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Keyword: taxes

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  • Top Democratic lawmaker says NJ’s a mess: ‘I’m not raising taxes — I’m done’

    11/18/2018 6:41:11 PM PST · by Coleus · 39 replies ^ | 11.11.18 | David Matthau
    TRENTON — The state's top Democrat in the Legislature wants New Jersey voters and taxpayers to rise up and say: We're mad as hell and we're not gonna take it anymore!  State Senate President Steve Sweeney, D-Gloucester, who assembled a bipartisan economic and fiscal policy work group that issued recommendations this summer for pension and budget reforms, said that it’s become crystal clear that changes must be made because “our pension and health care system is not sustainable anymore, and raising taxes in this state is not the answer. This is a state that has a tax problem.”He said state...
  • Dear Santa, Please Bring Cuomo, de Blasio Copies of Trump’s 'Art of the Deal'

    11/16/2018 7:11:28 PM PST · by Kaslin · 6 replies ^ | November 16, 2018 | Assemblywoman Nicole Malliotakis Assemblywoman Nicole Malliotakis
    Like many New Yorkers, I want Amazon to come to our state and its job creation to benefit our residents. You'd be hard pressed to find a city or state in America that would not welcome the economic activity created by capitalism. But the announcement by Governor Cuomo and Mayor de Blasio that Amazon will receive $3 billion in our tax dollars in exchange for making Long Island City its new headquarters left fiscal policy wonks scratching their heads and taxpayers holding the bag. Despite some unfriendly policies adopted by Mayor de Blasio and Governor Cuomo over the years placing...
  • The Property Tax Meltdown

    11/15/2018 10:44:20 AM PST · by Galatians328 · 55 replies
    Citylab ^ | Nov 14, 2018 | Laura Bliss
    Big-box retailers such as Walmart, Target, Meijer, Menards, and others are suing small-town assessors and high-court judges to accept the novel argument that their bustling big boxes should be valued like vacant “dark” stores—i.e., the near-worthless properties now peppering America’s shopping plazas.
  • Top GOP Research Firm ‘Ready to Examine’ Oprah

    01/10/2018 5:58:55 AM PST · by RoosterRedux · 33 replies ^ | Brent Scher
    *snip* The Washington Examiner‘s Philip Wegmann labeled Winfrey a "gold mine of opposition research," pointing to stories such as the time advice given on her show led a woman to decide against receiving cancer treatment due to a belief she could be healed through "positive thinking." The Washington Post similarly published an article titled, "Oprah might run for president. We did the opposition research for you." It pointed out issues such as her close friendship with Harvey Weinstein, many years of child sex abuse at a school Winfrey founded in South Africa, and her comments that old people "have to...
  • The Top Four Reasons California Is Unsustainable

    11/10/2018 2:08:03 PM PST · by RedMonqey · 81 replies
    Forbes ^ | Apr 19, 2018 | Thomas Del Beccaro
    California is a place unlike any other on the Globe. It boasts perhaps the greatest natural resources of any state along with shining high-tech industries. However, like many good economic stories, government policies threaten its future. Indeed, its government has made California unsustainable. Of course, it wasn’t always this way. As the 1960s came to a close in California, it had a population of nearly twenty million. In the decade before, its economic strength afforded the construction of a vast State Water Project and higher education system that was the envy of the world. Matched with a majestic and trade...
  • California voters reject repeal of state gas tax and vehicle fee increase

    11/07/2018 11:09:03 AM PST · by C19fan · 52 replies
    LA Times ^ | November 7, 2018 | Patrick McGreeby
    Proposition 6, which would have repealed an increase in California’s gas tax, failed to win the majority vote needed for passage on Tuesday after Gov. Jerry Brown warned it would halt urgent repairs to the state’s crumbling roads and bridges. Brown, who leaves office in January, said after the first vote tallies were announced that it was important that the initiative be defeated for the future of the state. “This is one of the most significant votes in America tonight, because where else have people voted to tax themselves to pay for what they need?” Brown said to cheers at...
  • Why America is Increasingly Divided (And James Madison Would Have Predicted It)

    11/07/2018 9:41:58 AM PST · by Pining_4_TX · 4 replies
    The Independent Institute ^ | 11/06/18 | Lawrence McQuillan
    In 1925, President Calvin Coolidge famously said that the “chief business of the American people is business.” Today, however, this could be reworded as “the business of the American people is redistribution.” And government redistribution of income and wealth—violations of personal property rights—is tearing apart the social fabric of the country. Today more than half of Americans receive more money from government transfer* programs than they pay in federal taxes. When a majority of people benefit, on net, from government transfers and its growth, a tipping point is reached where pulling back is increasingly difficult, if not politically impossible.
  • Skin in the Game

    11/07/2018 9:31:36 AM PST · by Kaslin · 7 replies ^ | November 7, 2018 | Walter E. Williams
    In describing the GOP tax cuts, House Minority Leader Nancy Pelosi said that they and bonuses American workers were getting were "crumbs." They were "tax cuts for the rich." Some argued that the tax cuts would reduce revenues. Pelosi predicted, "This thing will explode the deficit." How about some tax facts? The argument that tax cuts reduce federal revenues can be disposed of quite easily. According to the Congressional Budget Office, revenues from federal income taxes were $76 billion higher in the first half of this year than they were in the first half of 2017. The Treasury Department says...
  • You don't have to give Trump the credit but his economy is soaring

    11/05/2018 4:45:27 AM PST · by calvincaspian · 21 replies
    The Boston Herald ^ | 11-05-2018 | Herald Staff
    The economy is roaring. On Friday the Bureau of Labor Statistics released the jobs report for October. It exceeded expectations. We are seeing the best wage growth since 2009, when we were crawling out of the recession. In October, 250,000 jobs were added to the economy. The unemployment rate held at 3.7 percent — its lowest level since 1969. The average hourly earnings increased at a 3.1 percent pace, year over year. That is the strongest wage growth since April 2009. More people are working than in any time in recent memory and employers are having trouble filling positions.
  • IRA contribution limit lifted for the first time in six years

    11/01/2018 9:34:03 AM PDT · by Tell It Right · 17 replies
    MarketWatch ^ | 11/1/2018 | Steve Goldstein
    The limit on annual contributions to an IRA has increased to $6,000 from $5,500 for the 2019 tax year, while the limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased from $18,500 to $19,000.
  • Repubs Promise Pivotal and Permanent TaxCuts /w TaxCuts 2 Bill While Dems Propose Perpetual TaxHikes

    10/31/2018 1:39:02 PM PDT · by davikkm · 3 replies
    IWB ^ | Bob Shanahan
    For those out there still thinking of voting Democrat on Tuesday, let me remind you what Republicans have in store for next year: Tax Cuts 2.0. A month ago, the GOP-controlled House of Representatives passed the second phase of the tax cuts following the December 2017-passed Tax Cuts and Jobs Act. The main piece of the three-bill package is a measure that would extend and make permanent the individual tax cuts implemented almost a year ago. Under current law, the individual cuts are set to expire after 2025. Though these significant tax cuts would balloon the deficit even more, it...
  • Flashback: 2003 - The sorry tale of George Soros

    10/28/2018 3:09:46 PM PDT · by GraceG · 17 replies
    Jewish World Review ^ | Dec. 2, 2003 | Jackie Mason & Raoul Felder
    The jester and the advocate don't take kindly to self-hating Jews There was this movie with Peter Sellers in which he played a character who was — with all this political correctness floating around, we don't know the appropriate phrase du Jour — perhaps it is — "mentally challenged", but who everybody thought was a great genius. At a press conference he was asked what he thought of China. He paused, bowed his head and slowly said, "China is full of Chinese." The reporters nodded their heads in awe and murmured, "Full of Chinese. Hmm.", remarking to each other how...
  • A Band of Nuns Campaigns against Tax Cuts...and the Unborn

    10/24/2018 7:37:39 AM PDT · by SeekAndFind · 17 replies
    American Thinker ^ | 10/24/2018 | T.R. Clancy
    There's a bus full of Catholic nuns tootling around the country – final destination: Mar-a-Lago and a "Fiesta for the Common Good" – spreading the social justice gospel that individualism is "an unpatriotic lie." Detroit News columnist Bankole Thompson reports that "NETWORK, the Catholic social justice group in Washington, D.C., led by Sister Simone Campbell, has long been answering the call of prophet Amos" about the widening gap between rich and poor. Sister Simone's Nuns on the Bus tour is now making its way through 21 states, calling attention "to policies that are hurting the poor including tax cuts that...
  • Of course, Jared Kushner isn't paying taxes — he's making a loss

    10/24/2018 6:48:47 AM PDT · by SeekAndFind · 15 replies
    Washington Examiner ^ | 10/24/2018 | Tim Worstall
    The New York Times tells us that Jared Kushner paid "little to no" income tax from 2009 to 2016. Yes, Kushner is very rich. But not paying income tax is actually pretty reasonable given that on the numbers presented, Kushner has been making a loss. We tend to try to tax positive incomes, not negative ones. That’s not how it’s presented by the New York Times, but it is the crux of the matter. The details are here. The Guardian reliably supplies the outrage here. I'll explain what they don’t: On the numbers presented it’s quite right, at least...
  • Can Florida Afford a 'Governor Andrew Gillum'?

    10/23/2018 5:03:27 PM PDT · by BenghaziMemoriam · 28 replies
    Sunshine State News ^ | October 17, 2018 | Nancy Smith
    James Madison Institute's just-released analysis of the two main governor candidates' economic platforms could wither a cactus. Most of us realize Ron DeSantis and Andrew Gillum have wildly contrasting economic plans, but I don't think we ever truly understood how much our choice on Nov. 6 could cost Florida and affect Floridians' way of life, perhaps for generations. Ron DeSantis' platform would maintain Florida’s status as a low tax state and a national economic leader; Andrew Gillum's "would cost $2.6 billion in additional state taxes, not including his support for Medicare-For-All, which will raise taxes significantly more" and put Florida...
  • A Hidden Plan to Stick Taxpayers with Billions in Student-Loan ‘Forgiveness’

    10/23/2018 7:59:46 AM PDT · by SeekAndFind · 35 replies
    National Review ^ | 10/23/2018 | By JASON DELISLE & CODY CHRISTENSEN
    The Aim Higher Act would let borrowers out of loans they could afford to pay back. Should the Democrats regain control of the House of Representatives in November, their largely unnoticed plan to forgive billions of dollars in student loans at taxpayer expense will be on the agenda. Many borrowers with the means to repay would qualify. The plan was devised by the top Democrat on the education committee, Representative Bobby Scott (Va.), as part of the Aim Higher Act, a reauthorization of student-aid programs. And earlier this month a group of Senate Democrats led by Jeff Merkley (Ore.) introduced...
  • Dems = Mobs, Illegals, Tax Increases, GOP = Jobs, Legals, Tax Cuts...period!!!

    10/20/2018 4:22:38 AM PDT · by JLAGRAYFOX · 18 replies
    The headline tells the whole story, folks, Vote for any Democrat, and you will get "Uncontrolled & Violent, Mobs, Tons of Illegal Aliens, deadly, Criminal sorts, Murderers, Rapists, Thieves, Drug Dealers of all types and, tons of Tax Increases, & bloated, running wild, big criminal, inefficient, government, across the board". Vote for any Republican, and you will get good, high paying Jobs, only Legal, Fully Vetted Immigrants, and, of course, Tax Cuts...across the spectrum of the nation. Bottom Line: Folks, you better wakeup, because the Democrat Party, nationwide does not only to be defeated in this upcoming Mid-Term Election, it...
  • Facebook co-founder wants to repeal Trump tax cuts to pay for a $500 per month basic worker income

    10/18/2018 7:30:53 AM PDT · by 2ndDivisionVet · 76 replies
    CNBC ^ | October 18, 2018 | Berkeley Lovelace Jr.
    • Facebook co-founder Chris Hughes says the federal government could give U.S. workers a stipend of $500 per month by repealing the Trump tax cuts. • Hughes, an advocate for a basic income, argues that less than a third of Americans have reaped the benefits of the president's tax cuts. Facebook co-founder Chris Hughes said Thursday the federal government could give U.S. workers a stipend of $500 per month by repealing the tax cuts passed late last year. Hughes, author of "Fair Shot: Rethinking Inequality and How We Earn" and an advocate for a basic income, argued that less than...
  • How the candidates for governor would fix the traffic mess (Connecticut)

    10/17/2018 10:51:47 AM PDT · by Tolerance Sucks Rocks · 13 replies
    The Connecticut Post ^ | October 13, 2018 | Bill Cummings
    More than 300 bridges in Connecticut — carrying 4.3 million vehicles daily — are considered structurally deficient. Highways in the Bridgeport-Stamford area are so congested motorists waste 49 hours a year in bumper-to-bumper traffic. And 62 percent of Connecticut’s major roads are in such poor condition they cost motorists $681 annually in vehicle repairs, according to TRIP, a national transportation think tank. Given those challenges, the three men seeking to replace Gov. Dannel P. Malloy could be making transportation the centerpiece of their campaigns. But instead, these candidates for governor are offering mostly modest plans to fix the state’s infrastructure...
  • VIEW FROM AROUND THE STATE: Time to get real about roads and revenue

    10/17/2018 6:52:53 AM PDT · by Tolerance Sucks Rocks · 12 replies
    The Daily Reporter ^ | October 16, 2018 | The Associated Press
    f you want good roads, you have to pay for them. It’s not just the politicians in Madison and Washington, D.C., who have failed to learn that lesson. It’s the people of Wisconsin, too.