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28

Oct

"I hate to say this on Fox. I hope I’ll be allowed to leave here alive, but I don’t think that we can cut spending enough to make a meaningful difference. We’re going to have to raise taxes."

— Conservative pundit Ben Stein

(Source: The Atlantic)

13

Feb

GOP caves on payroll tax cut; 10-month extension set to pass

shortformblog:

  • 10 -month extension of the payroll tax cut is likely to pass source

» Good news for Democrats:  GOP leadership has indicated that they’ll pass a 10-month extension of the payroll tax without any offsets in spending. Democrats had wanted to balance the tax cut, in part, with higher taxes on the rich; Republicans wanted to do so, in part, with cuts to unemployment benefits. Ultimately, they couldn’t agree, and so it will be passed with no offsets at all. Why is this good news for Democrats? Well, the GOP took a hard-line against the payroll tax cut—which largely benefits the middle-class—last December, making the once-benign policy a partisan issue. Democrats, by and large, were okay passing it sans offsets—the suggestion to pay for it via tax cuts on the rich was more a general effort to increase taxes on the rich—and so the fact that the extension is going to pass is a political and legislative win for Democrats. But the extension expires in ten months—right around the presidential election—so this fight is only over in the short-term.

Read ShortFormBlogFollow

Voodoo.

27

Jan

Henry David Thoreau didn’t pay his taxes. That’s reason enough.
Things overheard at ‘India’s House.’

28

Sep

Schools may have to dig deeper to pay oil company tax breaks

Valero, a major Perry contributor, stands to benefit most from the property tax refund, with a potential $92 billion dollar refund.  Perry has received $147,895 from Valero, more money from the company than any other politician in the country except one.  Valero first applied for the exemption in 2007 and were denied.  Now they’re appealing and asking for payments retroactive to that year.  Four other companies are following suit.  If approved, twelve other refineries will also be eligible for the same tax break.

Both Governor Perry and the three commissioners have hinted that they will support the tax break.  The fact that everybody else pays their fair share of taxes and schools are cutting everything from pencils to busing while big oil gets a tax break stinks almost as bad as the refineries themselves.  Almost.

(Source: nomoretexasgovernorsforpresident)

19

Sep

phillipamerica:

cornachio:

Between his Jobs plan & his proposed tax hike on the wealthy, I’m starting to remember why I love our president. HOPE, CHANGE, & PROGRESS!

I never forgot why I loved him, but this just makes me love him more.

I have to admit I’m mostly reblogging this for the gifs.

(Source: thesoapboxschtick)

18

Sep

Translation.

"Let’s all pay our fair share."

Republican translation:

"Class warfare."

02

Sep

It is not class warfare to suggest that the richest 1 percent of people in society pay one-third of their income to the federal government, as they did under Ronald Reagan. Keep in mind that dividends were taxable as ordinary income every year of his administration, and in the Tax Reform Act of 1986 he supported taxing capital gains as ordinary income as well… The issue is not whether the rich should pay more, but how best to accomplish it.

29

Aug

Congressman Chris Gibson says he represents all the citizens of New York’s 20th District. At a Town Hall in Millerton, NY, on August 23, 2011, several of his constituents challenge him effectively on this point. Gibson has voted with the extreme right wing Republicans since he was elected last year. He was among those who held hostage the good credit of the United States, to preserve low tax rates for the very wealthy. He also voted to prohibit the Environmental Protection Agency from doing anything to limit the greenhouse gases contributing to climate change. Gibson signed the Grover Norquist pledge to not raise tax rates on billionaires, no matter how dire our fiscal circumstances. Does he represent you? Call him: 202 225 5614.

28

Aug

blogvader:

The GOP Philosophy on taxes.

blogvader:

The GOP Philosophy on taxes.

27

Aug

Bernie Sanders Introduces Bill To Lift The Payroll Tax Cap, Ensuring Full Social Security Funding For Nearly 75 Years

tricksterathome:

The Social Security system is currently fully funded until 2037. Lifting the payroll tax cap would virtually eliminate funding shortfalls the program would experience over the next 75 years.