Posts Tagged ‘taxes’

Poll: Americans Strongly Oppose Debt Limit Increase

Liberty Central has noted that Congress must soon decide whether to raise the federal debt ceiling or not. If the federal government is not authorized to borrow additional money, spending must immediately be brought into line with revenues. Which course do the American people want Congress to take? One current...

See More

Senate to Hold Tax Increase Votes Today UPDATED: Bills Rejected

On Thursday, the House of Representatives held a symbolic vote to extend current tax rates for those earning less than $250,000 annually, and raise taxes on those who earn more. Today, the Senate will do the same: Senate Democrats braced for a pair of showdown votes on tax cuts scheduled...

See More

Liberals falsely attack on outsourcing while keeping American corporate money overseas

Liberals have resorted to desperate political attack ads that have already been proven totally false. The Democratic Congressional Campaign Committee released a series of advertisements claiming that opposition to tax increases is support for sending jobs to China and India. The DCCC’s claim, which was proven false by FactCheck.org several...

See More

Texas: Model for Economic Success

The state of Texas led the nation with 119,000 new jobs created from August 2009 to August 2010. The total for the United States as a whole was 214,000, meaning the Lone Star state accounted for over half of the nation’s job growth during this time. The Texas model for...

See More

“Soak the Rich” Equals Weakened Economic Performance

Economist Arthur Laffer takes on proposals to raise taxes for higher income earners by pointing out that states that tax the rich heavily weaken their economic performance. Laffer is discussing a plan to add a personal income tax to the state of Washington, but its principles apply everywhere. As liberals fight about...

See More

WSJ: The Democrat Tax Retreat

The Wall Street Journal considers the decision by Congressional leaders not to vote prior to the election on legislation to block the Obama tax increases. As the Journal notes, this entire ugly episode is precisely what happens when a governing philosophy is repudiated: Listen closely to the political debate in...

See More

Senate to Postpone Tax Vote until after Election

On Thursday evening, Senate Democrats passed up the opportunity to vote on extending the Bush tax cuts until after the November election. There is a split within the party between liberals and moderates about whether to extend the cuts for all Americans, or limit them to the middle class. With so...

See More

Video: Boehner Calls for Vote to Block Tax Increases

Today Congressman John Boehner challenged Speaker Nancy Pelosi to allow the House of Representatives to vote on whether to impose the largest tax increase in American history. It increasingly appears that a bipartisan majority of the House likely opposes this tax increase, but Pelosi has so far refused to allow...

See More

Van Hollen Shifts on Taxes

This could turn out to be a very significant policy shift, indeed: U.S. House Democrat Chris Van Hollen said he would consider extending Bush-era tax cuts for wealthier Americans for a year if Republicans would agree to make the reductions permanent for “middle class” taxpayers. Republicans, including House Minority Leader...

See More

Boehner calls for firing of Geithner, Summers

House Minority Leader John Boehner (R-OH) today called on the Obama Administration to remove Treasury Secretary Timothy Geithner and Economic Adviser Larry Summers. During a speech laying out an economic agenda for the GOP, Boehner said that Geithner and Summers have spent the last 19 months promoting ‘government as community organizer’ and...

See More