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.
Now, there are glitches in this plan that cannot be overlooked. The biggest is the harsher treatment of capital gains. In a CNBC interview on Tuesday, Sen. Tom Coburn, R-Okla., told me that the investment tax rate would rise to 20 percent from 15 percent. This is a black mark. It's anti-growth. Coburn, however, also told me that the tax treatment of IRAs and 401(k)s would not change in this plan. That's good.
This is a speech Mitt Romney should have given last year. It may even work this year.
The National Labor Relations Board – these days known by many of its critics as the National Organized Labor Relations Board – must have a pretty broad definition of the words "coercion" and "retaliation."
Credit former Vice President Walter Mondale. His call last Sunday for higher taxes in a national opinion column comes as bold and clear as his infamous 1984 pledge to the Democratic National Convention to raise taxes if elected president.
Conservatives should not sugarcoat our history any more than liberals sometimes denigrate it.
Lost amid the partisan posturing over the proposed repeal of Obamacare is a stark, unavoidable fiscal reality.
At long last there are finally signs that the American Republic’s breakneck descent into full-blown socialist madness – which was fast approaching terminal velocity prior to November’s elections – could be leveling out.
No matter how soothing the White House overtures to business leaders sounded this week, an inconvenient fact remains: Washington is gripped by crab-in-the-bucket syndrome.
As tax-cut deals go, the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010” was never a winner.
The burden overhanging the economy of a huge tax increase will probably be eliminated for two years. After that, it sounds as if our president, if he still is our president, threatens to raise taxes.
There is no such thing as a "free" government benefit. Ask small-business owners who are footing skyrocketing bills for bottomless jobless benefits.
As the week unfolded, it appeared that the last days of the lame-duck session of Congress might well end in gridlock.
Ask any 10 voters what motivated them to go to the polls, and you'll probably get 10 different answers.
With the Obama stimulus bill destined to go down in history as a dismal failure, Americans across the political spectrum are waking up to what conservatives have known for generations: government spending doesn’t help the economy, tax cuts do.