Entries from » tax increase

Obama Takes Class Warfare To The Next Level

From PrisonPlanet.com: In his increasingly desperate attempts to pander to a population that has by now entirely given up on the hope, and barely has any change left, Obama is going for broke (or technically the reverse) by setting the class warfare bar just that little bit higher. This time around, his targets are millionaires, [...]

Sen. Mitch McConnell Blasts Obama Budget

From NewsMax.com: U.S. Senate Republican leader Mitch McConnell criticized President Barack Obama’s fiscal 2012 budget Monday, saying it locked spending at “completely unsustainable” levels. “The president talks like someone who recognizes that spending is out of control, but so far it hasn’t been matched with action,” McConnell said in a statement. “Americans don’t want a [...]

The return of the small-biz killers: New unemployment benefits tax hikes ahead

From Michelle Malkin: In December, I reported on how small businesses are getting whacked by skyrocketing unemployment insurance tax hikes across the country. Flashback: State unemployment benefits last up to 26 weeks. Bipartisan-supported Washington mandates have raised that to 99 weeks. The current proposal would extend eligibility for this basket of benefits until the end [...]

Even PolitiFact Admits: President Obama Raised Taxes

From The Heritage Foundation: This Sunday while defending charges that he was a “man who wants to redistribute wealth,” President Barack Obama told Fox News‘ Bill O’Reilly: “I didn’t raise taxes once.” As PolitiFact points out, not only is this completely false, but President Obama began raising taxes almost immediately upon taking office: The idea that Obama [...]

Obama’s Claim That He Did Not Raise Taxes Is Rejected As ‘Blatantly False’ by Taxpayer Watchdog

From CNSNews.com: President Obama’s assertion on Sunday that he “didn’t raise taxes once” is “blatantly false,” a taxpayer watchdog group says. Obama made the claim in his pre-Super Bowl interview with Fox News host Bill O’Reilly. According to Americans for Tax Reform (ATR), President Obama has signed into law at least two dozen tax increases. [...]

Ball Drop Brings Bad News for Consumer-Driven Health Plan Users

From The Heritage Foundation: This year, as the clock strikes twelve on New Year’s Eve, Americans who depend on health savings accounts (HSAs) to make medical expenditures more affordable will experience first-hand yet another adverse side effect of Obamacare.  Starting in 2011, American families will no longer be able to use HSAs to purchase over-the-counter [...]

Obama Economic Advisor Says Keeping Taxes Low Spurs Economic Growth, Leads to More Tax Revenue

From CNSNews.com: In an unusual argument from a Democratic administration, the director of President Obama’s National Economic Council, Larry Summers, contended Wednesday that a deal with Congressional leaders to keep taxes low for another two years will not only jumpstart the economy but increase government revenue in the long run. Summers said failure to pass [...]

Obama Tax Increases of 2011

From Human Events: The filibuster provides more than the right of extended debate. It empowers individual members to participate in the legislative process whether or not their party is in power. Many liberals, however, want to make it easier to expand government. So they want to reduce the number of members needed to close debate [...]

GOP Sen. DeMint, Rep. Pence introduce bill to stop $3.9 trillion Obama tax hikes

From Michelle Malkin: For the past several weeks, I’ve urged Republicans to combat the “Bush tax cut” demagoguery of the Democrats by making President Obama own the disastrous tax hikes he wants to impose on America’s job creators and wealth producers during economic strife. Message: All or nothing. Today, GOP Senator Jim DeMint and Rep. Mike Pence [...]

Hoover, FDR and Clinton Tax Increases: A Brief Historical Lesson

From The Heritage Foundation: The obvious reason to prevent a tax hike by extending current tax rates is that doing so will prevent further economic harm to an already flat economy. How do we know that tax increases will cause economic harm? Three examples: 1932, 1937 and 1993. After the 1929 stock market crash, the Smoot-Hawley [...]

“Obama 2.0”: New Look, Same Old Job-Killing Policies

From Liberty.com: All the soul-searching going on at the White House is fast adding up to more job-seeking for the American people.  In the upcoming New York Times Magazine piece about the Obama White House – you know, the one in which the president likens communicating with the citizenry to ‘marketing and P.R.’ – there is [...]

Dueling Addresses: Obama Whines About Education, GOP Paints His Policies As Irresponsible

From Right Wing News: Obama and Senator John Barrasso (R-Wy) offered dueling weekly addresses. Full text of both at the LA Times (love the shot of Obama with his feet up on the Resolute Desk. He has no respect for history). Links to the video are at each politicians name. Ryan Leaf, er, Barack Obama [...]

Democrats delay vote on Obama’s repeal of Bush-era tax cuts until after mid-terms

From Telegraph.co.uk: Democrats have delayed a vote Barack Obama’s long-promised and controversial repeal of Bush-era tax cuts, suggesting they fear the policy could alienate voters ahead of November’s mid-term Congressional elections. Mr Obama and his Democratic allies favour allowing tax cuts to expire for those who earn more than $250,000 (£158,000) a year, arguing that [...]

Barack Obama to punish success by taxing the rich

Remember that, these days, a fine is a tax for doing wrong, and a tax is a fine for doing well. From Telegraph.co.uk: Mr Obama said he would not renew the ten-year reduction for families making more than $250,000 (£160,000) a year and individuals making more than $200,000. He however favoured extending them for middle class [...]

Obama Won’t Yield on Tax Hikes

From NewsMax.com: Politically weakened but refusing to bend, President Barack Obama insisted Wednesday that Bush-era tax cuts be cut off for the wealthiest Americans, joining battle with Republicans — and some fellow Democrats — just two months before bruising midterm elections. Singling out House GOP leader John Boehner in his home state, Obama delivered a [...]

Obama’s Tax Hike: The Movie

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 [...]

The Obama Tax Hikes, Another Step Toward a European Welfare State

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 [...]

The Era of Obama: Clorox Co. Loses Net Income to Taxes

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 [...]

The Obama Tax Tsunami is Here

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 [...]

Illinois Failures Go Nationwide Under Obama

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 [...]