Taxes

The media is still having trouble understanding the Tea Party movement and what it is protesting, even though its roots are clear.  On Feb. 19, 2009 during CNBC's "Squawk Box," Rick Santelli made his famous rant heard around the world, calling for a so-called tea party-style revolt. And that helped fuel the growth of a Tea Party movement that has resulted in more than 600 protests this April 15…

The Boston Globe is a proudly liberal newspaper. So it’s a little stunning for their staff writers Christopher Muther and Hayley Kaufman to suggest that tax refunds are best spent on conspicuous consumption. They suggested “you may want to put any windfall toward your credit card bill,” but they didn’t suggest liberal Globe readers redistribute their refund income to the poor in the inner cities…

While the tea party movement began to take shape in late February of 2009, the CBS Early Show did not offer a complete story on it until nearly 14 months later, with co-host Harry Smith declaring: "Today is tax day, April 15th. And thousands of tea party activists are headed to Washington...a new CBS News/New York Times poll is showing us just who these passionate conservatives really are."…

There's a new CBS News poll getting a lot of attention the past few days claiming that more Americans believe their taxes are fair today than did in 1997.Unfortunately, the coverage ignores why this likely is the case: the percentage of Americans that don't pay taxes has doubled since 1997.As such, it makes sense that more folks feel their taxes are fair.Such logic wasn't included in CBSNews.com'…

In his Wednesday Business Day column, David Leonhardt, the New York Times's conscience on economic matters, defended the current skewed tax system, in which almost half of U.S. households paid no income taxes last year, and even argued that those now paying the highest rates should be paying even more: "Behind The 47% Talking Point." Leonhardt never addressed the underlying point of conservative…

As procrastinators rush to beat the April 15 tax deadline and thousands rally at Tea Parties to oppose out of control government spending, politicians and the national news media are mulling the possibility of a new European-style national sales tax. On April 6, former Federal Reserve chairman and current White House economic adviser Paul Volcker revealed the Obama administration's possible…

Last May, I wrote a column called "The Federal Deficit Becomes Nearly Indecipherable," pointing to a mid-fiscal year policy shift in how the government handles the Troubled Asset Relief Program (TARP) and other bailout efforts: What Treasury did in April (2009) was to convert the TARP “investments” it began making in October in the country’s financial institutions, General Motors, Chrysler…

Watch the latest business video at <a href="http://video.foxbusiness.com/">video.foxbusiness.com</a>NPR and Fox News contributor Juan Williams does not see vitriolic blanket-statements condemning conservatives…

The left wing seems to know no bounds in its efforts to ideologically cleanse CNN of any seemingly rational point-of-view when it comes to the issues of the day. Although liberal were successful in their effort to rid the network of Lou Dobbs, some elements are now hung up on also eliminating recently hired contributor Erick Erickson from CNN's programming. And now a liberal group called…

Liberal commentator Nancy Skinner conceded there is one issue the right is right on - the value-added tax (VAT) is an absurd idea. Skinner who is a regular guest on the Fox Business Network, stated April 7 that the VAT will do absolutely nothing to help the ailing economy, concurring with the "Bulls and Bears" panel.     "Everybody, you're going to be surprised: I finally found a tax I don't…

Pop quiz: how do you cut taxes on low and middle-income wage earners and end up with a greater percentage of people paying taxes?Such is a question the folks at the Associated Press should be asking themselves concerning a piece the wire service published Wednesday entitled "Nearly Half of US Households Escape Fed Income Tax: Recession, new tax credits have nearly half of US households paying no…

Since Obama's health care legislation has been signed into law, the media have been in overdrive about the backlash - whether it's been former Alaska Gov. Sarah Palin's "reload" metaphor "targeting" certain congressional districts or how Republican lawmakers have supposedly encouraged violence by their floor rhetoric. Media personalities and Tea Party movement detractors have been agog - saying…

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…