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Keyword: taxes

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  • The Romney Tax Plan - In Beer Drinking

    10/21/2012 5:44:21 AM PDT · by txzman · 6 replies
    Mr. Conservative Blog ^ | January 12' 2012 | David R. Kamerschen, PHD
    Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this… The first four men (the poorest) would pay nothing The fifth would pay $1 The sixth would pay $3 The seventh would pay $7 The eighth would pay $12 The ninth would pay $18 The tenth man (the richest) would pay $59 So, that’s what they decided to do. The ten men drank in the bar every day and seemed quite happy with the...
  • 2013 State Business Tax Climate Index Minnesota in the Bottom 10

    10/20/2012 9:06:46 AM PDT · by TurboZamboni · 6 replies
    A Stronger Minnesota ^ | 10-17-12 | ASM
    The 10 lowest ranked, or worst, states in this years Index are: 41.Maryland 42.Iowa 43.Wisconsin 44.North Carolina 45.Minnesota 46.Rhode Island 47.Vermont 48.California 49.New Jersey 50.New York
  • CEOs Warn Congress of 'Grave Consequences' in Taxmageddon

    10/19/2012 12:52:47 PM PDT · by 92nina · 31 replies
    ATR ^ | 2012-10-18 | Rhett Brooks
    Today a letter was sent to the President and members of Congress by 15 CEOs from some of the largest financial institutions in the U.S. The 15 CEOs who signed the letter represent the Financial Services Forum, a non-partisan organization that deals specifically with financial and economic policy. In the letter, they urge for the avoidance of the coming Taxmageddon and warn of the dire effects that inaction would have on the economy: The consequences of inactionfor stability in global financial markets, for economic growth, for millions of Americans still without work, and for the financial circumstances of American businesses...
  • Obama Wants More Money

    10/19/2012 5:40:55 AM PDT · by Kaslin · 3 replies ^ | October 15, 2012 | Mona Charen
    President Obama has declined to outline a second term agenda. He doesn't say what he would do about the fiscal cliff that looms in just a couple of months. He hasn't addressed the glaring challenge of an aging population and entitlement spending that is careening toward insolvency. (On the contrary, he has significantly hastened the emergency by piling on new entitlement spending.) He hasn't proposed policies to improve the economy. He promises nothing more on Iran than to maintain ineffective sanctions. We can glean this much: He'd like to hire 100,000 new teachers and he wants to raise taxes on...
  • Big Banks Blast Washington: Fix the Fiscal Cliff Now!

    10/18/2012 5:29:08 PM PDT · by Innovative · 8 replies
    Yahoo News ^ | Oct 18, 2012 | Matt Nesto
    This morning the Financial Services Forum -- a group of the nation's top bankers -- sent a letter to the White House and Congress warning that our country is facing grave consequences if nothing is done to address the fiscal cliff that's set to inflict over a trillion dollars of automatic budget cuts and tax increases on January 1st. 15 bank CEO signatories along with the group's president & CEO are not only calling on Washington to "negotiate a bi-partisan agreement as quickly as possible" to address the cliff, but are also urging lawmakers to ''restore the nation's long-term fiscal...
  • On women, taxes, Hispanics, Romney primary message now shifts to Blue States as Election Day nears

    10/18/2012 12:10:32 PM PDT · by SeekAndFind · 3 replies
    Washington Post ^ | 10/18/2012
    LEESBURG, Va. On immigration, taxes and womens issues, Mitt Romney is abandoning his severely conservative talk of the Republican primary season and moving sharply to the political center as he looks to sway on-the-fence voters in the campaigns final three weeks. At the same time, the GOP presidential nominees advisers and the Republican National Committee are looking to give Romney more routes to reaching the 270 Electoral College votes needed for victory. They are weighing whether to shift resources from North Carolina, where Republicans express confidence of winning, into states long considered safe territory for President Barack Obama, including...
  • Top Five Obama Tax Falsehoods from Second Debate

    10/18/2012 9:52:49 AM PDT · by 92nina · 2 replies
    ATR ^ | 2012-10-17 | John Kartch and Ryan Ellis
    1. Obama: Four years ago, I told the American people I would cut taxes for middle class families. And I did. Reality: Obama has clearly broken his 2008 firm pledge not to sign any form of tax increase on families making less than $250,000. Of the twenty new or higher taxes in Obamacare, no fewer than seven of the taxes fall directly on middle class families, and many more will raise costs indirectly for these families. Of recent note, Obama has altered his tax pledge: In a second term, he only promises not to raise income taxes on those making...
  • Stick-it-to-rich tax plan may backfire on France

    10/18/2012 5:33:51 AM PDT · by COBOL2Java · 18 replies
    The Washington Times ^ | 19 October 2012 | Maya Vidon-White - Special to The Washington Times
    PARIS Frances Socialist government is proposing a slew of taxes on art, on businesses, on the rich that are drawing criticism for stifling entrepreneurship and scaring off the wealthy. Unfortunately, I think the politics we are leading in France will turn out to be catastrophic for the economy, which is already in bad shape, said French economist Marc Touati, author of When the Eurozone Explodes. This is a serious mistake, something you learn in [Economy 101] it will aggravate the recession and therefore shrink the tax base. Led by President Francois Hollande, the French government proposed...
  • Officials: Obama ready to veto a bill blocking fiscal cliff without tax hike for rich

    10/18/2012 8:59:56 AM PDT · by SeekAndFind · 25 replies
    Washington Post ^ | 10/18/2012 | By Lori Montgomery
    President Obama is prepared to veto legislation to block year-end tax hikes and spending cuts, collectively known as the fiscal cliff, unless Republicans bow to his demand to raise tax rates for the wealthy, administration officials said. Freed from the political and economic constraints that have tied his hands in the past, Obama is ready to play hardball with Republicans, who have so far successfully resisted a deal to tame the debt that includes higher taxes, Obamas allies say. In the days after the November election, the tables will be turned: Taxes are scheduled to rise dramatically in January for...
  • Class Warfare: The Mortal Enemy Of Economic Growth And Jobs

    10/18/2012 6:35:26 AM PDT · by SeekAndFind · 5 replies
    Forbes ^ | 10/18/2012 | Jim Powell
    Our economy is lousy, the labor force participation rate is the lowest in 31 years, weve had 43 consecutive months with unemployment over 8 percent, and a record 47 million people are on food stamps, so one might expect President Obama would welcome as much help as he could get. Surely he would want private sector job creators investors and entrepreneurs to have the strongest possible incentives for turning around this Obama recovery where household incomes are falling faster than they fell in the Bush recession. But Obamas priority is class warfare. Thats why he relentlessly denounces job...
  • Total Welfare Spending Now at $1 Trillion (Gov't. only has three choices left: Tax, Print or Borrow)

    10/18/2012 6:45:13 AM PDT · by SeekAndFind · 42 replies
    National Review ^ | 10/18/2012 | NRO Staff
    Total annual spending on federal means-tested welfare programs has hit $1 trillion. The Congressional Research Service is out with a new memorandum on spending on these programs. Senator Jeff Sessions, the ranking Republican on the Senate budget committee who requested the memo, has crunched the numbers and come up with the astonishing figure of $1 trillion in annual total spending on these programs as of fiscal year 2011, nearly $750 billion in federal dollars and another roughly $250 billion in state funding. Senator Sessions explains: Ranking Member Sessions and the minority staff of the Senate Budget Committee requested from...
  • Obamas Trillion Dollar Tax-Cut Fraud (Fairly Assessing Romney's Tax Plan)

    10/18/2012 6:41:56 AM PDT · by SeekAndFind · 4 replies
    National Review ^ | 10/18/2012 | Alan Reynolds
    Two days before the last nights presidential debate, the Washington Posts frenetic blogger Ezra Klein wrote that Romneys tax cuts cost $5 trillion over 10 years before his (unnamed) offsets. Extending the Bush tax cuts on income over $250,000 adds another $1 trillion. Then theres the $2 trillion in new defense spending. So before Romney can cut the deficit by a dime, he has to come up with $8 trillion in offsets and savings for these plans. Obama echoed Kleins remarks quite closely in the second debate, but the figures are pure fiction. One part of the ruse, the $5...
  • Our Greek Tragedy

    10/17/2012 6:55:42 PM PDT · by Tolerance Sucks Rocks · 6 replies
    Personal Liberty Digest ^ | October 17, 2012 | John Myers
    Regardless of who the President is after this close election, the equity markets and the U.S. economy are in trouble. Debt has spread throughout the Western world. The fallout is political dissonance, growing economic hardship and, in some places, mob violence.Ground zero for the spreading fear and panic is Greece, which was once the world’s greatest civilization and the birthplace of democracy, poetry and philosophy.There is violent evidence of the contradiction from what the ancients taught and what is unraveling in Greece. It would all just be another boring story at the end of the news day, except there is...
  • Michelle Obama: 'On Nov. 7 We're Going to Party Hard'

    10/17/2012 12:03:20 PM PDT · by COUNTrecount · 111 replies
    Weekly Standard ^ | Oct. 17, 2012 | DANIEL HALPER
    The Blog Michelle Obama: 'On Nov. 7 We're Going to Party Hard' 2:00 PM, Oct 17, 2012 By DANIEL HALPER Single Page Print Larger Text Smaller Text Alerts At a fundraiser today in New York, First Lady Michelle Obama expressed confidence in her husband's chances for reelection. "On Nov. 7 we're going to party hard," she said. Election Day this year is November 6. From the pool report: "After hearing my husband talk about his values and his vision at the debate last night, I'm pretty fired up," she said. "Let me tell you, I am so glad last...
  • Video: Luntz focus group unloads on Obama after debate

    10/17/2012 8:20:54 AM PDT · by Ernest_at_the_Beach · 60 replies
    Hot Air ^ | 8:41 am on October 17, 2012 | Ed Morrissey
    In my estimation, last nights debate was a draw. Both men did what they needed to do for the debate, but neither had enough of a breakout performance to make much of a difference in the race. Id expect to see very little impact to the Mitt-mentum that developed after the first debate, for reasons which Ill address in a moment.That wasnt the conclusion reached by Frank Luntz focus group of former Barack Obama voters, and now undecideds, in Nevada. That panel overwhelmingly chose Mitt Romney as the winner, with observations about Romneys presidential mien and Obamas defensiveness and lack...
  • From Facebook...Does this make sense to you?

    10/17/2012 9:02:46 AM PDT · by The Louiswu · 46 replies
    Facebook post | 10/17/12 | Jeb Banner
    Romney loves to say that lowering taxes on companies will create jobs. This is spoken like some gospel truth. I actually stopped to think this through tonight and came to a much different conclusion. I believe that higher taxes actually encourages increased hiring and investment. Why? Because, as a small biz employer (structured as an S Corp) all company profit flows through to my (and Joe Downey's) personal taxes. As both candidates regularly note, 90%+ of all businesses are structured this way. So if you reduce my tax rate then I'm more likely to take money out of the company...
  • Georgia's Super Speeder Law

    10/16/2012 5:29:36 AM PDT · by cuban leaf · 47 replies
    State of Georgia ^ | 1/1/2010 | State
    New State Law Gets Tough on Illegal Speeders NEW SUPER SPEEDER LAW STARTS NEW YEAR WITH NEW FINES (JANUARY 1, 2010) Georgia drivers should mark that date on their calendars and put a sticky note next to their keys.. January 1st, 2010. Its the day the new state Super Speeder Law goes into effect in Georgia. And any high-risk drivers who make a habit of ignoring posted speed limits will be the first to feel the pinch of higher state fines (called fees) on their wallets. How much higher? The new law titled HB160 tacks-on another two-hundred-dollar state-fee for any...
  • How the Obama-Biden Plan Raises Taxes on One Million Small Businesses

    10/16/2012 12:39:14 PM PDT · by 92nina · 1 replies
    ATR ^ | 2012-10-16 | Ryan Ellis
    The Obama-Biden tax plan calls for a hike in the small business tax rate from 35 percent today to over 40 percent next year. President Obama and his supporters will often argue that only three percent of small business owners will be affected by his tax rate hike. While this is true, it masks the fact that this is a tax increase on one million successful small businesses (i.e. three percent of the 30 million small business tax returns filed annually). The Obama-Biden plan will raise taxes on a majority of small business profits and hit those companies which employ...
  • EU: French business erupts in fury against "disastrous" Hollande

    10/15/2012 10:17:08 PM PDT · by bruinbirdman · 18 replies
    The Telegraph ^ | 10/15/2012 | Ambrose Evans-Pritchard
    France is sliding into a grave economic crisis and risks a full-blown hurricane as investors flee rocketing tax rates, the countrys business federation has warned. Francois Hollande is tightening fiscal policy by 2pc of GDP next year to meet EU deficit targets The situation is very serious. Some business leaders are in a state of quasi-panic, said Laurence Parisot, head of employers group MEDEF. The pace of bankruptcies has accelerated over the summer. We are seeing a general loss of confidence by investors. Large foreign investors are shunning France altogether. Its becoming really dramatic. MEDEF, Frances equivalent of the CBI,...
  • French business erupts in fury against "disastrous" Franois Hollande

    10/16/2012 6:51:02 AM PDT · by LucianOfSamasota · 33 replies
    The Telegraph ^ | 15 Oct 2012 | Ambrose Evans-Pritchard
    France is sliding into a grave economic crisis and risks a full-blown hurricane as investors flee rocketing tax rates, the countrys business federation has warned. The situation is very serious. Some business leaders are in a state of quasi-panic, said Laurence Parisot, head of employers group MEDEF. The pace of bankruptcies has accelerated over the summer. We are seeing a general loss of confidence by investors. Large foreign investors are shunning France altogether. Its becoming really dramatic. MEDEF, Frances equivalent of the CBI, said the threat has risen from a storm warning to a hurricane warning, adding that the Socialist...