taxes
Layoffs mount as the reality of a 2nd Obama term sinks in
By Tom Quiner Cisco Systems just slashed 1300 jobs. In New Jersey, a retailer of discount designer brands called Daffy’s is shutting down, eliminating another 1300 jobs. The U.S. banking industry said they’ll be laying off another 17,000 jobs this year on top of last year’s 64,000 eliminated jobs. Morgan Stanley is eliminating a 1000…
Read MoreTime for Obama’s rhetoric to meet reality
The fiscal cliff looms. Let us hope the two sides can work together as thinking adults to address the spending side of the ledger. Obama’s rhetoric may produce more gridlock.
Read MoreRomney critic challenges Obama
” … if politics is to retain any integrity, a line must be drawn at statements and innuendoes that are demonstrably false. That’s happened here. The Obama campaign has distorted the results of a study by the Tax Policy Center, a nonpartisan research group, and created a fictitious $5 trillion tax cut … “
Read MoreHow Obama opposes the essence of prosperity
By Tom Quiner Innovation breeds bounty. Youth is the juice of innovation. And a low capital gains tax rate opens the flood gates to prosperity. Barack Obama is working hard to slam the gates shut by undoing each of these truisms. Studies of human innovation reveal that our peak creative years are in our youth,…
Read MoreAn owner of a small business asks: “Are you kidding me, Mr. President?’
Simply watch the video. This guy speaks for millions.
Read MoreThe Obamacare “no tax” con
Obamacare stands. In a narrow 5-4 decision, the Supreme Court upheld the key “mandate” provision. The mandate is the funding engine of this sprawling piece of legislation. The public was never presented with a faithful account of what was in this bill. Rather, it was sold with smoke and mirrors. It was based on a con …
Read MoreTaxmageddon coming January 1st, 2013
Should we tax Americans an extra half a trillion dollars?
Read MoreDon’t let the president sucker you
The president and his party insist that tax increases on America’s most productive workers (aka “the rich”) are the only way to right our self-inflicted debt mess. Evidence suggests that is the worst thing we could do …
Read MoreThe challenge of tax simplification
I would love to see tax simplification. I am a C.P.A. and have difficulty preparing my own return using a computer program! Real income tax simplification means moving to either a low flat tax rate or to significantly lower progressive tax rates with very few, if any, exemptions and deductions. Income from all sources would be taxed under the same rate structure. It we did that, there would need to be thousands of pages of transition rules …
Read MorePaul Ryan’s responsible budget for working class America
Why were Republicans thrown out of office in 2006? Because they spent too much of taxpayer’s money. Why were Democrats thrown out of office in 2010? Because they spent too much of taxpayer’s money. Is there a lesson to be learned here?
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