Category Archives: Taxes

Well Then Why Didn’t You?

Posted on December 5, 2010 | Leave a comment

We could have let economy fall and been in majority for 40 years

Sure, hindsight being 20/20 and all. Riiiight.

Twits. You knew nothing of the consequences then, you still know nothing of the consequences now.

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Posted in Constitution, Corruption, Deficit, Economy, Ethics, Rule of Law, Taxes

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REPUBLICAN SENATORS BLOCKED DEMOCRAT’S TAX HIKES

Posted on December 4, 2010 | Leave a comment

WASHINGTON (AP) – Senate Republicans blocked legislation Saturday to let upper-income tax cuts expire on Jan. 1, a showdown scripted by Democrats eager to showcase GOP lawmakers as defenders of millionaires.

“Do we want to extend those tax breaks for millionaires and billionaires at a time of huge deficits. I would argue vociferously we shouldn’t,” said Sen. Chuck Schumer, D-N.Y., shortly before the votes.

Republicans countered that no taxes should be raised at a time the economy is recovering from a recession. “It is the most astounding theory I have ever seen, raise taxes to create jobs,” said Sen. John Thune of South Dakota.

Both measures would have extended expiring cuts for the middle class.

Ironically, the votes were widely seen as a prelude to a possible agreement next week between the White House and congressional leaders on legislation that would avert tax increases at all income levels, as Republicans want.

MORE …

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Posted in Deficit, Economy, Ethics, Taxes

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UPDATEx2: Dream Act Will Not Die

Posted on November 30, 2010 | Leave a comment

UPDATEx2: Again, Michelle Malkin brings to our attention tomorrow’s likely nightmare vote (aka, DREAM Act).
I URGE YOU TO READ THROUGH IT. Especially interesting is the ist of ‘misdemeanors’ this DREAM Act will erase.
A few:
Examples of misdemeanors in California:
(1) Assault, CPC § 240
(2) Battery, CPC § 242
(3) Domestic Violence, CPC § 273.5
(4) Criminal Threats/Harassment, CPC § 244
(5) Reckless driving, CVC § 23103
(6) Possession of Firearms, CPC § 12020

An excellent status update by Michelle Malkin.

Be sure to remember those that vote for this – and vote them out come 2011 or 2013.

UPDATE: The cost of this DREAM Act is estimated to be near $6.2B.

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Posted in Constitution, Corruption, Deficit, Economy, Ethics, Illegal Aliens, Illegal Immigration, National Security, Rights, Rule of Law, Social Security, Sovereignty, Taxes, Voting

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“A” For Trying?

Posted on November 4, 2010 | Leave a comment

Or, are they beating their heads against the wall (so they get us to do the same)?

Fed Will Buy $600 Billion in Debt, Hoping to Spur Growth

This “regime” isn’t over yet, folks.

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Posted in Constitution, Corruption, Deficit, Economy, Ethics, Taxes

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By the Way – An Endorsement

Posted on November 1, 2010 | Leave a comment

I haven’t done this on my blog here, or anywhere else for that matter, but before I go to saw some ZZZZZs …..

I would like to recommend that anyone who reads this and hasn’t voted yet, please consider voting for William Campbell.

He is running for State Comptroller against Franchot.

Bill is a fine Republican and former Chief Financial Officer.

I have come to know him, a bit, while on the campaign trail (up to the Primary, September 16th).

He’s a good man. We can look forward to good, honest work and representation from him.

Best of Luck, Bill.

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Posted in Constitution, Deficit, Economy, Ethics, National Pride, Personal, Politics, Rights, Rule of Law, Sovereignty, Taxes, Voting

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Someone Needs to Explain This

Posted on October 29, 2010 | Leave a comment

GM Plans To Cut Debt And Pension Obligations By $11B

October 29, 2010

DETROIT (AP) — General Motors Co. says it will cut its debt and pension obligations by $11 billion.

The announcement comes as GM prepares for an initial public sale of company stock.

GM says it will reduce its obligations by buying $2.1 billion worth of preferred stock from the U.S. government. The automaker says it will buy the preferred shares after the initial public offering, which is expected next month.

The U.S. government got a 61 percent ownership stake in GM, plus the preferred stock, in exchange for a $50 billion bailout to get the company through bankruptcy protection last year.

GM will also pay down $2.8 billion owed to a union retiree health care trust fund and pump roughly $6 billion in stock and cash into its underfunded pension plan.

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Posted in Deficit, Economy, Ethics, Taxes

Largest Tax Hike in Jan 2011

Posted on October 28, 2010 | Leave a comment

If Congress fails to act,
income tax rates will revert to higher levels dating from June 2001.

For a married couple with an income of $80,000, that would drain an extra $221.48 in withholding from a semi-monthly paycheck, according to calculations by the Tax Institute at H&R Block. Married individuals earning $240,000 a year would lose an additional $557.78 to withholding in a single semi-monthly paycheck. The Tax Institute at H&R Block calculated federal tax rates for single-income earners and married taxpayers without children.

Paychecks could shrink in January and into February, depending on how long it takes Congress to act.

More …

God help us.

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Posted in Deficit, Economy, Politics, Social Security, Sovereignty, Taxes

IRS Stonewalling Requests

Posted on October 24, 2010 | Leave a comment

Senators Complain IRS is Stonewalling Inspector General
Washington, D.C.
(October 20, 2010)

By WebCPA Staff

A pair of U.S. senators has written to IRS Commissioner Douglas Shulman and the heads of a dozen other federal agencies asking why they have erected roadblocks to investigative efforts of their agencies’ watchdogs, their inspectors general.

MORE…

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Posted in Corruption, Ethics, Rule of Law, Taxes

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Waiting For An American Hero

Posted on October 23, 2010 | Leave a comment

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Posted in Constitution, Corruption, Deficit, Economy, Ethics, Rule of Law, Sovereignty, Taxes

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You Need To Know

Posted on October 20, 2010 | Leave a comment

A couple stories from REDSTATE:

Armageddon: What Democrats Are Hiding & Why They Are Really Scared

“When asked for clarification, the person explained about the accounting rules developed to shore up underfunded union pensions and the dates when those union companies affected would have to assume their liabilities had the DC crowd (in particular, the Democrats and the unions) in a panic.”

Senate Republicans May Not Try to Repeal Obamacare

“In the past several weeks, there have been several closed door, off the record meetings of high dollar donors getting briefings from various elected officials, including several Senators. In each case the donors have been “reassured” by the Senators present that they have no intention of repealing Obamacare, just restructuring it.”

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Posted in Abortion, Constitution, Corruption, Death Panels, Deficit, Economy, Ethics, Rule of Law, Taxes

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