Taxes

Updated below: Lucasfilm rep says Lucas backs Obama's economic policy, tax hikes on rich.Noting that "the cornerstone of American capitalism is that you can make as much money as you want when you work for a company," filmmaker George Lucas told CNSNews.com*, adding that he thinks salary caps for corporate executives should be decided by corporate boards of directors, not politicians:I think it…

Wow. Rick Santelli of CNBC (picture at right is from his bio page) let the elitists running what is turning into a planned economy in Washington have it today with a rant for the ages.The direct CNBC link is here, while a YouTube is here. Allah at Hot Air has an embed. What's really revolting about this is the studio reaction. While it's maybe half-kidding at times, the fact that strong…

For the Chicago Tribune, Romney supporter turned Obama man Douglas Kmiec indulged in quite a litany of name-calling, finger pointing and demagoguery against the GOP that would have been amazing from the same man only one year ago. Hopefully questioning "The Death of the GOP," Kmiec has shown that he no longer cares much how he is viewed, going full Democrat Partisan at this point.In his Tribune…

So where did the Cleveland Plain Dealer's Sabrina Eaton go for opinions on what Michelle Malkin earlier today called "the massive mortgage entitlement campaign launched by President Barack Obama"? Why, they went to "housing experts," of course. But the people she quoted aren't builders, realtors, mortgage lenders, mortgage brokers, or economists. Nor, based on the area's results, are they experts…

While many Hollywood stars may have raised a champagne flute yesterday to mark President Obama's signing of the stimulus package, actor Kelsey Grammer was not among them. The actor best known for his roles in "Cheers" and "Frasier" told NewsBusters's sister organization CNSNews.com recently that he was a "free enterprise guy" who feared that CEO pay caps included in the corporate bailouts were a…

On Saturday’s CBS Evening News, correspondent Kimberly Dozier filed a report profiling moderate Republican Senators Susan Collins and Olympia Snowe, both from Maine, in light of their vote in favor of President Obama's economic plan, and relayed their criticisms that other Republicans should show more willingness to "compromise." Dozier also likened Collins to another former Republican Senator…

Sigh. Here we go again. First it was our capitalist society deemed gone as Newsweek magazine declared, "We're socialists now." This time - it's the death of supply-side economics, according to Newsweek Senior Editor Daniel Gross. To sum it up, Gross declared tax cuts obsolete, a theory that only works on paper, in a time when employers come and go and institutions aren't stable like they once…

On Thursday’s CBS Evening News, anchor Katie Couric introduced a report on the Democrats’ so-called "stimulus" plan about to pass Congress: "And we'll tell you what's in it for you, including tax breaks...It's designed, in part, to get you spending again by giving you the money to do it." However, in July of 2001, when President Bush was trying to get tax cut legislation passed, then Evening News…

How could anyone take a principled stand against the $789 billion economic stimulus bill? Any opposition to this massive expansion of the federal government must be sheer political posturing. Or so said Newsweek magazine's Jonathan Alter. Alter said on MSNBC's Feb. 11 "Countdown with Keith Olbermann" that congressional Republicans oppose the stimulus bill based on an ill-conceived, low-…

With Barack Obama’s first press conference as president scheduled on Monday night, one obvious question that comes up is what kind of questions he will receive from the White House press corps. His predecessor, George W. Bush, faced some pressing questions during his first press conference on February 22, 2001. Liberal firebrand Helen Thomas offered the most politically-charged question: “Mr.…

Former Sen. Tom Daschle might have been forced to withdraw his name as President Obama's Health and Human Services secretary last week, but his tax problems were far less egregious than Timothy Geithner's, the man just confirmed as the Secretary of the Treasury.In fact, according to Pulitzer Prize winning Vanity Fair contributing editors James Steele and Donald Barlett, Geithner's offenses were…

Say goodbye to hope and change. It's time to embrace the politics of doom and gloom. MSNBC host Contessa Brewer, in an interview that seemed a lot like a lobbying campaign for the stimulus set for a vote in the U.S. Senate, quizzed Sen. John Barrasso, R-Wyo., about the possibility that his vote against a stimulus bill could send the country spiraling into a Depression - and endanger the public's…