Out of the blue today, President Barack Obama followed in President George W. Bush’s footsteps and announced the formation of his own tax reform panel. President Obama should be applauded for taking on the important work of reforming the tax code because it badly needs an overhaul. Hopefully, the Obama …
Heritage Foundation Senior Policy Analyst Brian Riedl details how President Barack Obama’s budget raises taxes on Americans by $1.4 trillion: In his recent address to Congress, President Obama promised that “if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I …
Laura Tyson’s “In Defense of Obamanomics” in the Wall Street Journal Monday well portrayed the view of history and government from the classical American socialist perspective – more government is inherently better (except when it involves national defense), higher taxes are inherently better, especially when falling on the most productive, …
The Wall Street Journal‘s Kimberley Strassel reports today that the businesses in the U.S. Climate Action Partnership are beginning to realize that the cap and trade was never about global warming: “People are learning,” says William Kovacs, vice president of environment, technology and regulatory affairs at the U.S. Chamber of …
The late night comedy shows are beginning to notice that President Barack Obama loves raising taxes. Check out this David Letterman clip from earlier this week: [youtube]http://www.youtube.com/watch?v=F45hXrpa7n8&feature=channel_page[/youtube] You can view his whole monologue at CBS here, which also includes a great joke about Obama’s investment advice.
The AP reports: “President Barack Obama’s Treasury secretary says the administration will unveil a series of rules and measures in the coming months to limit the ability of international companies to avoid U.S. taxes. ” We only ask because: January 7, 2009: “But even an experienced financial expert like [Nancy] …
[youtube]http://www.youtube.com/watch?v=faOE3aWyTIg[/youtube]Yesterday, on Meet The Press, David Gregory introduced a roundtable conversation on President Obama’s plans to raise taxes, by quoting Brian Riedl of the Heritage Foundation. Brian’s research shows that the top 20 percent of taxpayers currently pay more than 80 percent of all taxes collected. And 40 percent of …
Here’s a test: Guess who made most of the charitable contributions in 2006, according to the most recent data available from the Internal Revenue Service? If you guessed “taxpayers with high incomes”, you’d win the prize. Now, guess which class of taxpayers the Obama administration wants to discourage from making …
