Browsing: Taxes

With voters growing weary of the continuing games from Washington and yet another threat of a government shut down looming, Democrats and Republicans spent Thursday alternately declaring they had or had not reached a deal on funding the federal government through the current fiscal year. Senate Majority Leader Harry Reid (Democrat, Nevada) repeated Vice President Joe Biden's assertion that the two sides had at least agreed to a number, if not yet the details about what may be cut and what won't. House Speaker John Boehner (Republican, Ohio) quickly shot down Reid's statement, adamantly denying there was any deal at…

A new, nonpartisan analysis of Barack Obama's proposed 10-year budget reveals that the Obama administration has underestimated budget deficits by more than $2.3 trillion. In their preliminary report, the Congressional Budget Office (CBO) stated, "In all, deficits would total $9.5 trillion between 2012 and 2021 under the president's budget." The Obama budget projected $7.2 trillion deficits over the same period, understating deficits by $2.3 trillion dollars. Even more alarming, the CBO estimates that the "federal debt held by the public would double under the president's budget, growing from $10.4 trillion (69 percent of GDP) at the end of 2011 to…

Madison Wisconsin. (February 28) The call went out far and wide for massive protests to stand with the unions in Wisconsin. Every liberal, socialist, communist, Marxist, anarchist and left wing group in the country sent - and answered - the call. I have been watching in rapt fascination as a little known governor from an often overlooked state is honoring campaign promises he made when he was elected in November to balance the budget in Wisconsin.  In fulfilling his promises, a rare and honorable thing among politicians, Wisconsin has become a battle over far more than a state budget. Two…

Our elected officials in Washington have struck again. Just months after passing a tax-raising, job-killing health care bill, Congress approved and the socialist who resides in the White House has signed financial regulatory reform legislation that lacks - ironically enough - any actual reform. Proponents of the Dodd-Frank Wall Street Reform and Consumer Protection Act will undoubtedly hail it as a triumph of Main Street over Wall Street, but they have it backward. It will be small businesses and families shouldering the brunt of this legislation through higher fees, less choice, and fewer opportunities to responsibly access credit. So what…

WASHINGTON (AP) -- President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. "We want our money back," he said. All American taxpayers, myself included, wants "our money back," as the President so eloquently put it. Go get 'em champ...protect the taxpayers. Though, you must admit it sounds somewhat absurd coming from a guy that hands out billions of dollars at a time. And yet - at this point, anyway - I still don't disagree. Obama then branded the latest round of…

By KARL ROVE Americans learned last year that President Obama discards campaign promises like most people discard used Kleenex. Among the pledges he cast aside were reducing the deficit, reining in federal spending, not allowing lobbyists to work in his administration, increasing taxes only on those who make more than $250,000, and opposing "government-run health care" because it is "extreme." This year, Mr. Obama is picking up where he left off. Consider presidential signing statements. Since Andrew Jackson, presidents of both parties have told Congress that while they are signing a bill into law, they intend to ignore specific provisions…

House Republican Leader John Boehner (Republican-Ohio) issued the following statement after the Congressional Budget Office (CBO) confirmed in a letter tonight that the Republican health care plan will lower health care premiums by up to 10 percent and reduce the deficit by $68 billion over 10 years without imposing tax increases on families and small businesses: “When it comes to reforming health care, controlling skyrocketing costs is the American peoples’ top priority. Now CBO has confirmed that the Republican plan will lower health care costs for American families, and that’s good news for everyone struggling in today’s economy. The choice…

Today, voters in two key gubernatorial election races sent a message to the Obama Administration and Democratic Congressmen and Senators throughout the land. The message, when you boil it down, is the Yes We Can and Hope You Can Believe In election result of 2008 was a fluke, not a mandate. The voters in New Jersey and Virginia said they don’t trust Obama or the rest of the Politburo; they want less government, less spending and less socialism.  And the don’t want nationalized health care either. Conservative Republican Bob McDonnell won the Virginia governor's race by a wide margin Tuesday,…

Epic new spending and taxes, pricier insurance, rationed care, dishonest accounting:  The Pelosi health bill has it all. Speaker Nancy Pelosi has reportedly told fellow Democrats that she's prepared to lose seats in 2010 if that's what it takes to pass ObamaCare, and little wonder.  The health bill she unwrapped last Thursday, which President Obama hailed as a "critical milestone," may well be the worst piece of post-New Deal legislation ever introduced. In a rational political world, this 1,990-page runaway train would have been derailed months ago. With spending and debt already at record peacetime levels, the bill creates a…

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Hillary Clinton Belongs In Jail Not The White House

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