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Keyword: taxes

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  • Caterpillar won't build North American plant in Illinois

    02/09/2012 6:52:11 AM PST · by 1rudeboy · 33 replies
    PEORIA -- Caterpillar Inc. will not be building its new North American plant anywhere in the state of Illinois, officials with the company told local leaders Tuesday, with part of the reason being continued concerns about the business climate in the state. The company will instead focus on a location closer to its division headquarters in Cary, N.C., Peoria County officials were told in an email sent to them shortly after the close of business and later obtained by the Journal Star. The plant stood to bring with it from Japan roughly 1,000 jobs manufacturing track-type tractors and mini hydraulic...
  • Pension reform down, taxes up

    02/08/2012 2:15:03 PM PST · by landsbaum · 3 replies
    Two sweeping public employee pension reform measures won’t be placed on the November ballot, as their backers couldn’t raise the $2 million or so to mount petition drives for either, it was announced today. And if you think that’s bad, consider the fact that three huge tax increase measures are likely to be on the ballot, as our editorial today notes...
  • WI: Unions ask Democrats in Walker recall to make veto pledge (Falk signs)

    02/08/2012 1:04:16 PM PST · by MNlurker · 31 replies
    JS Online ^ | 2/8/2012 | Jason Stein
    Union leaders are asking Democratic candidates for governor to veto the next state budget if it doesn't restore collective bargaining for public workers and at least one leading candidate - Kathleen Falk - has agreed, participants in the private meetings say.
  • Dependency Index Surges 23% Under President Obama

    02/08/2012 10:33:59 AM PST · by Hunton Peck · 11 replies
    Investors Business Daily ^ | 2/8/2012 | JOHN MERLINE
    The American public's dependence on the federal government shot up 23% in just two years under President Obama, with 67 million now relying on some federal program, according to a newly released study by the Heritage Foundation. The conservative think tank's annual Index of Dependence on Government tracks money spent on housing, health, welfare, education subsidies and other federal programs that were "traditionally provided to needy people by local organizations and families." The increase under Obama is the biggest two-year jump since Jimmy Carter was president, the data show. The rise was driven mainly by increases in housing subsidies, an...
  • Illegal Immigrants Pay Income Tax, Won't Get Deported Says Initiative

    02/08/2012 10:34:05 AM PST · by moonshinner_09 · 20 replies‎ ^ | Feb 08, 2012 | Brooke Holmquist
    SACRAMENTO, Calif- A new tax proposal could be the answer to our state's budget mess. The proposal? Tax illegal immigrants. The people behind the initiative said they can get illegal immigrants to pay income taxes, but first the Governor must get a promise from the federal government, it won't go after anyone here illegally and is part of the program. "Trying to get the federal government to not spend resources on those folks who are filing and paying I don't know why that would come about, I would suspect some sort of political motivation in Sacramento visa vie Washington." Attorney...
  • California voters may face triple tax-hike threat

    02/08/2012 9:50:33 AM PST · by landsbaum · 16 replies
    The Orange County Register ^ | 2-8-2012 | Orange County Register editorial boarad
    It's not good when people want to raise taxes. But, ironically, it may turn out to be good that so many different people want to raise taxes in California. It appears increasingly likely that three competing tax initiatives will appear on the November ballot, which could result in voters rejecting them all. We don't often agree with Gov. Jerry Brown, who is pushing one of the three tax increases. But we do agree with the governor that several initiatives on the same ballot could confuse voters and divide the pro-tax vote, resulting in none of them passing. The difference is...
  • When Is a Tax Cut Not a Tax Cut?

    02/08/2012 6:49:26 AM PST · by SeekAndFind · 8 replies
    American Thinker ^ | 02/08/2012 | Henry Percy
    When it spawns a new tax. Remember last December when our public "servants" in Washington "gave" working folk tax relief in the form of a payroll tax holiday? Yay! An early Christmas! Thank you Santa! Well, they needed to "pay" for this generosity somehow, so our dear Congresscritters and president devised a brand new tax--sorry, fee--on home mortgages originating from Fanny Mae and Freddy Mac, or about 90% of all new mortgages. Let's look at some of the salient features of this political sleight-of-hand: •The fee is not broken out as a separate line item in the loan paperwork, it's...
  • Newt, Nancy Pelosi and the Nadir of American Politics

    02/07/2012 4:50:17 PM PST · by billflax · 31 replies
    Forbes ^ | 02/07/2012 | Bill Flax
    Nowhere is the haughtiness of American politics better displayed than with our dueling former Speakers. The latest love spat between Newt Gingrich and Nancy Pelosi illuminates America’s sorry political state. She keeps coyly insinuating she knows something and will time its release for maximum damage. It appears Mr. Gingrich is finished anyway, and I’m no fan. His infidelities trouble me. His overarching concern seems to be Newt Gingrich, a not uncommon trait in politicians, but hardly the attribute of a transcendent leader. His prior associations with Mrs. Pelosi promoting Cap and Trade and frequent policy flip-flops reveal an unscrupulous opportunist....
  • No Senate Budget But It Ponders Buffett Rule Law

    02/06/2012 5:26:55 PM PST · by Kaslin · 3 replies
    IBD Editorials ^ | February 6, 2012
    Taxes: The Senate hasn't passed a budget in over a thousand days, yet it has time to consider one member's bill to make the no-growth logic of the administration's favorite billionaire the law of the land. Senate Majority Leader Harry Reid, Democrat from the state ranking among the highest in foreclosures and unemployment, would prefer leaving the ship of state to drift rudderlessly. "We do not need to bring a budget to the floor this year — it's done, we don't need to do it," Reid told reporters Friday. Reid's idea of getting things done is punting to a supercommittee...
  • ATR Opposes Retroactive Tax Hikes

    02/07/2012 2:24:53 PM PST · by 92nina · 6 replies
    ATR ^ | 2012-02-07 | Ryan Ellis
    As a general matter, retroactive tax hikes are bad tax policy and even worse governance. There's a reason the Founding Fathers put a prohibition on "ex post facto" laws in the Constitution. When it comes to taxes, it's not fair for employers and families to comply with the tax code only to find that the rules then changed after the fact, and after it's too late to do anything about your original choice. It's "heads I win, tails you lose" government at its worst. Yet that is precisely what Senate Finance Committee Chairman Max Baucus (D-Mont.) is proposing to do...
  • Does paying taxes earn you something more than those who don’t pay?

    02/07/2012 10:34:03 AM PST · by landsbaum · 19 replies
    We're sure there will be those who read this post and blame the messenger, yours truly. But we’re just passing along a suggestion from a reader. Here goes: “…here is a fair idea for all us tax payers. In the investing world, shareholders get 1 vote for each share they own. . ."
  • Thoughts on Fair Taxation

    02/06/2012 8:19:14 PM PST · by bthockey · 11 replies
    The Band Of Patriots ^ | 1/6/12 | Bryan Thomas
    President Obama is now campaigning all of the country in the name of “fairness” especially how it relates to the US Tax Code. According to President Obama, “fair” means a progressive tax (where as one makes more money, they pay a higher percentage in taxes). What he’s trying to do through his “fairness” campaign is make the progressive tax more progressive by increasing tax rates on those that have higher incomes. According to the Obama administration, it is more “fair,” to raise taxes on the rich. I’m here to tell you that this isn’t true. Of course all of that...
  • The Root of All Evil

    02/06/2012 5:05:11 PM PST · by gabriellah · 3 replies
    TheCollegeConservative ^ | 02/06/2012 | Christin Lopac
    The state of the world is undoubtedly disturbing. Our President has proposed that the Federal Government become involved in mortgages, the United Nations is considering more foreign adventures, and Europeans are still attempting to prevent Greece from defaulting on its crushing debt from decades of socialist policies. Many wonder, “How did we (the West) get here?” True, most European nations have never been what the United States was at its founding. But, it is not only Europe that has strayed far. The United States is among the worst, considering the basic principles of the Founders. So, how did we get...
  • Surprise! Borrowers get to pay for payroll-tax holiday (All costs get passed to consumers. Always)

    02/06/2012 1:06:03 PM PST · by SeekAndFind · 2 replies
    Hotair ^ | 02/06/2012 | Ed Morrissey
    So you think you got a payroll-tax holiday for free? Think that the big fat-cat mortgage lenders will foot the bill as part of Obama’s promise to make the cut pay for itself? CBS’ Sharyl Attkisson delivers the wake-up call to home buyers, who will pay a pretty penny for the latest gimmick of Obamanomics:CLICK ABOVE LINK FOR THE VIDEO Guess what? The fees collected won’t even cover the loss to the Social Security fund. It’s going into the general fund instead. Meanwhile, the Obama administration says to quit whining and suck it up so that we can recapitalize the...
  • Thieves preying on tax returns, IRS says

    02/06/2012 10:03:27 AM PST · by SoFloFreeper · 8 replies
    - If you haven't filed your tax return yet, someone may have filed it for you. The federal government has stepped up efforts to get between identity thieves and their latest targets: fat tax refunds. Last week, the Internal Revenue Service announced that 105 people in 23 states had been targeted as part of a national identity theft crackdown involving the potential theft of thousands of identities and taxpayer refunds. At one IRS office in Florida, at least a dozen tax filers said they spent hours in line to report someone had already filed their returns - with the tax...
  • Wisconsin: State urging online buyers to pay tax

    02/05/2012 4:09:11 PM PST · by Jean S · 29 replies
    Milwaukee Journal-Sentinel ^ | 2/5/12 | Marissa Evans
    Letter, new form reminding taxpayers of their obligation Wisconsin taxpayers could find themselves digging through more receipts than usual this tax season as the state Department of Revenue makes another effort to collect taxes on out-of-state purchases. In a letter, the department is asking taxpayers to look through their records from 2007 to 2010 to find any taxes on out-of-state purchases that may have been overlooked and send in payments by Feb. 17. "The real mission is to help make sure (taxpayers) understand tax law and to remind taxpayers about their responsibility to pay the use tax," said Jennifer Western,...
  • EDITORIAL: Big spenders on the Chesapeake

    02/05/2012 3:09:20 PM PST · by Tolerance Sucks Rocks · 7 replies
    The Washington Times ^ | February 3, 2012 | The Washington Times
    Maryland Gov. Martin O'Malley may be more skilled at implementing President Obama’s agenda than the White House itself. The Democratic governor is bringing the same big-spending, high-tax and class-warfare policies to the Free State. It’s going to cost residents a bundle. Tough economic times have forced ordinary Americans to cut back in order to get by. Not so Mr. O’Malley, who spends $35.9 billion in the budget released last month. That’s up from $34.2 billion last year and $32 billion the year before that. As Maryland Business for Responsive Government points out, the general fund budget fattened 11.4 percent last...
  • Why Your 2012 Tax Bill May Jump By $8,000

    02/04/2012 9:37:56 AM PST · by Qbert · 76 replies
    Daily Finance ^ | 02/03/12 | DAN CAPLINGER
    From Mitt Romney to Warren Buffett, people are clamoring for fairer taxes. But thanks to yet another lapse by our lawmakers in Washington, more than 20 million taxpayers may pay a tax that was originally designed to hit only the ultra-rich -- and the increase could cost you as much as $8,000. When it was first designed, the alternative minimum tax, or AMT, was meant to make taxes more fair. The idea behind the AMT was to make sure that rich people didn't use deductions to zero out their taxes every year. Because of inflation, though, the AMT threatens to...
  • Komen Funding Flap Exposes Planned Parenthood's Lie

    02/03/2012 4:30:57 PM PST · by IBD editorial writer · 14 replies
    Investor's Business Daily ^ | 2/3/2012 | IBD Staff
    On the surface, the Komen Foundation's reversal of its Planned Parenthood grant cut-off shows the left's power to enforce conformity. What it really reveals is that Planned Parenthood doesn't need taxpayer support.
  • Many missed the point: Obama quoting Jesus means ALL elected officials get to do the same

    02/03/2012 8:45:30 AM PST · by Laissez-faire capitalist · 26 replies
    2/3/2012 | Laissez-faire Capitalist
    Obama's erroneous interpretation of Luke 12:48, which drew a rebuke from Sen. Orrin Hatch (over the invoking of the scripture not the interpretation of it) now opens up the door for ALL elected officials to talk about Jesus and how His words apply to political positions or policies on a host of issues, be it tax policy, marriage, the sanctity of life, abortion etc. while some already have done this... You see, others have talked about "God" and "my faith dictates that I do this or that" but never has anyone went so far as to invoke Jesus' name in...