Talking of “Bush tax cuts” at this point, as so many seem to do when discussing the change in tax policy set to go into force this coming New Years Day, is beyond absurd. What’s coming on Jan. 1, 2011 is the Obama Tax Increase — no less than the largest tax increase in our history, courtesy of a president who, last Tax Day, declared | Read More »
The “Affordable Health Choices Act of 2009″ imposes a “surtax,” or income tax increase, on all Americans making $280,000 a year or more. Under the bill, those making $280,000 ($350,000 for couples) will have their taxes increased by 1 percentage point, those making $400,000 ($500,000 for couples) by 1.5 percentage points, and those making more than $800,000 ($1 million for couples) by 5.4 percentage points. | Read More »
Faced with a shortage of funds this year and unwilling to cut the bloated state budget, Kansas Governor Kathleen Sebelius is planning to welsh on the state’s debt to taxpayers who overpaid in 2008 and to put a hold on paychecks owed to state employees until the Republican-controlled state legislature allows her to break state law by borrowing hundreds of millions of dollars from already | Read More »
In a just world, this experience — having to withdraw his name from consideration for the White House position of de facto national health care czar due to a tax-related skeleton being disinterred from his closet — would serve as an impetus for Tom Daschle to transition the focus of his lobbying and consulting efforts from health care and legislator-sweet-talking to to helping build awareness | Read More »
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