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    Is This a Joke?

    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] … More

    'Meet The Press' Addresses Tax Hikes

    [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 … More

    Obama's Tax Hikes: "De-motivating and Demoralizing"

    ABC News has a great story on how upper-income taxpayers are already planning to cut back work to avoid President Barack Obama’s inevitable tax hike: A 63-year-old attorney based in Lafayette, La., who asked not to be named, told ABCNews.com that she plans to cut back on her business to … More

    Obama Tax Proposals: Danger Ahead for Charities and Civil Society

    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 … More

    President Obama's Budget: A Better Magic Show Than Las Vegas

    Classic Tax and Spend Budget Increase, Raise and Hike: The President’s budget proposal increases taxes by $1.3 trillion; raises entitlement spending by $700 billion (including the health care fund), and hikes discretionary spending by a steep 12%. Creating Deficits, Not Eliminating Them: Given the budget deficit has already quadrupled in … More

    Quick Observations on President Obama’s Budget

    Budget Trickery The President also employs budget trickery on spending. He first assumes that Iraq spending will continue indefinitely at 2008 levels (which was never going to happen, according to the military’s own Joint Campaign Plan), and then calculates $1.5 trillion in savings against that baseline. If you eliminate that … More

    Obama Tax Proposals (Mostly) Bad News

    President Obama’s budget document lacks the details necessary to judge fully his tax proposals. What we have are proposed streams of revenues over 10 years and short tag lines describing the proposals. A full assessment of his tax program will therefore have to wait. The initial impression, however, is that … More

    About that $318 Billion Tax Hike

    According to the Washington Post, President Obama plans to create a new health care trust fund that will cost $634 billion over ten years. The money for this fund will be generated by a massive tax increase on those earning over $250,000 in income. The Administration estimates that a total … More

    Morning Bell: Let the American People Recover

    Rhetorically there was much to like in President Barack Obama’s speech to Congress last night. None better than this early statement: The answers to our problems … exist in our laboratories and universities, in our fields and our factories, in the imaginations of our entrepreneurs and the pride of the … More

    Obama's Broken Tax Cut Promise

    It took President Barack Obama all of 15 days to break one of his most fundamental campaign promises. Even in these fast-paced times, that has got to be a record. On Wednesday, February 4, President Obama proudly signed into law a huge increase in the federal tobacco excise tax. The … More