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Keyword: taxcuts

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  • A Credibility Deficit. Tax cuts DO NOT generally increase revenue.

    04/25/2011 7:14:56 AM PDT · by SeekAndFind · 28 replies
    National Review ^ | 04/25/2011 | Kevin Williamson
    Among sentences I do not like to write: Andrew Leonard is mostly right about this one. Tax cuts do not generally increase revenue, and Republicans should stop saying otherwise. But he’s not quite right to treat all these statements as equivalent: ---------------------------------------------------------------------------------------------------------------------------- Here’s Rep. Joe Walsh, (R-Ill.) the self-styled “conservative Tea Party activist” who upset Democrat Melissa Bean in the 2010 midterms, on ABC’s “This Week.” “In the ’80s, federal revenues went up,” said Walsh. “We didn’t cut spending. Revenues went up in the ’80s. Every time we’ve cut taxes, revenues have gone up. The economy has grown.” Walsh may...
  • Alliance tax cuts top 100 billion kronor (:Sweden - The light is coming from Scandinavia!)

    04/23/2011 11:38:55 AM PDT · by WesternCulture · 9 replies
    www.thelocal.se ^ | 04/23/2011 | TT/The Local
    I was born in Sweden 41 years ago and since 1988 I work there. Compared to when I begun my career, wages are much higher, prices have not gone up much and taxes are way lower. Recently, our economy has displayed GDP growth figures of 7.3%. Do we Scandinavians set an example for other nations? I think we do. Germany has recently begun listening to what Denmark, Norway, Finland and Sweden have to say in the area of economic policy and national budget discipline. One fine day, France, Italy, Britain, Japan and the US perhaps will too.. The article: "The...
  • Can’t Blame Bush. Dubya's wars, tax cuts, and bailouts are not what got us into this mess.

    04/18/2011 7:28:07 AM PDT · by SeekAndFind · 25 replies
    National Review ^ | 04/18/2011 | Kevin Williamson
    Your average poorly informed lefty (but I repeat myself) will reliably tell you that our current fiscal straits are the result of three things: 1. Bush’s wars; 2. Bush’s tax cuts for the rich; 3. Bush’s bank bailouts. That is not true, of course: The main bank bailouts (odious as they were) have been paid back, often at a profit. The money-losing parts (and the likely money-losing parts) are the ones insisted upon by Barack Obama and his Democratic colleagues: the foreclosure-prevention programs, the endless maintenance of Fannie Mae and Freddie Mac, etc. The Iraq War, in its most expensive...
  • Ben Stein Blames ‘Excessive Tax Cuts’ & ‘Voodoo Economics’ for Deficit

    04/17/2011 6:51:27 PM PDT · by AnnGora · 83 replies
    Newsbusters.org ^ | April 17, 2011 | Brad Wilmouth
    During a pre-recorded commentary aired on CBS’s Sunday Morning show, right-leaning actor and economist Ben Stein - also a CBS contributor - blamed "excessive tax cuts" enacted by former President Bush and congressional Republicans for "starting the problem" of the current federal budget deficit, and advocated raising taxes on the wealthy in addition to "major spending cuts" and changes in Medicare and Social Security to get the deficit under control. Stein: "The Republicans who started the problem with excessive tax cuts in the Bush years will have to agree to raise taxes at least upon the truly rich of whom...
  • News.NJ Governor Chris Christie goes after state worker bennies to fund tax cuts & credits

    02/23/2011 4:06:51 AM PST · by Huck · 14 replies
    Trentonian ^ | February 22, 2011
    TRENTON, N.J. (AP) — New Jersey Gov. Chris Christie held fast to his national reputation for fiscal discipline amid the widespread financial crisis that's hit U.S. states, unveiling a $29.4 billion state budget Tuesday that calls for heftier contributions from state workers for pension and health care benefits. Christie proposes paying $500 million into the state's severely underfunded pension system — the minimum required under a new state law to get the state to quit skipping its payments. But Christie, who's burnished national credentials as a take-no-prisoners fiscal conservative, says he'll make the payment only if the Democratic Legislature agrees...
  • N.J. businesses praise Christie's proposal for $690M in tax cuts

    02/23/2011 3:44:52 AM PST · by Huck · 10 replies
    NJ.com ^ | February 23, 2011 | Star-Ledger staff
    New Jersey business advocacy groups cheered Gov. Chris Christie’s state budget Tuesday, expressing satisfaction with his strategy for creating "a better environment to start and grow a business." While the governor may have ruffled some feathers in other aspects of his budget, the business community embraced his proposal to phase in cuts for corporate, income, sales and estate taxes, totaling nearly $200 million in the coming year, and $690 million in 2016. "For the first time in my lifetime, we have a governor and a legislature that care about paying the bills," said trucking business owner Matt Wright, during an...
  • Biting the Bullet and Cutting Expenses

    02/15/2011 1:54:36 PM PST · by jda · 8 replies
    Please do your part!!!
  • Lawmakers Consider Cutting Corporate Taxes (Indiana)

    02/08/2011 1:24:12 PM PST · by Abathar · 15 replies
    AP/theindychannel.com ^ | 02/08/2011 | Staff
    INDIANAPOLIS -- Legislators are moving ahead with a plan to cut Indiana's corporate income tax by about 40 percent while holding off on phasing out the state inheritance tax. The state Senate tax committee on Tuesday heard testimony that Indiana's corporate tax rate of 8.5 percent is among the nation's highest. Supporters of cutting it to 5 percent said the higher rate discourages businesses from moving into Indiana.
  • Biden: We Will Try To "Repeal" Tax Cuts Again (video)

    01/28/2011 11:31:39 AM PST · by i88schwartz · 18 replies
    RealClearPolitics ^ | January 28, 2011 | RealClearPolitics
    "We are going to once again attempt to repeal the unnecessary $700-billion tax cut for people who make the top two percent," Vice President Joe Biden told Yahoo! News.
  • Fredom Is The Freedom To Say....

    01/18/2011 9:12:04 PM PST · by Absolutely Nobama · 10 replies
    www.absolutelynobama.com ^ | December 14, 2010 | Alan Levy
    "Freedom is the freedom to say that two plus two makes four. If that is granted, all else follows." -- George Orwell, Ninteen Eighty-Four -------------------------------------------------------------------------------- Ok. Fine. You asked for it, George. THE TAX DEAL HAMMERED OUT BY MITCH MCCONNELL AND JOHN BOEHNER WITH CHAIRMAN OBAMA SUCKS. I THINK MCCONNELL AND BOEHNER SHOULD BE STRIPPED OF THEIR LEADERSHIP POSITIONS. There are many reasons why I left the Republican Panty. The first nail in the coffin was John McPain being named the Republican nominee for the '08 Popularity Contest. The second nail in the coffin was George Bush's ugly baby, TARP....
  • Why You May Not File Your Tax Return Before February (some tax breaks expired in 2009!)

    01/16/2011 5:18:49 PM PST · by Innovative · 20 replies
    WSJ ^ | Jan. 16, 2010 | Tom Herman
    Q: The law Congress passed in December should only affect the taxes for 2011, which will be filed in 2012. Why is the IRS blaming Congress for this problem when its actions should not have affected the processing of 2010 returns? A: You are correct about the Bush-era income-tax rate cuts. However, several other popular tax breaks expired at the end of 2009, and Congress didn't resurrect them until mid-December of 2010. As a result, the IRS says it needs time to "reprogram its processing systems." That, in turn, means millions of people will have to wait to file their...
  • Reinfeldt open to further tax cuts (- Swedish consumers the happiest on Earth?)

    01/11/2011 5:43:13 AM PST · by WesternCulture · 7 replies
    www.thelocal.se ^ | 01/10/2011 | TT/The Local
    Swedish Prime Minister Fredrik Reinfeldt has indicated that his government is ready to push ahead with further tax cuts assuming public finances continue to improve. Reinfeldt told Sveriges Television (SVT) on Sunday that he’s open to moving ahead with the fifth stage in the centre-right government’s in-work tax credit programme (jobbskatteavdraget). According to Reinfeldt, the tax reductions could come as soon as January 1st, 2012 as long as the four parties of the centre-right Alliance government can come to an agreement on the issue. “But we believe on the best way to stimulated part time workers and low-wage earners to...
  • Five New Years Resolutions for the New Congress

    12/30/2010 9:05:51 PM PST · by MikeMerritt · 2 replies · 3+ views
    Right Across the Atlantic ^ | 12/30/2010 | Michael Merritt
    A New Year approaches. Along with it comes a brand new Congress. There are many things Congress needs to do next year. However, I believe there are five that are of the utmost importance; things that the new Congress should make New Years Resolutions.
  • Savannah Guthrie: 'I Know' Obama Sees Middle-Class Tax Cuts As 'Moral Issue

    12/30/2010 5:06:34 AM PST · by governsleastgovernsbest · 26 replies · 4+ views
    NewsBusters ^ | Mark Finkelstein
    Next time Barack Obama is looking for character references, here's one person he can count on: Savannah Guthrie . . . On Morning Joe today, the NBC White House correspondent personally vouched for PBO, saying "I know the president looks at [middle-class tax cuts] as a moral issue." View video after the jump.
  • The New Big Picture (Really good read at link)

    12/28/2010 1:46:38 PM PST · by Signalman · 3 replies · 2+ views
    Spectator.org ^ | 12/15/2010 | Peter Ferrara
    The Bush Tax Cuts: The Final Word and Beyond For how many years have Barack Obama, Nancy Pelosi, and other Democrats been telling America that Bush cut taxes only for the rich? If so, where did all those middle class tax cuts come from that everyone is now talking about extending? The Republicans are holding the middle class tax cuts hostage? It was the Republicans who enacted the middle class tax cuts, nearly 10 years ago now. That would be $3 trillion in middle class tax cuts over the next 10 years. Obama and Pelosi are talking as if these...
  • Herman Cain on FOX with David Asman - video

    12/24/2010 6:35:49 AM PST · by justsaynomore · 35 replies · 2+ views
    Hermanator PAC ^ | December 24, 2010 | Herman Cain
    Herman discusses the lame duck session, the economy, his cancer survival, and more with David Asman. VIDEO
  • 51 million, mostly lower-income, will do worse under new tax law

    12/17/2010 2:30:34 PM PST · by wrrock · 26 replies
    Consumer Reports ^ | 12/17/2010 | Consumer Reports
    The federal tax bill passed by Congress yesterday includes some extras for the middle class and lots of goodies for the wealthy. But individuals making less than $20,000 and households making less than $40,000 a year will actually get less tax relief in 2011 than they got in 2010 and 2009. That's because the Making Work Pay credit, a temporary tax credit that's been in effect for the past two years, is going away as of January 1. That credit provides up to $400 per individual, $800 per household, for all eligible workers. And it adds more to the pockets...
  • House passes temporary extension of Bush-era tax cuts 277-148

    12/16/2010 9:30:45 PM PST · by Second Amendment First · 98 replies · 7+ views
    The Hill ^ | December 16, 2010 | Russell Berman and Mike Lillis
    The House late Thursday gave final approval, 277-148, to a temporary extension of the George W. Bush-era tax rates, delivering a significant but politically bruising victory to President Obama. The $858 billion legislation now heads to the president’s desk for his signature. It extends the Bush tax cuts across the board for two years, slashes the employee payroll tax by 2 percent for one year, renews the estate tax and extends unemployment insurance benefits for 13 months. The president argued the deal was the best he could get from Republicans who refused to budge on extending tax cuts for the...
  • 5 Republicans Oppose Permanent Extension of Tax Cuts

    12/15/2010 10:59:00 AM PST · by red meat conservative · 19 replies
    Red Meat Conservative ^ | 12/15/10 | Daniel
    Today, the Senate voted on the DeMint amendment to the tax deal (H.R. 4853).  This amendment would have extended all of the Bush tax forever and would have permanently eliminated the death tax.  The amendment was forced through a suspension motion which required 67 votes because Harry Reid has once again filled the amendment tree.  The motion only garnered 37 votes.  Ben Nelson was the only Democrat to support DeMint, but 5 Republicans opposed him: Scott Brown Susan Collins Mark Kirk Olympia Snowe George Voinivich Thank you Scott Brown for stabbing those who elected you in the back.  There is...
  • It would be better for all Bush cuts to expire than exempt the “rich”

    12/15/2010 7:02:57 AM PST · by Brittany Pounders · 22 replies
    www.LibertyJuice.com ^ | December 15, 2010 | Kevin Price
    The battle over the extension of the Bush tax cuts rages on. We hear about it in the Congress, from the White House, on the news and even at the water cooler. Everyone is taking sides. If these cuts do not continue, the United States will experience one of the highest tax increases in US history and the continued attack on job creation. Furthermore, we will likely move to the top spot of highest taxed countries in the industrialized world. In a world where capital can easily take flight, this spells dire consequences for an economy that is the worst...