Archive for the ‘Tax’ Category

…up front. I’m easily amused.

…is what a California school will be paying for a $100 million loan.
Why is this state broke? Don’t ask me. Just listen to David Spady.

…that the media and the Republicans are letting slide.
I’m personally sick of this lying douche bag. I can’t stand listening to him anymore, I know that the majority of what he says is bullshit and the media are kissing his ass and letting him get away with blatant lies.
Let’s look at this most obvious lie.

The President: “President Bush’s “tax cuts for the rich” cost the government so much tax revenue that this added to the budget deficit — so that the government cannot afford to allow the cost of letting the Bush tax rates continue for “the rich.”
First off, whenever the tax rates have been lowered, revenue has gone up. Every time some idiot Democrat raises the taxes on the “rich” revenues go down. The CBO screws this up every time they try to predict the revenue that it expects to get. They think that by raising taxes, revenue also rises. That’s demonstrably false. The Democrats are too stupid to look at the history of this country and how this works. Keynesian economics is a grand failure, each and every time it has been tried, yet the morons in the liberal party continue to try it, with the same resounding failure as the last time it was tried.

Cut taxes, cut spending. That’s the secret to getting America back on track. It’s so simple, yet the 535 idiots in Congress and the head idiot in charge can’t figure it out.

Cries of “racist” in 3, 2, 1…

I’ll let Thomas Sowell tell it.

Obama Plays Chicken
His priority is to increase government, and he’ll sacrifice the economy for it.
By Thomas Sowell

One of the big advantages that President Obama has, as he plays “chicken” with congressional Republicans along the “fiscal cliff,” is that he is a master of the plausible lie, which will never be exposed by the mainstream media — nor, apparently, by the Republicans.

A key lie that has been repeated over and over, largely unanswered, is that President Bush’s “tax cuts for the rich” cost the government so much tax revenue that this added to the budget deficit — so that the government cannot afford to allow the cost of letting the Bush tax rates continue for “the rich.”

It sounds very plausible, and constant repetition without a challenge may well be enough to convince the voting public that, if the Republican-controlled House of Representatives does not go along with Barack Obama’s demands for more spending and higher tax rates on the top 2 percent, it just shows that they care more for “the rich” than for the other 98 percent.

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…and this is a video released by the Senate Minority Whip.
Obama and the Democrats will destroy small businesses with their stupid policies.
This is what you morons voted for? Thanks a lot assholes.

…before he was for higher taxes.

Warren Buffet is a douche bag. He’s been wonking about the tax rate and how it should be low since 1963. Now Obama gives him a medal and he starts kissing Obama’s ass by espousing for higher taxes on the rich. Since he’s already a billionaire about 40 times over, that shit doesn’t hurt him, just the rest of America that would like to get there.
Raising taxes on the rich will not solve our deficit problem. In fact, if Buffett gave every penny he had, he couldn’t keep the government running for very  long.

Raising taxes will not fix the deficit problem. It’s never been a ‘revenue’ problem, it’s a spending problem, always has been.

Let’s explore:

Buffett’s Billions Can’t Buy Him Exemption From His Tax-Averse Past
By Daniel Shuchman

Having a net worth over $40 billion may command some authority and attention for one’s views on economics and taxation.  But it should not buy one an exemption from basic logic, intellectual integrity, or consistency.

Such seems to be case with Warren Buffett, who yet again took to the op/ed pages of the New York Times this week to call for higher taxes on citizens earning more than $500,000.  The idea that higher income people should pay more in taxes, whether born of a desire for greater progressivity and/or a desire to raise more revenue, is certainly a legitimate viewpoint.  However, any serious person espousing such an argument should be expected to address several basic questions:  What will the standard of fairness be?  How is it to be determined that any particular income group is paying its “fair share?”  And if taxes are to increase, whether to address the deficit or for “fairness,” what degree of negative impact on economic growth and investment is one willing to tolerate?  Regrettably, the recent presidential campaign featured much demagoguery but few answers.  Mr. Buffett is no more illuminating.

The so-called Oracle of Omaha begins by making the manifestly absurd assertion that tax rates do not influence investment behavior.  Astonishingly, Mr. Buffett claims that when he was a fund manager, “never did anyone mention taxes as a reason to forgo an investment opportunity….”  “Only in Grover Norquist’s imagination,” he derisively contends, do investors adjust their plans based on the prospects for taxation.  Such statements defy economic logic.  The amount and nature of taxation, whether of the income stream generated by a particular investment, or that levied on interim dividends or capital gains realized upon the disposition of an asset, must be among the many complex factors considered by any rational investor in assessing the relative merits of an investment opportunity.  If this proposition is not self-evident to you, you can go straight to the authority himself.

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…then anyone who has ever donated to the Republican Party should cease to do so in the future. Not one fucking dime. Since the RINO fever has struck these idiots in the House and Senate, then we as donors should cease all donations to that Party. Invest your money on a Party that will actually represent your interests. The Republicans ain’t it.

Brent Bozell is saying as much:

A prominent conservative activist and fundraiser is reportedly threatening to steer donors away from the Republican Party if GOP lawmakers agree to raise taxes.

Brent Bozell, founder and president of conservative watchdog group Media Research Center, sent a letter to Republican National Committee (RNC) Chairman Reince Priebus on Wednesday promising to advise conservative donors to shun the party if its leaders in Congress sign a deal to raise taxes, The Hill reports.

Bozell — who is also the chairman of ForAmerica Inc., a Virginia-based nonprofit — has been active in conservative political circles for three decades and estimated he has raised hundreds of millions of dollars for a litany conservative causes.

“Reince, it pains me to say this, but if the Republican Party breaks its word to the American people and goes along with President Obama with tax increases, it will have betrayed conservatives for the final time,” Bozell wrote. “I will make it my mission to ensure that every conservative donor to the Republican Party that I have worked with for the last three decades — and there are many and they have given tens of millions to Republican causes — gives not one penny more to the Republican Party or any member of Congress that votes for tax increases.”

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…says Mitch McConnel.
We need to hold them to their word.
If the Republicans cave on this, the ones that vote for it need to be shit canned.
Unfortunately, Americans have a shorty memory when it comes to politics. Just look at the recent elections.

Ace has an excellent breakdown of the vote. 12% of voters made up their mind in the last week.

Obama is a failure and Americans failed in their duty to keep America a free republic.

Senate Minority Leader: No Tax Hikes
by Ben Shapiro

With conservatives across the country concerned about a rumored Republican cave-in in Washington, D.C. over tax policy, Senate Minority Leader Mitch McConnell (R-KY) is speaking out. Read his lips: no tax hikes.

McConnell said in an exclusive statement to Breitbart News:

One issue I’ve never been conflicted about is taxes. I wasn’t sent to Washington to raise anybody’s taxes to pay for more wasteful spending and this election doesn’t change my principles. This election was a disappointment, without doubt, but let’s be clear about something: the House is still run by Republicans, and Republicans still maintain a robust minority in the Senate. I know some people out there think Tuesday’s results mean Republicans in Washington are now going to roll over and agree to Democrat demands that we hike tax rates before the end of the year. I’m here to tell them there is no truth to that notion whatsoever.

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