Articles tagged as

Taxes

Democrat’s Say The Dumbest Things

Uneployment lineThe current Democrat class war is like punishing the advantage of literacy to pay for the economic misfortunes of people who refuse to learn how to read or simply do not read well.  People whose only fault is having succeeded are somehow responsible for people who have not.  And the Professional Left (and their amateur useful idiots)  will go to any length to make the point, reinforcing the popular right wing adage, "Democrat’s do say the dumbest things."

Take Merrimack’s political village idiot, Fred Morse.  In this mornings Sunday News Morse, who carries the lefts water in the print news at every available opportunity, made the following statement.

If there were any verifiable data that the richest were actually job creators in any substantial sense, that would be the lead story of FOX News every single night of the year.  So when someone says that the idle rich are job creators, they are either misinformed or attempting to mislead the public.

I’m not sure if FOX actually uses the words ‘Rich people create jobs’ (I don’t typically watch any television news) but I’m reasonably sure they talk about business, finance, markets, capitalism, investments, and all their productive and beneficial side effects.  These are the mechanism for creating wealth and for creating jobs.  So not only are they (FOX) talking about it, the very existence of jobs proves the point; that investment of time and money by free people creates jobs and that by extension people who chose to create jobs by starting a business can become wealthy.

Read more

God Bless Peter Schiff!

He gets right in the middle of the "Occupy Wall Street" kids (of all ages), and just Strikes Them Dumb! Just by asking a few questions! Lenin called liberals "useful idiots." These people are Obama’s "useful occupiers." After seeing Mr. Schiff on the front line of the battle, I pulled out his book published last year "How an Economy … Read more

MAGGIE “THE MARXIST” HASSAN IS RUNNING

“Ask anyone committed to Marxist analysis how many angels on the head of a pin, and you will be asked in return to never mind the angels, tell me who controls the production of pins.” ­—Joan Didion

Maggie_The_Marist_Hassan_GROK.jpg

 Defeated Democratic state Senator Maggie Hassan made it official today that she will be running for governor in 2012. In her usual hokum, Hassan touted the typical big government solution to prop up the economy. As reported in the Union Leader, Maggie the Marxist, “stressed the need to create jobs by “investing” in education and job training programs and by fostering a business climate that attracts innovative small businesses and new technologies.” Translation: “investing” equals big-government spending and solutions…equals heavy taxation to raise such revenues. Such notions were brought with her as a carpet-bagging “massplant” to the Granite State. 

The Union Leader reported that “Maggie the Marxist” pledged to be a fiscally responsible governor who would veto any sales or income tax and commit herself to a balanced state budget.“  This is laughable given her extensive record as a State Senator.  My fellow Blogger Steve MacDonald absolutely nailed it on back October 5th when he wrote:

  Hassan is a left wing, government first, spend then tax Democrat who wants socialized medicine, supports abortion from conception to birth (also here), and was more than willing to trample on opponents with the “Sullivan/Hassan Hates Speech (the left can’t control) amendment.” (also here, and here, …)  She is also willing to lie about her opponents to get re-elected.

Read more

10 Golden Rules of Effective Taxation

Obama on "effective" taxation:

GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, "I certainly would not go above what existed under Bill Clinton," which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.

…

GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.

So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.

…

GIBSON: But history shows that when you drop the capital gains tax, the revenues go up.

Fairness?  A very subjective judgement – another Hope and Change, which is not something on which to base public policy revenues.  This is when things go off the rails – when tax policies enforce ideologies instead of their main purpose – to fund the essential functions of government.  I’d rather go with something much more objective.  To the rescue- Art Laffer on Effective Taxation (Rich States, Poor States, 4th edition, ALEC.ORG):

1. When you tax something more you get less of it, and when you tax something less you get more of it.

2. Individuals work and produce goods and services to earn money for present or future consumption.

3. Taxes create a wedge between the cost of working and the rewards from working.

4. An increase in tax rates will not lead to a dollar-for-dollar increase in tax revenues, and a reduction in tax rates that encourages production will lead to less than a dollar-for-dollar reduction in tax revenues.

5. If tax rates become too high, they may lead to a reduction in tax receipts.  The relationship between tax rates and tax receipts has been described by the Laffer Curve.

Read more

Left Wing “Fair Tax” In Trouble?

It is no secret that the Granite State Fair Tax Coalitions (GSFTC) is a hive of left wing Democrat tax and spend socialists trying to hide behind a so-called bi-partisan front group.  It is run by leftists (here and here), colludes with leftists, and seeks to advance Democrat party tax policy under the false notion that our current system of taxation in New Hampshire is some how not fair.

But the evidence continues to confound their false narratives.

Despite the GSFTCs misrepresentation of facts and the spinning of data to mislead, whatever our tax system is in New Hampshire, it continues to provide a better quality of opportunity than any other state in the Nation.  The US census reports that New Hampshire has the lowest poverty rate in the country.

Well how the hell did that happen?  I thought things were so unfair here?  How could our "unfair" tax system still allow for the best economic environment for people to thrive in?  And in this lousy economy to boot?  We have the lowest poverty, one of the highest standards of living, and one of the safest to live in as well.  Could it be because our current system also provides one of the lowest overall tax burdens in the country as well?  Can we argue that low overall tax burden–the result of our so-called "unfair" system of taxation, is somehow more effective at keeping people above the poverty line than any other state in the country?

Hell yeah.

Read more

OCCUPY WALL STREET FOR DUMMIES

“In hindsight it may even seem inevitable that a socialist society will starve when it runs out of capitalists.”  —Larry Niven

Occupy_Wall_Street_For_Dummies2GROK.jpg

How does one become an Occupy Wall Street Protestor? A quest for understanding in a somewhat complicated topic. Why? Because there are some who seem to demonstrate a modicum of intelligence and articulate usage of the language when the camera is rolling. And, there are some who dress reasonably normal (normal meaning, no obvious hygiene challenges, maintaining a groomed appearance). Those folks are in the vast minority. And certainly it would not be an accurate statement to say these slackers are all “youth generational.” The camera has caught some old enough to be peers of my parents.

But the task at hand is an immediate one. How do I blend in? How do I become an OWS protestor. I suppose I should start with something superficial. Ah yes! you say, “Things aren’t always as they appear.” and how right one might be to make such a characterization. But any good leftist will tell you, honesty is a relative term. “Your views are your views.”  Kind of akin to calling people racists because they don’t like Obama… Yet, when it is pointed out that these same “racists” like Herman Cain, the argument shifts to, “you only like him because he gives your racism cover.” Rank dishonesty is the domain of the left. And outward appearance is what we first see from our friends in the lame stream media.

As a segue into my OWS protestor journey, I neither shave nor shower for an extended period of time. (if I wish to wholly embrace this slacker look, I don’t brush my teeth, either..If a casual observer spies a chive stuck in my teeth when I smile, I have arrived) It is important to engender that, “rail against the establishment” appearance. Smelling ones’ own smell, is sufficient validation one has achieved parity with the OWS appearance.

Read more

SHORT BUS ECONOMICS

“Imagine a political system so radical as to promise to move more of the poorest 20% of the population into the richest 20% than remain in the poorest bracket within the decade? You don’t need to imagine it. It’s called the United States of America.”  —Thomas Sowell The collective voice of “Occupy Wall Street” has … Read more

That Rich Bastard Who Is Screwing The Teachers Over Is Actually…

There is a graphic going around, no doubt becasue of the OWS class-warfare hippy-fest, that asks why we wold cut teachers pay 20% instead of asking millionaires to give a little more.    This is of course dishonest on several levels.

A few quick observations. No one is asking teachers to give up 20% of their wages and I challenge anyone who pays school taxes to find me an example of it.  The job creators already front 70% of all taxes from which teachers are paid so if anyone needs to pony up it is the rest of us.  And most importantly, the problem isn’t the wealthy it is the federal government.  Since Obama took office the Department of Education’s budget has gone from 35 Billion a year (That’s BILLION), to 70 Billion. ($70,000,000,000.00).  That’s 389 million per school day if you run on a 180 day calendar.

The rich bastard that is screwing teachers is not on Wall Street.  The richest bastard of all is the US Government’s Department of Education.

Read more

NH Wind Farm Project Comes With Inside Deal Making?

NH Wind and Jeanne Shaheen KickbacksThere is a major Wind farm project underway in Coos county.  The principle players are GraniteWind, which is owned by Brookfield Renewable Power and a company called Freshet Wind Energy. (more on them in a moment)

Brookfield has gotten press recently because Brookfield Properties (same company) owns Zucotti Park where the #OWS hippies are hanging out.  Mayor Bloomberg girlfriend sits on Brookfield’s board, and George Soros and some other big Democrat Donors are heavily invested in Brookfield, which has just received a $168 million dollar Federal Green energy loan for the New Hampshire Wind farm project courtesy of the US Department of Energy, which was lobbied by the firm run by Joe Biden’s son, Hunter.

Just about everyone is short stroking that set of circumstances, and it is far too convenient to seem like a random coincidence, but there is a New Hampshire connection that is far more interesting if you just take the time to dig a little bit deeper.

Read more

Obama Finally Builds Bi-Partisan Coalition!!!

I may be jumping the gun here, but I believe that Mr. Obama will achieve that which he has been calling for for years. Democrats and Republicans will come together today to form a bi-partisan coalition…

NH Dems Endorse Obama Tax Increase

As reported in the Union Leader Ray Buckley and the State Democrat party would like people to call members of congress and encourage them to support Mr. Obama’s tax on investors and job creators so Democrats can fund public sector union jobs and keep the dues-donations rolling in.  They also support the push to defer millions in social security revenues on to the shoulders of our children, though Buckley words it differently.

The plan would cut the payroll tax that 30,000 New Hampshire small businesses pay, provide tax relief for families, funding for police, firefighters and teachers, school building improvements and transportation projects in the state.

This entire effort is another organized scam to fund unions and Democrat campaigns, in the run up to November 2012, at taxpayer expense.  The payroll tax cut is a useless gesture, not a cut but a deferment, so what we have is more of the same catastrophic economic policy that has kept us in a recession and on the brink of collapse for three years now.

Read more

Democrats Reject Obama’s Jobs Bill

Yesterday provided another clear example of President Obama and other Democrats blaming others for their own failings.  For a month Democrats have blamed Republicans for not passing President Obama’s “jobs” bill.  But, yesterday when Republicans pressed for a vote on the bill, Senate Democrats prevented the vote. 

President Obama lies when he blames Republicans for failure to pass a jobs bill.  Even Democrats know President Obama’s bill is unacceptable, full of wasteful spending and increased taxes, intended only to give a failing President a campaign tool for fooling ignorant voters.  

Read more

Revenue Prediction

No, I’m not going to guess how New Hampshire will fare on tax revenue. I am going to predict how democrats will respond to the news of a surplus and business tax revenues over estimate.

Jeanne “Central Planner” Shaheen

Jeanne Shaheen The Central Planning MachineThe Union Leader has done us a service these past two days by exposing Governor Shaheen for who she is.   In back to back staff editorials we see that her priority is to filter money through the hands of distant bureaucrats rather than find ways to keep it in New Hampshire in the first place.

Her supporters will say, as they did with the earmarking debate, that we need these kinds of representatives "to get our money back from Washington."  But I have always said, would it not be better if we had representatives who just worked harder to keep it here?  Why must it leave in the first place?

It must leave so our former governor can brag on her press page about how she has helped bring money into the state for this or that.  And this or that is always from a list of benefactors and favorites of the political left.  And that is why she cannot leave the money in state where it belongs.

Read more

I’d Like To Give A Tax Cut To Public Sector Employees

As I understand it public sector employees pay taxes too. I’m quite sure I’ve heard that somewhere. So if they paid for their benefits and pensions right out of their paychecks, like most of the rest of us have to do. They’d automatically give themselves a tax cut.

Smoke Em or Eat Em

Cigarette Taxes up in smokeDemocrats thought they had something for a minute.  After the GOP majority reduced the cigarette tax the revenue didn’t shoot right up the next day.  It actually did not shoot up the first month either.  Naturally this made knees jerk all over the party headquarters and the muttering began about how decreasing the tax forced us to reduce valuable government services.  (Women, children, and public union employees hit hardest.)

The media permitted them their druthers, for good or ill, and it became a matter of public record that the NHDP had embarked on a nah-nah told you so PR campaign about taxing tobacco products.

Then tobacco revenues went up.  They went up 1.8 Million ahead of plan last month.  What was more important was that this increase ended what the NH House majority claims was a five year downward trend.  2011 minus five carry the tax deduction…well, since just about the time the democrat majority experiment began. (And hey, someone please call Rep Christine"Nostradamus" Hamm, D-Hopkinton, and rub it in her face.)

So why bring it up?  One  month, 1.8 million over plan, not that much really.  I mention it because Big Government.com just posted a piece that references data from the CDC and other sources on the ongoing futility of using cigarette taxes as a source of state revenue.  Smoking is still on the decrease, which is good.  I count myself among the legions of former smokers, though cost was not then a factor.  The number of cigarettes smoked per day is down, which is also good but reductive from a revenue perspective.  And a majority of cigarette tax increases never really produce the expected revenue.  This is partly due to the affects of taxation, and to some degree due (apparently) to smuggling.  High taxation and regulation lead to illegal behavior–which adds costs to deal with the "crime " created by them–so feel free to postulate the downsides yourselves; but raising taxes is no guarantee of more revenue, so I think it is time for another discussion about tobacco taxes, and why we need a long term plan to cut them until they are not taxed at all.

Read more

Obama’s “Bride Of Stimulus” Speech

I wasn’t going to bother, but when you have a title like “Bride of Stimulus” you have to run with it. And that is exactly what that speech was. To quote every democrat’s greasy palm card from 2007/2008, what we have here is…”the same old failed polices of the past.” Or what I referred to on twitter as “same old whore new dress.”

New Hampshire Exceptional, Yet Again.

Stopping the spending and the out of control growth was and is exactly what you need and want from your US congress, but cannot yet achieve with a Democrat Senate and a Democrat President. And you will never get it as long as the left controls any those parts of your Federal government.

Share to...
BufferCopyFlipboardHacker NewsLineLinkedInMastodonMessengerMixPinterestPrintRedditSMSTelegramTumblrVKWhatsAppXing