Considered in isolation, payroll tax cuts in the jobs bill look like a crass political stunt: reducing revenues by $240 billion next year and then magically disappearing right after the November elections.
As part of his plan to fund the American Jobs Act, President Obama is once again seeking to raise the tax rate and decrease the charitable deduction for the people who form the backbone of charitable giving in America.
Barack Obama wants the rich to pay more taxes. Since the days of Ronald Reagan, says the president, Republicans have been protecting the rich at every opportunity — shielding them from the obligation to pay their fair share.
What if Barack Obama had begun his presidency by enacting a permanent tax cut that further lowered income tax rates, cut the capital gains rate in half and reduced business taxes across the board?
If the President really wants to be watchdog of moral correctness, someone should remind him that the most enduring moral code in human history also requires truthfulness.
The finger wagger in chief, in too many ways to count, has permanently forfeited his moral authority.
Pause a moment on the Buffett Rule. Almost all of Warren Buffett’s income comes from capital gains taxed at 15 percent. He only pays himself $100,000 a year, which would be taxed at the top rate. Most of his wealth is untaxed as unrealized capital gains. So his effective income-tax rate is lower than his secretary’s.
Eric Cantor plans to go on offense for job creation when the House convenes for business after Labor Day. In a memo to Republican members yesterday, Majority Leader Cantor outlined a strategy to reduce the tax burden on small business owners and repeal ten regulations that increase cost and stifle job creation.
Mr. Buffett is rich enough to be a Democrat. It won’t alter his lifestyle one bit if we made the marginal tax rate 100%. He’s got his. Imagine how much more arduous his climb to the top would have been back in the 1960's if we targeted him for tax increases.
The American economy, for some inexplicable reason, has been pushed to the sidelines in the fierce debate over a fiscal crisis that threatens to shut down much of the government.
If Americans who tuned in to President Obama's televised address Monday night were hoping for a breakthrough in the budget crisis, they were sorely disappointed.
Looking for a clear, concise, simple explanation of why it's important -- indeed, vital -- to hold the line against raising the federal debt limit unless federal spending is cut at least as much?
There he goes again. More than six months after surrendering to Republican demands that this isn't the time to raise taxes in a weak, jobless economy, Barack Obama is peddling the same old snake oil medicine of higher taxes.
The looming political showdown over raising the federal debt ceiling has generated a seemingly endless stream of punditry over winners and losers, key players versus back-benchers, and on-again, off-again "grand compromises."
The demonstrably false party line being peddled by President Obama and the Democrats in the budget battle is that tax increases must be a large part of the deal because corporations and the rich don't pay their fair share.
President Obama and Democrats in congress are once again trying to sell America on tax increases. All of our problems will be solved if the “rich” would just pay more in taxes. We’ve been down this road before with disastrous results.
This may sound like a radical idea, but our fiscal emergency demands radical intervention: Only those who pay taxes should be allowed to vote.
Politics often mimics theater. And this month’s elaborate production by Democrats to frame oil companies as the reason for high gas prices merits a Tony nomination.
If our leaders are going to have an honest discussion about energy, it's important to clear up a few rumors, misconceptions and outright falsehoods being perpetrated about the oil and gas industry.
The millionaire poster boy of the tax-the-rich crowd, who amazed everyone with the revelation that rich people don’t pay their fair share by his talking about his own example, has released his tax returns online with an accompanying asterisk because the truth is a lot less dramatic than his claims.
President Barack Obama kicked off his "Shared Responsibility, Shared Prosperity" tour last week with a spirited defense of progressive principles -- hereafter known as America's "basic social compact."
President Obama wants to convince the nation that many Americans, most of them small business owners, must pay more tax as “their fair share” of huge, annual deficits. What Mr. Obama never mentions is that he has surrounded himself with key advisors and selected key members of his Administration that are tax cheats.
With American politicians still refusing to substantively address the looming consequences of their fiscal irresponsibility, it only makes sense that voters are feeling frustrated and powerless.