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While Congress debates whether to increase taxes on the “rich” (yes, allowing the Bush tax cuts to expire is a tax increase), it it worth reflecting on the words of the late economist, Milton Friedman. Politicians will always spend every penny of tax raised and whatever else they can get away with. And, a study done…
Reams have been written about extending, or not, the Bush tax cuts. Many in Washington claim, now that the election is upon us, that something must be done to reduce the deficit, and, we are presumably led to believe that increasing taxes on the very wealthy is the answer.
He! I think I could have told them this. Think I have. But coming from the state’s largest private employer it does have impact.
You knew this would happen. The unions deserve payback for support of Democrats and President Obama, so when the plan to tax “Cadillac” health care plans would obviously included those negotiated by collective bargaining teams, something had to be done. It’s change you can believe in!
It’s bad enough the situation in California requires the state to dish out IOUs to residents and small business owner who are owed refunds or contract payments, but now the state will not allow IOUs to be used as payment for amounts owed to the state itself.
Here we go … notice the new mantra of the Democrats … “Fairness“. Wealthy executives, small businesses, middle-class homeowners and college students buying textbooks would all pay higher taxes under a budget proposal by the legislature’s Democratic majority that would increase taxes by more than $3 billion over the next two years. The state’s richest…
Newt Gingrich nailed it Friday when he showed how the Obama budget will eventually lay a hefty tax increase in rising energy costs on all Americans. httpv://www.youtube.com/watch?v=7d5DEWDPH9I Yesterday on Face The Nation Bob Schieffer puts the question to Rohm Emmanuel who does a nice job of evading the question, instead talking about the $7.69 a…