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Keyword: taxcuts

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  • Donald Trump's wild claim: Unemployment is 42%

    09/28/2015 5:47:46 PM PDT · by 2ndDivisionVet · 93 replies
    CNN Money ^ | September 28, 2015 | Heather Long
    The official U.S. unemployment rate is 5.1% -- the lowest in seven years -- but Donald Trump calls that a "joke." On Monday, he claimed he'd seen numbers that show America's real unemployment rate is as high as 42%. How does he arrive at such a wild figure? Trump appears to be looking at the number of American adults not working. Period. Out of about 251 million American adults, roughly 102 million -- or 40.6% -- aren't working. But, of course, there are a lot of reasons people don't work. They could be disabled, in college, at home raising kids...
  • Trump: Unemployment Rate As High As 40%

    09/28/2015 11:05:48 AM PDT · by TigerClaws · 80 replies
    At Trump Tower, only a few blocks away from the meeting of world leaders at the United Nations, GOP presidential frontrunner Donald Trump announced his new plan to reform the U.S. tax code. After the main announcement, he took questions from the press. On how his plan would address income inequality: TRUMP: In terms of income inequality, we're going to create a lot of jobs. You know, right now we have a false [unemployment rate] 5.4%, 5.3%, 5.6%, every month it is different. It is such a phony number. Because when people look and look and look and then they...
  • Strange bedfellows: Donald Trump and the white working class

    08/23/2015 9:05:46 PM PDT · by 2ndDivisionVet · 68 replies
    Reuters ^ | August 23, 2015 | Justin Gest
    Republican presidential candidate Donald Trump clearly prides himself in shunning focus-group research. He refuses big campaign donations that he asserts make his opponents beholden to special interests. He seems to target no specific constituency. Many pollsters remain puzzled by Trump’s political appeal. “Republican support for Donald Trump just continues to grow,” said Patrick Murray, director of Monmouth Polling after its August survey, “with no clear sense of who his constituency really is.” Yet a constituency is emerging. Trump’s strongest supporters, roughly a quarter of Republican voters across the polls, are not dissuaded by any increased media scrutiny of their candidate....
  • Donald Trump Claims The 'Real' Unemployment Rate Is 18%. Here's What Wall Street Says.

    08/06/2015 11:47:59 AM PDT · by wtd · 52 replies
    Forbes ^ | August 6, 2015 | Dan Diamond
    Donald Trump Claims The 'Real' Unemployment Rate Is 18%. Here's What Wall Street Says.After Donald Trump announced his latest bid for the presidency, I reached out to get details on Trump’s plan to replace Obamacare, and posted that interview on FORBES last week. But for many FORBES readers, the most eye-catching part of the interview wasn’t Trump’s plan for health care. It was what the Trump campaign said about unemployment. “Mr. Trump believes that the real unemployment rate is over 18%, not the reported 5.5%,” a spokesperson told me. Trump’s distrust of the government’s job statistics isn’t new. In July,...
  • Candidates Talk Tax Cuts But Go AWOL On Spending Cuts

    10/01/2015 6:40:22 AM PDT · by SeekAndFind · 12 replies
    IBD ^ | 10/01/2015 | Veronique de Rugy
    Cutting taxes is great, but as I said, it must be done alongside genuine spending restraint — meaning serious changes to Medicare, Medicaid, Social Security and Affordable Care Act subsidies, which are consuming an ever-growing share of the budget. Doing one without the other would just kick the can farther down the road, an exercise that politicians are very good at. The good news for the candidates is that a plan to cut spending isn't that hard — on paper, at least. Cato Institute's Dan Mitchell calculated that we could balance the budget by 2021 by capping spending growth at...
  • Trump's zero-tax plan involves an ‘I win’ letter

    09/28/2015 10:27:15 AM PDT · by vbmoneyspender · 66 replies
    CNBC ^ | 9/28/2015 | Reuters with
    The plan calls for eliminating federal income taxes on individuals earning less than $25,000 and married couples earning less than $50,000. If you fall under the no tax bracket you'll get to send a one-page letter to the IRS that says "I Win," Trump said. But the plan would also benefit businesses and the rich.
  • Grading Trump’s tax plan (video - Fox Business)

    09/28/2015 10:58:46 AM PDT · by RoosterRedux · 43 replies
    Stuart Varney hosts Peter Morici, Charlie Gasparino, Grover Norquist. Video Link
  • Norquist Blesses Trump's Tax Plan, Brings 'Jobs, Jobs, Jobs'

    09/28/2015 10:00:05 AM PDT · by Helicondelta · 60 replies
    Republican presidential candidate Donald Trump's newly released tax plan was given a blessing Monday by the nation's biggest anti-tax advocate, Grover Norquist, who said it would produce "jobs, jobs, jobs." As Trump revealed his plan at a press conference, Norquist's influential Americans for Tax Reform released its review that Trump's plan is "consistent" with the advocacy group's "Taxpayer Protection Pledge." ATR said that the Trump plan overall budget neutral, and reforms some of the current tax code. On Twitter, Norquist wrote: "The @realDonaldTrump tax plan cuts business tax from 35% to 15%. This makes us competitive worldwide. Jobs. Jobs. Jobs."
  • Video: Donald Trump Unveils Tax Plan at Trump Tower

    09/28/2015 9:53:07 AM PDT · by JoeSeales · 44 replies
    Donald Trump ^ | 9-28-15 | Donald Trump
    September 28, 2015: At Trump Tower in New York City, GOP Presidential candidate and current front-runner Donald J. Trump unveiled his tax policy plan at a news conference.
  • Full Press Conference: Donald Trump Unveils His Tax Plan (9-28-15)

    09/28/2015 9:45:16 AM PDT · by Arthur McGowan · 25 replies
    YouTube ^ | 150928 | Donald Trump
    Visit to see the full plan September 28, 2015: At Trump Tower in New York City
  • Tax Reform That Will Make America Great Again

    09/28/2015 9:33:15 AM PDT · by GGpaX4DumpedTea · 16 replies
    Donald J Trump Website ^ | 9/28/2015 | Donald J Trump
    Tax Reform That Will Make America Great Again The Goals Of Donald J. Trump’s Tax Plan Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: 1.Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages. 2.Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money. 3.Grow the American economy...
  • Trump officially unveils tax plan that would lower taxes for millions

    09/28/2015 9:27:50 AM PDT · by SeekAndFind · 29 replies
    AP via Yahoo News ^ | 09/28/2015 | By JILL COLVIN
    WASHINGTON — Republican presidential front-runner Donald Trump is calling for an overhaul of the tax code that would eliminate income taxes for millions of Americans, while lowering them for the highest-income earners and business. The plan unveiled Monday would eliminate federal income taxes on individuals earning less than $25,000 and married couples earning less than $50,000. But the plan would also benefit businesses and the rich. It would lower the corporate tax rate from 35 percent to 15 percent and lower the highest income tax rate from 39.6 percent to 25 percent. But Trump said the plan would also impact...

    09/28/2015 9:20:30 AM PDT · by DannyTN · 77 replies
    Donald Trump Official Campaign Site ^ | 9/28/2015 | Donald Trump
    The Goals Of Donald J. Trump’s Tax Plan Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals: Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages. Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money. Grow the American economy by discouraging corporate inversions, adding a huge number...
  • Trump Plan Cuts Taxes for Millions

    09/28/2015 8:18:50 AM PDT · by Helicondelta · 277 replies ^ | Sept. 28, 2015
    Republican presidential candidate Donald Trump plans to unveil an ambitious tax plan Monday that he says would eliminate income taxes for millions of households, lower the tax rate on all businesses to 15% and change tax treatment of companies’ overseas earnings. Under the Trump plan, no federal income tax would be levied against individuals earning less than $25,000 and married couples earning less than $50,000. The Trump campaign estimates that would reduce taxes to zero for 31 million households that currently pay at least some income tax. The highest individual income-tax rate would be 25%, compared with the current 39.6%...
  • Donald Trump: Hey let’s tax the wealthy!

    09/28/2015 7:43:39 AM PDT · by SeekAndFind · 77 replies
    Hotair ^ | 09/28/2015 | Taylor Millard
    Donald Trump is expected to release his tax plan at some point today, but he let 60 Minutes in on a little sneak peak. There’s good news and bad news on the plan. Here’s the good news first. Donald Trump: I know. I know. I will say this, there will be a large segment of our country that will have a zero rate, a zero rate. And that’s something I haven’t told anybody.Scott Pelley: You’re talking about–Donald Trump: We’re talking about people in the low-income brackets that are supposed to be paying taxes, many of them don’t anyway.Scott Pelley:...
  • Trump press conference to release tax plan - live stream

    Live StreamIf you have a better live feed, please provide link.
  • Trump Says Tax Plan Will Be Good News for Everyone But Hedge Fund Managers

    09/28/2015 7:24:38 AM PDT · by TangledUpInBlue · 43 replies
    Yahoo Finance ^ | 9/28 | Michael Bender
    Criticized by Republican presidential rivals as having a loose grip on policy, Donald Trump will lay out a tax plan on Monday that he said will increase the burden on hedge fund managers, cut rates for corporations and the middle class, and eliminate payments for more of the poor.
  • Kenny plans to cut tax for low-middle earners below 50% (Ireland PM)

    09/19/2015 10:00:28 PM PDT · by Olog-hai · 3 replies
    Irish Times ^ | Thu, Sep 17, 2015, 20:15 | Mark Hilliard
    Taoiseach Enda Kenny has said the Government will cut taxes to bring the overall rate for low and middle income earners below the 50 percent threshold. Outlining a broad approach to taxation reform, Mr. Kenny said the current 51 percent rate is penal and “bad for recovery”. […] “I am committing this evening that as part of the upcoming general election campaign, that Fine Gael will publish a detailed, fully costed five-year economic plan,” he said. […] Mr. Kenny also committed to “protect and further” Ireland’s often controversial corporate tax regime as well as publishing a “comprehensive multi-year capital plan...
  • Scott Walker touts $4.7 billion in tax cuts. Is he right?

    08/29/2015 1:55:00 AM PDT · by Cincinatus' Wife · 22 replies
    Politifact ^ | August 28, 2015 | Lucas Daprile
    "..."By the end of this budget I’m in right now, taxes will have been cut $4.7 billion in my state," Walker said in the Aug. 17, 2015 interview. Last year, we checked a claim from Walker that tax cuts for his first term tallied $2 billion. We rated that True, based on numbers from the nonpartisan Legislative Fiscal Bureau, which is considered the gold standard on state fiscal matters. Now that some time has passed, and the boasted-about number is $2.7 billion larger, we thought we’d do some updated bean counting. $4.7 billion We recently dealt with the tax-cut picture...
  • Tax cuts to encourage emigrants to return says Prime Minister (of Ireland)

    07/27/2015 6:11:27 PM PDT · by Olog-hai · 2 replies
    Irish Central ^ | July 25, 2015 04:02 AM | (Irish Central Staff Writers)
    Irish Prime Minister Enda Kenny said he aims to reduce taxes to encourage the return of emigrants. Speaking at the MacGill Summer school on Friday, where several dozen anti-water charge protesters gathered ahead of his address, the Taoiseach said the tax rate was “too high a rate and kicks in too early.” Kenny said he plans to cut the 7 percent rate of Universal Social Charge in the forthcoming budget, the Irish Times reports. “In doing so, we will bring down the marginal rate of tax paid by people earning less than €70,000 to less than 50 percent.” …
  • The Lee-Rubio tax blueprint

    03/18/2015 12:48:39 PM PDT · by Tolerance Sucks Rocks · 22 replies
    The Washington Times ^ | March 17, 2015 | Allen West
    Republican Sens. Mike Lee of Utah and Marco Rubio of Florida have released a blueprint for federal tax reform called “The Economic Growth and Family Fairness Tax Plan.” First, we should not embrace the language of progressive socialism in believing tax reform should have as a goal to advance “family fairness.” The plan should simply be entitled “The American Growth and Opportunity Plan.” That said, the Lee-Rubio plan is a great improvement over the current system. For the individual tax structure, the plan introduces a two-tier system to replace the current seven tax brackets. This plan moves America from a...
  • Ohio's Chance of A Lifetime

    03/10/2015 7:02:24 AM PDT · by SeekAndFind · 13 replies
    Forbes ^ | 03/10/2015 | Rex Sinquefield
    Forty-three years ago, in 1972, the Ohio state government imposed a progressive personal income tax. This move was an ill-conceived plan that intended to pay for capital projects and education and shifted income tax burden away from business and onto individuals. The reasoning was that reducing the income tax burden on the business community would forestall the migration of businesses out of the state. However, reality proved otherwise, with billions of dollars and thousands of residents leaving the Buckeye State for more promising environments. Governor John Kasich will attempt to stem this outbound tide, and his tax plan makes clear...
  • Scott Walker wants to end funding for renewable energy program - UW-Madison needs to prioritize

    03/02/2015 10:12:34 AM PST · by Cincinatus' Wife · 18 replies
    Milwaukee Journal Sentinel ^ | March 2, 2015 | By Thomas Content and Lee Bergquist
    ......UW officials say that Walker's proposal to end funding for the bioenergy program would cripple broader energy-development research that is receiving $25million annually from the federal Department of Energy."I can't honestly say how we would replace it at this point,"said Michael Corradini,director of the Wisconsin Energy Institute at UW-Madison,which derives 90% of its funding from the bioenergy program...In 2007,Wisconsin landed the Great Lakes Bioenergy Research Center—the first federal research center the state had attracted in decades. The center received an initial five-year,$125 million grant from the U.S. Department of Energy.It was part of a $375 million package by the administration...
  • U.S. House votes to adopt contentious changes to cost estimates ('dynamic scoring' afoot)

    01/06/2015 3:25:46 PM PST · by NormsRevenge · 25 replies
    Yahoo News ^ | 1/5/15 | David Lawder - Reuters
    WASHINGTON (Reuters) - The U.S. House of Representatives voted on Tuesday to incorporate macroeconomic projections into cost estimates for major legislation, a move that critics say could hide the true budgetary effects of tax cuts. The move toward "dynamic scoring" is part of a package of new rules that passed on a 234-172 party-line vote as the new Republican-controlled Congress started its work.
  • Be a Rock Star... Start Hating Big Government

    12/27/2014 6:31:50 AM PST · by Kaslin · 13 replies ^ | December 27, 2014 | Michael Schaus
    The self-proclaimed “Robin Hood of Rock” is beginning to sound a little more like Grover Norquist than a traditional pop-culture leftist. The U2 frontman, Bono, recently praised Ireland’s extraordinarily low tax rate, while claiming that the move has brought unparalleled prosperity to the Emerald Isle. According to the UK Independent, Bono boasted about the tax-policy’s ability to bring wealth to Ireland for the first time in centuries:“We are a tiny little country, we don’t have scale, and our version of scale is to be innovative and to be clever, and tax competitiveness has brought our country the only prosperity we’ve known.”He even...
  • House GOP preparing vote on tax breaks

    12/02/2014 9:32:01 AM PST · by PROCON · 7 replies
    AP ^ | Dec. 2, 2014 | STEPHEN OHLEMACHER
    WASHINGTON (AP) — Struggling to reach a long-term agreement, House Republicans plan to vote on a one-year extension of temporary tax breaks affecting millions of businesses and individuals. Most of the more than 50 tax breaks expired at the end of 2013, so the extension would only run through the end of this month. However, it would allow taxpayers to claim the tax breaks when they file their 2014 tax returns.
  • How the GOP can blow the 2016 election: Promise tax cuts for the rich again

    12/02/2014 6:59:08 AM PST · by SeekAndFind · 40 replies
    The Week ^ | 12/02/2014 | By James Pethokoukis
    The midterms are over, meaning the 2016 White House race has begun. Here's my bold prediction: Almost all the GOP presidential contenders will offer a big tax-cut plan. Of course they will. Income tax cuts have been the defining issue of the modern Republican Party since the 1980 election of Ronald Reagan. As conservative political reporter Robert Novak once declared, "God put the Republican Party on earth to cut taxes. If they don't do that, they have no useful function." And if history is a reliable guide, most of those tax-cut plans will focus on cutting personal taxes so the...
  • How to Sell a Corporate Tax Cut: Republicans can do it with a little creativity

    10/04/2014 10:15:43 AM PDT · by SeekAndFind · 4 replies
    American Thinker ^ | 10/04/2014 | Scott Mayer
    Finding a way to prevent the next Burger King from fleeing the U.S. (to avoid paying the highest corporate tax rates in the world) appears to rank fairly high on the priority list for both Republicans and Democrats. But the two parties couldn’t be farther apart on the appropriate policy to end these so-called “unpatriotic” tax inversions. No strangers to coercion, the Obama administration via Treasury Secretary Jack Lew recently announced that through the use of executive action, “the agency would change several tax rules to stop companies from buying smaller, foreign firms and then moving out of the U.S.”...
  • It Takes a President

    09/04/2014 5:59:55 AM PDT · by Kaslin · 6 replies ^ | September 4, 2014 | John Ransom
    350 more U.S. troops are headed to Iraq to fight a war that Obama declared over almost exactly four years ago today. “President Obama declared an end on Tuesday to the seven-year American combat mission in Iraq,” wrote the New York Times on the last day of August in 2010, “saying that the United States has met its responsibility to that country and that it is now time to turn to pressing problems at home.”Like a lot of journalism, what the New York Times wrote that day was more of an elegy for the Obama administration and its brand of progressivism...
  • Rooftop Solar Companies Cash In on Government Handouts

    07/24/2014 5:35:33 PM PDT · by Kaslin · 24 replies ^ | July 24, 2014 | David Williams
    You can’t help but hand it to them – rooftop solar companies have quite cleverly found their way onto the government’s gravy train. For years Washington has subsidized rooftop solar installations for customers in the form of the Solar Investment Tax Credit, which allows homeowners who install rooftop solar panels to receive a tax credit of up to 30 percent of the cost. The subsidy has been one of the many ongoing ways in which the feds insert themselves into the energy marketplace. And while it has hampered efforts to achieve real energy independence in the U.S., and has...
  • Why State Tax Cuts Aren’t Driving Job Growth

    07/11/2014 7:37:04 AM PDT · by SeekAndFind · 11 replies
    Fiscal Times ^ | 07/11/2014 | BY ROB GARVER
    When Wisconsin Gov. Scott Walker delivered his State of the State address in January 2013, he promised that an agenda of budget cutting, reduced taxes and less business regulation would result in a better economic climate and more jobs for his state. “Unlike the message coming out of Washington, I believe that putting more money in the hands of the people — instead of the government — is good for the economy,” said the Republican governor, who is known as a reformer. Walker is just one of several Republican governors who, with the help of friendly Republican-dominated state legislatures, have...
  • Kansas was supposed to be the GOP’s tax-cut paradise. Now it can barely pay its bills.

    07/08/2014 11:31:07 AM PDT · by SeekAndFind · 43 replies
    VOX ^ | 07/08/2014 | Andrew Prokop
    In 2012, Kansas governor Sam Brownback signed a massive tax cut into law, arguing that it would boost the state's economy. Eventually, he hoped to eliminate individual income taxes entirely. "Our place, Kansas, will show the path, the difficult path, for America to go in these troubled times," he said. National conservative activists raved. Patrick Gleason of Americans for Tax Reform said Kansas was "the story of the next decade." The Cato Institute praised Brownback's "impressive" tax cuts and gave him an "A" on fiscal policy. And the Weekly Standard's Bill Kristol said that, if reelected, Brownback would be "a...
  • Europe’s attention finally shifts from bailouts to tax cuts

    07/08/2014 10:23:15 AM PDT · by Olog-hai · 4 replies
    EU Observer ^ | 07/08/14 @ 19:10 | Benjamin Fox
    It is a sign that the European economy is no longer in crisis territory that tax cuts rather than bailouts dominated Monday’s (7 July) meeting of eurozone finance ministers. Ministers at the monthly Eurogroup meeting agreed to sign off the next €1 billion tranche of Greece’s bailout program almost as an afterthought. Instead, the main item of discussion focused on how they can cut business costs and increase the pay packet of the average European. In its annual set of economic recommendations to the EU’s 28 countries last month, the European Commission urged 11 euro-area countries to reduce their so-called...
  • Carney Suggests Republicans are like Racists

    04/08/2014 3:29:57 PM PDT · by don-o · 20 replies
    White House Dossier ^ | April 8, 2014 | Keith Koffler
    President Obama and his aides are up to their usual deeply unpresidential vitriol, suggesting evil motives on the part of Republicans for opposing Obama’s agenda. White House Press Secretary Jay Carney today compared Republican opponents of the Paycheck Fairness Act to “conservatives” who fought civil rights legislation. Carney spoke today at the White House briefing: "Republicans object to this strenuously using the same arguments that conservatives used when they objected to very bit of progress made on civil rights for women and minorities over the past many decades. And they were wrong then, and they are wrong now." Actually, Republicans...
  • Lone Female Democratic Governor Celebrates #EqualPayDay

    04/08/2014 3:25:46 PM PDT · by smoothsailing · 8 replies
    Washington Free Beacon ^ | 4-8-2014 | Andrew Stiles
    Lone Female Democratic Governor Celebrates #EqualPayDay Andrew Stiles // April 8, 2014 5:01 pm New Hampshire Gov. Maggie Hassan (D), fourth from left. New Hampshire governor Maggie Hassan (D) celebrated “Equal Pay Day” on Tuesday: Governor Hassan Proclaims Equal Pay Day, Urges Support for New Hampshire Paycheck Fairness Act— Gov. Maggie Hassan (@GovernorHassan) April 8, 2014 Of the 21 Democratic state governors, Hassan is the only woman. From the Democratic Governors Association website:There are four times as many female Republican governors:Women are amazing. Why do Democrats hate them so much?
  • Limbaugh Says ‘Democrats Are Living in Mortal Fear’ of the Day This ‘Huge’ Story Is Widely Reported

    03/22/2014 10:59:43 AM PDT · by PJ-Comix · 26 replies
    The Blaze ^ | March 20, 2014 | Jason Howerton
    Conservative radio host Rush Limbaugh on Wednesday took a shot at the mainstream media and even some conservative outlets for underreporting on the success of Gov. Scott Walker (R) in Wisconsin. Limbaugh cited an Associated Press report run Wednesday on page A14 of the New York Times about the Wisconsin Assembly passing Walker’s $504 million tax-cut plan. As previously reported by TheBlaze, Walker intends to use part of Wisconsin’s projected $977 million surplus to pay for property and income tax cuts.
  • Rhode Island (House) Speaker's work, home raided in probe

    03/21/2014 3:04:45 PM PDT · by kingattax · 21 replies
    PROVIDENCE, R.I. (AP) — Law enforcement officials raided the office and home of House Speaker Gordon Fox on Friday as part of a criminal investigation by the U.S. attorney's office, FBI, IRS and state police. Officials would not say who or what was being investigated, but authorities worked for hours inside the Democratic House speaker's Statehouse office while state police troopers stood outside. Authorities entered the office carrying an evidence bag and empty cardboard boxes Friday morning. Fox's spokesman, Larry Berman, said state police had asked everyone working in the office to leave, but he didn't know why. At around...
  • Swedes tire of tax cuts as welfare state shows strains

    03/18/2014 6:22:09 AM PDT · by Olog-hai · 19 replies
    Reuters ^ | Mon Mar 17, 2014 11:16am EDT | Daniel Dickson and Alistair Scrutton
    To glimpse Swedish angst under its picture postcard prosperity, look no further than film director Lisa Ohlin, who has enjoyed years of tax cuts in an economy the envy of Europe. Homes in her Stockholm neighborhood cost around $1 million. But this leafy, well-heeled area is a microcosm of Sweden, where eyes are on a struggling school with strained finances, not enough teachers and poor results. Like many Swedes, Ohlin wants her cherished welfare state back. […] Voters like Ohlin are returning to faith in cradle to grave welfare after eight years of center-right Prime Minister Fredrik Reinfeldt, who cut...
  • Recalling the Days When Democrats Cut Taxes

    03/06/2014 8:01:03 AM PST · by Kaslin · 3 replies ^ | March 6, 2014 | Larry Kudlow
    Fifty years ago last week, on Feb. 26, 1964, President Lyndon B. Johnson signed into law the sweeping tax cuts that had been championed by his predecessor, John F. Kennedy. The law brought the top marginal income-tax rate down to 70% from 91% and the bottom marginal rate down to 14% from 20%. The 22 rates in between also were cut. The tax legislation of 1964 was one of three major across-the-board income-tax cuts in the 20th century. The others took place in the 1920s, during the Warren Harding and Calvin Coolidge administrations, and in 1981 and 1986 during...
  • How To Undo The Failure Of Obamanomics — Big Tax Cuts

    02/28/2014 12:11:39 PM PST · by Jim Robinson · 18 replies
    IBD ^ | 2/27/2014 | IBD Editorial
    Fiscal Policy: President Obama is putting all his political chips on raising the minimum wage to 10.10 an hour, but so far that issue isn't gaining much political traction. The 500,000 job losses confirmed last week by the Congressional Budget Office certainly were a mortal wound to the legislative push — as well they should be when we have nearly 20 million Americans already unemployed or underemployed. But most Americans have a much bigger concern than raising the minimum wage. Only about 5% of workers make that little (the average is well above $20 an hour), and most receiving the...
  • Oklahoma Considers Pro-Growth Tax Reform

    01/31/2014 1:58:54 PM PST · by ThethoughtsofGreg · 4 replies
    American Legislator ^ | 1-31-14 | Ben Wilterdink
    Last year, Oklahoma legislators voted on a tax reduction package to the state’s personal income tax. The measure passed the legislature and was signed by Governor Fallin. Ultimately, however, Oklahoma’s State Supreme Court struck down the tax cut measure. This is a topic that we have discussed in more detail previously. Pro-growth tax reform is again being considered in Oklahoma and the new measure, being considered in both houses, is even bolder than the tax cut package from last session. The 2013 tax cut package would have reduced the state’s personal income tax from 5.25 percent to 5 percent starting...
  • Democrat Gov. vetoes income tax cut for citizens, then seeks special carve outs for big business

    01/16/2014 1:21:10 PM PST · by ThethoughtsofGreg · 3 replies
    American Legislator ^ | 1-16-14 | Will Freeland
    Just a few months after Missouri’s Governor Jay Nixon vetoed a small but beneficial income tax cut, totaling $700 million over 10 years (barely larger than the one-year value of recent cuts in North Carolina), the Governor convened a special session to provide tax carve-outs for aircraft manufacturer, Boeing. That special session resulted in $1.7 billion in tax incentives to be paid out over 23 years, albeit with some job creation performance targets Boeing is required to hit in order to receive said tax benefits. The juxtaposition of these events provides an awkward contradiction. First, the suggestion that Boeing needs...
  • Governor to propose 'significant' tax cuts

    01/16/2014 5:19:33 AM PST · by TurboZamboni · 9 replies
    Pioneer Press ^ | 1-15-14 | Scott Bauer
    Gov. Scott Walker plans to propose "significant" tax cuts in his State of the State address next week, reductions made possible by tax collections that far exceed earlier estimates, his spokeswoman said Wednesday. Walker won't reveal details until his speech Wednesday, but he is looking at property tax cuts and changing income tax withholding tables to put more money into workers' paychecks immediately, his spokeswoman Jocelyn Webster said. "This is great news for the hardworking taxpayers of the state," she said. Walker and Republicans who control the Legislature have been discussing details of the proposal, Webster said. "I want all...
  • Gov. Dave Heineman calls for tax cuts of up to $500 million over next 3 years

    01/15/2014 7:41:48 AM PST · by NEMDF · 5 replies
    Omaha World Herald ^ | January 15, 2014 | Paul Hammel
    LINCOLN — Gov. Dave Heineman is wasting no time promoting his push for tax-relief legislation in 2014. Heineman scooped his own State of the State address — scheduled for delivery this morning — by revealing his plan Tuesday night to seek up to $500 million in tax cuts over the next three years.
  • ISLAMIC INFILTRATION OF THE GOP::Norquist's Muslim Protégés

    06/03/2008 5:30:56 PM PDT · by RaceBannon · 56 replies · 293+ views | 6/3/2008 ^ | | 6/3/2008 | By Paul Sperry
    Norquist's Muslim Protégés By Paul Sperry | 6/3/2008 If at first you don't succeed, try, try again. That appears to be the strategy of GOP powerbroker Grover Norquist in his wicked project to dress Islamists up as patriotic Republicans so they can infiltrate the government. While he's managed to get some of his Muslim proteges jobs in the Bush administration, getting them elected to public office has been another story. Voters aren't buying their makeover. Last November, his crony Faisal M. Gill lost a bid for a seat in the Virginia state legislature. Now another protege, Kamal M. Nawash,...
  • The Only Tax-Cutter Democrats Still Love, But Not His Tax Cuts

    11/22/2013 9:36:46 AM PST · by Kaslin · 5 replies ^ | November 22, 2013 | Donald Lambro
    In all of the many film documentaries, news stories and other media programs about the life and death of President John F. Kennedy, few if any mention one of his major legacies: cutting taxes to, in his words, "get America moving again." Democrats and President Obama, for whom "tax cuts" is an "expletive deleted", despise the idea and never talk about JFK's across-the-board, income tax rate reductions which led to a decade- long burst of economic growth. What Kennedy proposed and got through a Democratic Congress deserves our attention now more than ever. With the Obama economy still "stuck in...
  • Obama Skips the Kennedy Tax Cuts

    08/17/2013 4:10:03 PM PDT · by Kaslin · 2 replies ^ | August 17, 2013 | Larry Kudlow
    After delivering a number of “economic growth” speeches this summer, President Obama has failed to inspire any confidence, falling all the way back to square one in a recent Gallup poll. Actually, make that less than square one. Gallup reported that Obama’s approval rating on the economy has sunk to 35 percent in August from 42 percent in early June. Why should we be surprised? The actual economy shows real GDP falling well below 2 percent. This so-called recovery remains the worst in modern history dating back to 1947. And as far as solutions go, Obama keeps giving us the...
  • Governor Fallin's Misleading Tax Cut

    05/19/2013 5:25:25 AM PDT · by LD Jackson · 6 replies
    Political Realities ^ | 05/19/13 | Charles M. Phipps
    I don't agree with much at all of what the Oklahoma Policy Institute puts out, but their information about the recent tax cut legislation passed by the Oklahoma legislature and signed into law by Governor Fallin is right on the money. Opinions about policy can vary, but numbers don't lie. I've looked at the new tax rates in House Bill 2032 and I've run the numbers against the tax rates in this year's form 511 - the Oklahoma individual income tax form. What the numbers tell me is that the things being said by Governor Fallin, Speak of the House...
  • Governor Mike Pence’s Indiana-Tax Win (He successfully persuades reluctant lawmakers to cut taxes)

    05/07/2013 6:50:12 AM PDT · by SeekAndFind · 6 replies
    National Review ^ | 05/07/2013 | Katrina Trinko
    As Indiana governor, Mike Pence has been flying under the radar. While other Republican governors, such as Bobby Jindal and Scott Walker, have taken advantage of their platform to speak out nationally, Pence has stuck close to his state and focused on the concerns of Hoosiers. Pence — who attracted buzz as a potential 2012 contender when he was still a congressman in 2011 — has instead been working diligently to rack up accomplishments during his first term as governor. Pence’s top accomplishment this session was cutting Indiana taxes. Initially, he had proposed slashing the income-tax rate, currently at 3.4...
  • Pelosi: ‘Tax Cuts Are Spending’

    03/07/2013 9:33:56 AM PST · by Sub-Driver · 49 replies
    Pelosi: ‘Tax Cuts Are Spending’ March 7, 2013 By Terence P. Jeffrey ( - House Minority Leader Nancy Pelosi (D.-Calif.) said today that the government must cut spending, and then explained that: “Tax cuts are spending.” “Our whole budget is what $3.5 trillion,” Pelosi said at a Capitol Hill press conference. “So, when we talk about reducing spending, we certainly must, and we certainly have--$1.6 trillion in the previous Congress, $1.2 of it in the Budget Control Act. “But spending is also related to tax cuts,” said Pelosi. Tax cuts are spending. Tax expenditures, they are called. Subsidies for big...