Taxes

Getting reactions to the “fiscal cliff” deal/postponement from Alan Simpson and Erskine Bowles – they of the much-cited “Simpson-Bowles Commission” – Meet the Press host David Gregory wistfully speculated on what might have been, had only Republicans agreed a year ago to raise income taxes. He cued up Bowles: “Had Republicans conceded the point on revenue earlier, say, in 2011, could we have…

Imagine the situation of poor DUer NCTraveler. He makes a post at the Democratic Underground complaining about the increase in 2013 taxes that now takes a bigger chunk out of his paycheck. No big deal he must have thought. Just another post among thousands. In fact, he probably forgot about the post by the next day...until Rush Limbaugh read it for all the world to hear and laugh at. Now panic…

If you think that the DUers at the Democratic Underground or the Daily Kos Kossacks would be mostly outraged over the fact that Al Gore tried to avoid paying his "fair share" of taxes on the wealthy when he attempted to sell his low rated Current TV to Al Jazeera before the beginning of the year, then I have some carbon credits I would like to sell to you. In addition, "Mr. Environment" sold…

On Wednesday, as President Obama signed -- er, auto-penned -- the legislation preventing the onset of the "fiscal cliff" passed by Congress the previous day, the establishment press was busy understating its impact. A Friday evening Wall Street Journal editorial (note: not a regular news report) in today's print edition lays out the gory details. But first, I will cite four examples of…

The start of the new year always ushers in new taxes that people are expected to pay rather than find ways to keep as much of their money as possible. At least, that's what liberals claim others should do. But on Thursday, Fox News Channel's Bill O'Reilly charged that former vice president Al Gore is a hypocrite for attempting to sell his low-rated Current TV cable channel for an estimated $…

CNN reporter Ali Velshi thrashed Republicans and conservatives during last weekend's fiscal cliff negotiations. As Tim Graham of NewsBusters already reported, Velshi "clearly doesn't care about looking objective" and showed it when he opened fire on Grover Norquist last week and declared that taxes must go up on the wealthy. In what became a tired liberal rant, Velshi pushed that argument…

President Obama will kick off the new year the same way that he kicked off the old year: by demanding that the wealthy pay their "fair share" in taxes. But while millions of small-business owners, struggling entrepreneurs, inventors and investors brace for a double whammy of fiscal cliff tax hikes and new Obamacare taxes, the class-warrior in chief's richest pals are getting a pass. It's a…

“No more tax revenue! None. NONE.” That was not the cry of a dyed-in-the-wool conservative politician. Rather it was Jim Cramer, CNBC’s own host of “Mad Money,” speaking to the upcoming fight in Washington over the debt ceiling. [See video after the jump]

If you are reading this blog post, you are in a minority of your fellow citizens in several ways. Firstly, you actually care about politics. Most Americans do not. Secondly, you care enough about being informed about political issues that you actually are interested in going out of your way to read up on conservative positions. Thirdly, if you are a conservative reading NewsBusters, you are…

Think that congressional Democrats are done lusting for the lucre of those they perceive as the filthy rich? Think again. They're far from finished. Rep. Maxine Waters, D-Calif., signaled yesterday on Ed Schultz's radio show that the road to "fair share" is long indeed with many tolls along the way -- especially for those in limos. (audio clips after page break)

In a late Wednesday column at the Politico, the online website's Steven Sloan wrote that Democrats might be done hiking tax rates, specifically "that they’ve exhausted their ability to raise taxes on the richest Americans by jacking up their rates." But it's clear in later segments of his write-up that Democrats still want to go after "loopholes" and deductions, meaning that they still want to…

Al Gore, the man who first introduced the idea of blaming “the wealthiest one percent” for all of America’s ills, is continuing to embarrass himself in the sale of his low-rated Current TV channel to the Al Jazeera. First, we learned that Current’s management believed that the favorite news channel of Islamic fundamentalist terrorists is closer to its own viewpoints than conservative media…

New York Times reporter Jonathan Weisman strangely painted the fiscal cliff deal (which displeased conservatives with its tax increases and lack of spending cuts) as a fiscal dream come true for Republicans in his "news analysis" for Wednesday's front page. Weisman also mocked the GOP's historical support for low taxes. Just a few years ago, the tax deal pushed through Congress on Tuesday…

Everything that everyone loathes about Washington was present in the "fiscal cliff" bill just passed by Congress. It is 153 pages long; most members probably hadn't read all of it before voting on it; it was delivered in the middle of the night; it was loaded with pork -- the mother's milk (to mix a metaphor) of politicians -- and while the country is already swamped with massive debt, it…