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    Henry Ford: No Model P(rogressive)

    April 17, 2012 at 1:15 pm

    8 Comments

    Henry-Ford

    President Obama has a new role model for his Buffett Rule tax—Henry Ford. It’s an odd choice considering that Ford advocated free-market capitalism and opposed redistributive policies. Despite the lucrative government contracts, Henry Ford refused to participate in FDR’s 1933 National Recovery Act. (Let’s not forget that Ford Motors was … More

    Morning Bell: What Tax Day Could Feel Like in 2013

    April 17, 2012 at 9:02 am

    42 Comments

    1040Form

    In addition to today being Tax Day, it’s also, coincidentally, “Tax Freedom Day” — meaning that it has taken from January 1 until now for Americans to earn enough money to pay this year’s federal, state, and local tax bill — 29.2% of all our income. In other words, for … More

    Tax Day 2012: Taxmageddon on the Horizon

    April 16, 2012 at 5:33 pm

    3 Comments

    irs

    In a bit of scheduling serendipity, Tax Freedom Day—the day when Americans finally earn enough income to pay off the bill for all federal, state, and local taxes for the year—falls on April 17 this year. That also happens to be Tax Filing Day 2012. Absent tax changes made by … More

    Sweden Is Not Just About ABBA and IKEA Anymore

    April 16, 2012 at 5:30 pm

    13 Comments

    abbapng

    Sweden is known for, among other things, Swedish meatballs, the pop group ABBA, and IKEA. Well, here is another thing that Sweden should be recognized for: tax cuts. Yes, you heard right: tax cuts. Sweden used to tax corporations at a 60 percent rate. Now that has come down to … More

    Picture This: The Buffett Rule vs. Obama’s Budget

    April 16, 2012 at 2:22 pm

    22 Comments

    buffett-rule-size-sm

    President Obama says his “Buffett Rule” — which imposes higher taxes on wealthy Americans and job creators — will help “stabilize our debt and deficits for the next decade.” But if you compare how much money his policy raises with how much he’d like to spend, you get a much … More

    Morning Bell: Tax Gimmicks, Tax Doom

    April 16, 2012 at 8:46 am

    56 Comments

    Obama-4-10-12-taxes

    The U.S. Senate could vote today on the gimmicky distraction known as the Buffett Rule — President Obama’s plan to raise taxes on wealthy Americans and job creators in order to supposedly bring “fairness” to the tax code and pay down the debt. As the paper-thin justification for the proposal … More

    Chart of the Week: The Tax Burden on American Households

    April 15, 2012 at 9:16 am

    16 Comments

    Though the economic downturn has temporarily lowered overall tax revenues, the tax burden on Americans is still high.

    Americans who are scrambling to pay their taxes by Tuesday’s deadline are in store for more depressing news: The tax burden on American families has risen dramatically and will continue to climb into the future without action from Congress. This week’s chart outlines the growth of taxes over the past … More

    Why Unions Want Higher Taxes

    and

    April 13, 2012 at 12:00 pm

    19 Comments

    The AFL-CIO and MoveOn hold a tax day rally protesting against corporations.

    No one likes tax increases, right? Not quite. Government unions do. In California, government unions recently postponed their contract negotiations until after a vote on an initiative that would hike taxes. The unions support the initiative, and they don’t want their new contracts to cause Californians to vote no. Their … More

    Online Chat on Taxmageddon and the Buffett Rule

    April 12, 2012 at 10:00 am

    5 Comments

    danger-sign

    Taxmegeddon is coming. No, it’s not April 15th, but in 2013, there will be massive tax increases that will raise taxes by $494 billion. Does President Obama want to talk about that?  No. Just as he doesn’t want to talk about the deficit, or gas prices, or Obamacare.  Instead, President … More

    Morning Bell: Buffett Rule 101

    April 11, 2012 at 9:23 am

    73 Comments

    Obama-Florida-Atlantic-4-11-12

    President Obama traveled to Florida yesterday to distract the nation from its real problems by laying out his case for the Buffett Rule, a plan to drastically raise taxes on successful Americans and small businesses. The core of his argument is that the rich aren’t paying their fair share. It … More

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    Ed Meese: We’ve Seen the Effect of “Amnesty” BeforeExperts can’t always predict exactly how public policy will affect the nation, despite our best efforts. But when it comes to immigration policy, we have tried many of the types of reforms advocated by today’s Gang of Eight—so we should consider the effects these reforms had in the past. In … MoreMore
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