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Keyword: taxincrease

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  • CBS News Poll: Most Oppose GOP Tax Plan (BARF)

    12/05/2010 12:15:33 PM PST · by ding_dong_daddy_from_dumas · 50 replies · 1+ views
    CBS News ^ | December 2, 2010 | Brian Montopoli
    The poll finds that 53 percent of Americans want the Bush-era tax cuts extended only for households earning less than $250,000 per year. That roughly matches the proposal put forth by the White House, which wants to extend the cuts only for incomes less than $250,000 for families and $200,000 for individuals. The poll finds that 53 percent of Americans want the Bush-era tax cuts extended only for households earning less than $250,000 per year. That roughly matches the proposal put forth by the White House, which wants to extend the cuts only for incomes less than $250,000 for families...
  • Are they willing to pay for 'frosting on the cake'? (LIBERAL BONEHEAD ALERT)

    12/05/2010 10:06:42 AM PST · by Chi-townChief · 16 replies
    Southtown Star - Chicago ^ | December 5, 2010 | PAM WOODWARD
    There is a critical debate in Congress right now about the looming expiration of the "Bush tax cuts" and whether those cuts should be extended. The proposal that most Americans seem to favor includes keeping the tax cuts for all family income under $250,000. Other discussion revolves around what to do with income above that level. Many Americans don't realize that our income tax system looks at income pretty much as you would look at a layer cake. The base layer is taxed at a certain level, the middle layer is taxed at a higher rate, and the percentage on...
  • Obama says he's not caving on tax cuts

    11/12/2010 3:27:45 AM PST · by tobyhill · 53 replies
    cnn ^ | 11/12/2010 | Ed Henry
    President Obama declared Friday that his "No. 1 priority" is preserving tax cuts for the middle class, and sharply denied that comments by his senior adviser David Axelrod suggest that his administration is about to cave in to Republicans who also want to extend the Bush tax cuts for the wealthy. "That is the wrong interpretation because I haven't had a conversation with Democratic and Republican leaders," Obama said of a Huffington Post article suggesting that in advance of negotiations with lawmakers next week, the White House has calculated that giving in on tax cuts for the rich is the...
  • NY Times: The Bush Tax Cuts and Fiscal Responsibility

    08/12/2010 9:04:56 AM PDT · by Oldeconomybuyer · 44 replies
    New York Times ^ | August 12, 2010 | Simon Johnson and James Kwak
    Critics say that this amounts to increasing taxes at a time of high unemployment, and that instead the tax cuts should be extended as a stimulus measure. This overlooks the fact that tax cuts are an inefficient form of stimulus, because many people choose to save their additional income instead of spending it. If the goal is to encourage growth and employment immediately, it would be better to let the tax cuts expire and dedicate some of the increased revenue to real stimulus programs. Alternatively, if some tax cuts are extended -- as it seems likely that at least those...
  • Bankrupt and Didn't Know It: No, some did know it and Democrats don't Care

    08/12/2010 8:01:13 AM PDT · by Alaphiah123 · 4 replies · 1+ views
    Creating Orwellian Worldview ^ | 8/12/10 | Alaphiah
    Laurence Kotlikoff’s Bloomberg article, “U.S. Is Bankrupt and We Didn’t Even Know It” is not accurate. (see article) Just after 4 months in office president Barry Hussein Soetoro interviewed with C-SPAN’s Steve Scully and told Scully that the United States of America was running in deficit. In Soetoro’s words, “…we are out of money now.” That was is May 23, 2009. (see 3:02min video) According to Mr. Kotlikoff what the Obama administration and the Democrat controlled Congress have been doing is not only wrong, Democrat policies are worsening America’s present and future. Let’s get real. The U.S. is bankrupt. Neither...
  • Will Democrats Pledge No Lame Duck?

    08/06/2010 7:08:35 AM PDT · by La Lydia · 13 replies · 1+ views
    Republican Study Committee Chairman Tom Price (R-GA) issued the following statement after Speaker Pelosi announced the House of Representatives would halt its scheduled August recess and return for legislative business next week. Prior to adjourning for recess, Chairman Price offered a privileged resolution on the floor of the House calling on Congress not to hold a lame duck session after Election Day for the purpose of passing hugely unpopular legislation like a national energy tax, enormous deficit spending bills, and the kickback to Big Labor known as “Card Check.” The House is expected to consider the Price Resolution next week......
  • We're All Honkies Now: Monstrous Obama Tax Hikes Soon to Bleed this Country White

    07/24/2010 7:35:32 AM PDT · by Reaganite Republican · 21 replies
    Reaganite Republican ^ | July 24, 2010 | Reaganite Republican
    Just wait until this hits the fan on December 31st -less than 6 mos from now: huge tax increases that will not only crush our frail economy, but go-against hours of hopenchangey hogwash and unambiguous prior Obama pledges to not increase taxes "one dime" on the middle-class (some would call them "lies"). In reality, the working-poor, families, and investors in our economy will actually be getting soaked he worst: -Obama Tax Increases- Personal Income Taxes: 10% bracket goes to... 15% Increase: +50% 25% bracket goes to... 28% Increase: +12% 28% bracket goes to... 31% Increase: +11% 33% bracket goes to......
  • Greenspan: Let Bush tax cuts expire

    07/16/2010 9:22:21 AM PDT · by Signalman · 17 replies
    CNNMoney ^ | 07/16/2010 | CNNMoney.comstaff
    LONDON ( -- Former Federal Reserve chief Alan Greenspan believes Congress should let the tax cuts enacted by President George W. Bush expire for all Americans in order to address the widening deficit, according to a TV interview airing Friday. "They should follow the law and let them lapse," Greenspan told Bloomberg TV's Judy Woodruff. The 2001 and 2003 tax cuts are due to expire at the end of the year. President Obama had promised to make them permanent for families making less than $250,000. (Read 'Bush tax cuts up in the air') But faced with growing fiscal challenges, there's...
  • Medical Deduction Threshold to Increase in 2013 [Obamacare tax hike ]

    07/14/2010 11:44:00 AM PDT · by Busywhiskers · 3 replies · 4+ views
    The Billups Company CPA's Inc. ^ | July 14, 2010 | Stephen Ashby
    One of the provisions of the health care reform legislation passed earlier this year increases the medical expense deduction threshold from 7.5% of adjusted gross income to 10% of adjusted gross income, effectively increasing the cost of medical care for many taxpayers who itemize on their tax returns, by reducing their medical deductions.
  • Obama Talks Tax Cuts, Job Growth (Are You Kidding, Tax Increases Coming January 1, 2011)

    07/08/2010 3:06:45 PM PDT · by Biggirl · 11 replies ^ | July 8, 2010 | annem040359
    While at an electric vehicles plant, President Barak Obama gives a speech on economic growth ( what economic growth? ) and at the same time, slamming the Republican party for growth policies that are working. What tax cuts President Obama, come January 1st of next year, THERE WILL BE A TAX INCREASE!
  • The Big Tax Increase Facing Small Business

    06/11/2010 9:28:17 PM PDT · by mlocher · 4 replies · 513+ views ^ | June 9, 2010 | Dean Zerbe
    While a possible increase in taxes on the "carried interest" of hedge fund and private equity money managers is getting all the attention, in the same bill Congress is also creating a tax mess for small-business owners in the form of an $11 billion tax hike over the next 10 years. The tax increase was included in H.R. 4213, a peddler's wagon of legislation (new spending, physicians' reimbursement, extensions of expired tax breaks, etc.) that was passed by the House in a narrow vote just before Memorial Day and is now being considered by the Senate. The Democratic-backed Senate version...
  • Tanning salons feel burned by new 10 percent tax (discriminates against white women)

    06/06/2010 10:14:18 AM PDT · by jern · 27 replies · 745+ views
    Virginia Pilot ^ | June 6, 2010
    In the eyes of Waverly Woods, a tax on indoor tanning discriminates against her in three ways: She's white. She's female. And she's a small-business owner. "They want to brainwash everyone into thinking tanning is the new arsenic," said Woods, who owns tanning salons in Norfolk and Virginia Beach. Starting July 1, indoor tanning salons must charge their customers a 10 percent tax on sessions involving ultraviolet rays to comply with the health care law passed in March. Legislators who support the tax view it as discriminatory, too - but from their perspective, it penalizes people for an unhealthy habit....
  • Red Imported Fire Ants: Doing the Work AZ Fire Ants Won't Do

    04/29/2010 9:02:22 AM PDT · by lulu16 · 2 replies · 402+ views
    Goldwater Institute ^ | April 29, 2010 | lulu16
    As if by blackmail, the AZ legislatures want us to vote on a 18% sales tax that will cover the teachers that they have given pink slips and the schools they have closed. The Goldwater Institute has made a 28 second commercial that shows the meaningless and silly spending cuts they have yet to make. How do you justify a Human Nature Dance Theater and a Bread Museum when we have such a huge budget short fall?
  • Washington governor signs package of tax hikes

    04/23/2010 6:10:18 PM PDT · by mdittmar · 19 replies · 776+ views
    Google ^ | 4/23/10 | CURT WOODWARD (AP)
    OLYMPIA, Wash. — Calling it a "sensible and modest" solution to Washington's historic budget crisis, Gov. Chris Gregoire on Friday approved a revenue package that nets roughly $780 million to avoid deeper cuts in education, health care and human services.Consumers will pay more for a basketful of convenience-store favorites: Soda, bottled water, major-brand beer, candy and cigarettes. Service businesses will send the state a larger share of their gross sales, from attorneys and lobbyists to hairdressers and janitors.Out-of-state companies also were targeted for more revenue, either by recalculating how taxes are charged or shrinking certain exemptions in response to court...
  • JCT: Healthcare law to sock middle class with a $3.9 billion tax increase in 2019

    04/13/2010 3:03:33 PM PDT · by Free ThinkerNY · 2 replies · 277+ views ^ | April 12, 2010 | Jay Heflin
    Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes — in 2019 alone — due to healthcare reform, according to the Joint Committee on Taxation, Congress's official scorekeeper. The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older. Taxpayers can currently deduct medical expenses in excess of 7.5 percent of their adjusted gross income. Starting in 2013, most taxpayers will only be able to deduct expenses greater than 10 percent of AGI. Older taxpayers...
  • Cost Of A Connecticut Fishing License Takes Bite Out Of Season (CT: Rates Doubled)

    04/10/2010 5:54:39 AM PDT · by raybbr · 33 replies · 1,251+ views ^ | 4/10/2010 | Dave Drury
    Shopping for her brother's birthday gift had always been a snap for New Hartford Town Clerk Donna LaPlante. Because they had long agreed on a $25 limit, she would simply fork over $20 and renew his fishing license. This year, to her brother's surprise, she gave him a book. "I told him the license was now $40," she said. "He said, '$40!'" Across streams and rivers, lakes and ponds, the impact of the state's budget problems is being felt keenly by the state's anglers as they prepare for opening day of trout season next Saturday. Last August, the state legislature...
  • Beer Tax Rumor Bubbles Up in Olympia (what WON'T be taxed?)

    04/05/2010 1:35:50 PM PDT · by Red in Blue PA · 10 replies · 406+ views ^ | 4/5/2010 | Staff
    Jeff Gombosky, a lobbyist for Anheuser-Busch in Olympia, tells PubliCola he has heard a rumor that a beer tax was floated in Olympia on Friday as a revenue source to break the stalemate in Olympia. He has not seen anything official yet, however. Gombosky said generally Anheuser-Busch does not support singling out one item or industry for taxation (the House has already dropped its proposal for a $30 million gum and candy tax and a $96 million soda pop tax, which actually resurfaced today, has been MIA in both the House and Senate budgets all session). Gombosky says he especially...
  • House GOP freshmen offer dire warnings (Duncan D. Hunter)

    03/20/2010 5:01:39 PM PDT · by pissant · 41 replies · 1,192+ views
    Politico ^ | 3/20/10 | James Hohmann
    Rep. Blaine Luetkemeyer (R-Mo.) warned Saturday that the Democratic health care bill could kill his dad. “As someone who has a 90-year-old father who has prostate cancer, this bill would put him in the grave – literally!” he said. “Because if you’re going to give somebody a pill because you can’t give them the kind of care they need when they are an elderly person – and you’re going to be rationing care – that’s not right.” Luetkemeyer was one of twelve House Republican freshmen at a 35-minute morning press conference intended to warn of dire consequences that will befall...
  • Temporary Sales Tax Increase- Lack of Governance

    03/05/2010 10:36:09 AM PST · by AZConcervative · 5 replies · 211+ views
    Servant Leadership ^ | 3-5-10 | Brett Petillo
    Now that the "temporary" sales tax is heading to the ballot, I think we must shine a light on the predicament we find ourselves in. The legislature kept referring to it as a revenue increase as if they were rolling out some new product line that would increase sales. Government of any kind, at any level, is not a revenue generator, they are overhead. In life you have the revenue generators (in this particular equation, you and me) and then you have the corporate office (the government bureaucracy). After closing my doors last year, I returned to work at a...
  • States Move To Revoke Charities' Tax Exemptions

    02/27/2010 10:12:15 PM PST · by Steelfish · 55 replies · 1,466+ views
    MercuryNews ^ | February 27, 2010
    States Move To Revoke Charities' Tax Exemptions Faced with steep declines in tax revenue, an increasing number of states and localities are considering eliminating various tax exemptions for nonprofit groups. A bill before the Hawaii Legislature, for instance, would require charities to pay a 1 percent tax, and Kansas is considering making them subject to sales taxes. Revoking the nonprofit organizations' exemptions from property taxes is also under scrutiny in several counties in Kansas, as well as in Pennsylvania. And last fall, Minneapolis made charities subject to the fees it charges businesses and residents for streetlights in hope of gaining...