In the ongoing discussion on how best to address the nation’s out-of-control deficit spending, one proposal would increase taxes by adding a value-added tax (VAT) on top of the current tax system. Proponents argue that a new tax on consumption would raise the needed revenues to close the deficit gap …
Vice President Joe Biden is at it again, this time spouting off on his desire to raise taxes through the looming expiration of the 2001 and 2003 tax cuts. The White House favors extending current tax policy—but only for individuals making under $200,000 and families making under $250,000, allowing rates …
Health care isn’t something most students worry about. Government stats show about 80 percent of college students are covered under a parents’ plan. For them, Obamacare may mean they can keep the insurance they already have for a few years beyond college, but it won’t affect the coverage they carry …
So far, 21 states have filed lawsuits challenging the constitutionality of Obamacare. As they move forward, it’s worth pondering what would happen to the health care overhaul if they succeed. Could one lawsuit be the proton torpedo that blows up the Obamacare Death Star? Typically, courts can deem a legislative …
Obamacare creates a host of new federal requirements billed as consumer protections. But enacting these policies falls not on the feds, but on the states. Some of these provisions were among the more popular components of Obamacare: guaranteed issue for children; letting individuals remain on their parents’ health plan up …
Social Security faces the serious danger of failing to live up to its name due to its unfunded obligations. Last week, the Social Security and Medicare trustees issued their report on the fiscal outlook for the program. We reported that: Social Security has a $7.9 trillion shortfall (up $0.1 trillion …
Next January, tax rates will increase—even though the country remains in a recession—unless Congress takes action. The Obama Administration’s solution is to extend the 2001 and 2003 tax cuts except for families earning $250,000 and individuals earning $200,000. But is this the right move from an economic perspective, and the …
There’s a lot of talk these days about patient-centered health care reform. Before Obamacare, health care revolved around employers, and little has changed since passage of the new law. This is primarily due to federal policy regarding the tax treatment of employer-sponsored insurance, which was left untouched by the federal …
Weak economy or not, a huge tax increase is just around the corner. Tax relief enacted nearly a decade ago is set to expire in January, raising taxes for middle-class families, slamming the economy with new burdens, and hurting Americans at every level. The Obama Administration wants to raise taxes …
