I like most of John Mauldin’s stuff. This one was interesting and disturbing enough to share. What think/say ye? ==== A Lost Generation By John Mauldin | Jul 27, 2013 It is pretty well established that a tax increase, especially an income tax increase, will have an immediate negative effect on the economy, with a multiplier of between 1 and 3 depending upon whose... Read more
Archive for the ‘Tax Issues’ Category
Harry Always Wants More
February 4 | Posted by mrossol | Tax Issues, The LeftThe man who runs the U.S. Senate gave a rare interview on Sunday, but his message was familiar: Before they reduce spending, Democrats want still another tax increase. Majority Leader Harry Reid told ABC’s George Stephanopoulos that a tax increase is also his price for adjusting the terms of the automatic spending cuts scheduled to hit on March 1. Republicans would... Read more
Debt Excess Even Lives in Texas
January 21 | Posted by mrossol | Debt, Tax Issues, US Debt“Every ballot to issue new bonds should say how much debt is already outstanding, and what it costs each year.” Exceptional. Right on the money! ============== By SUSAN COMBS Austin, Texas Federal, state and local governments have generated millions of pages of unreadable prose laying out rules and regulations and asserting their authority over our lives. But the whole nation began with a Declaration of... Read more
Desperately Seeking Middle-Class Taxes
September 6 | Posted by mrossol | Debt, Economics, Tax Issues“Truth in Lending?” ====== Democrats in Charlotte are pounding away at the savage budget cuts that Mitt Romney and Paul Ryan supposedly favor and their phantom plan for “raising taxes on the middle class,” as President Obama puts it. The truth is the opposite, but table that for a moment. The President seems not to realize his critique is really a scorching... Read more
Mathematically Possible
August 15 | Posted by mrossol | Obama, Tax IssuesThe inquisitive press… Always wanting to get at the truth. ========== It isn’t easy being the intellectual frontmen for President Obama’s re-election campaign, as the boys at the Brookings-Urban Institute Tax Policy Center are discovering. Their ballyhooed study of Mitt Romney’s tax plan looks worse with each new examination. Mr. Romney’s tax plan would cut income tax rates across the board by... Read more
