Possibly the best outcome of the budget and debt debate may be a simplification of the tax code. This creates a benefit few have thoroughly considered. The amount of time and expense that is squandered by business in order to
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The Wall Street Journal Review and Outlook writes Millionaires Go Missing (full access may require paid subscription). The critical point is that there are fewer wealthy now than before the recession. This should not be surprising, but to many it
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Over two years ago I posted Tax the Poor featuring Ari Fleischer’s article in the Wall Street Journal Everyone Should Pay Income Taxes. This same idea is addressed in the blog Powerline (now added to my recommended list) in Is
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Here is my two cents on the debt ceiling negotiations: It is a spending problem and it is a growth problem. Past solutions have delivered on tax increases but failed to deliver on spending cuts. It is clear that increasing
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Investors’ Business Daily has justly pointed out that Obama’s threat to Social Security in the current budget / debt ceiling talk is more than just another arrow in his class warfare quiver; it is a frank admission of what a
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I confess that I do not fully understand the possible impacts of this giant game of financial chicken that is being played with the debt ceiling, but the insistence on raising taxes further is infuriating and ideologically blind. We should
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With corporate jets becoming the intentional focus on the class warfare debate, and being used as an example of a glaring need to raise taxes, it may be clarifying to examine exactly what they are talking about. Commercial air carriers
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Supply side economics remains controversial and poorly understood both by its critics who think it is just ‘trickle down’ economics: a thinly veiled rationalization to improve the lives of the wealthy at the expense of the poor, and by many
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Tom Coburn of Oklahoma, Mike Crapo of Idaho, and Saxby Chambliss of Georgia are proposing an automatic tax increase with spending cuts if deficit reductions do not materialize. This is government without either brains or balls. Unable to reach any
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George Will writes in The Washington Post– April 29, 2011 Working Up a Tax Storm excerpts Storm, 42, is founder and chief executive of FatWallet.com. The company, until recently one of about 9,000 Illinois “affiliates” of Amazon.com, directs online shoppers
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Victor Davis Hanson writes in the National Review 4/21/11 Make the Rich Pay Or how about the Cabinet? Excerpts: the now-demonized top 5 percent account for almost 60 percent of all federal income-tax revenue — a higher percentage than anywhere else
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If you lived in a bad neighborhood and was frequently robbed, you would either defend yourself or leave. Most people are more inclined to take the less confrontational route than emulate Paul Kersey, the vigilante played by Charles Bronson in
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Interest rates and inflation are at a record low, yet stimulus spending has flooded the markets with currency. The valve that turns money creation into inflation is velocity. The velocity is very low because businesses are reluctant to invest and
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Our economy is in dangerous territory. Obama inherited a mess; a bubble that was a culmination and a combination of reckless leverage, poor regulation, misguided fiscal policy, major shifts in the global economy, and mistaken monetary policy. A lot of
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At a time when we require a cosmic struggle just to NOT raise taxes, our neighbor to the north is cutting taxes on corporations to a rate almost half of ours. In the Wall Street Journal’s Canada Slashes Business Levies
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Much of the talk about the fairness of the tax code and the extension of the Bush tax cuts is just thinly veiled class warfare. By focusing on billionaires and millionaires we lose sight of the far more mundane reality.
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There is a video of Alan Grayson showing how the wealthy can spend the tax cut that they will get from extending the Bush tax cuts. If such monumental ignorance and bias had come from some second rate academic at
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from guest blogger- Gary Meyers There is so much wrong about Liberals, but the thing they mostly get wrong is their misunderstanding of the relationship between tax revenues and tax rates. Throughout history, nearly every income tax rate cut resulted
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When Alexis de Tocqueville wrote of America in the early 19th century in his classicDemocracy in America, he was comparing America’s democracy to the declining norm in Europe: aristocracy. The European aristocracy, a landed aristocracy, ruled with inheritance and privilege.
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tips to Bruce Tuchman “Israel (its medical technology) has saved more Muslim and Arab lives than all the Arab and Muslim nations combined.” a hell of a speech
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