Lefty David Leonhardt has a piece in the New York Times that, surprisingly supports the idea that tax cuts can be used to restart the economy. While he gets some of it right, like where these tax cuts can be directed, he deliberately understates the effects of both the Reagan and Bush tax cuts, and distorts the history of both. Plus, he acts as a | Read More »
Sometimes, ya just gotta do it, even if it makes you feel dirty. Reading Paul Krugman that is. Take today’s column; according to Krugman, the money we Americans earn for our work, whether it’s in our own businesses or from an employer, is actually the federal government’s money. How else can one explain this sentence: But these same politicians are eager to cut checks averaging | Read More »
Kansas Republicans stood firm against Democratic Gov. Kathleen Sebelius’ attempt to tax refunds and paychecks for government workers hostage in that state’s recent budget crisis: Sebelius’ budget director had asked the Kansas Finance Council — made up of Sebelius and eight top lawmakers — to approve the transfers Monday to get the state through a cash-flow problem. The state had already borrowed $550 million from | Read More »
Per NBC, Eric Holder has been confirmed as the new Attorney General. The vote was 75-21. The roll isn’t available yet. I guess John Edwards was right, there are two Americas; one America for tax evading rich Democrats to attain high office, and the one for the rest of us who have to pay for it. UPDATE: Link to the roll call vote updated above. | Read More »
Reading leftists can be highly educational. For example, Greg Sargent has information from House Democratic staffers that says the House Republican plan actually raises taxes on quite a few Americans. Of course, to Democrats, a welfare check is something they call a tax cut, while Democrats call a real tax rate cut a tax rate increase; this is kind of like when Democrats say a lower | Read More »
“Obama Plan Has Already Boosted IRS Tax Collections“: “The president’s plan is simple but ingenious,” said White House spokesman Robert Gibbs, “He targets wealthy individuals who filed inaccurate tax forms, cheating the government out of tens of thousands of dollars. Then he just nominates them for cabinet positions. They suddenly see the error of their ways, and they cut checks for the full amount owed, | Read More »
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