Taxes

Tax Increase Campaign Item 3: Wars Cost Money And Rich Must Pay, MI Senator Levin Tells Bloomberg

taxes

At this point, there should be little doubt that there is a concerted attempt underway to use the war in Afghanistan as a justification for punitively taxing high earners.

Last weekend (noted at NewsBusters; at BizzyBlog), the New York Times discovered that wars cost money. It cited Wisconsin Democratic Congressman David Obey's concern that funding the Afghanistan effort at the level requested months ago by General Stanley A. McChrystal would "devour virtually any other priorities that the president or anyone in Congress had."

Thursday, as reported by AFP (noted last night at NewsBusters; at BizzyBlog), House Democratic heavy-hitters Barney Frank, John Murtha, and (no surprise) Obey announced the "Share The Sacrifice Act of 2010," an income-tax surcharge that overwhelmingly targets high-income earners.

Now Michigan Democratic Senator Carl Levin has weighed in. Bloomberg dutifully carried his water, as seen in this graphic containing the first four paragraphs of the report:

AFP Writes Up Proposed Tax With 'Next to No Chance' of Passage to Set Stage For the Real Thing

AfghanWarAFPphoto1109

You've got to hand it to the propagandists at the AFP. When heavy-hitting members of the party they favor announce an idea whose main purpose is, as the New York Times suddenly "discovered" last weekend, to remind people that wars cost money and distract from supposedly more important priorities, the wire service leaps into action.

Even AFP acknowledges that the tax proposal by several top-tier Democrats has no chance of becoming law. But again, that's not the point. Their proposal's purpose is to remind people that spending money on wars supposedly takes money out of the mouths of children and other living things, even those in non-existent congressional districts, and to attempt to make the climate for increasing taxes in the near future more favorable.

Here are key paragraphs of the unbylined report (bolds are mine):

Health Care Poll-Cooking: AP Headlines 'Tax the Rich' Finding, Ignores Opposition to ObamaCare, Other Key Items

CookingWithAP1109That the Associated Press's basement-level poll-cooking and poll-reporting standards are quite low, and quite agenda-driven, might as well be an article of faith by this time.

But the wire service-commissioned poll on health care, and Erica Warner's report on it (saved here for future reference, fair use, and discussion purposes; HT JammieWearingFool via Instapundit; the full poll report in PDF format is here) plumbs new depths of partisanship while making errors of both omission and commission.

Warner and AP want the big takeaway to be that taxing "the rich" is the idea the public overwhelmingly favors to pay for ObamaCare -- never mind that the same public also opposes the plan itself.

What follows is a graphic containing selected paragraphs from Werner's report:

AP Parrots GM's Comparative Tease of Not Comparable 'Financials' Coming Monday

GovernmentMotors0609In the alternative universe known as Government/General Motors Land, you can:

  • Talk about how your financial results are going to be better than last year's and in the next breath caution that the numbers won't be comparable.
  • Inform the public that the financial information to be released on Monday isn't going to be prepared in accordance with generally accepted accounting principles (GAAP), and is going to simply skip about 3-1/2 months of activity that will apparently never be reported, even though your majority-owning government forces your publicly-held competitors and every other publicly-held company to prepare full-blown financial statements under those same GAAP rules.
  • Tell the world that you're a private company, even though the federal government owns a majority of your stock (in effect making you more of a public company than any other public company around), and thereby insist that you're doing the world a favor by releasing any financial information at all.

In the alternative reporting universe known as the Associated Press, you parrot these points without questioning whether they are correct, proper, or even less than fully transparent.

Here are key paragraphs from that Wednesday unbylined AP report (bolds after title and footnotes are mine):

We Wish: AP Report Falsely Claims National Debt Is 'Accumulation of Annual Budget Deficits'

red_inkIn a report that is so riddled with bias and factual errors it's hard to know even where to begin, Associated Press Writers Tom Raum and Andrew Taylor yesterday gave making President Obama look like a born-again deficit hawk their best shot.

The pair's work is partially saved here for fair use, discussion and in this case entertainment purposes.

The biggest error Raum and Taylor made was publishing the following "we wish it were true" statement:

The national debt is the accumulation of annual budget deficits. The deficit for the 2009 budget year, which ended on Sept. 30, set an all-time record in dollar terms at $1.42 trillion.

Well, Tom and Andy, using this readily available tool, if that's the case, why was the national debt on September 30, 2008 $10.02 trillion and then $11.91 trillion on September 30, 2009? That's a difference of $1.89 trillion, a whopping $470 billion more than the past year's $1.42 trillion deficit.

The answer is, sadly, that the national debt is NOT the accumulation of annual budget deficits, as shown in the graphic that follows:

Big Brother and PC In Holland: A Mileage Tax That Varies on Car Type and Time of Day Driven

mmatters/gas-tax_100177492_sIn what is presented to readers of an Associated Press report as a done deal, the Netherlands will impose a mileage tax on drivers beginning in 2012. It goes beyond most if not all other government-imposed taxes in that it will charge more during so-called peak times or if a vehicle is considered a heavier polluter.

The abolition of two other taxes is apparently the mechanism for enticing the Dutch into acquiescing to this intrusive arrangement.

Media bias watchers will not be surprised to know that the AP's unbylined Saturday report saved the government's overhyped promises for the report's second-last paragraph, and the tax-detailing punch line for the final one.

Here are some excerpts (bolds are mine; I believe that "mike" in the first paragraph refers to "micrometer"):

Though Alarming, AP's Report on October Deficit Still Misses the Big, Ugly Picture

http://i739.photobucket.com/albums/xx40/mmatters/uncle-sam-broke.jpgIt might seem odd, given its content, that I'm about to criticize yesterday's Associated Press report on the deficit.

After all, AP business writers Martin Crutsinger and Daniel Wagner did give us the facts about Uncle Sam's October Monthly Treasury Statement, put them into historical context, and told us that we face $1 trillion-plus shortfalls in fiscal 2010 and 2011.

But the pair missed a couple of receipts-related items that would have hit readers right between the eyes if noted, and would have indicated just how dire the government's financial situation has become.

The first omission: Collections of corporate income taxes were negative, as the government paid out an astonishing $4.5 billion more in refunds to corporations than it collected. The second: In a month mostly unaffected by individual estimated payments (these are normally paid in April, June, September, and January), year-over-year collections of individual income taxes were down by 29%.

Here are the key paragraphs from Crutsinger's and Wagner's coverage:

Networks Silent on President's Violation of Pledge Not to Raise Taxes on Middle Class

The media gave President Obama credit during the campaign for promising not to raise taxes on the middle class. He was on the trail in New Hampshire when he made a "firm pledge" not to raise taxes on any family "making less than $250,000 a year."

Obama is doing his best to break that promise, but the network news media haven't bothered to report it. On Nov. 6 when he endorsed the tax increase-laden health care reform bill that the House of Representatives passed on Nov. 7, Obama violated his pledge.

While Obama had offered broad generalities supporting various health care reform bills under consideration in the House and Senate, the Nov. 6 statement was the first time he threw his weight fully behind one piece of legislation.

NYT's Krugman Quotes 1960s Song Proving ObamaCare Opponents' Point

220px-Buffalo_springfield_2Isn't that Paul Krugman clever? The title of his latest op-ed ("Paranoia Strikes Deep") quotes a line, presumably deliberately, from a 1960s protest song many consider one of the opening shots in that decade's protest movement.

Before he got cute with his title, Krugman should have gone to the song's full lyrics, as they only serve to prove that what he describes as paranoia is, based on what is in HB 3962 (or was, if excised at the last minute), really very justifiable concern and fear. Or maybe he read the lyrics and was too dense to appreciate their meaning in the current circumstances.

The song that apparently inspired Krugman's column title is "For What It's Worth," a 1966-1967 mini-hit by Buffalo Springfield. The album containing the song peaked at #80 on the hit charts; my recall is that the single made it to the mid-30s.

That band featured Neil Young, Stephen Stills, Richie Furay, Jim Messina, and Dewey Martin. A YouTube of their lip-synching Smothers Brothers appearance is here.

Here are a few paragraphs, otherwise known as insults to our intelligence, from Krugman, commenting on the crowd that gathered last Thursday to protest the House's statist health care bill. I'll follow it with the song's final lyrical lament that destroys Krugman's diatribe:

NBC Highlights Plight of Overtaxed Californians After Withholding Increase

On Sunday's NBC Nightly News, correspondent Chris Jansing filed an unusual report which took a sympathetic look at California taxpayers who are having trouble affording a recent increase in the amount of taxes withheld from their paychecks, as she described the situation as taxpayers "footing the government an interest-free loan, and a lot of people aren't happy about it."

The NBC correspondent used several soundbites of average Californians -- one man even earning minimum wage -- who complained about the situation, with one man comparing the government to a "mafia," and another seeing the government as being like children who think their parents are an endless source of money.

Bartiromo Predicts Bush Tax Cuts Extended, Worries U.S. Not on the 'Ascent'

There's a lot of uncertainty with the U.S. economy and a lot of its recovery hinges on some key policy decisions due from the federal government. 

On CNBC's Nov. 2 "The Kudlow Report," CNBC host Maria Bartiromo discussed her interview with former Chairman of the Federal Reserve and Obama adviser Paul Volcker from the Global Financial Leadership Conference in Naples, Fla. One of the topics Bartiromo reported on from the conference was the possibility the Bush tax cuts would be allowed to expire, which she insisted is unlikely.

Maddow’s Hypocrisy: Fox Not a 'Normal News Channel' Due to Tea Party Promo; MSNBC Promoted Health Care Rallies Weeks Earlier

Big shock here - MSNBC's Rachel Maddow agrees with the White House, which is the Fox News Channel is not really a news organization.

Sarcasm aside, on her Oct. 23 MSNBC program, Maddow attempted to justify the Obama administration's tack over recent months with Fox News. She laid out a series of events over the past few days that indicated an escalation of the feud between Fox News and the White House, specifically an effort to exclude Fox News from the White House pool.

"Well yesterday the White House said that Fox would not be among the networks invited to interview Ken Feinberg in one of these round-robin pool interviews and the other networks came to Fox's defense," Maddow reported. "They said they would bow out of interviewing Mr. Feinberg's themselves unless Fox was included, so Fox was included."

Additional Video Below Fold

BBC Climate Correspondent Opens Eyes, Starts Walking Back Global Warming Baloney

EarthNASAHow well I remember it. In April 2006, when Bob Carter, in a UK Telegraph op-ed, observed that there had been no warming of the earth since 1998, global warming advocates screamed that Carter didn't know what he was talking about; that he was only "a geologist at James Cook University, Queensland, engaged in paleoclimate research," not a real climatologist; and that anyway, the science was settled, so he (and we) should shut up already.

3-1/2 years later, Paul Hudson, the climate correspondent (at least for now) at no less than the previously climate koolaid-poisoned BBC, without naming him, is acknowledging the correctness (HT Instapundit) of Carter's observations. The Beeb reporter also concludes .... brace for it .... that "it seems the debate about what is causing global warming is far from over." Imagine that.

As I've been writing for years, "Consensus, conschmensus."

Here are selected paragraphs from Hudson's report:

Host, Interrupted: Joe Scarborough Snarks Back At Rush Limbaugh

Today, Joe Scarborough continued his feud with Rush Limbaugh, insinuating that the talk radio legend is not a true conservative.

For the second time today, I’m looking ‘round the office, wondering whether I’m being punked.

Hot on the heels of Barack Obama’s Nobel Peace Prize – won for the stellar achievements (?) of the first ten days of his presidency –  we find out that Joe Scarborough believes himself to be the only true heir to the mantle of Reagan and Buckley – at least, among the radio talker set.  

On this morning’s edition of Morning Joe, Scarborough and the Brew Crew had the following exchange:

Daily Beast's Blumenthal Catches Ratigan Flu, Shouts Down Scarborough on 'Morning Joe'

It isn't often that one can see two decades of history re-written in under ten minutes.  But such was the occasion on this morning's episode of Morning Joe. Max Blumenthal, author of "Republican Gomorrah: Inside the Movement that Shattered the Party," spent his time on the show demonstrating the combined power of cognitive dissonance, wanton ignorance, and a willingness to re-write historical fact.

Let's take it in chronological order, shall we?

First, Blumenthal is asked to present the major thesis of his book:

Lawrence O'Donnell Outs New Taxes in Health Care Bill

In the news today, the President and Oprah attempt to snag the Olympics from Rio, a Congressman yells something dumb on the floor of the House (not a Republican!), and double standards abound.  

Meanwhile, back on the Hill, there's a humble bill involving the entire health care system of the United States making its way through the Senate.  Lawrence O'Donnell is not usually so honest and brazen about the liberal agenda as he was during this morning's appearance on MSNBC's “Morning Joe”, but one can certainly be thankful that he was.

According to O'Donnell, there are now three new tax brackets in this legislation, a new 35% tax rate on certain private health insurance plans, and half of the health care legislation now being debated is a massive new tax bill.  O'Donnell made the following comparison:

Social Security: The Closer You Look, the Worse It Appears; Media Has Ignored for Months

SocSecBrokeCard0309

Thanks to info "steveegg" at No Runny Eggs linked me to earlier today, I had to add the word "Annual" before "Cash Flow" at this post (at NewsBusters; at BizzyBlog) that originally appeared Wednesday.

That's because the system is already running monthly deficits, and significant ones.

Back in February, the system also ran a deficit. It was bad news, but because February is an unusual month containing a full month of payments but only 20 business days of collections (actually 19, since Presidents Day is a federal holiday), I didn't think it was an indicator of a near-term problem when I noted it in early April. I was wrong.

The degree of the decay is obvious when you look at July's and August's results. The drastic decline in year-over-year collections noted in Wednesday's post indicate that September is almost certainly going to be no better, and will probably be worse.

Go to this link and you'll be able to replicate the tables that follow (simply type "7" or "8" at Item 3):

Media Dozes While Social Security Is on the Verge of Negative Annual Cash Flow

http://i739.photobucket.com/albums/xx40/mmatters/SocSecBrokeCard0309.jpg

Ed Morrissey at Hot Air had the catch of the day yesterday when he revealed, based on Congressional Budget Office internal projections distributed to Congress during the summer, that the Social Security system will spend more cash than it takes in during the government's next fiscal year ending September 30, 2010. Read about it there, or here, because you won't see the establishment media acknowledge the existence of these revelations.

Morrissey isn't clear as to when the report was prepared, but if it dates back to July or even early- mid-August, it's possible that Social Security will show a measly positive cash flow of less than $10 billion when the dust settles on the current fiscal year that will end next week, compared to +$72 billion a year ago. That's because the decay in Treasury's cash collections during the current quarter has been that bad.

Here's the relevant portion of the spreadsheet Morrissey obtained:

Couric Bubbly Over Soda Tax, Fails to Consider Idea Obnoxious to Average Americans


"It's the most explosive moment for the soda industry since the Diet Coke and Mentos experiment," CBS's Katie Couric quipped of a proposed federal soda tax in her September 18 Notebook video on CBSNews.com (embedded at right).

While careful not to explicitly endorse a proposed one-cent-per-ounce tax on sugary drinks, Couric hinted that taxing sodas could help curb obesity, because, after all, "some lawmakers say taxes on cigarettes have reduced smoking and raised revenues."

Pledging to help soda-drinking Americans lose weight while simultaneously thinning their wallets -- and fattening Uncle Sam's coffers -- certainly appeals to the self-appointed food police and tax-hiking liberals, but it's likely to cause average Americans to gripe about having to pay taxes for the harmless guilty pleasure of cracking open an ice-cold soda pop.

Yet Couric sees only a downside to that dastardly profitable soft drink industry, not average Americans tired of government intrusion into their personal choices:

NYT's Timothy Egan: Middle Class Too Easily 'Distracted' To Know Own Best Interests

Timothy Egan, liberal New York Times reporter turned ultra-liberal nytimes.com "Outposts" blogger, titled his Wednesday night entry "Working Class Zero," a condescending, stereotypically liberal attack on blue-collar folks too ignorant and easily "distracted" to fight for their own interests, which Egan defined as government-controlled health care. 

Egan was vexed that many middle-class Americans were instead heeding "the brat's cry of Joe Wilson" and condescendingly reduced the concerns of conservative protesters of the size and influence of the federal government to "generalized rage" stoked by "well-funded Astroturf outfits."