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Healthcare Bill is Still a Budget Buster
2 hours ago ago from iWill Blog
The Heritage Foundation has an excellent post concerning exactly how the Senate's healthcare bill will actually add to the federal budget deficit. The post states the following: According to the Congressional Budget Office (CBO) , the amended Reid plan would reduce the federal budget deficit by $132 billion over the period 2010 to 2019, but that is a mirage. For starters, as CBO notes, the bill presumes that Medicare fees for ...
Related contentPlease, Please, Please Read What You Claim Supports Your Opinions!
14 hours ago ago from Liberty Reborn
Everyone that reads me on a regular basis knows that I support replacing the federal income tax with a national sales tax. I have even expressed more than lukewarm support for The FairTax which is, as a whole, a very good proposal but not without its flaws. The biggest flaw it has is that it is still a progressive tax that creates two levels of tax payers in America – those that pay taxes and those that do not pay taxes. This is all thanks to ...
Related contentPoll: 66% Favor Smaller Government With Fewer Services, Lower Taxes
1 day ago ago from NC Republican Party 7th Congressional District
According to a poll released yesterday by Rasmussen Reports , 66% of U.S. voters prefer a smaller government with fewer services and lower taxes over a more active government with more services and higher taxes. Only 22% prefer a government with more services and higher taxes. Eleven percent (11%) aren’t sure which is best. Some additional highlights from the poll: Democrats are more narrowly divided: 51% of Democrats favor a smaller ...
Related contentWant To Make Matters Worse?
23 hours ago ago from From On High
We are at a point in time when tax increases would crush any opportunity for a turnaround in the Obama economy here in Virginia. Yet Tim Kaine - Democrat - suggests just that - a massive tax increase - in the budget proposal he just sent to the legislature. He's leaving soon, right? Here's Lt. Governor Bill Bolling's response (from a press release) that I think is spot on: “In his budget the Governor has proposed spending reductions in ...
Related contentAP, Ohio Media, Gov. Strickland and Dems Call Double-Digit Retroactive Tax Increase a 'Tax Cut Delay'
15 hours ago ago from NewsBusters.org - Exposing Liberal Media Bias
On January 1, 2009, the final 4.2% stage of a four-year, 21% cut in individual income taxes took effect in Ohio. State tax withholding tables reflecting the lower rates went into effect. Ohio employees began seeing a bit more net pay in each paycheck. This past week, the state legislature, faced with an $850 million shortfall and threats of immediate school funding cuts by Governor Ted Strickland, repealed that 4.2% cut for both 2009 and ...
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Federal estate tax remains in flux
1 day ago ago from Washington Post - Politics
The federal estate tax is on course to be repealed for one year beginning in January, allowing heirs of large inheritances to temporarily escape the so-called death tax although a little-noted provision in the law would expose many smaller estates to higher tax liabilities. Senate Republicans blocked a Democratic attempt to temporarily extend the estate tax earlier this week, meaning that barring any unforeseen action the levy will ...
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