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Keyword: taxhikes

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  • New Republican Super Committee member: We can’t rule anything out, including tax hikes

    08/12/2011 8:17:20 AM PDT · by SeekAndFind · 29 replies
    Hotair ^ | 08/12/2011 | Allahpundit
    I think he means this as a generic gesture of goodwill, i.e. let’s not start drawing lines until we’ve at least met face to face, but I bet a lot of grim, knowing glances and nods are being exchanged at Americans for Tax Reform right now. A leading Republican lawmaker would not rule out tax increases on Thursday if they could boost economic growth, adding that “everything is on the table” for a congressional panel charged with forging a deal to cut the deficit.Representative Dave Camp, head of the tax-writing Ways and Means Committee in the House of Representatives, told...
  • Most Voters Fear Debt Deal Will Raise Taxes Too Much, Cut Spending Too Little

    07/22/2011 9:04:05 AM PDT · by MissesBush · 35 replies
    While Washington wrangles over how to avoid defaulting on the government’s massive debt load, voters are worried the final deal will raise taxes too much but won't cut spending enough. The latest Rasmussen Reports national telephone survey finds that 62% of Likely U.S. Voters are worried more that Congress and President Obama will raise taxes too much rather than too little in any deal to end the debt ceiling debate. Just 26% fear they’ll raise taxes too little. Twelve percent (12%) aren’t sure. (To see survey question wording, click here.) Similarly, 56% worry that Congress and the president will cut...
  • "New Revenues." Enough Double Speak...Call Them What They Are---HIGHER TAXES!

    07/19/2011 2:22:26 PM PDT · by MissesBush · 30 replies
    07/19/11 | Misses Bush
    Am I the only one who's had it about 25 feet over my head with the Democrat and media double speak of referring to tax hikes as "new revenue?" Just today I heard on ABC's radio news broadcast Ann Compton refer to this feckless Gang of Six proposal as "increasing revenue." Politico reporting on Obama's latest bull fest dressed up as a press conference said the following "Obama urged congressional leaders to embrace the “Gang of Six” proposal, which would slash the deficit by $3.7 trillion over 10 years, in part by raising about $1 trillion in new revenue." Why...
  • The Beltway's Favorite Tax Metaphor (Massive Media Joke Calling Obama the "Adult" in Debt Talks)

    07/19/2011 9:10:54 AM PDT · by MissesBush · 10 replies
    The Wall Street Journal ^ | 07/19/11 | William McGurn
    In a Washington deadlocked over taxes and spending, there is nothing more cherished than its favorite metaphor—and nothing more revealing about the way our Beltway establishment thinks. Look at the ongoing negotiations over raising the debt ceiling. Almost from the beginning, President Obama has been described as being, or hoping to position himself as, "the adult in the room." This has become the received metaphor, operating as a sort of Gresham's law of political dialogue: Once introduced, it drives out most any other possible language. Here are just a handful of examples from the past few weeks: "Leading off: The...
  • On Deficit, Americans Prefer Spending Cuts; Open to Tax Hikes

    07/13/2011 4:13:00 PM PDT · by CharlyFord · 7 replies
    Gallup ^ | July 13, 2011 | Jeffrey M. Jones
    PRINCETON, NJ -- Americans' preferences for deficit reduction clearly favor spending cuts to tax increases, but most Americans favor a mix of the two approaches. Twenty percent favor an approach that relies only on spending cuts and 4% favor an approach that uses tax increases alone. These results are based on a July 7-10 Gallup poll, conducted as government leaders from both parties continued negotiating an agreement to raise the federal debt limit. Both Republicans and Democrats appear willing to raise the debt limit, provided the government outlines plans to significantly reduce federal deficits in the future. The parties generally...
  • Conservative Ben Stein Calls For Tax Hikes on Millionaires, Billionaires (say it ain't so!)

    07/11/2011 7:23:27 PM PDT · by markomalley · 103 replies
    CNS News ^ | 7/11/11 | James Zilenziger
    Ben Stein, an economist, actor, and conservative writer, said taxes should be raised on millionaires and billionaires to help reduce the federal deficit. “I am in favor of greatly raising the taxes on very wealthy people, millionaires and billionaires. I wouldn't raise the taxes on people making $250,000 a year,” said Stein in a June 29 interview on The O’Reilly Factor, guest-hosted by Laura Ingraham. Earlier, on June 25, Stein had told Cavuto on Business, “We've got to raise taxes. There's just no way around it. The deficit situation is so serious that while I wish we did not have...
  • Boehner: Tax hikes are “off the table”

    05/10/2011 12:48:50 PM PDT · by SeekAndFind · 13 replies
    Hotair ^ | 05/10/2011 | Ed Morrissey
    Today’s Matt Lauer discusses Pakistan with Speaker John Boehner to start off this Today interview, but the talk quickly turns to the budget. Lauer asks the depressingly silly question of whether the post-Osama operation “unity” will disappear in the upcoming debate over the budget, a question which Boehner wisely ignores. Lauer then says that the debate over the debt ceiling will make the fight over the FY2011 budget look like “child’s play,” to which Boehner agrees. This is the main event in fiscal policy, and it will take a titanic struggle to find our way through it. It’s an opportunity...
  • Boehner Lays Down the Debt-Ceiling Gauntlet

    05/10/2011 5:37:07 AM PDT · by Kaslin · 46 replies ^ | May 10, 2011 | Larry Kudlow
    House Republican Speaker John Boehner will give an important policy speech on the debt ceiling tonight at the Economics Club of New York. This is probably the key paragraph (taken from an advanced look at the speech): “So, let me be as clear as I can be. Without significant spending cuts and reforms to reduce our debt, there will be no debt-limit increase. And the cuts should be greater than the accompanying increase in debt authority the president has given. We should be talking about cuts of trillions, not just billions.” In plain English, Mr. Boehner is making this suggestion:...
  • Obama’s latest solution to the deficit: spending, ObamaCare, and tax hikes (so what's new?)

    04/13/2011 12:09:15 PM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 04/13/2011 | Ed Morrissey
    We expected Barack Obama to offer little new in his speech on the budget; I’m not sure we expected as much repetition as we got. Bookended by rhetoric on the kind of America in which he wanted to live, Obama gave a four-step plan to confront the massive and crippling deficits ahead of us that entirely relies on the kind of proposals he’s already aired in the past. He gave little in the way of specifics, and made no mention at all of his deficit commission again. Instead of offering specifics on cuts, Obama instead offered specifics on … more...
  • Republicans scuttle Palin's oil tax increase

    04/01/2011 9:40:39 AM PDT · by Extremely Extreme Extremist · 110 replies
    GOP 12 ^ | 01 APRIL 2011 | GOP 12
    Sarah Palin's record as governor of Alaska has largely gone unchallenged by conservatives, despite the fact that one of her signature legacies was imposing an oil profits tax -- a distinctly liberal idea. Now, Republicans in the state Legislature and Palin's own Republican replacement, Gov. Sean Parnell, have scored a victory in an attempt to reverse her tax hike. Democrats, though, stood strong with Palin in opposing any rollback on the tax hike.
  • Gov. Malloy Proposes Measure To 'Tax' Coupons (tax original, not sale price)

    02/27/2011 4:19:29 PM PST · by matt04 · 28 replies
    HARTFORD, Conn. -- Devotees of coupons and discounts are angry at Gov. Dannel P. Malloy's proposal to slap a new sales tax on the original price of a good or service rather than the discounted price. Ending the sales tax exemptions for coupons, discounts and automobile trade-ins are among tax exemptions Malloy has proposed ending to help close the state's projected $3.5 billion deficit. For example, the tax would be imposed on the $30 price of a blouse, not the $15 sales price. ... Like many avid couponers, Juliano pays little or nothing for items after matching coupons with sales....
  • Malloy to propose income and sales tax hikes, fewer exemptions

    02/15/2011 8:54:34 AM PST · by YankeeReb · 8 replies
    The CT Mirror ^ | 2/14/2011 | Keith M. Phaneuf and Mark Pazniokas
    Gov. Dannel P. Malloy intends to propose one of the largest tax increases in state history Wednesday, seeking $1.5 billion in new annual revenue from income tax hikes on the wealthy and middle classes, and new sales taxes on clothing and other long-exempt products and services. In a plan outlined Monday to The Mirror by his senior staff, Malloy also would extend the corporate tax surcharge for another two years and restrict tax credits for the motion picture industry, while modestly increasing incentives for research and development. The sales tax rate would change for the first time in 20 years,...
  • California Gov. Jerry Brown pushes tax hikes! (Why am I NOT surprised?)

    02/01/2011 8:07:33 AM PST · by SeekAndFind · 30 replies
    CNN Money ^ | 02/01/2011 | Tami Luhby
    Californians should decide whether they want to pay $12 billion more in taxes to help plug the state's massive budget shortfall, Gov. Jerry Brown said on Monday. In his State of the State address, Brown urged legislators to put his plan to extend income and sales tax hikes on the ballot in a special election in June. If they don't, the governor said the state will see even harsher spending cuts than the $12.5 billion he is proposing. "At this moment of extreme difficulty, it behooves us to turn to the people and get a clear mandate on how we...
  • CBS poll shows tax hikes favored by … 9% (Given choice between tax hikes and spending cuts)

    01/15/2011 12:00:35 PM PST · by SeekAndFind · 28 replies
    Hotair ^ | 01/15/2011 | Ed Morrisey
    The best part of this poll? The sampling follies at CBS don’t even really matter, although this poll’s sample is closer to reality than most. When given a choice between tax hikes or spending cuts, it turns out that 77% of Americans are Tea Partiers, as Jammie Wearing Fool says: [A CBS] News poll finds that Americans strongly prefer cutting spending to raising taxes to reduce the federal deficit. While 77 percent prefer to cut spending, just nine percent call for raising taxes. Another nine percent want to do both.Yet most Americans could not volunteer a program they’d be willing...
  • State job goes to ex-lawmaker who supported tax hike

    01/15/2011 7:57:58 AM PST · by sleeper-has-awakened · 7 replies
    Chicago Tribune ^ | 01-14-11 | Ray Long and Hal Dardick
    Quinn's office, former rep deny connection between vote, appointment SPRINGFIELD — Illinois Gov. Pat Quinn gave a nearly $86,000 state job to a former lame-duck lawmaker who supplied one of the votes needed to pass his major income tax increase, but the governor's office and former state Rep. Careen Gordon both said Friday that there was no connection between the actions. "In the seven years and couple weeks I was in the legislature, my vote was never for sale," Gordon said. "Sometimes, there's just no conspiracy." Gordon, a Democrat from Morris who recently moved to Chicago, said she first approached...
  • Illinois Democrats Tax Plan: Renewed Life, or Nail In The Coffin?

    01/11/2011 11:52:44 PM PST · by U of IL Conservative · 10 replies
    Self-published ^ | January 8, 2011 | Fritz Pfister
    Headline in today’s SJR Business section: "Bernanke optimistic on unemployment." Whoever wrote the headlines needs to be charged with journalistic malfeasance. Quoting the first paragraph of the AP article; "Federal Reserve Chairman Ben Bernanke sketched a more optimistic view of the economy Friday but said the Fed’s $600 billion bond-buying program is needed because unemployment will likely stay elevated for up to five more years." We need to print money out of thin air increasing the risk for a bond crisis that would result in hyperinflation and economic chaos while unemployment is going to stay high for another five years....
  • Why not Soak the Rich? (Not all of them are that wealthy, hurting them won’t help the rest)

    12/09/2010 7:34:38 AM PST · by SeekAndFind · 31 replies · 1+ views
    National Review ^ | 12/09/2010 | Victor Davis Hanson
    For the last two years, $250,000 in annual income has been an arbitrary line in the sand of a renewed class war. Those above it must have their income taxes raised. Those below it are deemed more virtuous and so deserving of a tax cut. But who exactly are the “rich”? Zillionaires such as Warren Buffett, Bill Gates, and George Soros surely are. But these wealthiest individuals have so much money at their disposal that they don’t care much about income-tax rates. Their tax lawyers have found ingenious ways to divert millions of what would be owed to Uncle Sam...
  • Balancing the Budget, without Tax Hikes (Balancing it in 10 years... but do we have 10 years?)

    12/07/2010 7:03:21 AM PST · by SeekAndFind · 13 replies
    National Review ^ | 12/07/2010 | Kevin D. Williamson
    Nick Gillespie and Veronique de Rugy share the bad news: Since Bill Clinton left the White House in 2001, total federal spending has increased by a massive 60 percent in inflation-adjusted 2010 dollars. In fiscal year 2010, which ended September 30, the federal government spent $3.6 trillion, or 25 percent of Gross Domestic Product. That’s the most spending, in terms of percentage of GDP, since 1946. Likewise, last year’s $1.5 trillion deficit, as a percentage of GDP, was the largest deficit since 1945. Most economists talk about a debt-to-GDP ratio of 60 percent as a trigger point that makes investors...
  • Tax Cuts Explained In a Way Even Dumbocrats Can Understand

    12/02/2010 7:11:45 PM PST · by The Looking Spoon · 7 replies
    The Looking Spoon ^ | 12-2-10 | Jared H. McAndersen
    I received this in an email years ago, now feels like now is the right time to dust this puppy off as a reminder to the idiots on the left who argue that extending the Bush tax cuts for only some taxpayers (or none) is a REALLY bad idea. I could post column after column with empty rhetoric and zero evidence to support my position like liberal columnists and bloggers have been doing for the past few weeks. Or I can just play WWJD and deliver this parable. :-) Last I checked the real author of this remains a...
  • The Impossible Dream (NY Times Columnist says to fix the deficits, we cannot avoid tax hikes)

    11/09/2010 6:48:59 AM PST · by WebFocus · 44 replies
    New York Slimes ^ | 11/09/2010 | Bob Herbert
    One of the most frustrating tendencies of mainstream leaders in the United States is their willingness, year after debilitating year, to embrace policies that have no hope of succeeding. From Lyndon Johnson’s mad pursuit of victory in Vietnam to George W. Bush’s disastrous invasion of Iraq to today’s delusionary deficit zealots, the tragic lure of the impossible dream seems never to subside. Ronald Reagan told us he could cut taxes, jack up defense spending and balance the budget — all at the same time. How’d he do? As his biographer Garry Wills tells us, the Gipper “nearly tripled the deficit...