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Taxes Tag

Posted by William A. Jacobson on January 05, 2012 26 Comments

No one could have seen this coming. Romney Tax Returns Become a Problem Mitt Romney, a multimillionaire who is by far the wealthiest of the Republican presidential candidates, said he has no plans to release his income tax returns if he wins his party’s nomination, setting himself...

Posted by William A. Jacobson on December 31, 2011 22 Comments

The second Mitt Romney announced he would not release his income tax returns if he becomes nominee I predicted it would not stand because the refusal would, at a minimum, create a major distraction.  It's part of a larger problem with secrecy which will haunt Romney if...

Posted by William A. Jacobson on December 26, 2011 38 Comments

Bob Woodward had a lengthy article yesterday in The Washington Post, In his debut in Washington’s power struggles, Gingrich threw a bomb. The article concerns Newt's refusal as Republican Whip to go along with George H.W. Bush's 1990 deal with Democrats to raise taxes. The deal, which breached Bush's "read...

Posted by William A. Jacobson on December 23, 2011 41 Comments

We keep hearing about how we should not nominate a candidate who is not disciplined and will create needless general election distractions . This certainly will be a major distraction, Romney Says He Won’t Release Tax Returns: “I doubt it,” Mr. Romney said, according to a transcript...

Posted by William A. Jacobson on December 21, 2011 24 Comments

The tease on the homepage of The Hill for an article about Obama's Christmas vacation dilemma reads: The tax fight could force Obama to spend the holidays in an empty White House listening to Elvis’s “Blue Christmas.”… The second I read that a scene from a movie came...

Posted by William A. Jacobson on October 21, 2011 23 Comments

Of course, there always will be a top 1%, so those in the Occupy Wall Street movement who want to demonize the top 1% always will have a cause. But the numbers of millionaires who could be taxed to feed the demands of the proletariat is down in...

Posted by William A. Jacobson on October 06, 2011 24 Comments

The anti-1% street agitation is the fulfillment of a process we have seen unfold since Obama's 2008 campaign, a process by which a group of various definitions of wealth is isolated and targeted for demagoguery. It was the Top 5%, then the Top 2%, now it's...

Posted by William A. Jacobson on October 06, 2011 19 Comments

The silent majority. The ones who pay the bills, and the taxes, and the tuitions, and the pensions, and the benefits, for the people who falsely claim to be the 99%. The ones who did not graduate from the school of perpetual expectations and handouts. The ones who...

Posted by William A. Jacobson on October 05, 2011 10 Comments

You may remember that Amazon.com stopped doing business through "affiliates" (websites and blogs) in California, after the state passed a law requiring companies like Amazon to collect state sales taxes on purchases made through California affiliates. Amazon has settled with California and will resume its relationships, but it...

Posted by William A. Jacobson on September 30, 2011 4 Comments

As Kathleen posted earlier, Warren Buffett is backing away from the so-called Buffett Rule, which apparently is not so much a Rule as a stream of consciousness sprinkled with thoughts and afterthoughts. The best thing about the Buffett Rule Non-Rule What Are You Talking About, is...

Posted by Kathleen McCaffrey on September 30, 2011 6 Comments

when the rule named after you isn't what you want: Warren Buffett backs out of Obama's Buffett Rule on CNBC.  ...

Posted by William A. Jacobson on September 28, 2011 21 Comments

At a recent Obama campaign event masquerading as a town hall, an ex-Google executive begged Obama to raise his taxes, to which Obama responded with an Elizabeth Warren-like argument: It turns out the guy was a plant by a group called the Patriotic Millionaires for Fiscal Strength,...

Posted by William A. Jacobson on September 18, 2011 32 Comments

Five days ago Obama unveiled a "jobs plan" which included tax hikes of $467 billion, $400 billion of which were on individuals making $200,000 (and couples making $250,000). Tomorrow Obama will unveil a "deficit reduction plan" which will include $1.5 trillion in new taxes including an extra tax...

Posted by William A. Jacobson on September 18, 2011 11 Comments

This seems like pretty good advice to the GOP, although the pathetic political ploy needs to be called for what it is (as I did last night): Update:  Time for an invervention, Obama’s on a tax hike bender...

Posted by William A. Jacobson on September 17, 2011 21 Comments

How sad.  Our president has been reduced to chasing demons. Obama's recent phony jobs bill which raised $400 billion in taxes on everyone making over $200,000 (couples over $250,000) apparently did not whip the masses into a pitchfork and torch frenzy, because it targeted our doctors, local...

Posted by William A. Jacobson on September 12, 2011 14 Comments

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 plan to...

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