If you have read Marco Rubio's An American Son, you will know that the Florida senator is nothing if not tenacious.
One of the most significant votes in the recent Senate budget vote-o-rama was on the federal death tax.
With a divided Congress and deeply partisan president in the White House, gridlock within the Beltway seems as unavoidable as their legendary traffic jams. Yet throughout the country, Republicans hold strong majorities across much of the nation.
Who exactly were the rich who, as the president said, were not "paying their fair share"? The rapper Jay-Z (net worth: nearly $500 million)? The actor Johnny Depp (2011 income: $50 million)?
Washington -- William McGurn, the esteemed Wall Street Journal columnist and soon-to-be editor of the editorial page of the New York Post, has made an interesting observation about the fabulous Bush tax cuts that are about to lapse.
President Barack Obama in 2008, and again during the 2012 election, promised absolutely, positively no tax hikes on the middle class. The rich, however, must pay more: "It's not me being stubborn, it's not me being partisan -- it's just a matter of math."
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Within the past decade, I've written columns titled "Deception 101," "Stubborn Ignorance" and "Exploiting Public Ignorance," all explaining which branch of the federal government has taxing and spending authority. So here it is again: The first clause of Article 1, Section 7 of the U.S. Constitution, generally known as the "origination clause," reads: "All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills."
Democrats have been having a field day with the cry of "tax cuts for the rich" -- for which Republicans seem to have no reply. This is especially surprising, because Democrats made the same arguments back in the 1920s, and the Republicans then not only had a reply, but one that eventually carried the day, when the top tax rate was brought down from 73 percent to 24 percent.
The Washington, D.C.-based Tax Foundation does a yeoman's job of keeping track of how much we're paying in taxes and who's paying what. It turns out that American taxpayers worked this year from Jan. 1 to April 17, 107 days, to earn enough money to pay their federal, state and local tax bills. That statistic requires some clarification, and I ask my readers to help me examine it.
Why now? That’s the one question about the present push for the “Buffett Rule” that President Obama can’t answer – at least not without exposing his own proposal as the shabbiest, sleaziest sort of partisan posing.
Liberals in Congress are having a tough time bringing their beloved “Buffett Rule” to a vote. That’s the gimmicky proposal which purports to “sock it to” millionaires who allegedly aren’t paying their fair share in taxes.
Those in Congress who have made distinguished careers sneaking tricky little passages into the tax code to favor the special interests they represent, or just hope to solicit for a campaign donation, aren't interested in undoing this elaborate trap for the average taxpayer.
President Barack Obama calls his proposed tax on millionaires the "Buffett rule," based on financier Warren Buffett's claim that he pays a lower tax rate than his secretary. Obama claims that the "Buffett rule" asks millionaires to "do their fair share" by paying the same income tax rate that middle-class families pay.
WASHINGTON - President Obama admitted this week that the "Buffett Rule," his plan to raise taxes on wealthier Americans, is "a gimmick."
Have you noticed that what modest economic improvements we have seen occurred during the much-lamented "gridlock" in Washington? Nor is this unusual. If you check back through history, doing nothing has a far better track record than that of politicians intervening in the economy.
I have often asked myself why do so many wealthy people support liberal causes? This is the flip-side of the usual election-year frustration of the liberals with the working classes’ clinging to their guns and religion.
There's a reason President Obama, Mitt Romney, Paul Ryan and many others are touting tax reform these days. On the campaign trail, it taps into deeply held beliefs about the way American society ought to work and the role of government.
I have long been puzzled by the enthusiasm with which many young liberal bloggers cheer on proposals to raise tax rates on high earners. I can understand why they might favor them, but not why they seem to invest so much psychic energy in the issue.
In his State of the Union address last week, President Obama used billionaire investor Warren Buffett's secretary, Debbie Bosanek, as a prop to illustrate the unfairness of our tax system. "Right now," he said as Bosanek sat near first lady Michelle Obama, "Warren Buffett pays a lower tax rate than his secretary."
I work hard and want to pay my fair share. But I don't want my hard-earned dollars wasted by lazy, incompetent politicians pandering for votes. Call me crazy.
Do my eyes deceive me? It seems that the Republicans are in danger of losing the debate on cutting taxes. Some 30 years after President Ronald Reagan proved that tax cuts encourage economic growth -- which enriches us all -- glum figures like President Barack Obama are roaming the land talking about the apolaustic lives of the very rich and the need to take their loot so we can all live better.
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