Posts Tagged ‘Taxes’

John Kerry and the IRS

June 7, 2009

Is John Kerry just a sore loser, or is this a stealth application for a slot with obama?

“The Internal Revenue Service has filed a tax lien seeking more than $800,000 from Sen. John Kerry’s 2004 presidential campaign, escalating a dispute over payroll taxes that the lawmaker’s office blames on faulty government paperwork,” reports The Washington Times. The campaign claims to have submitted the appropriate paperwork in 2005 and again in 2008. Spokeswoman Whitney Smith said, “The IRS contacted us last year about data they lost from the 2004 campaign. We gladly resubmitted all the forms needed to fill in the gaps, end of story.” Not exactly. The IRS lien says, “We have made a demand for payment of this liability, but it remains unpaid.” The campaign denies owing anything. One thing is obvious to us: The real end game here for John Kerry is a job in the Obama administration.

SOURCE

More on taxation…

May 24, 2009

So the Tea Party’s were just a bunch of fringe lunatics? At least that seems to be what the politicians and MSM thought. It’s too bad that they couldn’t come up with a better descriptive than having to borrow a term from the porn industry to call the supporters of the latest tax rebellion. This week, arguably the most liberal state in America told the big government types to go away with their ever expanding and oppressive form of government. The election results told the tale; the people are “Taxed Enough Already!” And that friends, is not “tea bagging.”

The Golden State is seeing red — lots of it. After voters Tuesday nixed state legislators’ hopes of supplementing federal stimulus money with another taxpayer-funded “bailout,” California’s budget deficit ballooned from $15 billion to $21 billion. Voters rejected five of six ballot measures that would have, among other things, extended tax increases, let the state borrow against future revenue, and redirected education and mental-health money into the state’s general fund. The vote against each of the five defeated measures exceeded 60 percent. The only initiative that passed bans pay raises for elected officials in a year with a budget deficit — it passed with 74 percent of the vote.

The problem isn’t lack of revenue — far from it. As columnist George Will notes, if “state spending increases [since 1990] had been held to the inflation rate plus population growth, the state would have a $15 billion surplus.” Instead, in the past six years, inflation-adjusted per capita government spending has skyrocketed almost 20 percent — under the “Republican” governor who replaced a Democrat in a recall election with his promise to pull California back from financial ruin.

Failing to mention the causes of California’s financial disaster, The New York Times headlined its story with “Calif. Voters Reject Measures to Keep State Solvent,” and ABC was no better, bemoaning the state’s “unwillingness to raise taxes.” Perhaps the most troubling quote, however, comes from columnist Jack Kelly, disturbing not for its distortion but for its truth: “Pay attention to what happens in California. It’s a harbinger of things to come everywhere.”

Then we have this to show as further repudiation of socialism’s promise…

Speaking of higher taxes, Americans are saying good-bye to higher taxes — literally. According to a study recently conducted for the American Legislative Exchange Council (ALEC), from 1998 to 2007, more than 1,100 people per day — many of them high-income earners — moved from the nine highest-income-tax states primarily to the nine no-income-tax states. For example, after New Jersey implemented its “half-millionaire” tax hike in 2005, the state lost 4,000 half-millionaires. And as billionaire Tom Golisano recently wrote in The New York Post, his move from the Empire State to the Sunshine State will save him more than $5 million annually in state taxes.

High taxes are not only the antagonist to population retention but are also the toxin that kills economic growth. When the University of Colorado’s Barry W. Poulson examined reasons for states’ prosperity or lack thereof from 1964 to 2004, he found “a significant negative impact of higher marginal tax rates on state economic growth.” The ALEC study confirmed this, finding that from 1998 to 2007, states with no income tax created 89 percent more jobs and boasted 32 percent faster personal income growth than high-tax states.

Still, liberals cry for tax hikes on the rich to alleviate state budget deficits. It turns out that by talking with their feet, the “rich” are saying, “No thanks.”

SOURCE

Bag ’em and Tag ’em, Cap ’em and tax ’em

May 24, 2009

This is trophy hunting at it’s best! (sarcasm)

Democrats Hot for Global Warming Legislation

House Energy and Commerce Committee Chairman Henry Waxman (D-CA) won a victory on his 1,000-page cap and trade (read: cap and tax) bill Thursday when it passed his committee on a party line 33-25 vote. The bill ostensibly tackles global warming by creating a system in which industrial producers of greenhouse gas emissions would be required to meet a government-imposed cap on their emissions, but would allow them to purchase credits that cover emissions exceeding the cap.

Initially, Obama wanted the credits to be auctioned off, with the estimated $629 billion in proceeds to go to other government-subsidized programs, of which he has no shortage. Congress thought otherwise, though, and instead will allow the EPA to dole out 85 percent of the credits for free to various energy producers and states. The remaining 15 percent would be auctioned off, with the proceeds going to low- and middle-income families hardest hit by the inevitable rise in electricity costs that will come after the program is in place.

This brings us to why Waxman is in such a hurry to get this bill through the House. The Congressional Budget Office estimates that 80 percent of Americans can expect a rise in their energy bills and a reduction in real income because of the cap and trade bill. What amounts to a national energy tax also will cost jobs, as the bill itself admits. Part 2, section 426, states: “An eligible worker, specifically workers who lose their jobs as a result of this measure, may receive a climate change adjustment allowance under this subsection for a period of not longer than 156 weeks.” That’s three years for those educated in public schools.

Unfortunately, consumers know very little about the cap and trade legislation (and as seen in this video, neither does Waxman. According to a recent Rasmussen poll, only 24 percent of voters know what cap and trade is; 29 percent thought it was related to Wall Street and 17 percent thought it was related to health care reform. Fully 30 percent didn’t have a clue what the term even meant. And that fits perfectly into the Democrats’ plan.

SOURCE

On the Tea Parties

April 23, 2009

The “Tea Parties” were viewed, if at all, by the MSM as some sort of anachronism if not with out and out antagonism. Branding the participant’s as “tea baggers,” the term used in a deviant manner. I suppose that is to be expected from a profession that has sank into the depths that, for the most part reflects an utter lack of moral fortitude. But, then again it was these same people that brought to you the term “Saturday Night Special.”

Too wit the blond with a brain adds this commentary:

“The point of the tea parties is to note the fact that the Democrats’ modus operandi is to lead voters to believe they are no more likely to raise taxes than Republicans, get elected and immediately raise taxes. Apparently, the people who actually pay taxes consider this a bad idea. Obama’s biggest shortcoming is that he believes the things believed by all Democrats, which have had devastating consequences every time they are put into effect. Among these is the Democrats’ admiration for raising taxes on the productive. All Democrats for the last 30 years have tried to stimulate the economy by giving ‘tax cuts’ to people who don’t pay taxes. Evidently, offering to expand welfare payments isn’t a big vote-getter. Even Bush had a ‘stimulus’ bill that sent government checks to lots of people last year. Guess what happened? It didn’t stimulate the economy. Obama’s stimulus bill is the mother of all pork bills for friends of O and of Congressional Democrats. … And all that government spending on the Democrats’ constituents will be paid for by raising taxes on the productive. Raise taxes and the productive will work less, adopt tax shelters, barter instead of sell, turn to an underground economy — and the government will get less money. … The lie at the heart of liberals’ mantra on taxes — ‘tax increases only for the rich’ — is the ineluctable fact that unless taxes are raised across the board, the government won’t get its money to fund layers and layers of useless government bureaucrats, none of whom can possibly be laid off.” –columnist Ann Coulter

Tea Party’s frivolouness?

April 18, 2009

From what I have seen, at least so far. The mainstream media has branded the “Tea Party’s” as being orchestrated by Washington insiders or right wing extremist hate groups, if they mentioned them at all that is.

When the reality is that they were grass roots initiated and led by people that actually do care about this nation, and the Constitution that it is based upon.

What follows is one mans response to the various accusations. Well done sir!

In response to “Tax protests were fake outrage being aimed at invisible issues” (op-ed, April 16): The April 15 Tea Parties, in which I proudly participated, were not led by Hannity, Limbaugh, Beck or any other talk radio/Fox News personalities. These were grass-roots efforts, started locally by people who are fed up with the federal government overstepping its constitutional powers, spending our tax dollars and mortgaging our children’s/grandchildren’s futures bailing out private industries that should be allowed to fail like any other business that does not provide goods or services that people want or need. Fox News simply chose to cover them, while the other networks either ignored or ridiculed them.

I am not opposed to taxes; the government needs money to perform its essential functions. However, propping up failing industries is not an essential function of government. I challenge anyone to cite the article and section of the U.S. Constitution that empowers the federal government to do this. And don’t try the old “general welfare” statement in Article I Section 8, either. As James Madison, primary author and widely regarded “father” of the Constitution stated: “If Congress can do whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one, subject to particular exceptions.”

As for Kelly Miller’s statement about wasting our money on military operations and hardware, the Constitution does specifically authorize these expenditures in Article I, Section 8. I agree that Bush and Cheney did waste our money and trample on the Constitution. They are not “my heroes.” I left the Republican Party long ago when it became the party of big government after Republicans took control, first of Congress and then the White House. In fact, I resent the Republicans of today who are complaining about big government and preaching fiscal conservatism now that they are on the outside looking in.

Full story here

More on taxes

April 15, 2009

From today’s Patriot Post. (See sidebar) Some commentary on taxation as it is today, and a few ideas having to do with the subject.

“I say let’s have Election Day on tax day. Let’s get what we’re paying for. Sign the check — for the full amount — and write in your preferred candidates on the back of the same check. Abracadabra … smaller government, here we come.” –columnist Jonah Goldberg

“Rampant redistribution of wealth by government is now the norm. So is this: It inflames government’s natural rapaciousness and subverts the rule of law.” –columnist George Will

“Inflation also means that all the talk about how higher taxes will be confined to ‘the rich’ is nonsense. Inflation is a hidden tax that takes away the value of money held by everyone at every income level.” –economist Thomas Sowell

“[W]e need to return to a taxation system similar to the one established by our Founding Fathers. They did not penalize productivity through taxes the way we do today. They had no Internal Revenue Service. They believed in minimal taxation.” –columnist Chuck Norris

“Today American taxpayers in more than 300 locations in all 50 states will hold rallies — dubbed ‘tea parties’ — to protest higher taxes and out-of-control government spending. There is no political party behind these rallies, no grand right-wing conspiracy, not even a 501(c) group like MoveOn.org. So who’s behind the Tax Day tea parties? Ordinary folks who are using the power of the Internet to organize.” –author Glenn Harlan Reynolds

“[I]s there any limit to this administration’s intentions to interfere and perhaps control large swaths of our economy? … That’s the real message of the homegrown Tea Party revolt against bailout nation and the higher taxes, deficits, and debt being used to finance it. Folks are trying to tell Washington on Tax Day, April 15, that enough is enough. They can’t take it anymore.” –economist Larry Kudlow

“The cry at these tea parties should be ‘not a penny more’ until governments get their houses in order, just as we must do. Most people have been forced to reduce spending during the recession, but not the federal government, and likely not the government in your home state.” –columnist Cal Thomas

“President Obama’s own budget numbers show that Social Security this year will take in $654 billion in payroll taxes and dole out $662 billion in benefits and expenses — a negative cash flow of $8 billion. Uh oh.” –columnist Stephen Moore

“Today is tax day, and across America, taxpayers are holding tea parties to protest out-of-control government spending. Their concern is no tempest in a teapot. The tax burden on American families is growing increasingly heavy. According to the Tax Foundation, tax-freedom day came on April 13 this year. That day marks the point of the year when taxpayers have earned enough money to pay off their federal, state and local taxes. It takes Americans about 3 1/2 months of labor to cover their tax obligation. That time will increase as government continues to grow. President Obama’s current budget proposal admits to plans to raise taxes by almost $1 trillion over the next 10 years. Americans for Tax Reform (ATR) estimates that hundreds of thousands will turn out to protest this tax servitude. … Today’s tea parties are carrying on a noble American tradition of protesting unfair taxation. Mike Allen, co-author of ‘A Patriot’s History of the United States,’ explained to us: ‘America was born out of hatred of a strong centralized government. The Boston Tea Party (and a half dozen other concurrent tea parties from New York City to Charleston) protested government subsidies to create monopoly status for a corporation, the East India Company. From that point onward, tax protests have peppered American history.’ The first tea party to protest taxes occurred on Dec. 16, 1773, when patriots called the Sons of Liberty dressed as Mohawk Indians, boarded ships in Boston Harbor and threw 342 chests of tea overboard. Other colonials followed the lead of Sam Adams and his fellow Bostonians by tossing tea into the sea. Today’s tea-party movement is building steam because taxpayers are steamed. As ATR’s anti-tax crusader Grover Norquist explained … ‘These are real people with real lives taking the time and effort to do this in reaction not to a tax increase yesterday, but in reaction to too much spending that will lead to tax increases and inflation years from now.’ These modern Mohawks are angry because they fear the future is being poured down the drain. This kind of activism is our cup of tea.” —The Washington Times

Kitchen sink politics; It’s not just about a tea bag

April 15, 2009

“Tea Party’s” will be held across the nation today, and the issue is not just about taxes either. My good friend and fellow blogger Texas Fred really hits the nail on it’s head, and no, he didn’t even touch on Second Amendment issues. Be sure to watch the video of Texas Governor Perry. It is very inspiring, to say the least. At least to all of us that still believe in the Constitution and Bill of Rights.

Supporting the things that at one time made this a great nation involves more than boiling some water, placing it in a sink, and tossing in a few bags of Earl Grey or Lemon Lift. One needs to stand up for our core beliefs in the strongest way that the person can. If you can make it to a march today then be there!

10 Fast Facts on the Administration’s FY 2010 Budget

March 17, 2009

I thought my budgeting skills were poor?

10 Fast Facts on the Administration’s FY 2010 Budget

From House Republican Leader John Boehner:

Washington, Feb 26 – As the Obama Administration released its FY 2010 budget today, House Republican Leader John Boehner (R-OH) warned taxpayers that “the era of big government is back, and Democrats want you to pay for it.” In 2009, federal spending will approach $4 trillion, or 28 percent of gross domestic product (GDP) – a one-third increase in the size of government in a single year. The budget released by the White House today is loaded with job-killing tax hikes and a slate of even more government spending. Overall, the blueprint projects a record $1.75 trillion deficit this year while doubling the national debt over the next ten years. Following are just 10 fast facts about the Administration’s budget, which our children and grandchildren will be paying for far into the future:

1. The Administration’s projected budget deficit of $1.75 trillion is higher than the last five years of deficits combined, and under this plan, we will see three consecutive trillion dollar deficits between now and FY 2012.

2. While it was purported to cut the budget deficit in half – from $1.75 trillion in 2009 to $533 billion by 2013 – this budget projects higher deficits in 2014 ($570 billion), 2015 ($583 billion), and 2016 ($637 billion). In 2019, the final year in the budget, the deficit is projected to be $712 billion.

3. Including the recently-enacted trillion-dollar “stimulus” spending bill, discretionary spending will soar by 24 percent this year under this budget.

4. The budget projects that the national debt will increase from $8.4 trillion in 2009 to $15.4 trillion in 2019.

5. The Administration’s budget contains $1.4 trillion in tax increases – tax hikes that will impact everyone, from small businesses, charities, and seniors to everyone who owns a 401(k) and anyone who flips on a light switch.

6. After promising that he will reduce taxes on 95 percent of Americans, the Administration’s budget establishes a $646 billion energy tax hike that will impact anyone who uses electricity, drives a car, or relies on energy in any way.

7. This budget forecasts more than $1.5 trillion in new health care spending, including a 10-year, $634 billion health care “reserve fund.” The budget also calls for seven percent annual growth in Medicare and more than six percent annual growth in Medicaid over the next 10 years.

8. The budget includes a $750 billion placeholder for a second round of spending under the Troubled Assets Relief Program (TARP), even though the first round of TARP spending is not yet finished, nor is there a clear explanation of how funds under the initial round was spent.

9. The Administration’s budget claims that reducing the number of troops in Iraq over the next 10 years will cut the deficit by $1.6 trillion; however, that is only because the budget allocates the same amount of funds for the Iraq war each year over the next decade, even though most combat troops may be withdrawn during the next 19 months. The savings are, at best, deceptive.

10. The budget provides a scant 2.9 percent pay raise for military personnel as required by law, less than a week after Democrats in Congress provided the necessary funding to implement District of Columbia locality pay for overseas Foreign Service officers, which would constitute an 18 percent pay increase.

Tax Day Tea Party!

March 17, 2009

Wednesday, 15 April 2009

West Steps of the Capitol

Noon – 1:30PM

Join your fellow patriots to protest Barack Hussein Obama’s maniacal trillion-dollar tax increase
(and that’s just the first round)!

Dissent is patriotic!

Only mass protests by true American patriots can stop the Obama regime from destroying the country our Founding Fathers fought to create. Dear Leader and his regime want to turn America into their long-dreamed-of socialist utopian state — and that costs lots of money that the Obamessiah intends to collect by raising your taxes in ways you never imagined.

Gunny Bob wants you to join him for this nationwide event taking place in hundreds of cities where the people are fed up! They are fed up with insane taxes! Fed up with socialism! Fed up with a massive, all-powerful government! Fed up with Obama and his twisted ilk!

For more information go to:

www.taxdayteaparty.com

Failure to report for duty at the appointed place and time could result in you being subjugated!

SOURCE

Just say no to higher taxes!

March 8, 2009

Just say no to higher oppressive taxation! And tip a cool Guinness with with a sip of  Knappogue while doing so!

As someone who enjoys great brands such as Smirnoff, Crown Royal, Captain Morgan, Johnnie Walker, Ketel One, Jose Cuervo, Tanqueray, Guinness, Beaulieu Vineyard or Sterling Vineyards wines, you are a member of the Diageo family. As a member of our family, you need to be aware that in the coming months, lawmakers will be proposing tax increases that will put jobs in your community at risk and raise the cost of your favorite drink.

There’s a real price to pay when elected officials misguidedly try to replenish state budgets with regressive taxes that will hit us at a time when we are already being hit hard enough economically. These taxes will cause people like bartenders, waiters, waitresses and other folks who work hard every day in our community restaurants and hotels to lose their jobs. In fact, the last time they raised taxes on alcohol, $1.3 billion in wages were lost, while 98,000 people found themselves out of work.

Hardly sounds fair, does it?

It’s time to SAY NO to higher taxes that will put jobs at risk and raise prices on the people who can afford it the least. CLICK HERE to join the fight against irresponsible and regressive taxes.

Together, we can protect our jobs, our livelihoods, and the right to responsibly enjoy a drink.

Cheers!

Guy L. Smith
Executive Vice President
Diageo North America