Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Wednesday, July 13, 2011

Barack: Don't raise taxes during a recession

In August of 2009, Barack was interviewed by Chuck Todd on the economy. When it came to the issue of raising taxes on the wealthy, Barack was asked by Scott Ferguson to:
Explain how raising taxes on anyone during a deep recession is going to help with the economy.
Barack answered that it would be a mistake to raise taxes at that time. He said that it would cost jobs:
Well, first of all, he is right. Normally, you don't raise taxes in a recession, which is why we haven't and why we have instead cut taxes. So I guess what I would say to Scott is his economics are right, you don't raise taxes in a recession. We haven't raised taxes in a recession. ...
...So he is absolutely right, the last thing you want to do is to raise taxes in the middle of a recession because that would just suck up — take more demand out of the economy and put businesses in a further hole.

Huh.
That was August of 2009.
What changed?

Sunday, July 25, 2010

IRS Health care powers

The Wall Street Journal recently wrote an article covering the new things that the IRS can do connected with health care:
Ms. Olson also exposed a damaging provision that she estimates will hit some 30 million sole proprietorships and subchapter S corporations, two million farms and one million charities and other tax-exempt organizations. Prior to ObamaCare, businesses only had to tell the IRS the value of services they purchase. But starting in 2013 they will also have to report the value of goods they buy from a single vendor that total more than $600 annually—including office supplies and the like.

But... I thought that was debunked by the left, when they said that the IRS would not be involved...?

Sunday, July 18, 2010

Your health insurance penalty is finally labeled a tax

Its too late to call this progress. It should have been labeled a tax before the health care bill was passed. But its more honest then it was before. From the NY Times:
When Congress required most Americans to obtain health insurance or pay a penalty, Democrats denied that they were creating a new tax. But in court, the Obama administration and its allies now defend the requirement as an exercise of the government’s “power to lay and collect taxes.”


What it comes down to is that the health care takeover is being challenged in court. Barack's administration can't defend taking money from the public unless they actually call it a tax.
Personally, I hope that when it goes to court, the plaintiffs will detail how the administration tried not to call it a tax, and how it was pitched to congress as something that was not a tax.

Tuesday, April 20, 2010

"Proud" taxpayer?

Have you ever been "proud" to pay your car payments?
How about when your mortgage comes due? Do you feel "proud" then?

Say Hello to Gail Collins, who thinks that we need to be "proud" every time we pay taxes:
Paying a lot of taxes should be a badge of honor. It proves you made it into the league of big money-makers, not to mention the fact that you’re supporting the upkeep of the Grand Canyon. If the I.R.S. had been doing its marketing properly, little kids would dream of growing up to become really big taxpayers.

Gail is clearly the type of person who claps every time after signing a check and cheers "Yay!" Her entire column is about how we don't realize how little taxes we are paying, and how if we knew how little we were paying, we'd be happy.

Gail is in that rare, bold category of denial where she should be wearing a helmet. She believes that if she doesn't see the tax, then it doesn't exist or affect her. I'm sure Gail wonders, quietly, what all of those extra charges are on her cell phone bill. Or why she has to pay extra fees on her electric bill. I'm pretty sure she doesn't grasp how many invisible taxes we all pay.

Because if she did... she would be cheering and clapping constantly.