Tag Archives: tax increases

Massive, Draconian Tax Increases Courtesy Of Barack Obama To Hit January 1st

So how many of you actually believed Barack Obama when he said he wasn’t going to raise taxes back during the ’08 campaign? Nobody? Well, I guess I wouldn’t want to admit that I’m a dumb shit either. On top of the large tax increases he’s already managed to ram in to law, you ain’t [...]

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Obama Budget: Tax Hikes and Another $1 Trillion Deficit

The 2013 budget being released Monday will propose public works spending while seeking tax increases on the wealthy and corporations to claim progress on the federal deficit in his upcoming budget. The spending plan projects a deficit for this year of $1.3 trillion, the fourth straight year of $1 trillion-plus deficits, and $901 billion next [...]

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New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink

Back in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to about 2 percent yearly. When CBO issued new numbers early last year, I repeated the exercise and [...]

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More than 100 Percent of Long-Term Fiscal Challenge Is Government Spending

Austan Goolsbee, the former Chairman of President Obama’s Council of Economic Advisers, has a column in the Wall Street Journal that argues government spending isn’t too high. That’s obviously a silly assertion, as I explain here, here, and here, but I want to focus on what he wrote about tax revenues. Here’s the relevant passage [...]

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Why Are U.S. Taxpayers Subsidizing a Paris-Based Bureaucracy to Help the AFL-CIO Push Obama’s Class-Warfare Agenda?

To be blunt, I’m not a big fan of the Organization for Economic Cooperation and Development. But my animosity isn’t because OECD bureaucrats threatened to have me arrested and thrown in a Mexican jail. Instead, I don’t like the Paris-based bureaucracy because it pushes a statist agenda of bigger government. This Center for Freedom and Prosperity [...]

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The Super Committee: Even If It Had Succeeded, It Was a Failure

We last week passed the $15 trillion national debt mark.  It continues hurtling upward, almost completely unabated. We the People did our job and then some in the historic 2010 election, delivering more than 70 new Republicans to the Congress – on their promises to rein in out-of-control Washington spending. Read the rest at Big [...]

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Supercommittee Fight May Reveal the GOP Is Beyond Saving

Some people have asked why I’m so agitated about the possibility that Republicans may acquiesce to tax increases as part of the Supercommittee negotiations. Rather than get into a lengthy discourse about the proper role of the federal government or an analysis of how the Bush-Obama spending binge worsened America’s fiscal situation, I think this [...]

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Connecticut Deemed the ‘Sinkhole’ of the Nation

According to the Institute for Truth in Accounting (IFTA), Connecticut has been identified as the top financial “sinkhole” state in the nation. IFTA, a nonpartisan and nonprofit organization that works for greater accounting transparency across all levels of government and business, reports that the Constitution state is at the top of a list of five [...]

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Hell bent on raising taxes, Obama’s 447B jobs bill will cost taxpayers 421B

94% of bogus “jobs bill” is funded by tax increases Let’s just put Obama’s thinking in perspective. The only way to create or help create jobs is by raising taxes. Essentially that’s what Obama believes. Let’s even do this another way. If you own a business, the only way you can hire people is by [...]

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Battle cry of the Democrat, “We Must Raise Taxes!”

Who couldn’t see this one coming? In the warped and insane mind of the Democrat, the credit downgrade should be solved by raising taxes. What part about this don’t they seem to be able to get through their Karl Marx influenced heads? It’s the spending that’s the problem. Those people are so far out there, [...]

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