Taxes

FISCAL CLIFF: 54 Days Until $7 Trillion Tax Hike

By at November 8, 2012 | 10:15 am

FISCAL CLIFF: 54 Days Until $7 Trillion Tax Hike

by WYNTON HALL -- In 54 days, $7 trillion in tax hikes and spending cuts over the next decade will automatically go into effect.  If America goes over this "fiscal cliff," experts say the already rickety U.S. economy could implode. To avert the economic calamity, on Wednesday Speaker John Boehner offered President Barack Obama a "bridge" to help the nation safely ... Go To Article

Election 2012 , Featured , General , News , Politics , Taxes , , , , , ,

REVIEW & OUTLOOK: The Obama Storm Tax – WSJ

By at October 23, 2012 | 12:25 am

REVIEW & OUTLOOK: The Obama Storm Tax – WSJ

Review & Outlook: The Obama Storm Tax, Oct. 22, 2012 -- Behold the Obama Administration's new public works plan. Sue cities for polluting waterways and then as part of a settlement require them to spend, er, "invest" billions in extraneous sewer improvements. The White House doesn't even need legislation to pour this money down the drain. The Justice Department ... Go To Article

Barack Obama , Commentary , Economy , Election 2012 , Featured , General , Politics , Taxes , , , , , ,

PUZDER: Democratic Myth No. 4: All I’m asking is that folks like me go back to the rates we paid under Clinton – ConservativeNews

By at October 22, 2012 | 12:40 am

PUZDER: Democratic Myth No. 4: All I’m asking is that folks like me go back to the rates we paid under Clinton – ConservativeNews

By: Andrew Puzder, 10/19/2012 Editor’s Note: This analysis is the fourth in a five-part series on Democrats’ mythical sound bites by Andrew Puzder, an economic adviser to Mitt Romney and CEO of CKE Restaurants, which employs about 21,000 workers.  The third installment was entitled, “Democratic Myth No. 3: They Want to Return to Same Practices that Got Us into ... Go To Article

Barack Obama , Commentary , Election 2012 , Featured , General , News , Politics , Taxes , , , , ,

REVIEW & OUTLOOK:: Romney’s Tax Deduction Cap – WSJ

By at October 20, 2012 | 12:55 am

REVIEW & OUTLOOK:: Romney’s Tax Deduction Cap – WSJ

The Obama campaign and the press corps keep demanding that Mitt Romney specify which tax deductions he'd eliminate, but the Republican has already proposed more tax-reform specificity than any candidate in memory. To wit, he's proposed a dollar limit on deductions for each tax filer. During the first Presidential debate, Mr. Romney put it this way: "What are the ... Go To Article

Commentary , Election 2012 , Featured , General , Politics , Taxes , , , , ,

TAX STUDY:: Tax Deduction Cap Would Raise $1.3 Trillion – Washington Wire – WSJ

By at October 18, 2012 | 10:12 am

TAX STUDY:: Tax Deduction Cap Would Raise $1.3 Trillion – Washington Wire – WSJ

By Siobhan Hughes -- Associated Press Republican presidential candidate Mitt Romney greets a child during a campaign event at Ida Lee Park Wednesday, Oct. 17, 2012, in Leesburg, Va. (AP Photo/Alex Brandon) Republican presidential nominee Mitt Romney‘s suggestion for capping itemized deductions at $25,000 would generate about $1.3 trillion in additional revenue ... Go To Article

Economy , Election 2012 , General , News , Politics , Taxes , , , , , ,

REVIEW & OUTLOOK:: Schumer to Tax Reform: Drop Dead – WSJ

By at October 15, 2012 | 12:49 am

REVIEW & OUTLOOK:: Schumer to Tax Reform: Drop Dead – WSJ

The polls say voters want more bipartisanship, and one possibility in 2013 is tax reform that trades lower rates for fewer loopholes. Well, so much for that. The man who wants to be the next leader of the Senate Democrats has declared that this "old-style of tax reform is obsolete." The antireformer is Chuck Schumer, the Senator from Wall Street, er, New York, who ... Go To Article

Commentary , Election 2012 , Featured , General , Politics , Taxes , , , , , ,

TAXES:: IRS says ‘tax avoidance’ at heart of Solyndra bankruptcy plan – Washington Times

By at October 11, 2012 | 12:05 am

TAXES:: IRS says ‘tax avoidance’ at heart of Solyndra bankruptcy plan – Washington Times

By Jim McElhatton-The Washington Times Wednesday, October 10, 2012 -- The Internal Revenue Service urged a bankruptcy judge to reject solar panel maker Solyndra LLC’s bankruptcy plan Wednesday, saying it amounts to little more than an avenue for owners of an empty corporate shell to avoid paying taxes. “The undeniable conclusion is that tax benefits drive this ... Go To Article

General , News , Politics , Taxes , , , , ,

MITT ROMNEY:: The Secret Supply-Sider – NewYorkSun

By at October 4, 2012 | 12:40 am

MITT ROMNEY:: The Secret Supply-Sider – NewYorkSun

Editorial of The New York Sun | October 3, 2012 Governor Romney’s victory this evening in the first of the presidential debates — that seems to be the consensus of even the pro-Obama commentators — reminds us of an encounter with Prime Minister Thatcher. This was in the mid- late-1980s, when an editorial writer of the Wall Street Journal, Peter Keresztes, ... Go To Article

Commentary , Economy , Election 2012 , Featured , General , Mitt Romney , Politics , Taxes , , , , , , ,

THOMAS SOWELL:: Capital Gains Taxes | RCP

By at October 2, 2012 | 1:10 pm

THOMAS SOWELL:: Capital Gains Taxes | RCP

By Thomas Sowell -- One of the many false talking points of the Obama administration is that a rich man like Warren Buffett should not be paying a lower tax rate than his secretary. But anyone whose earnings come from capital gains usually pays a lower tax rate. How are capital gains different from ordinary income? Ordinary income is usually guaranteed. If you ... Go To Article

Commentary , Featured , General , Politics , Taxes , , , , ,

STEVEN GREENHUT:: California’s Failed Policies Are Driving Away Businesses and Residents – Reason

By at September 29, 2012 | 12:15 am

STEVEN GREENHUT:: California’s Failed Policies Are Driving Away Businesses and Residents – Reason

Steven Greenhut -- Not long ago, I penned a case for staying in California, arguing that there’s nothing wrong here that isn’t fixable. California, blessed by magnificent and varied geography, mild weather, and an “anything’s possible” culture, suffers mainly from a political process controlled by union advocates hell-bent on protecting their power and ... Go To Article

California , Commentary , Economy , Featured , General , Politics , Taxes , , , , , , , ,

Featuring Recent Posts WordPress Widget development by YD