On Tuesday, the University of North Carolina at Chapel Hill’s Student Congress Finance Committee cut the budget of the College Republicans over 75% from the previous year, but met the funding requests of two liberal groups.
Republicans in Ohio last week took an important step toward broad tax reform when the state House of Representatives approved an across-the-board reduction in the personal income tax.
If truth-in-labeling rules applied to Congress, the proposed law giving states the power to collect sales tax from out-of-state online retailers would be named the Marketplace Unfairness Act.
Are your taxes fair? Over half of Americans Say Their Income Taxes are Fair. And 46.6% Paid No Income Tax in 2011. The top 20 percent of Americans earn 53.4 percent of the total U.S. income, but pay 67.2 percent of total income tax. Is that fair?
The last time I was in Ipswich, Massachusetts, I had one of the tastiest plates of fried clams imaginable. They were fresh, full-bellied and cooked perfectly. Try getting something like this outside the Bay State.
Retailers claim nationally that states could raise $23 billion in revenue if they collected Internet sales tax, and then they whine when taxpayers point out that it is a tax increase.
The last year has been a tough one for conservatives. The hope that four years of failed policy would be enough to repudiate the liberal/progressive ideology of the Obama administration ended when the majority of the American public voted to maintain their entitlements -- so long as someone else paid for them.
The reason President Obama and Republicans can't come to an agreement on the fiscal cliff negotiations is that they don't share the same goals. This is also the key to understanding why President Obama appears far less worried about going over the cliff.
No .. I’m not talking about the fiscal cliff, nor am I talking about the almost $100 trillion in unfunded liabilities we face as a nation.
"I'm in the top two percent," said Peter Schiff, CEO of Euro Pacific Capital, this week on CNBC. "Right now, I'm paying 45 percent of my total income in income taxes ... You tell me, what's fair about that when medieval serfs pay 25 percent, I'm paying half? I don't care what the majority voted to do, they don't have a right to steal my money just because they vote for it."
We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back.
Republicans find themselves in the unenviable position of being forced to agree to raise taxes on those earning more than $200,000 (the actual cut off for those Mr. Obama refers to as "millionaires and billionaires"), or risk being blamed for a tax increase on all taxpaying Americans. They will probably agree, which means it's a politically unavoidable policy, not a good policy.
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