Articles tagged as

Taxes

Let’s Play Ball

If you believe the rhetoric Carol Seiu-Porter and Paul ‘Hot Dog’ Hodes are bulwarks of the middle class lifestyle and protectors of the elderly.  So what would they make of this, from a letter sent to Nancy Pelosi on Tuesday?

A number of tax cuts enacted in the past decade are due to expire at the end of this year. Our fiscal policy should be one that maximizes economic growth and private sector job creation. That is why we strongly believe that Congress should extend the current tax rates for dividend and long-term capital gains taxes…We [] have a responsibility to protect middle class families and seniors from harmful tax increases and their economic impact…

Many seniors depend on this income to supplement their fixed retirement income. A recent study found that in 2007 over 27 million tax returns had dividends qualifying for the reduced tax rate reduction. Of those returns, 61 percent were from taxpayers age 50 and older and 30 percent were from taxpayers age 65 and older.

Would they say it’s just a ploy by the authors to excuse an extension on tax cuts for the wealthy?   Could we expect promises to fix it, whatever it was that needed fixing, after the fact?  Or would they simply dismiss it and ignore the consequences to the elderly and those nearing retirement like they did with health insurance reform?

So what would they say if the letter was sent to Nancy Pelosi by 47 House democrats?

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The Lynch Budget Lie

Credit: Brookhaven National Laboratory 

A balanced budget is a technical term for making the numbers add up.  The amount you say you have to spend simply matches what you claim to have spent.  So if you borrowed some millions that you would later have to pay back, and you found a few hundred million more on the sidewalk (maybe in Washington DC), if it added up far enough to cover how much you spent, you could claim to have a balanced budget.

The difference is that being at zero, and owing tens of millions you never had is not balanced.  Add to that the reality that you now have a larger bill to pay every year but can’t expect to just find a few hundred million laying around every year, and you have what is called a structural deficit.  Your political lifestyle vastly exceeds your expected revenue.  Call it a state wide mortgage that exceeds our ability to pay it by hundreds of millions annually.

This is called incompetent.  It is also the Lynch budget.  And even though an account or two may have pulled in more revenue than expected, there is still a massive debt due in the next budget, created by democrats, and signed off on by John Lynch, with no money to pay for it..

Why else proceed in contradiction to the supreme court, on the politically poisonous path of robbing $110 million in private property unless you really need that 110 million to start stuffing the sink hole of a massive structural deficit.  And even if you get this one time money, where’s the line of suckers you plan to screw after you are done with them?

If we had a real surplus they wouldn’t need to rob the JUA fund.  They would drop the idea of selling off 60 million in state land.  In fact, they’d stop all the hand-wringing about the budget.  They have not.  The deficit is real.  And the democrats are to blame, and John Lynch and it is one more reason why John Lynch has been the governor for too long.

 

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Another New Hampshire Myth Busted!

Thirty nine democrats voted with republicans to hold off the adjournment, but the vote fell short, leaving the tax hikes on the books as the House leaves to defend two years of excessive spending, massive debt, the democrats unpopular health care plan, the failure to utilize Pay-Go as promised, the inability to even try and form a budget, repeated ethical lapses by liberal law makers, and a host of other ills that have driven their approval rating to historical lows.

Tax Cuts For The “Insert name here”

Don’t expect ShaHodeSheaPorter to wrestle with this conundrum; while running for office in 2008 they insisted that the Bush Tax cuts were "for the rich," or "the wealthiest Americans."  The class warfare rhetoric made the case that Republicans didn’t provide tax relief for anyone else, and the democrats promised to remedy this the moment they were elected.  The result was to embark on a multi-trillion dollar spending binge that cannot possibly be paid for without taxes on everyone and everything–though they still insist otherwise.

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I say Go Ahead–Run on that.

Democrats are trying to frighten people by insisting that we can’t go back to how things were when Republicans were running things.  And I can see their point.  They will certainly need to do better. But how wise is it to frighten people with the risk of 5% unemployment and budget deficits under 500 Billion … Read more

New Hampshire On The Potomac

Paul Hodes is trying desperately to change his image to that of a fiscal hawk and independent voice, but Paul has some monumental hurdles to get that line past the party base and into the general populace.  First, if he want’s anyone without Kool aid stained lips to buy into the fiscal song and dance … Read more

Where You Gonna Run?

Tidy Bowl Man get's his Union Bail outSeparation of powers was meant to divide the authority so that a process of checks and balances was created to protect the people from abuses of power.  This simple reality makes two things the democrats want you to believe impossible.

 

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By The Numbers

Have You seen how full of Sh*T I am?--It's all right here in this reportPaul Hodes is trying to restyle himself as a fiscal conservative.  As a Washington outsider.  But Washington outsiders don’t get huge campaign donations from the left wings senatorial elite Like Dan Inoyue, Harry Reid, Chuck Schumer and Bob Menendez. Paul Hodes does.

Fiscal conservatives don’t manage to come in 45th out of 435 in 2010 earmark requests.  Hodes did, then played at fiscal prudence, calling for reform only after having racked up more earmarks than 390 other House members.

In 2008 Hodes took a 10,000.00 dollar contribution from American Crystal sugar–a business looking for a way to break into ethanol production without burdensome upfront costs–the same year Hodes passed masive Ethanol hand-out farm bill mandates which he voted for, then overrode a veto to make it the law of the land.

Mr Hodes has the distinction of being in congress and voting for a budget and spending that resulted in a 400 billion dollar deficit, then campaigning as if he had nothing to do with, and then voting to triple that deficit to 1.4 trillion in the very next budget.

If you can believe it…there’s more on the jump.

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The Ruling Class Starts Beating the Drums…

We’re all going to hear a lot about this in the months ahead….

With government spending in Gusher Mode and with the U.S. teetering on the edge of a historic fiscal implosion leading to a full-blown depression (if we’re not there already), you KNOW the political/government/ruling class is searching desperately for ways to extract MORE MONEY from the productive/working/responsible classes. So….

The solution is obvious. In order to continue expanding government power, size, reach, intrusiveness, control, and ability to provide "essential services" and "stimulus" in order to "create jobs," the time has clearly come to institute a…wait for it…FAT GOVERNMENT tax!

Heh. Read all about it:

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Yes Virgina, There Is A Tax Man

Hodes Will Shake You DownThe first thing you have to understand is that to support Mr. Hodes position on letting tax cuts expire you have to be of the opinion that your property is only yours because the government allows you to keep it.   This is a pillar of democrat fiscal policy.  It explains why they berate anyone who dares allow a disfavored class to keep their own earnings.  The phrase "irresponsible tax cuts" or any similar rhetoric, proliferate throughout the lefts discourse.   So at its core the Hodes position is that the legal acquisition of wealth is little more than a royal indulgence that could expire at any moment.  Put more simply, democrats cannot believe in individual property rights which should be a problem for anyone running for elected office in a constitutional republic but for some reason has not been a significant impediment.

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Get it Off Me Man!

I think I'll Name it PaulThere is ample evidence that Paul Hodes toes the line, is a Kool Aid drinker, and a reliable party hack.  Each effort to sell himself as having fiscal integrity or ethics is met with an abundance of contradictory evidence.   So to suggest that he is an independent thinker lacks veracity unless you mean independent from reality.  To further demonstrate this break Hodes spokesman Bergman (not Ingrid but Mark) defended his paymaster from a recent attack on his record. (From the Union Leader)

Hodes spokesman Mark Bergman said Hodes voted for the stimulus to boost the economy and save jobs. Bergman disputed the ad’s claim that the government took over health care.

“We don’t believe it’s a trillion- dollar takeover,” Bergman said yesterday. “We’re arguing that this is an outside group that has helped Kelly Ayotte’s campaign. She’s getting another Washington establishment bailout.”

Bergman said Hodes voted for federal cap-and-trade legislation because he believes it will reduce the country’s dependence on foreign oil and lead to alternative energy jobs in New Hampshire. 

Mr. Hodes doesn’t even know what is in these bills so what they "believe" is irrelevant. And that’s actually the point.

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This Tax is your Tax, This Tax is My Tax….

TaxThe democrats economic agenda uses rhetoric and class warfare to get you to believe things that are not true.  The biggest of these sins regards taxes–it is the biggest because they cannot possibly run their huge government without your money.

And that’s part one of the lie.  It is your money.  Weather you are a dishwasher or a CEO you made an agreement to do a job for compensation, whether it’s sweeping a floor or creating wealth for a corporation.  Your work, your property.  So when the left talks about repealing tax breaks all they are doing is talking about resuming more theft of someone else’s property.

The second part of that lie is that they can produce a method by which only the rich are taxed.  While the definition of rich will always change as the need for more of other people’s property increases to pay for more and more government,  consider that every tax in a free market is a tax on everyone else.

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The Cost Of Education

When something doesn’t work, and you are a democrat, well you just keep doing it.  These graphs come to us courtesy of Andrew J. Coulson at Big Government.

Graph one Public education employees vs. student enrollment numbers.

Way out of wack@

Graph number two–on the jump–is the inflation adjusted cost of public K-12 education (that’s taxpayer dollars spent) compared to achievement levels.  (I hope you are ready for this.)

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Cost of Government Day

According to the Center for Fiscal Accountability, New Hampshire residents work 226.8 days to pay for the cost of government this year. So go ahead and celebrate. Everything you earn after August 14th is technically yours to keep.
Who would have thought they’d let you keep 138.2 days worth of income from a years worth of work? What a bargain.

How Many Employees Do You Have?

After posting this on Wednesday–the discovery that New Hampshire has the third highest number of welfare employees per 100,000 residents in the nation (More than California by the way which, if you noticed is a tiny bit bigger than New Hampshire)–it occurred to me that this may not be the only circumstance in which the … Read more

Under Norelli’s Rule

Guh!?Yesterday Terie Norelli celebrated my Birthday by taking to the pages of the Keene Sentinel to talk about what a great job the New Hampshire democrat party has been doing with the state.  One of the things she’d like you to believe is that they have created (or saved?) a job friendly environment that has allowed the Granite State to recover more quickly than other states.  But is that really true, and do democrats have anything at all to do with it?

It is a matter of fact that under the left New Hampshire has grown the size of state government and its regulatory nature.  They have increased taxes and fees.  While Ms. Norelli opines all the additional regulations they have added to inspire growth in the job market—and thus the economy—this is like someone handing you a tiny cup of water to put out a raging fire they started and then expecting you to thank them.

About the only thing they can claim is having inherited an ages old State formula that used to create jobs and growth.  One they have tinkered with to the point of destruction.  And things are not–as Norelli would like you to believe– heading in the right direction.

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Ann McLane Kuster….Let’s just Call Her McLuster

Uh Hee hee, duh!Ann McLane Kuster, aside from having another one of those pretentious feminist names like Carol Seiu-Porter, has demonstrated to us that she is just another shill for the left wing narrative.  The road map to shill-dom (the most current public version at the very least) was printed in this morning’s Union Leader under the headline “Yes, The Bush tax cuts did harm our economy” in the Another View section of the editorial page.  Yes, it is another view, and while I’m no fan of GWB, her view just happens to be a biased view that is also wrong.

 

Before I explain why, let me get this out of the way.  I’m not writing ‘Ann McLane Kuster’ anymore. It is pretentious and annoying, it takes too long to write, so I’m just going to shorten it to McLuster.    And she should thank me.  Combining names is so “all the rage.”  Just think Brangalina! 

McLuster is also the first of a two–word phrase often used by McDonald’s mangers when everything suddenly comes off the rails.  And based on the way she “sees it,” it’s a short stumble from her rhetorical notion of economics to another full-blown federally-mandated McLuster- %$#@!

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Told You So

photos-of-extinguished-cigarette - Tobacco taxes in danger thanks to ObamacareDemocrats raised the cigarette tax to raise revenue in their race to the bottom with neighboring states.  And back in April I pointed out what every conservative already knows; that raising the tax will cost the state money.

Raising cigarette taxes will reduce overall revenue from that tax, decrease visits, lower average purchases per visit, provide no secondary or tertiary retail advantages, and give people fewer reasons to visit our state to buy other items.   This will just exacerbate the deficit problem by eroding revenues further, just like the scores of the other tax and fee increases we’ve enjoyed under the tenure of the Lynch administration

In this mornings Nashua Telegraph, in one of those “not worth a whole article” News digest blurbs , we learn that the good people of Maine are smoking more and buying their cigarettes in New Hampshire less.  The theory goes that the increase in the New Hampshire cigarette tax has reduced the price benefit to the point where it is no longer worth making a special trip.  There’s no way to know exactly how much it will cost New Hampshire but according to the blurb Maine sales are up 20%. (TWENTY PERCENT!)

Here’s what else I said back in April…

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