In his weekly address today, President Obama laid out what sounded like a very compelling argument for raising taxes. However, he was deliberately misleading about the impact of increasing taxes on small businesses.
Tag Archive: taxes
Things That Won’t Work: Taxing the Rich
Last week, President Obama again suggested that his opponents in Congress are holding up economic progress because they won’t raise taxes on “the rich.” So, I decided to a do a little bit of math.
Is the Middle Class Really In Trouble?
I’ve heard almost constantly from people on the left side of the political sphere that the middle class in the United States is in a crisis. President Obama and other Democrats have drawn an increasingly bleak picture of the outlook of the middle class. In 2009, President Obama stated that “middle class Americans have been working harder, yet not enjoying their fair share of the fruits of a growing economy.”
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Payroll Tax Holiday and Government Shutdown
The payroll tax holiday extension and a bill to avoid a government shutdown are big news around the country, as partisanship appears to be crippling Washington yet again. But, in what is becoming more and more commonplace, there is breaking news from the Associated Press that the two top leaders in the Senate may be nearing a deal.
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How I Agree With Occupy Wall Street
While the Occupy Wall Street movement may not have a very coherent message as a whole, there are some messages that stand out more than others. Some of these messages I agree with, some I don’t. One message of the Occupy movement that I wholeheartedly endorse is one that calls for the cutting of special tax cuts and deductions from the tax code.
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If You Tax Something, You Get Less of It
I hear it time and time again. Liberals say, “Let’s raise taxes on the rich people. Just a little bit.” Then, conservatives answer, “If you raise taxes, you’ll drive people and businesses away.” We’re going through this right now in Illinois. In January, the Illinois state legislature raised the individual tax rate 66%, and raised the corporate income tax rate 49%. Do higher tax rates actually drive people and businesses away? Or is this just conservative fear-mongers beating their fear drum?
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Weekend Reads – May 21, 2011
Here are four articles/posts from this week that you should read. These are the best of the best of what I’ve read in the areas of politics, economics, Christianity, and leadership:
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