Wow: A leading Senate conservative is taking aim at tax breaks that he says amount to welfare for millionaires, a line of critique that usually comes from liberal Democrats. Sen. Tom Coburn (R-Okla.) released a report detailing special tax breaks for wealthy income earners that could give members of the supercommittee common ground for raising […]
The other day I covered how the 53%ers are apparently against the very policies they have advocated for years. The 47% of people not paying federal income tax do so in a large part because of the Bush tax cuts and we know the right has been a long time advocate of those tax cuts. […]
The blindness of the right is mindboggling at times. Over at Hot Air, Ed Morrissey has a post up entitled “Taxpayers to Obama: Keep your hands off our deductions”. Here’s what Ed says: In his speech on Wednesday, Barack Obama suggested that eliminating some tax deductions might be necessary to close the budget deficit, at […]
<p>I think this is one of the best ideas I have <a href=”http://rawstory.com/rs/2010/0629/conyers-throws-grayson-cosponsors-war-making-poor-act/”>ever heard out of Congress:</a></p> <blockquote> <p>It seems that Rep. John Conyers (D-MI) would agree, perpetual war is making you poor.</p> <p>To begin rectifying the situation, he’s joined with Congressman Alan Grayson (D-FL) in co-sponsoring the "War is Making You Poor Act," […]
This is another sign of the times: Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem. About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions […]
I have reported previously about the criminal problems facing my home county in Ohio. Today another big Republican name has been indicted: A former Butler County commissioner, state lawmaker and Children Services director has been indicted on federal charges. Mike Fox was indicted on six charges of mail or wire fraud, while attorney Robert Schuler […]
Yet more of our privacy is under attack and this time it comes from the IRS: The Internal Revenue Service is quietly moving to loosen the once-inviolable privacy of federal income-tax returns. If it succeeds, accountants and other tax-return preparers for the first time would be able to sell information from individual returns — or […]