When Rep. Paul Ryan (R-Wis.), Chairman of the House Budget Committee, summarized his tax and spend plan, he used standard Republican rhetoric in explaining it.
Rep. Duncan Hunter (R-Calif.) is renewing his push for legislation that would amend how the federal government assesses the U.S. unemployment rate. When calculating national unemployment, the Bureau of Labor Statistics (BLS) currently omits those individuals who have given up looking for work, making the overall joblessness rate appear substantially lower than it actually is.
One of the big selling points of the Affordable Care Act (ACA), better known as ObamaCare, was that despite its massive new spending initiatives it would somehow reduce the federal deficit. But a new study by Medicare trustee Charles Blahous finds that absent repeal of major provisions of ObamaCare, the law could add as much as $527 billion to the deficit over the next decade.
The Obama administration is quietly steering about $500 million to the Internal Revenue Service (IRS) to help bolster the President’s healthcare overhaul, despite efforts in the Supreme Court to strike down the law. The half-billion-dollar transfer is only a snapshot of the IRS’s total ObamaCare implementation spending, and it is being siphoned outside of the traditional appropriations process.
Disregarding the concerns of many in his party and many of the citizens who elected him, Idaho Governor Butch Otter is headed back to China to continue courting the world’s largest communist regime and second largest economy.
Tax season is winding down once again, but the progressivity of the tax code is still with us. Most Americans who had more taxes withheld from their paychecks than they owe in taxes have already filed for their refunds. But not only did many Americans have no tax liability, some of them who didn’t owe any taxes to begin with still received a refund, all thanks to our Marxist tax code.
How long do politicians have to keep on promising heaven and delivering hell before people catch on, and stop getting swept away by rhetoric? Why should being in a professional sport exempt anyone from prosecution for advocating deliberate violence?
With gasoline prices climbing back up toward $4 a gallon, the President's health care reform in troubled constitutional waters, and job growth underperforming even the most pessimistic forecasts in the third year of an anemic economic expansion, no one should be surprised if the President's reelection team would like to change the subject. This year, "It's the economy, stupid" will likely not be the mantra for the Democratic presidential candidate as it was for Bill Clinton in 1992.
With Islamist extremists facing opposition as they consolidate their power within Egypt, the Muslim Brotherhood is looking abroad in the hope of gaining some unlikely allies. The Brotherhood’s Freedom and Justice Party may have reneged on its promise to stay out of Egypt’s presidential election, and has driven Coptic Christians off the commission charged with drafting their nation’s new constitution, but promises of business opportunities may win the support of foreign businesses that see an opportunity to make a profit.
Back in February when the Congress voted to extend the payroll tax “holiday” to the end of the year, the Washington Post was the first to notice the tsunami of tax increases coming next year. But then Lori Montgomery began to add up all the other taxes that will increase on January 1, 2013, and called it “Taxmageddon.”