In today’s political climate of big government, big spending and big taxes, it’s important to recognize when someone in Congress stands up and gets it right. Senator Jim DeMint did just that recently when he proposed an amendment, to the current tax extenders bill being debated, that would permanently extend the Bush tax cuts on […]
read more...American taxpayers are not the only ones getting ripped off by lavish pay and perks for bureaucrats. The Daily Mail reports on a new study about public sector pay in the United Kingdom: Public sector employees work nine years less than their private sector counterparts but are paid 30 per cent more, a bombshell report […]
read more...I don’t often agree with the statist president of the European Commission, but Mr. Barroso may be right when he warns that some nations are at risk of descending back into dictatorship. But while he may be correct in his diagnosis, his proposed solution is more of the policies – redistribution, handounts, bailouts, and subsidies […]
read more...UK Chancellor George Osborne is expected to include a sharp increase in Britain’s capital gains tax when he unveils the emergency budget on Tuesday. Preparing for this, British citizens are acting to take advantage of the lower rates while they still can: A string of share deals worth nearly £400m were disclosed yesterday as company […]
read more...The former communists running Russia apparently understand tax policy better than the buffoons in charge of U.S. tax policy. Not only does Russia have a 13 percent flat tax, but the government has just announced it will eliminate the capital gains tax (which shouldn’t exist in a pure flat tax anyhow). Here’s a passage from […]
read more...President Andrew Jackson is believed to have said that “One man with courage makes a majority.” Well, let’s hope this statement also applies to women. The incoming Prime Minister of Slovakia, Ms. Iveta Radicova, has the power to stop the corrupt and misguided European bailout scheme. At one point, Irish voters had the power to stop […]
read more...The Center for Immigration Studies recently put out a study arguing that immigration has had negative effects on California. One of their measures was a comparison of how many people in the state were receiving some form of welfare compared to other states. I found that data (see Table 3 of the report) very interesting, […]
read more...The competition to be the Greece of America has a lot of contestants. California and Illinois certainly are strong candidates. New Jersey was an early favorite, though Gov. Christie is actually doing some good things and pulling the state back from the precipice. But let’s not forget New York. Here’s an excerpt from a Wall […]
read more...Regular readers know that I am a big supporter of international tax competition as a mechanism to limit the greed of the political elite. Unfortunately, the statists are having some success in their efforts to undermine the fiscal sovereignty of low-tax jurisdictions. Even the Swiss have been forced to weaken their human rights policy of […]
read more...New Jersey’s $10.7 billion budget deficit is the second highest among all U.S. states. With New Jersey already facing one of the worst economic outlooks in the country according to ALEC’s “Rich States, Poor States,” newly elected Governor Christie has promised not to raise taxes. He’s already once vetoed a new tax on millionaires passed […]
read more...