Keyword: taxpolicy

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  • Cruz tax plan would cost $8.6 trillion, second only to Trump, analysis finds (Cost the govt?)

    02/17/2016 4:38:24 AM PST · by raybbr · 32 replies ^ | 2/16/2016 | N/A
    Republican presidential candidate Ted Cruz's plan to impose a flat 10 percent tax on all personal income and greatly lower the corporate tax rate would cost the federal government at least $8.6 trillion over a decade, according to a new analysis. The plan would be the second most expensive tax proposal in the GOP presidential field, with only businessman Donald Trump offering a proposal that would add more in government debt over the next 10 years, according to data released Tuesday by the nonpartisan Urban Brookings Tax Policy Center. Trump's plan would cost the government $9.5 trillion in lost revenue....
  • Trump to reveal immigration, tax policy plans next month

    08/15/2015 6:30:00 AM PDT · by SeekAndFind · 17 replies
    Washington Post ^ | 08/15/2015 | By Robert Costa
    Donald Trump will unveil a series of position papers in early September, he said in an interview Friday, beginning with a plan to address immigration policy that was crafted with the counsel of Sen. Jeff Sessions (R-Ala.), a favorite of conservative activists and an outspoken border hawk. That document will be followed soon after by his proposal for revamping the U.S. tax code. “My immigration paper, my tax paper — they’re pretty much done. But I don’t want to do them in August. I’ll wait until September, when everyone is back, in all fairness,” Trump told The Washington Post. “We’ll...
  • Video: Paul Ryan takes over Ways and Means

    11/19/2014 7:33:10 AM PST · by SeekAndFind · 21 replies
    Hotair ^ | 11/19/2014 | Ed Morrissey
    It’s “the single most important committee in Congress,” one former Representative tells WTMJ in Milwaukee, with its fingers in practically everything the federal government does. Tax reform? Ways and Means. Health care? Social Security? Ways and Means. And now the most visionary of the Republican fiscal reformers will chair the panel as all of these issues come to a head in the final two years of the Obama administration: CLICK ABOVE LINK FOR THE VIDEO Ryan already is taking aim in all of these areas in his statement yesterday after winning the post in the House Republican leadership discussions:...
  • The Fiscal Cliff Diversion Has Nothing To Do With Tax Policy

    12/15/2012 10:35:46 AM PST · by SeekAndFind · 2 replies
    Forbes ^ | 12/15/2012 | Nathan Lewis
    One thing that united both the Tea Party and Occupy Wall Street, around 2009, was their opposition to corporatism/crony capitalism. Someone had committed some very big crimes, and they were getting away with it. Immense sums were being stolen from taxpayers, mostly by big banks, around the world. Companies that should have gone bust instead were bailed out and became even more dominant. Politicians were bought and paid for by Big Business – not all big businesses, but a relatively small group of companies whose names we all know well. This issue has strangely disappeared from official discussion. Now we...
  • What are the Tax Implications of the Zombie Apocalypse? (Death and Taxes and Zombies)

    05/26/2012 10:48:48 AM PDT · by DogByte6RER · 16 replies
    IO9 ^ | May 26, 2012 | Lauren Davis
    What are the tax implications of the zombie apocalypse? The only certainties in life are death and taxes, but how do you handle the taxes when death doesn't go quite as planned? Law professor Adam Chodorow takes a stab at estate planning for the undead in perhaps the only legal paper to cite both the Internal Revenue Code and Weekend at Bernie's II. Chodorow, a professor at Arizona State University's Sandra Day O'Connor College of Law, authored the paper "Death and Taxes...and Zombies," which will appear in a forthcoming issue of the Iowa Law Review. Chodorow notes that, while the...
  • A Book for Republicans (Thomas Sowell)

    05/21/2012 10:35:27 AM PDT · by jazusamo · 13 replies
    Creators Syndicate ^ | May 22, 2012 | Thomas Sowell
    Democrats have been having a field day with the cry of "tax cuts for the rich" — for which Republicans seem to have no reply. This is especially surprising, because Democrats made the same arguments back in the 1920s, and the Republicans then not only had a reply, but one that eventually carried the day, when the top tax rate was brought down from 73 percent to 24 percent. What was the difference then? The biggest difference is that Secretary of the Treasury Andrew Mellon took the trouble to articulate the case for lower tax rates, in articles that...
  • Since Obama’s Class-Warfare Tax Policy Is Failing in Illinois,(shortened title)

    01/28/2012 7:41:49 AM PST · by Kaslin · 6 replies ^ | January 28 | Daniel J. Mitchel
    President Obama’s two biggest “achievements” since taking office are the so-called stimulus and government-run healthcare. But neither one of those policies are popular, so the President largely ignored them during his state-of-the-union address and instead focused on using the tax code to promote “fairness.”But fairness doesn’t mean treating everyone equally by adopting a flat tax. Instead, it means a class-warfare policy of higher tax rates. The President’s home state of Illinois is a good test case of this approach. The politicians rammed through a big tax increase early last year, supposedly to stabilize state finances.Unfortunately, Obamanomics isn’t working very well...
  • Rick Santorum's Naive Blast To An Impoverished Past (Zero taxes for manufacturers is bad policy)

    01/10/2012 6:27:28 AM PST · by SeekAndFind · 33 replies
    Real Clear Markets ^ | 01/10/2012 | John Tamny
    Any attempt to analyze the economic programs of the Republican presidential candidates is fraught with danger. While some have some interesting ideas, none measure up in total. Certainly Ron Paul's desire to truly cut spending recommends him economically, Newt Gingrich presents an interesting plan for taxation (Mitt Romney's taxation scheme is certainly the weakest), and then many of the candidates at least pay lip service to the notion of ridding the Fed of our economic ball-and-chain of a Chairman, Ben Bernanke. And then there's Rick Santorum. While it's very likely that the Iowa caucuses will easily represent the high water...
  • Governor Palin's Tax Plan: Simply Genius

    09/05/2011 9:03:01 PM PDT · by MN_Mike · 64 replies
    September 5, 2011 | MinnMike
    It's been a long while since I posted at FR, so bear with me please. There has not been sufficient discussion about Governor Palin's superb tax policy she announced in Iowa this past weekend. So, before the other campaigns try to co-opt it, I think it's necessary to put our pro-Palin stake in the ground. Current Situation - As we are all well aware, the high unemployment is plainly nasty and long-standing. Much as President Obama would like any of several of his targets to take the blame for the economic fix we are in, it is his name that...
  • Obama's Illinois Imploding

    08/25/2011 1:39:22 PM PDT · by Kaslin · 42 replies ^ | August 2011 | Jeff Carter
    I don’t know if you saw this with all the news yesterday. Illinois lost 89,000 jobs since enacting the largest tax increase in the history of the state, as reported by the Illinois Policy Institute. It was the largest job loss of any state in the nation. Democrats will blame it on a poor economy. The truth is, higher taxes change behavior. Combine that with the fact that Illinois pols have given tax waivers to some large companies. John Deere ($JD), Motorola Mobility ($MOT, $GOOG), Sears, and others have gotten roll backs on the tax. So, like most tax levies...
  • Chart: Why $4-Per-Gallon Gas Is Damn Cheap (Compared to what the rest of the world pays)

    04/05/2011 12:45:37 PM PDT · by SeekAndFind · 63 replies
    Good Environment ^ | 03/21/2011
    Inspired by Cord's thought-provoking post on the per gallon prices of various liquids, and by Sarah Palin's ill-informed Facebook rant on the "$4-Per-Gallon President," I decided to take a closer look at gasoline prices around the world. Mrs. Palin might be interested to learn, that the world already has quite a few $4-Per-Gallon Presidents. In fact, the world already has $6-Per-Gallon Parliaments, $7-Per-Gallon Prime Ministers, and $8-Per-Gallon Presidents! We've collected a broad sample of gas prices from throughout the industrialized Western world in the chart below. Important to note: this chart includes only official data from throughout the European Union...
  • Obama Numbers on Economy Prove to be False

    03/08/2010 11:54:18 AM PST · by Welshman007 · 4 replies · 31+ views
    Conservative Examiner ^ | 3/8/2010 | Anthony G. Martin
    For those true believers out there who still accept whatever this Administration tells them, despite being caught in numerous lies, here is one to add to the list. Perhaps this will convince you that Barack Obama and his minions cannot be trusted. The Congressional Budget Office released figures that show that despite Obama's notion that his plan for America will reduce the national debt, the Obama agenda will actually add 9.7 trillion dollars to the debt over the next ten years, almost doubling the current debt-load of 12 trillion.
  • Jobs, Jobs, Jobs

    01/15/2010 3:32:32 AM PST · by Scanian · 1 replies · 218+ views
    The American Thinker ^ | January 15, 2010 | Howard Richman, Raymond Richman, and Jesse Richman
    The economic news for January has been dominated by disappointing employment news released on January 8 by the U.S. Bureau of Labor Statistics. Total non-farm payroll employment edged down by 85,000 in December from November, led by a loss of 57,000 construction jobs and 27,000 manufacturing jobs. Public dissatisfaction with the Obama administration's handling of the economy has been following employment levels down. A few days later, on January 12, the U.S. Department of Commerce reported that the trade deficit rose 9.7 percent in November. The media ignored the relationship of the trade deficits to the lost manufacturing jobs.
  • Educating for Failure

    10/30/2009 11:42:43 AM PDT · by bs9021 · 2 replies · 215+ views
    Accuracy in Academia ^ | October 30, 2009 | Malcolm A. Kline
    Educating For Failure Malcolm A. Kline, October 30, 2009 Every chief executive in the past 20 years has vowed to be, as one of them put it, “the education president.” All have failed for the same reason: as with most aspects of life, top-down government solutions to education just don’t work. “Between 1960 and 1990, spending on elementary and secondary education jumped from $50 billion to nearly $190 billion in inflation adjusted dollars,” Leslie Carbone writes in Slaying Leviathan: The Moral Case For Tax Reform. “During the same period, per student spending more than tripled—from $1,454 to $4,622.” “Between 1973...
  • 47% will pay no federal income tax

    10/01/2009 5:43:45 AM PDT · by Pearls Before Swine · 84 replies · 2,969+ views ^ | 10-01-2009 | Jean Sahadi
    Most people think they pay too much to Uncle Sam, but for some people it simply is not true. In 2009, roughly 47% of households, or 71 million, will not owe any federal income tax, according to estimates by the nonpartisan Tax Policy Center.
  • MUST SEE VIDEO: Bend Over, Here Comes Change Again

    08/03/2009 10:11:02 AM PDT · by franklog · 9 replies · 519+ views
    Bucks Right ^ | August 3, 2009 | Steven
    Compilation of Barack Obama's "No Middle Class Tax Hike" lie in speeches with Geithner's saying a middle class tax hike is possible.
  • Obama Gets Tax Policy Backwards

    05/13/2009 5:41:02 AM PDT · by SeekAndFind · 7 replies · 557+ views
    Real Clear Markets ^ | 5/13/2009 | Steve Malanga
    Few subjects offer more grist for populists and more opportunity for demagoguery than that of U.S. companies, their foreign earnings and their taxes. Posturing by politicians on this subject revolves around the fact that American companies have increased their foreign investments over a period of time when domestic jobs have disappeared in certain industries, creating a facile (and misleading) correlation in the minds of many between overseas investments and U.S. job losses. President Obama drew on that popular misconception when he announced he would seek changes in our corporate tax code last week which he claimed were designed to ensure...
  • Art Laffer on the effects of the Death Tax

    04/03/2009 9:40:54 PM PDT · by Reagan 2.0 · 6 replies · 576+ views
    Examiner ^ | 4-3-09 | Phoenix Conservative
    From Art Laffer, economist and inventor of the Laffer Curve, comes an excellent and timely piece explaining why we should all care about the death tax, its effect on society and on people's behavior: Spend it in Vegas or Die Paying Taxes President Barack Obama has proposed prolonging the federal estate tax rather than ending it in 2010, as is scheduled under current law. The president's plan would extend this year's $3.5 million exemption level and the 45% top rate. But will this really help America recover from recession and reduce our growing deficits? In order to assess the pros...
  • Can I Get Feedback from FReepers on ""?

    09/24/2008 4:46:17 PM PDT · by betty boop · 23 replies · 545+ views
    Fox News commercial ^ | ongoing | unk
    I've been seeing commercials on Fox News TV about this website. So thought I'd go over there and check it out. Notwithstanding the site seems to want to sell services to the public, the analysis there looks pretty reasonable, and their coverage "fair and balanced": Jeepers, they'll sell you a Obama/Biden bumper sticker!!! LOL! The editorial stance on this site struck me as favoring low taxes and small government. FReepers, if you have the time and interest, please go over there, then come back and tell us what you think.
  • Obama and the 'Rich'

    06/11/2008 5:23:10 AM PDT · by shrinkermd · 26 replies · 84+ views
    Wall Street Journal ^ | 11 June 2008 | Stephen Moore
    In various tax proposals Mr. Obama has set the definition of rich at levels of $100,000, $200,000 and $250,000 in annual income. He has vowed, for example, to erase the Bush tax cuts not only for those who make more than $250,000, but to end the cap on Social Security taxes, which amounts to a tax hike on anyone who makes more than $100,000 in income. All of this has caused some heartburn among certain Democrats in high cost-of-living states. New York Rep. Joseph Crowley says a couple with earnings of $100,000 could be "a police officer and nurse." "In...
  • Democrats seek corporate tax change, but benefits unclear

    02/27/2008 11:32:15 AM PST · by Ernest_at_the_Beach · 3 replies · 30+ views
    Marketwatch ^ | Feb. 26, 2008 | Robert Schroeder, MarketWatch
    WASHINGTON (MarketWatch) -- Attention U.S. companies: If you "ship jobs overseas," a Democrat is going to try to bring them back. As Hillary Clinton and Barack Obama take their battle for the Democratic presidential nomination to manufacturing states including Ohio and Pennsylvania, the senatorial rivals are both touting plans to bring change to the corporate tax code. Namely, "ending tax breaks for companies that ship jobs overseas." That's how Sen. Clinton, D-N.Y., puts it in her campaign literature. Obama's language is virtually identical. Clinton and Obama don't go into many specifics. But they're both taking aim at a decades-old part...
  • 1996: Congressional candidates debate economics (Early call for Fair Tax)

    01/09/2008 1:12:04 AM PST · by Kurt Evans · 8 replies · 176+ views
    The candidates for South Dakota's lone U.S. House seat debated again Sunday night, and, for the most part, refrained from direct attacks and addressed questions from citizen panelists. The forum, at the South Dakota Public Broadcasting studios in Vermillion, was broadcast on radio and television. It featured five panelists and audience members asking questions of Democrat Rick Weiland, Republican John Thune and independents Stacey Nelson and Kurt Evans. Most of the questions dealt with economic matters. One panelist, noting that the net worth of the three richest people in the nation is three times the value of all of South...
  • Guess Who Really Pays the Taxes By Stephen Moore

    01/01/2008 11:17:41 AM PST · by K-oneTexas · 37 replies · 1,005+ views
    The American ^ | November/December 2007 | Stephen Moore
    Guess Who Really Pays the Taxes By Stephen Moore From the November/December 2007 Issue Yes, income in America is skewed toward the rich. But taxes are skewed far, far more. The top 5 percent pay well over half the income taxes. STEPHEN MOORE has the numbers. 1. Are income taxes fair?That depends on who is offering the opinion. Democratic candidates for president certainly don’t think so. John Edwards has said, “It’s time to restore fairness to a tax code that has been driven badly out of whack.” Hillary Clinton laments that “middle-class and working families are paying a much higher percentage...
  • Earth to Obama: Work and Wealth Are Not At War

    09/24/2007 7:58:37 AM PDT · by Invisigoth · 12 replies · 37+ views
    North Star Writers Group ^ | September 24, 2007 | Dan Calabrese
    Oh goody. Barack Obama wants to cut taxes. Well. Not really. Resurrecting the phoniest of all Bill Clinton’s campaign promises, Obama is calling for a middle-class tax cut, which will be accompanied by a repeal of the Bush tax cuts for the group Obama calls “the wealthiest 1 percent of Americans.” Why give a break to one group while socking the other? Because, Obama says, the current tax code “rewards wealth instead of work.” Oh my. Where to begin? Let’s put aside, for a moment, the question of how wealth is produced, or conversely, what results from wisely directed work....
  • Tax cut beneficiaries

    01/13/2006 1:46:17 PM PST · by Small-L · 1 replies · 247+ views
    JWR ^ | Jan. 11, 2006 | Walter Williams
    Republican and Democratic big government advocates whine about President Bush's proposed tax cuts, particularly cuts in the capital gains tax. They say it's a $70 billion giveaway to the rich. Listening to demagoguery about the rich, I've sometimes wished that we could find a humane way to get rid of the rich so that we might better focus on what's in the interests of the other 99.44 percent of us. Creating more equipment, whether it's earthmovers, computers or technical innovation, is called capital formation. The capital gains tax is a tax on capital formation, and when anything is taxed, one...
  • A Swing and A Miss on Tax Reform (Tom DeLay Op-Ed)

    11/04/2005 2:16:18 AM PST · by RWR8189 · 23 replies · 869+ views
    Washington Post ^ | November 4, 2005 | Representative Tom Delay
    In case you were wondering what that giant "whoosh" emanating from Washington was, it was the sound of the people on the President's Advisory Panel on Federal Tax Reform swinging and missing at the easy underhand toss that George W. Bush sent their way. The commission was announced during the president's 2005 State of the Union address; its instructions were to overhaul a federal tax structure described in the speech as "archaic" and "incoherent." But rather than taking the president's broad mandate for fundamental, comprehensive reform, the panel recommended preserving the basic elements of the "archaic, incoherent" monstrosity already on...
  • Stephen Moore: Flat Tax Revolution (An idea whose time has come--just not here)

    09/01/2005 4:31:06 PM PDT · by RWR8189 · 4 replies · 348+ views
    Wall Street Journal ^ | September 1, 2005 | Stephen Moore
    The flat tax--the same tax rate for everyone, without all the deductions that now complicate the tax code--is an idea with a decades-long pedigree. Politically its high-water mark in the U.S. came in 1996, when Steve Forbes ran for the Republican presidential nomination against Bob Dole and a tired GOP establishment. Mr. Forbes single-handedly thrust revolutionary ideas into the political headlights--ideas about health insurance and Social Security, for instance, but most famously about the tax code itself. The GOP establishment hated his message, but the conservative rank-and-file loved it. Mr. Forbes was suddenly the talk of the town. There he...
  • Whatever Brown says, the flat tax is coming (To the UK)

    08/29/2005 5:57:35 PM PDT · by RWR8189 · 11 replies · 498+ views
    Daily Telegraph ^ | George Trefgarne
    Ask any politician about the possibility of having a flat tax in Britain, and they furrow their brow and say: "Hmm. Interesting idea. But it's just a tax cut for the rich isn't it? That's a tough sell." If they are a Conservative, they then descend into discussing the party's interminable leadership election (stay awake at the back). Such a parochial attitude may soon be dispelled. The flat tax - where all exemptions and allowances are abolished and everyone pays the same rate - is marching across Europe, just as other ideas have conquered the Continent once every generation or...
  • It Is Not Freaky for Growth to Follow Tax Cuts

    08/23/2005 8:11:11 PM PDT · by RWR8189 · 16 replies · 502+ views
    Financial Times ^ | August 23, 2005 | Amity Shlaes
    Better than expected. That is the headline being given to the progress of the US economy. Last year the deficit was a humiliating 3.6 per cent of gross domestic product. The deficit this year, new numbers suggest, will be 2.7 per cent of GDP - acceptable. The difference? Extra revenues. It seems federal revenues for this year will be $85bn (47bn Pounds) higher than anyone was predicting as recently as March. Growth, too, may be stronger than expected, remaining above 3 per cent. Unemployment? Some forecasters now believe it will dive deep into the mid-4 per cent range.These data are...
  • Revisiting Kelo v. New London: The Tax Consequences of the Supreme Court’s Ruling

    08/03/2005 2:56:54 PM PDT · by FreeKeys · 9 replies · 898+ views
    TAX POLICY BLOG ^ | August 3, 2005 | Chris Atkins
    In Kelo v. New London, the U.S. Supreme Court ruled that that Takings Clause of the U.S. Constitution did not bar the city of New London, CT, from using its eminent domain power to transfer ownership of land from homeowners to economic developers so long as the transfer furthered a valid “public purpose.” The Court accepted the argument of New London that transferring the property from the current homeowners to private developers would increase the number of jobs in New London and increase the tax revenues available to the city. This, in the Court’s mind, was enough to satisfy the...
  • Norm Coleman: Tax Cheats at the Government Trough

    06/25/2005 5:37:36 PM PDT · by RWR8189 · 9 replies · 570+ views
    New York Times ^ | June 25, 2005 | Senator Norm Coleman
    A private company that provides health care services for the federal government received more than $300,000 from the Treasury last year. That is unremarkable. What is remarkable, however, is that the company owes more than $18 million in back taxes. And at the same time the company was cheating taxpayers, its owner bought several multimillion-dollar properties and a fleet of luxury cars. Another contractor, which last year provided security guards for the Department of Homeland Security at a cost of $200,000, owes more than $400,000 in unpaid taxes. Its owner has repeatedly failed to file individual income taxes and has...
  • Kristol: Remember Tax Cuts?

    06/24/2005 11:37:52 AM PDT · by RWR8189 · 21 replies · 983+ views
    The Weekly Standard ^ | July 4 / July 11, 2005 | William Kristol
    TAX CUTS--especially the supply-side tax cuts of May 2003--were the controversial center of the Bush administration's first-term economic policy. Most Democrats opposed most of the tax rate reductions. John Kerry promised to repeal many of them if elected president. The president, and Republicans running for the Senate and House, promised to make them permanent. (For reasons having to do with artificial out-year budget calculations, most of the Bush tax cuts are scheduled to expire over the next few years.)Bush won and Kerry lost. Republicans increased their margins in Congress. So a bill to make the tax cuts permanent should be...
  • Not All Tax Cuts Are Created Equal

    06/15/2005 2:27:59 AM PDT · by RWR8189 · 3 replies · 488+ views
    Creator's Syndicate ^ | June 14, 2005 | Bruce Bartlett
    The other day, I was at a meeting of conservative activists and a young woman addressed the group asking for support in opposing plans to tax cosmetic surgery. Assuming taxes have to be raised somehow, taxing cosmetic surgery sounded like a pretty good idea to me -- the tax is essentially voluntary and falls mainly on the well-to-do. But everyone else in the room agreed that it would be a travesty to tax fake boobs. It occurred to me that conservatives have increasingly become just like liberals on tax policy in an important philosophical way. Neither liberals nor conservatives really...
  • The AARP vs. reform

    03/31/2005 5:06:14 AM PST · by Molly Pitcher · 6 replies · 402+ views
    TownHall ^ | March 30, 2005 | Ak'Bar Shabazz
    Today’s Social Security system is in dire condition. Most people will concede that something needs to be done to protect the benefits of today’s elderly. But, it should be equally important to all Americans to ensure that the younger generations get a return on the billions of dollars that are being withheld from them every pay period. With many Americans rapidly approaching retirement age and living longer, the income that Social Security currently collects will not be able to provide similar benefits to the masses of Americans who will be under that system in the very near future. Some of...
  • Owens vs. the Ratchet (The Colorado governor’s tough situation)

    03/28/2005 7:39:17 PM PST · by RWR8189 · 18 replies · 1,043+ views
    National Review ^ | March 28, 2005 | Ramesh Ponnuru
    Gov. Bill Owens of Colorado is used to praise from conservatives. National Review dubbed him "the best governor in America" on its cover (illustrating a profile by John J. Miller). Conservatives lauded him for, among other things, his record of cutting taxes and spending. In recent weeks, however, Owens has announced a budget deal with Democrats that has some conservatives furious. Grover Norquist, the head of Americans for Tax Reform, accuses Owens of "betraying" taxpayers. The editors of the Wall Street Journal have zapped him. Owens's critics say that he is not only raising taxes, but weakening his state's constitutional...
  • Beltran has Some Taxing Decisions

    01/05/2005 3:28:25 PM PST · by Ethrane · 5 replies · 373+ views ^ | Jan 5, 2005 | Darren Rovell
    If Beltran is looking to save a couple hundred thousand dollars, he also might want to sign before Jan. 12 and load up his contract in signing bonus money. That's because a 46-year-old loophole on signing bonuses will be closing next Wednesday. For the rest of the American public, signing bonuses count as wages earned, with both the employer and employee having to pay taxes under FICA (the Federal Insurance Contribution Act). But in 1958, baseball players -- the exclusion for other athletes later became understood -- were exempt from FICA taxes on their signing bonuses because it was determined...
  • Tax Advice for Mr. Bush: Consider the VAT ( Bruce Bartlett of National center for policy Analysis)

    12/04/2004 2:16:46 PM PST · by Ernest_at_the_Beach · 63 replies · 2,766+ views
    Fortune ^ | December 13, 2004 issue of Fortune | Bruce Bartlett - Senior Fellow at NCPA
    POLICYTax Advice for Mr. Bush: Consider the VAT The logic of a value-added tax is compelling and may soon be overwhelming. FORTUNE Wednesday, December 1, 2004 By Bruce Bartlett President Bush has pushed through some delightful changes in the tax code over the past four years: lower income tax rates, rebates, and increased business depreciation allowances, to name a few. It's been great. Except for one thing: When you consider those measures as a whole, they don't make much sense. Bush's tax policy--although "policy" may be stretching the meaning of the word--is a haphazard mess. What's scary is that the...
  • Bush taps Kellogg Co. CEO Gutierrez to head Commerce - Hassett, AEI, possible replacement of Mankiw

    11/29/2004 9:26:29 PM PST · by alessandrofiaschi · 2 replies · 567+ views ^ | 11/29/2004 | Alessandro Fiaschi
    Bush taps Kellogg Co. CEO Gutierrez to head Commerce Corbett B. Daly WASHINGTON (CBS.MW) -- President Bush announced Monday that Carlos Gutierrez, Kellogg Co.'s chief executive, would replace Don Evans as Commerce Secretary, making the first of what are expected to be many changes in his economic team. "Carlos Gutierrez is one of America's most respected business leaders," Bush said at the official announcement in the Roosevelt Room of the White House. (...) Gutierrez, 51, has been CEO at Battle Creek, Mich.-based Kellogg (K) since April 1999. Kellogg shares fell 51 cents immediately after news broke that the cereal maker...
  • Bush's Tax Cuts Are Unfair...

    10/21/2004 6:15:22 AM PDT · by crv16 · 19 replies · 676+ views ^ | 10/21/2004 | Steven Landsburg
    The Bush tax cuts (which Congress just voted to extend) are an affront to the most fundamental principles of fairness. They are skewed in favor of those who already pay less than their rightful share of taxes and shift the burden even farther onto the shoulders of the most overtaxed. In other words, the Bush tax cuts are unfair to the rich. I know there's a lot of hype to the contrary, but look at the numbers. If you and your spouse have a taxable income of $60,000 a year, you've had almost a 24 percent income tax cut since...
  • The New York Times Shades The Truth (Blatantly Shills for Kerry)

    10/11/2004 9:22:39 AM PDT · by RWR8189 · 6 replies · 733+ views
    THE NEW YORK TIMES SHADES THE TRUTHClaims Kerry Voted For Only One Tax Increase?  That's A Stat Only The Kerry Campaign Would Use___________________________________________________________________"In truth, Mr. Kerry essentially voted for one large tax increase, the Clinton tax bill of 1993, which mostly imposed additional income taxes on the wealthy but did include an increase in taxes on Social Security benefits for middle-income retirees." (Elisabeth Bumiller, "In A New Offensive, Bush Rearms His Stump Arsenal," The New York Times, 10/11/04)KERRY HAS VOTED 98 TIMES FOR AT LEAST$2.3 TRILLION IN TAX INCREASES 2003 Vote To Raise Income Taxes By $90 Billion. (S. 1689,...
  • Bush-Cheney '04 Launches New Television Advertisement, "Clockwork"

    10/04/2004 7:03:18 PM PDT · by RWR8189 · 19 replies · 1,606+ views
    George W. Bush ^ | October 4, 2004
    ARLINGTON, VA -- Today, Bush-Cheney '04 announced the release of the campaign's newest television advertisement, "Clockwork."  The ad notes that John Kerry and the liberals in Congress have voted for higher taxes an average of once every three weeks for 20 years.  Kerry and the liberals have voted to raise taxes on gasoline, Social Security benefits and middle class parents.  The ad will run on national cable and in select local markets. Script For "Clockwork"Voiceover:They voted to raise our gas taxes 10 times. And raise taxes on Social Security benefits.          Higher taxes on middle class parents 18 times.                                         John Kerry and...
  • Policy Memo: Point-by-Point Rebuttal of John Kerry's Economy Column in the Wall Street Journal

    09/17/2004 12:43:13 PM PDT · by RWR8189 · 10 replies · 1,288+ views
    George W. Bush ^ | September 17, 2004
    Memorandum From: BC '04 Policy DepartmentThis memorandum reviews and responds point-by-point to John Kerry's column about the economy that appeared in the September 15, 2004 edition of the Wall Street Journal.  It provides a quote from the Kerry op-ed and then factual responses.OverviewJohn Kerry continues to dismiss the fact the President Bush inherited a tired and crippled economy that then experienced the most extraordinary confluence of shocks that has occurred in any business cycle in modern U.S. economic history.  In December of 2003, John Kerry said, " ...we haven't been creating jobs to some measure because of the overhang of...
  • The Bush Line: President Bush's Record of Cutting Taxes

    09/17/2004 11:42:20 AM PDT · by RWR8189 · 6 replies · 594+ views
    George W. Bush ^ | September 17, 2004
    "Another drag on our economy is the current tax code, which is a complicated mess -- filled with special interest loopholes, saddling our people with more than six billion hours of paperwork and headache every year. The American people deserve -- and our economic future demands -- a simpler, fairer, pro-growth system. In a new term, I will lead a bipartisan effort to reform and simplify the federal tax code."-President Bush, 9/2/04 President Bush's Agenda For A Fairer, Simpler Tax CodeMaking the Tax Code Fairer, Simpler, and Pro-Growth.  President Bush will work with Congress to make the tax code...
  • Statement by U.S. Rep. Bob Ney (R-OH)

    09/07/2004 11:23:49 AM PDT · by RWR8189 · 1 replies · 375+ views
    George W. Bush ^ | September 7, 2004
    COLUMBUS, OH – U.S. Rep. Bob Ney (R-OH) today issued the following statement: "Access to quality health care and the growth of small businesses are two of the most important issues facing Ross County and the state of Ohio today. Yet, time and again, John Kerry and John Edwards have opposed common-sense health care reforms designed to provide greater access for rural communities and instead, supported their trial lawyer friends and the junk lawsuits that are overwhelming America's courts. Time and again, John Kerry and John Edwards have supported, and continue to support, higher taxes and increased regulations on small...
  • The $36 Billion Bonus: New York’s Gains from Federal Tax Cuts

    08/28/2004 7:01:58 PM PDT · by Stoat · 3 replies · 338+ views
    The Manhattan Institute ^ | August 2004 | E. J. McMahon
    This paper provides an Empire State perspective on federal income tax cuts enacted since 2001. It estimates the resulting decrease in New Yorkers’ tax payments and describes the implications for New York of proposed future changes in federal tax policy. Principal findings include: Through 2004, New York State’s share of the income tax cuts will total nearly $36 billion, including $15 billion in savings for New York City residents. In 2004 alone, New York State residents will save nearly $14 billion in federal income taxes, including nearly $6 billion in savings for City residents. This amounts to a 2.7 percent...
  • The Kerry Line: John Kerry Votes For Higher Taxes

    08/23/2004 2:52:13 PM PDT · by RWR8189 · 3 replies · 453+ views
    George W. Bush ^ | August 23, 2004
    "John Kerry promises not to raise taxes, but the reality is that he has cast 98 votes for tax increases, including voting ten times to raise gas taxes on the middle class. Kerry points to the largest tax increase in American history as the blueprint for his economic plan, which advisor Bob Rubin says Kerry won't reveal until elected. Kerry's credibility problem is only expanding as more and more Americans see the gap between what Kerry says and what Kerry does." - Steve Schmidt, Bush-Cheney '04 Spokesman John Kerry's Votes For Higher Taxes Kerry Voted 98 Times For Tax...
  • Policy Memo: John Kerry on Taxes

    08/16/2004 4:35:49 PM PDT · by RWR8189 · 1 replies · 611+ views
    George W. Bush ^ | August 13, 2004
    Sen. Gordon Smith (R-OR): "Measure 30 Is The Kind Of Thing That John Kerry Would Have Been Four-Square For."During John Kerry’s visit to Oregon today he’s likely to talk down recent economic gains while promoting his own economic plan which includes raising taxes. Oregonians understand that tax increases are not the way to create jobs and spur the economy. That's why they rejected Ballot Measure 30 (which would have been the largest tax increase in state history) by a 17-point margin. As Sen. Gordon Smith noted in yesterday's Bush-Cheney '04 conference call, "Oregonians are people who on tax issues are...
  • Analysis: GOP push for consumption tax

    08/02/2004 6:39:26 PM PDT · by RWR8189 · 59 replies · 1,319+ views
    UPI ^ | August 2, 2004 | Christian Bourge
    WASHINGTON, Aug. 2 (UPI) -- A report Monday that in his upcoming book House Speaker Dennis Hastert, R-Ill., endorses the elimination of the Internal Revenue Service and replacement of the current tax code with a national consumption tax or flat tax as a top GOP priority in a second Bush administration should come as no surprise, considering that conservative Republicans have been pushing such ideas for years. The Drudge Report's brief on Republican plans for eliminating the federal revenue-collection agency and the laws it enforces in favor of a national sale tax, value-added tax or even a flat tax rate...
  • Bullying in Berlin

    06/21/2004 6:05:41 AM PDT · by .cnI redruM · 3 replies · 232+ views ^ | June 21, 2004 | Joel Mowbray (archive)
    Editor’s note: This is the second in a two-part series. (Part one can be read here.) BERLIN – In two days of closed-door meetings recently, an international bureaucracy of industrialized nations—whose membership is dominated by “old Europe”—was attempting to “persuade” low-tax nations to raise taxes and eviscerate financial privacy. The Paris-based Organization for Economic Cooperation and Development (OECD), which receives some $50 million annually from U.S. taxpayers, has for six years pushed for eliminating what it calls “harmful tax competition”—which can be best described as any policy that undermines the ability of welfare states like France, Belgium, and Germany to...
  • Schlafly's Options for Dealing with Same-Sex Marriage Licenses

    03/04/2004 5:57:49 AM PST · by Theodore R. · 17 replies · 526+ views
    Email from Eagle Forum | 03-03-04 | Schlafly, Phyllis
    Options For Dealing With Same-Sex Marriage Licenses Mar. 3, 2004 Phyllis Schlafly Congress overwhelmingly passed and President Bill Clinton signed the Defense of Marriage Act (DOMA) in 1996, and there it rested peacefully on the law books until this year. Recent events are now placing the monkey squarely on the back of President George W. Bush to do his constitutional duty to "take care that the laws be faithfully executed." It's not enough that he is "troubled" about the marriage licenses that have been issued to over 3,000 same-sex couples in San Francisco and 26 in New Mexico, and may...