Archive for the 'Taxes' Category

Why do we pay taxes?

Governments tax people.  They always have.  A good question to ask, though, and one we haven’t seen asked lately is — what’s that money for?
The Founders had an idea about what taxes were for.  In the Constitution Art. I, Sec. 8, they spelled out the purpose behind taxes:
The Congress shall have Power To lay and [...]

A new kind of politics

When the going gets tough, the candidate of hope and change, the one who assured us we’re in for the era of “a new kind of politics,” starts rolling around in the dirt and barking out the same old Chicago thuggery:
“Sen. McCain bragged about how as chairman of the Commerce Committee in the Senate, he [...]

From the McCain campaign to the world

The McCain campaign is giving substantive responses to the attacks the Obama campaign is leveling against it:
TO:                 Interested Parties
RE:                Empty Words And Insults Cannot Cover A Weak Record
DATE:            September 15, 2008
Over the last few days, the Obama campaign has watched their poll numbers falter and decided to lash out with personal attacks against Senator McCain [...]

Beneath the gobbledy-gook, an implied concession about taxes *UPDATED*

Wow!  Unless I’m very confused, beneath all the O-babble here, Obama is conceding that low taxes benefit the economy:
Democrat Barack Obama says he would delay rescinding President Bush’s tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.
Nevertheless, [...]

Obamanomics

As nice a summary as any I’ve seen of the practical effects of the proposed Obama tax plans:

But here’s the thing: It’s not that Mr. Obama hasn’t been specific enough in his governing plans. To the contrary, he has been very specific about his tax policy, health-care and energy proposals. It’s that voters are paying [...]

The Obama tax plan in a nutshell

Jack Kemp and Peter Ferrara on Obama’s tax proposals and how they’ll affect all of us:
Obama has proposed increases in every major federal tax. He has proposed to increase individual income taxes, with the top rate to rise to almost 40 percent. He has proposed to increase the top capital-gains tax rate by 33 percent. [...]

When Exxon does well, we all do well

Forget Exxon’s “greedy” shareholders.  The New Editor reminds us (which is something the MSM overlooked), that when Exxon does well, we all do well.

What is the “ideal” tax rate?

Hi, this is DQ, and I have a question that I know Bookworm’s readers will have an answer to.  I read a story today that said that next year’s federal deficit will hit a new record.  Now, conservatives (with Bookworm leading the charge) always say that the answer to closing the deficit is to reduce taxes [...]