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 …
Unless Congress and the President intervene legislatively, federal income taxes will soar on January 1, 2011 for millions of middle- and upper-income Americans. Tax relief enacted in 2001 and 2003 is set to expire. Whose money is this? Is it the taxpayer’s money taken by government, or government’s money left …
The mainstream media is having a field day with House Minority Leader John Boehner’s (R–OH) less-than-stellar handling of a simple “when did you stop beating your wife” question posed by NBC’s David Gregory on Sunday’s Meet the Press. Gregory repeatedly badgered Boehner about how he could square the Republicans’ newfound …
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 …
Progress is often a matter of higher, faster, further—profits are higher, computer chips are faster, cars run further on a gallon of gas. In Washington, progress is often measured by more and more—spending more than ever and being more cynical than ever. The liberal leadership in Congress has set a …
Bill Gale’s discussion of the five myths about the Bush tax cuts was an unusually slanted piece from a normally straight-shooting liberal economist. With respect to an old friend, a little further myth busting is called for. Tax Relief as Stimulus Gale refers to the proposition that extending the tax …
Liberals are desperate to bully or chide the rest of the country into accepting massive new taxes to support the recent federal spending surge. Many opponents who resisted the spending on the grounds that it increased the budget deficit are now being called deficit chickens because they oppose the tax …
In yesterday’s Washington Post, Ruth Marcus uses “quack medicine” to describe conservatives’ support for extending the 2001 and 2003 tax cuts. Yet she commits her own economic malpractice. Ms. Marcus asserts that the tax cuts devastated tax revenues by pointing out that “tax revenue fell from 21 percent of GDP …
