Archive for the 'Taxes' Category

The Taxman Cometh —- For Obama’s Enemies By Arnold Ahlert

On Friday, an Obama administration with an already appalling track record of scandals added an equally egregious revelation to the list. The Internal Revenue Service (IRS) apologized for what they characterized as an “inappropriate” targeting of tax-exempt conservative organizations, whose names included “Tea Party” or “Patriot,” during the 2012 election campaign. Adding to severity of [...]

Senate GOP Supports Remote Control Taxation By Michael R. Shannon

The next time you see any of the following Senate Republicans: Lamar Alexander (TN) Roy Blunt (MO) John Boozman (AR) Richard Burr (NC) Saxby Chambliss (GA) Dan Coats (IN) Thad Cochran (MS) Susan Collins (ME) Bob Corker (TN) Mike Enzi (WY) Deb Fischer (NE) Lindsey Graham (SC) Chuck Grassley (IA) John Hoeven (ND) Johnny Isakson [...]

From the Bear’s Corner: Obama: $1 trillion in Obamacare spending is historic ‘tax cut’

From the Washington Examiner: As part of a Mothers’ Day weekend defense of his signature legislative accomplishment, President Obama claimed that the law represented the “largest health care tax cut for working families and small businesses in our history. “ Far from being a historic tax cut, Obamacare actually qualifies as one of the largest [...]

House Must Kill Internet Tax, Not Just Slow It Down

Taxation: House Republicans say they will slow the Internet tax bill that comfortably passed the Senate on Monday. If they want to retain any anti-tax credibility, they better stop it, not just slow it. How very interesting that the chief lobbyist for a “tax-the-other-guy” special interest group speaking for so-called “brick-and-mortar” stores recently disparaged the [...]

The e-tax scam By the Bear

In case you haven’t noticed the Pigs in Washington are about to pass another tax next week and this one is on internet sales. About the only thing that they haven’ t passed a tax on is the air we breathe, but they are working on it via a carbon tax. I guarantee you that [...]

Anti-growth policies slowing economy again By Peter Morici

Anti-growth policies continue to frustrate the aspirations of working Americans. The economy is likely growing at less than two percent in the second quarter, making prospects for a better job market remote Higher payroll taxes and income taxes paid by the wealthy took away $165 billion in purchasing power. Consumers reacted, but with a lag, [...]

Your Money or Your Life by Llewellyn H. Rockwell Jr.

April 15th is a horrible day, because it sums up all the wealth destruction called taxation that we are subjected to all year long. As Murray Rothbard pointed out, taxation is the worst method of looting us. Inflation is destructive, of course, and it might make a loaf of bread cost $10. But at least [...]

The Penalties of Our Tax Code By Sita Nataraj Slavov

Our tax system’s unnecessary complexity creates unfairness and uncertainty. With a few reforms, it could be more growth-friendly, simple, and fair. With April 15 quickly approaching, Americans are spending large chunks of time wading through paperwork, poring over forms and instructions, and entering information into tax preparation software – or they’re paying to outsource the [...]

President Obama pledges not to raise taxes on anyone making less than $250,000 a year.

The White House today endorsed the Marketplace Fairness Act, which would be a tax hike for purchases made over the Internet. SideBear: You be the judge

When Saving Is a Problem Not a Virtue By Blake Hurst

The Obama administration’s proposed limits on ‘reasonable’ retirement savings would penalize success and patience in favor of the nebulous concept of fairness. President Obama’s fiscal 2014 budget has a section prohibiting individuals from accumulating over $3 million in tax-preferred retirement accounts. It states: “Individual Retirement Accounts and other tax-preferred savings vehicles are intended to help [...]