As President Obama launches into the next phase of budget negotiations with Congress, recent estimates may lend credence to Republican claims that the federal coffers are well fed on taxes. The Congressional Budget Office estimates the federal government is on pace to bring in a record $2.7 trillion in tax receipts this fiscal year. The increase reflects a steady post-recession rise in revenues. They ticked up 6 percent in 2012, but according to the CBO could jump 11 percent in 2013. The expected tax boost comes after Congress and the White House struck
Comments: There is absolutely no reason for us to be in the economic ruin that we are in when you see figures like this. 0bama´s behavior of outrageous, needless spending is just criminal.
The Payroll Tax holiday was costing $100 billion a year. New Obamacare taxes were targeted at something like $72 billion. Tax the rich was only something like 30 billion this year. A 1% decline in GDP will wipe out these 3 combined.
I would be willing to bet that there are a lot of businesses who issued dividends now in order to pay the lower tax rate for 2012 versus the higher rate of 2013 and beyond. I know I did. Under the right circumstances you can even pay taxes on future dividends at the 2012 rate now and pay the dividends out to yourself later. I predict that next year will be a dramatic drop from this year and years past.
President Barack Obama has given the nation a new “Council on Climate Preparedness and Resilience” that expands government bureaucrats’ role in how Americans use their lands, energy, waters and property. Obama announced the executive order Friday, the day after Halloween. The order is titled “Preparing the United States for the Impacts of Climate Change.” The new order was issued even though recent scientific data have contradicted claims that use of carbon energy — such as gasoline — will drive up the world’s temperature and induce damaging climate change. Average temperatures have leveled for more than a decade, despite the sharply rising use
The nonprofit hospital that treated the final victim of the Boston Marathon bombing attack will have its tax-exempt status reviewed under Obamacare and could face hefty fines and other penalties. Boston’s Spaulding Rehabilitation Hospital, which treated amputee Marc Fucarile as he recovered from the loss of his leg in the April 15 terrorist attack, is run by a nonprofit 501(c)3 hospital network that will be subject to new scrutiny of its tax-exempt status and potentially massive fines under Obamacare. A new provision in Section 501 of the Internal Revenue Code, which takes effect under Obamacare, sets new standards of review and installs
Hey, this is one way for that loser to get his name back in the news. Huntsman ’16! TPM: The source of Senate Majority Leader Harry Reid’s (D-NV) infamous claim during the 2012 presidential campaign that Mitt Romney had not paid any taxes in 10 years was Jon Huntsman Sr., the father of fellow GOP rival Jon Huntsman, according to a new book by Mark Halperin and John Heilemann called “Double Down…” “He didn’t pay taxes for 10 years! Now, do I know that that’s true? Well, I’m not certain,” Reid told the Huffington Post. “But obviously he can’t release
President Obama attended a Democratic fund raising event in Weston, Massachusetts Wednesday night at the home of Alan and Susan Solomont. Among the 60 attendees were a number of high-profile Democrats, according to the Boston Globe: Among those expected to attend are House Minority Leader Nancy Pelosi; Governor Deval Patrick; Ken Burns, the director of acclaimed documentaries; Representative Steve Israel, who is chairman of the Democratic Congressional Campaign Committee; Swanee Hunt, former US ambassador to Austria; and retired US Navy admiral James Stavridis. Also expected are several members of congress, including John Tierney, of Salem; Niki Tsongas, of Lowell; and David Cicilline,
Sen. Al Franken (D-Minn.) is leading by doubt digits in his 2014 race for reelection. A new poll released Thursday by Democratic polling firm PPP found Franken leads his potential GOP opponents by 10 to 13 percentage points. Five Republicans are seeking to challenge Franken: Chris Dahlberg, Mike McFadden, Jim Abeler, Julianne Ortman and Monti Moreno. McFadden, a finance executive, and Ortman, a state senator, are edging closer to Franken than they had been in May, the poll shows, when they trailed the senator by at least 15 percentage points. Franken was first elected to Congress in 2008, and now has a 51
Sen. Max Baucus (D-Mt.) said Friday the penalty for the individual mandate should be delayed if the “Humpty Dumpty” ObamaCare website can’t be put back together again. “I think it makes better sense to see how much of this can be put together, how much Humpty Dumpty can be fixed in the next month,” Baucus said in an interview with Scott Fredericks of NewsTalk 730 KYYA. “And if it looks like Humpty Dumpty is not getting put back better together, then maybe we should start thinking about delaying the penalties. It´s not right to penalize people for mistakes the government´s made.” On
The GOP senator behind forging a deal to reopen the government last month said she agreed with the cause of stopping Obamacare but thought the tactics used were a “fantasy.” Sen. Susan Collins (R-Maine) said low approval ratings for the GOP in the wake of the shutdown are “certainly a clarion call for the Republicans, for my party, to do a lot of self-examination.” “I think it’s worth noting that the president’s approval ratings are down as well. The Democratic Party’s is down,” she told PBS. “But you’re certainly right that no one is lower than the Republicans right now.
President Obama just issued an executive order “to prepare the Nation for the impacts of climate change by undertaking actions to enhance climate preparedness and resilience.” “The impacts of climate change — including an increase in prolonged periods of excessively high temperatures, more heavy downpours, an increase in wildfires, more severe droughts, permafrost thawing, ocean acidification, and sea-level rise — are already affecting communities, natural resources, ecosystems, economies, and public health across the Nation. These impacts are often most significant for communities that already face economic or health-related challenges, and for species and habitats that are already facing other pressures.
Washington - White House Press Secretary Jay Carney on Friday continued to defend the rule in the national health care law that may end up forcing millions of Americans from their health insurance. Carney´s defense of the law comes amid revelations that a grand total of six Americans signed up for Obamacare coverage on the first day the online exchanges went live October 1, according to internal notes provided to the Republican-controlled House Oversight and Government Reform Committee. Despite those numbers, the White House remains confident that it will get the millions of new enrollees it needs on the exchanges to avoid
CBS News has caught the White House in an outright lie. It’s a lie that a number of administration officials stood behind and disseminated through the media to the public. Stated more clearly, the White House used many credulous members of the media to misinform the public. Now, after having been made fools of by their Democratic allies in the executive branch, one might be excused for expecting the press to push back against their abusers forcefully. Instead, the race is on to make excuses for the embattled White House. According to the results of an investigation by CBS News,
The friendly fire directed at Sen. Ted Cruz from establishment Republicans is giving the Texan first-in-line status among Tea Party supporters and building a base for him to run for president, according to a new analysis from the University of Virginia’s Center for Politics. “To the establishment, Cruz is the embodiment of all the forces conspiring to threaten the GOP´s long-term viability. And, on a personal level, they also just can´t stand Cruz: He drives them crazy,” wrote Kyle Kondik in Center Director Larry Sabato´s popular Crystal Ball. But, added Kondik, the “venom” directed at Cruz, whose effort to defund Obamacare led
DEVELOPING: An unknown incident prompted an evacuation of Terminal 3 at Los Angeles International Airport Friday morning, Los Angeles Airport Police said. Details surrounding the incident were not immediately clear, but passengers reported being evacuated from the terminal sometime after 9 a.m. There were eyewitness reports of a shooting, but those reports were not immediately confirmed by Fox News. One witness said a person with a gun opened fire after getting through a security checkpoint. Los Angeles police have placed the city on tactical alert, MyFoxLA.com reported. First responders are
President Barack Obama’s job approval has dropped to an all-time low, according to a new poll released Wednesday. A new NBC News/Wall Street Journal survey shows that a mere 42 percent of Americans approve of Obama’s job performance, down five points from a poll conducted in early October. The president’s disapproval rating stands at 51 percent, tying an all-time high for Obama. In all, 41 percent of respondents say they have a less favorable opinion of the president since the 16 day government shutdown, compared to 21 percent who say they have a more favorable view since the shutdown. The Affordable Care Act
Exactly half the nation sees the year-old killings of the U.S. ambassador and three other Americans in Benghazi, Libya as a serious scandal — one many believe will hurt former Secretary of State Hillary Clinton’s chance to be the next president, according to a newly-released national poll. Rasmussen Reports revealed that 43 percent of likely voters believe the scandal will damage Clinton. That rises to 47 percent among voters not affiliated with any political party, like independents. Some 41 percent said it wouldn´t ding her chances. The impact is clear, and not just on Clinton. Most — 58 percent — rated the
White House officials have pressured insurance industry executives to keep quiet amid mounting criticism over Obamacare's rollout, insurance industry sources told CNN. Sebelius: 'I apologize, I'm accountable' for Obamacare website flaws - After insurance officials publicly criticized the implementation, White House staffers contacted insurers to express their displeasure, industry insiders said. Multiple sources declined to speak publicly about the push back because they fear retribution. But Bob Laszewski, who heads a consulting firm for big insurance companies, did talk on the record.
The firestorm over President Obama´s "you can keep your plan" lie now threatens to singe vulnerable Democrats next year, so they´re springing into action to try to force the administration to keep its word. Louisiana´s Mary Landrieu -- an ardent Obamacare supporter -- is scrambling to undo one of the obvious consequences of a law she´s voted to pass, fund, and retain: Sen. Mary Landrieu said Wednesday she would propose legislation to ensure all Americans could keep their existing insurance coverage under Obamacare, a fresh sign of the political problems the law’s rollout has created for congressional Democrats. Landrieu, a Democrat
We are only three and a quarter years away from transforming the United States of America. We may never get back to where we once were, but we can sure roll back much of the mess Barack Obama has created through his misguided policies and serial incompetence. With ObamaCare´s ascendancy and impending crash, America will be on the cusp of transformational action. The misery the ACA will bring to almost every American cannot be overestimated in its ability to incite anger -- and, anger has consequences and repercussions. The failure of the ACA has the potential to make 2014 a wave
President Barack Obama will not attend next month´s event marking the 150th anniversary of Abraham Lincoln´s Gettysburg Address in Pennsylvania. Officials at Gettysburg National Military Park said Wednesday that U.S. Secretary of the Interior Sally Jewell will represent the administration the Nov. 19 sesquicentennial. Jewell and Pulitzer Prize-winning historian James McPherson will share the role of keynote speaker. Other events include a reading of the Gettysburg address by a Lincoln portrayer. Pennsylvania Gov. Tom Corbett also plans to attend the ceremony. Lincoln delivered the immortal words of the address at a dedication of the Soldiers´ National Cemetery on Nov. 19, 1863, more than
Every disaster has its moment of clarity. Physicist Richard Feynman dunks an O-ring into ice water and everyone understands instantly why the shuttle Challenger exploded. This week, the Obamacare O-ring froze for all the world to see: Hundreds of thousands of cancellation letters went out to people who had been assured a dozen times by the president that “If you like your health-care plan, you’ll be able to keep your health-care plan. Period.” The cancellations lay bare three pillars of Obamacare: (a) mendacity, (b) paternalism and (c) subterfuge. (a) Those letters are irrefutable evidence that President Obama’s repeated you-keep-your-coverage claim
The latest NBC/WSJ poll finds that more Americans would vote for a third party candidate for Congress than a Republican. 35% of voters prefer a Democrat, which has been steady for three years. Republicans, however, have experienced an 8-point swing against them since they took control of the House. Today, just 28% of voters say they would vote for a Republican for Congress, while 30% would opt for a third party. The GOP Establishment, engaged in open war against the Tea Party and conservatives, is simply committing political suicide. Listening to the consultant and pundit class who inhabit the "Acela line"
In one of the few political jokes attributed to a physicist, Ernest Rutherford once described a public official as being “like a Euclidean point: he has position without magnitude.” With a change of pronoun, he could have been describing Health and Human Services Secretary Kathleen Sebelius, who ignored internal warnings about flaws in HealthCare.gov, botched its rollout, minimized her involvement and blamed her contractors. Now, in congressional testimony, she has accepted responsibility without the inconvenience of accountability or the demonstration of competence. Administration incompetence is not the final word on Obamacare, but it is the initial impression.
Politico describes this kindly gesture as “an olive branch.” I agree. Cruz, whose fiery brand of conservative politics continually draws the enmity and wrath of the GOP establishment, has publicly pledged he will not help conservative candidates oust his more squishy, Republican colleagues. The “surrender caucus” can finally breathe a sigh of relief. For now: Extending an olive branch to GOP senators, Texas Sen. Ted Cruz is privately making it clear he won’t engage in the Senate Conservatives Fund’s hardball tactics to defeat his colleagues in their primary races. At a closed-door lunch meeting of Senate Republicans Wednesday, the freshman
CNN´s senior legal analyst thinks that any further investigation into Benghazi is looking at a "non-story" since "there is nothing there, in terms of a scandal." On Thursday´s AC360 Later, Jeffrey Toobin scoffed at Republican efforts to gain access to more Benghazi witnesses and CIA operatives. "This is a non-story. Benghazi was a tragedy. It´s not a scandal. Republicans are going to investigate this until the end of the Obama administration. They will find nothing, because there´s nothing to be found there," he insisted. [Video below the break. Audio here.]"We don´t know all the facts about the Civil War. If
For a moment Wednesday morning, the person in charge of ObamaCare — not to mention the largest and most expensive Cabinet department in the United States and, therefore, the world — turned into a frustrated teenager. Kathleen Sebelius, the secretary of Health and Human Services, was undergoing a grilling from a Republican congressman over whether President Obama bore responsibility for the failures of his health-care rollout. She said it was her fault. He said Obama was her boss and she reported to Obama, so wasn’t it his fault, too? To which Sebelius responded thusly: “Um . . . You clearly . .