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This week, the left-leaning Economic Policy Institute (EPI) offered its solution for jumpstarting the lagging economy -- more government spending. EPI's President, Lawrence Mishel advocated a new tax-and-spend plan to the tune of "$500 billion or more in government spending, employment tax credits...
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With a budget gap of more than $2 billion, New York State is leaving no stone unturned to find ways to bring in more money. One newly revealed attempt is a mandatory new license plates which will cost $25 (up from $15). Adding insult to injury, the fee is being justified a public safety issue . There's...
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If you heard it once during the 2008 presidential campaign, you heard it a thousand times: Barack Obama will not raise taxes on anyone making less than $250,000 a year. Obama made the pledge most emphatically in New Hampshire, where people live free and die knowing they paid low taxes. "I can make...
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"I think if you get into the way it was written, it's a huge tax and there's no sense calling it anything else. I mean, it is a tax ." So says Warren Buffett , Chairman of Berkshire Hathaway and perhaps even more importantly, one of the President's biggest supporters in the economic...
Posted to
AIP Blog
by
Despina Karras
on
06-28-2009
Filed under:
Filed under: energy, cap and trade, capitalism, free market, stimulus package, government spending, taxes, stimulus, job losses, tax issues, economic crisis, regulation, unemployment, green jobs, cap and tax, consumers, economics, environmentalists
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I understand that regional offices and constituent services are very important for members of Congress who actually want to communicate with their districts. Home offices are not necessarily cheap, and they need decent staff to run smoothly. Still, while these things are important, they are not as important...
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Everyone knows that a new cap-and-trade energy policy would hurt the wallets of American consumers, but how much? The Tax Foundation has created the Household Cap-and-Trade Burden Calculator in an attempt to answer that question on an individual basis. According to the Tax Foundation : The calculator...
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When the rich leave New York State because of high taxes, they are accused of being selfish, or not caring about the "schoolchildren, elderly, disabled, and homeless." Recently, two wealthy New York residents, Rush Limbaugh and Tom Golisano, changed their residencies to Florida to save thousands...
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A national sales tax may or may not be a good idea, depending upon the terms of the tax, the rate of the tax, and whether or not it replaces the national income tax. Assuming it is meant to supplement the income tax, not replace it, a national sales tax would constitute a monstrous tax increase that...
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Yesterday, voters in one of the most Liberal states in the entire country turned down a series of tax hikes and budget adjustments that would have temporarily kept the state floating, but would have further damaged the state's economic climate leading to future problems with revenue and employment...
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This just in from Politico : People who like the tax-free status of their company health benefits could be asked to ante up. Money in the pot: more than $700 billion over 10 years. Treasure the tax benefits from your health savings account? Some experts say the accounts encourage “excess consumption”...
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For years, punishing taxes have been levied on cigarettes as a way to discourage behavior that the government doesn’t like. Now it’s soda’s turn. Already, at least a dozen states have enacted some type of tax on sweetened beverages. Earlier this year, New York Gov. David Paterson asked...
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Late last year , New York Governor David Paterson proposed a 15% "obesity tax" on non-diet soda to help close the state budget gap. The idea was so unpopular, Paterson had to axe the idea in March. Despite the warning, Democrats in congress, determined to find a way to pay for Barack Obama's...
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It’s A Stimulus Stupid! Part Two! Last week when I left all you wonderful viewers we were talking about the alternative minimum tax increase found in the American Recover and Reinvestment Act of 2009. Now it is our duty to move on and uncover more of the nonsense that was passed off as “stimulating...
Posted to
AIP Blog
by
AIP Admin
on
05-12-2009
Filed under:
Filed under: senate, congress, wasteful spending, economy, budget, treasury, pork, stimulus package, government spending, taxes, stimulus, economic recovery, economic crisis, spending, education, taxpayers
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President Obama’s prediction of 3.5 million jobs arising out of the stimulus bill is starting to unravel, as was inevitable. Christina Romer, chairwoman of the White House Council of Economic Advisers, told C-SPAN yesterday that we won’t see positive job growth until 2010. This follows April’s...
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Like the proverbial frog in a pot of heating water, we tend not to notice how ridiculous our tax situation has gotten until it's too late. I think it's useful to be reminded once in a while of just how intrusive our government has gotten in its quest to fund the gargantuan programs the President...