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...
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...
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,...
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...
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...
Up to his usual games, via The Hill:
Senate Majority Leader Harry Reid (D-Nev.) has scheduled a vote Tuesday to bring up legislation to extend tax relief to small businesses that increase their payrolls.
Republicans question whether it...
The conundrum – how to be intellectually consistent that the mandate was an unconstitutional penalty to force people into commerce, yet deal with the fact that The Chief and the four liberal Justices called it a constitutional tax.
I said the only solution to this pretzel logic was to say, the Supremes...
Saving Obamacare by calling a penalty a tax has created all sorts of political contortions.
What if the Supreme Court had called a dog a cat, would we then be required to call a dog a cat, particularly if it were better for us?
That’s where we are right now. Properly characterizing the...
I have highlighted before the $5 and then $3 dinner raffles run by Obama to get names for his fundraising list. Other candidates have used such gimmicks, but Obama by far has been the most aggressive, running them for months.
Technically, these raffles are “sweepstakes” because you can enter without paying anything,...
A reader writes:
Not sure if you have something planned for tax day, but thought you’d like a little perspective from the private sector. If you do use it, please hold back our names – a few of my clients are liberals!
The joys of being a small business owner in Obama’s America.
We are sole...
Is this really happening again? Is Mitt Romney refusing, even assuming he is the nominee which looks likely, to release any more tax returns?
Romney released his 2010 return and projections for 2011 only after a disastrous couple of weeks of refusing to do so. I predicted at the start that his position ...
Herman Cain’s Sick of Stimulus website has released a new web ad.
It’s right up there with the “greats” of web ads. (h/t Robert Costa, who says he is speechless.)
Update: This reaction from one of the people behind the Rush boycott actually is quite unintentionally funny:
And, Cain protests temporary removal of controversial rabbit...
One of our readers, Patricia, has started doing graphic production work for a local Tea Party group, check out her first item.
Elsewhere:
If only Obama could get over 50%, he’d have a lock on re-election:
Update: Remember, because of the implicit marginal rate, people in this category face huge financial disincentives to earning more money.
Caterpillar has ruled out building a planned new plant in Illinois due to the negative business climate, via AP:
“Please understand that even if your community had the right logistics for this project, Caterpillar’s previously documented concerns about the business climate and overall fiscal health of the state of Illinois still would...
