Posts Tagged ‘taxes’
Still searching for disaster…
Are Republicans in danger of losing control of Congress? Of course, but I think the danger is overstated, largely because of one thing, which is the Democrats’ constant efforts to diminish the tax reform bill which is putting extra dollars into the paychecks of so many Americans.
Republicans need to remind people that no Democrat voted to give the people a single cent, and that all potential Democratic candidates have sworn to adhere to the party line and take back those extra dollars by raising taxes on individuals and businesses, which hurts everyone and helps no one except the government and corrupt politicians who should be given much less money to cause trouble with.
We should always remember that even the few Democrats who have some understanding of economics don’t speak honestly about it. Let’s face it — “Give us more of your money so we can entrench ourselves” is scarcely a winning campaign slogan. Nor is it a very satisfactory way to explain that people in high-tax states lost the ability to fully deduct their state and local taxes because Democrats absolutely refused to negotiate, just as they have on everything since Mr. Trump took office.
California waking?
Despite Gov. Moonbeam’s best efforts to stop it, there is an effort to recall state Senator Josh Newman, one of the key players who allowed the tax increase to pass without a single Republican vote. Does this mean Californians are finally beginning to wake up, or will they continue to re-elect the same politicians who have dedicated themselves to crushing personal freedoms and raising taxes for decades?
$2.91 trillion in taxes collected…
…but the USA is still broke because the idiots in Washington spent $3.51 trillion, resulting in a $621 billion deficit, not because 2016 receipts are slightly lower than last year’s. Nearly half the total came from individual income taxes, quite staggering when you realize that nearly half of us pay no federal income taxes at all.
And what do we have to show for it? An economy staggering towards another recession, a worn-out military, an FBI which can’t be trusted — heck, an entire government which lacks a single agency in which any sane person would place substantial trust.
I’m thinking of getting one of those T-shirts which cheerfully reads “DEPLORABLES”, the tag Queen Hillary — and indeed, all progressives secretly agree — has placed upon half of Trump supporters. I wouldn’t call myself a true supporter, but I will vote for him because I know what Hillary is and how supremely dangerous she is for my country. What will you do?
UPDATE: Terrence Jeffrey lays out beautifully the crisis created by our economically illiterate President and the supine and corrupt Congress.
Hillary’s favorite charity…
…is herself! 96% of Hillary and Bill’s charitable contributions went to the Clinton Family Foundation, which is separate from the Clinton Foundation, but still controlled by the Clintons. Can we say second slush fund, boys and girls?
Renewable energy fails again…
This time it’s a Spanish company which is going the way of Solyndra, but U.S. taxpayers are on the hook for the $2.7 billion worth of loan guarantees, courtesy of the Department of Energy Section 1705 loan guarantee program, the same program that funded Solyndra. You can thank His Oneness and his lust for green energy, along with Queen Hillary and her unwavering support of the Export-Import Bank for the latest assault on your wallets. This debacle will make Solyndra look like small change…
Cruz’s win in Wisconsin…
…also vindicates the reforms which Gov. Scott Walker instituted there, which have saved taxpayers over $5.2 billion in five years, allowing for individual and business tax cuts and a property tax freeze. The lost significant savings of $3.36 billion came from having government employees pitch in for their pension and health benefits, and another $404.8 million by opening up employees’ health insurance to competitive bidding. The overall savings are the equivalent of an extra $2,291 in the pockets of every household in Wisconsin, including those who supported the recall elections against Gov. Walker.
Taxing choices…
This handy calculator shows you how each presidential candidate’s tax plan will affect you, courtesy of the Tax Policy Center.
TPC greatly simplified the process to consider only the biggest factors (income, marital status, children), and looked at the four taxes with the largest impact (individual and corporate income taxes, payroll taxes, excise taxes), but the idea is sound.