Ouch. clipped from michaelmedved.townhall.com Barack Obama remains maddeningly vague about most of his plans as president, but he’s displayed surprising candor about his determination to raise tax rates. Lawrence Lindsey, former chair of the National Economic Council, notes that a high income earner would see his federal marginal tax rate soar to 53%, from 38% [...]
Archive for the ‘taxes’ Category
Punishing The Most Successful – And the Rest of Us
Posted in taxes on July 9, 2008 | Leave a Comment »
Obama Defines Rich: $32,000/year
Posted in Democratic Party, taxes on July 7, 2008 | Leave a Comment »
clipped from news.yahoo.com Steve Forbes, a former Republican presidential candidate, criticized Obama for voting for a Senate budget plan that would roll back the Bush tax cuts for those who make as little as $32,000 per year. Any Obama supporters reading the fine print?
Democrats Plan to Raise Your Taxes
Posted in taxes, tagged taxes on March 27, 2008 | Leave a Comment »
From Noisy Room: Before adjourning for recess, House Democrats passed the largest tax-hike in American history; a rate hike that will soak an average of $3,120 from every family. In an economy reeling from a slowing housing and job market, this is a burden that American families and small business owners simply cannot afford. Read [...]
Democrats Raise Taxes on Kids
Posted in taxes on November 11, 2007 | Leave a Comment »
Democrats say one thing, but do another. Here is how they’ve increased taxes on children via the “Kiddie Tax:” Income-shifting is one of several tax planning tools families have used to lower their tax bill. Historically, parents could save a bundle by transferring highly appreciated investments to their children who are in lower tax brackets. [...]
Raise Taxes to Fight Global Warming?
Posted in Global Warming, taxes, tagged Michael Bloomberg on November 6, 2007 | Leave a Comment »
Why do the liberals think that every issue (even make-believe ones) can be solved with raising taxes? The latest is raising taxes to fight global warming. Mayor Michael R. Bloomberg plans to announce today his support for a national carbon tax. In what his aides are calling one of the most significant policy addresses of [...]
Democrats Propose "Mother of all tax hikes"
Posted in taxes, tagged Charles Rangel on November 5, 2007 | Leave a Comment »
Comments on Charles Rangel’s “Mother of all tax hikes” proposal, via Tax Foundation’s blog entry to Kevin Hassett’s column at the American Enterprise institute: In terms of revenue, Rangel’s reform would be the biggest tax increase in history. Compared to a baseline where President George W. Bush’s tax cuts are extended and the dreaded alternative [...]
