TAX ISSUES - a never ending story. The more government, the more taxes. Although all of us know, that taxes are necessary to run a country, there
is also a risk, that they not only run but ruin a country (the economy, the people) - which might be in the interest of some groups. Let's avoid the "i" in ruin! Learn about
people whose words and actions are hypocritical and are not in your, the people's, best interest as well as about how taxpayer money is wasted and more all about the issue 'taxes!
Appalling Abuse of Tax Dollars at DOE
The Office of Inspector General recently examined the use of a $1.1 billion meant for 15 projects. The reviews said that each project was suffering from financial and technical issues. Click here or on the thumbnail.
BREAKING NEWS: IRS Gives Big Cash to Big Wind
The IRS announced today that it would increase the value of the wind Production Tax Credit from 2.2 cents per kilowatt-hour to 2.3 cents per kilowatt-hour - a $500 million "price-tag", payable by the taxpayer. Click here or on the thumbnail.
A Carbon Tax Would Destroy America
Too many Americans still believe that CO2 is causing global warming, but CO2 plays no role in climate change and is barely 0.038 percent of the Earth's atmosphere.
Click here or on the thumbnail.
Carbon Tax: Australia’s Experience Is a Chance for the U.S. to Get It Right
Americans should run hard and fast away from the prospect of passing a carbon tax in this country, which some on Capitol Hill are proposing as a way to make a quick buck in the face of a spending crisis. Click here or on the thumbnail.
Virginia Attorney General Says Bob McDonnell’s Tax Hike Bill is Unconstitutional
Virginia Attorney General Ken Cuccinelli just released an opinion stating Bob McDonnell’s massive tax hike is unconstitutional. The full document is located here. Click here or on the thumbnail.
Taxes: Soaking the Rich Hurts Rich and Poor Alike
The wise course to follow in taxation and all other economic legislation is not to destroy those who have already secured success but to create conditions under which everyone will have a better chance to be successful. Click here or on the thumbnail.
Brookings Study Misleads on Carbon Tax
An old joke says that if you laid all the world’s economists end to end, you wouldn’t reach a conclusion. We see that truth in the policy debates over a carbon tax. Just when NERA released its study documenting the tremendous harms a carbon tax would impose on the economy—a study that I praised in this blog post—the Brookings Institution touted a rival study extolling the wonders of a carbon tax. Click here for the article.
Obamacare Tax Increases Will Impact Us All
The trillion dollars in tax increases from the Affordable Care Act have the potential to hinder small business and investment, and further set back a struggling economy. Click here or on the thumbnail.
NFIB: Small businesses want simpler tax code
An overwhelming majority of small businesses, 85 percent of those polled, want to see an overhaul of the tax code; 78 percent of those polled prefer a tax code with less preferential treatment. Click here or on the thumbnail.
Another Tax-the-Rich Plan Introduced in Congress
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." Click here for the article.
CBO: Tax Revenue Hits All-Time High
While President Obama claimed repeatedly that America’s problem lay just as much on the tax revenue side as it did on the government spending side, new statistics show what a lie that is. Click here or on the thumbnail.
Boxer-Sanders Carbon “Fee” Relies on Huge Bait-and-Switch
A recent story in EnergyGuardian (sub. req’d) centered on Senator Sheldon Whitehouse’s (D-R.I.) support for the carbon “fee” bill introduced by his colleagues Sen. Barbara Boxer and Sen. Bernie Sanders. Fortunately, the newly-released NERA study gives us a quantitative estimate of how much their scheme would hurt the U.S. economy.
Click here for the article.
New NERA Study Shows Economic Dangers of a Carbon Tax
A new study by NERA Economic Consulting, prepared for the National Association of Manufacturers (NAM), documents the economic dangers of a federal carbon tax. The study is very conservative in its assumptions (as I’ll explain below), giving the benefit of the doubt to the proponents of a carbon tax. Click here for the article.
CHART: Obama 2013 Tax Increase Twice as Large as Looming Sequestration
While Obama is traveling across the nation campaigning against sequestration at the very last minute, the economy is working through a tax increase nearly twice the size of the sequestration cuts for 2013. Click here or on the thumbnail.
Virginia Takes Obama Lead… Looks to Raise Taxes By Almost a BILLION Annually
Virginia Republican Gov. McDonnell aligns himself with the party that claims to stand for less taxes and smaller government, yet he embraces a plan to place a crushing tax hike on Virginia citizens. Click here or on the thumbnail.
Obama Pushes More Taxes in Budget Cuts Deal
Has anyone expected anything else than that? New Taxes, higher taxes, whatever works and whatever brings more money in that can be “redistributed” or blown out of the window for all kind of crap. Click here or on the thumbnail.
Simpson–Bowles Redux: Another $600 Billion Tax Increase
Erskine Bowles and Alan Simpson, former co-chairs of the 2010 White House deficit-reduction panel whose plan failed, released an outline for a new proposal on their own today. Click here or on the thumbnail.
Facebook to Pay Zero Taxes, Will Receive $429 Million Tax Refund
While Obama spends a lot of time talking about how the “rich” should pay their fair share, expect Obama to mention this minor incident… never. Fair share paying doesn’t apply to Obama supporters... Click here or on the thumbnail.
Tax Increase for one and all
Tax increase for one and all, yes we’re seeing them. In 2008 then candidate Obama promised that no one making $250,000 or less would pay more in taxes. Of course we all know how that’s turned out. Click here or on the thumbnail.
Democratic senator pushing higher taxes faces outstanding $1,200 tax penalty
On Capitol Hill, Democratic Sen. Mary Landrieu is arguing that the government needs more tax revenue - but not from her. She and her husband appear to have not yet paid $1,206.95 in tax penalties... Click here or on the thumbnail.
Watch Out…The President’s Talking “Balance” Again
You should be nervous. Obama is, once again, talking about a “balanced approach” to fixing sequestration—the across-the-board budget cuts scheduled to hit America. Translation: your pocketbook is threatened. Click here or on the thumbnail.
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