The new Congress just started and already there are renewed demands from the political-media establishment for tax hikes. The message from President Obama, the Democrats and most of the media is that current deficits resulted from decades of tax cuts, and now, jacking up tax rates is the only “responsible” thing to do. Anyone who […]
The No-Jobs-During-the-Bush-Years Myth The tax rates implemented by the Bush tax cuts of 2003 are still in effect but are set to expire January 1 if Congress does not act. President Obama and the Democrats want to raise tax rates on those who earn more than $200,000. Half the over-$200,000 taxpayers targeted for an increase […]
On Sunday Senator Charles Schumer appeared on Face the Nation and was asked about Obama’s demand that Congress increase tax rates on high income Americans. His response in part was: …we have a big deficit problem. We have a great jobs problem. Better to put the money into deficit reduction creating jobs than give […]
Austin Goolsbee, Chairman of the President’s Council of Economic Advisers, appears in a video on the White House website to deliver a witless, condescending tutorial on taxes. It’s condescending toward you, the productive people who actually do the work, take the risks, and invest the capital that generates the taxable wages, taxable profits, and […]
Does anyone – even in Congress – really believe 2011 spending can’t be reduced from $3,745,000,000,000 to $3,675,000,000,000? President Obama and Congressional leaders argue that “we can’t afford” to continue the existing income tax bracket rates for all taxpayers. Obama insists that top bracket rates go up even though this tax increase would specifically target […]
This is the second in a series on Obama’s claim to be a victim of previous “irresponsiblie policy choices.” The first is here. One of the budget documents Obama published las week, “Inheriting a Legacy of Misplaced Priorities,”(ILMP) is a campaign style propaganda piece, intended to justify the upcoming budget. A key ILMP assertion, and […]
There has been a lot of media attention to President Obama’s budget announcements of last week. In fact, the actual budget has not yet been developed. Last week the Administration published several documents that were about the budget, but did not include the hundreds of pages of line items and numbers that will be included […]
Click on the button for more ObamaNomics coverage In his stump speech in Des Moines, Iowa this morning Barack Obama bellowed: The last thing we need now is four more years of the tired old policy that says we should give more and more money to Millionaires… Senators Obama and Biden and their various surrogates […]
Barack Obama told Joe the Plumber he planned to hit high income earners and small business with tax increases in order to “spread the wealth.” How will Senator Obama’s scheme “spread the wealth?” By creating or expanding eight government entitlement schemes, that he deceptively calls “tax cuts.” Americans will qualify for the free cash benefits […]
The Obama campaign keeps chanting that their candidate will cut taxes for 95% of us while John McCain proposes tax cuts only for the super wealthy. As is usually the case when politicians discuss federal taxes, there’s a gap between rhetoric and truth. To help our readers fully understand Obama’s deception we’re providing a brief […]
