Newsbusters posted an exchange between the jovial Mississippi Governor Haley Barbour and the extremely biased Chris Matthews. The video seems to have disappeared but they have the transcript. Barbour explained to Matthews that the “payroll tax” is the Social Security tax which was never supposed to be welfare and Matthews had nothing to say but to agree! This is great! Read the rest of this entry »

As Obama rises in the polls, the Stock Market dives even deeper. Can anyone blame investors for wanting to pull their money out of America when they’re being promised higher taxes? The Democrats, whose very policies send companies and jobs overseas, have the gall to run on a platform of creating jobs.

The New York Post recently reported on An Obama Panic.

Overall, his plan includes some of the most lethal tax increases imaginable, including a jump in the capital-gains rate. He’d expand government spending massively, with everything from new public-works projects to increases in foreign aid to a surge in Afghanistan - plus hand out a token $500 welfare check that he calls a tax cut to everyone else.

I don’t really see how that is going to help “Main Street”. Obama promises to be kind to small businesses, but Investors Business Daily warns that small business isn’t safe from Obama’s tax plan. Read the rest of this entry »

Had enough of the He said He said on taxes? Here’s a comparison. If you don’t accept the numbers scroll down to the bottom and check the links for comparison or use your own.
Before you go any further though, remember this.

When you wake up in the morning to the electric alarm clock, the your electricity bill had a tax on it. When you brush your teeth your water bill has a tax on it. Sitting down for you morning Joe (no not the MSNBC one) the coffee paid a tax to cross the border and get put on the shelf. Stop at the local gas station you pay a hefty tax on each gallon. Your employer pays a tax to be in business, occupy her property, and employ you (half of your FICA is paid by the employer and half by you), When you turn on the TV in the evening the cable bill has a tax, if it’s off air the FCC gets a fee for the channel. When you call your mother and check on her the phone bill has a tax. And when you send little Johnny to camp his arrows don’t have a tax, but the targets do.

From the time you go to bed to the time you get up you are paying taxes, even when you are asleep the fuel that heats or cools your house is taxed. If any politician tells you they will ease your tax burden be skeptical. Obama says he won’t raise taxes on the middle class, but he will let those evil George Bush tax cuts expire. There may be a way to claim that isn’t increasing taxes but the argument seems pretty slim to me.

We are all going to pay more tax. The question is, “Which candidate will reduce spending so they won’t go up so much?” When you pull the lever in the voting booth in a few weeks will it sound like a cash register ringing?

Read the rest of this entry »

Philp Klein asked Obama’s campaign manager, David Plouffe, about Barack Obama’s promise to cut taxes on 95% of Americans. Let’s not forget that about 40% of Americans already pay no federal income tax. Plouffe said he would have to get back to him.

Since Barack’s campaign manager couldn’t offer specifics, he thought he’d pose the question to Obama’s senior strategist David Axelrod. Read the rest of this entry »

Barack Obama has taken the old adage of buying votes with the voter’s money to a new level by applying a simple form of mathematics. The equation states that you can afford to alienate 5% of the voting public by promising to use their money to pay the remaining 95% for their votes. This may sound somewhat dishonest but if you couch it in the rhetoric of taxing the wealthy to help the middle class it becomes much more palatable.

Obama also employs the new English to go along with the new math. Once again he evokes the 95% figure and says that this percentage will get a tax reduction. If roughly 45 million tax filers have no tax liability, according to the IRS, how can they reduce their income tax?  Well you have to use the new math and the new English and then it all works out. Tax reduction is the new welfare.This must be what Obama calls education reform. Read the rest of this entry »

Matt Towery finds it ironic that Warren Buffett and Bill Gates support Barack Obama, who wants to increase their taxes. In his piece A Very UnAmerican Answer to Solving Our Financial Woes he describes a “soak the rich” tax plan that a lot of middle class conservatives could get behind.

He points out how Bill Gates and his wife control a charitable foundation that distributes billions of dollars to help people around the world. They have control over where the money is spent and they are lauded for their philanthropic activities. Towery has a better idea. Read the rest of this entry »

I’m more confused by Barack Obama’s tax plan than ever.

He says he will lower taxes on 95% of Americans. But about 40% of Americans don’t pay federal income tax. That means when he raises the tax on the top 5% he’ll simply give the money to the 40% who pay no income tax and call it a rebate. How will he pay for his new programs if he just turns around and gives any increased revenue away? Read the rest of this entry »