taxation

Unless we’re mistaken, Paul Ryan has a big future. Of course, we’re not exactly Jeane Dixon, but that’s never stopped us from making predictions.

Here’s a very persuasive Ryan explaining why we needed to extend the Bush tax cuts and why he was willing to hold his nose and accept the compromise with the President Obama.

Four minutes of intelligent, persuasive public speaking, we might point out, without a Teleprompter.

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As you near the speed of light, time slows down. So if you left earth and traveled through space for one year, you would return one year older than when you left, but a thousand years might have passed on earth. Or something like that.

obama-genius

We may be getting wet, but the rain fell a thousand years ago for President Obama

We think that’s what the President was trying to explain with this question and answer:

Reporter: You’ve been telling the American people all along that you oppose extending the tax cuts for the wealthier Americans. You said that again today. But what you never said was that you oppose the tax cuts, but you’d be willing to go ahead and extend them for a couple years if the politics of the moment demand it.

So what I’m wondering is when you take a stand like you had, why should the American people believe that you’re going to stick with it? Why should the American people believe that you’re not going to flip flop?

Obama: Hold on a second, Ben. This isn’t the politics of the moment. This has to do with what can we get done right now.

See? The President is explaining to the dimwitted reporter that because of Einstein’s Theory of Relativity, there’s a thousand years difference between the politics of the moment and what we can get done now.

You, much like the dimwitted reporter, may think that “now” and “of the moment” mean the same thing, but that’s only because your mind is not traveling at the speed of light like President Obama’s.

Class dismissed.

H/T: HotAir.com

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Bernie Sanders is a socialist from Vermont. What is so special about that, you might ask? Nothing. But, unlike all but one other person from Vermont, Bernie is also a United States Senator. This makes his whole existence as an authoritarian all the more troubling to you, us and everybody else in the country.

Bernie, you see, has the power to steal from some citizens, give those ill-gotten gains to other citizens and then collect votes for being the middleman. And that’s exactly what Sanders has been up to this week.

Sanders is good at what he does. He’s been at it a long time and has mastered the one thing necessary to sustain this sort of scam – the art of double speak.

For that reason Sanders uses terminology like “fairness” and “for the children” while he seeks to saddle those children with trillions more in debt. At the same time, he seeks to punish those whom have the audacity to create jobs that diminish dependence on government.

Make no mistake, Bernie Sanders has no love for working families. As a socialist there is no greater obstacle to his goals than a strong middle class. Unless maybe it’s a strong upper class.

Here’s Bernie asking the rich “when is enough enough?” Mayhaps he should ask the same question of public sector unions instead.

By the way, this video is from CSPAN-2. CSPAN is awesome. It is like ESPN for smart people.

http://www.youtube.com/watch?v=_0SH0a4V5yg

– Written by Kip Hooker at TheVitaminPress.com

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An incredible event occurred at the White House on Friday. President Obama meekly excused himself from his own press briefing and former President Clinton took over, fielding questions for more than half an hour.

Had some emergency caused President Obama to rush away? Had the red phone rung? Was North Korea bombing South Korea again? Had Iran launched an attack on Israel?

No. None of those things. He left because he was late for a party and didn’t want to piss off the First Lady.

As the Telegraph UK describes the exceedingly odd situation:

But after a few opening comments, Mr Obama made clear he had to leave and excused himself, saying that his wife, Michelle, expected his presence at one of the many parties that presidents host during the month of December.

“I’ve been keeping the First Lady waiting,” he said.

Mr Clinton, who clearly had some time on his hands, responded: “I don’t want to make her mad. Please go.”

“And don’t let the door hit you in the ass on the way you, you miserable excuse for a President,” he thought to himself.

Every time we think this President can’t make himself look any weaker, he surprises us. We’d say man up, but that seems unlikely with this President.

Source: Telegraph UK

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Louisiana Senator Mary Landrieu, a woman who knows a thing or two about moral corruption, is not happy with President Obama’s tax deal with the Republicans. Not happy at all.

mary-landrieu

Moral corruption authority Mary Landrieu criticizes President Obama’s moral corruption

The Huffington Post reports:

Extending the tax cuts for those making more than a million dollars a year is borderline immoral, Landrieu charged. “I’m going to argue forcefully for the nonsensicalness and the almost, you know, moral corruptness of that particular policy,” said Landrieu, walking into a meeting with Vice President Joe Biden and Senate Democrats. “This is beyond politics. This is about justice and doing what’s right.”

She also knows a thing or two, apparently, about making up new words. Nonsensicalness? But Landrieu’s neologism was just a warm-up. She continued:

… “It’s what I’m calling the Obama-McConnell plan. We’re going to borrow $46 billion from the poor, from the middle class, from businesses of all sizes basically to give a tax cut to families in America today, that despite the recession, are making over a million dollars. I mean, this is unprecedented. Unprecedented. I want to repeat that,” she said. Landrieu added, however, that she had yet to make a decision on the final package.

Please take note that Landrieu is upset because this is unprecedented. In the early months of the Obama administration, Democrats crowed with pride that every single action the President took was unprecedented. Obama signs an executive order? Unprecedented. Obama appoints someone to office? Unprecedented. Obama eats breakfast? Unprecedented.

The fact that Democrats now think his moral corruption is unprecedented is, well, unprecedented.

Here’s a clip from an old Star Trek episode that was absolutely prescient. It featured a character named Landru who sounds almost as liberal as his homophonic doppelgänger Mary Landrieu.

Source: The Huffington Post

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Poor Andrea Mitchell. She must be sorry she ever interviewed Senator Judd Gregg. Instead of playing nice and playing along with her liberal line of questioning, the outgoing Republican Senator taught Mitchell a thing or two about taxes.

Gregg: We don’t believe that if you go out and earn a living that the money that you earn is our money. That’s your money.
Mitchell: But…but…but…

Good lord, man, has this woman really slept with Alan Greenspan all these years without learning anything but the Butterfly Maneuver?

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Progressives (don’t you hate that affectation?) are pissed that President Obama caved in on the Bush tax cuts.

So the Progressive Change Campaign Committee just put out a new TV commercial. It makes it pretty clear that President Obama broke his campaign promise about tax rates. And it does it by using his own words against him.

Don’t get us wrong – we’re glad the tax rates got extended, but we love watching The World’s Greatest Orator (yeah, he was still held that title when this speech was made) claiming that the Bush tax cuts “offend my conscience.”

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Would you call this a meltdown? Pseudo-righteous indignation? Over the top smugness? Or all of the above?

As you watch this overbearing Olbermann clip, keep one thing in mind: Keith Olbermann is loyal to principles. But if you happen to forget it, don’t worry, because Keith will remind you.

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The media has been feeding us a non-stop parade of Democrats to stress the importance of the entitlement-funding class warfare they attempt to disguise as a tax increase.

For this purpose, Meet the Press host David Gregory brought on John Kerry.

Kerry is the last person who should be lecturing the American people on paying taxes, considering his embarrassing episode from July of this year when he got caught weaseling out of $500,000 in taxes on his new $7,000,000 yacht. To avoid his home state’s taxes, Kerry docked his new toy in neighboring Rhode Island. The ensuing public relations debacle caused Kerry to snap at reporters who questioned the dodge, and in the end, release a statement claiming he would dock in Massachusetts and pay his taxes. In other words, the light went on, the cockroach scurried. (Side note: According to many news sources, Kerry still hasn’t paid this tax. Gee, who’d have figured?)

Without a hint of irony this is the man David Gregory chose to lecture us on paying taxes.

And without a hint of journalistic integrity Gregory failed to ask Kerry about why he felt qualified to do so after getting busted avoiding his own.

Be sure to tune in next week, when David will welcome Bill Clinton to preach about the sanctity of marriage and monogamy.

– Written by Sonny Palermo

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Oh, that colorful country boy Dan Rather. He’s just full of homespun homilies. Why, as he might say, “I’m full of what comes out of the south end of a northbound bull.”

HotAir.com described the situation pretty damn well:

Dan Rather warned today on MSNBC that a deal to extend all of the current tax hikes would create a demand for a primary challenge to Barack Obama from the Left in 2012. Big progressive contributors to the Democratic Party have already concluded that Obama won’t fight for his principles, Rather told the “Lean Forward” network, and that the Bush-era tax rates would be the straw that broke the camel’s back. Actually, Rather offers a more complicated down-homish colorful metaphor, but essentially says that the Left is so shocked, shocked! that this lifetime backbencher provides no leadership that they will actively recruit someone with those qualities for the 2012 cycle.

Of course, mere hours after Rather made this dire forecast, Obama caved on all the Republican demands for extensions of the Bush tax cuts and then poked his left wing supporters in the eye by proposing his own Social Security tax cut.

As Dan might say, “I’m feeling lower than a snake’s belly in a wagon rut.”

H/T: HotAir.com

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Consider this video a demonstration of Democrat economic genius on full display.

Ohio Democrat Senator Sherrod Brown says people need their unemployment benefits so they’ll have enough money to pay their property taxes. In other words, “Let’s just take this money out of one pocket and put it in the other.”

Let us save you some pain. The quote comes at the 6:00 mark of the video.

“The other reason to maintain unemployment benefits is all economics. Senator McCain, when he was candidate for President, his chief economic advisor said the best way to grow the economy – the best stimulus dollar you can spend – is unemployment insurance. Because when you put a dollar in a laid-off worker’s pocket from Lima, Ohio or Zanesville, Ohio she will spend it at the local grocery store, the local shoe store, pay her property tax, pay her gas bill, whatever. That money is recycled in the economy.”

Do not make the mistake of thinking Senator Brown simply misspoke. He has given variations of this speech numerous times on the floor of the Senate and always uses the “pay her property tax” line.

Sherrod Brown is, of course, a successful graduate of the Obama School of Economics, where they teach that it’s a rational use of taxpayer money to buy General Motors, order them to make electric cars, give money to General Electric so they can buy the electric cars from General Motors, and then announce that the whole shebang is a huge success.

Round and round the little ball goes and where it stops nobody knows. Well, actually, we do know where it stops – third world status for the United States.

Source: TheRightScoop.com

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We’re not going to get crazy like James Carville and predict 40 years of Republican rule, but let’s just say that the trend is not the liberal’s friend.

beverly-hillbillies

It's like the Beverly Hillbillies in reverse

The Washington Examiner details the relationship between democracy and demography:

Migration from high-tax states to states with lower taxes and less government spending will dramatically alter the composition of future Congresses, according to a study by Americans for Tax Reform

Eight states are projected to gain at least one congressional seat under reapportionment following the 2010 Census: Texas (four seats), Florida (two seats), Arizona, Georgia, Nevada, South Carolina, Utah and Washington (one seat each). Their average top state personal income tax rate: 2.8 percent.

By contrast, New York and Ohio are likely to lose two seats each, while Illinois, Iowa, Louisiana, Massachusetts, Michigan, Missouri, New Jersey, and Pennsylvania will be down one apiece. The average top state personal income tax rate in these loser states: 6.05 percent.

The state and local tax burden is nearly a third lower in states with growing populations, ATR found. As a result, per capita government spending is also lower: $4,008 for states gaining congressional seats, $5,117 for states losing them.

And that’s the problem. Per capita spending goes crazy when politicians lose there capitas.

Source: Washington Examiner

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When will they learn? The economic geniuses in New York raised cigarette taxes by 58%, which increased the price of pack of smokes in New York city to a remarkable $11.60.

cigarette-tax-new-york

There's only one solution, New York: Lower the legal smoking age

As you might expect, cigarette sales plunged by 27%. As you also might expect, cigarette sales are up by more than 40% in neighboring states and Indian reservations.

The NY Post reports the “duh” details:

Sales of taxed cigarettes have plummeted a staggering 27 percent statewide since the highest cigarette tax in the nation took hold in July, a Post analysis has found…

“That’s what we warned would happen, and obviously it has come to fruition,” said James Calvin, of the New York Association of Convenience Stores.

“Every tax increase drives more smokers to that dark, shadowy, unregulated, unlicensed, untaxed side of the street. The whole policy is self-defeating.”

If the trend continues, the state could fall far short of the $260 million windfall Paterson expected from the 58 percent tax hike.

How do you solve the shortfall? Liberals would tell you the only solution is to raise taxes.

Source: New York Post

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We’re pretty sure the state of Massachusetts would take cash, check, money order or credit card, but it’s been three months and deadbeat John Kerry still hasn’t paid the taxes on his $7,000,000 yacht.

john kerry yatch taxes

John Kerry seems baffled by the concept of paying the taxes he expects others to pay

The Boston Herald has all the taxing details:

You may recall that Kerry lowered the flag and surrendered in July, agreeing to pony up more than $400,000 to cover state taxes on the toney tub. Mr. Teresa Heinz broke out the checkbook four days after the Track set off a furious tempest with our report that he had purchased the 76-foot floating palace and ported her in Rhode Island, thus depriving the commonwealth of its pound of flesh.

A spokesman for the state Department of Revenue confirmed that “a sales tax return was filed” by Kerry last summer to cover state taxes that would have been owed, had he kept the Isabel in his home state’s waters. But according to the Nantucket tax collector, he never paid any excise taxes to the town on the Isabel.

Penalties? Interest? We doubt it.

Because when you’re John Kerry, what’s good for thee is never good for me.

Source: Boston Herald

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credit-cards

Annual Fee $65, Monthly Interest $237, Monthly Payment $797, Getting Rid of this Administration Priceless

How’d we miss this story back in June?

In case you don’t think the government takes enough of your money, they’ve come up with a simple way for you to give them more.

Got a few extra bucks for Uncle Sam? Now the U.S. Treasury has made it easier to donate—via credit card. In January, the department’s Bureau of the Public Debt began to accept payments via Visa, MasterCard, American Express, or Discover.

May we suggest that you apply for a Platinum card. You’re going to need it, because last we heard your share of the national debt was $43,000.

Source: Newsweek

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Wolf Blitzer asks Barbara Boxer about her record on tax cuts and the California Democrat’s answer is so preposterous that the CNN host realizes he can’t just stand by and let her get away with it.

And that’s when the fun begins. Boxer starts throwing out numbers, retracting numbers, correcting numbers, revising numbers, stuttering and stammering.

Good lord, this woman is IHateTheMedia.com’s senator. We’re doomed. Absolutely friggin’ doomed.

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ABC News’ Jake Tapper really should win some sort of award for Reporter of the Year. Day in and day out, he’s been tougher on the Obama administration than any other mainstream reporter.

On Thursday, for example, Tapper badgered press secretary Robert Gibbs, asking him to explain the President’s claim that congressional Republicans are holding middle class tax cuts “hostage.”

“As I understand it,” Tapper correctly noted, “Democrats haven’t introduced a bill in the Senate, and the Republicans have. Wouldn’t there have to be a bill that Republicans are threatening to block or [are] blocking before anything is being ‘held hostage’?”

Gibbs broke out his tap shoes and put on a display worthy of Gregory Hines in his prime.

“I don’t know what bills have been introduced in the Senate,” Gibbs tapped. “Obviously, I think the — the posture of — I don’t think the bill would have to be the existence of — I mean, I think their rhetoric alone, from Senator McConnell and others, have been that the price of — there’s a $700 billion price tag on moving forward on the tax cuts for the middle class. That’s the tax cuts for the wealthy.”

If politics were baseball, Gibbs would announce that Obama struck out ten batters before the umpire hollered, “Play ball.”

H/T: TheBlaze.com

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“Stop saying that giving people tax cuts is giving people money. It’s their money!”

If this were a quiz and you had to guess what TV commentator said those words, Chris Matthews wouldn’t be in your first 100 guesses.

Was it a moment of clarity? A stroke? An attempt to begin repositioning himself as a conservative so he can move to Fox News after the election?

Got any other ideas?

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A rose by any other name is probably a liberal ploy

by editor on September 20, 2010

Taking credit for the success of the Iraqi war and the apparent success of the current campaign in Afghanistan (which, of course, was modeled after a Bush strategy that both Obama and Biden opposed) was apparently not enough. No, The Greatest President Who Ever Was and Ever Will Be is now taking credit for those tax cuts that he used to call irresponsible.

janet-napolitano

Janet Napolitano is not a ugly lesbian Nazi. She's an appearance-challenged, alternate lifestyle, Democracy optional advocate

According to Fox News, Nancy Pelosi is currently calling for a vote on “The Obama Tax Cut’s.” Wait a minute. Aren’t the Obama Tax Cut’s actually an extension of the old “Evil George Bush Tax Cuts?” You know, just like the extension of the old Evil George Bush Patriot Act, which doesn’t impair anyone’s rights now that it is the “Glory to Obama Wondrous New Laws for Americans Who Do Not Cling To Their Guns Or Their Religion Super Duper Patriot Act.”

Fox News also reports that, “The White House wants the public to start using the term “global climate disruption” in place of “global warming” — fearing the latter term oversimplifies the problem and makes it sound less dangerous than it really is.”

Damn, those Liberals are good at renaming things.

Can’t wait to hear what they rename Freedom?

Source: Fox News here and here

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Don’t let Sugar Mama find out about this. John Kerry was for tax cuts for the rich before he was against them.

Flip, meet flop.

The New York Post has the details:

john kerry teresa

John Kerry made his money the old-fashioned way - by marrying a rich, unattractive widow

Last week, the member of the Senate Finance Committee told the Boston Globe, “Under no circumstances do I believe we should give a blanket extension to the Bush tax cuts for the wealthiest Americans — it won’t fix our economy and it will add billions to the long-term structural deficit.”

But in a late July committee meeting, Kerry said he would support a one- to two-year extension of the Bush tax cuts for the rich, if it was part of a bill that also extended middle-class cuts for a longer period, according to person familiar with the situation.

As it happens, that is precisely an idea that committee Chairman Max Baucus of Montana is floating, the person said.

Kerry spokeswomen declined to comment on whether he supported a limited extension.

For them in July. Against them in September. Definitely for them again on April 15.

Source: New York Post

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Federal workers across the fruited plain owe more than $1 billion in back taxes. That’s bad enough. But now comes the news that congressional employees owe more than $9.3 million.

The Washington Post has the deadbeat details:

tim geithner tax cheat

A fish rots from the head down: Tax cheat Tim Geithner apparently sets the tone for all of Washington

The debt among Hill employees has risen at a faster rate than the overall tax debt on the government’s books, according to Internal Revenue Service data. It comes at a time when some Republican members are pushing for the firings of government workers who owe the IRS and President Obama has urged a crackdown on delinquent government contractors.

The IRS information does not identify delinquent taxpayers by name, party affiliation or job title and does not indicate whether members of Congress are among the scofflaws. It shows that 638 employees, or about 4 percent, of the 18,000 Hill workers owe money.

The average unpaid tax bill is $12,787 among the Senate’s delinquent taxpayers and $15,498 among those working in the House.

And just when you thought it couldn’t get any worse, it does. Poke into any corner in Washington, DC and you’ll find deadbeats:

41 White House employees owe the government $831,055 in back taxes. Secretary of Labor Hilda Solis’ runs a department in which 463 employes owe $7,481,463. Eighty-one people working for the Federal Reserve’s Board of Governors owe $1,076,733. And Eric Holder’s Justice Department has a remarkable 1,971 employees who have stiffed the government for $14,350,152 in overdue taxes. Janet Napolitano, Director of Homeland Security, has 4,856 employees who owe the IRS $37,012,174.

Fact is, they all owe us an apology. With penalties and interest.

H/T: HotAir.com

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Barack Obama claims that he hasn’t seen any plans from Republicans. How about this one from House Republican leader John Boehner.

The Ohio Republican told Good Morning America that both parties should work together to create jobs by cutting spending to 2008 levels and freezing all tax rates for two years.

“What I’d like to do is work on a bipartisan basis to do two things. First, instead of waiting until after the election to put together some big omnibus spending bill with a bunch of wasteful spending, why wouldn’t we do this? Why don’t we pass a bill this month at 2008 spending levels — before the TARP, before the bailouts, before the ‘stimulus’ — and let’s put some certainty in the economy. … Secondly, why wouldn’t we work together to make it clear that all current tax rates will be extended for the next two years? What that will do is help small businesses, who have no clue what the coming tax rates are going to be, and give them some certainty. If we’re able to do this together, I think we’ll show the American people that we understand what’s going on in the country and we’ll be able to get our economy moving again and get jobs growing in America.”



Of course, George Stephanopoulos looked at him like he had two heads. Which, of course, would be two more than the Democrats seem to have these days.

H/T: John Boehner

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We’re not sure which half of that headline is worse: the fact that President Obama considers an annual family income of $250,000 to be rich or that government salaries are so high that a husband and wife who both work for the government can make enough to be considered rich.

National Review has an interesting angle on the story:

rich-government-workers

We never expected the phrase "The rich get richer" to apply to government workers

… average federal compensation packages now worth about $120,000 a year — more than twice the going rate in the private sector. And it’s not just high salaries, pensions, and generous benefits: It’s private-sector-level bonuses, too:

Under the Obama administration, the government is doing such a good job that it’s decided to reward itself. Last year, Uncle Sam paid out $408 million in bonuses to 1.3 million federal workers, according to the Asbury Park Press, which obtained the information through a Freedom of Information Act request. That’s about $80 million more than the previous year. About one in four federal workers received a bonus, and awards ranged from $25 to, in the case of one lucky State Department worker, $94,500. . . .

Federal bonuses are being doled out liberally, even as federal salaries are exploding. From December 2007 through June 2009, the number of federal workers earning six figures increased from 14 to 19 percent. In 2008, average federal compensation, including pay and benefits, was $119,982 — considerably more than the $59,909 average in the private sector, according to the Commerce Department’s Bureau of Economic Analysis. In the midst of a brutal economic downturn that saw millions of jobs lost and unemployment soar above 10 percent, the Office of Personnel Management data shows the federal workforce actually added nearly 100,000 jobs from December 2008 to December 2009.

November. November. November. November. Just keep repeating it to yourself over and over again.

Source: National Review

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If it walks like a socialist, talks like a socialist, and acts like a socialist, odds are it ain’t a duck.

Here’s Richard Trumka, head honcho at the AFL-CIO and frequent White House visitor, speaking to a group of European socialists.

“It is possible,” he said, “for us to get a financial tax around the world.”

Seriously. How can anyone still doubt that Obama is a socialist?

(If this video does not work, click here.)

Source: The Blaze

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battlestar-galactica-starbuck

Kara Thrace (callsign "Starbuck"), our favorite economist

The what? The who? We thought the Elders of the Economy were a group of aliens from the original Battlestar Galatica, but no.

Turns out that this newly-revered group includes “Alan Greenspan, David Stockman, former budget director in the Reagan White House, and former Treasury Secretaries Robert Rubin and Paul O’Neil” and any other economist or banker who’s ever come out in favor of higher taxes.

According to CNN Money, “Former Federal Reserve chairman Alan Greenspan was first and has taken the most extreme position, arguing that all of the Bush tax cuts of 2001 and 2003 should be allowed to expire.”

Of course, everyone knows that the Obama administration doesn’t want to raise taxes. It’s just so alien (see the Battlestar Galactica connection?) to everything they believe in. “The White House and most Democrats have argued for keeping the taxes cuts in place for most households, but letting them expire for those earnings more than $250,000, about 2% of the country.”

Yes, the Democrats HATE to raise taxes, but if Alan Greenspan says they must, well, then they simply must. Because everyone knows that they worship the former head of the Fed and are obligated to obey his every pronouncement.

Of course, the guys that Democrats now call “Elders of the Economy” are the same guys they were calling “sons of bitches” not too long ago. But all they had to do was mention raising taxes and they were instantaneously transformed into heroes of the Democratic party.

As Starbuck might say, “It sure seems like the Obama administration is all fraked up”

Source: CNN.com

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