Posts Tagged 'Taxes'



Rendell Still Refuses to Give up on Dream of Raising Taxes

By Caomhin

Hardcore liberal seeks to raise taxes, and again, it is met with anything but surprise.  I don’t know why Rendell has it out for the natural gas industry in particular, but he wants a tax on natural gas extraction like he wants a cheesesteak.  I’ve blogged on this issue at least a few times before, and that may be an understatement.

After bids for six tracts of state forest land came in over twice what the state had budgeted, Gov. Ed Rendell renewed calls for an extraction tax on the Marcellus Shale, a natural gas source deep under the Pennsylvania surface.

Think of the logic behind Rendell’s thinking here.  The state received bids that came in twice what they project, which is more revenue than they had planned on receiving, and he immediately calls for…a tax increase.  Let’s rephrase that, the Commonwealth received nearly twice the amount of money they were expecting from to a competitive bidding process and Rendell wants even more money.  Nothing will satisfy this buffoon short of signing yet another tax increase and I have no idea why he wants to raise costs on consumers (which is precisely what his idiotic tax idea will do) especially when the economy is hurting so badly, in part in the Commonwealth because of his ineptitude, and nationally because of Liberal policies that are choking out any potential growth.  I probably can’t properly put into words how badly I’m itching to vote for a new governor and to see this tool pack his bags and get the hell out of Harrisburg.

Advertisements

Shocka: Obama to Exempt Unions from Tax

By Caomhin

Obama, as we all know, is feeling the itch to raise taxes, much like every other liberal in this nation.  One of the taxes he is particularly found of is taxing high cost health care plans so that his dream of Socialized Medicine can come true.  It is important to note here that while he is seeking new tax revenues for this plan, he will also severely underfund this plan and plunge America into yet another entitlement program crisis years down the line, another modus operandi of liberals.

Consider the fact that Obama has wanted his tax on “Cadillac” health-care plans, ones that exceed an annual premium of $8,900 for individuals and $24,000 for families.  Here in America we believe that all people are created equally, unless of course you are a liberal, in which case you don’t believe that at all.  Case in point is the Unions opposition this plan, and apparently, all that money they paid the Obama campaign and other Democrats granted them protection from a tax that Obama thought was necessary for everyone who has these health care plans…except for Union Workers:

The sweetheart deal, hammered out behind closed doors, will save union employees at least $60 billion over the years involved, while others won’t be as lucky — they’ll have to cough up almost $90 billion.

The 40 percent excise tax on what have come to be called “Cadillac” health-care plans would exempt collective-bargaining contracts covering government employees and other union members until Jan. 1, 2018.

So it’s imperative to tax everyone who falls under his plan unless you gave money to his campaign and actively supported his campaign.  Everyday we see a little more hubris and hypocrisy from Obama.  He wants socialized health care, but he doesn’t want supporters of Democrats to pay for it.  Actually, as we have seen with Geithner and nearly all his appointees and nominees for posts, liberals simply cheat on their taxes anyway.  Besides, if Union members are treated as other Americans, have less disposable income, and get hosed by liberals, who will stuff money into liberal coffers and get dead people to the polls?

Rendell, Synonym for Tax and Spend

By Caomhin

Seriously, if there is anyone in Pennsylvania (besides Rendell’s cronies in Philadelphia) who isn’t counting down the days until Fast Eddy is out of office, I don’t know them.  Honestly, I don’t know a single person who can’t wait until he leaves Harrisburg.  Perhaps then he will have a reason to not fulfill the duties of governor and do some sports broadcasting.  Everything this guy touches turns into a disaster, it’s the opposite of the Midas touch.

So what’s Ed Rendell up to these days?  Well, you already know, but Rendell is still chasing his dream, one that will hurt Pennsylvanians even more as Governor Fail heads out of office.  That dream?  To raise taxes and the cost of living on every Pennsylvanian:

Pennsylvania Gov. Ed Rendell will press for another increase in public school funding and a tax on natural gas production when he presents his last state budget in February.

But the Democrat wouldn’t say today whether he will use his final year in office to try to head off a fiscal “tsunami” that he warns is headed toward Pennsylvania after his term ends.

True indeed, Rendell has seriously destroyed the Commonwealth’s balance sheet and he has single handedly caused many, many, of the issues facing our beloved Commonwealth today.  Yet, despite his warning that he has so seriously destroyed our state’s finances that he’s calling it a financial “tsunami”, he is looking to….raise taxes and increase spending.  It’s bad enough that our state sits on enough coal to be self sufficient in power generation that we aren’t allowed to touch, now this clown is trying to raise the cost of production (which we all know will be passed on to consumers) of natural gas, yet another energy source that we have in abundance, but damned if we can’t make our lives a little better without the government getting fat off our labor.  It’s a joke.  As far as school funding, our school performed at a higher rate before Captain Cheesesteak took the reigns of the office.

Say what you want about Tom Ridge, hell I’m a conservative and I’ve had some issues with him, but as a governor, he did great with our state.  We weren’t facing a financial calamity as we are now.  I think the unwritten rule of politics is that if a Liberal takes control of the Executive Branch, you are in for a world of hurt.  Try and prove me wrong on that.  California, Massachusetts, New Jersey (who thankfully elected Chris Christie to try and at least minimize the destruction of that state done by Jon Corzine), etc., all have imminent financial crises.  Don’t say Gov. Terminator either, he’s a liberal when it comes to financial matters.  Look our nation right now, Obama, king liberal, is in charge, and what has he done so far?  Spent nearly $2 Trillion in less than 1 year, is on the verge of socializing our health care, which will send that bill skyrocketing, and is slowly but surely turning the US dollar into monopoly money.

You want a functioning, financially health government?  You may or may not get it with a member of the GOP or the Libertarians (there are some great holder of public trust out there and believe me, I will be covering that in detail soon enough), but you sure as hell won’t get it with a liberal.  Keep that in mind next time you vote.  If you value things like getting medical treatment, heating your home, having a job, being able to keep enough of your paycheck to maybe buy a pizza once a week, then don’t vote for a liberal.  If it helps, just think of Ed Rendell or Obama reaching their grubby little hands into your pockets, opening your wallet, taking your cash, and saying, “it’s ok baby, it’s all Bush’s fault anyway,” and then lighting the cash on fire, because, really, it’s what they’re doing anyway.

Cap and Trade Lie Exposed

By Caomhin

Leftists were adamant that opponents to the Cap and Trade bill were lying, that cost would be minimal and that opponents of this legislation were stating a falsehood when we noted that this bill would lead to a large tax imposed on every American and have very negative effects on our economy.  Guess who was correct:

The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.

Obama officials released this study, not energy groups or opponents of the legislations but the SUPPORTERS of this legislation.  Obama’s own Administration (remember, the Treasury is led by tax cheat Tim Geithner) concluded this and concealed this information, all the while trying to maintain the lie that they won’t raise taxes on “95%” of Americans.  Of course we all knew he and his liberal allies were lying about this but we’re the ones who were catching flack for calling them out on it.  I’m not holding my breath for an apology either.  However, how dishonest can one be to conclude that the upper range for the tax burden on the average American family will be an extra $1,761, withhold that information and then dump the info after being sued under the Freedom of Information Act to release it?

Two other pieces to take away from the article, the first:

One odd point: The document written by Jaffee includes this line: “It will raise energy prices and impose annual costs on the order of XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX.” The Treasury Department redacted the rest of the sentence with a thick black line.

The Freedom of Information Act, of course, contains no this-might-embarrass-the-president exemption (nor, for that matter, should federal agencies be in the business of possibly suppressing dissenting climate change voices). You’d hope the presidential administration that boasts of being the “most open and transparent in history” would be more forthcoming than this.

Declan McCullagh has that right, though I’m a bit more cynical than that.  Obama has been on record even after this horrific bill passed the House maintaining that taxes on the middle and lower classes wouldn’t be raised by one cent, but he KNEW that was false per these documents.

The last point to take away is the hilarious update where the Environmental Defense Fund says that the Treasury Department is wrong about the cost of Cap and Trade on the average American family because the Treasury Department hasn’t factored in the “redistribution of revenue.”

Ed Rendell Only Wants Tax Hikes

By Caomhin

Even as some Republicans cave and agree to tax increases on businesses, cigarettes, and move toward the legalization of table games under the proposed “bipartisan” budget proposal, Ed Rendell is vowing to threatening to veto any bill that does not allow him to raise personal income taxes, and maybe even sales tax.  This guy is unreal.  He is by far the absolute worst governor in the history of Pennsylvania, he has undermined economic growth, already has imposed staggering tax increases on the citizens and businesses of Pennsylvania, and skirts his duties by providing color commentary on Eagles games on Comcast, a practice he has refused to end despite his lack of leadership on crafting a balanced budget that stays within the means of collected revenue.  He can not and will not accept anything that does not allow him to further harm Pennsylvanians.

Ed Spendell is the prototypical liberal.  The only thing this guy knows is tax and spend.  Well that and hooking up his buddies and his old cronies in Philly.  The only silver lining is that we get to choose his replacement next year.  I can’t wait until this trainwreck is out of office and we go about solving the problems that face Pennsylvanians.   In the GOP primary we will have two solid options, Jim Gerlach  and Tom Corbett.  As of now I’m leaning toward Tom Corbett as he has been an incredibly effective Attorney General who has vigorously prosecuted many corruption cases.  The countdown is on until Spendell is gone and we should, under no circumstances, allow his irresponsible policies to further sandbag the Commonwealth even after he leaves office.

A Letter to The Morning Call Regarding E-Cigarettes

By Caomhin

Recently I have begun using E-Cigarettes as a substitute for traditional cigarettes.  Ironic, then, that the week I start using the device, the FDA comes out guns blazing against them.  An article entitled, “e-Hazard to Your Health,” appeared in today’s Morning Call (Allentown, PA).  I decided to write the author a letter:

Dear Veronica,

After reading your article regarding E-Cigarettes in the Morning Call I decided to write to you to express my opinion on the matter.  I recently purchased an E-Cigarette (approximately one week ago) from another vendor.  I have read an article about the FDA’s concerns regarding the E-Cigarette and I would like to share with you some feedback from a user of this product.

I have noticed that as I have used the E-Cigarette more my consumption of traditional cigarettes has decreased by approximately 50%.  I notice that I take less drags from the E-Cigarette than I would from a normal cigarette when I experience a nicotine craving.  Physically, I have felt an improvement in my lung capacity and also have not felt as congested nor have I coughed in the morning as I have with traditional cigarettes.  I would consider this to be beneficial.

I am not qualified to make a scientific statement by any means, I can only relate how I physically feel.   I am quite aware that smoking any product is a risk to my health, but as a consumer free to choose and of my own free will, I have assumed this risk.  I am hoping that over time I will be able to fully switch over to the E-Cigarette, possibly as a means to quit (some manufacturers even offer no-nicotine cartridges which can then, I believe, be used cessation product if you choose to do so) but most definitely to reduce my consumption of cigarettes.

As I am sure you are aware, a cigarette addiction is difficult to deal with and indeed extremely hard to break.  The government has continually expressed sentiments that it would like to help people stop smoking, and I believe there are many who say that and truly wish to help.  However, as I’m sure you are aware there are a few developments that I wish you would have considered in your article, or that you may want to consider in a future article.

The first, is that in the legal case between Smoking Everywhere and the FDA, the lawsuit was filed back in April and key to the case being presented by Smoking Everywhere was the fact that the FDA had no authority to regulate tobacco.  That has subsequently changed as a result of legislation earlier this year.  Also included in that legislation was a massive tax increase on tobacco products in order to generate revenue for the Federal Government.  The use of E-Cigarettes, which are not subject to the federal taxes under the provisions of this law, results in a loss of revenue to the Government, which makes them biased in nature when deciding on this matter.  It is a fully informed consumer who should be allowed to make decisions and not be subject to decisions made by a party who stands to gain financially by impairing the competiveness of another entity.

I understand that cigarette smokers are not exactly sympathetic figures in our society.  Once again, however, I would like to remind people that nicotine is highly addictive.  I find it condescending then, that public figures express statements of sympathy to smokers, while raising the taxes on smokers, who  by the addictive nature of the products, are forced to pay these ever higher prices due to the nature of the addiction.  I am sure many are aware that these are also the tactics of narcotic drug dealers, who victimize those who have fallen victim to addiction.  I do not find honesty, then, in the statements of those who say they wish to help smokers quit using the products, knowing that the individuals are addicted to the products and will, of course, be forced into paying more and more money while at the same time providing no material services to helping people quit.  If this were the case, would it not make more sense that the most sizeable portion of the tobacco taxes go into services for smokers, to help them quit, to provide for their needs, rather than to be steered away from them?

I  would also like to make notice of highly disturbing article I had read in another Pennsylvania newspaper online.  I do not recall which newspaper this was, but it spoke of the budget crisis in Pennsylvania and with regard to those facing the impeding prospect of losing their unemployment benefits as the maximum time frame looms.  I can only imagine the hardships facing these families are facing, and I understand that in this economic environment this can happen to any of us.  I found it extremely disheartening and callous that a Pennsylvania official felt necessary to state that the Commonwealth will be hit hard if these people were to stop buying tobacco, alcohol, and lottery tickets resulting in an additional drop in revenue to the Treasury.

I would like to thank you for your work covering this story and presenting the opinions of both  sides in your discourse.  From a user of both the E-Cigarette and traditional cigarettes, I simply wanted to convey my thoughts on this matter.  I intend to keep using the E-Cigarette and to at some point use them as a complete substitute to traditional cigarettes while moving to ever lower doses of nicotine until I am not using nicotine at all.  It is not the manufacturer’s intention of these products for them to be used as a cessation device, however, I intend to try to use it as such.  Should I fail in stopping the use of nicotine all together, I believe this to be at least somewhat less dangerous than traditional cigarettes.  Should I succeed, then I will be extremely happy in having achieved this goal.  I will continue to strongly urge people who have not smoked to never do so, to remain tobacco free.  As for me, I am dedicated to trying to stop smoking altogether by using whatever means are available to me, an informed, educated consumer.

Extend the Bush Tax Cuts

By Caomhin

One thing that seems to be forgotten right now among the many, many, many, horrible bills that the Democrats are producing right now is the issue of President Bush’s tax cut’s expiring.  You’ve heard so often how the tax cuts are for the ‘wealthy’ and have no impact on people outside of the top tax brackets.  It’s complete bull and Democrats know it.  However, I have not seen a chart that fully illustrates what the tax cuts, set to expire in 2010 (i.e. our taxes are going up in 2010 absent their renewal) do for earners in every income bracket.  I’ve decided to make one and post it here:

Income Range Tax % with Cut Tax % without Cut Net % Increase
0-8025 10 15 33
8025-26250 15 15 0
26250-32550 15 28 87
32550-63550 25 28 12
63550-78850 25 31 24
78850-132600 28 31 10.7
132600-164550 28 36 28.6
164550-288350 33 36 9.1
288350-357700 33 39.6 20
35700+ 35 39.6 13.1

As you can see, everyone will face a tax increase in 2010 unless the tax cuts are expired save for the 8025-26250 tax bracket.  The income earners between 26250-32550 will face a gigantic increase in their taxes, far more significant than every other bracket which will be greatly impacted as well.  The Liberals, for some reason, have been effective in spreading the lie that the Bush tax cuts were only for the wealthy, whereas you can plainly see that the greatest beneficiaries of the tax cuts were people earning under 164500 per year.  Also keep in mind that the top tax bracket will actually jump to 44.6% of their total income on just the Federal Tax Level if the healthcare bill passes.  Imagine all that money leaving the private sector all at once at the tail end of a recession coupled with PorkFest 2009 running out.  What do you think will happen to the market?