The NYT has a couple of articles one dealing with the pain the tax hikes have caused and another with how the lower income people where hit the hardest. And conveniently the NYT forgets to mention the “WHO” and “WHY” of it all in either piece. I am sure if they thought they could get away with it they would blame Boosh, but by now this tired and false excuse doesn’t even work with … Read more
Tag Archive: Taxation
Fiscal Cliff I: The Search for More Money
As Thrill noted, the so-called fiscal cliff was semi-averted last night. I didn’t pay too close attention to the debate since the basics of the deal had been hashed out days before. All we had last night was political theater. It’s true that 2/3 of the Republican House voted against it. But they allowed it to come to a vote and most voted after they were sure it would pass as an ass-covering maneuver. I’m … Read more
Why doesn’t Obama know?
When the WH economists know that Bush Tax cuts are not responsible for deficits? Here is the pertinent section:
Turn to Pages 411-413 of his 2012 Economic Report of the President, published by the Council of Economic Advisers. They show that “the math,” as Obama is wont to say, in fact does add up for tax cuts.
After President Bush in late May 2003 signed the largest tax cut since President Reagan — including
Sunday Six Pack
NPR recently had group of economists discuss policies that they think are great for the country but that politicians consider radioactive. The group of economists was actually quite diverse, ranging from George Mason libertarian (and frequently linked Cafe Hayek blogger) Russ Roberts to Cornell liberal Robert Frank. What six policies could that group possibly agree on? And why wouldn’t politicians embrace policies that enjoy such a broad consensus?
One: Eliminate the mortgage tax deduction, which
The Ex-Pat Act
It seems that every week brings some stupid/repulsive piece of legislation out of the Democratic “leadership”. A few weeks ago, it was the repellent People’s Rights Amendment. Then last week, it was the Trayvon Amendment. And now, it’s the Ex-Patriot Act:
Facebook co-founder Eduardo Saverin has gone ahead and given up his U.S. citizenship before the social network’s IPO, thereby saving an estimated $67 million in taxes, and personally pissing off our nation’s leaders.
Futile Gesture
Feeding the beast, the ever ravenous appetite of government spending waste has been the largest impediment to fiscal solvency. The mantra of this administration, couched in deceptive terms like ,”Paying their fair share”, has always been income equality. But raising taxes only leads to more spending, which leads to even more calls for raising taxes, all the while the junkie gets more smack, and the drug problem goes unanswered.
Some liberal do gooder (at least … Read more
Mythologizing the Myths
Kevin Drum has a post up addressing various “Right Wing Myths” about the economy. Some of these myths are self-refuting: he claims the stimulus worked because economic models indicate that it should have worked, he repeats the claim that 1937 proved Keynesian theory (ignoring that 1946 refuted it), he pretends that the Reagan tax cuts didn’t stimulate the economy, he ignores an anti-correlation between unemployment and profits, he claims that since a narrow plurality cite … Read more
What Taxes Go For
All right, his has got to stop, liberals. You just sound so stupid every time you say it.
Here is the latest “amusement” from the Left about those dumb “teabaggers”, via Unreal Americans. It juxtaposes anti-tax signs with things supposedly funded by taxes that the protesters are enjoying.
Heh heh. Those dumb tea baggers! They’re protesting against streets and electricity!
This is the poor man’s version of Elizabeth Warren’s dumb rant. And I’ll just repeat … Read more
Warren Attacks
The Left is in a positive lather over this clip from Elizabeth Warren, now running for Senate against Scott Brown:
First, Warren is factually incorrect. We didn’t get into debt because of $1 trillion in tax cuts for the rich, we got into it because of $3 trillion in tax cuts for everyone. Tax cuts are tax cuts; revenues are revenues. Tax revenues do not magically multiply and close debts because they happen to come … Read more
Jobs
I’ve been thinking a lot about the job problem in this country. Jobs are the problem right now. One in eleven Americans is unemployed, the knock-on economic effects are making a bad deficit situation worse and a long-term culture of dependence is being created. I am under no delusion that a blog post will change anything. But I thought I’d write up about 2000 words of thoughts on the subject so you’ll know where I’m … Read more
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I bet that when the shit if finally cleaned off of this one you’ll find that Valerie Jarrett was the... - Hal_10000 on Beheading in the Streets
OK, um what? http://www.dailymail.co.uk/news/article-2330180/Woolwich-attacks-Man-charged-making-racist-anti-religious-Facebook-comments-British-soldier-s-death.html Yeah. That's the thing to do about this. Go after assholes on facebook. - Seattle Outcast on Edumacation now!
Cripes - that Horsey cartoon originally ran in the Seattle PI about a decade ago or more. The current... - Iconoclast on IRS and AP Scandal Updates
Tedious is your middle name isn't it? He asks, while launching into another tedious, long-winded post... The piece doesn't suggest a “different”... - Hal_10000 on Hey Mr DJ: Sing-A-Long Edition
Agreed with you on the sentiment of the post: the amazing thing about the coverage is how matter-of-fact and down-to-Earth... - Thrill on Hey Mr DJ: Sing-A-Long Edition
Just for you Thrill If I could only pick one song for the post to best exemplify the spirit of this... - Xetrov on The War on the Media
anyone of us that points out this isn’t just a conflict of interest, but a total travesty of justice, will... - pfluffy on Hey Mr DJ: Sing-A-Long Edition
Great list, Santino! Don't Follow is one of my favorites on that album. - Santino on Hey Mr DJ: Sing-A-Long Edition
Santino, you have a couple of broken links. Let me know what your selections were so I can fix it... - Seattle Outcast on The War on the Media
I bet that when the shit if finally cleaned off of this one you'll find that Valerie Jarrett was the...
