Taxes

So we have a health care reform entitlement now, along with various unfunded liabilities, courtesy of the federal government. The next question is - how are we going to pay for all of it? Last week following the passage of health care legislation, syndicated columnist Charles Krauthammer predicted a value-added tax (or VAT) could be in the works, which is a consumption tax that is placed on a…

Watch the latest business video at <a href="http://video.foxbusiness.com/">video.foxbusiness.com</a>Curt Schilling is finding out that starting a small business in the state of Massachusetts is more taxing than 50,000 heckling Yankee fans could ever be. Schilling and wife Shonda were interviewed on…

After cheerleading and campaigning on the issue for months, the network news media gleefully reported the signing of the $938 billion monumental health care "reform" bill on March 23. At the signing, President Barack Obama emphasized "tax credits" in the bill to help roughly "4 million small-business men and women, to help them cover the cost of insurance for their employees." The…

ABC News correspondents Brian Rooney and Laura Marquez “are among the ABC reporters whose contracts will not be renewed as the network looks to shed anywhere from 300-400 jobs by the end of the year,” TV Newser reported in a Wednesday afternoon post. (Earlier item from The Enterprise Report.). The names of the two California-based correspondents (Rooney in Los Angeles and Marquez in San Francisco…

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…