In the history of mankind, many republics have risen, have flourished for a less or greater time, and then have fallen because their citizens lost the power of governing themselves and thereby of governing their state. TR

Wh3

Video || Pelosi Promises to Raise Taxes if Democrats Take the House

Yes, because that’s what Democrats do. She must feel pretty confident of victory to be so blunt about it. This tax increase will take the form of rolling back last year’s tax reform law. “I do think we should revisit the tax legislation in a way that we always have, in a bipartisan, transparent way, that the result is unifying for the country,” she said

Read More »

Republicans Consider Raising the Gasoline Tax

Are you kidding me? Tax and spend? Republicans? From the Washington Examiner: Republicans are weighing whether to raise the federal gas tax. It’s an idea they are prone to hate, but they may need it to pay for President Trump’s infrastructure investment plan. Supporters of the idea note that the tax hasn’t been raised since 1993 and have plenty of evidence that resistance to a

Read More »

Why Trump’s Tax Plan is Not His Actual Tax Plan

This morning, NBC Today Host Matt Lauer asked Treasury Secretary Mnuchin to swear President Trump’s proposed tax cuts will pay for themselves. I wonder if Matt ever asked any member of the Obama administration to swear that people would be able to keep their doctor under Obamacare. Of course, Mnuchin didn’t raise his hand because he knows full well the tax cuts won’t pay for

Read More »

Trump Proposes 15 Percent Corporate Tax Rate; How About Zero?

President Trump Wednesday is expected to propose cutting the corporate tax rate to 15 percent, fulfilling a campaign promise and eclipsing a longstanding proposal by House Speaker Paul Ryan to drop the rate to 20 percent. I’ve got an idea. Let’s cut the rate to 0 percent. I honestly don’t understand the corporate income tax except that it appeases some sense of “fairness” harbored by

Read More »

Obama to Taxpayers: Fund My Jobs Proposals

President Obama today plans to effectively demand that taxpayers fund his jobs plans, saying tax increases that might be used to offset tax cuts long coveted by business should be rolled into financing his agenda instead of keeping things deficit-neutral. Speaking in Chattanooga, Tennessee on the latest stop in his soak-the-rich speaking tour, Obama will propose a scheme that is effectively a new spending outlay,

Read More »

October Surprise: Obama Wants a Tax Cut!

With just ten days remaining before Election Day, the White House has let word leak out that it is supposedly considering a tax cut as part of a new plan to stimulate the moribund economy. From the Washington Post: The new tax cut could provide hundreds of dollars or more a year to workers and show up in every paycheck. It may be similar to

Read More »

White House Suggests Flexibility on $250K Tax Threshold

The White House today suggested it may consider raising its $250,000 income level threshold for increasing tax rates, refusing to rule out acceptance of a new proposal by House Speaker Nancy Pelosi to raise the level to those earning $1 million or more. While saying President Obama’s position on setting the tax increase trigger at $250,000 is “clear,” White House Press Secretary Jay Carney did

Read More »

Did Obama Pay a Lower Rate Than His Secretary?

Updated 1:10 pm ET President Obama paid a total federal tax rate in 2011 on adjusted income of $789,674 that may be lower than that of his secretary, even though she earned substantially less. Obama has spent the past week touting the Buffett Rule, which calls on those who make $1 million – just a little more than Obama made – to pay at federal

Read More »

Obama Fails to Apply the Buffett Rule to Himself

President Obama chose not to subject himself to his own proposed Buffett Rule, paying only a 20.5 percent federal tax rate instead of the 30 percent rate called for under the proposal he has been talking about all week. The Buffett rule would apply to those making $1 million, and Obama did not quite make $1 million last year – he clocked in at $789,674.

Read More »

Health Reform Shatters Obama’s Tax Pledge

Workers are beginning to be informed of major health reform-mandated changes to their health care flexible spending accounts that will make the accounts far more difficult to use and that will limit the sum of health related products that can written off from taxes. The changes will result in higher taxes paid by workers making less than a quarter million dollars a year. President Obama

Read More »

Obama Sneaks in a Change to His Tax Pledge

Having spent $1 trillion on health care reform, Democratic leaders have checked the books and discovered to their dismay that THE UNITED STATES IN RUNNING UNBELIEVABLE DEFICITS. Sorry, let me get a hold of myself. It’s just that they’ve taken the big overindulgence at dinner that existed under GOP rule and turned it into an endless engorgement at a sumptuous buffet on the Titanic. Wait,

Read More »