As a “compromise” with Democrats who opposed it, the 2003 legislation that enacted the Bush tax cuts included an expiration date: 12/31/2010. The current, lame duck Congressional session is the last chance for the current Democrat majority to extend the Bush tax rates and prevent a substantial increase on every American who pays income tax. [...]

Myth #3: Since the Bush tax cuts of 2003 “the rich” have not paid their fair share of federal income tax. President Obama and Democrat leaders in Congress have decided that income tax rates for “the rich,” those earning more than $200,000, must be increased. One of their justifications is the claim that at current [...]

“These are gigantic packages…and a lot of the people really involved don’t even know what’s inside the packages.” Thirty Second Video Vice President Biden blames lack of public approval on lack of public comprehension due to the size and complexity of Obama legislative packages. As is his wont the Vice President makes an inadvertent admission.  [...]

Federal Reserve Chairman Ben Bernanke testified before Congress’s Joint Economic Committee, and issued a warning about the deficit: Although sizable deficits are unavoidable in the near term, maintaining the confidence of the public and financial markets requires that policymakers move decisively to set the federal budget on a trajectory toward sustainable fiscal balance. In the [...]

The media report that President Obama has already produced 28 speeches and town halls in the campaign to sell us his government imposed tear-down and reconstruction of health insurance and  medical services, deceptively named “reform.” Today, the stage is being set for performance #29, tonight’s hastily scheduled joint session of Congress, a blatantly arrogant and [...]

A simple change to the tax code would empower millions of Americans who now must accept health plans selected by their employers to shop for better, lower cost coverage in an open market.  Yet Congress and the President refuse to consider it. We all experience continuous marketing and advertising for car insurance and life insurance.  [...]

Representative Chris Van Hollen (D) Maryland held a town hall last Friday to discuss health care with constituents.  We’ve singled him out for attention because his presentation was so typical of what we’re hearing from the political-media establishment. Van Hollin began with the current status of health care legislation.  He reported that three bills had [...]

As grim Congressmen and Senators face skeptical voters to explain their plans to vote for thousands of pages of legislation they have not read, to empower government officials to run the entire health care industry,  the Cash for Clunkers program burst into the news just in time to provide some comic relief. By now most [...]

Warning: this may look like boring, accounting stuff.  But you should resist the temptation to click away.  This could be the most explosive paragraph in the thousand page bill. SEC. 116. ENSURING VALUE AND LOWER PREMIUMS. (a) IN GENERAL.—A qualified health benefits plan (QHBP) shall meet a medical loss ratio as defined by the Commissioner.  [...]

Small businesses that create most of the new jobs in America would be hammered by the House version of ObamaCare, which includes a new 5% surtax on taxpayers with more than $1,000,000 of income. When combined with state income taxes and the federal Medicare tax, this would drive the top tax burden, for the most [...]