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Tag: Tax

Stop Slandering the IRS

Every April the Web and the commentary pages overflow with sweeping falsehoods that libel the work of committed federal employees, such as Vernon Hunter, the Vietnam veteran who was recently murdered by an anti-tax terrorist.

Posted on Apr 14, 2010 READ MORE


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tea party
Flickr / ajagendorf25

Tea Party-GOP Relations Show Signs of Strain

Tea party loyalists may be situated at the right side of the political spectrum, but that doesn’t mean the upstart political movement is an adjunct to the Republican Party, no siree. As it evolves, the loosely unified conservative coalition may be moving farther away from the GOP’s orbit.

Posted on Mar 22, 2010 READ MORE



youtube.com

Rewriting History Texas-Style

Texas’ Board of Education has approved a new social studies curriculum with a conservative seal of approval. After three days of debate the board voted to change the curriculum to explicitly present Republican philosophies and conservative leaders in a more positive light.

Posted on Mar 13, 2010 READ MORE


The Tax War Goes Online

Amazon has sent a message to states buckling under budget deficits: If you make us play by the same tax rules as other businesses, we’ll punish you.

Posted on Mar 11, 2010 READ MORE


IRS logo
Wikimedia Commons / U.S. Department of the Treasury

Hazmat Teams Called to IRS Building in Utah

A “suspicious substance” caused a ruckus at an Internal Revenue Service outpost in Ogden, Utah, on Monday, and hazardous materials crews and the FBI were called in. Later, an official said the substance was found to pose no danger ... (continued) Updated

Posted on Mar 1, 2010 READ MORE


Limbaugh
AP / Chris Carlson

Limbaugh Politicizes Haiti Aid, Warns About Donating

Rush Limbaugh’s not one to miss an opportunity to diss the Obama administration, and in his latest class act the conservative radio impresario was nothing if not consistent. Not only did Limbaugh warn against sending money to Haiti via the White House, he also used American racial politics to explain the president’s impulse to help. What’s more, he seemed to suggest that listeners not donate to Haiti at all—although he denied later that this was his intention.

Posted on Jan 15, 2010 READ MORE



commons.wikimedia.org / Ramy Majouji

Obama Wants a Wall Street Recovery Tax

President Barack Obama wants to slap a new tax on the country’s largest financial institutions in an ostensible attempt to “recover every single dime” given away in 2008’s Wall Street bailout. The tax was met with predictable fat-cat jeers, despite the fact that the industry has largely recovered from the crisis. 

Posted on Jan 14, 2010 READ MORE



Flickr / Kalavinka

IRS Unit Aims at Deep Pockets

An Internal Revenue Service unit is being developed to catch wealthy tax cheats who find ways to hide their assets in different businesses and accounts. The new unit reportedly has hired hundreds of employees to combat international tax evasion.

Posted on Dec 12, 2009 READ MORE


home sales

Home Sales Jump 10.1% in October

Other market sectors are another story, and this story may also change in coming months, but let’s have some good news about the residential real estate market, shall we? Right: The Associated Press is reporting that home sales rose more than 10 percent in October from their September levels, largely due to tax incentives, and November may continue along this trend.

Posted on Nov 23, 2009 WATCH & LISTEN


employment
haldimandcountyhydro.ca

White House: Stimulus Made, Saved Nearly 650,000 Jobs

The White House sounded a triumphant note Friday about the success of the economic stimulus in salvaging and creating close to 650,000 jobs in recent months, but some Republicans, along with the AP, are questioning the accuracy of the government’s figures.

Posted on Oct 30, 2009 READ MORE


Sarkozy
guardian.co.uk

Environmentalists Assail French ‘Green Tax’

A plan by French President Nicolas Sarkozy to slap a “carbon tax” on all forms of energy except electricity has met both popular resistance and activist snubbing. Two-thirds of French voters oppose such a tax, and environmentalists have chimed in to condemn it as halfhearted and wimpy.

Posted on Sep 13, 2009 READ MORE


Gibbs
AP / Alex Brandon

White House: No Tax Hikes for Middle Class

On Monday, after two of President Obama’s economic sidekicks, Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers, made noises over the weekend about the possibility that middle-class Americans may pay higher taxes in the near future, the White House went into damage control mode.

Posted on Aug 3, 2009 READ MORE


Wall St.
Flickr / David Paul Ohmer

The Wall Street-Health Care Connection

When I heard Senate Finance Committee Chairman Max Baucus, D-Mont., floating the idea of a tax on health benefits in order to raise revenue for health-care reform, I was baffled; how could this be?

Posted on Jul 23, 2009 READ MORE


Obama
whitehouse.gov/video/

Obama on Health Care: ‘We Are Going to Get This Done’

Despite rumblings from detractors on both sides of the aisle, President Barack Obama held his ground as he held forth about health care reform in a speech at the White House on Friday afternoon, declaring that he was “absolutely convinced” that substantial changes to the system will be made this year.

Posted on Jul 17, 2009 READ MORE


Benjamins
Wikimedia Commons/Revisorweb

U.S. Budget Deficit Climbs to Over $1 Trillion

America’s spend-a-thon has brought some inevitable consequences, not the least being that we now are looking at a federal budget deficit of more than $1 trillion for the first time ever, and that number is projected to nearly double by October.

Posted on Jul 13, 2009 READ MORE


California’s Silent Big Spenders

Instead of making the positive case for big government, or at least beginning to explain, let alone defend, what Sacramento does with all that money, California’s political class has instead opted for a four-pronged strategy: deny, scare, attack, then call for higher taxes.

Posted on May 28, 2009 READ MORE


Boehner
AP photo / Evan Vucci

House Passes Bonus Tax Bill

After the top brass at AIG couldn’t be stopped from dishing out $165 million in bonuses to executives who didn’t exactly deserve gold-star treatment, Congress is attempting to recoup most of the money by slapping a 90 percent tax on such executive windfalls.

Posted on Mar 19, 2009 READ MORE


Obama
AP photo / Darin McGregor, Pool

Obama Gets Aggressive on Cutting the Deficit

Despite the fact that he’s looking at a trillion-plus deficit for 2009 as he settles into his second month as president, Barack Obama has plans to cut the annual deficit by half by the time his first term ends.

Posted on Feb 20, 2009 READ MORE


Daschle
latimes.com

Daschle Drops Out

Memo to anyone still angling for a top position in the Obama administration: Pay your taxes. Tom Daschle is the latest political player to find himself out of the running—in his case, to head the Department of Health and Human Services—after tax issues came to light.

Posted on Feb 3, 2009 READ MORE


Daschle

Obama Backs Embattled Daschle

Will tax problems sink former U.S. Senate Majority Leader Tom Daschle’s chances of becoming the next U.S. health secretary? President Obama apparently hopes that this won’t be the case.

Posted on Feb 2, 2009 WATCH & LISTEN


Bush with football
freewebs.com

Bush Passes Bailout Buck to Obama

Although President Bush has kicked off the auto industry bailout process before leaving office, some would call Bush’s strategy more of a punt to his presidential successor, Barack Obama.

Posted on Dec 20, 2008 READ MORE


sodas
karljaro.blogspot.com

N.Y. Governor Gets Tough on Soft Drinks

Want a soda with that? It’ll cost you, if what you’re after is a non-diet drink and you happen to be in New York, thanks to a controversial tax plan that Gov. David Paterson has cooked up to combat rising obesity rates in his home state.

Posted on Dec 16, 2008 READ MORE


Obama and Rubin
AP photo / Chris Carlson

Obamanomics = Rubinomics?

Judging by the new additions to Barack Obama’s economic squad, the president-elect appears to be borrowing heavily from Robert Rubin’s ranks, but here’s an argument as to why Obama’s approach will differ from Rubin’s (but consider the source here).

Posted on Nov 24, 2008 READ MORE


Paulson in negotiations
AP photo / Lauren Victoria Burke

Surprise! Paulson Sneaked $150B Bank ‘Windfall’ Into Bailout

Perhaps we should be more surprised than we are by the news that Treasury Secretary Henry Paulson and his DOT crew managed to sneak a handful of sentences into the approved bailout bill that amounted to a $150-billion “quiet windfall” for American banks, as The Washington Post put it.

Posted on Nov 10, 2008 READ MORE


etheridge
Flickr/minds-eye

Etheridge Stops Paying State Taxes in Prop. 8 Protest

If California is going to deny lesbian Melissa Etheridge her full rights as a citizen because of Proposition 8, the musician is happy to return the favor by refusing to add her tax money to the state’s coffers.

Posted on Nov 7, 2008 READ MORE


Obama’s Weather Balloon

The first important election result for the senator in May—coming before his North Carolina victory—was the outcome of a little-noticed U.S. House contest in Louisiana.

Posted on May 8, 2008 READ MORE


Hillary Plays the Crazy Card

In this protracted and often dispiriting prelude to the general election, few remarks have been as poorly chosen as Sen. Hillary Clinton’s threat to “totally obliterate” Iran.

Posted on May 8, 2008 READ MORE


A Fair Fight

Lately, the campaigns of both Democratic contenders have changed—and those changes have made both stronger. Now there’s a contest between the old Obama and the new Clinton. Updated.

Posted on May 6, 2008 READ MORE


dollar
brokerforyou.com

Bush Plans Economic Intervention

What to do about the slumping U.S. economy? President Bush may disagree with congressional Democrats on dozens of issues, but he seems to agree with their call for some kind of temporary stimulus measure to be implemented as soon as possible. Bush’s potential bailout plan will likely focus on income tax rebates to inspire Americans to go out and spend for their country.

Posted on Jan 18, 2008 READ MORE


U.S. soldiers
boston.com

Ron Paul:  Iraq War Will Cost $3.5 Trillion

It’s difficult to fully comprehend the total price tag of the Iraq war, but Republican presidential candidate Ron Paul has made some staggering calculations, coming up with a whopping $3.5 trillion—including “hidden costs” such as interest on the money we’re borrowing, and long-term health care for vets. 

Posted on Nov 20, 2007 READ MORE


Pelosi

Huffington Probes Pelosi on the War

House Speaker Nancy Pelosi explains to a persistent Arianna Huffington why the Democrats haven’t yet cut off funds for the war, why Mitt Romney isn’t going to be the next president and why she opposes a war tax: “This war has to end. I don’t want any accommodation made to pay for it or to prolong it.”

Posted on Oct 16, 2007 WATCH & LISTEN


Bush

Bush Spotty on Economics, Grades

Anyone considering a bid for the presidency these days should keep records of their college (and, to be extra-safe, high school) report cards handy, judging by President Bush’s take on the state of the nation’s economy and the relation of that topic to his own educational history.

Posted on Sep 20, 2007 WATCH & LISTEN


penny
loringdesign.com

The Penny:  That’s Just Our $.02

Now that U.S. pennies are more of a nuisance than a useful form of currency, given their ever-so-rapidly evaporating value (no offense, Honest Abe), and now that it costs the government nearly two cents to make each penny, why don’t we just toss them altogether?  (Hint:  It has to do with lobbyists.)

Posted on Aug 15, 2007 READ MORE


Pennybags
theonion.com

Buffett Questions Tax Gaps

The vast economic rift between the top and bottom tax brackets is a major cause for concern,  and it’s not just those at the lower end of the income spectrum who are paying attention. 

Posted on Jun 27, 2007 READ MORE


Last-Minute Tax Woes

A deluge of tax procrastinators attempting to file electronically before the midnight deadline on Tuesday slowed the TurboTax servers to a crawl, causing wait times in the hours. A spokesman for the company that makes the popular tax preparation software said it was “absolutely amazing” how many people had waited until the last possible moment.

Posted on Apr 18, 2007 READ MORE


In Norway Stripping Is an Art Form

An appeals court in Norway ruled in favor of the owners of a go-go bar in Oslo who had refused to pay taxes on entry fees on the grounds that striptease dancers are stage artists like sword swallowers and comedians and deserve the same status.  According to the BBC report, the court ruled that “[s]triptease, in the way it is practised in this case, is a form of dance combined with acting” and should be exempt from the value-added tax.

Posted on Dec 6, 2006 READ MORE


Religious missions
From the NYT

Gov’t Bending Regulations for the Pious

Check out part three of this four-part N.Y. Times series on ways in which the religious enjoy special tax breaks and exemptions from regulations that their secular counterparts do not.
Calling Sam Harris…

Posted on Oct 10, 2006 READ MORE


California's Governor
sciam.com

GOP Governors Campaign on Progressive Issues

Not surprisingly, Republican governors have been veering to the left in a bid to capture votes.  From California to Maryland, issues like the minimum wage, the environment and healthcare have gotten a boost in recent months.

Posted on Sep 20, 2006 READ MORE


Jack Kingston

‘Daily Show’ Probes GOP Rep?s ?Pimp Tax?

Rep. Jack Kingston (R-Ga.) wants to impose penalties on pimps who don?t file W-2 forms for their prostitutes. But “Daily Show” correspondent Dan Bakkedahl asks, ?Instead of a tax on pimps, why not a rebate on hoes??

Posted on Aug 15, 2006 WATCH & LISTEN


champagne popping
From champagnelovers.org

Senate Kills Estate Tax Bill

Normally, this would be cause for unbridled celebration. However, Republicans had cowardly and self-servingly tacked an estate tax reduction onto a bill designed to raise the minimum wage. So good legislation had to die  in order for a terrible bill never to live.

Posted on Aug 3, 2006 READ MORE


Hilton sisters
From images.blackeyedpeas.com

Sprinkling the Poor, Showering the Rich

House Republicans tacked a cut in estate taxes onto a bill to raise the minimum wage. Yeah, you read that correctly: The economically distressed would get an additional $2.10 an hour, whereas the Walton kids and the Hilton sisters would get untold millions.
Must be that compassionate conservatism we’ve heard so much about.

Posted on Jul 29, 2006 READ MORE


Paying for Being Poor

A new study by the Brookings Institution found that the urban poor pay hundreds and sometimes thousands of dollars a year in extra costs for necessities, such as car insurance, home appliances, banking fees and other basics. (NYT link)

Posted on Jul 19, 2006 READ MORE


Molly Ivins: The Politics of Greed

“Anyone who doesn’t think this is a country where the rich are getting richer and the poor are getting poorer needs to check the numbers—this is Bush country, where a rising tide lifts all yachts.”

Posted on Jul 10, 2006 READ MORE


Marie Cocco: The Value of a Penny

Using pennies in everyday transactions is a time-consuming hassle. But might their worth lie therein?

Posted on Jul 5, 2006 READ MORE


House Votes to Cut Estate Taxes

After the GOP-controlled Congress rejected an increase in the minimum wage, House lawmakers have now voted to exempt the heirs of millionaires from having to pay taxes on their inherited wealth.

Posted on Jun 23, 2006 READ MORE


Fat Tax
From the Daily Mail

Doctors Call for Fat Tax

Members of the American Medical Association’s annual conference will call for a levy on the sweeteners put in sugary drinks to pay for a massive health education campaign.

Posted on Jun 12, 2006 READ MORE


Senate Kills Estate Tax Repeal

As Think Progress put it: “A sad day for Paris Hilton.”

Posted on Jun 9, 2006 READ MORE


Molly Ivins: Flag Burning and Other Dubious Epidemics

It’s not enough to just worry…. What’s important is to worry about the right things. And that’s where the Republicans come charging to your aid. With just a bit of GOP education, your anxieties will be perfectly on target.

Posted on Jun 5, 2006 READ MORE


Who Would Jesus Tax
From ThinkProgress

Conservatives Seek to Extend Tax Breaks for Rich

House and Senate conservatives have agreed to spend $70 billion to extend the 15% tax rate on capital gains and dividends until 2010.

Posted on May 9, 2006 READ MORE


Luckovich -- Gas Rebate
Luckovich

GOP Tax Rebate Proposal Dying Quick Death

Even the House majority leader, a Republican, has rejected the Republican Senate leadership’s idea to send taxpayers a $100 check to cover rising gas prices.

Posted on May 2, 2006 READ MORE


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