Was the Fiscal Cliff Deal a Triumph Over Liberalism?
George Will thinks so. If you look at his logic -which involves the number of Democrats who voted to make most of the Bush tax rates permanent- it looks pretty solid (my bold emphasis). “I think people will look back on this [as a] deal where liberalism passed an effigy and went into decline for [...]
We’re Saved from the Fiscal Cliff! Your Taxes are Still Going Up
Well, most of you. And, the less you make, the more it will hurt. The payroll tax reduction, which -as part of the stimulus- took the rate from 6.2% to 4.2%, has expired. This tax affects everybody, but it has a cap – so people who make a lot of money only pay it on [...]
Small Businesses and Economists Agree: Higher Taxes is a Bad Idea
With President Obama intent on raising taxes on anyone making $250,000, it seems certain that a lot of small businesses will be impacted. A Chamber of Commerce survey confirms this: A survey of U.S. Chamber small business members found that impending tax increases will slow hiring and stall business investment and expansion: Is the impending [...]
Wait – I Thought Obama Had a “Mandate” to Raise Taxes?
I guess he does, if 41% of the people who voted for HIM say so. Another 41% say it ought to be done with spending cuts and taxes. The coalition of voters that gave President Barack Obama a second term splits over how to reduce the deficit, according to a poll released Monday. A survey [...]
Arthur Laffer: Herman Cain’s 9-9-9 Plan “Pro-Growth”
Arthur Laffer is considered the “father” of supply-side economics, and famously demonstrated justification for lower tax rates with his “Laffer Curve” (read about the Laffer Curve here). Laffer says Herman Cain’s 9-9-9 plan for revamping the tax code makes a lot of sense: Famed supply-side economist Art Laffer told HUMAN EVENTS that Cain’s “9-9-9″ plan [...]
Herman Cain on Securing the Border and Reviving Our Dismal Economy
Herman Cain gives his plan for securing the border and dealing with the illegal immigration problem. It’s pretty sensible: Secure the border with technology and GUNS. If that means 6000 armed agents on the border, then that’s what we should do. Obama (*DfOaLG) made the nonsense statement in his speech yesterday that “the border fence [...]
Note to Illinois Governor: Raising Taxes is NOT the Way to Promote Growth
So says Caterpillar Chairman and CEO Doug Oberhelman, in a letter to Illinois Governor Pat Quinn, who recently presided over a 66% increase in taxes in that state. In a letter sent March 21 to Gov. Pat Quinn, Caterpillar chief executive officer Doug Oberhelman said officials in at least four other states have approached the [...]
O.M.G. Is it Possible for Michael Moore to Be this Colossally Ignorant?
Yes, I guess it is. Michael Moore bloviates on how all that cash that rich people and corporations have is really “collectively a resource for all Americans…and we need to start taxing them at the ‘appropriate’ rates” so it’s spread out a little more evenly. Wait – haven’t I heard that “spread the wealth around” [...]
The Dismal Science and Me: 5 – Taxes Discourage Production
Last time we talked about public works projects. They’re often necessary, and fulfill some important need for the citizenry. Large-scale projects, in particular, provide physical, visible, memorable evidence of the results: the Hoover Dam is a fine example of what can be accomplished, as are any number of bridges or other edifices. We also discussed [...]
Best Argument Against the Estate Tax: It’s Just Wrong
In recent weeks, as part of the debate over extending the Bush tax rates, we’ve heard caterwauling from the left about how we’re giving the rich a gift by only raising the estate tax back to 35%, instead of the 55% that it was before it fell to zero. Jazz Shaw has a good post [...]
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