Green Energy
From this post at Conservative Hideout 2.0:
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Lois Lerner Mistakenly Received an Email to Senator Chuck Grassley Inviting Him to Speak at an Event. She Immediately Asked If She Should Refer Him For an Audit Yes, you read it right. Click on the title and read the whole thing. BY THE WAY, at this...
- Right On Schedule
Human Events: Obama wants short-term fix on sequester President Barack Obama called on Congress to agree to temporary spending cuts to avoid sequestration Tuesday, agreeing that “the full budget may not be finished before March 1.” But much...
- And 1.2 Trillion In New Taxes
This better never make it through the House. Senate group offers $3.75 trillion deficit cuts (Reuters) - A bipartisan group of U.S. senators on Tuesday revived an ambitious budget plan that could provide new ideas for breaking the impasse in Congress...
- How To Scare All Worldwide Financial Markets And Piss Off American Allies In One Sentence
President Obama told congressional leaders Sunday that America is not a ‘banana republic.’ But don’t stop there, let’s also chill whatever urge to purchase anything or borrow by anyone is left … ANYWHERE, in ANY ENTITY, personal, biz, national...
- Will The Nearly $1trillion Stimulus Bill Stimulate Recovery?
Forbes, a keeper in the next few weeks as the battles play out: Safety-Net Spending Cost: $164 billion Stimulative? Yes What is it? $17 billion to temporarily increase food stamp benefits, $23 billion for Health and Human Services programs, $13 billion...
Green Energy
The Path To Wealth Redistribution
From this post at Conservative Hideout 2.0:
Although [the debt failsafe trigger - see THIS] appears to be saying that if the governments spends too much money and drives our nation into bankruptcy, the language is key- entitlements are exempt, welfare is exempt, any ‘low-income programs’ are exempt, anything that might ‘exacerbate an economic downturn are exempt(like ‘investments’ in ‘green energy’ or any other favored liberal project), and most importantly, the spending reduction will include reduction ‘on spending through the tax code.’Are WE THE PEOPLE going to stand for Obama's setting us on this road, from which there will be no turning back?
So what sort of spending occurs through the tax code that may be cut out if politicians spend too much money on programs that make our nation less wealthy and prosperous and free?
The formal name for ‘spending through the tax code’ are tax expenditures, and these are basically ‘spending’ through the use of the tax code. The sorts of things that the government considers ‘spending through the tax code’ are tax credits, deductions, exclusions, exemptions, deferrals, and preferential rates.
Examples of ‘tax expenditures’ include the mortgage tax deduction, the ‘Bush’ tax cuts, the ‘Obama’ tax cuts, having pensions be tax exempt, dividend taxes, exclusion of taxes your employer pays on health care, tax credits for children, the elimination of the ‘marriage penalty, and many more. A full list of ‘tax expenditures’ can be found in this document.
What Obama is calling for and Democratic legislators are supporting and liberal bloggers are rallying behind is a provision that will automatically raise taxes on families, employers, home owners, retirees, and many more, in order to transfer wealth to low income earners and other politically favorable groups who will be exempt from such a devastating automatic tax increase.
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Lois Lerner Mistakenly Received an Email to Senator Chuck Grassley Inviting Him to Speak at an Event. She Immediately Asked If She Should Refer Him For an Audit Yes, you read it right. Click on the title and read the whole thing. BY THE WAY, at this...
- Right On Schedule
Human Events: Obama wants short-term fix on sequester President Barack Obama called on Congress to agree to temporary spending cuts to avoid sequestration Tuesday, agreeing that “the full budget may not be finished before March 1.” But much...
- And 1.2 Trillion In New Taxes
This better never make it through the House. Senate group offers $3.75 trillion deficit cuts (Reuters) - A bipartisan group of U.S. senators on Tuesday revived an ambitious budget plan that could provide new ideas for breaking the impasse in Congress...
- How To Scare All Worldwide Financial Markets And Piss Off American Allies In One Sentence
President Obama told congressional leaders Sunday that America is not a ‘banana republic.’ But don’t stop there, let’s also chill whatever urge to purchase anything or borrow by anyone is left … ANYWHERE, in ANY ENTITY, personal, biz, national...
- Will The Nearly $1trillion Stimulus Bill Stimulate Recovery?
Forbes, a keeper in the next few weeks as the battles play out: Safety-Net Spending Cost: $164 billion Stimulative? Yes What is it? $17 billion to temporarily increase food stamp benefits, $23 billion for Health and Human Services programs, $13 billion...