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The Latest News about tax cuts

Everyone Should Get a Tax Break

There’s been much talk lately about tax breaks for Americans but not allowing the “rich” to get any, and there’s been much talk about giving tax breaks to “small businesses”, which I’m in favor of. Forgotten in all of this is that every person and every family in the United States, regardless of how much they earn and how wealthy ...

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If tax cuts are to raise revenues, broader culture of economic freedom is required

Among the favorite maxims of fiscal conservatives is the idea that tax cuts, not hikes, increase revenues. Inarguably, slashing personal income tax rates buoyed the size of the federal government’s coffers following the Mellon income tax cuts of the 1920s, the 1964 Revenue Act signed by President Kennedy and President Reagan’s reform measures in 1981 and 1986. The rationale behind ...

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Romney Is Not Reagan, But Is The Best Option

While it was definitely one of the elements, Ronald Reagan did more to help defeat the Soviet Union than conduct financial warfare via economic pressures.  U.S. defense spending increased during his administration.  Having faced the brunt of Adolf Hitler’s blitzkrieg, which was built post WWI in violation of the Treaty of Versailles, the Soviet Union’s Politburo watched this spending increase ...

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David Plouffe: Truth Assassin

Congratulations to Mackenzie Weinger and Reid J. Epstien for accurately reporting the news about White House senior adviser David Plouffe’s trip through television’s Sunday morning talk show circuit. It is truly a pity that Plouffe and those in the White House who oversee his talking points script cannot demonstrate the same accuracy. Plouffe stated that Republicans want “huge tax cuts ...

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Alex Wagner and Co. Wrong About Bush Record

The panel on NOW with Alex Wagner reverted back to the same bash Bush tactics the Obama administration, and that of the Democratic Party, have used to provide a buffer between the president and the criticism throughout this anemic recovery.  It’s been three years and Obama’s big government policies have only exacerbated our economic woes.  He has added trillions more ...

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The 2013 Tax Increase obama Pledged Would Never Happen

If the White House and Congress don’t act this year, a huge, unprecedented tax increase described by Ben Bernanke as a “massive fiscal cliff” will slam American taxpayers. This looming tax hike will result mostly from letting long-standing tax policies expire at the end of 2012. Instead of waiting until after November’s election, obama should stop campaigning for a moment ...

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Progressive Tax Cut Extension Deal Reached?

The extension of the payroll tax cut through the end of 2012, will indeed contain another extension of the “emergency unemployment benefits, and the so-called medicare “doc fix payments,” according to a very sketchy article over at The Hill.com. This supposed “deal” contradicts Speaker Boehner’s earlier claims that House Republicans would put forward a clean tax cut extension bill  that did not contain the Greek-style social welfare ...

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Payroll Tax Debate: The Truth Comes Out in the U.S. Senate

On Thursday, Dec.1st the battle to extend the payroll tax holiday and unemployment insurance benefits reached new heights in the Senate, as not only did Republicans battle Democrats, but both parties saw raging fights within their own ranks over how to pay for the extensions, along with whether the tax holiday should even be extended at all. In the end, ...

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