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Washington in a Flash: Same Old, Same Old in Obama’s Deficit Plan
Driving the conversation: President Obama released his deficit reduction plan on Monday, which would reduce the national debt by $3 trillion over ten years through a variety of tax hikes, superficial...
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‘Buffett Rule’ Tanks in California, Is Bad News for Tech Startups
President Obama is touting his new mega tax on millionaires–a.k.a. “the Buffett Rule”–as the best thing since sliced bread (or since his plan to spend $447 billion on more stimulus), but not everyone...
View ArticleTop 10 Reads: Sept. 30, 2011
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Leave Google Alone – Bob Barr, The Daily Caller Obama jobs plan: More bureacrats – The...
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In Pictures: How Much the Top Earners Already Pay in Taxes
America has heard a lot of talk about the “Buffett Rule” — President Barack Obama’s plan to make the tax code more “fair” by permanently raising taxes by $1.5 trillion over 10 years, with most of the...
View ArticleCongress Should Stop Subsidizing Warren Buffett’s Health Care, Not Increase...
Reports have surfaced that conservatives in Congress may propose further increasing income adjustment in Medicare to lessen the program’s insolvency. This is a great idea. While the left continues to...
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Chart of the Week: Top 1 Percent Paid 38 Percent of Federal Income Taxes
President Obama used his State of the Union address Tuesday to outline his idea of fairness. To put it simply, that means redistributing wealth by raising taxes on the most successful Americans. “If...
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The Numbers Are in, and the Buffett Rule Comes Up Short
President Obama’s infamous “Buffett Rule,” which would set a 30 percent minimum effective tax rate for families and businesses with incomes greater than $1 million, would raise a paltry $47 billion...
View ArticleThe Buffett Rule is a Calculated Distraction from Obama’s Failed Leadership
What do you do when you’re losing a debate? Change the subject. That’s really all you need to know to understand President Obama’s resuscitation of his infamous “Buffett Rule” that would impose a...
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Morning Bell: Buffett Rule 101
President Obama traveled to Florida yesterday to distract the nation from its real problems by laying out his case for the Buffett Rule, a plan to drastically raise taxes on successful Americans and...
View ArticleVIDEO: Santelli Speaks the Truth on Obama’s Buffett Rule
Back in February 2009, CNBC’s Rick Santelli launched a nationwide firestorm when he spoke out from the floor of the Chicago Board of Trade about the federal government run wild and President Obama’s...
View ArticleOnline Chat on Taxmageddon and the Buffett Rule
Taxmegeddon is coming. No, it’s not April 15th, but in 2013, there will be massive tax increases that will raise taxes by $494 billion. Does President Obama want to talk about that? No. Just as he...
View ArticleObama Is Claiming Reagan, Again
Yesterday President Obama tried to sell the “Buffett Rule” under a new moniker: What Ronald Reagan was calling for then is the same thing that we’re calling for now: a return to basic fairness and...
View ArticleMorning Bell: Tax Gimmicks, Tax Doom
The U.S. Senate could vote today on the gimmicky distraction known as the Buffett Rule — President Obama’s plan to raise taxes on wealthy Americans and job creators in order to supposedly bring...
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Picture This: The Buffett Rule vs. Obama’s Budget
President Obama says his “Buffett Rule” — which imposes higher taxes on wealthy Americans and job creators — will help “stabilize our debt and deficits for the next decade.” But if you compare how...
View ArticleMorning Bell: What Tax Day Could Feel Like in 2013
In addition to today being Tax Day, it’s also, coincidentally, “Tax Freedom Day” — meaning that it has taken from January 1 until now for Americans to earn enough money to pay this year’s federal,...
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Henry Ford: No Model P(rogressive)
President Obama has a new role model for his Buffett Rule tax—Henry Ford. It’s an odd choice considering that Ford advocated free-market capitalism and opposed redistributive policies. Despite the...
View ArticleWarren Buffett Wrong Again on Tax Increases
As we approach the “fiscal cliff,” there was little doubt that famed investor and self-appointed political sage Warren Buffett would pipe in at some point with his periodic call for higher taxes on his...
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Senate Sequester Plan: They Can’t Be Serious
Photo credit: Newscom The Hill newspaper demonstrated a keen knack for understatement today with its account of Senate Democrats’ $110 billion sequester replacement proposal: “The bill would appear to...
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The “Buffett Rule” Returns
Newscom President Obama’s so-called Buffett Rule just won’t go away. It is back in its latest iteration because Senate Democrats proposed it to partially offset the soon-to-begin sequestration spending...
View ArticleThe Obama Budget: Heritage Experts’ Analysis
Minimum Wage President Obama’s budget proposes raising the minimum wage to $9 an hour. This would hurt the very workers the President wants to help. When the price of something rises, people—both...
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Damaging Policies Add Up to $1 Trillion Tax Increase in Obama Budget (UPDATED)
Brendan Smialowski/AFP/Getty Images/Newscom UPDATE: The official total tax increase in President Obama’s budget is now available in the Treasury Department’s “Green Book.” Treasury scores the total net...
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Morning Bell: 5 Things to Know About the Obama Budget
President Obama finally released his budget yesterday—more than two months late. Heritage experts immediately went to work analyzing the mounds of new spending on education, manufacturing, “clean...
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Top 1 Percent Pays Effective Tax Rate Nearly Three Times That of Middle Class
Newscom New data from the Congressional Budget Office (CBO) show that President Obama’s much-discussed Buffett Rule, which would require families earning more than $1 million a year to pay an effective...
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