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    Obamacare: Day Seven In The Senate Finance Committee

    On Thursday, October 1, the Senate Finance Committee heard the last of amendments to the America’s Healthy Choices Act of 2009. Senators continued to hammer out the details of health policy, even as they continued to openly contradict many of the President’s high profile promises on health reform, including his … More

    Obama’s Health Care Tax Explanation: Doesn’t Pass the Laugh Test

    The White House put out talking points on Tuesday in an attempt to deflect the debate on the multitude of tax increases in the health care plan working through the Senate Finance Committee. These tax increases almost uniformly violate (again) the President’s plan not to raise taxes on middle-income Americans. … More

    Morning Bell: It Depends On What Your Definition Of "Tax" Is

    Throughout his presidential campaign, then-candidate Barack Obama promised the American people: “If you’re a family that’s making $250,000 a year or less, you will see no increase in your taxes.” As President, Barack Obama reiterated that pledge, promising the American people in his September 9th health care press conference: “The … More

    Baucus Plan Eviscerates Obama's Tax Promise

    From the September 20th ABC News This Week interview between George Stephanopolous and President Barack Obama: STEPHANOPOULOS: Probably the most definitive promise you made in the campaign is that no one in the middle class would get a tax increase on your watch. OBAMA: Right. STEPHANOPOULOS: Yet this week, Senator … More

    Morning Bell: The Policy Is The Problem

    Prior to his September 9th, health care “make or break” press conference, the Wall Street Journal estimated that President Barack Obama had by that time already given 27 speeches entirely devoted to health care and he had mentioned the issue prominently in another 92. While the September 9th presser bumped … More

    Raising Top Marginal Tax Rates Punishes Small Businesses

    A widely propagated myth contends that raising top tax rates doesn’t hurt small businesses because only a small percentage of them pay rates at that level. But the number of businesses that pay top rates is economically meaningless. By this more accurate measure it is obvious that raising top income … More

    "Fees" Are Taxes and New Taxes Are Not the Answer

    According to a New York Times story on Sunday, Senate Finance Committee Chairman Max Baucus (D-MT) plans to propose a new “fee” on insurance companies to help pay for a costly liberal health reform package. This “fee” would allow Congress to penalize their straw man du jour, insurance companies, while … More

    Morning Bell: Job Creation Not Happening

    Today, the Department of Labor reported that 570,000 Americans filed initial claims for jobless benefits last week. This follows news from ADP Employer Services on Wednesday that private employers cut 298,000 jobs last month. As bad as these numbers sound (and they are bad) the real threat facing our nation’s … More

    Mad High Tax Rates

    On this week’s season premiere of the popular AMC show “Mad Men” viewers were reminded about the punitive high tax rates in the 1960s: [youtube]http://www.youtube.com/watch?v=tx8bQ-hqIUY[/youtube] This episode of Mad Men takes place in 1963, when the top income tax rate was 91 percent on incomes over $200,000 ($400,000 for married … More

    Morning Bell: The Obama Middle-Class Tax Hike is Coming

    Campaigning just last year, then-candidate Barack Obama repeatedly promised audiences at campaign stops across the country: “If you’re a family that’s making $250,000 a year or less, you will see no increase in your taxes. Not your income tax, not your payroll tax, not your personal gains tax, not any … More