Taxes

New York Times columnist Charles Blow and MSNBC contributor Mike Barnicle traded liberal talking points like Topps baseball cards on today’s “Morning Joe.” Confident the American people care more about eliminating preexisting conditions and expanding health insurance entitlements than the $569.2 billion tax increase and the $1.2 trillion price tag, the journalists failed to substantiate their…

Remember when it was the liberals that considered the potential of a value added tax or VAT in the United States? More and more, conservatives are starting to express their concerns about it becoming a reality.  The VAT is a consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. For example, as Investopedia.com explains, "When a television…

Former presidential candidate and New York City mayor Rudy Giuliani minced no words when it came to the Obama administration's massive health care overhaul. In an exclusive interview with CNBC's Maria Bartiromo, Giuliani stated that, plain and simple, it "was an ideological act by the Congress" liberal Democrats "are very happy about."   "Instead of privatizing - which is what our government…

Update 9:35 AM: Larry O'Donnell "stunned" Stahl doesn't realize ObamaCare raises taxes.  See O'Donnell video after the jump.______________________________What kind of correspondents do they have at 60 Minutes?  The kind who can't tell that the biggest tax increase in history is a tax increase at all.  The kind who complain that even if it is a tax increase, Americans should be willing to pay it…

On Thursday's Situation Room, CNN's Wolf Blitzer engaged newly-elected Republican Scott Brown on his opposition to ObamaCare, and asked him the same question from the left twice in succession: "What's wrong with giving 30 million-plus more Americans access to health insurance?" He also later added, "What's wrong with spending money...if it's going to give access to 30 million Americans?" [audio…

The problem with the liberal mindset is that it sees government solutions, even when there isn't really a problem. Case in point: broadband internet. Roughly 200 million Americans have broadband internet at home. Millions of others have access to it at work, school, the public library or on smart phones. Only about 5 percent of Americans lack broadband internet access according to The Wall…

The Washington Post today called on Gov. Martin O'Malley (D-Md.) to push for and Maryland legislators to pass a plastic bag tax patterned after the District of Columbia's 5-cent-per-bag levy.The Post couched the need for the tax in terms of safeguarding the health of the Chesapeake Bay -- much as the D.C. bag tax is purportedly earmarked for cleanup of the Anacostia River.But curiously enough,…

In David Leonhardt's latest "Economic Scene" column for the New York Times, "The Perils Of Pay Less, Get More," he reestablished his reputation as the paper's neo-liberal economic voice, admitting that at a certain point taxes hurt economic growth, but also urging Obama to break his pledge and raise taxes on everyone, not just people making over $250,000 a year, in order to cut the deficit.…

ObamaCare constitutes the largest tax increase in American history and shatters the previous record, admitted self-described socialist and MSNBC political analyst Lawrence O’Donnell yesterday. When MSNBC anchor Joe Scarborough asked O’Donnell about the overhaul bill on his radio show, O’Donnell said ObamaCare raises taxes by almost $500 billion. Obama’s historic tax increase nearly doubles…

Back during the 2008 presidential campaign, then-Sen. Joe Biden, the Democratic nominee for vice president said it was "patriotic" for people to pay more taxes, in an interview on ABC's "Good Morning America." But what if you don't have to pay more taxes legally? Biden's reasoning was simplistic - that we all need to "jump in, time to be part of the deal, time to help get America out of the rut…

Concluding a report on proposed soda taxes across the country on Monday's CBS Evening News, correspondent Michelle Miller gleefully proclaimed how such a tax would help fight obesity and fill local government coffers: "New York's mayor estimates a tax would raise a billion dollars, suggesting what's good for the waistline could be good for the bottom line."Miller began the segment by touting: "…

Imagine the audacity of wanting to dispose of your own money as you see fit? The idea is hateful to Bill Scher of the Huffington Post, who demanded in "Super Wealthy Deathly Afraid Estate Tax Would Reduce Deficit" on March 9 that the wealthy "pay their fair share." Scher railed against the Bush tax cuts, and asserted that a 35-45 percent inheritance penalty (the estate tax or death tax) isn't…

The Washington Post must dislike tax cuts even more than it likes President Barack Obama. On March 6, staff writer Lori Montgomery warned that the national debt would climb by $9.7 trillion under Obama’s budget.Relying on the Congressional Budget Office (CBO) for data, Montgomery reported that the debt would be "higher than White House forecast" but not because of spending increases by Obama.…

It's been proven time and again in over two hundred years of recorded American history, but some people still don't get it - the government is not the most efficient spender of money. On CNBC's March 4 "Squawk Box," in the midst of reporting jobless claims and productivity data, the network's senior economics reporter Steve Liesman offered the suggestion that since some banks were increasing…