taxes  (Page 20)

Tom Daschle’s Forgotten Tax Dodge

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Posted by  ▪  Tuesday, February 3, 2009 at 8:51am 2/3/2009 at 8:51am

In the current controversy regarding Tom Daschle’s failure to report income (and thereby evade the taxes on that income), Daschle has portrayed himself as the most honest person in America, who always intended to pay all the taxes he owes, and who simply made an honest mistake. But history shows that...

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If Obama Builds It, Who Will Maintain It?

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Posted by  ▪  Tuesday, January 13, 2009 at 10:27am 1/13/2009 at 10:27am

Barack Obama is about to propose a massive, trillion dollar stimulus package, the centerpiece of which is infrastructure projects. Large-scale infrastructure projects have a long history of cost-overruns, mob-influence through corrupt unions, and are not effective at long-term job creation.

But that is not the worst of it. Once built, who will...

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Another Example Of Why Obama’s Infrastructure Plan Is A Waste

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Posted by  ▪  Friday, January 9, 2009 at 9:03am 1/9/2009 at 9:03am

My home state of Rhode Island has been asleep at the wheel when it comes to grabing proposed federal instrastructure stimulus dollars. Although it has been known for weeks if not months that Barack Obama was ready to throw hundreds of billions of dollars at historically inefficient and mob-influenced infrastructure projects,...

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Obama Sticks Pin In Social Security Bubble

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Posted by  ▪  Tuesday, January 6, 2009 at 7:38pm 1/6/2009 at 7:38pm

It appears that Barack Obama intends on following through with his campaign promise to issue refundable income tax credits so that people who pay no income taxes will get “refund” checks from the federal government. Obama justifies these payments as being a refund of payroll taxes. While many people have referred...

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Can’t We Be More Like Europe?

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Posted by  ▪  Wednesday, December 17, 2008 at 8:39am 12/17/2008 at 8:39am

Stifling taxes and a large government bureaucracy really work:

The violent unrest that followed the shooting of a 15-year-old boy has driven Greece to the brink of a political crisis. The rioting m...

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Obama’s Infrastructure Plan Is A Road To Nowhere

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Posted by  ▪  Saturday, December 6, 2008 at 4:07pm 12/6/2008 at 4:07pm

In his weekly radio address today, Barack Obama repeated his intention to stimulate the economy and “create” jobs through a massive public infrastructure program. As we have noted before, “[o]f all the concepts to help build the economy, Barack Obama has seized on the one type of project...

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Is Rhode Island Our Future Under Obama? UPDATE: RI Unemployment Rate 9.3%

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Posted by  ▪  Thursday, November 20, 2008 at 9:06am 11/20/2008 at 9:06am

This headline from my hometown paper, The Providence Journal, says everything you need to know about why Rhode Island has the highest unemployment rate in the nation:

Assembly Considers Making R.I. Attractive To Business

An overwhelming government budget fed by high taxes, a Democratic state legislature beholden to labor unions which overrides gubernatorial...

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Now We Find Out Which Obama Is Behind Door No. 2

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Posted by  ▪  Wednesday, November 5, 2008 at 6:43am 11/5/2008 at 6:43am

Will President Obama be the moderate of the presidential campaign, the liberal of the primary campaign, or the radical of the past? Which Obama will assume the presidency when we open Door No. 2?

  • The Obama who voted straight party line in the Senate, or the Obama who campaigned as being...
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Is Iran America’s Future?

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Posted by  ▪  Thursday, October 30, 2008 at 8:59am 10/30/2008 at 8:59am

It has been a while since I have agreed with Thomas Friedman, but Mr. Friedman has a good observation on the economic forces which may lead to the collapse of the Iranian regime:

Under Ahmadinejad, Iran’s mullahs have gone on a domestic subsidy binge — using oil money to cushion the prices...

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Obama’s Tax Plan Undermines Social Security

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Posted by  ▪  Thursday, October 30, 2008 at 8:12am 10/30/2008 at 8:12am

Barack Obama has put forth a plan to issue refundable income tax credits so that people who pay no income taxes will get “refund” checks from the federal government. Obama justifies these payments as being a refund of “regressive” payroll taxes. At the same time, Obama proposes to uncap the limit...

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What If The People Say “No” – Lessons From Forced Collectivization

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Posted by  ▪  Tuesday, October 28, 2008 at 1:38pm 10/28/2008 at 1:38pm

The heart of Obama’s tax plan is taking from the “rich” and giving to the less rich. Yet Obama’s tax plan is based on a fallacy that the “rich” will not change their economic behavior in reaction to higher tax rates.

History tells us, however, that economic redistribution plans fail because the...

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The “Richest 5%” Are The New Kulaks

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Posted by  ▪  Monday, October 27, 2008 at 8:17pm 10/27/2008 at 8:17pm

Comrades! The revolt by the five kulak volost’s must be suppressed without mercy. The interest of the entire revolution demands this, because we have now before us our final decisive battle “with the kulaks.” We need to set an example.

1) You need to hang (hang without fail, so that the public...

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Who Will Be Left When Obama Comes for Us?

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Posted by  ▪  Sunday, October 26, 2008 at 10:26am 10/26/2008 at 10:26am

Barack Obama has vilified a small minority to whip up popular anger. Obama has turned that anger into political support. While Obama portrays himself as a new style of politician, the mistreatment of a small minority to gain popular support is one of the oldest tricks in the political book. History...

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“Joe The Plumber” and Obama’s Zero-Sum Game

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Posted by  ▪  Thursday, October 16, 2008 at 10:01am 10/16/2008 at 10:01am

Joe the Plumber made it to prime time in last night’s debate. In fact, just about the only thing anyone will remember about the debate is the name Joe the Plumber.

Joe the Plumber first became known when he confronted Barack Obama during a campaign stop, complaining that Obama’s tax plan would...

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Will 401(k)’s Disappear in the Interest of “Fairness”?

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Posted by  ▪  Wednesday, October 15, 2008 at 12:37pm 10/15/2008 at 12:37pm

From Investment News:

House Democrats contemplate abolishing 401(k) tax breaks

Powerful House Democrats are eyeing proposals to overhaul the nation’s $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive.

House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim...

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