A “bipartisan” task force recently unveiled a budget plan that includes lots of tax increases, but also has a one-year payroll tax holiday supposedly designed to boost the economy. In a debate with a former Bush Administration appointee on CNBC, I explain why this is…
Daily Analysis
Exposing Warren Buffett’s Dishonesty and/or Innumeracy on CNBC
I get nauseated and disgusted when guilt-ridden wealthy people try to come across as friends of the common man by endorsing soak-the rich taxes. I’ve even debated a couple of self-loathing trust fund babies (see here and here) about class-warfare policy. If neurotic…
Hungary Joins the Flat Tax Club
Every since the current government won a landslide election, there’s been a widespread assumption that Hungary would be the next nation in Europe to hop on the flat tax bandwagon. Well, the assumption has become reality. Here’s a report from Tax-news.com.
Another Tax-Hike Scheme from another “Bipartisan” Group of Washington Insiders
I’ve already commented on the proposal from the Chairmen of President Obama’s Fiscal Commission (including a very clever cartoon, if it’s okay to pat myself on the back). Now we have a similar proposal from the so-called Debt Reduction Task Force. Chaired by former…
Obama’s Proposed Payroll Tax Increase Is a Growing Threat
Back during the presidential campaign, Barack Obama proposed several tax increases. Some of those tax hikes, such as the proposed higher income tax rates on investors, entrepreneurs, small business owners, and other “rich” taxpayers, have received a lot of public…
Who Has the Best License Plate?
A friend sent me a photo of a license plate she saw yesterday. I heartily agree with the sentiment. But I still think my license plate is better because it covers everything. Does anybody have a better choice?
Co-Chairmen of Obama’s Fiscal Commission Unveil Real Tax Increases and Fake Spending Cuts
I have many pet peeves, but one that causes me endless frustration is the Washington “spending cut” scam. This happens when politicians increase spending, but claim that they’re cutting spending because they previously had planned to make government even bigger. The…
Our Tax Dollars Are Funding Bureaucrats Who Advise Congress that Higher Taxes Increase Prosperity
I’ve already written about the terrible work of the Congressional Budget Office. The CBO did an awful job on the stimulus, for instance, repeatedly asserting that diverting money from the private sector to government somehow would create jobs. CBO also was a disaster…
Debunking White House Pro-Tax Increase Propaganda
The White House recently released a video, narrated by Austan Goolsbee of the Council of Economic Advisers, asserting that higher tax rates on the so-called rich would be a good idea. Since Goolsbee’s video made so many unsubstantiated assertions and was guilty of so…
Global Taxation: An Idea so Terrible that Even the Obama Administration Is Opposed
The old saying that “two wrongs don’t make a right” is especially true in the field of public policy. A good example is the crazy new proposal from the United Nations to collect billions of dollars by imposing global taxes on financial transactions and energy. That’s…