Lies about Taxes and Spending

Didn't Mr. Obama promise to assemble "the most ethical Administration of all time"?  If that's the case, why must he resort to chicanery and guile on a daily basis?

Mr. Obama was elected partly because of his often-repeated promise not to raise taxes on anyone making less than $250,000 per year.  Anyone who had investigated Mr. Obama's background would have known immediately that his promise wouldn't last long after his inauguration.

Biden Bizarrely Claims That Government Spending Is Costless.  There is only one way to describe the fiscal mindset of those in the White House and in Congress who are proposing new federal budgetary expenditure and taxing increases in the trillions of dollars: a fantasy land of financial irrationality.  The Biden administration insists on additions to the already bloated American welfare state that will see an expansion in entitlement programs and increased societal dependency on government largess not implemented since Lyndon Johnson's Great Society programs of the 1960s.  But to show just how much Joe Biden's mind seems to operate in some alternate universe, he has recently informed us that the $3.5 trillion of additional government spending over the next several years will cost "nothing."  Why nothing?  Because over $2.1 trillion will be covered by taxing the rich and large corporations.

Even At Half The Price, Biden's Plan Is A Self-Destructive, Freedom-Destroying Spending Spree.  Just when you thought Democrats couldn't get more arrogant or dishonest, President Joe Biden on Tuesday, visiting the congressional district of one of the House's less-extreme Democrats, warned that "autocrats" in the world are scrutinizing America for signs of decline on the geopolitical stage, and we therefore must "invest in ourselves" to prove "that American democracy works."  Translation: spend trillions with a T establishing a new series of cradle-to-grave entitlements that, like our already-existing entitlements, will in short order become politically impossible ever to repeal.  Biden and House Speaker Nancy Pelosi, moreover, look straight into the TV camera and tell the American people that these unprecedented, astronomical expenditures will cost zero.  This, not Donald Trump placing the spotlight on all-too-real election fraud, is the true "Big Lie."  No one using a gift card at the store in the weeks after Christmas is a big enough liar or financial illiterate to claim that the spending spree he's enjoying costs zero.

Psaki says $3.5T spending bill costs nothing for people earning less than $400K.  White House press secretary Jen Psaki claimed Monday that President Biden's Build Back Better agenda will cost nothing for Americans who make less than $400,000.  "Let's not dumb this down for the American public here," Psaki said in response to a question from White House correspondent Peter Doocy about whether the package will cost "zero dollars" as the president claimed last week. [...] When Doocy pressed for clarification regarding whether the plan costs nothing or if it is free, Psaki added:  "The plan costs nothing for the American people who make less than $400,000.  If you think that companies that paid zero in taxes last year 50 of the top companies should continue to pay zero in taxes, we're happy to have that debate."

Exactly the opposite is true.
Biden says anyone who doesn't back his multi-trillion infrastructure bills are 'complicit in America's decline'.  President Joe Biden arrived in Michigan Tuesday to hawk his $1.2 trillion bipartisan infrastructure bill and the larger budget bill at a union hall.  The president landed in Lansing and was greeted by Democratic Rep. Elissa Slotkin, who is facing a tough re-election fight next year.  Michigan Gov. Gretchen Whitmer and Lt. Gov. Garlin Gilchrist linked up with Biden on-site.  Biden visited a branch of the International Union of Operating Engineers in Howell, Michigan, the county seat of Livingston County, which chose former President Donald Trump over Biden by more than 20 points.

Jen Psaki Is the Stupidest Person in the World (Or Hopes You Are).  Psaki actually represents perfectly her brothers and sisters on the Left in their belief that businesses are all run by Scrooge McDuck and have secret safes hiding all the money they took away from poor people.  With just the right taxes, the money will come out and the poor people will be rich again.  But [columnist Stephen Green] knows — you know — that's not how any of this works or has ever worked or ever will work.  Running a business is a constant balancing act between ever-changing costs and incomes.  And that a business that can't make a profit doesn't stay in business for long.  Price of materials goes up?  Prices go up.  Cost of labor increases?  Prices increase.  Tax hikes?  Price hikes.  A business might eat a temporary cost increase for a short while in order to avoid alienating customers, but only for a short while.

No, government spending isn't 'zero cost'.  This week, President Joe Biden made the incredible statement — sycophantically repeated by the press — that his $3.5 trillion budget bill, which includes major spending initiatives on everything from climate change to Medicare, would be "free."  Biden tweeted, "My Build Back Better Agenda costs zero dollars.  Instead of wasting money on tax breaks, loopholes, and tax evasion for big corporations and the wealthy, we can make a once-in-a-generation investment in working America."  This asinine notion immediately rocketed around the political sphere.  White House press secretary Jen Psaki explained, "The reconciliation package will cost zero dollars."  Rep. Pramila Jayapal, D-Wash., said, "This is a zero-dollar bill because it's all going to be paid for with taxes on the wealthiest corporations and the wealthiest individuals, which makes it more popular than it even was before."  Members of the media began repeating the line ad nauseum.  The reason was obvious:  Democrats are trying to cudgel Republicans into acquiescing.

We Are Governed by Children.  Sometime around mid-day last Friday, as the headwinds blew strongly against the $3.5 trillion reconciliation boondoggle, the White House and their allies in Congress decided on a new messaging strategy:  Just say it costs nothing.  Yes, in the fantasy world our political leaders inhabit, $3.5 trillion "costs zero dollars."  That was the line Joe Biden dropped on September 25th.  Worse, the media have run with that idea, arguing into absurdity that tax cuts that let you keep more of your own income "cost" money but huge, multi-trillion-dollar spending bills are somehow free because of tax hikes that may or may not produce what is claimed.  Of course, what happens when you raise taxes on corporations while spending gobs of money the government doesn't actually have?

Pompeo rips Biden over 'zero price tag' claim.  Former CIA Director Mike Pompeo ripped President Joe Biden and his statement suggesting the average person will face a 'zero pricetag' in connection to Biden's original $5 trillion federal spending proposal.  However, that amount moved closer to $6 trillion, but only recently passed the Senate at $3.5 trillion.  A report from May suggested the true number is closer to $6 trillion, but as of now, the Senate has put forth a bill of $3.5 trillion.  It was noted as a win for Biden, despite the criticism and mounting disapproval he faces.  Pompeo posted this video of Joe Biden talking about the cost of the multi-trillion proposal.  Biden says "zero" several times, suggesting that the government will pay for everything it spends.

The Editor says...
The government cannot pay for anything.  The government generates no money of its own.  It can only print the money so the rest of us can exchange our labor for goods and services.  No government spending program has ever paid for itself.  A thousand such programs operating in parallel certainly won't result in anything except greater national debt.

Sorry, Joe:  Turning US into European-style welfare state won't cost 'zero dollars'.  President Joe Biden is prone to blatant whoppers, but his claims that turning America into a European-style welfare state via the biggest expansion of federal government in decades will cost nothing are truly in a league of their own.  "My Build Back Better Agenda costs zero dollars," he tweeted last weekend, repeating his Friday line — clearly thinking Americans will believe anything.  Biden's agenda includes $1.2 trillion for infrastructure and $3.5 trillion for social spending, the Green New Deal and other Democratic priorities.  Some items in the plan are real doozies:  $3 billion for tree saplings, with priority for "tree equity"; $5 billion for environmental- and climate-justice block grants; $50 million to grow and diversify the doula workforce; $25 million for "anti-discrimination and bias training"; $90 billion, in total, for nonprofits and community groups — whose votes, as Betsy McCaughey notes, Dems hope to buy.

Billions hidden in $3.5 trillion bill to tilt election scale.  The Democrats' $3.5 trillion social-engineering bill pushed by President Biden and Nancy Pelosi is called Build Back Better.  It should be called Building a Political Scam.  Buried in the 2,465 pages are numerous billion-dollar grants to unnamed community organizations for vague purposes like promoting "community engagement," providing "support and advice," and "creating equitable civic infrastructure."  Translation:  Your taxpayer dollars will fund the payrolls of left-wing advocacy groups between elections.  In return, they become the campaign army staffing phone banks, harvesting ballots, and escorting people to the polls on Election Day.

Psaki: It's 'Unfair And Absurd' That Companies Would Raise Costs For Consumers Due To Higher Taxes.  White House Press Secretary Jen Psaki claimed during Monday's press briefing that it would be "unfair and absurd" for companies to raise costs on consumers in response to the Biden administration raising the corporate tax rate.  [Transcript]

Here's Why Biden Is so Desperate to Sell the Lie That His Plan Costs 'Zero Dollars'.  As we previously reported, Joe Biden is going all-in with this ridiculous claim, suddenly, that his $3.5 trillion budget reconciliation bill costs "zero dollars."  [Tweet]  He wasn't alone in trying to push this claim.  As we pointed out, he had Sen. Cory Booker (D-NJ) parroting the claim.  Now, other Democrats have jumped aboard the narrative train including Rep. Pramila Jayapal (D-WA), the head of the Congressional Progressive Caucus.  [Tweet]  Rep. Alan Lowenthal (D-CA) signed on board as well.  [Tweet]  Here's White House Press Secretary Jen Psaki trying to sell the same claim.  [Tweet]

Biden Claims His $3.5 Trillion Spending Package Actually Costs $0.  According to [Joe] Biden, or whichever handler runs his Twitter account, his $3.5 trillion spending package actually costs "zero dollars."  "My Build Back Better Agenda costs zero dollars," Biden claimed in a Twitter posts.  How does it cost "zero dollars" you may ask?  Because Biden just plans on robbing you, the American taxpayer, to pay for the package which in turn makes it "zero dollars."  Makes total sense!  "My Build Back Better Agenda costs zero dollars," he tweeted.  "Instead of wasting money on tax breaks, loopholes, and tax evasion for big corporations and the wealthy, we can make a once-in-a-generation investment in working America.  And it adds zero dollars to the national debt."

The Editor says...
Nobody is that stupid.  This guy is nuts.

Biden White House's lies [are] a matter of life and death.  President Biden has gotten away his entire career with bending the truth and taking people for fools.  Now the habit has infected his entire administration.  So many lies are pumped out these days that it is impossible to keep up. [...] Lie 6:  The cost of the Democrats' $3.5 trillion social welfare bill is "zero" dollars.  Biden said this on Friday, when talking about slaying imaginary "trillionaires" with a mystery-box bill no one has a clue about.  "It is a zero price tag on the debt ... It's going to be zero, zero," he said.  The math doesn't need elaborating.  $3.5 trillion is not zero.

Don't buy the hype. Wealthy, big corporations do pay their fair share of taxes.  [Scroll down]  By contrast, the latest data from the Congressional Budget Office shows that in 2018, the year after the Tax Cuts and Jobs Act (TCJA) lowered taxes for every income group, the share of income taxes paid by the top 1% of taxpayers reached a near-record high of 41.7%.  The same group paid almost 26% of all federal taxes, twice the share paid by the bottom 60% of Americans combined.

Biden's Budget: The Road to Serfdom.  In President Biden's budget speech Thursday, he referred on eight separate occasions to "pay their fair share."  He just kept repeating it.  Some left-wing pollster probably told him that it plays well in progressive precincts.  As you may have guessed, this performance and its content got under my skin.  Mr. Biden is always blaming businesses and wealthy successful individuals.  Always blaming them.  And it's a lie.  It's a big lie.  Just like any left-wing propagandist.  Say it enough, and it becomes true.  It goes way beyond cognitive dissonance.  It is just a big lie.  Let's look at some facts.  This is from the Internal Revenue Service as analyzed by the nonpartisan Tax Foundation.  First, the United States has the most progressive tax system in the world.  That's according to an OECD study several years ago.  Progressive means the upper end pays far more than the low end.  So here are some facts, according to IRS data from 2018, the most recent numbers available.  The top 1% of taxpayers paid $616 billion, which is 40% of all the income taxes paid.

The true cost of Dems' '$3.5 trillion' plan is actually $5 trillion.  We'll probably keep referring to it as a "$3.5 trillion" bill to avoid confusion, but it's well worth noting that Democrats' "human infrastructure" plan would actually cost far more — at least $5 trillion.  The standard way to "score" costs is to say what they'd be over the first decade.  So to reduce sticker shock, the bill pretends that key new entitlements — in particular, a huge expansion of Medicaid — will expire after just three years.  In reality, at that point Dems will argue that it would be incredibly cruel to not fund "promised" benefits and suggest some new tax hikes to cover the added costs.

Report: Democrat Tax Hikes Will Raise Taxes On Middle-Class Americans Despite Biden's Claims.  Congressional Democrats' proposed tax hikes, which are endorsed by the Biden administration, will violate the White House's promises to spare Americans who make less than $400,000 annually from any tax increases.  President Joe Biden and the White House are framing the Democrat-led tax increases as a "historic middle-class tax cut," but their promises to put the dollar burden on just the "wealthy and large corporations" are false.

Joe Biden Breaks Pledge:  Raises Taxes on Americans Earnings over $50k.  The Democrats' $3.5 trillion infrastructure bill would break President Joe Biden's pledge not to increase taxes on working-class Americans.  The Joint Committee on Taxation (JCT) found that the House Ways and Means Committee's portion of the $3.5 trillion infrastructure bill would increase taxes on Americans making over $50,000 or more per year in the calendar year 2031, according to a Joint Committee on Taxation (JCT) report.

Ron Klain: $3.5T Democrat Agenda 'Adds Nothing to the Debt — Nothing to the Debt'.  In the evenly divided Senate, Democrat Joe Manchin of West Virginia has made it clear, in writing, that he does not support the $3.5-trillion reconciliation bill, which contains massive new entitlement programs long favored by Democrats.  But Ron Klain, President Biden's chief of staff, told CNN on Sunday [9/5/2021] he believes the package will pass, despite Manchin's "strong views" on the price tag.  "We're going to work together to find a way to put together a package that can pass the House, that can pass the Senate, that can be put on the president's desk and signed into law," Klain told "State of the Union" with Dana Bash.

Biden is breaking his tax increase pledge.  President Joe Biden has proposed trillions of dollars of new tax increases.  He has pledged repeatedly that his tax increases will not touch anyone earning less than $400,000.  These tax increases, he has promised, will only hit the very wealthy and the largest corporations.  But the president is breaking his pledge.  He either does not realize or is ignoring the impact his corporate tax increases will have on millions of middle-class people earning far less than $400,000.  Study after study shows that the Biden tax increases will hit millions of working people, consumers, and savers.

Democrats' spending bill [is] bigger than advertised.  Two centrist sources, one of them explicitly Democratic, provided further reasons why Congress should reject the Democratic Party's massive $3.5 trillion "reconciliation" spending bill.  The best new reason to oppose Democrats' massive, $3.5 trillion reconciliation spending bill is that even its outlandish price tag represents an exercise in budgetary sleight of hand.  In other words, it is a lie.  The Committee for a Responsible Federal Budget — a respected, non-partisan arbiter — notes in a statement that its true cost "could exceed $5 trillion."  Before getting into the details, it is worth noting this $5 trillion budget blowout would come on top of a $1.2 trillion "infrastructure" bill that is more about social spending than bricks and mortar.  That one, in turn, would come atop — get this! — a total of $5.7 trillion already spent in six different COVID-19 relief bills and several executive orders in just 13 months.

The Debate Over Infrastructure Funding Gimmicks Is Exactly What's Wrong With Washington.  After a conservative backlash, Republican senators negotiating an infrastructure bill have objected to an increase in funding and authority for the IRS. In lieu of additional revenue obtained from auditing taxpayers, how do lawmakers now propose to fund increased federal spending allegedly on roads and bridges?  Through a budget gimmick.  In short, Congress now wants to repeal a rule that 1) hasn't gone into effect and 2) likely won't ever go into effect, so it can take the phony "savings" associated with repealing something that won't happen anyway and use it to "pay for" real increases in spending.

Jen Psaki Contends the Remaining $1.6 Trillion In Unspent Pandemic Relief Funds Are 'Minimal'.  The Committee for a Responsible Federal Budget is attempting to track the federal pandemic relief money as it gets spent.  According to their charts, out of the $900 billion authorized to be spent through administration actions, $700 billion has been allocated; out of the $5.9 trillion authorized to be spent through legislative actions, $4.3 trillion has been allocated, and out of the $6.3 trillion authorized to be spent through Federal Reserve actions, only $3.3 trillion has been allocated.  Even if we just stick to the administrative and legislative actions, that's about $1.8 trillion — not exactly chump change.

Yellen Admits Inflation Is About To Surge, Says It Will Be A "Plus For Society".  Last week, when Biden released his $6 trillion budget, we asked if it was a joke that the BIden budget saw just 2.1% inflation in 2021 and 2022.  Fast forward to this weekend, when Fed Chair Treasury Secretary Janet Yellen addressed our rhetorical concern, and following the G7 finmin meeting in London where the world's most advanced nations agreed to impose a 15% minimum corporate tax rate (with zero enforcement provisions), said that contrary to the Biden Budget, inflation could climb as high as 3% this year in what the WaPo said was "the first time the Biden administration projected what inflation could be through 2021", which by the way is dead wrong since Biden's budget just last week predicted only 2.1% CPI in 2021.

Senate Republicans propose allowing states to redirect federal funds to debt reduction.  Senate Republicans will introduce legislation Thursday [4/20/2021] to allow state and local governments to redirect federal government grants they receive to go toward paying down the growing national debt instead.  In particular, the bill would ensure that Democratic-led blue states don't end up receiving federal funds that red states have rejected.  GOP Sens. Cynthia Lummis of Wyoming and Rick Scott of Florida are set to introduce the Pay Down the Debt Act of 2021 to give state and local leaders the power to take concrete steps to reduce the federal debt.

The Editor says...
I'm no economist, so tell me how that's supposed to work.  The federal government prints up a bunch of money, borrowed from the national debt.  Then the states take the money, and instead of spending it, they send it back to the federal government to pay down the debt.  That won't affect the debt at all.  The federal government could eliminate the middle-man and just print $20 trillion, and then have a big ceremony at which they drop all that cash into an enormous made-for-TV piggy bank.  The effect is the same.  This kind of shell game is something you'd expect from the Democrats!

Non-defense spending spree
6 Charts Highlight Troubling Trends Driven by Growing Nondefense Spending.  If you listen to the narrative being promoted by President Joe Biden and his allies on the left, it would be easy to think that the federal government spends more than enough on the military and little on nondefense social programs.  Yet the reality is exactly the opposite.  The federal government has become home to an ever-expanding assortment of benefit and subsidy programs (and bureaucrats to administer them), while shortchanging constitutional priorities such as national security.  The growth of the federal budget and the debt has been driven by an unsustainable growth in nondefense spending.

War Of Words Over Inflation Stirs Questions for the Fed.  The war of words unleashed on Wall Street and in Washington by Wednesday's announcement of an unexpectedly high rate of consumer price inflation is escalating by the day.  Legendary hedge fund manager Stanley Druckenmiller had warned on Tuesday in the Wall Street Journal that the Fed was enabling fiscal and market excesses by not standing up to the political whims of Congress; he stated on CNBC that the Fed's overly accommodative monetary policies posed a risk to the status of the United States dollar as a global reserve currency.  Refuting such concerns, Paul Krugman asks today in his column for the New York Times whether President Biden should scrap his entire economic agenda merely because the spike in consumer prices as reported by the Bureau of Labor Statistics was bigger than expected.  "OK, I'm being a bit snarky here, but only a bit," Mr. Krugman concedes.  Snarky is hardly the word for the crass deprecations he offers in his concurrent newsletter, wherein he notes "a lot of buzz around how the Fed's wanton abuse of its power to create money will soon lead to runaway inflation." The Nobel laureate dismisses fears of monetary debasement as being anchored in neither fact nor logic but rather attributable to an "infestation of monetary cockroaches."

New Math:  Psaki Says Inflation Is a Sign of Economic Success.  The Consumer Price Index (CPI) numbers were just released and — in a bit of bad news for the Biden administration — they indicated inflation rose faster in April 2021 than it had in 12 years. [...] Gas consumers don't need to see those numbers to know they've been paying more at the pump.  Nor do people looking to buy a used car or a new home.  But that bad news didn't stop White House Press Secretary Jen Psaki from telling Americans that the rising prices were simply a sign of the Biden administration's "successful economic strategy" in a word salad answer to a reporter's question Thursday [5/13/2021].

'I'm not a deficit spender,' Biden says.  In a pitch to Louisiana voters, President Joe Biden touted tax hikes on corporations and wealthy people, measures he said were necessary to pay for his sweeping infrastructure package.  "I'm not a deficit spender," Biden said in Lake Charles, standing before a 70-year-old bridge that former President Donald Trump had promised to rebuild two years ago were he to win a second term.  It was Biden's latest stop on a nationwide tour to build support for his nearly $2.3 trillion "American Jobs Plan," where he was joined by Lake Charles Mayor Nic Hunter, a Republican.

Biden's 'families' plan costs $700B more than WH estimate:  Model.  President Biden's $1.8 trillion families plan actually costs $2.5 trillion and would shrink the economy in the long run because of escalating debt, according to projections released Wednesday by an influential budget model out of the University of Pennsylvania.  The study came as Mr. Biden vowed not to add to federal deficits to get his agenda through and pointed to other analyses that are more bullish on his plans.  The pricier estimate comes from a boost in projected costs for tax credits and spending on provisions like universal pre-K and free community college, according to the Penn Wharton Budget Model.

Joe Biden Mumbles About His "Infrastructure" Bill, Bizarrely Claims His $3 Trillion in Tax Hikes "Doesn't Cost Anybody Anything".  Joe Biden on Thursday [5/6/2021] stumbled through remarks on the American Jobs Plan while visiting Lake Charles, Louisiana.  Biden is completely clueless and he struggled to read through his notes (as usual).  Joe Biden falsely claimed his "infrastructure" bill that has virtually nothing to do with infrastructure will create 16 million jobs.  Biden also absurdly claimed that his $3 trillion in tax hikes "doesn't cost anybody anything."

The lies of Joe Biden.  Last night, Joe Biden lied about a range of issues.  NRO identifies three of Biden's deceptions.  Phillip Klein exposes Biden's falsehood regarding health care.  Biden claimed that giving Medicare the power to negotiate lower prices for prescription drugs will "strengthen the Affordable Care Act — expand Medicare coverage and benefits — without costing taxpayers one additional penny."  Nonsense.  Klein points out that the Congressional Budget Office has twice concluded that "providing broad negotiating authority by itself would likely have a negligible effect on federal spending."  Yet, Biden claimed that the supposed savings would be enough to pay for an Obamacare expansion that would cost $200 billion, according to the White House "fact sheet" released earlier in the day.

Gillibrand mocked for calling child care, paid leave 'infrastructure'.  Sen. Kirsten Gillibrand, D-N.Y., is getting flak after she tweeted examples of infrastructure that seemed to stretch the meaning of the word.  Merriam-Webster's dictionary defines infrastructure as "the system of public works of a country, state, or region," "the resources (such as personnel, buildings, or equipment) required for an activity," "the underlying foundation or basic framework (as of a system or organization)," or "the permanent installations required for military purposes."  Politically, it is often considered to refer to transportation, roads, bridges and items of that nature.  This quickly led to a barrage of mockery and criticism.  Some took an absurdist approach, implying that Gillibrand's tweet is removed from reality.  "Unicorns are infrastructure.  Love is infrastructure.  Herpes is infrastructure.  Everything is infrastructure," Daily Wire founder Ben Shapiro tweeted.

Will You Be Drowned By Biden's Coming Tidal Wave Of Tax Hikes?  Joe Biden's massive $2 trillion "infrastructure plan" is in fact another giant tax hike disguised as a jobs program.  Even worse, the Bidenites pretend that the taxes will hit wealthy people and big corporations hard, while the spending will provide jobs for struggling workers.  Don't believe any of it.  First, a reality check.  Spending was up sharply last year, and will likely be up at least 50% this year.  Yet, even the tax hikes now being discussed won't come close to covering the spending increases.  Let's review:  During the pandemic year, the U.S. spent $6.5 trillion, a 47% surge in just one year.  This year, we've already added about $4 trillion in new spending.  Debt is now an unimaginable $30 trillion, and headed much higher.  And yes, we have to pay it off, even if we "owe it to ourselves," as some like to say.

The 10 Radical New Rules That Are Changing America.  There are 10 new ideas that are changing America, maybe permanently.  [#1] Money is a construct.  It can be created from thin air.  Annual deficits and aggregate national debt no longer matter much.  Prior presidents ran up huge annual deficits, but at least there were some concessions that the money was real and had to be paid back.  Not now.  As we near $30 trillion in national debt and 110 percent of annual GDP, our elites either believe permanent zero interest rates make the cascading obligation irrelevant, or the larger the debt, the more likely we will be forced to address needed income redistribution.

Yet Another Big Lie Behind Biden's $1.9 Trillion COVID Bill.  Last week, governors and mayors from around the country came to the White House with cups in hand for COVID aid and found a president eager to listen to their pleas of poverty.  "They've been working on their own in many cases," President Joe Biden said, promising to come to the rescue with $350 billion in federal "relief" funds.  It was a good act.  But back home, states across the country are reporting huge surpluses, thanks not only to previous federal COVID handouts (which totaled more than $400 billion) but because tax revenues are surging as the economy rapidly rebounds.  As the City Journal reports, "Undoubtedly some states and cities have faced challenges, but nationwide, state and local governments have seen tax revenue rebound to pre-pandemic levels, even as they have continued to receive a large influx of federal funds."

CNN Says Americans 'Unlikely' to See Higher Taxes Under Biden.  CNN is trying to hoodwink Americans into believing that their taxes won't increase under a Biden administration.  The network's latest article read like a press release by former Vice President Joe Biden's campaign staff:  "The vast majority of Americans are unlikely to see their taxes go up under President-elect Joe Biden, despite false claims by President Donald Trump to the contrary."  The article used the left-wing Tax Policy Center (TPC) as its source.  CNN Politics writer Katie Lobosco, in her piece headlined "Will your taxes go up under Biden?  It's unlikely," reiterated the false Biden campaign position that the tax plan "wouldn't raise individual taxes on anyone earning less than $400,000 a year, which is more than 90% of taxpayers."  That flies directly in the face of a rare fact check that ABC's Jonathan Karl did on that same Biden claim.

Watch: Liberals Complain Trump Made Their Tax Returns Smaller, Then Reality Shows Up.  One of Donald Trump's key achievements in his first four years of office was passing a massive tax cut which lowered the rates for 80+% of Americans.  Despite that, Democrats have waged a relentless misinformation campaign purporting that the tax cuts only went to the rich and that the middle class were not helped.  That's objectively not true, but that hasn't stopped the left from showing they apparently have no idea how tax returns work.

Joe Biden's tax plan doesn't make much sense at all.  It's election season, so politicians are naturally going to spout off some pretty weird proposals.  Given what voters believe, it's not possible for every proposal to be useful and still appeal to us for our votes.  However, Joe Biden's tax proposals manage to be wrong in both theory and practice, which is pretty good going even by the low standards of politics.  The specific points that catch my eye (among the deep well of giveaways for favored constituencies, including carbon capture, child tax credits, and all the rest) are about corporate and capital income taxation.  The theoretically wrong proposal is that the corporate income tax should rise.  This is on the grounds that corporations should be paying in to support the country that supports them.  The thing is, companies don't pay taxes. [...] We can tax, in name, groups of people like a corporation, but it is only in name.  We're still taxing people in the end.

Lying PolitiFact Lies About Biden's Own Words on Raising Taxes.  A pro-Trump political ad quotes Joe Biden directly and the lying liars at the lying PolitiFact still rate it "mostly false."  Like most of the country, I hardly pay any attention to PolitiFact, or any of these fake fact checkers anymore.  Over the years, they have completely discredited themselves.  So, they no longer move the ball.  For a lot of years it was my job to expose them, at least until they were so discredited they could no longer move the ball.  Mission accomplished.

Warren's 'Wealth Tax' Wouldn't Bring in Nearly as Much Revenue as She Claims.  [Elizabeth] Warren claims the tax will bring in $3.7 trillion over 10 years.  The Wharton study reveals a more realistic number not based on fantasy-land assumptions:  $2.3 trillion.  Not only that, the tax will dramatically affect economic growth and shrink the wealth of the very people she claims to be helping:  the middle class.  Of course, Warren's proposal is political and her people made political assumptions about the projection.  But what makes her faulty numbers important is that she is going to spend that cash — and much more — on government programs like Medicare for All and "free" college tuition.

Elizabeth Warren on paying for expensive program: 'C'mon, there's always money...'.  In what ought to be a career-ending slip, facing a friendly questioner, Lily Eskelsen Garc'a, president of the National Education Association, her belief in a fantasy world where money can be endlessly spent came out.  Watch her brush off concern over funding an expensive education program with the words, "The way I see it, there's always, c'mon, there's always money.  It's there."  Juan and Evita Perón thought the same thing, and they ruined the economy of Argentina, a country that had enjoyed a standard of living comparable to that of the United States at the turn of the twentieth century, only to fall into a long-term decline that currently has it at roughly 20% of the U.S.'s per capita GDP.

Fake Wealth and Income Statistics.  Tendentious statistics are constantly put forth by various neo-Marxists trying to prove that American society is unjust and that confiscatory taxes should therefore be imposed on the wealthy.  The advocates of a wealth tax don't seem to be aware that we already have a 40% wealth tax imposed upon death — the estate tax.  The neo-Marxists often contrast the maximum 37% tax on earned income with the maximum 24% (technically 23.8%) tax on long-term capital gains.  But capital gains taxes are often a tax on inflation.

Elizabeth Warren's cruelty.  Warren's method is to tell voters that someone else will bear the costs.  She denies the obvious truth that our problems are inherently tough to solve and instead declares that they persist only because other politicians are bought and paid for.  The real problem with Warren's tale isn't that this is class warfare, although it certainly is that.  The real problem is, rather, that it is a lie.  Warren has championed "Medicare for all" as a way to cater to her party's left-wing base, but she's also trying to sell it to ordinary people.  She offers freedom from the injustice of insurance companies and the fear of being uninsured.  She tells us we'll never have to worry about another medical bill again.

Biden:  Warren's A Liar.  Democratic presidential candidate Joe Biden on Friday [11/1/2019] accused Sen. Elizabeth Warren (D., Mass.) of making up the numbers for her recent Medicare for All cost estimate.  Biden went on the attack after PBS host Judy Woodruff repeated the Warren campaign's estimate that government run health care would only cost about $20 trillion.  "She's making it up," Biden said.  "She's making it up.  Look, nobody thinks it's $20 trillion.  It's between $30 and 40 trillion dollars.  Every major independent study that's gone out there — that's taken a look at this, there's no way — even Bernie, who talks about the need to raise middle class taxes — he can't even meet the cost of it."

Warren: Middle-Class Taxes Won't Go Up 'One Penny' for $52 Trillion Health Care Plan.  In a long-awaited plan released Friday [11/1/2019], Sen. Elizabeth Warren (D., Mass.) pledged to not raise middle-class taxes to pay for her proposed single-payer health care system.  After months of dodging questions about whether she would hike middle-class taxes to pay for Medicare for All, the 2020 candidate made a firm promise to voters about a $52 trillion system involving $20.5 trillion in new federal spending over the next 10 years.  "We don't need to raise taxes on the middle class by one penny to finance Medicare for All," Warren wrote in a post detailing her proposal.

Democratic Debate: 10 Questions Left on the Cutting Room Floor.  [#1] About the Trump tax cuts, Democrats like Rep. David Cicilline, D-R.I., claim that 83% of the benefits would go to "the top 1%, richest people in this country, and the most powerful corporations."  But the Washington Post fact-checker said:  "The nonpartisan Tax Policy Center found that initially more than 80 percent of taxpayers would get a tax cut, with less than 5 percent getting a tax increase."  Why, then, do you keep restating what The Washington Post said isn't true?

Democratic Party presidential candidate are unqualified... and weird.  [Scroll down]  Elizabeth Warren, AKA Pocahontas, says she will fund Medicare for all by taxing the "wealthy and big corporations."  Even Joe Biden found this ludicrous and unbelievable.  She refused to answer the question whether she will raise taxes on the middle class to fund Medicare for all.  We all know that tax rates have to be raised on all taxpayers to fund Medicare for all.  All the candidates have proposals to "fix health care."  Nobody asked the candidates why we need to "fix health care," since Obama supposedly fixed it with his Obamacare.  We were told by Obama, Biden, and Pelosi that Obamacare would reduce premiums and insure the uninsured and that we could keep our doctors.  Evidently, Obama, Biden, Pelosi, and the rest of the gang lied to us.  Shocking.

Elizabeth Warren's stubborn dishonesty on raising middle-class taxes.  Sen. Elizabeth Warren deservedly drew heat from several rivals over her stubborn refusal to acknowledge that implementing a $32 trillion plan to provide free health insurance to everybody would require increasing middle-class taxes.  But since she keeps trying to make the same bad argument, it's worth reviewing what's so dishonest about it.  Warren, whenever she's asked about whether middle-class taxes would go up, argues that costs would only go up for corporations and the wealthy, but "costs would go down for the middle class."  Essentially, she's trying to make the case that because middle-class Americans would be getting free healthcare, their costs would go down overall.

Liberals Don't 'Invest'; They Spend Other People's Money.  Sen. Bernie Sanders of Vermont, a self-avowed socialist, sometimes sounds like a multibillionaire entrepreneur when promoting his political agenda.  He intends, you see, to "invest" a great deal of money.  Of course, unlike a billionaire entrepreneur, Sanders won't be investing his own money.  He will be "investing" yours.  Nor does Sanders intend to be a mere retailer.  He is promising to make "massive investments" in a "Green New Deal" that will result in "a wholesale transformation of our society."

Bernie: 'A Lot of People in the Country Would Be Delighted to Pay More in Taxes'.  Democrat presidential candidate Sen. Bernie Sanders (I-VT) said on Wednesday night [6/12/2019] during a CNN interview that "a lot of people" would love to pay more in taxes if it meant that they got government-run health care.

No, Tax Cuts Aren't Causing the Latest Deficit Spike.  The Treasury Department reported a $208 billion deficit for the month of May — which is $61 billion higher than May 2018.  To put that in perspective, the deficit for the entire year of 2007 was $161 billion.  In the first eight months of the current fiscal year, red ink has already reached $738 billion.  Even adjusting for inflation, the total annual federal deficit has exceeded that only six times in the nation's history (five of them under President Obama).  Not surprisingly, the Republican tax cuts are taking the blame for this year's extraordinary deficits.

Over $10,000 to Dems, $650 to GOP: Just How 'Non-Partisan' Is The Congressional Research Service?  Late last month, the Congressional Research Service released a report entitled "The Economic Effects of the 2017 Tax Revision:  Preliminary Observations."  "On the whole, the growth effects tend to show a relatively small (if any) first-year effect on the economy," the CRS found, adding that "Although examining the growth rates cannot indicate the effects of the tax cut on GDP, it does tend to rule out very large effects in the near term."  A number of media outlets, as could be expected, went apoplectic, declaring that the Trump tax cuts have nothing to do with the booming economy, and thus also won't make up any of the revenue lost.  With the supply-side tax cuts of Calvin Coolidge, John F. Kennedy, Ronald Reagan and George W. Bush all followed by economic booms, you would think the doubters' faith in the religion of coincidence would be shaken.

Washington Post Gives Biden 4 Pinocchios for Claiming Only the Rich Got Trump Tax Cuts.  One of the misperceptions of the tax cut is that because tax refunds have been relatively flat when compared to last year that most people didn't get a tax cut without taking into consideration the adjustment in the tax withholding tables which added roughly $25 per week to the average paycheck.  A point the media rarely mentions.  The Post contacted the Biden campaign and received the standard line about the tax cuts being a giveaway for the wealthy and big corporations and gave Biden the maximum four Pinocchios for misstating the facts.

MMT: The Latest Liberal Economic Fantasy.  The new economics is called Modern Monetary Theory or MMT for short.  MMT is gaining traction among high-profile Democrats and other liberals that are looking for ways to finance social and ecological programs that they hope to implement in the future. [...] Critics say that MMT is neither monetary nor a theory.  It more closely resembles a political opportunity, since it puts everything in the hands of enlightened politicians.  Its promoters keep the theory sufficiently vague to avoid close scrutiny.  They tend to stay outside of the mainstream economic journals and inside social media.

How Democrats misled the nation about Trump's tax cuts.  As even The New York Times (yes, the anti-Trump Times) noted, Tax Policy Center figures show 65 percent of taxpayers got tax cuts last year, thanks to the 2017 Trump tax reforms; just 6 percent had to pay more.  Yet in early April, SurveyMonkey found only 40 percent of Americans believed they saw savings, and only 20 percent felt sure they had.  An NBC/Wall Street Journal poll last month found even fewer, just 17 percent, thought their families would pay less.  Why are so many people under the wrong impression about their own taxes?

9 Apocalyptic Lies Fed To Americans About The Republican Tax Bill.  Monday [4/15/2019] is the first Tax Day under the new Republican tax bill passed in December 2017, and the results are not what Democrats and their media apparatus predicted.  Many Americans are discovering that they are not only alive and well, but indeed paying less taxes.  As Ben Casselman and Jim Tankersley pointed out in The New York Times, there is a disparity between what Americans thought they would be paying the IRS this year, and what they actually paid.  This myth, "appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand it as a broad middle-class tax increase."

Vox Writer Praises Progressives for Misleading Americans on Tax CutsVox writer Matthew Yglesias praised progressive groups for misleading Americans about their taxes Monday [4/8/2019].  In a tweet, Yglesias praised the "messaging success" over President Donald Trump's Tax Cuts and Jobs Act.  The president signed the bill into law in December 2017.  At the time, then-Speaker of the House Paul Ryan (R., Wis.) said the bill would save families making $73,000 per year more than $2,000.  "[P]rogressive groups did a really good job of convincing people that Trump raised their taxes," Yglesias said.

Newsrooms that rushed to report tax refunds were smaller this year go silent on IRS data showing refunds have increased.  Tax refunds are up from where they were this time last year by 1.3 percent following the fourth week of the 2019 filing season, according to new Internal Revenue Service data.  To be more specific, the average tax refund has increased to $3,143 from $3,103 last February, according to cumulative statistics comparing the 2018 and 2019 filing seasons.  Oddly enough, certain newsrooms have responded to this development with total silence.  I say "odd," because it was just a few weeks ago that these same newsrooms rushed to report that tax refunds were smaller this year, suggesting either implicitly or explicitly that the decrease was tied to the Republican Party's tax reform bill.

Democrats Are Misleading Americans About Their Tax Refund.  Democrats looking to score points against President Donald Trump this week focused attention on data from the government that showed refund checks going out to early filers were smaller than they were a year ago.  Sen. Kamala Harris (D-CA) falsely claimed that smaller refunds indicated that the tax cuts amounted to a "middle-class tax hike."  The smaller refund checks, however, were not indicators that taxes have gone up.  In fact, two-thirds of American households got a tax cut this year.  For middle-class families with children, over 80 percent got tax cuts.

Cuomo blames federal tax law for $2.3 billion New York budget deficit.  New York State is facing a $2.3 billion budget deficit, and Gov. Andrew Cuomo believes it's largely due to the Trump administration's tax reforms which, on the "flip side," have taxed the rich and may be encouraging wealthy residents to leave.  President Trump's Tax Cuts and Jobs Act, which takes effect for the 2018 tax year, places a cap on the state and local tax deduction (known as SALT) that Americans can take.  Residents of largely blue states with relatively high state and local taxes are adversely affected, Cuomo says, by the new cap of a $10,000 deduction.  New York state's average SALT deduction was around $22,000 before the law changed.

Trump's Tax Cut 'Scam' Created 1.3 Million New Jobs, New CBO Data Show.  During the tax cut debate in 2017, Republicans argued that the cuts would at least partially pay for themselves by spurring economic growth.  Democrats said they were nothing more than a giveaway to the rich.  The latest data from the Congressional Budget Office makes it clear that the GOP had it right.

The Importance of Getting History Right.  [Scroll down]  Another lie, born of ignorance, is that the American revolution was merely a tax revolt.  The idea is to minimize our history down to financial considerations: dialectical materialism.  But anyone familiar with the Currency Act and the Intolerable Acts knows full well that more was at stake.  Many of the colonials were descended from people whose ancestors had suffered under British law and how it had reduced large sections of Ireland and some parts of Scotland to abject poverty.  They were determined not to become New World vassals.  But if one wants to minimize the treasure that is our Constitution, then reduce American history to tax law.

No, The Deficit Isn't 'Soaring,' And Yes, Tax Revenues Are At Record Highs.  In the first two months of the new fiscal year, tax revenues are up.  But so is the deficit.  Why?  Because spending continues to outpace revenues.  So why do tax cuts keep getting blamed?

Skin In The Game.  The argument that tax cuts reduce federal revenues can be disposed of quite easily.  According to the Congressional Budget Office, revenues from federal income taxes were $76 billion higher in the first half of this year than they were in the first half of 2017.  The Treasury Department says it expects that federal revenues will continue to exceed last year's for the rest of 2018.  Despite record federal revenues, 2018 will see a massive deficit, perhaps topping $1 trillion.  Our massive deficit is a result not of tax cuts but of profligate congressional spending that outruns rising tax revenues.  Grossly false statements about tax cuts' reducing revenue should be put to rest in the wake of federal revenue increases seen with tax cuts during the Kennedy, Reagan and Trump administrations.

Yes, lefties, tax cuts work.  They are actually working extremely well here in the U.S., and the additional growth from a new one will obviously give the government higher revenue in the long run.  It is too bad that both parties spend too much on government, but revenue is not the problem.  Their overspending can be seen in the deficit, which has increased because of the massive debt run-up under President Obama and previous presidents.  Then there's the Federal Reserve: instead of doing anything to check Obama's overspending, it held rates at zero and allowed Obama's pathetic economy to go on.  But as economist Herbert Stein has noted, anything that can't go on will stop.  So now they are raising rates to get inflation under control, this after years of allowing Obama to print money.

No, Tax Cuts Are Not Driving Deficits — It's The Spending.  Are President Trump's massive tax cuts what's driving federal deficits upward.  Everyone says so.  But, it's not true.  It's just a way for lawmakers to distract the public while they crank up the spending machine.  Just like the Senate did this week.

Open Borders Are Not Libertarian So Long As America Is A Welfare State.  On social media, libertarians tend to argue that immigrants, even illegals, pay taxes too, through their rent to their property-tax-paying landlords.  The average annual per child expenditure of an American public school is $12,000, and as high as $29,000 in Washington, D.C. and other jurisdictions.  The idea that many immigrants, living crowded into low tax assessment properties, pay anything like $12,000 annually in property taxes per child they commit to the local school is prima facie ridiculous.

Elizabeth Warren stands by call to overturn income tax cuts.  Despite the recent boost in the economy, U.S. Sen. Elizabeth Warren isn't budging on her position to increase taxes.  "Let's be clear, the Republicans just gave away a trillion and a half dollars in tax cuts to billionaires and giant corporations," Warren told the Herald yesterday [7/28/2018].  "Those tax decisions, they're not about numbers, they're about values.  They're about who you believe the government should work for."

Fed Up in Seattle.  Don't believe the hype that "Amazon killed the Seattle head tax," the new levy that the city recently passed on businesses to fund an affordable-housing initiative.  The truth behind the city council's stunning reversal — repealing the tax by a 7-2 vote, just four weeks after passing it 9-0 — is that Seattle citizens have erupted in frustration against the city's tax-and-spend political class that has failed to address the homelessness crisis, despite record new revenues.  As recently as a few years ago, it seemed as if Seattle voters largely viewed our hyper-progressive city council as a harmless oddity in an otherwise tolerant, thriving, liberal city.  But times have changed.  Now, according to recent public polling, 83 percent of Seattle voters are dissatisfied with how the council has addressed homelessness, 65 percent believe that the local government hasn't used new tax revenues effectively, and 63 percent believe that the city has enough money to solve the problem but isn't pursuing the right policies.

Nancy Pelosi: 'Democrats believe you must pay as you go'.  Democrats will lower the federal debt if they retake control of the government, House Minority Leader Nancy Pelosi said Thursday [5/10/2018], even as they seek to enact major infrastructure spending and other new programs while undoing the GOP tax law.  "Democrats believe you must pay as you go," the California Democrat said at an event hosted by the fiscally conservative Peter G. Peterson Foundation.  New government investments must be offset in the budget, she said.  Pelosi steered clear of saying how Democratic initiatives, such as a new federal education and housing funding, would be paid for.

The Editor says...
If the "Democrats believe you must pay as you go," why is the national debt over $21 trillion?

No, The U.S. Isn't 'Undertaxed'.  One of the talking points Democrats and the left often drag out to justify reversing the Trump tax cuts is that the U.S. is "undertaxed" compared with other nations.  A new study shows that's false.

Keeping My Earnings Is Not a 'Subsidy'.  One might argue about the efficacy of our state's and nation's tax code and how its myriad tax deductions are arranged, but that doesn't mean that keeping our own money is the equivalent of a subsidy.  I've heard reasonable arguments for reducing tax deductions for home ownership in exchange for reducing other taxes. [...] Hammering people with a massive tax bill upon a home's sale will only reduce mobility and limit the number of resale houses that become available, but tax hikers don't often worry about the Law of Unintended Consequences.  But this mischaracterization of "subsidy" is widespread.  If we're all subsidized, then no one is subsidized.  It's all moral equivalence, at that point.

What a Crumby Thing for Cory Booker to Say.  Never mind the eight years during which President Obama accumulated more debt than all prior presidents combined.  [Senator] Booker insists that keeping too much of our paychecks and not the government spending too much is what drives up the national debt.  If Booker has any plans for cutting spending outside the military, they are the only thing in Washington that has not been leaked.  Letting people keep more of what they earn is not "spending," and companies giving more of what they earn to their employees is not spending, either.  Booker is typical of those who believe that all money belongs to a government that decides how much of it we will be allowed to keep in exchange for our votes.

Tell the Truth on Tariffs!  While totally free trade is an ideal and a goal, it is impossible to accomplish without becoming wholly interdependent on other nations.  There will always be another country capable of driving your domestic industry into the dirt on some product or another, as no one nation can be the most efficient and best producer of everything that nation requires.  Because some industries cannot be outsourcedwithout risk to national security — even to friendly nations — trade representatives have always balanced imports and exports of these products through the use of taxation (tariffs) to both protect the viability of their domestic industries and to ensure a place for their own exports in the economies of other nations.  While a simplistic explanation, it covers the basic function of tariffs.  Throughout history, administrations and regimes have misused tariffs, sparking "trade wars."  And it is true that these disruptions have proven costly to both sides, but to say "no one wins in a trade war" is patently false.

New York Times issues embarrassing correction after botching story attacking Trump's tax plan.  The New York Times issued an embarrassing correction after a report that attacked President Donald Trump's recently passed tax plan got the numbers about as wrong as could be.  The lengthy Feb. 23 feature, headlined, "Get to Know the New Tax Code While Filling Out This Year's 1040," sought to detail how Trump's tax plan would hurt middle-class families.  A hypothetical couple — christened Sam and Felicity Taxpayer — would see their tax bill rise by nearly $4,000, according to the story.  Then came the correction saying the family would actually see taxes go down.

Tax cuts and more money in your pocket is nothing but a 'dark cloud' for Democrats.  Last week President Trump's tax cuts started to get personal as people across the country logged into their bank accounts and began to find increases in their paychecks.  The doom and gloom tax cut scenario the Democrats tried to sell the American people started to become exposed as nothing more than highly charged rhetoric.  This from a party desperate to justify why not a single one of them voted in favor of letting people keep more of their money.  As people's wallets began expanding this week it just got real.  More money back in the hands of people of every income level — brought to you by President Trump and the Republicans in Congress.

A thousand dollars is mere chicken feed to a limousine liberal.
Wasserman Schultz joins Pelosi in mocking size of $1K cash bonuses linked to tax cuts.  Florida congresswoman and former DNC chief Debbie Wasserman Schultz joined House Minority Leader Nancy Pelosi on Thursday to ridicule the economic repercussions of recent tax reform legislation.  An audience at Florida Atlantic University witnessed Ms. Pelosi double down this morning on her recent "crumb" criticism of cash bonuses given out by companies like Apple, AT&T, Boeing, Comcast, Disney, Home Depot, Fiat Chrysler, Southwest Airlines, Verizon, Wal-Mart and Well Fargo.  The event, which was sponsored by the group Not One Penny, included Ms. Wasserman Schultz's assertion that $1,000 doesn't go "very far for almost anyone."

Immigration Is Destroying the Welfare State.  Recall how the Democrats supported President Obama's Trans-Pacific Partnership, a "free trade" deal that would have gutted American industries.  And it is Democrats who oppose President Trump's attempts to stop illegal immigration, which hurts America's poor.  The Democrats don't care about American workers.  They care about winning elections.  At this point, the chorus of "progressive" rhetoric reaches a fever pitch.  "But we need immigrants to support the welfare state!  We need immigrants to pay for Social Security!"  Saying it does not make it so.  In truth, immigration is destroying the welfare state, in America and throughout the West.  This is happening because immigrants receive more in benefits than they pay in taxes.  Of course, this is not true for every immigrant — some never collect government handouts — but it is true for the overall immigrant population.  Studies from across the Western world prove this point.

Newly Released Arizona Crime Data Just Shattered a Key Liberal Narrative on Immigration.  If you're going to do a study attempting to prove the general law-abidingness of illegal immigrants, wouldn't you want data that compiles actual illegal immigrant crime rates?  Considering the fact that legal immigrant crime is indeed low, any study using data that lumps legal and illegal immigrants together is bound to be skewed.

Poll Shows Public Waking Up to Media Lies About GOP Tax Plan.  Now that a little thing called economic reality has overtaken months of dishonest media reporting about the Republican tax bill signed into law by President Trump last month, a plurality of 47 percent support the bill, while only 34 percent remain opposed.  This is a huge (and predicable) turnaround when compared to those polls released in the heart of the media campaign to kill the tax bill.

Cutting Through the Media's Falsehoods About 'Dreamers'.  When members of Congress battled over the budget, some threatened to block funding unless Congress provided amnesty to illegal alien Dreamers who benefited from President Barack Obama's Deferred Action for Childhood Arrivals program, which President Donald Trump announced he is ending.  Conscientious members of Congress should not give in to this threat.  Amnesty will encourage even more illegal immigration — just as the 1986 Immigration Reform and Control Act did.  That bill provided citizenship to 2.7 million illegal aliens.  Yet by 1995, another 5.7 million illegal aliens were residing in the U.S.  Many of them crossed the border to join their newly legalized friends and family.  Others, no doubt, believed that since the U.S. provided amnesty once, it would do so again.  However Congress decides to deal with Dreamers, it should be based on the real demographics of the DACA populace, not the glamorized image typically presented by the media.

Still Looking for Tax Disaster, Democrats Are in for a Surprise.  The Democrats and their media allies did everything they could to defeat Trump's tax cuts and reforms.  They continually lied to the public in a bid to make them believe that less than half of the taxpayers would actually get cuts and that the bill was meant to benefit only big, rich corporations.  Therefore, we got all sorts of articles, obviously fed to journalists by left-wing think-tanks and Democratic politicos, claiming that the tax cuts aren't good or aren't performing as promised.  So, two weeks into a ten-year program, we are now hearing whining that all the promises of the broad-based reform haven't been fulfilled yet.

7 reasons pope is wrong about immigration.  I don't know about you, but I'm getting tired of being lectured by Pope Francis about migrants and refugees.  In his latest message on the subject, he suggested national laws strictly controlling the influx of migrants and refugees is akin to "hostility" and "sin." [...] Has the pope welcomed refugees and migrants into Vatican City, which he controls?  If so, how many?  And, if he has, why is he limiting the number?  Vatican City is considered a sovereign nation-state.  It is a wealthy one that considers its own security seriously.  Why would the pope lecture other nation-states about immigration policy without first setting an example with his own?

San Francisco plutocrat Nancy Pelosi sniffs disdain at Americans' tax bonuses, calling them 'crumbs'.  The only thing worse than Senator Elizabeth Warren having to pretend she likes the tax cuts she vehemently opposed in Congress is wealthy House minority leader Nancy Pelosi looking down her nose in disdain at the millions of Americans celebrating their tax bonuses.  She actually called the spectacle "pathetic" and the bonuses "crumbs."

Nancy Pelosi's elitist Democrats — America, this is the party of the rich, sneering at the poor.  Here in my home state of California, in response to President Trump signing the GOP tax reform bill into law, state Senate Democratic leader Kevin de Leon has taken up a new cause: fighting for the right of the richest Californians to evade their taxes.  It's almost unbelievable — but true.  De Leon (who is also the leading challenger to Sen. Dianne Feinstein in her primary battle as she seeks re-election this year) has proposed setting up a new so-called charity that would enable the Silicon Valley and Hollywood elite to claw back their losses from the Trump administration's new tax reform law. [...] Another prominent California Democrat also revealed her true colors this past week over taxes: our old friend, House Minority Leader Nancy Pelosi.  She dismissed $1,000 worker bonuses given in response to the GOP tax cuts as "crumbs."

Ingraham Takes on Pelosi for Saying Companies Just Giving Out 'Crumbs' After Tax Cuts.  Laura Ingraham took on House Minority Leader Nancy Pelosi for saying companies' bonuses to workers following the passage of the Republican tax cuts are mere "crumbs."  "Maybe it's a crumb if you live in Pacific Heights or the Sea Cliff neighborhood of San Francisco and you're married to Paul Pelosi, maybe then it's a crumb.  But for most people it's real money," she said.

Waste Management CEO reacts to Nancy Pelosi 'crumbs' comments on bonuses.  Waste Management CEO James Fish responded to Rep. Nancy Pelosi's (D-Calif.) criticism of bonuses given to employees following the passing of the Republican-backed tax reform bill.  In an exclusive interview with FOX Business' Liz Claman, Fish said the bonuses will be go to drivers, landfill workers and customer service agents.  "We are giving it to those folks not just because not only are they hard working, but they don't participate in our annual bonus which typically are for salary employees," Fish said during an interview on "Countdown to the Closing Bell" Friday [1/12/2018].  The House Minority Leader on Thursday called the recent wave of corporate bonus given to workers as a result of the Republican tax bill as "crumbs."

Ex-Obama Treasury secretary:  Tax cuts 'leaving us broke'.  Former Treasury Secretary Jack Lew expressed concerns about the new GOP tax law's impact on the debt, arguing that it is "leaving us broke" and could lead to cuts in social safety net programs.  "I fear that the next shoe to drop is going to be an attack on the most vulnerable in our society," Lew said in a Bloomberg interview.  "How are we going to pay for the deficit caused by the tax cut?  You're going to see proposals to cut health insurance from poor people, to take basic food support away from poor people, to attack Medicare and Social Security."

The Editor says...
Memo to the former Treasury Secretary:  Deficits are not caused by tax cuts.  Deficits are caused by spending borrowed money, mostly on stuff we don't really need.  Call me if you need further advice.

Virginia Dem:  GOP Government 'Dangerous to All Living Creatures,' Especially Federal Workers.  Rep. Gerry Connolly (D-Va.) urged Congress before the holiday break to protect federal workers in the event of a government shutdown, adding that a "united" federal government under Republican leadership is "dangerous to all living creatures."  "They've already been asked to sacrifice in a way no other group in America has been asked to sacrifice, contributing well over $200 billion to deficit reduction," he said on a conference call Dec. 20 with American Federation of Government Employees (AFGE) National President David Cox Sr.

In Attacking Trump Tax Cuts as 'Theft,' Democrats Prove They Don't Believe in Private Property.  When Republicans in the U.S. House and Senate passed historic tax reform that will decrease taxes for more than 80 percent of Americans, Democrats branded the tax cut a "heist."  Terms such as "looting," "theft," and "heist" suggested that Republicans weren't giving Americans back more of their hard-earned money, but rather stealing from the poor to give to the rich.  This rhetoric is revealing — it shows that Democrats no longer believe in private property, a cornerstone of American values and the basis on which President Abraham Lincoln argued against slavery.  "Shamefully, Republicans were cheering against the children as they rob from their future and ransack the middle class to reward the rich," House Minority Leader Nancy Pelosi (D-Calif.) tweeted, adding the hashtag #GOPTaxScam.  She was far from alone in adopting such rhetoric.

Attn. Nancy Pelosi!  CBS News finds families who WON'T be killed by the tax bill.  You know it's bad for the Dems when even the mainstream media can't give an assist.  Here's a CBS News story that did NOT cooperate with the Democrat narrative of "Armageddon" and mass misery.

Danger in 2018 for the Party of the Rich (Democrats).  [Scroll down]  According to the the Center for Responsive Politics, she [Nancy Pelosi] has a net worth of $196 million.  And that was in May 2017.  Since then there's been another 10+% run-up in the stock market, so that would conservatively push her well over the $200 million mark thanks, ironically, to the policies of Donald Trump.  (Okay, not entirely, but unquestionably to some extent.)  Over the last decade or so, American politics has had something of a role reversal.  The Democrats have increasingly become the Party of the Rich — Silicon Valley, Hollywood, media, a good swath of Wall Street — making Pelosi's statement and similar remarks made by Schumer particularly absurd.  Moreover, it is well known — but not well known enough yet — that what Pelosi said was a straight-out lie.

The Democrats Stink of Weakness and Defeat.  Armageddon, she called it.  That was Nancy Pelosi, the insane woman who is somehow in charge of the Democrats' House caucus, speaking about the just-passed Tax Cuts and Jobs Act.  The bill would later pass in the House, largely on the same party lines it's passed throughout the legislative process, due to procedural necessities, Wednesday [12/20/2017].  [...] We wouldn't take Pelosi seriously, because it's impossible to truly do so.  After all, she's completely crazy and it's obvious to anyone who bothers to observe both the gibberish emanating from her lips and the unstable body language surrounding it.  Except that the unhinged sentiments she offered as a reaction to the passage of a bill which will provide a tax cut to 80 percent of the American public aren't just hers.  They belong to the entire Democratic Party.

GOP tax bill causes Nancy Pelosi to lose remaining fragment of her mind.  The GOP tax bill is now very close to passage, and as that became clear last night, Nancy Pelosi put on her spelunking gear for another deep descent into insanity and self-unawareness: [...] A warning about plutocracy from a super-wealthy member of Congress who's been in power for decades?  Pelosi might be trying to convince people the tax bill will cost them their lives, but it clearly has yet to even take away her unintentional sense of humor.

Blame entitlements — not the tax bill — for blowing up the deficit.  Writing in The Washington Post, Fareed Zakaria recently called the GOP tax bill the worst piece of legislation in modern history.  Why?  Because, he claims, it will starve the federal government of the resources it needs for public investments in infrastructure and research.  But Zakaria's assessment is misleading.  He is right that a budget crunch is now underway and will intensify in the years ahead, but the primary cause is not tax cuts.  Left out of Zakaria's account is the role that runaway entitlement spending is playing — and will continue to play — in squeezing other government programs.  If his main concern is inadequate public investment in annually appropriated domestic accounts (sometimes called "domestic discretionary spending"), he should focus his ire on President Obama and the many other Democratic and Republican politicians who have favored consumption-oriented entitlements at the expense of all other public priorities.  Left unchecked, entitlement spending will overwhelm the federal government in coming years — with or without the GOP's relatively small tax cut.

Unhinged Pelosi Claims Tax Bill 'Does Violence' To Vision Of Founding Fathers.  House Minority Leader Nancy Pelosi spewed utter nonsense on the House floor on Tuesday, hysterically claiming that the Republican's tax plan "does violence to the vision of our Founders."  Pelosi railed against Republican lawmakers in her speech, decrying the bill as a morally obscene "scam" designed to "install a permanent plutocracy."  "This GOP tax scam is simply theft, monumental, brazen theft from the American middle class and from every person who aspires to reach it," Pelosi said. "

Pelosi sign
Foolish Dems have set themselves up for tax cut blowback.  The unquestioning media support that Democrats receive for their narratives — regardless of their truth or falsity — has led congressional Democrats out on a limb that President Trump is about to saw off, when he signs the tax reform bill.  Unlike foreign policy or regulatory reform, people pay much more attention to their personal experience than to political rhetoric.  In fact, voters care so much about the economy that they will see that the Democrats have been blowing smoke at them.  James Freeman of the Wall Street Journal calls it "The February Surprise" — the increased paychecks that the vast majority of American workers will experience in February, when the tax reform bill is implemented by IRS issuance of withholding guidelines in January.  The contrast between the positive personal results and the extreme rhetoric of Democrats opposing it will come home to voters in a very personal way.  Yesterday [12/19/2017], on the House floor, Nancy Pelosi, in the words of Lifezette, went off the deep end, complete with goofy signs.

Five ways the media tries to convince us tax cuts are bad.  To hear the media tell it, tax cuts are Bad For You and you won't like the result.  Pay no attention to the fact that the cost of living is up, the government is bigger, incomes have stagnated, large corporations are no longer creating jobs, and the U.S. hasn't had a major tax cut since 1986.  Somehow, we are all supposed to believe tax cuts which put more of our own money in our pockets, will make us miserable.  It's the most fallacious collection of up-is-down arguments ever assembled.

Pelosi: GOP Congress 'Robbing from Future by Increasing Debt;' She Upped Debt $5T in 4 Years.  House Minority Leader Nancy Pelosi, during whose four-year speakership the debt increased by more than $5 trillion, said at her press briefing today that the Republican-controlled Congress is "robbing from the future by increasing the debt."  Pelosi made the remark as part of her criticism of the Republican tax-reform plan.  "This is who they are," Pelosi said.  "This is what they came here to do:  tax cuts for the rich at the expense of the middle class, at the expense of the health and well-being of the American people.  Robbing from the future by increasing the debt."

That Democratic rhetoric about taxing the rich?  It's a con.  Democrats have asserted for years that the rich aren't paying enough in taxes.  In her Democratic National Convention speech in 2016, Hillary Clinton put it in the party's characteristically way, saying "Wall Street, corporations, and the super-rich are going to start paying their fair share of taxes."  Never mind that, according to the most recent data, the "1 percent" pay more than 25 percent of all federal tax revenue, more than the bottom 60 percent of income earners combined.  Democrats are usually loathe to give a specific number, but whatever the rich are paying, it isn't enough.

The GOP tax plan is not the apocalypse liberals think it is.  Liberals have some reservations about this tax bill that just passed Congress.  And when I say reservations, I mean reservations for a heavy-duty rubber room at the nearest lunatic asylum.  For tinkering around with some details of the tax code and decreasing the bill many Americans pay to Washington each year, "The GOP is monstrous; their policies kill, starve & maim," wrote actor-comedian Rob Delaney.  Josh Gad, that cuddly snowman from "Frozen" turned tax wonk, tweeted, "If you are not a billionaire, today should very well be marked as one of the most disgraceful acts in modern political history.  Madness won."  Madness certainly won over Delaney, who is now urging people to join the "Democratic socialists."

Pelosi: GOP tax proposal 'the worst bill in the history' of Congress.  House Minority Leader Nancy Pelosi (D-Calif.) declared unequivocally on Monday that the GOP tax overhaul is the worst legislation ever considered by Congress.  "I have said that this was stiff competition by some of the other things they have put forth, is the worst bill in the history of the United States Congress," Pelosi said during House floor debate on the tax proposal.  Pelosi cited the rushed process and impact on the deficit to justify her assertion.  [Video clip]

How Democrats Corrupt English To Create Hysteria.  [Scroll down]  Liberal columnists, for example, will earnestly argue that Republicans, who at this moment control the Senate, the House of Representatives, and White House thanks to our free and fair elections, are acting undemocratically when passing bills.  As you know, democracy means raising taxes on the rich.  Just ask all the folks who told us democracy died over the weekend.  But the most obvious and ubiquitous of the Left's contorted contentions about the tax bill deliberately muddles the concept of giving and the concept of not taking enough.  This distortion is so embedded in contemporary rhetoric that I'm not sure most of the foot soldiers even think it's odd to say anymore.  "You really shouldn't lower everyone's taxes because it creates deficits and makes harder to expand important programs like Medicaid" doesn't have quite the same kick as "You're killing the poor!"  Whatever you make of the separate tax bills the House and Senate have passed, though, the authors do not take one penny from anyone.  In fact, no spending is being cut (unfortunately).  Not one welfare program is being block-granted.  Not one person is losing a subsidy.  It's just a wide-ranging tax cut without any concurrent spending cuts.

Sick and Tired of Schumer and Others Continually Lying about Tax Cuts and Debt.  What makes me sicker is that almost all reporters just repeat Schumer's talking points as if they are factual.  They repeat the outright lies over and over again, and then after indoctrinating the readers with pure garbage, they take a poll of fewer than 1,000 people, skewed with more Democrats than Republicans, to show that the people aren't in favor of reform.  Then they run the poll results as if they are somehow factual news.  Reporters should be truly ashamed of themselves for pushing an agenda instead of ever even considering reporting actual results of previous tax cuts.

Senate Bill Kills Obamacare's Taxes on the Poor.  It was as inevitable as, well, death and taxes that the Democrats would react to the Senate tax reform bill with public lamentation, rending of garments, and portentous declarations about the death of the Republic.  It was no surprise, then, that Senator Elizabeth Warren (D-MA) charged the Republicans with "tearing down our democracy" or that Senator Richard Blumenthal (D-CT) also accused them of "undermining democracy."  In reality, the Tax Cuts and Jobs Act is among the best pieces of legislation produced by either house of Congress in decades, not least because it eliminates the individual mandate and medical expense taxes

The Latest Tax Cut Lie:  The Senate Bill Will Hurt The Poor.  "Senate GOP tax bill hurts the poor more than originally thought, CBO finds."  That's the headline in the Washington Post describing a Congressional Budget Office report released on Sunday [11/26/2017].  The story claims that the "Republican tax plan gives substantial tax cuts and benefits to Americans earning more than $100,000 a year, while the nation's poorest would be worse off."  Later, the Post story talks about the bill's "harsh impact on the poor."  This conveniently fits with the Democrats' evergreen talking point on tax cuts — that they benefit the rich at the expense of the poor.  But is it true?  [No.]  First of all, the CBO doesn't describe the Senate bill as being "harsh" to the poor.  That's the spin put on by the reporter.

The Tired Canard of 'Tax Cuts for the Rich'.  Behold a tax plan, or more precisely, two tax bills, one of the House signature, the other of the Senate.  I'm told that there are all kinds of juicy (or disastrous, depending on whom you ask) bits in it, but what stands out to the casual observer is the top line.  The House version defines four income tax brackets, topping out at a rate of 39.6%, while the Senate proposes seven, with a top rate of 38.5.  Apparently, this is the best we can expect from a federal government supposedly dominated by small-government Republicans.  Yet the Democrats weep, gnash their teeth, rend their garments and exhibit other well-rehearsed expressions of impending Armageddon. [...] Democrats shed nary a crocodile tear for the Deficit when it was their guy blowing it up for eight years.

Democrats Don't Let Facts Get In The Way Of Criticizing Tax Reform.  When trying to condemn the House GOP tax relief plan, Democrats "spread far and wide the false claim that families making less than $86,100 on average will face a hefty tax hike;" a claim The Washington Post gave four Pinocchios. [...] According to The Washington Post, Democrats have "falsely claimed" that the House tax relief bill would raise taxes on a significant portion of middle-class families. [...] Governor Andrew Cuomo (D-NY) claimed that he had spoken to "all the [New York] Republicans" and they told him Republican leadership was "forcing" them to vote for the House bill. [...] A number of Senate Democrats, including Senate Minority Leader Chuck Schumer (D-NY), Senator Dick Durbin (D-IL), and Senator Sherrod Brown (D-OH), claimed that the Senate tax relief bill was "kicking 13 million people off health insurance."

Fact Check:  Everything About This Sally Kohn Tweet About Tax Reform is Incorrect.  Liberal activist Sally Kohn — who is delightful in person, but wrong about almost everything — tweeted an attack on the GOP tax plan yesterday, urging her followers to [denounce] Republican defenses of their proposal.  Basically everything in her tweet was wrong.

This must stop
Democrat Fundraising Letter Tied Tax Cuts To Neo-Nazis.  Democrats certainly don't appear to have an issue with using fear to fundraise.  A Senate Majority PAC mailer with an enclosed letter from Senate Minority Leader Chuck Schumer tied together the Kremlin and neo-Nazis with corporate tax cuts.  "This Must Stop," the mailer says above the words, "Corporate Tax Cuts.  Discrimination.  Kremlin.  Medicaid Cuts.  Bribes.  Repealing Health Care.  Neo-Nazis."

Four Pinocchios:
Senate Democrats falsely claim GOP tax plan will raise taxes for most working-class families.  [Scroll down]  But notice the funny thing about this calculation:  Only a small percentage (6.5 percent) of the nearly 122 million households in the bottom three quintiles will actually face a tax increase.  Meanwhile, more than 97 million (80 percent) will receive a tax cut.  Doing the math the same way the JEC staff did, we come up with an average tax cut of about $450 for those 97 million households.  Indeed, at the far end of the chart, you will see that every quintile on average receives a tax cut — not a tax increase.

WaPo Tears Apart Dem Talking Point That Tax Cuts Only Benefit Wealthy.  The Washington Post soundly debunked the claim, made by numerous Democratic lawmakers, that the GOP tax reform bill will result in a tax increase for middle class households in a fact check published Thursday.  A number of prominent Democratic lawmakers have publicly claimed the tax reform bill, scheduled to be released Thursday, will result in an average tax increase of $794 for households making up to $86,100 annually.  WaPo fact checkers traced the claim back to a report produced by Democrats on the Joint Economic Committee, that predicts that some 8 million households making less than 86,100 per year will see their taxes increased.  "If enacted, the Republican tax reform proposal would saddle 8 million households that earn up to $86,100 with an average tax increase of $794 — a substantial expense for working families," the report reads.

Associated Press Says:  Don't Cut Taxes!  The Associated Press is one of many "news" outlets that has gone into overt opposition, now that we have a Republican rather than a Democrat in the White House.  Today's AP "Top News" feature is headlined:  Doubts arise on whether corporate tax cut would boost growth.  The passive voice is generally a giveaway.  Where, exactly, are doubts "arising"?

The Big 3 Tax Cut Lies That Democrats Keep Telling.  With President Trump turning his attention to tax reform, Democrats are busy dusting off their shopworn claims about federal income taxes.  Almost nothing they say about taxes is true.

Unstable: Obamacare bailout in NH.  It's not a tax.  It's not a fee.  It's an "assessment."  The New Hampshire Department of Insurance wants to charge health insurance companies a $36.8 million assessment to fund a reinsurance pool in order to prop up the state's failing health care exchange.  "To call it a tax is misstating what it really is," argues Insurance Commissioner Roger Sevigny.

Tax Lies for the Gullible.  One of the key arguments of those who oppose what they call "tax cuts for the rich" is that the Reagan administration tax cuts led to huge federal government decits, contrary to "supply side economics" which said that lower tax rates would lead to higher tax revenues.  This reduces the whole issue to a question about facts — and the hard facts are available in many places, including a local public library or on the internet.  The hardest of these hard facts is that the revenues collected from federal income taxes during every year of the Reagan administration were higher than the revenues collected from federal income taxes during any year of any previous administration.

Schumer: Money for Border Wall Could Be Used to 'Give Just About Every American Broadband'.  "The money is better used elsewhere," Schumer said.  "If the wall is $50 billion dollars, you could use that money to give just about every American broadband."

The Editor says...
Maybe the Senator's assertion (about what can be purchased with $50 billion dollars) is true, but generally [#1] just because you have money on hand, that doesn't mean it has to be spent, and [#2] one prioritizes budget items and spends money on the things one needs the most.  The border wall is a matter of national defense which is needed a lot more than "broadband" service for every American.  (Or a lot of other things — like close-up pictures of other planets.)  Illegal aliens can be deterred with low-tech physical obstacles that are only a little more daunting than the Rio Grande.  Razor wire, for example.  And [#3] broadband service is really overrated:  Most Americans watch too much television already.

The Obamacare Financing Flimflam.  Now we know why the Obama administration unilaterally changed rules on Fannie Mae funds in 2012.  They basically screwed private-sector bondholders and shareholders to create a slush fund for left-wing groups allied with the administration.  These funds do not go through Congress.  They are treated as off-balance sheet entities, where the amount that comes to the government is treated as a net reduction in expenses instead of an increase in revenue.  In other words, it allows Congress and the president to pretend they are controlling spending.

Obama's biggest whoppers.  [For example,] "We signed into law the biggest middle-class tax cut in history."  This 2011 claim was not based on a dollar figure but on dubious math — that supposedly 95 percent of working families received some kind of tax cut under the Making Work Pay provision in Obama's stimulus bill.  John F. Kennedy actually wins the prize for biggest tax cut, at least in the last half-century.  By the same measure, the income tax provisions of George W. Bush tax cuts were more than twice as large as Obama's tax cut over the same three-year time span.

Before and After Obama: 10 Signs of a Diminished America.  The national debt was $10.6 trillion when Obama took office, while complaining that George W. Bush's deficits were not only too high, they were downright unpatriotic. [...] Obama would go on to add more debt than Bush in just three years of his spendthrift presidency.  He leaves office with a national debt of $19.7 trillion, coming just shy of doubling the debt all by himself, and all we got for it was a mediocre economy, dwindling workforce, and sky-high welfare dependency.

Pelosi blames Bush for $9 trillion in debt added under Obama.  House Minority Leader Nancy Pelosi blamed former President George W. Bush and the Republicans on Friday [1/13/2017] for the more than $9 trillion that has been added to the national debt under President Obama's watch.  Pelosi argued that under Obama, the annual budget deficit, which contributes to the national debt, has been reduced dramatically, and said that without Obama's work, the national debt would be even higher.  She also mostly blamed Bush for not paying for the wars in Afghanistan and Iraq.

Reaction to the article above:
Nancy Pelosi and the Big Lie.  Every word Nancy Pelosi utters is a lie, all conjunctions and articles included.  President Bush submitted a budget for fiscal year 2009, which included a projected deficit of a way-too-high $407.4 billion.  However, the Congress, then under control of the Democrats, with Mrs Pelosi serving as the Speaker of the House, declined to pass President Bush's budget.  Rather, after the end of FY 2008 on September 30, 2008, Congress funded the federal government through the mechanisms of continuing resolutions, rather than normal budgeting and appropriations.

Obama Pats Himself On The Back: 'Every Country On Earth Sees America As Stronger' Than Before I Took Office.  Obama opened the press conference by touting his economic and policy achievements before heaping praise on his own shoulders.  "Almost every country on Earth sees America as stronger and more respected today than they did eight years ago."  "In other words, by so many measures, our country is stronger and more prosperous than when we started," he continued.

The Editor says...
These statements are coming from a man who operated the government without a budget for eight years and more than doubled the national debt.

Is Obama Opening Up the Federal Spending Floodgates to Get Hillary Elected?  During the last year of his reign of error, our beloved Nobel Peace Prize winner, Obama ran out of government accounting gimmicks to falsely proclaim Federal deficits have been falling.  His legacy of debt accumulation will go down in history as the last dying gasps of a crumbling empire built upon Keynesian delusions, political corruption, and a Deep State establishment hellbent upon retaining power at the cost of global war and financial collapse.  The entirely fabricated government propaganda data point known as the Federal deficit skyrocketed by 34% in fiscal 2016 (Federal year is Oct. 1 to Sept. 30).  The reported deficit in FY15 was a mere $438 billion.  Obama and his brain dead minions had boasted about such a small deficit.  The country has been in existence for 227 years and Obama had the balls to boast about "achieving" the 8th highest deficit in our history.  Just for some context, the savior also led the country to the 1st, 2nd, 3rd, 4th, 5th, and 6th highest deficits in the country's history.  Bumbling Bush achieved the 7th highest in the glorious year of 2008.

In 6 Months Since Budget Deal:  Debt Up More Than $1 Trillion.  In the six months that have passed since then-retiring House Speaker John Boehner and Senate Majority Leader Mitch McConnell cut a budget deal with President Barack Obama that suspended the legal limit on the federal debt until March 15, 2017, the federal debt has increased by more than $1 trillion.  The Senate passed "The Bipartisan Budget Act of 2015" with a vote held in the early morning hours of Friday, Oct. 30.  Obama signed it on Monday, Nov. 2.

Debunking VAT Myths.  The value-added tax is a very dangerous levy for the simple reason that giving a big new source of revenue to Washington almost certainly would result in a larger burden of government spending.  That's certainly what happened in Europe, and there's even more reason to think it would happen in America because we have a looming, baked-in-the-cake entitlement crisis and many politicians don't want to reform programs such as Medicare, Medicaid, and Obamacare.  They would much rather find additional tax revenues to enable this expansion of the welfare state.  And their target is the middle class, which is why they very much want a VAT.  The most frustrating part of this debate is that there are some normally rational people who are sympathetic to the VAT because they focus on theoretical issues and somehow convince themselves that this new levy would be good for the private sector.

National Debt Will Soon Eclipse GDP, Says Comptroller General.  U.S. Comptroller General Gene Dodaro, the man responsible for assessing the federal government's fiscal condition, told a Senate panel Wednesday [4/6/2016] that the government will soon owe more than the entire economy produces.  During a Senate Budget Committee hearing on the Government Accountability Office's (GAO) audit of the federal government's fiscal year 2015 financial statements, Dodaro said that despite a modest reduction in the annual budget deficit, the national debt remains a serious and growing problem.

Auditor: Government Will Owe More Money Than Entire Economy Produces.  An auditor for the Government Accountability Office told lawmakers Wednesday [4/6/2016] that in the next few years the federal government will owe more than our entire economy produces.  Gene Dodaro, the comptroller general for the Government Accountability Office, testified at the Senate Budget Committee to provide the results of its audit on the government's financial books.  "We're very heavily leveraged in debt," Dodaro said.  "The historical average post-World War II of how much debt we held as a percent of gross domestic product was 43 percent on average; right now we're at 74 percent."  Dodaro says that under current law, debt held by the public will hit a historic high.

Senate Dem: National debt is not 'a threat to our country'.  Senate Democrats on Wednesday couldn't agree that federal debt is a national security problem, in a hearing aimed at assessing the long-term strategic implications of the government's $19 trillion debt.  "A realistic discussion about it, and accepting expert opinion that this debt that we have is not actually right now a threat to our country, is I think a more realistic and honorable way of talking to the American people about it," Sen.  Ed Markey, D-Mass., said during a Senate Foreign Relations Committee hearing on Wednesday [4/6/2016].

Top 10 Lies in Obama's State of the Union.  [#1]  "[W]e've done all this while cutting our deficits by almost three-quarters."  This is pure fiction.  Obama has doubled the national debt, and it's not because he cut the deficit.  Rather, he spent staggering amounts of money in his first months in office — which he assigns, dishonestly, to the previous fiscal year, under George W. Bush.  He "cut" (i.e. spent more gradually) from that spending, but only under protest, after Republicans took the House in 2010.  It is true that Obama's 2015 budget deficit was about 25% of his 2010 deficit.  But he referred to "deficits," plural.  Until last year, all of Obama's deficits were worse than all of Bush's deficits except for the last two.

WH: 'We Will Close Gitmo Because It is Bad for Our National Security and Because It's Too Costly'.  Congress has expressly forbidden President Obama from transferring prisoners from Guantanamo Bay, Cuba to the United States, but White House Chief of Staff Denis McDonough shrugged it off on Sunday [1/10/2016].  "What the president just said is, he's going to work with Congress, present them a plan to close (the prison), and then he'll make some final determinations," McDonough told Fox News Sunday [1/10/2016].

The Editor says...
Guantanamo costs about half as much as Obama's annual Hawaii vacation.

Borrowing costs
Criminal Intent: Déjà vu all over again.  Janet Yellen increased interest rates for the first time in nine years this week.  She isn't raising them because the economy is strengthening.  The economy just happens to be weakening rapidly, as global recession takes hold.  The stock market is 3% lower than it was in December 2014, and has basically done nothing since the end of QE3.  Wall Street is throwing a hissy fit to try and stop Janet from boosting rates by an inconsequential .25%.  Janet would prefer not to raise rates, but the credibility and reputation of her bubble blowing machine is at stake.  The Fed has enriched their Wall Street benefactors over the last six years, while destroying the real economy and the middle class.

Hillary Clinton panders to middle-class voters with unrealistic tax promises.  If there is a social or economic need, Democratic presidential front-runner Hillary Clinton has a tax credit to match.  She's proposed one for businesses that institute profit-sharing plans (cost:  $20 billion over 10 years); another for hiring disabled veterans; and, as of last week, a tax credit worth up to $1,200 to help families defray the cost of caring for their elderly members at home (a $10 billion, 10-year item).  Coming soon:  changes to Social Security to benefit workers who take time off to care for the elderly.  When it comes to paying for these "targeted" benefits, plus her other promises such as universal preschool, however, the former secretary of state has a clear principle:  none of the 97 percent of U.S. households that earn $250,000 or less per year will be asked to contribute higher taxes.

Bias alert!
The writer at the Washington Post seems to think that taxes are contributions, which the government asks for, as opposed to demanding they be paid under threat of imprisonment.

Lifting Debt Ceiling A Signal For Spending Spree To Begin.  $18,532,338,091,711.00: That was the national debt late Thursday [11/5/2015].  The feds couldn't wait to start bingeing once Congress lifted the debt ceiling and canceled spending caps.  A week earlier, the debt stood at roughly $18.1 trillion.  What happened?  Economist David Malpass of Encima Global was the first to alert us to the sudden surge in borrowing.  On Tuesday [11/3/2015], the national debt skyrocketed by $339.1 billion.  In one day!  It's the most borrowing in one day for all of American history, according to USA Today.

"US Debt Is Three Times More Than You Think" Warns Former Chief U.S. Accountant.  In a shocking admission for most of mainstream America, the former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion, thanks to unfunded liabilities which simply cannot be ignored.  As The Hill reports, unless economic growth accelerates, he warns, "you're not going to be able to provide the kind of social safety net that we need in this country," adding unequivocially that Americans have "lost touch with reality" when it comes to spending.

The Most Devious Liars in the Room.  A critical thinking person might wonder why the National Debt went up by 26% more than the deficit officially reported by our trustworthy leaders.  This is where the hocus pocus of government accounting enters the picture.  You just don't count things that would make the deficit bigger.  You pretend the SSI and SSDI entitlement programs aren't running deficits.  You pretend you are being paid back by Fannie and Freddie, when it is just meaningless accounting entries.  And this doesn't even scratch the surface of the true annual deficits.

Debt Ceiling Lifted, and the Same Day, Debt Jumps $339B.  The U.S. national debt jumped $339 billion on Monday [11/2/2015], the same day President Obama signed into law legislation suspending the debt ceiling.  That legislation allowed the government to borrow as much as it wants above the $18.1 trillion debt ceiling that had been in place.

Podcast: Liberal Lies About Taxes.  The core topic of today's show is the troubling misinformation campaign by the media and the far-left on the topic of tax rates.  They simply refuse to tell the truth about the results of past U.S. income tax rate cuts because the data runs counter to their class-warfare narrative.  [Audio clip]

The Selfish' 'Charity' of Liberals.  Liberals often attack conservatives for not being charitable and caring.  But studies show that conservatives give more of their own money to charities and that people who go to church give more than people who don't.  By the traditional definition, it's liberals who are lacking in charity.  The disconnect can be explained by this quote from a liberal on FaceBook:  ["]There is precious little difference between me giving charity directly, and the government taxing me a little more and using that.["]  Apparently liberals don't realize that increasing tax rates impact everyone, not just them.

Income Inequality: Totally Irrelevant In A Country Like America.  The fundamental issue behind income inequality could be boiled down to a single question:  Are poor Americans better or worse off because Bill Gates ($79 billion net worth), Oprah Winfrey ($3 billion net worth), Michael Jordan ($1 billion net worth) and Mark Zuckerberg ($40 billion net worth) are living in the United States?

The Fed Just "Discovered" Another $2.7 Trillion In Debt.  The people of the United States, misled by its politicians, and plundered by its financial institutions, are swimming in so much debt that no one will probably ever grasp the truly staggering amount — if indeed it can ever be fully calculated.  Forget paying it all back; the Federal Reserve isn't even apparently aware of how deep the crisis goes.  Officially, the U.S. was already $59 trillion in debt in 2015, but now the number is significantly higher.  When the Fed is changed its method of tracking and reporting debt numbers, and replaced a single Credit Market Instruments chart with two separate charts for "debt securities" and "loans," it suddenly reported an additional $2.7 trillion.

The Nation's Budget Outlook Is Worse Than You Think.  The CBO's latest "Budget and Economic Outlook Report" projects that after dropping this year and next, annual deficits will start to climb and will top $1 trillion in 2025.  That's a slight improvement over the forecast that the budget office made in March.  But it still means that the country is on an unsustainable path.  The truth is that given the vast array of revenue, spending and economic variables, nobody can reliably predict what will happen that far out — a fact that the CBO itself admitted when it started making 10-year budget forecasts in the mid-1990s.  The problem is that these 10-year forecasts have been consistently wrong in one direction — they've been way too optimistic.

150 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000.  The portion of the federal debt that is subject to a legal limit set by Congress closed Monday, August 10, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Tuesday [8/11/2015].  That, according to the Treasury's statements, makes 150 straight days the debt subject to the limit has been frozen at $18,112,975,000,000.  $18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

The Editor says...
As long as you're cooking the books, why not just freeze the national debt at a thousand dollars?

Obama: 'Real' IRS Scandal Is That It's 'Poorly Funded'.  During an interview on the Daily Show, President Obama insisted that the IRS scandal isn't real.  He blames Republicans for not providing enough money to the federal agency to allow it to do its job.  Obama explained that accusations that they were specifically targeting conservative organizations was false and that IRS employees were simply implementing laws passed by Congress "poorly and stupidly."

'Just Asking'.  One of the ways of fighting poverty, [President Obama] proposed, was to "ask from society's lottery winners" that they make a "modest investment" in government programs to help the poor.  Since free speech is guaranteed to everyone by the First Amendment to the Constitution, there is nothing to prevent anybody from asking anything from anybody else.  But the federal government does not just "ask" for money.  It takes the money it wants in taxes, usually before the people who have earned it see their paychecks.  Despite pious rhetoric on the left about "asking" the more fortunate for more money, the government does not "ask" anything.  It seizes what it wants by force.  If you don't pay up, it can take not only your paycheck, it can seize your bank account, put a lien on your home and/or put you in federal prison.  So please don't insult our intelligence by talking piously about "asking."

Four Pinocchios:
Clinton's claim that illegal immigrants pay more in taxes than some corporations.  "In New York, which I know a little bit about because I represented it for eight years and I live there now, our undocumented workers in New York pay more in taxes than some of the biggest corporations in New York." — Hillary Clinton, roundtable in North Las Vegas, May 5, 2015.

Obama: I'm not a 'tax-and-spend' liberal.  President Obama expressed amazement Wednesday [4/15/2015] that his opponents portray him as a tax-and-spend liberal, and he also gave a plug for the fiscal responsibility of the Clinton administration.  "If you listen to some of my political critics, they always want to paint me or the Democratic Party as this tax-and-spend, you know, irresponsible," Mr. Obama said at a town-hall meeting in Charlotte, North Carolina.  "Since I came into office, the federal deficit's come down by two-thirds."

Obama Decries Austerity As Federal Spending Climbs 8.3%.  When President Obama announced his budget plan, he said it was time to end the "mindless austerity" in Washington.  While he was saying this, federal spending was shooting up 8.3%. [...] What's more, Treasury expects outlays for the entire year to run close to $3.9 trillion, which is higher than either the CBO or the White House forecasts.  If Treasury is right, that will mean a 10% increase in federal spending without anyone lifting a finger.  This, mind you, comes at a time when inflation is running at about 1%.

Revenue vs expenditures
One Chart Is All It Takes: The Ludicrous Claims of Obama as a "Deficit-Cutter".  Oh, and did I mention the chart itself comes from the Obama Federal Reserve?

Obama Claim of $1.8 Trillion Deficit Cuts Open to Question.  President Barack Obama's budget is relying on a series of familiar accounting tricks to show $1.8 trillion in deficit reduction over a decade, an amount that would shrink by almost half if they were excluded.

White House Unaware That 6 Million Americans Will Pay Obamacare Tax This Year.  White House Press Secretary Josh Earnest described reports that millions of Americans would be getting tax bill because of Obamacare as "inaccurate" just days after the Treasury Department estimated that 6 million Americans will pay about $2 billion in individual mandate taxes this year.  "I don't think it is accurate to suggest that millions of people are going to get a tax bill as a result of this," Earnest said in response to a question Tuesday [2/3/2015] about the millions of Americans who will pay a tax penalty for not having health insurance in 2014.

Independent analysis finds Obama's 'middle-class' tax cuts won't help three-quarters of the middle class or two-thirds of the poor.  President Barack Obama calls his tax and spending plan 'middle-class economics,' but most middle-income families would see little change in their tax bills.

Obama Complains About 'Mindless Austerity' While Bankrupting The Country.  President Obama says it's time to end the "mindless austerity" and start spending again.  This from the man who's alone added $6.7 trillion to the nation's debt.  'I want to work with Congress," Obama said in releasing his fiscal 2016 budget, "to replace mindless austerity with smart investments."  Mindless austerity?

Obama: 'We can afford' $74B spending increase.  In his weekly address, Mr. Obama made the case that the federal government has the money to invest in infrastructure, education and other priorities because of shrinking deficits, though he also is calling for tax hikes on the wealthy to fund his desired $74 billion increase in spending.  His budget also would undo the automatic cuts known as sequestration, paving the way for even higher spending down the road.

Obama says his $4 trillion budget is 'smarter' than sequestration.  President Obama trumpeted his proposed federal budget for next fiscal year on Monday, calling his combination of tax hikes and spending increases a "smarter" blueprint for boosting the middle class.  "It helps working families' paychecks go further," Obama said of his $4 trillion budget.  "It gives Americans of every age a chance to succeed."  Obama's budget released Monday [2/2/2015] offered few concessions to a Republican-controlled Congress, proposing hundreds of billions of dollars in tax increases to pay for his progressive economic proposals.

Obama: My budget is a 'blueprint for success'.  President Obama Thursday [1/29/2015] touted the looming release of his federal budget, urging Republicans to support a slate of tax increases to pay for his economic blueprint for the middle class.  "We have to choose what we want that future to look like," Obama said in an op-ed published by the Huffington Post. [...] The president is calling for a 7 percent spending hike in fiscal 2016, the elimination of across-the-board budget cuts, the so-called sequester, and an increase of $320 billion in taxes over the next decade.

Tax hikes won't improve the state of our union.  President Barack Obama revisited a number of familiar — and failed — themes in his State of the Union address.  Once again, the president is asking for higher taxes on the wealthy and more government entitlement programs for the poor and middle class. [...] What is notable is that despite six years of sluggish economic growth and repudiation of his economic policies in last fall's elections, the president is sticking to his class warfare guns, choosing to grow government rather than the economy.

New IRS Data Expose Dems' Phony Tax-the-Rich Mantra.  Democrats unveiled a plan Monday that — surprise — would boost taxes on the rich.  But new IRS data show these soak-the-rich campaigns are based on total falsehoods.

New CBO Report Explodes Tax Fairness Myths.  The CBO looks at the distribution of household income and federal taxes up through 2011, the last year for which it has data.  It found, for example, that:  While the top 1% of households accounted for 15% of all income, they paid 35% of all federal income taxes.  The bottom 20% accounted for 5.3% of income, but they got more in refundable tax credits, on average, than they paid in income taxes.  Even when you include payroll and other federal taxes, the bottom 20% carried just 0.6% of the total tax burden.

Fundraising, Or Hate Speech?  [R]ecall 2012 — not exactly ancient history — when Harry Reid repeatedly claimed that Mitt Romney had gone for a decade without paying any taxes.  And was, therefore, presumably a felon, since no one says that Romney has gone without income.  This was not just a lie, but an insane lie.  The idea that a person can earn millions of dollars and just choose not to pay taxes on his income — as though the tax system were entirely optional, and we get to select our own tax bracket — is absurd.  It is, nevertheless, commonly implied when Democrats talk about taxes.

50 Things Barack Obama Has Done Wrong:  [#10]  When he was running for office in 2008, Obama claimed that, "Under my plan, no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."  He lied.

The Big-Spending Obamas.  Does President Barack Obama know how much he is spending?  Critics of the president asked that question after he asserted, "Since I've been president, federal spending has risen at the lowest pace in nearly 60 years."  (This figure comes from an online article that has been widely debunked because, among other sleights of hand, it interprets modest rates of increase in annual spending as a reduction in the spending, even though the total actual spending under Obama's watch has been gargantuan.)

More Fuel Efficient Cars Causing Highway Trust Fund to Go Broke.  The problem, you see, is that the Highway Trust Fund is "going broke," by the Beltway's curious definition of the phrase.  It is sort of the way that after a round of painful "cuts," spending somehow still goes up.  The Highway Trust Fund takes in more than 18 cents on every gallon of gasoline sold in this country, so there is plenty of revenue.  Just not enough to meet Washington's needs and desires.  People are driving more fuel efficient cars and with gas already around $4 a gallon, not taking the trips they might otherwise take.  So instead of having the $50 billion that Congress budgeted, the trust fund is looking at $34 billion.

The Editor says...
Fuel efficient cars are not the problem.  The problem, as you can read below, is that the government spends money from the Highway Trust Fund on projects that have nothing to do with highways.

Federal Highway Trust Fund Pays for Bike Paths in Wisconsin.  A looming shortfall in the federal highway trust fund threatens to dramatically cut the amount of money states get from the federal government for road and highway maintenance.  But even as some policymakers examine the possibility of raising taxes to boost revenues, a review of federally-funded transportation projects in Wisconsin finds that federal money has been spent on things like bicycle paths, archeological research, and beautification projects, among other things.

Why is the HTF out of money?  The current law governing the federal highway and transit programs, set in effect by the last highway bill, is called MAP-21: Moving Ahead for Progress in the 21st Century.  MAP-21 authorizes annual spending well above the revenue the HTF will collect and funds a host of parochial projects that have no business being handled at the federal level.  This practice has allowed HTF expenditures to far eclipse the amount of revenue collected from fuel taxes.

Highway Trust Fund Nearly Out of Money.  Chris Edwards, director of tax policy studies at the Cato Institute, raised similar concerns in testimony in May to the Senate Finance Committee.  "There is no reason to raise the federal gas tax," Edwards said.  "You send the money to Washington, a lot of it gets lost in paper work and bureaucracy and pork-barrel politics."  In his testimony, Edwards noted, since the 1970s, "fuel taxes have been siphoned off for non-highway purposes, particularly with the creation of the transit program in 1982.  About one-quarter of HTF spending today is for non-highway purposes."

Obama's Plan: Taxes, Spending And Debt.  When Obama released his budget this March, he said it included "smart spending cuts" and closed "tax loopholes" that benefit only "the wealthiest Americans."  Obama added that his budget would put "our debt on a downward path as a share of our total economy, which independent experts have set as a critical target for fiscal responsibility."  As with just about everything Obama says, none of these claims turns out be true.  When the Congressional Budget Office scrubbed Obama's budget, it didn't find a balanced or responsible plan at all.

Obama's Economy-Killing Tax-Hike Frenzy Knows No End.  In his first campaign, President Obama pledged to cut taxes for all but the very rich.  Now that another tax day has come and gone, it should be very clear that his pledge was just another in a long line of falsehoods. [...] A new report from Americans for Tax Reform (ATR), a group that advocates tax cuts to restore economic growth, says that President Obama has so far pushed for 442 tax hikes — many of them aimed squarely at the struggling middle class whom Obama has vowed repeatedly to protect.  If Obama were to get his way, he'd be the most prolific tax hiker in history.

Obama casts GOP's balanced-budget plan as 'massive tax cuts' for millionaires.  President Obama on Saturday continued his election-year assault on the House GOP's latest budget proposal, telling Americans the plan would "raise taxes on middle-class families with kids" and cut crucial programs while giving more handouts to the rich.  In his weekly address, Mr. Obama made his case — without explicitly saying so — why voters should elect more Democrats in this November's midterm elections and contrasted the GOP plan with his party's priorities.

Drudge Exposes Another ObamaCare Lie, Pays 'Liberty Tax'.  Despite White House claims no one has to pay ObamaCare's individual mandate tax until next year, a Web heavyweight points out that self-employed individuals file their estimated taxes this year for 2014.  In what could be the tweet heard around the world, Internet icon Matt Drudge tweeted at 11:09 a.m. Friday:  "Just paid the ObamaCare penalty for not 'getting covered' ... I'M CALLING IT A LIBERTY TAX!"  A mere 22 minutes later, White House spokesman Jesse Lee tweeted:  "Flat lie, no fee for previous year."  Lee's tweet shows just how little the White House knows about business, particularly small business, [...]

The Profound Arrogance and Stupidity of Liberals in Charge.  The recent Twitter kerfuffle between Matt Drudge and the Obama/media/academic complex over the ObamaCare tax demonstrates in plain view and without question something many of us have known for years:  while the organized left insist that they are the only ones smart enough to run the world, they remain astonishingly ignorant of how it works. [...] In none of these attacks on Drudge did it occur to these media maestros how self-employed people are impacted by the tax ramifications of ObamaCare.

It's Not an Obamacare Tax: It's an "Individual Shared Responsibility Payment".  Here's your Orwellian Phrase for the Week:  Individual shared responsibility payment.  Yeah... Go ahead and try to wrap your brain around that amalgamation of contradictory concepts.  The phrase is not gleamed from some glossy DNC spin-office, or a Harvard professor's latest psychobabble posing as an academic paper.  Apparently the phrase is the IRS's fancy (new) term for the Obamacare Mandate tax that individuals will have to pay if they fail to get health insurance this year.

White House report says $763 billion stimulus was free.  President Obama's $763 billion stimulus was basically free, according to a White House report that said the American Recovery and Reinvestment Act was so successful that it paid for itself.

IRS Targeting: Round Two.  President Obama keeps claiming that he had no knowledge of the Internal Revenue Service's abusive muzzling of conservative groups.  That line is hard to swallow given that his Treasury and IRS are back at it — this time in broad daylight.  In the media blackout of Thanksgiving week, the Treasury Department dumped a new proposal to govern the political activity of 501(c)(4) groups.  The administration claims this rule is needed to clarify confusing tax laws.  Hardly.  The rule is the IRS's new targeting program — only this time systematic, more effective, and with the force of law.

How Much Redistribution Is Enough?  To deflect attention from ObamaCare's failures, the president this month trotted out his income inequality chestnut.  "A dangerous and growing inequality," he intoned, "has jeopardized middle-class America's basic bargain."  He argued, "as a trickle-down ideology became more prominent, taxes were slashed for the wealthiest, while investments in things that make us all richer, like schools and infrastructure, were allowed to wither."  Apparently, nobody bothered to brief the president before he delivered this speech.  Fact is, federal transportation spending has climbed 39% in real terms since 1980, and spending on education has more than doubled.  And while Obama claims taxes were "slashed for the wealthiest," the average tax rate among the top 1% was higher in 2010 than in the early 1980s.

Obamacare laid bare.  [Scroll down]  Obamacare is the largest transfer of wealth in recent American history.  But you can't say that openly lest you lose elections.  So you do it by subterfuge:  hidden taxes, penalties, mandates and coverage requirements that yield a surplus of overpayments.  So that your president can promise to cover 30 million uninsured without costing the government a dime.  Which from the beginning was the biggest falsehood of them all.  And yet the free lunch is the essence of modern liberalism.  Free mammograms, free preventative care, free contraceptives for Sandra Fluke.  Come and get it.

Banging the Drum for Default.  Actually, default is not paying the interest/principle on what one has borrowed.  Current federal revenue is way more than enough to easily pay what we owe on federal notes, bills, and bonds.  If the feds do indeed have enough revenue pouring in to meet their obligations, then actual default would be an act of volition, a decision by the president.  The president would have to decide to squander the full faith and credit of the nation.  Such an action would be an impeachable offense.  The president tells us that the deficit has been cut in half.  He's right, but that's only because it's come down from astronomical levels.

Obama: Not Allowing Gov't to Borrow More 'Would Amount to a New Tax'.  Obama said once the debt ceiling is raised and the shutdown is over, "there's a lot we can accomplish together."  He called for more job creation at a time when Obamacare is prompting some employers to cut jobs or move workers to part-time.  And he called for additional deficit reduction in a "smarter, balanced way," which is code for tax hikes.

Obama: 'Raising the Debt Ceiling ...Does Not Increase Our Debt,' Though It Has 'Over 100 Times'.  Raising the debt ceiling doesn't increase the nation's debt, Pres. Obama declared in a speech today [9/18/2013].  In a speech at the Business Roundtable headquarters in Washington, D.C., Obama dismissed concerns about raising the debt ceiling by noting that it'd been done so many times in the past.

The Editor says...
This is the kind of double-talking flim-flam that one would expect to hear from a used car salesman out in the sticks — not from someone holding a respectable public office.

New Obamacare rule uses terms 'shared responsibility payment' and 'penalty' instead of 'tax'.  The Internal Revenue Service's (IRS) final rule on Obamacare's individual mandate, released this week, uses the term "Shared Responsibility Payment" more than 50 times to describe the mandate's non-compliance penalty, which the Supreme Court in 2012 defined as a tax.  The IRS also used the term "shared responsibility penalty" in the rule, which does not identify the individual mandate as a tax.

Bam's phone-y tax.  Take note of the Obama administration's latest "for the children" initiative:  expanding high-speed Internet for schools across the country. [...] Team Obama recognizes there's little appetite in Congress for another program.  So it's not even going to try for legislation.  Instead the plan is to stick AT&T with the bill.  And Verizon, Sprint, T-Mobile, etc. [...] To the extent Americans notice the new fee, they are likely to direct their anger at the private carriers rather than the politicians.

Reporters Laugh When Obama's Spokesman Denies Another 'End Run' Around Congress.  The White House press corps laughed when President Obama's spokesman on Wednesday [8/14/2013] said the president, in directing the Federal Communications Commission to raise cell phone taxes to pay for broadband Internet access in schools, would not be going around Congress.

Democrats' Lust For Spending Continues.  All the talk of massive deficits and the need to cut spending apparently hasn't sunk in on Capitol Hill, at least not among Democratic lawmakers who continue to push massive amounts of new spending.

The Spending Cuts that Never Were.  Do Washington politicians think we are stupid?  There are no cuts in Federal spending.  Yet big-government politicians and advocates continually beat the drum about (nonexistent) budget cuts.  Are big-spenders playing a "long con?" [...] President Barack Obama tried to blackmail Americans into accepting tax increases by holding air travel hostage.  Let's call Obama's tactic what it is:  extortion.  Obama tried to convince Americans and Congress that unless Congress surrendered to Obama's agenda for higher taxes and higher debt limits, businessmen and vacation travelers would face long delays at airports.

Tax Breaks Don't Unfairly Benefit The Wealthy.  A new Congressional Budget Office report shows that the rich get most of the benefit from various deductions and credits in the tax code, music to the ears of the soak-the-rich crowd.  But since the wealthy pay nearly all the nation's income taxes, this is hardly a sign of unfairness.  According to the CBO report, the government "spends" about $900 billion through deductions, exclusions, special tax rates and tax credits, with more than half going to the wealthiest 20% of households, while just 8% goes to the bottom fifth.  Democrats, who ordered the report, celebrated the news, since it appears to provide ammunition for their campaign to impose another tax hike on the rich in the name of fairness.

The Bully Pulpit.  We have truly entered the world of "Alice in Wonderland" when the CEO of a company that pays $16 million a day in taxes is hauled up before a congressional subcommittee and denounced on nationwide television for not paying more.  Apple CEO Tim Cook was denounced for contributing to "a worrisome federal deficit," according to Senator Carl Levin (D., Mich.) — one of the big-spending liberals in Congress who has had a lot more to do with creating that deficit than any private citizen has.

The Apple Tax Diversion.  You almost have to admire Carl Levin's timing.  Amid a furor over politicized IRS tax enforcement, the Michigan Democrat on Tuesday tried to change the subject to a hardy Washington perennial — corporate tax loopholes.  Too bad his designated business pinata, Apple, demonstrates instead the insanity of the tax code that Mr. Levin has done so much to write.

Outgoing IRS Chief: Taxes [are] Voluntary.  On Friday, former acting IRS Commissioner Steve Miller, testifying before the House Ways and Means Committee, said that America's tax system is "voluntary."  During the hearing, Rep. Devin Nunes (D-CA) said in passing that the U.S. tax code is a "voluntary system."  Miller simply responded, "Agreed."  This line has been used before by none other than Senate Majority Leader Harry Reid.

There Was No Surge in IRS Tax-Exempt Applications in 2010.  Fewer groups sought recognition as 501(c)(4) social welfare organizations that year than in 2009, according to the Treasury Department.

CBO: Obama Vastly Exaggerated Deficit Cuts In Budget.  When Obama put out his budget in mid-April he said that it "will reduce our deficits by nearly another $2 trillion," and "does so in a balanced and responsible way, a way that most Americans prefer."  But the CBO report finds that Obama's budget will cut 10-year deficits by just $1.1 trillion, with annual deficits starting to rise again after 2017.  And far from being balanced, the CBO found that his plan's tax hikes would outweigh spending cuts by nearly 6 to 1.

The 'Independent' Revenue Service.  One notable aspect of the Internal Revenue Service scandal is President Obama's strange view of accountability within the executive branch.  In his Monday [5/13/2013] remarks addressing the targeting of conservative groups for tax-exempt scrutiny, Mr. Obama declared that the IRS is "an independent agency." [...] The IRS is many things, but "independent" isn't one of them.  It is formally part of the Treasury Department and is headed by the Commissioner of Internal Revenue, who is appointed by the President.  The Commissioner is accountable to the President reporting through the Treasury Secretary.

More about the use of the IRS as a weapon.

Obama: $1 trillion in Obamacare spending is historic 'tax cut'.  As part of a Mothers' Day weekend defense of his signature legislative accomplishment, President Obama claimed that the law represented the "largest health care tax cut for working families and small businesses in our history."  His argument was a Hail-Mary effort to redesignate subsidies for individuals to purchase health insurance on government-run exchanges as a "tax cut."  But according to the Congressional Budget Office, these subsidies actually qualify as more than $1 trillion in "Exchange Subsidies and Related Spending."

Obama Budget Shows Middle-Class Tax Pledge Was Fraud.  A new study shows President Obama's budget would significantly boost taxes on the middle class.  Funny, we seem to recall him promising voters that only the rich would pay for his grandiose spending plans.

The Decline of Obama.  In the 2014 budget he announced last week, Obama proposed a more accurate way of calculating the inflation rate for annual cost-of-living increases in Social Security.  It's a technical change in pursuit of honesty and good government.  And if adopted, it would cause benefits to grow more slowly, though almost imperceptibly so. [...] Then came the catch.  The president's price for adopting this gentle reform was hundreds of billions in new tax increases.  It was a price Republicans were certain to reject, as Obama surely knew.

Senate Democrats Want Unnecessary $1.5 Trillion Tax Increase.  It has been nearly four years since the last time the Senate passed a budget.  In that time, it hasn't as much as proposed a budget.  That at long last changed yesterday when Senate Budget chairwoman Patty Murray (D-WA) released a budget plan for next year.  Now that the Democrats in control of the Senate have at least proposed a budget, passing it through the senior chamber will be the next challenge.  Doing so will be no small order.  It could be difficult because, to no one's surprise, Murray's budget includes a massive tax increase.  She wants to raise taxes by $1.5 trillion over the next 10 years.  She would do so by "closing loopholes."

Obama: Our Out-of-Control Debt Is 'Sustainable' for the Next Decade.  In an interview with former Bill Clinton apparatchik George Stephanopoulos aired on ABC Wednesday morning [3/13/2013], President Barack Obama shared his beliefs about where the nation stands financially.  The takeaway quotes from that sit-down concern Obama's unserious take on the size and grave nature of the federal government's annual deficits, which have exceeded $1 trillion during each of the past four fiscal years, and the national debt, which, at $16.71 trillion as of Tuesday, has increased by over $6 trillion since he took office less than 50 months ago.

Pelosi: 'Tax Cuts Are Spending'.  House Minority Leader Nancy Pelosi (D.-Calif.) said today that the government must cut spending, and then explained that:  "Tax cuts are spending."  "Our whole budget is what $3.5 trillion," Pelosi said at a Capitol Hill press conference.  "So, when we talk about reducing spending, we certainly must, and we certainly have — $1.6 trillion in the previous Congress, $1.2 [sic] of it in the Budget Control Act.

Harry Reid Won 'Whopper Of The Week' For $2.5 Trillion Deficit Reduction Claim.  During a speech on the Senate floor last week, Senate Majority Leader Harry Reid falsely claimed that the Democrats have reduced the budget deficit by $2.5 trillion.  It's such a gross lie it's almost laughable, and earned Reid the "Whopper of the Week" award from The Washington Guardian.

Harry Reid falsely claims the government has cut the deficit by $2.5 trillion.  It's politically fashionable now to say you've helped reduce the nation's debt.  And at nearly $1 trillion annually, there's a lot of debt to be reduced.  But during a speech this week on the Senate floor, Majority Leader Harry Reid claimed that over the past two years the government has reduced the deficit by $2.5 trillion — almost double the amount the deficit is right now.  "In the last two years we have reduced the deficit by $2.5 trillion," he said.

The Editor says...
This shows how comfortable the Democrats have become with the word trillion.

Rep. Conyers: 'The Debt Is Not Endangering Us a Bit ... We Don't Think There's a Problem'.  Rep. John Conyers (D-Mich.), the ranking member of the House Judiciary Committee, said on Thursday [3/14/2013] that the nation's current debt of $16.7 trillion is "not endangering" the country, adding that "some debt is not a bad idea" and that he and other congressional Democrats "don't think there's a problem."  Conyers and other liberal Democrats spoke at a Capitol Hill press conference about their initiative to compel Congress to cancel the across-the-board budget cuts (sequester) of $1.2 trillion over 10 years, which actually are reductions in the rate of increase in federal spending and amount to $44 billion for this year.

The Logic of Liberalism.  [Scroll down]  In sum, the liberal solution almost always involves more governmental intervention, more governmental interaction, and particularly more taxation.  Moreover, the liberal wants to be involved in everything; no issue is too unimportant for their watchful eyes. [...] One could justifiably argue that every proposed tax dollar increase is earmarked to be spent on three or more distinct venues.  This small, though paradoxically large, detail is never explained by anyone.

President Obama's Colossal Media Blunder.  Eschewing talks with Congress or any pretense of leadership, he is instead flying around the country burning $180,000 an hour on Air Force One laying out a parade of horribles that will descend upon us if the growth of federal spending were reduced by one iota.  Why is he doing this?  Because the mainstream media are lapping it up.  Poisoned meat coming to grocery shelves near you!  Air traffic grinds to a screeching halt!  Fires, murder, and mayhem in the streets as first responders are laid off!

Simpson-Bowles Exposes Obama's Phony Deficit Claims.  Liberals are howling about the latest Simpson-Bowles deficit plan because, they say, it's too right wing.  It's hardly that.  But the plan does expose how fatuous President Obama's claims about the deficit have been.

Obama uses cops and firemen as props:
Republicans Would Rather Protect the Wealthy Than First Responders, Obama Says.  Speaking at the White House on Tuesday [2/19/2013], President Obama said Republicans have a choice:  "Do you want to see a bunch of first responders lose their jobs because you want to protect some special interest tax loophole?"  He was surrounded by emergency responders as he spoke.

The Editor says...
I wasn't aware that firemen and cops received their paychecks from the federal government.

Without Serious Spending Cuts, the Conservative Base Will Walk Away.  What the Fiscal Cliff deal also illustrates is the utter mendacity of Democrats who for years droned on and on about the Bush tax rates as "tax cuts for the wealthy."  The vast majority of Democrats (49 in the Senate and 172 in the House) voted to make the evil Bush tax rates permanent.  The lapdog media, however, contends that the president won big in the Fiscal Cliff deal.

The Sequester Was Always About Raising Taxes.  President Obama's proposal to delay the $1 trillion sequester with a "balanced" package of spending cuts and tax increases should come as no surprise.  Since its initial conception back in August 2011 (it was Obama's idea), the sequester has always been viewed by Democrats as a mechanism with which to exact higher taxes from Republicans.

Democrats offer only one solution to any problem:  More spending and higher taxes.
Harkin: 'Is It a Spending Problem? No ... It's a Misallocation of Wealth'.  Sen. Tom Harkin (D-Iowa) said on Thursday that U.S. government does not have a spending problem, but America suffers from "a misallocation of wealth."  "I look at it this way," Harkin said at a Senate Appropriations Committee hearing on the Budget Control Act of 2011 (the law that includes the automatic spending cuts referred to as "sequestration").  "We're the richest nation in the history of the world.  That kind of begs the question doesn't it?  If we're so rich, why are we so broke?"

The Editor says...
There are so many lies and half-truths in Senator Harkin's outburst that it is difficult to catalog them all.  First, the United States is not necessarily the richest nation on earth, if the country's assets are weighed against its $16 trillion debt.  Second, the private individuals' wealth cannot be counted toward the "nation's" wealth.  Third, the top 1% of American taxpayers pay most of the taxes already.  Fourth, the reasons for this country's financial ailments are no mystery:  the government employs far too many bureaucrats, gives money to people who are too lazy to work, rewards promiscuous women for repeatedly giving birth to illegitimate children, and wastes billions of taxpayer dollars on extravagant pork barrel projects that benefit no one.

NY Times Notices Obama Tax Hikes Are Crushing Americans, Fails to Mention Obama.  This should be the first in a series.  Wait until these poor [people] start have to paying $20,000 a family to start for their free ObamaCare.  Still, curiously missing from this story is the name of the man responsible for this massive tax hike.

Remember Obama's tax hikes on the rich to pay debt? He's already spent every penny.  For weeks Obama traveled the country telling anyone who would listen and some who'd rather not that he's so absolutely positively determined to cut America's $16.4 trillion national debt that he did so much to grow.  And he was insistent on milking money from the rich to do just that.  Well, guess what?  That $50.4 billion spending bill for, among other things Hurricane Sandy aid, just ate up every single penny of that tax hike for this year, plus another $10 billion.

The bankruptcy of the Obama-Pelosi 'progressive' agenda.  Government spending is up over a trillion dollars, the federal deficit is spinning out of control and the country faces a credit downgrade by Moody's.  Former speaker Pelosi vilifies Republicans for not embracing the President's "balanced" approach, but he shows no interest in cutting spending and only passion for raising taxes on success.

Sandy relief bill eats up taxes on the rich.  Congress is poised to clear the final $50 billion chunk of emergency aid for Superstorm Sandy relief Monday [1/28/2013] — and in one vote, it will have used up all the new tax money President Obama won by raising rates on the wealthy in the "fiscal cliff" deal.

Now They Tell Us: Obama's Tax Promises Were Bogus.  Remember all those mainstream news reports before the election about how President Obama's expansive spending plans would require massive tax hikes on everyone, not just millionaires and billionaires?  Neither do we.  But somehow after the election, reporters are finally admitting that Obama's budget numbers simply don't add up and that new taxes on the middle class — including a European-style value added tax — are "inevitable."

Obama's Zero-Sum Game and the Coming Redistribution Bubble.  Obama has used redistribution rhetoric to spend so much money that a deficit of over 5 trillion dollars has been created in just his first term.  What does Obama expect will happen when this debt needs to be paid?  If all of the Obama debt is paid by only the rich, then the zero-sum solution would predict that less money is then available to redistribute to the poor.  If Obama expects all taxpayers, both rich and poor, to pay this debt, everyone will be left with less disposable income.  Through time, then, more income taxes will be used to service the debt payment, not to support income redistribution.  The president and his army of academic supporters refuse to address this issue.

The truth about Obama's tax fake out.  Further out, this agreement will do almost nothing to slow the dangerous erosion of our nation's financial strength; projected ten-year deficits of $7.9 trillion will be whittled down by $650 billion as the wealthy, by the way, pay not "a little more," but quite a lot more.  On top of a hike in rates from 35% to 39.6%, the wealthy will also see deductions phased out, will be paying new surtaxes on investment income to fund ObamaCare and Medicare as well as higher rates on investment income.  In addition, several states, including California, have passed new taxes on those in the top income brackets.

Let's Retire These Tired Straw Men in 2013.  The notion that somehow the budget is going to be balanced "on the backs of" a sacred-cow contingency (usually teachers, policemen, and firefighters) is quite difficult to respond to, simply because it doesn't make any sense coming from Obama and his party.  The Democrats extended the Bush tax cuts in December 2010 when they had total control of the federal government.  In January 2011, the Republicans gained control of only the House and couldn't push changes to tax policy.  Moreover, the Bush tax cuts helped the middle class and working class tremendously.

Obama: 'I Cut Spending by Over a Trillion Dollars in 2011'.  Appearing on NBCs "Meet the Press" on Sunday, President Barack Obama said that he cut spending by more than $1 trillion in 2011.  However, the White House Office of Management and Budget says that federal spending increased by $147 billion from fiscal 2010 to fiscal 2011.

The Fiscal Cliff Diversion.  [Scroll down]  Yet maybe the most telling informational deficiency is the shortage of reporting on the economic stimulative effects of previous income tax and capital gain tax reductions.  Reductions that then resulted in growing tax revenues and appreciable increases in prosperity for the American people.  In fact MSM stories have tried to debunk the realities of the Coolidge, JFK, Reagan, Clinton and Bush 43 tax reductions that kick started past sagging economies.  The media's reluctance to discuss tax cutting or the subsequent economic surges that followed their execution has largely removed these strategies from public debate.

The truth is that politicians are telling lies.  If a tax rise is modest enough to be politically acceptable to much of the electorate, it will not produce anything like enough to finance the universal American entitlement programmes, social security and Medicare, into a future with an ageing population.  There is no way that "taxing the rich" — that irresistibly glib Left-wing solution to everything — can make present and projected levels of government spending affordable.

With Election Over, Americans Find They Were Duped By Democrats And Obama.  Remember how Obama and his Democratic surrogates taunted Republicans repeatedly, saying they wanted to raise taxes only on "millionaires and billionaires" while cutting taxes for the middle class?  When Republicans tried to do just that, Obama said no thanks.

American Politics as a Confidence Game:  One of the most incredible and successful confidence games recently has centered on claims that the rich don't pay their "fair share," with the implication that the rest of us are shouldering a disproportionate burden of federal income tax payments.  Now, the target in this case consists of half the population that pays no federal income taxes at all, along with their "shills" — supporters — in the media and elsewhere.

Priebus: Obama's Fiscal Cliff Talks 'Dishonest Conversation'.  "It's ridiculous that we're having conversations about raising taxes in order to avoid a fiscal cliff, which is something that will, obviously, raise taxes on every American no matter what you make — and that the president is willing to do in order to try to raise taxes on people no matter what their income is," [RNC chairman Reince] Priebus tells Newsmax in an exclusive interview.

Boehner's Plan B Exposes Obama's Grade-A Tax Lie.  For years, President Obama said he just wanted to raise taxes a little bit on millionaires and billionaires.  So guess how he responded when House Speaker John Boehner proposed to do just that.

Obama Peddles Massive Myth About The Fiscal Cliff.  Practically every time he opens his mouth these days, President Obama warns that middle-class taxes will automatically go up on Jan. 1 if Congress fails to act on the fiscal cliff before year's end. [...] But Obama is creating a false sense of urgency — and needlessly scaring millions of middle-class families — simply to gain additional political leverage over Republicans.

Obama's Tax-the-Scapegoat Strategy Is Doomed to Fail.  In an interview with Fox News host Bill O'Reilly last year, President Obama claimed he "didn't raise taxes once."  O'Reilly didn't challenge the claim, and other reporters repeated it as fact.  But it was completely false.

White House's spending cuts? Critics call it creative Washington accounting.  "Over the past several years and as a part of the debt limit negotiations, they pretended to cut spending using the Washington definition, meaning that spending doesn't rise as fast as it was going to," Dan Mitchell of the Cato Institute said.  The "Washington definition" Mitchell refers to is baseline budgeting, a technique put in place in 1974 as a part of post-Watergate reforms that allows spending increases every year by factoring in inflation and population increases.  Under baseline budgeting, legislators frequently use the term "cuts" to describe what is, in reality, a slowing of projected growth.

What happens if we confiscate 100% of all the income for people who make more than $200K?  The IRS received 3,924,490 tax returns showing an income over $200K.  These returns represent a total income of $1.964 trillion!  That's a huge amount of money.  But it's still not enough.  The federal government is spending about double that this year.  Confiscating 100% of the income from those who made more than $200K funds the federal government for only about six months.

Italics in original.

Tax-the-Rich Obama Fairy Tale Won't Magically Restore Public Services.  The Obama administration and its allies are so desperate to portray tax hikes on the rich as the solution to all our problems that they're trying to persuade the public that tax cuts for the rich caused all those problems.

Spender in Chief.  Obama's plan for a fiscal cliff compromise reflects his hostility to spending cuts.  Instead, he wants to raise taxes by $1.6 trillion.  That's a nonstarter.  He wants another stimulus of $50 billion.  It's already DOA on Capitol Hill.  Worse, he's back with the most fraudulent spending cut of all, $800 billion in reduced funding for wars in Iraq and Afghanistan a few years from now when they're no longer being fought.

Obama Wants to Spend More, More, More.  President Barack Obama is demanding more than $1 trillion in new spending as part of a deal to avert the so-called fiscal cliff, according to a top Republican Senator.  Sen. Jeff Sessions (R., Ala.), ranking member on the Senate Budget Committee, is taking the White House to task for its "disappointing" effort to mislead the American people on the issues of spending and taxes.

Mantra Raves.  It's not hard if you have a show on MSNBC.  There's a mantra and all you do is repeat it, like a fourth grade math teacher going over the same fractions year after year until she starts to develop a dislike for 10-year-olds.  I get home from work and click on the TV and MSNBC's Chris Matthews is saying "the rich" aren't paying their "fair share."

Fiscal Cliff Notes: Part II.  It sounds very plausible, and constant repetition without a challenge may well be enough to convince the voting public that, if the Republican-controlled House of Representatives does not go along with Barack Obama's demands for more spending and higher tax rates on the top 2 percent, it just shows that they care more for "the rich" than for the other 98 percent.  What is remarkable is how easy it is to show how completely false Obama's argument is.  That also makes it completely inexplicable why the Republicans have not done so.

Costly Words.  I have several pet peeves, and one of them is the idea that when Americans get to keep their own money, it somehow "costs" the government.

Obama believes 'balanced' means more spending, higher taxes.  President Obama has made clear that he will not accept a deal to avoid the "fiscal cliff" that does not include tax rate increases for families making more than $250,000 annually.  But just how much will this tax increase accomplish in terms of reducing deficits and putting the nation on the right fiscal track?  As it turns out, not much.

Full List of Obamacare Tax Hikes.  Obamacare law contains 20 new or higher taxes on American families and small businesses.

Sky-High Spending, Not Bush Tax Cuts, Drives Deficits.  President Obama often talks about the need for a "balanced" approach to deficit reduction, by which he means tax hikes in addition to spending cuts.  At the recent presidential debate, for example, he said, "We've got to reduce our deficit, but we've got to do it in a balanced way — asking the wealthy to pay a little bit more along with cuts."  The only problem with this approach is that the massive projected deficits over the next 10 years aren't the result of too few taxes.  They are entirely the result of too much spending.

Obama's Big Tax Increases on Small Business.  It is quite a stretch for President Obama to argue that he wants to cut taxes for small businesses.  In reality, he is proposing to increase taxes on small businesses by around $49 billion.

No More Excuses.  Interestingly, Obama and the Democrats have had their own stock response line to every problem — it's George W. Bush's fault.  Blaming the current economic mess on tax cuts, as Obama and his warm up act, Bill Clinton did, is a bit bizarre, but the Democrats don't have a whole lot to work with.  Tax cuts had nothing to do with the financial panic of 2008 or the real estate bubble that preceded it.  At no time in American history can a tax cut be shown to have caused a recession.

Schumer Cites 'Impartial' Tax Report Authored by Obama Donor.  [Scroll down]  The Washington Free Beacon reported last month that the report's author, Thomas L. Hungerford, has donated at least $3,400 to Obama and at least $2,450 to Democratic candidates and committees since 2008.

Obama's childlike belief in the money tree.  There is something at once fascinating and frightening in the Obama campaign meme that the rich should be forced to "pay a little bit more." [...] He told an audience at George Washington University that "the rich can afford to give back a little bit more."  Notice that the wording is give back not give, as though tax revenues are monies that belong to the government in the first place.

Biden: It Won't Cost Gov't a Penny to Help More Homeowners If GOP Would 'Just Get Out of the Way'.  Vice President Joe Biden, speaking at a high school in Detroit Wednesday [8/22/2012], said "it won't cost the government a penny" to help more homeowners stay in their homes, "if the Republicans would just get out of the way."  Biden took credit for cutting taxes for the middle class "every year we've been in office," adding that federal taxes for the middle class are "nearly at their lowest levels since the Eisenhower administration."

Obama Lies, Claims Romney-Ryan Will Raise Your Taxes.  Suddenly the greatest tax-hiker in American presidential history, Barack Obama, is posing as a tax-cutter, and trying to position tax-cutters Mitt Romney and Paul Ryan as tax-hikers.

The shocking truth that Harry Reid can't deny.  [Scroll down]  Reid didn't have time apparently to mention an accurate report that 36 Obama White House aides are $833,000 behind in their taxes, according to the Internal Revenue Service.  Nor did Reid explain how the IRS has somehow overlooked a decade of missing tax returns from a multi-millionaire who's this administration's main political opponent.

The Obama Campaign: Like Demagoguery, Only Dumber.  Didn't the Democratic House of Representatives pass a two-year extension of the Bush-era tax rates in 2010?  And didn't the Democratic Senate likewise pass a two-year extension of the same rates?  And what president signed that extension of the Bush era tax rates — just like the one the House passed today — into law?  Wasn't that Barack Obama?  So, when the Democrats extended the same rates in 2010, was it "reckless tax cuts for the wealthy?"  Was it "putting millionaires and billionaires ahead of the middle class" when the Democrats did it?  Back then, Barack Obama said it was a bad idea to raise taxes in a recession.  What's changed?  Is Obama now willing to raise taxes because he thinks "the private sector is doing fine?"  Or is this whole thing nothing but craven political posturing for November's election?

Dems Leave Reid Out to Dry on Tax Accusations.  Senate Majority Leader Harry Reid continues to accuse Mitt Romney of ducking taxes for 10 years without a hint of evidence. [...] If Reid thought his accusations would result in another media outcry for Romney's tax returns, he made the wrong bet.  Instead the media seems to be primarily interested in chronicling Reid's bizarre outbursts.

Obama's Calculated Deception.  The Obama campaign is trailblazing new realms of dishonesty in the history of American politics, bringing to America for the first time Soviet-style propaganda that flies in the direct face of reality, buttressed by dishonest, party-controlled media operations.  Moreover, it is a classically abusive Saul Alinsky trick to accuse your opponent of planning to do exactly what you have done, as Obama does in continually accusing Romney of proposing to raise taxes on the middle class.  Only an idiot can fail to see that the entire Democrat party's spending plans require sweeping tax increases on the middle class.

In Obama's World, The Government Owns Your Paycheck.  Speaking last Wednesday in New Orleans at a campaign event, Obama talked about "another trillion-dollar giveaway for millionaires" in reference to an extension of the Bush-era tax cuts.  A day later, White House spokesman Jay Carney did the same thing.  He called the extension "another $1 trillion giveaway to the wealthiest Americans."  What they are talking about is the House Republicans' opposition to legislation approved in the Senate that would raise taxes on those earning more than $250,000 a year, a sum less than the president makes yet is somehow considered to be the mark of wealth.

Obama Promised He Wouldn't Raise Taxes On the Middle Class. He Lied.  When he was asking for our vote in 2008, then candidate Barack Obama famously promised the American people, "I can make a firm pledge.  Under my plan no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."  But as the Supreme Court has now authoritatively ruled, the Obamacare individual mandate, requiring workers to purchase the health insurance the government specifies each family must buy, is a tax.  And that tax applies to the middle class and working people.  CBO estimates that health insurance will cost $15,000 per year on average for families soon after Obamacare is fully implemented, rising rapidly from there.  That is the individual mandate tax on the middle class and working people.

A Primer on Obamanomics.  For some four years now, Barack Obama has been telling us that the dramatic tax cuts that George W. Bush got passed in order to encourage investment, rev up the economy, create jobs, and generally let Americans keep more of their own money were really a disaster.  According to the Book of Obama, those tax cuts led to the Great Recession that it took his administration to end.  But if so, why does he want to extend those same tax cuts?  If they were such a bad idea then, why are they such a good idea now?  Because a different president is pushing them?

The Invincible Lie.  Anyone who wants to study the tricks of propaganda rhetoric has a rich source of examples in the statements of President Barack Obama.  On Monday, July 9th, for example, he said that Republicans "believe that prosperity comes from the top down, so that if we spend trillions more on tax cuts for the wealthiest Americans, that that will somehow unleash jobs and economic growth."  Let us begin with the word "spend."  Is the government "spending" money on people whenever it does not tax them as much as it can?  Such convoluted reasoning would never pass muster if the mainstream media were not so determined to see no evil, hear no evil and speak no evil when it comes to Barack Obama.

No, Obama Hasn't Cut Small Business Taxes 18 Times.  President Obama has been running around lately claiming he's cut small business taxes more than a dozen times.  That no doubt would be news to the nation's small business owners.

Obama Says People Who Watch Fox News Are "Stubborn".  "So, just in case some of your friends or neighbors or, ya know, Uncle Jim who's a little stubborn and been watching Fox News and, ya know, he thinks that somehow I raised taxes.  Let's just be clear.  We've lowered taxes for middle class families since I came in office," President Obama said at a campaign event in Virginia Beach, VA today [7/13/2012].

The Invincible Lie: Part II.  The point here is that Obama knew then that tax rates and tax revenues do not automatically move in the same direction.  In other words, he is lying when he talks as if tax rates and tax revenues move together.  Ms. Borger and others in the media may or may not know that.  So they are not necessarily lying.  But they are failing to inform their audiences about the facts — and that allows Obama's lies to stand.

Joe Biden 'considers $379,000 income middle class'.  Joe Biden considers himself to be part of America's middle class, despite his $379,000 income.  Speaking to the National Council of La Raza in Las Vegas about home ownership, the vice president said that the upper class 'doesn't get it — for middle class folks like me and you, owning a home is the single most consequential element to our existence.'  President Obama has been heavily campaigning his $250,000 threshold that would cause income taxes to rise for the wealthy.

Obama: "If You've Got Health Insurance, You're Not Getting Hit By A Tax".  At his third campaign event of the day, President Obama told supporters in Roanoke, Virginia those with health insurance, under ObamaCare, won't get "hit by a tax."  Of course, this implies if you do not abide by the individual mandate then you will be facing a tax.

We don't 'pay' for tax cuts, Mr. President, we pay for spending.  "This isn't about taxing job creators; this is about helping job creators" — Barack Obama.  Is there a "fairness" factory out there somewhere producing jobs?  If not, many questions remain about Barack Obama's obsession with ending Bush-era tax cuts.  Namely, how it would do anything to help propel economic growth?  (It won't.)

Obama silent while spokesman denies mandate is a tax.  In an interview on CNN Thursday morning [7/5/2012], Obama campaign spokesman Ben LaBolt said that President Obama disagrees with the Supreme Court's ruling that the individual mandate in Obamacare is a tax.  Anchor Soledad O'Brien asked LaBolt:  "His spokesman... said it's a penalty.  The Supreme Court has said it's a tax.  What does he believe?"  "That it's a penalty," LaBolt answered.  "You saw our arguments before the Supreme Court..."  "So then he disagrees with the Supreme Court decision that says it's now a tax?" O'Brien asked.  "That's right," said LaBolt.

Obama Spokesman: Obamacare Is Unconstitutional, MSM Ignores.  Thursday [7/5/2012], on CNN's morning show "Starting Point," Obama campaign spokesperson Ben LaBolt first said President Barack Obama thought the individual mandate was a "penalty" even though the Supreme Court said it was a tax. When asked if Obama disagreed with the Supreme Court's ruling on Obamacare, LaBolt then said, "that's right.  He's said that it's a penalty."  Then, LaBolt lied and said the Obama administration never even argued the individual mandate could be a tax during oral arguments...

White House Memo Urges Allies to Mislead on Obamacare Tax.  A memo published by White House Senior Adviser David Plouffe advises allies to mislead when they discuss the recent Supreme Court decision on the individual mandate, saying they should call it a penalty when it is in fact a tax.

Delusional Thinking on the Left.  What is going on here is that liberal reporters and columnists are trying to convince us that the fact that the Supreme Court upheld Obamacare's mandate only as a tax, and that Obama's lawyers argued vociferously that the penalty is a tax, at the same time that Barack Obama denied it is a tax, is somehow Mitt Romney's problem rather than Obama's.  This is a typical liberal tactic:  if we say something over and over — in unison! — we can make people believe it.

ObamaCare's 7 Tax Hikes On Under $250,000-A-Year Earners.  Obama's pledge against any form of tax increase on Americans making less than $250,000 a year "was thrown out the window" when he signed the healthcare law, says John Kartch, communications director with Americans For Tax Reform (founded by anti-tax crusader Grover Norquist).

DNC Chair: It's easiest for the IRS to administer the health care mandate, but it's not a tax.  Just remember, guys:  The Internal Revenue Service might be the best-equipped entity to administer the "penalty," and the "penalty" might be assessed on your tax return, but the requirement to pay a "penalty" if you don't buy health insurance is most definitively not a tax.

Obamacare's Hideous History, Recounted.  [Scroll down slowly]  Twelfth, as has been well documented, the administration and Democrats had to argue first that the individual mandate's penalty was not a tax (in order to round up congressional votes), then had to argue in some courts that it was a tax (for some purposes) and in other courts that it wasn't a tax (for other purposes), and then have to use the "it's a tax" argument as a Hail-Mary afterthought in its Supreme Court argument even while knowing full well that if they somehow won the case on that basis, they would immediately disavow in public the very argument they used to win the case.

Obama, Roberts, and the Left Juristocracy.  It was widely expected that Roberts would oppose using the Commerce Clause to allow Congress to do whatever it wanted, but entirely unexpected that Roberts would give the same effective power to Congress through its taxing power, when the Obamacare legislation never invoked that power or even the word "tax."

Lew's Law.  Yesterday John wrote about the appearance of Obama chief of staff Jacob Lew on Fox News Sunday [7/1/2012].  Lew did not simply deny that that the Supreme Court upheld Obamacare on the ground that the individual mandate is a tax.  He would't even concede that the Supreme Court so held (wrongly, in my opinion) because the lawyer representing the government in the case asserted that it was.  When Chris Wallace plays the clip from Solicitor General Donald Verrilli making the relevant point during the oral argument before the Court, you can see the gorge rising in Lew's face.  He is angry at being shown up as a liar, yet it does not deter him in the least.

More about the Supreme Court decision on Obamacare.

Now Available: Free "Obama" Phones.  If you are already receiving any public service, you are probably entitled to a Volksphone.  There are upwards of 20 million people enjoying what they are told are "free Obama phones".  The rest of us are forced to subsidize the Volksphone through hidden taxes assessed by the Obama Federal Communications Commission (FCC), through the universal service fund. [...] Obama's emissaries created the program, mandate the assessments on the telecommunications companies, who then pass the cost to us.  Then candidate Obama can enjoy the fruits of the giveaway, while Chief Executive Obama can deny responsibility for levying the taxes.

Obama Lies About Reagan Endorsing Buffett Rule.  The president's narcissistic self-insertion into official presidential biographies would have us believe the Great Communicator would agree with the Great Teleprompter Reader on taxes.  Well, there he goes again.

Look What Obama's Bragging About Now.  President Obama boasts on Twitter that spending, taxes and deficits are all below where they were when he took office.  The truth is, he inherited a bad situation and made it worse.

President's Math Doesn't Add Up.  [Scroll down]  And what about the president's hallmark proposal to tax all millionaires a minimum of 30 percent?  As it turns out, most already are paying that amount, so despite all of the president's bluster, it would only bring in about $4 billion per year  — enough to fund Social Security and Medicare for about a day.  Apparently, in the president's world, numbers no longer need to add up.

Krauthammer: Obama's Buffett rule push 'an embarrassment,' 'so shameless,' 'deceptive'.  "It's literally incredible," Krauthammer said.  "It's almost an embarrassment.  It's so shameless.  If you were to collect the Buffett tax for the next 250 years, that's longer than the life of this republic, you will not have covered the deficit — Obama's deficit — for 2011.

Obama's Springtime of Discontent.  A centerpiece of Obama's re-election strategy is class warfare personified by the promotion of the Buffett Rule -- legislation to compel Americans earning $1 million or more annually to pay a minimum 30% in income taxes regardless of the income source.  Last September the president claimed that this tax was needed to "stabilize our debt and deficits for the next decade."  However, it turned out that the total amount of revenue raised by this tax over the next ten years was a mere $46 billion, while the projected deficits in the Obama ten year budget would amount to more than $9,600 billion.

The case of President Obama's missing oil tax.  Candidate Barack Obama pushed it hard in 2008:  a tax on Big Oil company profits that would flow back to families in $1,000 rebate checks.  President Barack Obama acts as if the idea never existed.

Clueless About Job Creation.  When the president begins a speech these days with praise for free markets, look out!  What comes next are proposals for more government intervention in the economy and higher taxes.  That's the recipe, Obama says, to "encourage our long-term economic growth and stabilize our budget."  He said so in his Republicans-are-Social-Darwinists speech in Washington two weeks ago to newspaper editors.  Near the outset, Obama declared: "I know that the true engine of job creation in this country is the private sector, not Washington, which is why I've cut taxes for small-business owners 17 times over the last three years."  Those cuts have had minimal effect, and not surprisingly.  They were tiny and temporary, and few small-business owners bothered to claim them, if indeed they were eligible to do so.  Meanwhile, the president has persistently sought to raise their income taxes.

Obama: I'm not trying to 'redistribute wealth'.  President Obama, who famously called for tax increases on the wealthy to "spread the wealth around," denied today [4/10/2012] that his tax increases on the rich are an attempt to "redistribute wealth."  "So these investments — in things like education and research and health care — they haven't been made as some grand scheme to redistribute wealth from one group to another," the president said today at Florida Atlantic University.  "This is not some socialist dream," Obama added, as he called for tax increases on millionaires today to pay for those investments.  When he advocated the same plan in 2008, though, Obama described this "spread the wealth around" policy.

The Buffett Rule shows...
The President's Intellectual Exhaustion.  The Obama presidency has reached the point where a policy that virtually everyone (including the president) concedes is a gimmick is now a centerpiece of Obama's campaign.  There are many ways to measure the intellectual exhaustion of the Obama presidency.  This isn't a bad place to start.

Obama's Fuzzy Math.  One passage from the president's April 3 speech at the Associated Press luncheon in Washington, D.C., which he has repeated several times this week, contains some dubious assertions but has yet to receive any public scrutiny.  Obama contends that the GOP budget, authored by Rep. Paul Ryan (R., Wis.), would provide "an average tax cut of at least $150,000 for every millionaire in America."  It is unclear how the president arrived at that figure.

White House considered a $170 billion soda tax to pay for Obamacare.  In the view of the Obama White House, a $170 billion excise tax on soda doesn't raise taxes on the middle class.  Nor does a new $20 billion labor tax raise taxes on the middle class.  Unless the tax is specifically an income tax, it doesn't really count against Obama's pledge in their view.  This is why Obama doesn't consider various Obamacare taxes, such as new limits on health savings accounts or taxes on medical device manufacturers, as middle-class tax hikes, although they surely will come out of middle-class pocketbooks.

Exodus: California Tax Revenue Plunges by 22%.  California politicians seem delusional in their continued delusion that high taxes have not savaged the State's economy.  Each month's disappointment is written off as due to some one-time event.

Not One Penny More For America's Welfare State.  [Scroll down]  When Democrats do talk about taxes, they are often equally disingenuous.  In 2004, John Kerry ran for president promising to raise taxes on families with incomes above $200,000 per year and to cut taxes for the other 98% of the population.  Four years later, Barack Obama ran for president promising that the government could meet all its existing obligations and take on many new ones, while confining tax increases to individuals making more than $200,000 and families making more than $250,000.  Do these vows hold water?

ScoffCare.  Where there's a trillion dollars or more in new spending, there are going to be new taxes paid for by millions of middle-class Americans — even if the taxes are called something else.

Ruse Conference.  The president on Friday revealed the narrative for the Obama re-election campaign of 2012, and it shamelessly rewrites history.  The story goes like this:  Bush hurled the global economy on a path toward depression by cutting the taxes of millionaires.  Obama then came to the rescue with his policies — but the Republicans dug us into such a hole that it's taking even longer to dig out.  The trouble with this myth is that even Democrats running for re-election are shunning it.

More commentary about President Obama's news conference on September 10, 2010.

The President's Loophole Lie.  That jet-tax loophole derided by the president is one he himself proposed as part of the stimulus approved by a Democratic Congress.  Does the left teleprompter know what the right teleprompter is saying?

President Obama's war on facts.  President Obama's "corporate jet" line from his press conference Wednesday [6/29/2011] is crashing along with a host of other claims that fact-checkers dismissed in the hours after his speech.  Obama referred to private jets six times in his remarks, essentially describing the Republican position on how to decrease rampant deficits as being "willing to compromise their kids' safety so that some corporate jet owner continues to get a tax break."

One Obama Presser, 36 Obama Lies and Deceptions.  Obama held a press conference last Friday, July 15 which turned out to be a purely partisan effort to increase taxes and increase the American debt.  His speech and the answers he gave to cherry picked questions from the press was fundamentally dishonest:  in all I counted three dozen lies, deceptions and misleading statements.

Obama's Middle-Class Tax Cut Fabrication.  Since this is the first time we've heard about Obama's "biggest middle-class tax cut in history," which he supposedly signed nearly three years ago, [Glenn] Kessler decided to follow up with the White House.

How 'honest' is the Obama administration?  Obama frequently tells blatant falsehoods about important matters, and then in a Clintonian fashion explains how some interpretation of his words could be made to correspond to the truth.  [For example:]
  •   "We have excluded lobbyists from policymaking jobs."  He hasn't of course.  He's hired at least 50.  But the WH's explanation:  "we have turned away lobbyists for many, many positions."
  •   "I haven't raised taxes once."  But he had already slashed middle-class tax deductions for health-care, raised the tobacco tax, created a tanning tax, and done other tax hikes.

Obama: "Since I've Taken Office, I've Cut Your Taxes".  President Obama explains why he's "going to give" Congress "another chance" to pass measures in his jobs bill.  Obama also claims that he is the tax-cutter in the race.

The Editor says...
Any claim of reduced taxes across the board is dubious at best.  Regardless of that, if the president spends money like there's no tomorrow, that will inevitably result in future taxes, rampant inflation, or the collapse of the currency.  That appears to be Obama's plan.

Destroying Jobs in Order to Save Them.  President Barack Obama is very insistent on the need to "save American jobs." ... But instead of saving American jobs, Obama's new corporate tax is apt to worsen what is already the highest unemployment since 1983 and make America's companies even less competitive in the global marketplace.

Obama At the Plate.  It's been clear for some time that Barack Obama knows every technique in the debater's handbook, and he must have used most of them during the course of that first White House press conference:  There was the dubious revisionist history rolled out ever so casually, as if it were accepted fact (tax cuts don't work); the assumption that any fault lies not in us but elsewhere ... The man can say the most unbelievable things in the most matter-of-fact way, for example, his claim that there's "not a single pet project" in his stimulus bill.

Fiscal Stimulus Is a Ruse Absent Fed Pixie Dust.  It's a jobs-creation program.  No, it's investment in our future.  It's a tax-relief plan.  Wait, it provides assistance to consumers hardest hit by the economic recession.  It's legislation to jump-start the economy.  No, it's a recovery program.  It's a life raft for state and local governments.  It's a spending bill.  Which is it?  Fiscal stimulus is all things to all people.  In other words, it represents the triumph of faith over reason.

The Magic of Barack Obama.  [Scroll down]  Obama shamelessly says his trillion-dollar "stimulus" plan from which taxpayers will be enslaved for generations, will cut the taxes of the 95%.  "That's insane," you might exclaim.  Well, yes, if words retain their customary meaning.  When Obama said in 2004 that people don't want their tax money wasted, the meaning of the word "wasted" is the key to understanding The One.  Obama believes that "reinvesting" tax money into the welfare system is a responsible use of government-forced contributions from the "wealthy."  When Obama speaks of tax cuts, often he is actually speaking of redistributing tax money.  In Obama's world, government spending can actually mean cutting taxes.  Words take on new meaning when Obama the Great performs his magic.

It's Not the Economy, Stupid — It's Limbaugh.  As the tax-and-spend policies of the Obama administration extend and deepen the recession, the new administration's strategy to deal with the fallout becomes clearer and clearer.  Blame Rush Limbaugh.

The Obama Double Tax Whammy:  President Obama's proposal to provide only a 28 percent benefit for charitable contributions by top-bracket taxpayers is part of a double whammy, since he proposes at the same time to raise the top bracket from 35 to 39.6 percent.  The double-barreled increase/decrease reflects a two-part strategy that is much more than a simple tax increase.  Less civil society and more government power is the result.

Obama, Charity, and Fairness.  Leave it to Barack Obama to justify a tax proposal that would significantly reduce the amounts going to charity — on grounds the proposal is necessary for "fairness."

Will Obama Seize the Radio Stations Next?  Obama started his Administration repeating the mantra that he only cares about what works, not about ideology.  That was meant to draw attention away from the fact that Obama is all about extremist ideology, not pragmatism.  That is why he is so intent on sharply raising tax rates on savings and capital and top income earners.  Nothing practical about that in promoting the economy.  Just the opposite.  Obama's proposed severe global warming regulation serves extremist environmental ideology, not practical economics.  Misdirection rhetoric is another trick Obama learned from Saul Alinsky.

Obama's Tax Evasion.  [Scroll down]  In the liberal imagination, the money is the government's by default, and the president and Congress determine through the tax code how much to give back to the people.  Last week Obama told an audience in Virginia that an extension would be "giving them $100,000 for people making a million dollars or more."  But this is backwards.  Low taxes don't give away the government's money.  Low taxes allow individuals to keep the money they've earned through hard work, sound investment, and good fortune.

Getting Taxes All Wrong.  Speaking to potential donors in liberal, high-tech Mountain View, Calif., President Obama said that low taxes are a recipe for backwardness.  "Right now, we've got the lowest tax rates we've had since the 1950s," Obama told the well-heeled crowd.  "And some of the Republican proposals would take it back — as a percentage of GDP — back to where we were back in the 1920s.  You can't have a modern industrial economy like that."  These comments, while few in number, encapsulate so many fallacies about taxes and economic growth that it's hard to know where to begin.

Coddling Misinformation About Taxation.  Warren Buffett and President Obama claim that the rich do not pay enough taxes.  They both accuse the American tax code of being unfair and coddling the rich.  Both have been pushing the same class warfare narrative for years, using current U.S. capital gains and dividends taxation rates as evidence for their big-government progressive agenda.  Both are spreading misinformation about all the taxes corporations and individuals actually pay.

Media Myth Debunked:
Millionaires Don't Pay Less Tax as Percent of Income Than Lower Earners.  As President Obama trots out his new "Buffett Rule" to raise taxes on millionaires, the media are predictably assisting his efforts by spreading misinformation about the wealthy paying less taxes than lower wage earners as a percent of income.  2009 tax figures recently released by the Internal Revenue Service thoroughly refute this assertion.

Obama figures he can just lie.  A polite word for what President Obama is being with his claims about millionaires and taxes is "disingenuous."  A more straightforward term would be lying.  Neither the Associated Press nor the Wall Street Journal called him that yesterday, but both reported the facts that the President is grossly and willfully distorting.

'You lie!'  Yes, he does.  Last year, Obama pledged not to raise taxes of any kind on anyone earning less than $200,000 a year.  He also opposed mandating that everyone buy health insurance.  Wednesday night [9/9/2009], he demanded that mandate, which will effectively tax all who don't qualify for a subsidy.  Yes, President Obama lies.  But it's for a good cause, so it's OK, right?

Who taught you to lie, call people names, and accuse people of racism?  Obama said at a health care town hall in New Hampshire that he never claimed to be an advocate of single-payer health care.  In stark contrast, during the Presidential campaign Obama touted a single-payer health care system and in a speech to the SEIU in 2003 he supported single-payer health care.  Obama pledged during his campaign not to raise taxes on anyone earning less than $250,000 per year.  However, Obama signed into law the single largest federal excise tax increase on tobacco products.  The tax on a pack of cigarettes was raised from 39 cents a pack to 101 cents per pack, or a 159% increase.  Two simple examples of the blatant lie.

Obama Says Health Insurance Mandate Is Not A Tax Increase.  President Barack Obama says requiring people to get health insurance and fining them if they don't would not amount to a backhanded tax increase.

Death, Taxes and Two Trillion Lies.  President Obama promised not to raise taxes on people earning less than $200,000 per year and vowed not to increase the national debt "by one nickel."  He promised that his nearly-trillion-dollar stimulus plan would keep the unemployment rate below 8%.  (Last month, our unemployment rate was 9.8%, the highest it's been in 26 years.)  In January 2008, then-candidate Obama promised not to negotiate behind closed doors with health care lobbyists. ... After his election, President Obama said, "Transparency and the rule of law will be the touchstones of this presidency."

What Obama and the Media Aren't Telling You about Taxes.  Even if Barack Obama does adhere to his income tax plan, his promise that he won't raise taxes on the common man is still a lie.  A continual theme of the Barack Obama campaign has been his vow that no one making less than $250,000 a year would get a tax increase.  Now he has provided more details, pointing out that to qualify for a tax cut you must earn less than $200,000.  Then, on Tuesday, Joe Biden said during an interview that tax breaks should go to "people who make $150,000 a year."  My, my, when Obama said he was the candidate of change, he never mentioned that it applied to figures and campaign promises.

Like a Dime Store Cowboy.  [Scroll down]  The new federal tax of 62 cents per pack, to $1.01, is the largest jump since cigarette taxes were implemented in 1951.  For a couple smoking a pack a day each, that's a tax hike of $452.60 a year.  If they're overly anxious about their economic situation and puffing two packs a day each, that's $905.20 in additional taxes per year.

Obama's Biggest Lies.  President Obama loves to make up things that are patently untrue, like every economist agrees his $800 billion economic stimulus "has done its job," the economy "is moving in the right direction," and the Bush tax cuts caused the trillion dollar deficits.  The facts say otherwise, but he is never challenged by the news media for his repeatedly dishonest myth-making.  Here are some of his worst offenses.

The Lies And Distortions Just Keep Coming.  This most recent statement from the community organizer in the White House is just typical of the stream of lies and distortions that have been flowing from this Marxist president:  "What I've got is the Republicans holding middle-class tax relief hostage because they're insisting we've got to give tax relief to millionaires and billionaires..."  He also consistently refers to excessive government spending as "investments" and blames the $1.3 trillion Bush deficit — created by his own Democrat Congress — for his continued increasing debt and deficit.

Obama's Big Lie On Taxes.  A large and ongoing problem with our public discourse is the dishonesty and disinformation foisted on an unsuspecting public.  That's certainly the case when it comes to taxes.

The President's Low-Tax Lie.  In the left's endless attempt to push tax hikes on our beleaguered economy, it's now peddling the bogus claim that tax rates are the lowest they've been in 60 years.

Obama's Deficit Plan is All Tax Hikes, No Cuts.  Today [9/19/2011] President Obama's released a deficit-reduction proposal that was actually written down on paper, the first time he has done so since introducing his laughable 2012 budget back in February (the Senate voted it down 97 to 0).  The White House claims that the president's plan represents a "balanced approach" that, relative to its current policy baseline, will increase the federal deficit initially by $300 billion in fiscal year 2012 (to pay for his "jobs plan"), but will reduce deficits by $3.2 trillion over the next decade.  The claim is outrageously misleading.

Obama figures he can just lie.  A polite word for what President Obama is being with his claims about millionaires and taxes is "disingenuous."  A more straightforward term would be lying.  Neither the Associated Press nor the Wall Street Journal called him that yesterday, but both reported the facts that the President is grossly and willfully distorting.

Presidential prevarication.  Not that there was ever any doubt, but the Associated Press ran the numbers on President Obama's soak-the-rich tax scheme, and guess what?  The president's a fibber.  The news agency culled figures from a number of key authorities — like the IRS and the nonpartisan Tax Policy Center -- and demonstrated conclusively that top US earners pay far higher rates than other folks.  And foot a wildly outsized portion of the federal tax tab.

Math says Obama's speech was class warfare.  "Middle-class families shouldn't pay higher taxes than millionaires and billionaires.  That's pretty straightforward."  That's what President Obama said in his White House speech Monday on deficit reduction.  It was even more straightforward than he seemed to think.  Not only should middle-class families pay less than millionaires and billionaires, but in fact they already do pay less than millionaires and billionaires.  Much less.

Obama's Biggest Lies.  So if "the rich" are not paying their fair share, Mr. President, what would that fair share be?  Based on these official facts, for you to run around the country telling America that we could have jobs and balance the budget and solve the debt crisis you are creating if the rich would just pay their fair share of taxes only demonstrates that you are not qualified to be President.

Obama's 2% Illusion.  President Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it.  On Tuesday, he left the impression that we need merely end "tax breaks for the wealthiest 2% of Americans," and he promised that households earning less than $250,000 won't see their taxes increased by "one single dime."  This is going to be some trick.  Even the most basic inspection of the IRS income tax statistics shows that raising taxes on the salaries, dividends and capital gains of those making more than $250,000 can't possibly raise enough revenue to fund Mr. Obama's new spending ambitions.

How Democrats Make Millionaires.  Even in these hard economic times, Democrats across the nation are working on plans that will turn some of you into instant millionaires.  There's only one catch.  You're not actually going to be bringing in a million-dollar income.  ... To pay this ["millionaires'"] tax, you won't have to make anywhere near a million dollars.  If you make even $300,000 a year, the cash-strapped Empire State will consider you a millionaire.

"I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes...  you will not see any of your taxes increase one single dime."
Barack Obama,    
Dover, NH, September 12, 2008.    

The $3,700 Dime.  Candidate Obama repeatedly vowed that those earning under $250,000 "will not see any of your taxes increase one single dime."  Will he veto the $3,700 tax hike Congress is considering for 30 million Americans?

Not One Dime?  Candidate Barack Obama said that President Obama wouldn't raise taxes by a "single dime" on families earning less than $250,000 a year.  Unless he meant $250 a year, he was being less than candid.

12 Taxes in Health Care Law Violate Obama's Pledge.  As many as a dozen taxes in the new health care law violate President Barack Obama's campaign pledge not to raise taxes on families earning less than $250,000 and on individuals earning less than $200,000.  At least seven of these taxes directly affect health consumers regardless of income, such as the individual mandate to buy insurance, the employer mandate, the tanning tax, and limits and penalties on health savings accounts.

Crazy Times — Crazier Times to Follow.  Bill Clinton balanced his last budgets but raised taxes.  George Bush increased deficits but cut taxes.  But now taxes, spending, and deficits soar all at once.  We are lectured that prior reckless federal spending and borrowing got us into this mess — but now are told that even more federal spending and borrowing will get us out of it. ... In our Orwellian world, borrowing to spend what we don't have has been renamed "stimulus."  Those who pay no federal income taxes — almost half of Americans — can somehow be promised an income tax "cut."

Energy Bill, Energy Tax, or Government Hand-Out?.  The 648-page energy bill just penned by Democratic Reps. Henry Waxman and Edward Markey is ostensibly designed to reduce greenhouse gas emissions and save money.  But conservatives contend that the bill is nothing more than a tax, adding costs to energy producers and distributors for unproven methods of greenhouse gas emissions.  These costs would be passed on to consumers to the tune of $3,900 per year, per household.

The Stimulus Saved or Created 150,000 Jobs?  Where?  "We began by passing a Recovery Act that has already saved or created over 150,000 jobs and provided a tax cut to 95% of all working families," the president said Wednesday night [4/29/2009].  We wondered where the president got that from, given that the Bureau of Labor Statistics estimates that more than 1.3 million jobs were lost in February and March, with dismal April numbers to come.

The Tax Formerly Known as the Medicare Tax.  As we continue to find out what is contained in ObamaCare (now that it's been enacted), it is worth noting a last-minute change in nomenclature, made just before the House vote — a disingenuous revision that exemplifies the bill's legislative process.  The name of the new 3.8 percent "Medicare Tax" on investment income (imposed on people in the upper two tax brackets) was changed the day before the House vote.  Its official name in the law signed by President Obama last week is not the "Medicare Tax" (the name in the text released 72 hours before the vote) but rather the "Medicare Contribution."

When one man's 'loophole' is another man's stimulus.  President Obama says he wants to cut the corporate income tax rate while closing "loopholes."  But — as is often the case on taxes — it's best to heed what he does, not what he says.  Obama has supported — often stridently — most of the biggest "loopholes" in the current corporate income tax code.  Unless he is willing to end manufacturing tax breaks, low-income housing credits, and ethanol subsidies, his loophole-closing talk from the State of the Union and his speech to the Chamber of Commerce is just more Obama jabberwocky on taxes.

Obama's Foxy Evasions.  Bill O'Reilly's interview of President Obama on Fox News just prior to the Super Bowl confirmed that he remains a self-absorbed leftist.

The Editor says...
Yeah, and Obama's not that great, either.

Obama's Claim That He Did Not Raise Taxes Is Rejected As 'Blatantly False'.  President Obama's assertion on Sunday that he "didn't raise taxes once" is "blatantly false," a taxpayer watchdog group says.  Obama made the claim in his pre-Super Bowl interview with Fox News host Bill O'Reilly.

Obamacare Violates Obama's Pledge Not to Increase Taxes.  As many as a dozen taxes in the new health care law violate President Barack Obama's campaign pledge not to raise taxes on families earning less than $250,000 and on individuals earning less than $200,000.  At least seven of these taxes directly affect health consumers regardless of income, such as the individual mandate to buy insurance, the employer mandate, the tanning tax, and limits and penalties on health savings accounts.

Why Revenge Is Necessary:  Let us start with all the lies that Barack Obama told or the promises that he broke, each one of which will damage our way of life as the falsehood is made manifest in law.  This president, this sinister creature of Frank Marshall Davis and Saul Alinsky, of Indonesian sojourns and Columbia University radical salons, campaigned vociferously against Hillary Clinton's call for an individual mandate for health insurance.  Now the individual mandate is the centerpiece of Obamacare.  Obama promised that he would never, ever raise taxes on individuals making under $200,000 or couples under $250,000.  This legislation breaks that promise.

White House trying to scale back Obama's pledge on taxes.  During his election campaign, President Obama made a very clear and unambiguous promise:  If your family makes less than $250,000 per year, then none of your taxes will be increased — period.  But in order to gloss over the tax increases contained in Obamacare — on the sick, the uninsured, and durable medical equipment — President Obama is trying to alter that pledge in the middle of his term.

Obama bin lottery.  Obama's South Carolina victory speech was the economic equivalent of a carnival snake-oil pitch.  He promised to "stop giving tax breaks to rich companies and instead put the money in the pockets of struggling homeowners who can't pay their mortgages", and at the same time stop the export of American jobs overseas, while raising everyone's wages.  The crowd chanted, "Yes we can! Yes we can!"  Excuse me:  No, you can't.  You can't keep inefficient American factories open without massive tax breaks to corporations, in the form of tariffs or otherwise.

Obama's anti-loophole call gets clean-energy exception.  One week after he called on lawmakers to close tax-code loopholes that benefit specific industries, President Obama proposed one of his own — a tax break aimed at spurring the development of energy-efficient commercial buildings.  In doing so, Mr. Obama underscored the herculean challenge of simplifying the tax system in Washington, where loopholes are in the eye of the beholder.

The VAT's in the Fire.  When President Obama was a candidate, he pledged over and over to voters:  If you make less than $250,000 a year, your taxes will not go up.  Voters read his lips.  They hoped for change.  Yesterday [4/22/2010], the President said that the Value Added Tax is "on the table."  That means it will be the main course served up after the November [2010] elections.

Obama Breaks Tax Pledge, Signs SCHIP.  Barely two weeks after assuming the presidency, Barack Obama signed into law a bill expanding a health insurance subsidy and breaking one of the central promises of his candidacy.  Obama's February 4 signing of the State Children's Health Insurance Program (SCHIP) expansion bill more than doubled the federal cigarette tax, even though he had pledged he would not raise taxes on Americans earning less than $250,000 a year.  Taxes on various classes of cigars also increased.

Obama's First Tax Hike.  President Obama approved his first tax hike today [2/4/2009].  The bill he signed to expand the State Children's Health Insurance Program contains a provision to increase taxes on tobacco by a whopping 155 percent.  That means the federal taxes on cigarettes have gone up an additional 61 cents a pack.  This brings federal taxes on a pack of cigarettes to $1 per pack total.

Promises, Promises:  Obama tax pledge up in smoke.  One of President Barack Obama's campaign pledges on taxes went up in puffs of smoke Wednesday [4/1/2009].  The largest increase in tobacco taxes took effect despite Obama's promise not to raise taxes of any kind on families earning under $250,000 or individuals under $200,000.  This is one tax that disproportionately affects the poor, who are more likely to smoke than the rich.

Driving Taxes Upward:  During the presidential campaign, Barack Obama endeared himself to many voters with a promise that 95 percent of Americans would get a tax cut.  Those making under $250,000 "would not see a single dime of tax increase — not on anything."  Yet since Obama's victory, spending has skyrocketed.  It was only a matter of time before his pledge fell by the wayside.

Raising taxes by the mile.  During the 2008 presidential campaign, President Obama endeared himself to many voters with a promise that 95 percent of Americans would get a tax cut and those making under $250,000 "would not see a single dime of tax increase  — not on anything."  Since Obama won and he's already spent so much, it was only a matter of time before his pledge went by the wayside.

Smoke gets in your ice.  Many Americans find the debate in Washington over adopting a "cap-and-trade" program to reduce carbon dioxide a bit confusing.  That's understandable.  Put simply, it's a tax on energy consumption.  In fact, it would be a huge tax.  If enacted, cap-and-trade would be one of the government's largest revenue sources within the next decade.  It also would break one of President Obama's promises.  In his speech before Congress in February, he said, "If your family earns less than $250,000 a year, you will not see your taxes increased a single dime."  Unless you use energy, apparently.

Brace yourself for higher taxes.  President Obama had said in September, 2008:  "I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."  This pledge has already been broken, at least with respect to federal tobacco taxes.  But the White House has, until very recently, maintained the fiction that the promise is still in effect with respect to the taxes everyone pays.  Then, in a television appearance on Sunday [6/28/2009], White House advisor David Axelrod refused to re-commit to Obama's pledge.

Promises, Promises: Obama tax pledge unrealistic.  President Barack Obama promised to fix health care and trim the federal budget deficit, all without raising taxes on anyone but the wealthiest Americans.  It's a promise he's already broken and will likely have to break again.

Five Criticisms of George Bush That Could Be Better Applied to Barack Obama.  Barack Obama has already broken more campaign promises in less than six months than Bush did in two terms.  Obama promised no tax increases for people under $250,000 and he's working on multiple bills, including health care and cap and trade, that would raise taxes even on the poor.

Obama's Insidious War on the Middle Class:  Like a PacMan gobbling up everything in sight, going after folks making more than $250,000 a year is not enough to satisfy Obama's insatiable appetite for money and power.  He wants more.  Although it means breaking a campaign promise to only tax the "rich," Obama's mad rush for revenue to fund his social engineering has transformed his agenda into a war against the middle class.

Unread Lips.  Could Obama have been elected president without promising not to raise taxes on the middle class?

Soaking the middle class.  Having doubled the federal budget deficit in just six months in office, the Obama administration now says that the expanding deficit threatens the nation's fragile economic recovery and will require sacrifice to contain.  Sacrifice in the form of middle-class tax hikes, according to Treasury Secretary Timothy Geithner and Chief Economic Adviser Larry Summers.  Voters who swallowed candidate Barack Obama's oft-repeated pledge not to increase taxes on anyone making less than $250,000 a year may be surprised to hear this warning.  But they shouldn't be.

When the Chips Are Down, All Democrats Are Liberals.  [Scroll down]  Second, the Obama tax pledge — no tax hikes on families making less than $250,000 — has been eviscerated by the bill.  There are no less than seven categories of taxes on the supposedly non-rich and they are not insignificant.

Robbing Peter to pay Paul's health care.  Obamacare is a socialist law designed to take money from some Americans and use it to benefit others.  The health care bill signed into law by President Obama is full of hidden time bombs. ... This is yet another example of Mr. Obama breaking his promise not to raise taxes on those making less than $250,000 per year.

Obama:  Holding me to my promises is just an 'old Washington game'.  For those who thought they could take President Obama at his word on taxes, you might have made a mistake.  He does not seem too wedded to the idea of keeping campaign promises not to raise "any form of tax" for those making less than $250,000 a year.  When reporters ask him about the promise, he says they're just playing some "old Washington game."

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Updated October 9, 2021.

©2021 by Andrew K. Dart