This morning I spoke with Ed Mangano, the Republican candidate for County Executive in Long Island’s Nassau County. Mangano has already put a tremendous scare into 8-year incumbent Democrat Tom Suozzi, who was expected to stroll to re-election. And while votes are still being counted, it looks like Mangano will pull off the win. Coming in one of America’s largest counties, a victory in such | Read More »
This comes as a surprise to no one of course, except for an Obama administration which seems to believe that taxes can stay at more or less current levels despite their extraordinary spending binge. Instead, history suggests that if Washington wants to run historically-high deficits, then much higher taxes inevitably follow: As Blodget says: We don’t know about you, but we’re not excited about the | Read More »
As the old saying goes, you can pick your poison. But now matter how you slice it, taking over health care and creating a government-run plan is going to be very expensive. Charlie Rangel and the Democrats might start by taxing Medicare for $344 billion in new taxes, then adding a new tax on soda for $112 billion, a new alcohol tax for $61 billion, | Read More »
I guess the Democrats are going to buy America some really great health care; they clearly don’t plan to be frugal with our money: Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said. Democrats will work on the bill’s details next week | Read More »
The Republican party has relatively few assets today: we trail in voter ID, we have lost ground in many states, and we have no ‘levers of power’ in Washington. The party has lost credibility on spending issues, and voters are unsure what we stand for. If you needed proof, just look at how many grassroots activists attending the Tea Parties say that they are as | Read More »
New York state – under the leadership of Governor David Paterson – is getting ready to dramatically raise taxes on those earning greater than $250K. And faced with the threat that people earning this kind of money might move themselves or their businesses to lower-tax jurisdictions, liberals seem completely unconcerned. Indeed – if you take Rush Limbaugh as symbolic of the rest of these high-earners, | Read More »
Is it just me, or has this been underreported? President Obama’s budget chief hinted Wednesday that the president’s signature campaign issue — a middle-class tax cut — will not likely survive a budget battle with Democrats on Capitol Hill. The president stresses that despite tough times, things will improve. On a conference call with reporters in advance of the president’s trip to the Hill to | Read More »
Roll Call with the story: According to several Congressional sources, the House Administration Committee has alerted Members that their office accounts will increase by an average of $90,000 this year, an overall increase of about $40 million and significantly more that the increases of recent years.
NBC news and the Wall Street Journal have completed a detailed poll of the American public, examining popular views on the risky spending scheme being considered in Congress. The headlines about the poll say things like ‘Public Backs Obama Stimulus Plan,’ and ‘Americans Strongly Back Obama and His Stimulus Plan,’ and they’re largely right. As the Journal summarizes: Overall, the poll found strong public backing | Read More »
Nancy Pelosi is advising Barack Obama that he ought to immediately make good on his campaign promise to raise taxes on the wealthy: Pelosi told reporters today that she “couldn’t be more clear” in opposing some Obama advisers’ wish to wait for the tax cuts on the highest income earners to expire in two years, as they are set to do under current law. “Put | Read More »
During the presidential campaign, Barack Obama promised to go through the federal budget ‘line by line’ to root out waste. Today he announced the hiring of an experienced federal management expert to help him do that: As the first Chief Performance Officer, working with Peter Orszag and Rob Nabors at the Office of Management and Budget, Nancy Killefer is uniquely qualified to lead that effort… | Read More »
Barack in Florida today: Why then is Obama proposing tax increases that would hurt businesses and families?
Paul Krugman defends Barack Obama, and winds up asserting that his plan would raise taxes on families earning as little as $182,400 annually: What about the claim, based on Joe the Plumber’s complaint, that ordinary working Americans would face higher taxes under Mr. Obama? Well, Mr. Obama proposes raising rates on only the top two income tax brackets — and the second-highest bracket for a | Read More »
Last October, Barack Obama explained why he did not wear an American flag pin on his lapel: “The truth is that right after 9-11 I had a pin,” Obama said. “Shortly after 9-11, particularly because as we’re talking about the Iraq war, that became a substitute for I think true patriotism, which is speaking out on issues that are of importance to our national security. | Read More »
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