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Dear @SpeakerBoehner, it’s time for Plan C — The Christmas Strategy

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Posted by  ▪  Tuesday, December 18, 2012 at 1:14pm

It is very frustrating to watch John Boehner and House Republicans twist themselves into contortions in a futile attempt to appease Obama.

Plan B failed before it was swallowed because Obama believes that he can shift the blame to Republicans based on the arbitrary deadline for taxes to rise.  There is no...

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Emerging fiscal cliff deal in two words

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Posted by  ▪  Monday, December 17, 2012 at 5:30pm

Locked in trillion dollar tax revenue increase.

Promises, promises on spending cuts.

According to the frequently wrong but always wonkish-proclaiming Ezra Klein, this is where the Boehner-Obama negotiations are heading:

Boehner offered to let tax rates rise for income over $1 million....

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Dear @SpeakerBoehner, have you heard of The Christmas Strategy?

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Posted by  ▪  Wednesday, December 12, 2012 at 11:16am

I am going to keep repeating The Christmas Strategy until someone in Republican circles listens:

I say call his bluff. If a deal which tackles deficits from both revenue and spending can be reached this month, great.

If not, pass a 90 day extension of current tax rates and whatever else is needed...

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The Christmas Strategy should satisfy the LIBs and LIBINOs

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Posted by  ▪  Tuesday, December 11, 2012 at 9:45am

From DrewM at Ace of Spades HQ, What Does Let It Burn Mean? (h/t Hot Air), :

As one of the first, if not the first, people to say Let...

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Blame the Bush tax cuts for creating the tax-free class

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Posted by  ▪  Saturday, December 8, 2012 at 10:12am

Peter Ferrara at Forbes, Why America Is Going To Miss The Bush Tax Cuts, examines the propaganda perpetrated for a decade by the media and Democrats about the Bush tax cuts:

Because so many major media institutions, like the New York Times and the Washington Post, have been so duplicitous and dishonest in...

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Democrats’ “Stop or I’ll shoot myself” negotiating strategy working like a charm

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Posted by  ▪  Thursday, December 6, 2012 at 4:37pm

When I read this line in Kurt Schlichter’s excellent post, A Lawyer’s Tips on Negotiating for Dummies and Congressional Republicans, I had to laugh:

Sound a bit, well, crazy? Unreasonable? Even scary? Good, because a skilled lawyer understands...

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Barack Morsi

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Posted by  ▪  Thursday, December 6, 2012 at 1:38pm

I don’t think anyone doubts that Obama has superior bargaining power on the “fiscal cliff.”

Part of that power comes from a superior messaging machine which bizarrely has convinced the public that Republicans are holding “middle class” (including people making low six figures) “tax cuts” (which are not tax cuts, but a...

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Go kulak — more of nothing is nothing

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Posted by  ▪  Wednesday, December 5, 2012 at 8:54pm

Taxes are going up you ungrateful kulaks.

Top Marginal Tax Rate Will Exceed 50% in California, New York, and Hawaii in 2013 (h/t Instapundit):

This paper compares state-by-state estimates of the top marginal effective tax rates (METRs) on wages, interest, dividends, capital gains, and business income for tax year 2012 to the rates scheduled for...

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If we’re doing Doomsday, let’s really do Doomsday

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Posted by  ▪  Monday, December 3, 2012 at 3:14pm

What does this solve? Via ABC News:

Republicans are seriously considering a Doomsday Plan if fiscal cliff talks collapse entirely. It’s quite simple: House Republicans would allow a vote on extending the Bush middle class tax cuts (the bill passed in August by the Senate) and offer the President nothing more: no...

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Juuuummmmp

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Posted by  ▪  Friday, November 30, 2012 at 10:30am

Depending on who you ask, and at what moment in time, the “fiscal cliff” either is End Times, or not.

Obama is in campaign mode, as usual, that bizarre never-never-land where negotiating means running to rallies.

Given Obama’s permanent campaign, and the lack of seriousness in his proposals, a growing chorus on the...

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They want fairness? Give it to them

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Posted by  ▪  Thursday, November 29, 2012 at 11:35am

Democrats say they want fairness.

One idea is to force residents of blue states to pay their fair share by capping or eliminating federal deductions for property taxes and state income taxes.

But if we must appease the Democrats’ demand for higher revenue, we also should target the activist institutions which currently enjoy tax exempt status but which...

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100% Plus Taxation Still Key To Permanent Dem Majority

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Posted by  ▪  Wednesday, November 28, 2012 at 12:05pm

I have written several times about the implicit marginal rate which makes it economically irrational for a  poor or lower-middle class wage earner to make more money because of the loss of government benefits the higher income incurs.

Back in November 2009, I saw the government benefits trap as a key political...

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Learning to love the fiscal cliff after the Santa Claus election

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Posted by  ▪  Sunday, November 11, 2012 at 10:19am

Here’s a description of the “fiscal cliff“:

So just what is this “fiscal cliff” that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin?

It’s a one-two punch of expiring Bush-era tax cuts and major across-the-board spending cuts to the...

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Tax Day

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Posted by  ▪  Friday, September 21, 2012 at 5:31pm

All the details and links at TaxProf Blog.

Short version.  He made a lot, and gave a lot to charity.

The interesting part:

The campaign also released a statement from PriceWaterhouseCoopers on the Romneys’ tax filings over 20 years, from 1990 – 2009:

  • In each year during the entire 20-year period, the Romneys owed both state...
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Time for Patriotic (Liberal) Millionaires to belly up to the buffet

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Posted by  ▪  Wednesday, September 19, 2012 at 8:40pm

You do realize that there actualy are some Patriotic Millionaires, don’t you?

Guys like Warren Buffet and others who insist that people pay higher taxes, but don’t take the chance to pay voluntarily.

Like this guy, who turned out to be a plant by a group called the Patriotic Millionaires for Fiscal Strength,...

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Government built the roads which lead to the hospital at which you were born

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Posted by  ▪  Friday, July 27, 2012 at 11:22am

Three radio events yesterday, all related to my post Obama and Warren cribbed “build it” narrative from progressive Berkeley Professor.

1. Rush featured the post in a lengthy segment.  I don’t have the audio, but the transcript is here. (Audio added via DailyRushbo):

2. I was a guest on the Lars Larson Show...

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The You Didn’t Build It Act of 2012

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Posted by  ▪  Saturday, July 21, 2012 at 8:30am

To make it perfectly clear to those of you who want to keep more than a hunk of your money, who think you are successful because you are smarter or worked harder, who think you built that business,

good for you…

but don’t think that just because you pay 70% of income taxes that you have paid...

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