Tax Hikes « Cristy Li

Archive for the ‘Tax Hikes’ Category

Obama Administration Threatens to Veto Senate Republican Plan to Avoid Sequestration

Thursday, February 28th, 2013

A Finger in the Dike –Legal Insurrection

(AP) The Obama Administration threatened to veto a Senate Republican plan that would give President Obama more authority and flexibility to find $85 Billion in spending cuts this year–the measure was intended to replace the automatic spending cuts otherwise known as “Sequestration” that is scheduled to kick-in tomorrow.

The Obama Administration says it instead backs a Democratic measure to replace the cuts with more taxes on job creators.

Watergate Reporter Bob Woodward Blasts Obama on Sequestration

Posted in Barack Obama, Budget Crisis, Democrats, Economy, Obama Administration, Tax Hikes | No Comments »

Calif May Soon Have Highest Gas Taxes in U.S.

Tuesday, February 26th, 2013

Rising Gas Prices –Barracuda Brigade

(Breitbart) In California, the solution to all ills is further taxation even though gasoline prices have skyrocketed a full .12 cents last week and past $5.00 in L.A.County now, State Sen Noreen Evans, (D-Santa Rosa) wants to tax oil.

“California is the only oil producing state in the nation that does not have an oil extraction tax. States such as Texas, Oklahoma and Alaska have such a tax and it just makes common sense,” Evans said.

Evans wants a 9.9% tax on all barrels drilled in the state, which runs up to $9.60 per barrel at current prices–the effect, will be to drive oil companies out of California and raise prices at the pump even more than what may soon be on their way for motorists.

On top of the recent spike in gasoline prices, the California State Board of Equalization was expected to approve a 3.5 cent increase in the gas tax during their meeting in Culver City today.

Posted in California, Democrats, Energy Prices, Tax Hikes | No Comments »

Obama’s 2013 Tax Hikes, Twice as Large as Looming Sequestration

Tuesday, February 26th, 2013

Obama’s 2013 Tax Increases, Twice as High as Sequestration

U.S. Debt Clock

Posted in Barack Obama, Budget Crisis, Democrats, Economy, Tax Hikes | No Comments »

Obama’s Watch: Unemployment Higher for Women and African Americans Since Taking Office

Monday, February 11th, 2013

State of the Unemployed –Image: Patriotic Moms

(CNS News) Unemployment for both Women and African-Americans is higher today than when Obama first took office, despite an economy that has “technically” been in a recovery since June, 2009

Flashback: Remember in 2010 when President Obama claimed “that were moving in the right direction.” Whatever happened to Obama’s Recovery Summer?

On the 01 February, I wrote here the nations the jobless rate had ticked up to 7.9% from 7.6% when Obama first took office–Some progress.

Posted in Barack Obama, Economy, Tax Hikes | No Comments »

GOP House Vote on $4 Trillion ‘Fiscal Cliff’ Boondoggle Violated 3 Day Pledge to Read the Bill

Wednesday, January 2nd, 2013

Fiscal Cliff Deal–The Sad Truth –Judge Andrew Napolitano

(CNS News) Democrat-Socialist/Progressive controlled Senate voted 88-9 to approve the Fiscal Cliff boondoggle which they had all but three minutes to read, before paving the way to add $4 Trillion to our out of control federal budget deficit.

The GOP House of Representatives violated their pledge to voters to make the bill available to the public for three days before it would be voted on.

Republicans promise…that they will be principled (next time) and will keep their pledge to reign in spending when the debt ceiling showdown takes place next month.

Riiight…

Posted in Budget Crisis, Democrats, Economy, Republicans, Tax Hikes | No Comments »

You Failed Speaker Boehner, Time For You To Go

Tuesday, January 1st, 2013

Its Time to Step Down House Speaker John Boehner

(FOX News) At the end of the day, 85 RINO’s joined 172 Democrat/Socialists to pass the Senate Fiscal Cliff bill 257-167 which provides tax credits to such things as:

Puerto Rico & U.S. Virgin Islands Rum;

2 and 3 Wheel Electric Vehicles;

Obama’s Green Energy Initiative of Biofuels;

Extension of ‘Special Rules’ for the Film & Television Industries;

Extension of 7 Yr Tax Credit for Motorsports Entertainment;

Help for Asparagus Farmers

More here from Business Insider

After Fiscal Win, Obama Warns Congress on Debt Fight –Reuters

Posted in Barack Obama, Budget Crisis, Democrats, Economy, Hollywood, Obama Administration, Rep John Boehner, Republicans, RINO, Tax Hikes | No Comments »

Senate OKs Tax Hikes in Fiscal Cliff Gimmick 89-8

Tuesday, January 1st, 2013

Fiscal Cliff 2013

(Market Watch) With the help of Senate RINO’s lawmakers passed a bill early this morning that raises taxes on job creators, increases capital gains taxes and delays any real spending cuts for two more months.

In 2011, Conservative political columnist Pat Buchanan writes in his column entitled An Establishment in Panic “…What school of economic thought–Keynesian, Supply-Side or Monetarist says raising taxes in a slumping economy is the recipe for a return to prosperity? There is no such school. Why, when the whole country is talking about the need to create jobs, would Congress raise taxes on a private productive sector that employs six in seven Americans and is the creator of real jobs.”

With $1 Trillion of New ObamaCare Taxes taking effect today (who knows what black hole will swallow up that money) how is it that raising even more taxes in an anemic economy is going to create even a single job and open the flood gates for new business development and economic expansion?

Posted in Budget Crisis, Democrats, Economy, ObamaCare, RINO, Tax Hikes | No Comments »

Senate RINO’s Cave On Real Fiscal Cliff Deal

Monday, December 31st, 2012

Fiscal Cliff New Year --The Veritas Report Happy New Year 2013 Fiscal Cliff –The Veritas Report

(Washington Times) Senate Minority Leader Mitch McConnell, (R-KY) and VP Joe Biden appear to have worked out some kind of deal to avert the so called fiscal cliff by agreeing to raise taxes on job creators (individuals earning more than $400,000 and families with incomes over $450,000) extending a number of programs from Obamas 2009 failed stimulus law to continuing Obama’s green energy fiasco, without tackling our out of control $16.4 Trillion+ debt crisis with any real spending cuts.

How does kicking the proverbial can down the road again for yet another day and another time avert a looming economic national disaster?

Where is the leadership?

U.S. Hits Borrowing Limit –Natl Journal

Posted in Budget Crisis, Economy, Tax Hikes | No Comments »

Obama’s Watch: Should Bush Tax Cuts Expire, Tax Hikes Coming to All Americans January 1st

Saturday, December 22nd, 2012

Obama Watch Tax Hikes Coming Jan 01 Obama’s Watch: Tax Hikes Coming to All Americans 01 January, 2013

(CNS News) Should the Bush Tax cuts expire on the 01 January, individuals of all demographics and income brackets will realize tax increases according to a report on the 11 June entitled, “How Will Taxmageddon Impact You” from the Heritage Foundation.

Flashback: Remember when President Obama claimed “No family making less than $250,000 a year will see any form of a tax increase–yade, yade, yade…” during his watch.

Posted in Barack Obama, Economy, IRS, Obama Administration, Tax Hikes | No Comments »

House Conservative Republicans Circulate Plan to Oust Speaker John Boehner

Friday, December 21st, 2012

John Boehner --Common Sense Club House Speaker John Boehner (R-OH) –Common Sense Club

(Breitbart) Several Conservative House Republican members are contemplating a plan to finally unseat RINO John Boehner from his position on the 03 January–Staffers have compiled a detailed action plan that if executed, could make this a reality.

On the 04 December, I wrote here that Boehner had come under fire recently for ousting Conservatives from key committee assignments for their refusal to get in step with the House Speaker and support tax increase on Americans.

Posted in Rep John Boehner, Republicans, Tax Hikes | No Comments »

Cristy Li