From The Heritage Foundation: As we have been reporting, President Barack Obama is set to let tax rates increase at the end of this year. Obama’s tax hike will have devastating effects on an economy already on the ropes. There have been a lot of myths spread by the left about the supposed dangers of keeping taxes [...]

From CNSNews.com: Embattled Rep. Charles Rangel (D-N.Y.) seemed to take President Barack Obama head on during a 37-minute self-defense speech on the House floor Tuesday. Meanwhile, the White House backed away Tuesday from what seems to be Obama’s call for Rangel to resign from Congress. “If I can’t get my dignity back here, then fire [...]

From The Heritage Foundation: Last night, the Senate voted 61-39 in favor of a $26 billion bailout for states and government unions financed in part by an $11 billion tax hike that will kill American jobs at U.S. companies that compete overseas. Worse, before that final vote was taken, the Senate also defeated two amendments by Sen. Jim [...]

From Townhall.com: A year and a half into his presidency, more Americans blame Barack Obama for the dismal state of the U.S. economy than George W. Bush. Obama has been traveling the country insisting that a weakening economy and high unemployment are still Bush’s fault, but more and more voters are no longer buying that [...]

From Right Wing News: In a harbinger of profit statements to come, Clorox Co. — maker of numerous household cleaning products — reports that it’s net income was nearly flat despite a one percent rise in revenue. The reason? Taxes. Clorox Co. says its fourth-quarter net income was nearly flat, even though its revenue rose one [...]

From The Heritage Foundation: The American people are already well aware of President Barack Obama’s historic expansion of government spending: his $862 billion economic stimulus that has completely failed to keep unemployment below 8% as promised; his still-expanding health care law which the Congressional Budget Office now admits will cost more than $1 trillion; and an Obama budget [...]

From Investors.com: ‘Unsustainable” is a scary word that recently entered political discourse, coming authoritatively from Congressional Budget Office Director Douglas Elmendorf. Unsustainability is the operative moniker for Barack Obama’s massive deficit spending, which Elmendorf said “cannot be solved through minor tinkering.” The CBO predicts an increase in our public debt from $7.5 trillion at the [...]

From Right Wing News: Now this  card from Americans for Tax Reform is fun  work, You may have noticed that President Obama has broken his central campaign promise – a “firm pledge” that Americans making less than $250,000 would not see “any form of tax increase.” He first broke this pledge sixteen days into his presidency [...]

From Townhall.com: The Internal Revenue Service declared that it would tax BP’s Obama-mandated $20 billion slush fund at the same rates other income is taxed. It’s common knowledge that BP offered up the $20 billion only after Obama twisted his arm, so this new scheme shouldn’t come as a surprise. The President is desperate to fund his [...]

From Townhall.com: Under the Obama Administration, the Democrats are unleashing a bevy of unpalatable surprises for women, including massive up-front government expansions and enormous tax increases that produce problems for American women and their families. As Rep. Michele Bachmann (R-Minnesota) recently said, “The government now owns 51 percent of the private sector.” In just 18 [...]

From CNSNews.com: When President Obama asked former Sen. Alan Simpson (R-Wyo.) and Democrat Erskine Bowles to chair his debt commission in February, he told them to consider any and all ways to reduce the federal deficit – including new taxes, apparently. Bowles, a former chief of staff in the Clinton White House, told Fox News [...]

Due to the recent Health Care Reform Invasion passed by Congress and signed by Obama, individuals who utilize Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs) with their insurance plan will see a 40% tax hike on over-the-counter drugs as well as 20% penalties (up from 10%) for non-medical withdrawals, FSA caps, medical tax deduction [...]

From CNSNews.com: As many as a dozen taxes in the new health care law violate President Barack Obama’s campaign pledge not to raise taxes on families earning less than $250,000 and on individuals earning less than $200,000. At least seven of these taxes directly affect health consumers regardless of income, such as the individual mandate [...]

From The Heritage Foundation: So President Obama wants to slap a tax on banks, but should you really care? Absolutely. Those taxes are going to wind up costing YOU money, whether you’re a customer, a bank employee or an investor, according to the non-partisan Congressional Budget Office (CBO). As ABC News reports, the CBO wrote [...]

Here’s a fun well-made video from YouTube, just to lighten things up a bit:

From The Heritage Foundation: The Associated Press reports: Employers already are squeezed by tight credit, rising health care costs, wary consumers and a higher minimum wage. Now, the surging jobless rate is imposing another cost. It’s forcing higher state taxes on companies to pay for unemployment insurance claims. Some employers say the extra costs make [...]

From The Heritage Foundation: From the September 20th ABC News This Week interview between George Stephanopolous and President Barack Obama: STEPHANOPOULOS: Probably the most definitive promise you made in the campaign is that no one in the middle class would get a tax increase on your watch. OBAMA: Right. STEPHANOPOULOS: Yet this week, Senator Rockefeller [...]

From The Heritage Foundation: Obama’s Tripling of the National Debt in Pictures This Tuesday the White House released their Mid-Session Review admitting they made a $2 trillion miscalculation in the size of the federal deficit that President Barack Obama’s borrow and spend policies would inflict on our nation. Heritage senior policy analyst Brian Riedl details [...]

From Right Wing News: Today’s theme is brought to you by the word “consequences.” When dealing with Democrats/liberals/progressives, there are always consequences, the majority of which were never considered when calling for and/or implementing legislation/plans. Another case in point (h/t Blogs For Victory) The Cash For Clunkers program is adding to the activity at treasurers’ [...]

From GOPUSA.com: WASHINGTON (AP) — In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America’s founding. And it says by the next decade’s end the national debt will equal three-quarters of the entire U.S. economy. But before President [...]