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Call him, incorrigible

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Posted by  ▪  Monday, September 12, 2011 at 4:00pm

The Great Jobs Plan of 2011 is nothing more that The Great Tax Increase of 2011.

He’s completely incorrigible, the Rain Man of class warfare and tax increases on job creators:

White House Office of Management and Budget  Director Jack Lew outlined President Barack Obama’s...

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The problem with relying on taxing the rich …

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Posted by  ▪  Monday, August 22, 2011 at 7:00am

… in order to pay for your grand spending plans is that sometimes you run out of rich:

… based on 2009 IRS figures, … the number of taxpayers reporting annual income over $1 million fell 39 percent between 2007 and 2009; the number of super-wealthy individuals making over $10 million annually plunged 55 percent.

The carnage wasn’t confined to millionaires. The number of taxpayers earning over $200,000 per year also decreased by 612,000 – or 13 percent.

Ya didn’t think this through, did ya, geniuses?

Spotted in Ithaca:

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Warren Buffett’s rank demagoguery on FICA

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Posted by  ▪  Monday, August 15, 2011 at 3:21pm

Warren Buffett has an op-ed in The NY Times bemoaning the fact that he and other super-wealthy investors pay a lower percentage of their income in taxes than their secretaries and other lower-paid staff members.  This is an argument frequently heard from Democrats.

But in making that argument Buffett misleadingly lumps federal income...

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A voracious appetite for class warfare

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Posted by  ▪  Friday, August 12, 2011 at 9:58am

Obama once again is moving hard on the class warfare, and there is every signal that setting up a fight between the “rich” and “not rich” is the Democratic campaign theme for 2012.

Obama keeps claiming the “rich” do not pay their fair share, but the numbers prove otherwise, as laid out...

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Things falling apart

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Posted by  ▪  Saturday, August 6, 2011 at 8:58pm

Consider this just an ideas open thread.

Keep it clean, children could be reading.

I’ll start:  There is a deep sadness at the loss of members of SEAL Team 6.  Every soldier is valuable and mourned, but this tragedy seems to be special.

Updates:  This chart from Division of Labour (one of the Blogs...

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Harry Reid – your taxes or your military

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Posted by  ▪  Wednesday, August 3, 2011 at 8:23am

The debt deal “trigger” requires that one-half of the budget cuts come from the military if the “super committee” cannot reach agreement or if the Congress fails to pass the super committees proposal.

The concept was that fear of military cuts would force Republicans to strike a deal with the Democrats as...

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Gonna Pay

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Posted by  ▪  Sunday, July 31, 2011 at 10:30am

From the Powerline Prize competition (h/t Glenn Reynolds):

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Obama ending social security as we know it

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Posted by  ▪  Wednesday, July 20, 2011 at 9:15am

I am amazed, once again, that liberals are not screaming at the tops of their lungs about Obama’s proposal to extend the social security tax holiday for another year.

I noted in October 2008,

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“And until he’s gone, everybody’s going to be sitting on their thumbs.”

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Posted by  ▪  Tuesday, July 19, 2011 at 8:23am

There are parts of Steve Wynn’s anti-Obama “rant” which have received more attention, but this is the part that is key to me. 

It’s been something I’ve been writing about since before the election, the Obama effect.  It’s why Obama owns the job losses in the late fall...

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He’s the only reasonable person, in his own mind

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Posted by  ▪  Monday, July 11, 2011 at 11:56am

I was right, mostly. The serious, conciliatory Obama showed up at the press conference today. The only reasonable person in the room was the theme.

I was wrong to the extent that in his opening statement and throughout Obama framed the issue as the Republicans not being serious, not living up to...

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It’s a Wonderful Democratic Tax Policy

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Posted by  ▪  Sunday, July 10, 2011 at 2:56pm

A deviation on a theme

Every time a couple making over $250,000 per year gets their taxes raised, a Democrat gets its wings.

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This picture is worth 2 trillion words

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Posted by  ▪  Sunday, July 10, 2011 at 11:15am

Democrats have an idea.  Let’s take an additional $2 trillion from the private sector and give it to the federal government.

What possibly could go wrong?

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Obama’s deficit reduction Charades – “sounds like” more taxes

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Posted by  ▪  Sunday, July 10, 2011 at 8:30am

Last night John Boehner announced that Republicans were abandoning an attempt to reach a $4 trillion deficit reduction deal with Obama because Obama inisted on $1 trillion in tax increases.  

 Obama always wants new taxes on the “rich.”  As Michael Alan wrote here, Obama wanted tax increases before the credit crisis and...

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Obama’s Tax Hikes Aren’t a Last Resort, They Were the Plan All Along

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Posted by  ▪  Friday, July 1, 2011 at 1:46pm

In his rather “prickly” press conference on Wednesday, President Obama made it sound as if tax increases (or, to use the Democrats’ language, “cutting spending in the tax code”) were part of a last resort at trimming the deficit as the federal government reaches its $14 trillion debt ceiling. He even...

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