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Keyword: taxes

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  • The Top Four Reasons California Is Unsustainable

    11/10/2018 2:08:03 PM PST · by RedMonqey · 81 replies
    Forbes ^ | Apr 19, 2018 | Thomas Del Beccaro
    California is a place unlike any other on the Globe. It boasts perhaps the greatest natural resources of any state along with shining high-tech industries. However, like many good economic stories, government policies threaten its future. Indeed, its government has made California unsustainable. Of course, it wasn’t always this way. As the 1960s came to a close in California, it had a population of nearly twenty million. In the decade before, its economic strength afforded the construction of a vast State Water Project and higher education system that was the envy of the world. Matched with a majestic and trade...
  • California voters reject repeal of state gas tax and vehicle fee increase

    11/07/2018 11:09:03 AM PST · by C19fan · 51 replies
    LA Times ^ | November 7, 2018 | Patrick McGreeby
    Proposition 6, which would have repealed an increase in California’s gas tax, failed to win the majority vote needed for passage on Tuesday after Gov. Jerry Brown warned it would halt urgent repairs to the state’s crumbling roads and bridges. Brown, who leaves office in January, said after the first vote tallies were announced that it was important that the initiative be defeated for the future of the state. “This is one of the most significant votes in America tonight, because where else have people voted to tax themselves to pay for what they need?” Brown said to cheers at...
  • Why America is Increasingly Divided (And James Madison Would Have Predicted It)

    11/07/2018 9:41:58 AM PST · by Pining_4_TX · 4 replies
    The Independent Institute ^ | 11/06/18 | Lawrence McQuillan
    In 1925, President Calvin Coolidge famously said that the “chief business of the American people is business.” Today, however, this could be reworded as “the business of the American people is redistribution.” And government redistribution of income and wealth—violations of personal property rights—is tearing apart the social fabric of the country. Today more than half of Americans receive more money from government transfer* programs than they pay in federal taxes. When a majority of people benefit, on net, from government transfers and its growth, a tipping point is reached where pulling back is increasingly difficult, if not politically impossible.
  • Skin in the Game

    11/07/2018 9:31:36 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | November 7, 2018 | Walter E. Williams
    In describing the GOP tax cuts, House Minority Leader Nancy Pelosi said that they and bonuses American workers were getting were "crumbs." They were "tax cuts for the rich." Some argued that the tax cuts would reduce revenues. Pelosi predicted, "This thing will explode the deficit." How about some tax facts? The argument that tax cuts reduce federal revenues can be disposed of quite easily. According to the Congressional Budget Office, revenues from federal income taxes were $76 billion higher in the first half of this year than they were in the first half of 2017. The Treasury Department says...
  • You don't have to give Trump the credit but his economy is soaring

    11/05/2018 4:45:27 AM PST · by calvincaspian · 21 replies
    The Boston Herald ^ | 11-05-2018 | Herald Staff
    The economy is roaring. On Friday the Bureau of Labor Statistics released the jobs report for October. It exceeded expectations. We are seeing the best wage growth since 2009, when we were crawling out of the recession. In October, 250,000 jobs were added to the economy. The unemployment rate held at 3.7 percent — its lowest level since 1969. The average hourly earnings increased at a 3.1 percent pace, year over year. That is the strongest wage growth since April 2009. More people are working than in any time in recent memory and employers are having trouble filling positions.
  • IRA contribution limit lifted for the first time in six years

    11/01/2018 9:34:03 AM PDT · by Tell It Right · 17 replies
    MarketWatch ^ | 11/1/2018 | Steve Goldstein
    The limit on annual contributions to an IRA has increased to $6,000 from $5,500 for the 2019 tax year, while the limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased from $18,500 to $19,000.
  • Repubs Promise Pivotal and Permanent TaxCuts /w TaxCuts 2 Bill While Dems Propose Perpetual TaxHikes

    10/31/2018 1:39:02 PM PDT · by davikkm · 3 replies
    IWB ^ | Bob Shanahan
    For those out there still thinking of voting Democrat on Tuesday, let me remind you what Republicans have in store for next year: Tax Cuts 2.0. A month ago, the GOP-controlled House of Representatives passed the second phase of the tax cuts following the December 2017-passed Tax Cuts and Jobs Act. The main piece of the three-bill package is a measure that would extend and make permanent the individual tax cuts implemented almost a year ago. Under current law, the individual cuts are set to expire after 2025. Though these significant tax cuts would balloon the deficit even more, it...
  • Flashback: 2003 - The sorry tale of George Soros

    10/28/2018 3:09:46 PM PDT · by GraceG · 17 replies
    Jewish World Review ^ | Dec. 2, 2003 | Jackie Mason & Raoul Felder
    The jester and the advocate don't take kindly to self-hating Jews There was this movie with Peter Sellers in which he played a character who was — with all this political correctness floating around, we don't know the appropriate phrase du Jour — perhaps it is — "mentally challenged", but who everybody thought was a great genius. At a press conference he was asked what he thought of China. He paused, bowed his head and slowly said, "China is full of Chinese." The reporters nodded their heads in awe and murmured, "Full of Chinese. Hmm.", remarking to each other how...
  • A Band of Nuns Campaigns against Tax Cuts...and the Unborn

    10/24/2018 7:37:39 AM PDT · by SeekAndFind · 17 replies
    American Thinker ^ | 10/24/2018 | T.R. Clancy
    There's a bus full of Catholic nuns tootling around the country – final destination: Mar-a-Lago and a "Fiesta for the Common Good" – spreading the social justice gospel that individualism is "an unpatriotic lie." Detroit News columnist Bankole Thompson reports that "NETWORK, the Catholic social justice group in Washington, D.C., led by Sister Simone Campbell, has long been answering the call of prophet Amos" about the widening gap between rich and poor. Sister Simone's Nuns on the Bus tour is now making its way through 21 states, calling attention "to policies that are hurting the poor including tax cuts that...
  • Of course, Jared Kushner isn't paying taxes — he's making a loss

    10/24/2018 6:48:47 AM PDT · by SeekAndFind · 15 replies
    Washington Examiner ^ | 10/24/2018 | Tim Worstall
    The New York Times tells us that Jared Kushner paid "little to no" income tax from 2009 to 2016. Yes, Kushner is very rich. But not paying income tax is actually pretty reasonable given that on the numbers presented, Kushner has been making a loss. We tend to try to tax positive incomes, not negative ones. That’s not how it’s presented by the New York Times, but it is the crux of the matter. The details are here. The Guardian reliably supplies the outrage here. I'll explain what they don’t: On the numbers presented it’s quite right, at least...
  • Can Florida Afford a 'Governor Andrew Gillum'?

    10/23/2018 5:03:27 PM PDT · by BenghaziMemoriam · 28 replies
    Sunshine State News ^ | October 17, 2018 | Nancy Smith
    James Madison Institute's just-released analysis of the two main governor candidates' economic platforms could wither a cactus. Most of us realize Ron DeSantis and Andrew Gillum have wildly contrasting economic plans, but I don't think we ever truly understood how much our choice on Nov. 6 could cost Florida and affect Floridians' way of life, perhaps for generations. Ron DeSantis' platform would maintain Florida’s status as a low tax state and a national economic leader; Andrew Gillum's "would cost $2.6 billion in additional state taxes, not including his support for Medicare-For-All, which will raise taxes significantly more" and put Florida...
  • A Hidden Plan to Stick Taxpayers with Billions in Student-Loan ‘Forgiveness’

    10/23/2018 7:59:46 AM PDT · by SeekAndFind · 35 replies
    National Review ^ | 10/23/2018 | By JASON DELISLE & CODY CHRISTENSEN
    The Aim Higher Act would let borrowers out of loans they could afford to pay back. Should the Democrats regain control of the House of Representatives in November, their largely unnoticed plan to forgive billions of dollars in student loans at taxpayer expense will be on the agenda. Many borrowers with the means to repay would qualify. The plan was devised by the top Democrat on the education committee, Representative Bobby Scott (Va.), as part of the Aim Higher Act, a reauthorization of student-aid programs. And earlier this month a group of Senate Democrats led by Jeff Merkley (Ore.) introduced...
  • Dems = Mobs, Illegals, Tax Increases, GOP = Jobs, Legals, Tax Cuts...period!!!

    10/20/2018 4:22:38 AM PDT · by JLAGRAYFOX · 18 replies
    The headline tells the whole story, folks, Vote for any Democrat, and you will get "Uncontrolled & Violent, Mobs, Tons of Illegal Aliens, deadly, Criminal sorts, Murderers, Rapists, Thieves, Drug Dealers of all types and, tons of Tax Increases, & bloated, running wild, big criminal, inefficient, government, across the board". Vote for any Republican, and you will get good, high paying Jobs, only Legal, Fully Vetted Immigrants, and, of course, Tax Cuts...across the spectrum of the nation. Bottom Line: Folks, you better wakeup, because the Democrat Party, nationwide does not only to be defeated in this upcoming Mid-Term Election, it...
  • Facebook co-founder wants to repeal Trump tax cuts to pay for a $500 per month basic worker income

    10/18/2018 7:30:53 AM PDT · by 2ndDivisionVet · 76 replies
    CNBC ^ | October 18, 2018 | Berkeley Lovelace Jr.
    • Facebook co-founder Chris Hughes says the federal government could give U.S. workers a stipend of $500 per month by repealing the Trump tax cuts. • Hughes, an advocate for a basic income, argues that less than a third of Americans have reaped the benefits of the president's tax cuts. Facebook co-founder Chris Hughes said Thursday the federal government could give U.S. workers a stipend of $500 per month by repealing the tax cuts passed late last year. Hughes, author of "Fair Shot: Rethinking Inequality and How We Earn" and an advocate for a basic income, argued that less than...
  • How the candidates for governor would fix the traffic mess (Connecticut)

    10/17/2018 10:51:47 AM PDT · by Tolerance Sucks Rocks · 13 replies
    The Connecticut Post ^ | October 13, 2018 | Bill Cummings
    More than 300 bridges in Connecticut — carrying 4.3 million vehicles daily — are considered structurally deficient. Highways in the Bridgeport-Stamford area are so congested motorists waste 49 hours a year in bumper-to-bumper traffic. And 62 percent of Connecticut’s major roads are in such poor condition they cost motorists $681 annually in vehicle repairs, according to TRIP, a national transportation think tank. Given those challenges, the three men seeking to replace Gov. Dannel P. Malloy could be making transportation the centerpiece of their campaigns. But instead, these candidates for governor are offering mostly modest plans to fix the state’s infrastructure...
  • VIEW FROM AROUND THE STATE: Time to get real about roads and revenue

    10/17/2018 6:52:53 AM PDT · by Tolerance Sucks Rocks · 12 replies
    The Daily Reporter ^ | October 16, 2018 | The Associated Press
    f you want good roads, you have to pay for them. It’s not just the politicians in Madison and Washington, D.C., who have failed to learn that lesson. It’s the people of Wisconsin, too.
  • Are voters ready to tax pollution?

    10/16/2018 7:42:48 AM PDT · by yesthatjallen · 15 replies
    The Hill ^ | 10/16/18 | DANIEL COHAN
    If states are “laboratories of democracy,” ballot initiatives in Washington and California next month will test whether voters are willing to tax pollution, and how the revenue should be spent. These experiments will provide crucial insights for shaping climate initiatives elsewhere. In Washington state, Ballot Initiative 1631, also known as the Carbon Emissions Fee Measure or the Protect Washington Act, would impose a fee on the state’s largest industrial polluters. The fee would start at $15 per ton of carbon dioxide in 2020, and rise by $2 per year plus inflation thereafter. That’s nowhere near the more than $100 per...
  • What Trump's tax story says about media manipulation (Sharyl Attkisson)

    10/14/2018 3:45:46 PM PDT · by yesthatjallen · 28 replies
    The Hill ^ | 10/14/18 | SHARYL ATTKISSON
    The first hint came about a month and a half ago. A well-connected Democrat laid out a new scenario to me. It went something like this: “Democrats will take over the House and possibly the Senate after the midterms. We’ll demand that Trump release his tax returns. He won’t do it. The fight will become a legal battle. It’ll go to the Supreme Court. We’ll impeach him over it. That’s how we’ll finally get Trump.” I had a few reactions to this stated strategy. First, I can’t imagine that such an effort would reach fruition before 2020, when President Trump’s...
  • The creative accounting that allowed Jared Kushner to dodge paying income taxes is totally legal

    10/14/2018 3:15:33 PM PDT · by Innovative · 69 replies
    Business Insider ^ | Oct. 14, 2018 | Ellen Cranley
    A Saturday report from The New York Times found Jared Kushner, President Donald Trump's son-in-law and senior adviser, paid little to no federal income taxes from 2009 to 2016 using legal tax mechanisms. An IRS policy known as depreciation is a deduction Kushner Cos. used to diminish its taxable income on properties largely bought with borrowed money. Though not illegal, the filings show how real estate tax codes leave room for profitable maneuvering. The New York Times found Jared Kushner, President Donald Trump's son-in-law and senior adviser, paid little to no federal income taxes from 2009 to 2016 — without...
  • Here are the 12 constitutional amendments on Florida’s 2018 ballot and what they do

    10/12/2018 6:38:41 AM PDT · by Red Badger · 32 replies
    www.miamiherald.com ^ | June 14, 2018 01:56 PM Updated October 09, 2018 10:19 AM | By Elizabeth Koh
    TALLAHASSEE When Floridians head to the ballot box in November, they will encounter a list of candidates asking for their vote for seats in the state House to the U.S. Senate. Among the choices they must make will also be one of the longest lists of proposed constitutional changes in decades, from betting on dog racing to implementing a ban on public officials lobbying for six years after they leave office. The 12 constitutional amendments on this year’s ballot are the most since 1998, when the state’s Constitution Revision Commission — which meets once every 20 years — put nine...