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The Supreme Court announced Monday it would take up a case considering whether Congress can tax income before it is received. The case, Charles G. Moore et ux. v. United States, stems from a Washington state couple’s 2019 lawsuit against the government for a nearly $15,000 tax bill imposed on their small investment in an overseas company, from which they never earned a profit. It considers whether taxes on unrealized gains are legal under the 16th Amendment, which enables Congress to tax incomes “without apportionment among the several States.” Hank Adler, Burra Executive Professor of Accounting at Chapman University, previously...

This is Newt Gingrich defending President George Bush 41 on the bill that raised taxes called the Omnibus Budget Reconciliation Act of 1990. In all fairness to Newt, he and all but 10 Republicans voted against it, but listen to the way he defends Bush. It is the same as people defending the GOP today. This interview occurred on the Bob Grant Show on 10/25/1990. The bill was passed on 11/5/1990. ”>< /a>

Who was the better President? Bush 41 or 43? Reason I ask is I posted a thread today about Bush 43 and it got a lot of responses back.. I would say Bush 41 got more done in one term then his son in two terms. End the cold war and Iraq.

Are we really doing this again? Are we really talking about returning to masking? Again? Last weekend, Los Angeles County reinstituted its mask mandate for indoor settings. More than 60 percent of the county is fully vaccinated, but the mandate applies to both vaccinated and unvaccinated people. The move is absurd in several ways. For starters, it throws shade on the vaccines. If vaccination works, why do the vaccinated need to be masked? And if we do still need to be masked post-vaccine, why would anyone take the jabs? The vaccinated are protected, and the unvaccinated have had enough time...

President Biden is reportedly planning the first major hike in federal taxes in almost 30 years to fund the economic program set to follow the recently approved $1.9 trillion pandemic stimulus package. Unidentified sources told Bloomberg that the increases will reflect the promises Biden made during his 2020 campaign. The planned increases reportedly include: raising the corporate tax from 21 percent to 28 percent; increasing the income tax rate on people making more than $400,000; expanding the estate tax; paring back tax preferences on pass-through businesses such as limited-liability companies; and setting up a higher capital gains tax rate for...

ANALYSIS — It took 35 days, but President Donald Trump ultimately caved to Democratic demands that he reopen the government before they’d entertain negotiations on border security. And in 21 more, Trump will have to decide whether to give in again, because he’s not likely to get what he wants. Trump agreed Friday to back a three-week continuing resolution that will reopen the government through Feb. 15. But he is not giving up on his quest to secure funding for wall along the southern border. “We really have no choice but to build a powerful wall or steel barrier,” Trump...

President Trump on Friday sought to defend his decision earlier that day to end the ongoing partial government shutdown without getting funding for his long-desired border wall. “I wish people would read or listen to my words on the Border Wall. This was in no way a concession," Trump tweeted. "It was taking care of millions of people who were getting badly hurt by the Shutdown with the understanding that in 21 days, if no deal is done, it’s off to the races!” Donald J. Trump ✔@realDonaldTrump I wish people would read or listen to my words on the Border...

Good news for George Herbert Walker Bush: As of today, he is no longer the biggest wimp ever to serve as President of the United States. — Ann Coulter (@AnnCoulter) January 25, 2019

It will go down as one of the most famous broken promises in political history. In 1988, George H.W. Bush stood before delegates to the Republican National Convention and vowed: "Read my lips: no new taxes." Bush, who died Friday night at 94, had been trailing opponent Michael Dukakis by as much as 17 points. He made the pledge as part of his effort to draw a contrast with an opponent he wanted to define as a Massachusetts tax and spend liberal. It worked and helped him win in a landslide. But then, in 1990, under pressure to strike a...

The Democrats well remember their success in baiting George H. Bush into alienating his base by persuading him to renege on his campaign pledge: “Read my lips … no new taxes!” Well the new taxes came, the already suspicious base could no longer rationalize to themselves that Bush would continue the Reagan legacy, and Bush was a single-term President. His successor being none other than Bill Clinton. If granting amnesty to illegal aliens — who are trespassers in this land — does not equate to a “read my lips” level betrayal, it’s hard to imagine what would be. The White...

Former President George H.W. Bush says he is not too excited about "blowhard" President Trump and confirmed in a new book that he voted for Hillary Clinton. “I don’t like him,” Bush, 93, says in the book, according to a review by The New York Times. “I don’t know much about him, but I know he’s a blowhard. And I’m not too excited about him being a leader.” In the book, titled “The Last Republicans,” the 41st president also revealed that he voted for Trump’s Democrat rival Clinton in the 2016 White House race.

Whispers of "payback" are being directed at Hillary Clinton after she decried as "unprecedented" the surprise FBI revival of its probe of her email scandal. That's because 24 years ago, as former President George H.W. Bush was surging back against challenger Bill Clinton, a special prosecutor raised new charges against Bush in the Iran-Contra probe, prompting Clinton to claim he was running against a "culture of corruption."

Former President George Bush, 91 and frail, is straining to understand an election season that has, for his son and the Republican Party, lurched sharply and stunningly off script. And he is often bewildered by what he sees. “I’m getting old,” he tells friends, appraising today’s politics, “at just the right time.” These are confounding days for the Bush family and the network of advisers, donors and supporters who have helped sustain a political dynasty that began with the Senate victory by Prescott Bush, the older Mr. Bush’s father, in Connecticut 63 years ago. They have watched the rise of...

Jeb Bush has enthusiastically endorsed a "grand bargain" tax increase with Democrats, says his father's 1990 "Read My Lips" tax increase "created the spending restraint of the 90's," (false -- see details below) and refuses to sign the Taxpayer Protection Pledge to the American people. And today, as reported in a piece by The Daily Beast's Tim Mak, the Jeb Bush camp refuses to even answer the question of whether Jeb will make any general statement promising not to raise taxes: Pressed regarding Jeb Bush’s positions on taxes, his aides did not directly respond to a question about whether Jeb...

Kennedys honor George H.W. Bush's ‘read my lips’ flip-flop with Profile of Courage award The Kennedy foundation is praising George H.W. Bush for risking “his reputation and ultimately his political career by forging an important compromise on the budget in 1990.” Jack Schlossberg, President Kennedy’s grandson and a Yale University student, will present the award to Bush at a ceremony in May. George H.W. Bush’s epic “read my lips: no new taxes” promise cost him a second White House term, but it’s earning him a 2014 Profile in Courage award from the Kennedy clan. Despite his fervent pledge against a...

<p>I'm a helpful chap. Obama's been caught in his own personal "Read My Lips, No New Taxes" moment. He said, "If you like your health care plan, you can keep it. Period."</p> <p>Well, that wasn't true. So now he's changing the lie, saying, "You can keep your plan, if the plan didn't change since the law was passed."</p>

Mitt Romney has muddied his message on the GOP's signature issue of taxes at a time of growing frustration in the party about the direction of his campaign. Now struggling in the polls, the Republican nominee said this week that President Obama had not raised taxes and downplayed the tax relief in his own proposal... "It's not a particularly compelling message to tell people you're not going to see much of a tax cut in the way most people think of tax cuts," said Jim Pethokoukis of the American Enterprise Institute... Larry Kudlow, a prominent supply-side commentatot said he was...

President Obama signaled in our interview that he was prepared to address some of the concerns raised by key Senator Jay Rockefeller, who called the Baucus bill a “big middle class tax increase” this week. That means he’ll support more subsidies for middle class families. But in our most spirited exchange, the President refused to accept the argument that a mandate to buy health insurance is equivalent to a tax. Here it is: STEPHANOPOULOS: You were against the individual mandate… OBAMA: Yes. STEPHANOPOULOS: …during the campaign. Under this mandate, the government is forcing people to spend money, fining you if...

Less than two weeks before Iowa Republicans make their crucial caucus choices on the night of Jan. 3, George H.W. Bush offered words of support, if not an official endorsement, to an old friend, former Massachusetts Gov. Mitt Romney, according to a story today in the Houston Chronicle. “I think Romney is the best choice for us,” former President Bush told the newspaper. “I like Perry, but he doesn’t seem to be going anywhere; he’s not surging forward.” The former president’s choice is a blow to native son Rick Perry, the Texas governor who has had a long-standing feud with...

It's a database of words that no lawmaker can talk their way out of. "We just want lawmakers to be a little bit more transparent and accountable," said Tom Lee, with the non-profit Washington, D.C. organization the Sunlight Foundation. On Monday, it announced a retooled and beefed up website, capitolwords.org, that tracks every word uttered on the floor of the U.S. House and Senate, going back 15 years. "It's not only something that's fun," Lee said, "but it's also a serious tool. It can be used to show deliberate ways in which language is used to manipulate the public.