Obama’s Watch: Taxpayers Shackled –Cartoon: A.F. Branco
(CNS News) Rep Virginia Foxx (R-NC) speaking today a “Countdown to Tax Day” press conference organized by Americans For Tax Reform said, ” I want to point out that the (federal) tax code is four times more than our bible…”
The Internal Revenue Service tax code is 3.8 Million words long–there are about 774,746 words in the bible.
(Weekly Standard) While Americans tighten their belts, putting off family vacations and eating out as often a result of an anemic economy, recent ObamaCare tax hikes together with payroll tax hikes that went into effect on the first of the year, Americans should be outraged that the guardian of the taxpayers money Sheriff Joe Biden had the audacity to spend waste $459,338.65 of taxpayers money to pay for his and Biden’s entourage stay at the Hyatt Regency London and subsequently $585,000.50 during his one night stay in Paris last month.
High State Taxes Repel Jobs & Businesses –Image: Art Diamond
(FOX News) California job creators already steamed over recent tax hikes are now fuming over a decision that retroactively scraps a two decade old tax break, slapping taxpayers with bills for back taxes and interest going back to 2008
According to The Press Enterprise California’s Franchise Tax Board sent out about 2,000 letters, alerting taxpayers that the two decade old tax break which permitted business owners, investors and others to exclude from state taxes 50% of their capital gains in stock companies that had at least 80% of their employees and assets in California, which was to spur investment in small and start-up California companies, would no longer be allowed retroactively.
This latest tax grab by regulators, only serves to add to the state’s unfriendly business image.
California Tax Revenues Plunge –Cartoon: Daryl Cagle
(FOX Business) Michael Reagan on Varney & Co: After California raised taxes on the rich, revenues dropped 19%
On Tuesday I wrote here in February, California’s cash deficit grew from $9.6 Billion to $16.2 Billion according to the State Controllers Office earlier this week.
New ObamaCare Regulations and They’re Just Getting Started
(The Blaze) Senate Minority Leader Mitch McConnell tweeted out a picture of President Obama’s latest 828 pages of new ObamaCare Regs printed and stacked up on Monday–On the 01 March, I wrote here about 700 pages of ObamaCare Regs that the Dept of Health & Human Services dumped on Americans earlier this month and they’re just getting started.
Three Congressional House committees in February, added up the total number of hours that burdensome ObamaCare regulations will cost Americans, The Heritage Foundation reported–including 157 different rules and regulations that make up over 127 million hours of paperwork annually.
Related: ObamaCare Negatively Impacts Supply of Labor
Applying for ObamaCare Could be as Daunting as Doing Your Taxes
GOP Plan to Balance Budget by 2023 Without Raising Taxes
Senate Democrats Budget Includes Nearly $1 Trillion of New Taxes
California Economic Crisis –Daryl Cagle Cartoons
(California Political News) In one month, California’s cash deficit increased from $9.6 Billion to $16.2 Billion the budget shortfall was covered by internal (raiding other accounts) and external borrowing.
During Gov Jerry Brown’s ‘State of the State’ address in January Brown claimed, that California had confronted its critics by erasing decades old deficit and praised the Democratic controlled state legislature for the state’s economic and budgetary turnaround while promising lying about “living within our means” as the key to the future.
Riiight…
Related: Redevelopment Fallout: Lawmakers Impose Big New Taxes
Obama Tax Hike Lies –Image: Linda Scharf Brazier
(Breitbart) Pet owners listen up, you may want to start saving up extra money this year as ObamaCare Vet Taxes go into effect–just another Washington unintended consequences courtesy of the Democrat/Progressives so called health care reform.
(CNS News) House Minority Leader Nancy Pelosi (D-CA) claimed this week that the government must cut spending and then (tried) explaining that “Tax cuts are spending.”
“Our whole budget is what $3.5 Trillion–so when we talk about reducing spending we certainly must and we certainly have–$1.6 Trillion in the previous Congress…Spending is also related to tax cuts, tax cuts are spending…”
I don’t get it.
The Weekly Standard explained in December that the $1.6 Trillion tax hikes (which Pelosi calls spending cuts) a mere $400 Billion was used for deficit reduction–that sum quickly would be eaten up on interest alone on our out of control $16.67 Trillion federal deficit.
(CBS News/San Francisco) Leave it up to a liberal-progressive to propose yet another tax–as if Americans were not already overtaxed.
This new tax brainstorm by Berkeley City Councilman Gordon Wozniak would be on e-mail according to Berkeleyside as a means to help fund the cash-strapped United States Postal Service.
Loony Liberal Lefties Philosophy of Government:
“If it moves tax it, if it keeps moving regulate it and if it stops moving subsidize it.” President Ronald Reagan
California Being Taxed Into the Poor House –Net Right Daily
(UT San Diego) Its now official, come July 01, California motorists will pay an additional 3.5 cents in taxes on gasoline thanks to a vote of 3-2 today by the state Board of Equalization, to increase the excise tax by about 10% from .36 cents a gallon to 39.5 cents a gallon.
On Tuesday I wrote here that a hike in the gas tax of 3.5 cents a gallon will mean that California motorists will be paying the highest gasoline taxes in the nation.