Tag Archive for "Tax Policy"October 5, 2012
Vice President Slow Joe Biden admitted Thursday that he and failed President Barack Obama want to raise taxes on Americans by $1 trillion dollars.
Olympic medalists must add the value of their actual medal as well as their prize money to their taxable income and fork over up to 35% of what they won representing America at the 2012 London Olympic Games according to Americans for Tax Reform.
Saying it was about “helping job creators,” Barack Obama pushed a tax hike on individuals making over $200,000 a year and families making over $250,000 a year yesterday.
Their sexual promiscuity gave us AIDS. Their financial promiscuity gave us the S&L Scandal and Enron. Their unwillingness to serve their country tore us apart in the 1960s. Their crap tastes gave us Disco and leg warmers and Falcon Crest.
Indiana’s WBIW provides information about a WTHI-TV investigation into a $4 billion tax scam where illegal aliens claim multiple dependents in other countries – including nieces and nephews – on their tax returns to claim tens of thousands of dollars in tax refunds.
Credit where it’s due. Mike Fitzpatrick, our normally go-along-to-get-along “Republican” representative in Congress, banged the gavel to end an attempt by Democrats Steny Hoyer and Chris Van Hollen to introduce a bill to extend the cut in Social Security FICA funding by two months. Congressional Republicans want to extend the FICA tax rate for a year.
Republican Pennsylvania Senator Pat Toomey is pushing giant tax hikes, targeting common tax deductions such as the one for mortgage interest, to reach a debt reduction deal with Democrats on the Congressional Super Committee.
It seems that failed President Barack Obama was so focused on perfecting what Harry Reid would call his “negro dialect” during his Saturday night address to the Congressional Black Caucus that he went off script and accidentally revealed a hidden proposal in his tax-and-spend “Pass this Bill” plan.
I wasn’t going to write anything about failed President Barack Obama’s Class Warfare “Buffett Rule” and the other components of his $1,500,000,000,000 tax hike proposal because the proposal has nothing to do with reality and wasn’t proposed to pass. It was proposed to campaign on, and I’m not interested in promoting Obama’s campaign talking points.
After months of Barack Obama running around whining that “millionaires and billionaires have to pay their fair share” to mitigate the disastrous debt he’s personally saddled our country with, the failed President has finally put pen to paper and defined the specifics.