From Reuters: Democrats want tax hikes to be the first item negotiated in “super committee” deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters. The tough stance by Democratic members of the powerful 12-member congressional panel reflects the party’s wariness that Republicans might [...]
Poll: Connecticut Voters Not Happy with Governor, Taxes
A new Quinnipiac University Poll released this morning shows Connecticut voters aren’t happy with Gov. Dan Malloy or his proposed $1.5 billion in tax increases: Connecticut’s new governor, Dannel Malloy, gets no honeymoon as voters disapprove 40 – 35 percent of the job he is doing, with 25 percent undecided, according to a Quinnipiac University [...]
It’s the Spending, Stupid
If a picture really is worth a thousand words… Then this chart from the Heritage Foundation says it all: Bottom line; we’re not under taxed… The government spends to much! H/T: James Pethokoukis.
Nancy Pelosi: Value-Added Tax is “On the Table”
I’ve mentioned before that the Democrats were laying the groundwork for a European style Value Added Tax or VAT… I wish I could tell you I was wrong but House Speaker Nancy Pelosi confirmed that a VAT tax is “on the table” during an appearance on the Charlie Rose show Monday night: A new value-added [...]
The Tax Man Cometh: Senate Health Reform Bill Includes Many Tax Hikes
The folks at Americans for Tax Reform have examined the Senate Finance Committee health care reform bill announced today and come up with a list of all the tax hikes in the bill: Individual Mandate Tax. If you don’t sign up for health insurance, you will have to pay a tax in the following range: [...]
WSJ: Connecticut Follows Trenton and Albany up the Tax Charts
The Wall Street Journal takes Connecticut Gov. Jodi Rell to task for her proposal to raise income taxes on individuals with incomes above $500,000 from 5% to 6.5% this morning… The editorial titled “Jodi Corzine” pulls no punches: Connecticut grabs $7,007 in state and local taxes per man, woman and child resident, according to the [...]
WSJ: Obama Advisers Set Groundwork to Raise Taxes on Middle Class
You don’t have to be an economist to realize the Obama Administration’s budget numbers don’t add up and that he’s going to have raise taxes on more than just those earning more than $250,000.00 to pay for his agenda. With that in mind it’s not surprising that White House economist Larry Summers and Treasury Secretary [...]
Steny Hoyer: Idiot
From CNSNews.com (emphasis mine): House Majority Leader Steny Hoyer (D-Md.) said that job growth and economic recovery would not be harmed by a Democratic plan to increase income taxes by $540 billion to pay for their health-care reform proposal because the tax hikes would not affect small businesses. Hoyer also said he could not think of any small business [...]
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