Posts tagged as:

tax cuts

Obama: The Debt Not a Short-Term Worry

September 19, 2012

Try not to gag too much during this clip from Letterman last night.  Skip to about 2:00 for the key part: Philosophically, the whole clip makes me want to gag.  The entire concept of “paying” for tax cuts implies that the revenue itself is not ours, it’s theirs, which strikes at the very heart of [...]

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Another Mortgage Bailout Looms

September 5, 2010

Democrats need voters to show up in November.  All indications are that an electoral knifing is in the works.  So what’s  Obama, the leader of the Democrat Party, going to do to try to help them?  Well, research and development tax credits are on the way, but I’m sure there will be plenty of “green” [...]

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The End of American Economic Prominence

May 12, 2009

With the Obama administration, we are likely reaching the end of our economic financial prominence.  Obama’s proposals create an anti-competitive environment, and put us at a disadvantage with the rest of the world.  Take the Corporate Income Tax.  The U.S. Corporate Income Tax is currently set at 35%.  However, companies who do international business, and [...]

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Taxing the Rich to the Extreme

February 24, 2009

Currently, the highest tax bracket is for those making over $250,000.  Under the Bush tax cuts, they are taxed at a rate of 35% (still too high in my opinion).  This figure will increase to 39% when the Bush tax cuts expire, or when Obama raises them, whichever comes first.  Yet there are elected Democrats [...]

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Keynesian Skepticism

January 15, 2009

Economist N. Gregory Manikiw, a Professor of Economics at Harvard and former advisor to the Bush administration, has a piece at the New York Times today about the economic multiplier effect first posited by Keynes and popularized Paul Samuelson, author of early Economic textbooks.  In the piece, Manikiw examines the gap between the relative effectiveness [...]

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A Real Economic Stimulus

January 14, 2009

Congressman Jim Jordan (R-OH) of the Republican Study Committee, is proposing an alternative to the Obama New New Deal Economic Stimulus.  Congressman Jordan describes the details of the stimulus over at RedState: We don’t believe in tax-and-stimulate. We believe in cutting taxes to put more money back in the hands of the families and job [...]

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Debunking Keynesian Economics

December 17, 2008

As the Economic Crisis remains the main issue of the day, talk in Washington continues to revolve around a Keynesian stimulus as an attempt to “revive” the economy.  Dan Mitchell, of the Cato institute, has produced a YouTube video which clearly and concisely explains why Keynesian economics does not work. The Obama plan is nothing [...]

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Support A Tax Holiday

December 1, 2008

Rep. Louie Gohmert (R-TX) of the Conservative Republican Study Committee is proposing an alternative to the Auto Industry bailout and Economic Stimulus packages, as well as the remainder of the Paulson Bailout money that has yet to be authorized by Congress.  His plan is to use the remaining $350 billion allocated from the bailout money [...]

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Say “No” to Conservative Class Warfare

November 21, 2008

There is a movement of “reformers” within the Conservative movement who want to target Conservative policies to the middle-class.  Ramesh Ponnuru at National Review is one of them.  I don’t have a problem with coming up with ideas that benefit the middle class, but it should not turn into class warfare.  Ponnuru, I feel, is [...]

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Zero Tax Relief From Obama

September 10, 2008

Even though there isn’t a soul in America that believes him, Barack Obama has been running around the country claiming to support a tax cut for the overwhelming majority of Americans. With that in mind, I was happy to see this piece by Newt Gingrich and Peter Ferrara in the Weekly Standard on taxes. Gingrich [...]

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The Economic anti-stimulus Package

January 24, 2008

President Bush and Congress are close to a deal on a $150 billion economic “stimulus” package.  The package includes a temporary suspension of the 10% income bracket, meaning that everyone who fell in this bracket would receive up to $800 ($1200 for married couples) in the form of a rebate.  In addition, the plan would [...]

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