Presto, change-o! At the beginning of the year, we were sternly lectured that huge tax increases were absolutely necessary to confront our looming debt crisis. America was driven to the edge of the “fiscal cliff,” ostensibly producing business panic that explained a fair measure of Barack Obama’s permanent economic malaise, by the President’s refusal to budge an inch from his demands for those deficit-fighting tax | Read More »
Is Jonathan Chait not feeling well? Not so much for writing the below, but for writing the below (as AoSHQ Headlines notes) so baldly. The topic was the Left’s domination of television/movies; Chait copped pretty much to admitting that the Right’s basic argument is correct, that it also has merit (something that you can’t actually expect the Left to just concede), and ends with: This | Read More »
As the American Action Forum (AAF) notes, pretty much. Quick background: it more or less got overlooked, but former President Clinton argued yesterday (June 5th) that it would be advisable for the ‘Bush tax cuts’ (which is Dizzy-City speak for ‘current tax baseline’) to be ‘temporarily’ (read: ‘permanently’) instituted, even if it would benefit the ‘wealthiest Americans’ (translation: it’s probably not a good idea to | Read More »
Left wing journolister, Ezra Klein, posted an article yesterday wherein he argues that the economy will continue to suck, we should all prepare for tax hikes, and Pawlenty is lying. He comes to his authoritative conclusion by consulting an economic megamind consisting of people made famous for being wrong, and/or being tied to Think Progress, but I repeat myself. Ezra begins his article by having | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the latest on inflation, and the consequences of Obama Economics. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy | Read More »
I’m no economist, nor do I play one on TV. However, the argument about Keynesian vs. supply-side economic stimulus has fascinated me since the Good Ship Obama sailed in January. To free-marketeers and small-government adherents like myself, it seems intuitively obvious that reducing the taxes be handed over the government, allowing Americans to keep more of their own money, and reducing the amount that DC | Read More »
I have grown weary of hearing the calls for bi-partisanship. The calls for “reaching across the aisle” and “bucking your party.” And yes, I’m even tired of that sacred word that hushes the most stubborn of partisans: Compromise. Compromise in terms of leadership or lack thereof. Compromise with ulterior motives and double-speak. Compromise that hurts our country, indeed our world. To some this is counter-intuitive | Read More »
Keeping taxes low is finally front and center on the Congressional agenda. Today, Democrats in the House are pushing for a vote Obama version of limited tax relief for American families making under $250,000 and individuals making under $200,000. Republicans in Congress are pledging to fight for tax cuts for job creators making more than that amount and retention of lower rates on capital gains, dividends and the | Read More »
Let’s be honest, there are many sexy issues in politics these day. The START Treaty is not one of them. No one other than Barack Obama and the Kremlin care about START. But we should. We should also care that the Senate GOP, thanks to the “skillful” negotiations of Jon Kyl (R-AZ), have decided to sell us down the river to Moscow in order to | Read More »
The President met with Congressional Leaders yesterday at the White House. A path forward seemed to emerge on extending tax cuts for all Americans and the appropriations work for the year. The problem with the outline of the deal vetted yesterday, is that the extension of tax cuts for 2 or 3 more years may come at too high of a price for conservatives. The Senate | Read More »
Our national strength does not come from bailouts and government spending. It comes from a free enterprise system and the hard-working honest citizens who make it run. — Pat Toomey In this week’s Weekly Republican address, Republican Senate candidate and former Representative Pat Toomey talks about the wasteful and extravagant spending of the Democrats’ extreme agenda. Toomey succinctly lays out the problem Obama and the | Read More »
A lot of the media and all of the Democrats seem to forget one simple fact about the Bush tax cuts: they were passed in response to a recession occurring as George W. Bush and Dick Cheney entered office. Moe Lane wrote an excellent post about the impact of the Democrats not extending the Bush tax cuts, but what about what they actually did. We | Read More »
The basic situation? The Democratic party is facing a dilemma of more or less its own doing with the looming end of Bush-era tax cuts. The party generally ran on a program of repealing them for the ‘rich,’ which was rhetorically useful (if not fiscally so); and some Democratic legislators are beginning to worry about the political effects of that. The problem – which the | Read More »
This is passing “institutional cowardice” and is rapidly approaching the status of “blackmail threat:” Democratic leaders are likely to punt the task of renewing Bush-era tax cuts until after the election. Voters in November’s midterms will thus be left without a clear idea of their future tax rates when they go to the polls. I can just see the slogan, too. “Vote Democratic, or we’ll | Read More »
There was a USA Today story the other day that taxes in the United States are ridiculously low now. The basic gist of the story, pushed by leftwing groups who want everyone to bow down and face Washington for its “gifts” — never mind that it is your money to begin with — is that there is no conceivable way anybody in their right mind | Read More »
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