Category Archives: Treasury
Fairness Doctrine
In a 2008 debate, Charlie Gibson asked Barack Obama if he would raise capital gains rates knowing it would cause a decrease in federal revenue. The Occupy White House candidate said,”yes”. Out of fairness.
The Buffet Rule is supposed to force all millionaires to pay a minimum 30% rate, but, according to IBD, the seven figure set could still shift their wealth to tax free municipal bonds.
Buffett Rule or not, the fattest fat cats still pay, by far, the most income taxes.
Elephant Trap
“What even minimally rational government enacts payroll-tax relief for just two months?” Krauthammer’s glad you asked.
Looting the Lockbox
Republicans are said to have run up a blind alley since Boehner rejected the Senate version of the payroll tax cut. McConnell is still pushing hard for a 2 month extension of the cuts. After that, they can fight it out again – if Social Security isn’t broke yet. Where’s that lockbox?
Update: House Republicans cave.
Lockbox sighting?
It’s a Joke, Get it?
The president reminded us he was making a little Jeopardy joke the other day as he introduced Joe the Plumber Spy, Richard Cordray, as top consumer bureaucrat.
Another joke is the way Obama likes to remind us he’s one of the elite and we’re not – unless, of course, we really are keeping hundreds of thousands of dollars we don’t need. He recently did this by targeting bestselling authors, ahem, like himself, for higher taxes. (Here’s a rude bestseller who doesn’t want to join the club). Other times he likes to try a little upwardly mobile bonding with moneybags like Mark Zuckerberg .
Gregg Easterbrook says if Obama wants to pay more taxes, he should just do it.
