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Keyword: taxtherich

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  • Bill de Blasio Will Push for Tax on Wealthy to Fix Subway

    08/06/2017 10:23:32 AM PDT · by EinNYC · 33 replies
    NY Slimes ^ | AUG. 6, 2017 | EMMA G. FITZSIMMONS
    <p>Mayor Bill de Blasio plans to push for a tax on wealthy New Yorkers to pay for improvements needed to address the crisis engulfing New York City’s subway, city officials said on Sunday, the latest salvo in the battle between Mr. de Blasio and Gov. Andrew M. Cuomo over who bears responsibility for repairing the deteriorating transit system.</p>
  • Rich New Yorkers Ask State to Raise Their Taxes

    03/22/2017 2:59:02 PM PDT · by Trump20162020 · 26 replies
    NBC News ^ | March 21, 2017 | AP
    ALBANY, N.Y. — Some of the wealthiest New Yorkers are asking the state to raise their taxes. Eighty people including George Soros, Steven Rockefeller and Abigail Disney wrote to lawmakers and Democratic Gov. Andrew Cuomo saying they and other top earners should pay more to support schools, roads, bridges and programs to help poor and homeless residents of the state. "Now is the time to invest in the long-term economic viability of New York," the letter reads. "We need to invest in pathways out of poverty and up the economic ladder for all of our fellow citizens, including strong public...
  • Trump Says Taxes for the Wealthy Should Go Up

    05/08/2016 7:10:24 AM PDT · by Nachum · 119 replies
    Newsmax ^ | 5/8/16 | Thompson/Reuters
    Donald Trump said on Sunday that taxes for the wealthy should go up but that his tax plans would likely be renegotiated with Congress should he win the U.S. presidency. "For the wealthy I think frankly it is going to go up and, you know what, it really should go up," the presumptive Republican presidential nominee told NBC's "Meet the Press." Trump said that he see his current tax plans, which would reduce taxes for the middle class and businesses and increase those for the wealthy, as a negotiating "floor" that may change in dealings with Congress. Latest News Update...
  • Kristol: It won't kill us if we raise taxes on millionaires (Shut Up Bill!)

    11/12/2012 8:07:06 AM PST · by SeekAndFind · 69 replies
    American Thinker ^ | 11/13/2012 | Rick Moran
    This is called surrendering before the war starts: Conservative commentator and Weekly Standard editor Bill Kristol said Sunday the Republican Party should accept new ideas, including the much-criticized suggestion by Democrats that taxes be allowed to go up on the wealthy. ***** "It won't kill the country if we raise taxes a little bit on millionaires," he said on "Fox News Sunday." "It really won't, I don't think. I don't really understand why Republicans don't take Obama's offer." "Really? The Republican Party is going to fall on its sword to defend a bunch of millionaires, half of whom voted Democratic...
  • Trump: You Bet I Support Raising Taxes on the Rich

    04/21/2016 2:08:04 PM PDT · by Responsibility2nd · 525 replies
    Townhall ^ | 04/21/2016 | Guy Benson
    GUTHRIE: Do you believe in raising taxes on the wealthy? TRUMP: I do. I do – including myself. I do. That was...this morning, in an interview that featured some other controversial statements.  In fairness to Trump, he's been using the "raise taxes on rich people like me" line for months, embracing Obama-style class warfare tax gimmicks like the 'Buffet Rule.'  But raising taxes on anyone, an outcome Trump just re-endorsed, is not what his formal policy agenda proposes.  Just the opposite.  As we've seen on issues such immigration, abortion and foreign policy, Trump routinely makes clear that he isn't familiar with his own positions.  His stances aren't...
  • Wallace: SoCons Aside, Republicans Should Consider Supporting Hillary

    03/21/2016 6:05:40 AM PDT · by governsleastgovernsbest · 36 replies
    NewsBusters ^ | Mark Finkelstein
    Talk about your Hobson's Choice . . . on today's Morning Joe, Nicolle Wallace, citing GOP consultants, suggested that--other than social conservatives--Republicans concerned with foreign policy should consider supporting Hillary Clinton over Donald Trump. Hillary supporter Harold Ford, Jr. could be heard chiming in with a "well said." Wallace was echoing the argument laid out by Joe Scarborough: that on a range of issues from foreign intervention to Israel, taxing the rich to breaking up the banks, Clinton's positions are closer to those of the GOP establishment than Trump's. But Joe, Nicolle and those Republican consultants are forgetting one overriding...
  • Donald Trump wants to tax the rich. Will Republican voters agree with him?

    01/21/2016 7:53:12 PM PST · by TBP · 75 replies
    The Washington Post ^ | August 28, 2015 | Greg Sargent
    The chatter continues this morning about Donald Trump’s call for raising taxes on the rich.
  • Neil Cavuto Repeatedly Confronts Student Pushing Free College Plan With Harsh Facts (Brutal)

    11/12/2015 6:48:44 PM PST · by Beave Meister · 73 replies
    The Blaze ^ | 11/12/2015 | Tré Goins-Phillips
    Keely Mullen, an organizer for the Million Student March movement, joined Fox Business Network anchor Neil Cavuto on the air Thursday to discuss the movement’s demands for free public college, student debt cancelation and a $15-an-hour minimum wage for student workers. In the awkward 9-minute interview, Cavuto repeatedly cited facts and figures that seemed to fluster the student. When asked who would pick up the tab for the demands she listed, Mullen said, “The 1 percent of people who are hoarding the wealth and causing a catastrophe students are facing.” “If the 1 percent just had their taxes raised a...
  • House Democrats unveil budget matching Obama’s tax increases

    03/23/2015 11:18:17 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Mar 23, 2015 1:20 PM EDT | Andrew Taylor
    House Democrats have unveiled a $3.7 trillion budget plan for next year. It mirrors President Barack Obama’s call for $1.8 trillion in tax increases on wealthier people and corporations over the coming decade but would add almost $6 trillion to the national debt over that time. […] The plan calls for a wave of new spending for infrastructure like roads and bridges and additional funding for education and medical research. It would make modest curbs on the rapid growth of the popular Medicare program. …
  • Obama’s record budget: Tax the rich, help middle class

    02/02/2015 2:22:38 PM PST · by Olog-hai · 16 replies
    Associated Press ^ | Feb 2, 2015 4:24 PM EST | Andrew Taylor
    Promising to help America’s middle class, President Barack Obama on Monday sent Congress a record $4 trillion budget that would hammer corporate profits overseas and raise taxes on the wealthy while boosting tax credits for families and the working poor. Obama’s budget also would steer hundreds of billions of dollars to the nation’s crumbling infrastructure of roads and bridges, help provide two years of free community college and reverse the across-the-board, automatic budget cuts that have slammed the Pentagon and nearly every government department. In the face of certain opposition from Republicans, an optimistic Obama hailed a “breakthrough year for...
  • APNewsBreak: Obama ties foreign profits tax to public works

    02/01/2015 12:20:37 PM PST · by Olog-hai · 34 replies
    Associated Press ^ | Feb 1, 2015 11:18 AM EST | Jim Kuhnhenn and Andrew Taylor
    President Barack Obama’s budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said. The proposal, one of the main components of the $4 trillion spending plan for the 2016 budget year that Obama will send to Congress on Monday, attempts to tap into bipartisan support for spending on badly needed infrastructure repairs and construction. The tax on accumulated foreign profits would be set at 14 percent and due immediately. Under current law,...
  • Obama Wants The Death Tax Increased to 60 Percent, More Taxes on College Savings

    01/19/2015 12:21:35 PM PST · by Nachum · 71 replies
    townhall.com ^ | 1/19/15 | Katie Pavlich
    As the old saying goes, there are two things that are certain in life, death and taxes. Tomorrow night during his 2015 State of the Union speech, President Obama will announce that people paying taxes their entire lives just isn't good enough. The President wants the current 40 percent death tax rate increased to 60 percent. Americans for Tax Reform breaks down the details: 2. Stealth increase in the death tax rate from 40% to nearly 60%. Under current law, when you inherit an asset your basis in the asset is the higher of the fair market value at the...
  • Obama’s State of the Union speech to include $320B tax hike proposal

    01/17/2015 5:49:17 PM PST · by jazusamo · 57 replies
    The Washington Times ^ | January 17, 2015 | Dave Boyer
    President wants capital gains rate, bank fees raisedEscalating his battle with congressional Republicans, President Obama will propose $320 billion in higher taxes in his State of the Union address, mostly by raising the rate on capital gains and closing tax loopholes for wealthier families, senior administration officials said Saturday. Mr. Obama also will call on lawmakers to impose a new fee on big banks with more than $50 billion in assets to discourage risky financial investments, a holdover from the Wall Street crisis that is sure to appeal to the president’s liberal base. The money raised would pay for a...
  • New IRS Data Expose Dems' Phony Tax-the-Rich Mantra

    01/12/2015 3:54:42 PM PST · by jazusamo · 9 replies
    Investors.com ^ | January 12, 2015 | Editorial
    Taxes: Democrats unveiled a plan Monday that — surprise — would boost taxes on the rich. But new IRS data show these soak-the-rich campaigns are based on total falsehoods. 'Our tax code today is stacked in favor of people who make money off of money and against those who make money off of hard work," Rep. Chris Van Hollen, the top Democrat on the Budget Committee, said Monday. The plan he announced — which to be sure has no chance of being enacted — would boost taxes on the top 1% and hand out checks to the middle class each...
  • Income Inequality Author Turns Down Prestigious Award

    01/03/2015 8:44:05 AM PST · by Kaslin · 17 replies
    Townhall.com ^ | January 3, 2015 | Mike Shedlock
    French economist Thomas Piketty, author of the surprise best-selling Capital in the 21st Century turned down France's top award, the Legion D'Honneur. "I do not think it is the government's role to decide who is honourable", said Piketty. Nobel Prize-winning economist Paul Krugman called it "the most important economics book of the year - and maybe of the decade". Krugman likely says that because he believes in Piketty's socialist solutions to income inequality. Thomas Piketty's Capital Review Piketty's book is a massive 696-page slog. Fortunately, Harvard Business Review offers this synopsis: Piketty’s “Capital,” in a Lot Less than 696 Pages.The...
  • The Obama Economy Stinks and It's Going to Get a Lot Worse

    03/29/2014 6:01:46 AM PDT · by Kaslin · 65 replies
    Townhall.com ^ | March 29, 2014 | Donald Lambro
    WASHINGTON - The news media was ecstatic when the government said in January that the economy grew by 3.2 percent in the last three months of 2013. It was convincing proof, they said on the nightly news, that the economy had finally recovered from its chronic lethargy. But according to a revised estimate released Thursday by the U.S. Commerce Department's Bureau of Economic Analysis, that 3.2 percent figure was a wild exaggeration. The U.S. gross domestic product (GDP), the broadest measure of our country's entire economic output, grew no more than 2.6 percent in the fourth quarter -- a pitifully...
  • EU nations agree on rules to fight tax evasion (tax avoidance actually)

    03/20/2014 5:43:47 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Mar 20, 2014 8:31 PM EDT | Raf Casert
    European Union nations on Thursday agreed on a sweeping policy to fight tax evasion after tiny Luxembourg dropped its reservations to new rules which render its secretive banking culture more transparent. Luxembourg Prime Minister Xavier Bettel confirmed at Thursday’s summit of EU leaders “the willingness of the government to take that road,” a key step to scrap the banking secrecy for foreigners. […] The legislation proposes an EU-wide automatic exchange of data on bank deposits to allow governments to identify and pursue tax evaders with foreign accounts on home soil. Van Rompuy said it would “close down loopholes, promote automatic...
  • Obama seeks deal, proposes cuts to Social Security

    04/06/2013 1:10:26 AM PDT · by Olog-hai · 46 replies
    Associated Press ^ | Apr. 5, 2013 5:40 PM EDT | Jim Kuhnhenn and Andrew Taylor
    Seeking an elusive middle ground, President Barack Obama is proposing a 2014 budget that embraces tax increases abhorred by Republicans as well as reductions, loathed by liberals, in the growth of Social Security and other benefit programs. The plan, if ever enacted, could touch almost all Americans. The rich would see tax increases, the poor and the elderly would get smaller annual increases in their benefits, and middle income taxpayers would slip into higher tax brackets despite Obama’s repeated vows not to add to the tax burden of the middle class. His proposed changes, once phased in, would mean a...
  • Another Tax-the-Rich Plan Introduced in Congress

    03/08/2013 9:59:55 AM PST · by Olog-hai · 24 replies
    Cybercast News Service ^ | March 8, 2013 | Susan Jones
    Congressional liberals aren’t done taxing wealthy Americans. On Thursday, Sens. Bernie Sanders (I-Vt.) and Rep. Peter DeFazio (D-Ore.) introduced the Keeping Social Security Promises Act, which asks the wealthiest Americans to “pay their fair share into the fund.” “The people on top are doing phenomenally well,” Sanders told a news conference on Thursday. “It is time to ask them to help us, in this case with making sure Social Security is there for our kids and grandchildren.” The bill would require those with yearly incomes of $250,000 or more to pay the same 6.2 percent payroll tax that is currently...
  • Ben Carson: US Like Ancient Rome; Obama Not My Target

    02/09/2013 6:20:36 AM PST · by KeyLargo · 58 replies
    Newsmax ^ | Feb 8, 2013
    Newsmax Ben Carson: US Like Ancient Rome; Obama Not My Target Friday, February 8, 2013 10:05 PM World-renown pediatric neurosurgeon Dr. Ben Carson told conservative radio and television host Armstrong Williams on Friday that his attacks on the nation’s ills in his speech at the National Prayer Breakfast this week were not directed at President Barack Obama. In his first interview since upstaging the president at the event on Thursday, Carson, director of pediatric neurosurgery at Johns Hopkins University in Baltimore said his comments were “directed at the situation that is going on in our nation and how we can...