tax

Statement by President Obama on Full-Year Extension of Payroll Tax Relief  Deal

Statement by President Obama on Full-Year Extension of Payroll Tax Relief Deal

THE WHITE HOUSE December 22, 2011   Statement by the President  For the past several weeks, I’ve stated consistently that it was critical that Congress not go home without preventing a tax increase on 160 million working Americans.  Today, I congratulate members of Congress for ending the partisan stalemate by reaching an agreement that meets that test. Because of this agreement, every working American will keep his or her tax […]

Boehner, Reid reach agreement on  Full-Year Extension of Payroll Tax Relief

Boehner, Reid reach agreement on Full-Year Extension of Payroll Tax Relief

News Pressor at 1730 hrs ET Washington (Dec 22) House Speaker John Boehner (R-OH) today issued the following statement: “Senator Reid and I have reached an agreement that will ensure taxes do not increase for working families on January 1 while ensuring that a complex new reporting burden is not unintentionally imposed on small business job creators.  Under the terms of our agreement, a new bill will be approved by […]

Obama will VETO payroll tax bill if it is linked to Jobs bill

Obama will VETO payroll tax bill if it is linked to Jobs bill

Because getting elected is Job 1 It really isn’t about jobs or tax breaks for the poor and middle class, it is about President Obama running on a “do nothing Congress”.  Because when Obama preached that “we can’t Wait”  and pass  a Jobs bills “right away” he meant, He can’t wait to be reelected and please pass on the jobs bill,  so he has something to run on. Just now, […]

Atlanta Woman alleges Herman Cain affair

Atlanta Woman alleges Herman Cain affair

An Atlanta woman, Ginger White has come forward  and  claims that  she and Presidential candidate Herman Cain had an 13 year affair.  Cain appeared on CNN Situation Room with Wolf Blitzer and related earlier in the day that there is a third woman who will make allegations of a sexual nature against him. Herman Cain, the GOP presidential candidate told CNN Monday. Cain says on CNN’s “Situation Room” that the woman […]

Supreme Court to hear challenge to Obama’s health-care overhaul

Supreme Court to hear challenge to Obama’s health-care overhaul

The Supreme Court of the United States has agreed to hear a challenge on whether the mandate that requires all Americans to have health insurance or pay a fine, which some call a tax, is constitutional.   A decision could come as early as June 2012 right in the middle of the re-election campaign.   26 states have challenged the mandate under the Commerce clause. The Affordable Health Care Act is the […]

Perry Campaign goes Flat – Proposes 20 Percent Flat Tax

Perry Campaign goes Flat – Proposes 20 Percent Flat Tax

Steve Forbes is back, but now he has a southern draw. Republican presidential candidate Rick Perry unveiled a sweeping economic agenda Monday highlighted by a plan to level a voluntary 20 percent “flat tax” on all taxpayers who will accept it in place of what they’re paying now. The plan, outlined in a Wall Street Journal op-ed column a day before the Texas governor was set to unveil it in […]

Perry to Proposes a National Flat Tax "So simple that even Timothy Geithner can file his taxes on time"

Perry to Proposes a National Flat Tax "So simple that even Timothy Geithner can file his taxes on time"

A revised version of this article appears here. Gov. Rick Perry of Texas said Wednesday that he would propose a flat tax next week as part of a tax overhaul program, signaling a new effort to separate himself from Mitt Romney and the rest of the Republican field. Mr. Perry signaled his intent in a speech to Republicans on Wednesday morning after Tuesday night’s brawl of a Republican debate. He […]

Democrats want Revisions to Obama Jobs Bill With a Tax on Millionaires – So forget "pass this bill right away"

Democrats want Revisions to Obama Jobs Bill With a Tax on Millionaires – So forget "pass this bill right away"

By the Way President Obama has been talking, you would have thought that it was Congressman Eric Cantor and the Republicans that were obstructing the Jobs Bill called the American Jobs Act. Obama also said the bill was paid for and would not cost Americans any money until 2013. Today we learned that Democrats don’t like the bill in it’s current form and want to pass a 5% tax on […]

In 2009 Democrats Fought AGAINST "Millionaire Tax"

In 2009 Democrats Fought AGAINST "Millionaire Tax"

From the YID With LID Sometimes it is really amazing how quickly politicians flip-flop. Anybody who hasn’t been on Mars or one of the outer planets during the past few weeks knows how the Congressional Democrats have been playing class warfare, setting up successful people as being selfish and not wanting to pay their “fair share” of Taxes. But back in 2009 it was a very different story.  During the […]

Democrat "super committee"  wants tax hikes first in deficit talks.

Democrat "super committee" wants tax hikes first in deficit talks.

It’s an Old Democrat trick.. Show us you are sincere and raise taxes first and then we will Cut spending.  Ronald Reagan fell for this as a Democratic Congress asked him to sign tax hikes under the promise that the Democrats would send spending cuts to his desk at a later date.  Reagan never saw those Tax cuts.  I submit that the GOP will never see real cuts from the […]