February 5, 2013
Hey kiddies pay attention is that you in the new college grad, no healthcare line? Didn’t they teach you about that in College?
Today the Congressional Budget Office reported that at least 7 million Americans will lose their healthcare plan thanks to Obamacare.
The Washington Times reported:
President Obama’s health care law will push 7 million people out of their job-based insurance coverage — nearly twice the previous estimate, according to the latest estimates from the Congressional Budget Office released Tuesday.
CBO said that this year’s tax cuts have changed the incentives for businesses and made it less attractive to pay for insurance, meaning fewer will decide to do so. Instead, they’ll choose to pay a penalty to the government, totaling $13 billion in higher fees over the next decade.
But the non-partisan agency also expects fewer people to have to pay individual penalties to the IRS than it earlier projects, because of a better method for calculating incomes that found more people will be exempt.
Overall, the new health provisions are expected to cost the government $1.165 trillion over the next decade — the same as last year’s projection.
But, it’s OK.
The lapdog media will never criticize this president for this blatant lie.
Obama need not worry.
January 1, 2013
So take no action … Hah see how hard that is?
The U.S. budget bill passed by the Senate early today would add $4 trillion to U.S. deficits and debt over the next decade, compared with what would happen if Congress did nothing, according to a Congressional Budget Office report today.
Most of the effects come from reinstating income tax cuts that expired yesterday. According to the White House, allowing some tax cuts to expire would raise $620 billion in revenue, compared with extending all tax cuts.
The extension of unemployment benefits in the bill would cost $30.1 billion and the prevention of a cut in doctors’ payments under Medicare would cost $25.2 billion.
more here ….
October 4, 2012
Off the reservation he goes, who opened his closet door???
Vice President Joe Biden, speaking earlier today in Iowa said, “Yes, we do” want to raise taxes by a trillion dollars:
Same old lies from Donks!!!
“On top of the trillions of dollars of spending that we have already cut, we’re gonna ask – yes – we’re gonna ask the wealthy to pay more,” said Biden. “My heart breaks, come on man. You know the phrase they always use? Obama and Biden want to raise taxes by a trillion dollars. Guess what? Yes we do in one regard. We want to let that trillion dollar tax cut expire so the middle class doesn’t have to bear the burden of all that money going to the super wealthy. That’s not a tax raise, that’s called fairness where I come from.”
July 9, 2012
Today Obama began his newest class warfare campaign announcing that he wants to extend the Bush tax cuts but only for the so-called middle class, which amounts to nothing more than a tax increase on anyone making over $250k/yr in the midst of a terribly sluggish economy, which we all know is eventually a tax increase on all Americans.
I decided to check and see how the major news networks announced this on their front page and almost all of them called it a tax-cut extension except for Fox News who characterized it correctly as a tax increase. The rest fell in line and called it a tax cut extension.
When you get a cut, and the boss gets a tax, what do you call it? Me I call it class warfare. But you are supposed to then be happy and yell right on, get him.
Tell me you are surprised.
Liberals always need an enemy to get, you notice that?
July 9, 2012
There’s not much room over there, but President Obama found it.
Today at 11:50 am ET, President Obama will announce that he supports a one-year extension of the Bush tax cuts for those making under $250,000, a plan that puts him at odds with House Minority Leader Nancy Pelosi (D-Calif.) and Sen. Chuck Schumer (D-N.Y.), each of whom back extending the tax cuts for people making up to $1 million.
Meanwhile Rep Hoyer, Democrat Kookville, says middle-class tax breaks may not be affordable long-term.
Hey all we have ti do its cut back government and get people working again.
Obama’s plan will sock the country with a huge tax increase even as the economy continues to stagger.
It’s bad economics, but the Obama people have calculated that it’s good politics for a politician waging class warfare. Obama will be able to sock Republicans and Mitt Romney for backing tax cuts “for the rich” and “holding hostage” his populist proposal for a “middle class tax cut.”
June 7, 2012
The White House rejected the notion of extending Bush-era tax cuts Wednesday after being put on its heels by former president Bill Clinton, who said in an interview Tuesday that he didn’t have a problem with extending all tax cuts, including those for upper-income households, to avoid another recession.
Hey look at it this way, why would Obama not want to extend the recession? You mean you actually thought Obama cared about Americans? What evidence do you have of that crap???
The Hill reports:
From the White House on down, Democrats were left to play defense. A spokesman for President Obama insisted the president’s position on taxes had not wavered, and Democrats in Congress said even though they disagreed with Clinton’s initial assertion, the former two-term president remained one of the party’s most effective champions.
“Eight days a week I am happy Bill Clinton is one of the leaders of our party. That hasn’t changed,” Rep. Robert Andrews (D-N.J.) said. “I just don’t agree with him on the substance of this.” …
“The president’s position is that we absolutely should extend the tax cuts for the middle class; we should not extend and he will not extend tax cuts for the highest-income Americans,” [White House Press Secretary Jay] Carney told reporters aboard Air Force One, according to an official transcript. “President Obama has been clear about his position, and it has not changed,” he added under repeated questioning from reporters. “We should not extend, and he will not extend, the tax cuts — the Bush-era tax cuts for the wealthiest 2 percent of the American people. It’s bad policy.”
December 13, 2011
Not much attention was paid to former Speaker of the House Newt Gingrich’s flat tax proposal when he first introduced it — owing to his formerly left-for-dead status in the polls. But as Gingrich surged to the top, the Tax Policy Center took a look at his flat tax plan, and found a massive tax cut for the wealthy.
Gingrich’s plan calls for a federal flat tax at 15 percent, that would be optional, so as not to penalize those better off under the current system — meaning those earning in the highest brackets end up saving the most money. That said, every tax bracket would see lower effective rates under the Gingrich plan.
Overall, federal revenues would drop by $1.28 trillion — or 35 percent — through 2015 compared to current government policy, a massive shortfall that would have to be made up with deficit spending, or painful spending spending cuts.
Families and individuals earning more than $1 million a year would see their effective federal tax rate drop almost 20 percent — saving on average $607,221. The millionaires average rate of 11.9 percent would be lower than the average rate paid by a family earning between $40,000-50,000 a year. In fact, it would be lower than the average rate paid by any taxpayer earning between $40,000 and $1,000,000.
As Gingrich takes on a the mantle of the front-runner, expect more of these analyses on Gingrich’s many policy positions — and don’t be surprised if Democrats start aiming some attacks in his direction as well.
Read more at the Tax Policy Center