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...
  • VA: ‘Amazon’ sales tax collection bill clears Senate (Republicans pushing taxes)

    02/16/2010 10:07:07 AM PST · by rabscuttle385 · 49 replies · 1,043+ views
    The Times Dispatch, Richmond, Va. ^ | 2010-02-16 | Jeff E. Schapiro
    Legislation requiring online retailers to collect Virginia's 4.5 percent sales tax -- the so-called "Amazon Bill" -- easily cleared the Virginia Senate this morning and is headed to the House of Delegates, where opponents hope it falls prey to that chamber's hostility to taxes. Senate Bill 660, by Republican Emmett W. Hanger Jr. of Augusta, was approved, 28-12. The measure is a priority among traditional, bricks-and-mortar retailers, who say they can't compete with online businesses that currently don't have to collect the tax on Virginia sales. Foes say the legislation is a jobs-killer; that it would force Internet businesses here...
  • Super-wealthy investors move billions out of Greece

    02/11/2010 5:44:23 AM PST · by dynachrome · 16 replies · 845+ views
    The Guardian ^ | 2-7-10 | Helena Smith
    Investors withdraw up to €10bn from Greece as government prepares tax crackdown to cut down deficit staggering €8bn-€10bn (£7bn-£8.7bn) may have been taken out of Greece by private investors since it became engulfed by economic turmoil in November. Under pressure from the European Union and international markets to rein in the nation's €300bn debt, socialist prime minister, George Papandreou, announced last week that he would have to enforce tough deficit-cutting measures. But the coming austerity package is leading panicked wealthy Greeks to divert their savings out of the country.
  • Early Ore. Vote Results Come Gushing In [Soak The Rich Winning In OR]

    01/26/2010 9:03:31 PM PST · by Steelfish · 39 replies · 1,106+ views
    NYTimes ^ | January 26, 2010
    Early Ore. Vote Results Come Gushing In THE ASSOCIATED PRESS January 26, 2010 PORTLAND, Ore. (AP) -- Early results from Oregon's special election came gushing in, and two tax measures were ahead on the strength of votes from Multnomah County, home of the liberal bastion Portland. Polling suggested the final count could be closer. The heavy vote was a result of a new law that allows mailed in ballots to be scanned days in advance of the close of voting. With nearly three-quarters of the expected vote counted, 55 percent had voted for Measure 66, which would impose higher taxes...
  • Keep The Cuts

    01/25/2010 5:31:21 PM PST · by Kaslin · 4 replies · 449+ views ^ | January 25, 2010 | INVESTORS BUSINESS DAILY Staff
    Taxes: On the eve of President Obama's first State of the Union address, two Democratic congressmen are advising him to extend the Bush tax cuts instead of letting them expire. Now that's a stimulus. We hear that the administration is considering taking a more populist tack as it sails the choppy political waters of 2010. Some of President Obama's plans reportedly include several tax tidbits for the "middle class," including a doubling of the child care tax credit for families below $85,000 in income, and $1.6 billion for child care and a cap on student loan payments. Such transparent populism...
  • Washington slaps fee on plastic shopping bags

    Residents of the US capital may have to dig a little deeper into their pockets when they go grocery shopping once the city slaps a five-cent levy on each plastic bag issued at the checkout line. The measure, which takes effect on January 1, 2010 and is the first such initiative in the United States, seeks to make consumers bear the brunt of clean up costs for the bags which currently are dispensed for free with a customer's purchases.
  • Joblessness triggers tax increase for businesses

    12/18/2009 5:34:53 PM PST · by george76 · 4 replies · 368+ views
    Free Lance-Star ^ | 12/12/2009 | Chelyen Davis
    Despite talk about easing burdens on businesses to encourage them to create jobs, companies in Virginia will be paying more in taxes come Jan. 1. The state unemployment tax that businesses pay on each employee will be going up, from an average of $95 per employee per year to an average of $171 a year in 2010, $234 in 2011 and $263 in 2012. The tax goes into the fund the state uses to pay unemployment benefits... When the unemployment fund gets low, it triggers an automatic increase in the tax. The increase is determined by a formula. Virginia Employment...
  • [Virginia Gov Tim] Kaine proposes replacing car tax with $1.9B income tax hike

    12/18/2009 11:13:15 AM PST · by freespirited · 23 replies · 697+ views
    Wapo ^ | 12/18/09 | Anita Kumar, Rosalind S. Helderman
    Virginia Gov. Timothy Kaine (D) proposed Friday replacing the local car tax by increasing income tax $1.9 billion a year. But Republicans in the General Assembly and Gov.-elect Robert F. McDonnell (R) have said they are opposed to any tax hikes. The outgoing governor also proposed about $2.3 billion in budget cuts to help make up for a nearly $4.2 billion shortfall by 2012. ... Kaine recommended eliminating 1,879 jobs as well as 664 layoffs, many of them in the departments of transportation, corrections, juvenile justice and at the University of Virginia. In public education, he would cap the number...
  • Beck on O'Reilly: We need a VAT tax to fix the country

    12/04/2009 6:27:00 PM PST · by iowamark · 129 replies · 3,491+ views
    The O'Reilly Factor ^ | 12/04/2009 | Glenn Beck, Bill O'Reilly
    Glenn Beck argues for a federal Value Added Tax. O'Reilly wants a federal sales tax.
  • The Road To Hell is Paved With Cap and Trade Legislation

    11/12/2009 9:45:57 PM PST · by Shellybenoit · 4 replies · 361+ views
    IBD/The Lid ^ | 11/13/09 | The Lid
    One of Europe's solutions to the perceived global warming threat is trying to regulate carbon emissions through Carbon Credits The way it works is the government sets a or cap on the total amount of a pollutant that can be emitted. Companies or other groups are issued emission permits and are required to hold an equivalent number of credits. Companies that need to increase their emission allowance must buy credits from those who pollute less. In effect, the buyer is paying a charge for polluting, while the seller is being rewarded for having reduced emissions by more than was needed....
  • List of All Tax Hikes in the Baucus Health Care Bill

    10/21/2009 1:42:43 PM PDT · by florm15 · 9 replies · 623+ views
    Obama promised not to raise taxes. If he signed this bill into law, he would break his promise...
  • Obama to surrender US sovereignty at UN global warming conference

    10/19/2009 1:23:16 AM PDT · by unspun · 109 replies · 5,734+ views ^ | 10/19/2009 | James Simpson
    Not content with his humiliation at Copenhagen, Denmark this past September, President Obama will be traveling there again in December to attend the UN COP15 Climate Change Conference. This agreement would commit the United States to punitive and expensive greenhouse gas regulations dictated by the United Nations without recourse. COP stands for "Conference of the Parties" and the December Copenhagen conference will be the 15th under the United Nations Framework Convention on Climate Change (UNFCCC), hence COP15. According to their website, it will be one of the largest conferences ever held outside the New York or Geneva headquarters, with an...
  • (Wisconsin) Brewers Speak Out Against Proposed Beer Tax Increase

    10/13/2009 3:53:05 PM PDT · by Extremely Extreme Extremist · 9 replies · 454+ views
    WBAY.COM ^ | 13 OCTOBER 2009 | WBAY.COM
    A proposal to increase the state beer tax drew support and criticism in Madison on Tuesday. Some think it will help crack down on drunken driving, while others aren't as sure. Advocates and opponents of the beer tax increase piled into the public hearing. After the bill's author, Representative Teresa Berceau (D-Madison) rattled off Wisconsin's notorious drinking statistics, she said the tax is affordable for the average drinker and would fund reform against drunken driving. "We're talking about drinking a six-pack a day, seven days a week to generate an additional dollar of taxes. If you're drinking more than that,...
  • Soda tax could close states' budget gaps, health advocacy group says

    10/02/2009 9:54:43 PM PDT · by pissant · 49 replies · 1,242+ views
    LA Times ^ | 10/2/09 | Jery Herch
    The Center for Science in the Public Interest believes that many states might be able to close gaps in their budgets by placing a tax on soda and other sugary drinks. The health advocacy group released a study this week that estimates budget-strapped states -- including California -- could generate a combined $10 billion a year by levying a tax of 7 cents per 12-ounce can of Coke or other beverage. Currently, 25 states impose special taxes on sugary drinks. The group, which is lobbying for such taxes and has suggested a national excise tax on sugared drinks, said raising...
  • Gergoire to Raise Taxes

    09/30/2009 11:49:50 PM PDT · by Robwin · 11 replies · 895+ views
    nwpr ^ | 09/29/09 | Northwest Public Radio
    Washington Governor Chris Gregoire appears to be softening her stance on raising taxes. Gregoire said today that her “door is open” to lawmakers and advocates who want to make the case for a tax package this January. Olympia Correspondent Austin Jenkins reports. A year ago when Gregoire was running for re-election this was how she responded to questions about higher taxes to offset budget cuts. Gregoire: “Now is not the time and I mean now meaning period not the time to consider raising anything.” 4.5 billion dollars in cuts later – and with the state facing yet another billion dollar...
  • Obama And The HUGE Health Care Tax That He Simply Refuses To Call A Tax

    09/21/2009 3:39:52 PM PDT · by Michael Eden · 7 replies · 956+ views
    Start Thinking Right ^ | September 21, 2009 | Michael Eden
    At the Oct. 7 presidential debate, Barack Obama said, "If you make less than a quarter of a million dollars a year, you will not see a single dime of your taxes go up. If you make $200,000 a year or less, your taxes will go down."I point this out so that you realize that Obama supports your (note: use any word but "taxes" here) going up by 85800 dimes if your family makes $66,000 a year. More on that later. And as part of my "I told you so" moment, allow me to cite my October 2008 article entitled...
  • Calif. panel set to recommend major tax overhaul

    09/20/2009 9:27:47 PM PDT · by Stayfree · 38 replies · 1,448+ views
    The Associated Press ^ | September 20, 2009 | JUDY LIN
    State fiscal experts agree generally that California's revenue structure relies too heavily on the wealthy and the whims of the stock market while failing to capture taxes from the now-dominant service sector.
  • Massive Hawaii business tax increase coming soon

    09/19/2009 4:32:18 PM PDT · by NRG1973 · 39 replies · 1,755+ views ^ | September 19, 2009 | Mark Niesse
    Hawaii businesses will have to pay an average of about $1,000 more per employee in annual taxes come April to help keep unemployment payments flowing to laid-off workers. The rising number of unemployed is sapping the state's savings fund at a rate of $32 million a month, triggering the drastic tax increase called for by law. Businesses currently pay an average of $90 per employee each year into the unemployment fund, but that figure is expected to rise to an average of $1,040 by next spring. "It means less money businesses have to pay wages or create new jobs," said...
  • Newsom wants to charge stores that sell sodas

    09/19/2009 4:39:41 AM PDT · by RoadKingSE · 13 replies · 662+ views
    (09-17) 20:36 PDT -- Calling soda the new tobacco, San Francisco Mayor Gavin Newsom will introduce legislation this fall that would charge a fee to retailers that sell sugary beverages. Newsom would need voter approval to tax individual cans of soda and sugary juice, but only needs approval from the Board of Supervisors to levy a fee on retailers.
  • Hawaii businesses to be hit with soaring unemployment tax

    09/18/2009 5:52:49 PM PDT · by Lorianne · 49 replies · 2,019+ views
    Source cannot be posted | September 18, 2009
    Unemployment insurance payment of $90 surging to at least $1,040 per worker
  • Illinois Governor will wait until after primaries to push for income tax hike

    09/10/2009 1:09:26 PM PDT · by Jabrown · 2 replies · 463+ views
    The Examiner ^ | 09/10/09 | J Brown
    Illinois' ongoing budget crisis and proposed income tax increases are taking a back seat as the "old" political habits of Illinois politicians re-emerge. According to statements made following a meeting with legislative leaders, Illinois Governor Pat Quinn said that a proposed Illinois tax increase will not be taken up until after the February 2nd primaries. As a result, the State's budget will remain unconstitutionally unbalanced and the budgets of social services organizations relying upon state funds will remain in limbo. The Governor's decision to delay debate over a proposed income tax hike stems from two likely, yet purely political motives:...
  • Land Of The Fee (IBD Exclusive Series: Government-Run Healthcare: A Prescription For Failure)

    09/09/2009 5:23:59 PM PDT · by Kaslin · 10 replies · 667+ views
    IBD Editorials ^ | September 9, 2009 | INVESTORS BUSINESS DAILY Staff
    Reform: The chairman of the Senate Finance Committee wants levies on insurers to pay for ObamaCare and fines for families who don't sign up. We can cut costs and expand coverage without sacrificing freedom.To keep ObamaCare alive, Montana Democrat Max Baucus has proposed a Rube Goldberg scheme of fees and fines on insurers and the uninsured designed to forcibly bring everyone into the loving and protective arms of the nanny state. To help finance his Plan B, Baucus would impose annual fees of $6 billion on health insurers, $4 billion on medical-device makers, $2.3 billion on drug manufacturers and $750...
  • Tax hikes coming for Californians anyway

    08/27/2009 12:46:45 PM PDT · by Lou Budvis · 29 replies · 1,335+ views
    Hot Air ^ | August 27, 2009 | Ed Morrissey
    Californians must have thought they’d sent a loud and clear message to Sacramento in May when they rejected a series of referendums that would have approved tax hikes to solve their budget crisis. The only ballot initiative approved cut off legislators’ pay when they failed to produce a budget, in what should have been a sign that the Golden State electorate had had enough. The political class in the state capital apparently has their fingers stuck firmly in their ears:
  • Obama Cap and Trade lays more debt and taxes on Americans?

    08/18/2009 8:06:01 AM PDT · by usalady · 2 replies · 208+ views ^ | August 19, 2009 | Martha
    As the American public scrutinizes the various bills passed by the U.S. House of Representatives, the first to create a thunderous backlash was against Obama's Health Care Reform, especially the Public Option.
  • Geithner Floats Obama’s Next Big Move: A Tax Hike on the Middle Class

    08/03/2009 1:23:17 AM PDT · by Cindy · 40 replies · 3,062+ views
    CNS ^ | Monday, August 03, 2009 | By Terence P. Jeffrey, Editor-in-Chief
    ( - Appearing on ABC’s “This Week with George Stephanopoulos” yesterday, Treasury Secretary Timothy Geithner floated President Obama’s next big move: a tax increase on middle-class Americans. Geithner made it clear during the interview that the administration believes that new federal revenues are needed and he declined to rule out raising taxes on Americans earning less than $250,000 per year to get those revenues. During the interview, host George Stephanopoulos pointed out to Geithner that the “Congressional Budget Office estimates that your budget will add $9 trillion to the national debt over the next decade.” Stephanopoulos also noted that former...
  • 1,200 R.I. businesses face closure over sales tax

    07/30/2009 8:21:23 AM PDT · by Cheap_Hessian · 51 replies · 2,303+ views
    The Providence Journal ^ | July 30, 2009 | Cynthia Needham and Katherine Gregg
    PROVIDENCE — State tax officials have put more than 1,200 businesses across the state on notice this week that they are out of business unless they pay their overdue sales taxes immediately. For most, that action came in the form of a personal visit from the state Division of Taxation, ordering business owners to lock their doors at once. By Wednesday, a line of people had queued up inside the Department of Administration building on Smith Hill, waiting their turn to plead their case to a state revenue agent. Some were angry. Others frustrated. “I understand the state needs money,...

    07/27/2009 2:42:56 PM PDT · by kcvl · 41 replies · 1,671+ views
    DON'T GO THERE: DEMS EYE 10% TAX ON BOTOX, COSMETIC SURGERY Mon Jul 27 2009 17:18:00 ET Face-lifts, tummy tucks and hair transplants could be hit with a new tax to help finance the trillion-dollar healthcare overhaul plan, CONGRESS DAILY reports. The Senate Finance Committee has discussed imposing a 10% excise tax on cosmetic surgery deemed unnecessary for medical purposes. DAILY's Peter Cohn reveals: The idea was broached in a meeting with OMB Director Orszag in mid-July, after which Senate Finance Chairman Max Baucus told reporters he had heard some "interesting," "creative," and "kind of fun" ideas. MORE Developing...
  • Tax surcharge a risk for Democrats (NC hold on to your wallet)

    07/23/2009 1:57:22 PM PDT · by momincombatboots · 3 replies · 614+ views
    The News & Observer ^ | Thu, Jul. 23, 2009 | BY BENJAMIN NIOLET AND KEVIN KILE
    RALEIGH -- Many taxpayers may not notice a 1-cent increase in the sales tax. But it will be hard for them to miss another tax increase that may be headed their way: a 2 percent surcharge on everyone's income tax.
  • Poll: Voters like idea of taxing 'rich'

    07/23/2009 2:11:32 PM PDT · by Graybeard58 · 43 replies · 919+ views
    Waterbury Republican-American ^ | July 23, 2009 | Paul Hughes
    HARTFORD — Most people in Connecticut don't want to pay more taxes, but they don't mind if the next guy does. A new Quinnipiac University poll suggests state voters are conflicted on the question of taxation as Gov. M. Jodi Rell and lawmakers try to reach agreement on a state budget. Only 48 percent of voters think a tax increase is necessary to balance the state budget, according to the poll. This is up from 32 percent in March. Poll director Douglas Schwartz said more telling is the finding that 60 percent of voters prefer cutting spending as opposed to...
  • How Obamacare Will Hurt Low Income Workers

    07/21/2009 7:10:52 PM PDT · by Shellybenoit · 3 replies · 294+ views
    Heritage Center/The Lid ^ | 7/21/09 | The Lid
    It is the poor who will be bearing the burden of Obamacare. Sure, congress plans on paying for Obamacare by raising taxes. And while the press is reporting this tax surcharge will only burden the rich that is not exactly true. Those earning less than $250,000 will be hit with new taxes, too. If you don't sign up for health care, for instance, you will be taxed up to 2.5% of your income. Small businesses that don't have health plans will have to pay up to 8% of their payroll as a "fee." Small businesses that do not offer heath...
  • ‘Blue Dog’ Dems growl at Rendell’s plan

    07/13/2009 2:59:01 AM PDT · by Born Conservative · 10 replies · 1,102+ views
    Times Leader (Wilkes Barre PA) ^ | 7/13/09 | MARC LEVY
    HARRISBURG — As powerful politicians clash over Pennsylvania’s lengthening state budget impasse, members of a small band of largely backbench conservative Democrats are exercising a little muscle of their own. The so-called “Blue Dog” Democrats in the House have openly defied a call by Gov. Ed Rendell and leaders of the House Democratic majority to support an increase in the personal income tax. And they did so in a building in which rank-and-file legislators generally fear the punishment that might result from thumbing their noses at their caucus leaders. Many of the 25 or so Blue Dogs are from western...