With farm incomes on the rise in recent years, what is Big Ag supposed to do? How can they justify more subsidies? Well, for one thing, they can spend more time demanding an endless flow of cheap labor to which they can pay below market wages. But that would require the passage of an amnesty bill, something that many House members are not excited to | Read More »
Then-House Speaker Nancy Pelosi encouraged us to pass ObamaCare to find out what was in it. Here’s the latest grisly surprise, courtesy of the Associated Press: Millions of people who take advantage of government subsidies to help buy health insurance next year could get stung by surprise tax bills if they don’t accurately project their income. President Barack Obama’s new health care law will offer | Read More »
Only in Washington could they concoct a scheme in which we are forced to increase spending on market-distorting subsidy programs lest we suffer the pain of further market distortions through government price controls. Yet, that is the case with the so-called dairy cliff that would have been crossed had Congress not passed an extension of the current farm bill. Last year, conservatives successfully blocked the | Read More »
Listening to the self-righteous protestations of the class warriors, one would come away with the impression that the rich don’t pay any taxes. In fact, the top 1% of tax filers paid 37.4% of all federal income taxes in 2010; the top 2% paid almost 50%. Unfortunately, when it comes to real handouts for the rich, liberals are silent. In their dyslexic worldview, a tax | Read More »
For those of us who are not schooled in the ways of Washington, here is a glimpse into the duplicity of the “budget savings” as part of the fiscal cliff negotiations. House Agriculture Chairman Frank D. Lucas has raised hopes that Congress might still be able to produce a multi-year farm bill soon, possibly as part of a package to block impending tax increases and | Read More »
Obama thinks the American people are stupid. Throughout the debate, Obama regurgitated his talking points about a balanced solution to the debt crisis. In the process he insulted the intelligence of every voter by intimating that the budget can be balanced by eliminating a few tax credits. No, he didn’t commit to tackling the tens of trillions in unfunded liabilities to Medicare and Social Security. | Read More »
As we’ve seen from the Chick-Fil-A imbroglio, every private company should be entitled to promote whatever values it chooses, irrespective of the prudence of their decision. Companies are free to promote American conservative values, and liberals (private citizens, not government) are entitled to boycott them. Likewise, companies are free to promote unAmerican liberal values, and conservatives are free to boycott them. The same cannot be | Read More »
Last week, with the help of Senator Orrin Hatch, the Senate Finance Committee voted to extend dozens of special interest tax preferences for green energy – preferences that are nothing more than subsidies and market distorters. Included in the $205 billion package is the Production Tax Credit, which subsidizes up to 80% of wind energy production. Score one for Big Wind! Other special interest handouts | Read More »
Mitt Romney actually stood for bold colors yesterday. For conservatives, it should be the biggest story of the week. Conservatives are rightfully focused on the impending tax cliff that is facing American taxpayers at the end of the year. But we must not forget the subsidy cliff either. Dozens of special interest tax preferences, known as tax extenders, are slated to expire at the end | Read More »
After a year full of victories for big government legislation in Congress, the forces of statism seemed to have met their Waterloo with the farm/food stamp bill. The more people learned of the profligate food stamp spending and the market distorting, risk-inducing agriculture programs contained in the bill, the more they spoke out against this monstrosity. Speaker Boehner has refused to bring the bill to | Read More »
In recent weeks, we’ve been subjected to mellifluous pandering to our nation’s farmers by liberals in both parties. They admonish us about the need to provide farmers with a “safety net” and to protect them from catastrophic events. To that end, they are pushing a massive $1 trillion Ag subsidy, which happens to contain over $750 billion in food stamp spending. Aside for the fact | Read More »
Last week, the House Agriculture Committee marked up the preposterous $957 billion farm/food stamp bill (H.R. 6083). Despite the media reports about severe cuts to the food stamp program, this bill actually locks in the appalling levels of spending established in the Obama-era. In many respects, the committee votes from last week shed light on the problem we have with many red state statists within | Read More »
With the Wisconsin recall behind us and the Texas Senate race scheduled for the end of the month, we must remember that there is an important battle taking place in North Carolina next Tuesday. Conservative Scott Keadle – who has been endorsed by Red State, the Club for Growth, Citizens United, and the Madison Project – will be facing off against establishment-hack Richard Hudson in | Read More »
In what was supposed to be a snoozer election night, a little known conservative candidate, Jim Bridenstine, came out of nowhere to unseat 10-year veteran John Sullivan in conservative Oklahoma District 1. He did so by a 7-point margin, even though he was outspent 4-1 and nobody gave him any hope of succeeding. Even among many politicos who woke up to read about this astonishing sleeper | Read More »
Barack Obama and the Democrats have promised to make this election a turning point in the fight to make the rich “pay their fair share” of taxes. They are using biblical innuendo to suggest that it is immoral for the top 1% of earners (who happen to make 17% of nation AGI) to only pay 36.7% of the federal income taxes. This is their hill | Read More »
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