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...
"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: 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
This week will mark four months since President Obama signed the stimulus bill into law. Four months later, unemployment has reached a 26 year-high, and only $44 billion of 'stimulus' money has been spent . Ironically, a recent Rasmussen poll shows that four months after passing the largest spending...
Posted to
AIP Blog
by
Despina Karras
on 06-14-2009
Filed under: wasteful spending, capitalism, stimulus, job losses, tax issues, spending, government, deficit, billions
Climate change solver or economy killer - these are the two sides to the debate on a cap-and-trade system. While it might be easy for many to get on board with reducing emissions, swallowing the costs of doing so is a different story. While the latest version of the bill eliminates permit auctions and...
Posted to
AIP Blog
by
Despina Karras
on 05-24-2009
Filed under: cap and trade, budget, free market, economic recovery, tax issues