Category Archives: Taxes

GOP Racing Toward Oblivion.

Posted on by

According to Fox News Channel and conservative hate radio, President Obama only won a second term because the majority of Americans wanted free stuff and they believe Democrats will give it to them.

(In other words, they’re assigning blame to the 47 percent as described by Mitt Romney.)

In a remarkable show of cluelessness, Teapublican pundits ignore the fact that their party did everything in its power to deny minorities the right to vote; that they want to deny millions access to healthcare; that they want to balance the budget on the backs of the poor and the middle class; that they want to eliminate safety nets such as Medicare and Social Security; that they want to eliminate taxes for the rich; that they want to impose their religious values on everyone; and that they want to deny civil rights to minorities, women, gays and lesbians.

It’s a surefire winning strategy…for Democrats.

Let’s hope Teapublicans continue to pursue this strategy. Wouldn’t it be great if all future political contests were between Democrats and the Green Party?

GOP Strategy: Lie, Cheat, Steal, Suppress And Spend.

Posted on by

Think I’m exaggerating?  Consider this:  For months, we’ve been bombarded with commercials from Republicans and their SuperPACS based on pants-on-fire lies, such as Romney’s latest gem that Chrysler is planning on moving the production of Jeeps to China.  Never mind that the Chrysler CEO immediately denounced the commercial as a blatant lie.  Mitt the Twit has continued to air it.

Mitt has also continued to air commercials stating that President Obama has cut $716 billion from Medicare (he hasn’t); that President Obama began his first term with an “apology tour” of the the Middle East (he didn’t); and that Mitt recommended the same steps to save the US auto industry as President Obama (he didn’t).

In the primaries, Mitt ran as a “severe conservative,” stating that he would sign a bill to end legal abortion; that he believed all abortions should be outlawed even if the pregnancies were the result of rape or incest; that he would dismantle the EPA and the Dept. of Education; that he would cut taxes for everyone, including the wealthy; and that he would spend billions on our military that the Pentagon hasn’t even requested.  Despite all of this, he claimed that he would somehow pay down the national debt.

But when it came to the first debate, he denied almost all of those statements.  He has now portrayed himself as a centrist.  As a result, we don’t know where he stands on any issue.  We don’t know his economic plan, assuming he actually has one.  What we do know is that he is a serial liar.  And despite his slogan “Believe in America,” we know that, instead of investing his millions in the US, Mitt has dodged taxes by stashing his money offshore in Switzerland, the Cayman Islands, Bermuda and Luxembourg.

As for Mitt’s party, we know that it has spent the past four years blocking virtually every bill and presidential nomination.  Republicans have used the filibuster hundreds of times – not just for big items, but for ordinary business, in hopes of making President Obama a one-term president.

Instead of trying to sell their plutocratic vision of America, Republicans and their billionaire supporters have spent billions attacking President Obama and other Democratic opponents.  They have also looked for new ways to suppress the vote of those who might disagree with them.  We’ve already seen the impact of their efforts in Ohio and Florida where early voting has been limited forcing people to stand in line for hours.  Of course, this has been especially true in counties with large minority populations.

Election day is almost certain to be worse.

Let’s hope that a majority of the electorate has recognized the Republican strategy and makes them pay.

Proof That Tax Breaks For The Rich Do Not Create Jobs.

Posted on by

For years, economists have scoffed at the notion that tax breaks for the wealthy benefit the rest of society.  The policy failed in the early 1900s when it was known as Horse and Sparrow economics.  And it failed in the 1980s when it was called Trickle Down economics. Indeed, even the architects of Reagan’s economic policy now admit the policy is a failure.

The notion was further debunked in the 1990s when President Clinton raised taxes on the wealthy resulting in millions of new jobs.

But evidence has never stopped Teapublicans from claiming that the only way to create jobs is to cut taxes for the wealthy and multi-national corporations.  They continue to claim that tax cuts are the only incentives for the so-called “job creators.”  Of course, this year’s crop of Teapublican candidates is pursuing the same policy.  They’re counting on voters who are frustrated by the slow recovery from the enormous economic crisis they created to buy into the same old malarkey again.

Teapublicans deny that they are responsible for the crisis and that their obstructionism is responsible for the slow recovery.  They say, “Trust us.  Tax cuts will work this time.” 

Unfortunately for Teapublicans, the non-partisan Congressional Research Service created a report that, once again, found that lower marginal tax rates for the wealthy have no effect on economic growth and job creation.   So what did the Teapublican leadership do with this information?  Did it sway their opinions?  Did they modify their policy?

Certainly not.

According to a story in The New York Times, Senate Teapublicans led by Mitch McConnell persuaded the Congressional Research Service to withdraw the report.  After all, they wouldn’t want the voting public to know the truth!

Romney Won The 2nd Debate After All.

Posted on by

While most polls and political pundits gave the advantage to the President in the second debate, Mitt Romney did win on two accounts: Disrespect and Lies.

Despite having agreed to a long list of rules for the Town Hall Debate, which included an agreement that neither candidate directly address the other or venture into the other’s space, Mitt Romney literally got in the face of the President.  He also directed a barrage of questions at the President rather than go through the moderator.  The effect was to seem unnecessarily confrontive and even disrespectful of the President.

Romney may not respect President Obama, but he should at least be respectful of the office. Moreover, Romney’s bossy attitude demonstrated that he lacks the temperment to negotiate with world leaders.

As for the ability to stretch the truth and tell lies to support his arguments, Romney was, once again, the overwhelming winner.

He was not only caught telling a lie about the President’s address on Benghazi.  He lied about the number of women who lost jobs in the past 4 years.  He misstated his opposition to the Lilly Ledbetter Act.  He didn’t tell the truth about his position on contraception.  He lied about his recommendation to let Detroit go bankrupt and, therefore, fail.  He lied about his tax proposals.  He was wrong about the increase in healthcare insurance over the past two years.  He lied about his proposal to limit Pell Grants.  And he lied about the President’s energy policies, including the delay of the XL Pipeline.

In other words, Romney demonstrated that he is not qualified to be Commander-in-Chief.  But he definitely demonstrated that he is qualified to be Liar-in-Chief.

For more Romney-Ryan lies, read The Teapublican Book of Lies available at Amazon.com and other on-line bookstores.

“Fraudulent,” “Fantasy,” “Con Game,” “Mathematically Impossible.”

Posted on by

These are the words used to describe the Romney-Ryan budget plan by economists, The Washington Post, the nonpartisan Tax Policy Center and Bloomberg News.

Mitt says his plan will cut taxes for all Americans, increase defense spending and still cut the deficit.  And, get this; he claims that his plan will be “revenue neutral.” He says that the costs will be offset by the elimination of tax deductions.  Yet he steadfastly refuses to provide details.  The only cuts he’s mentioned are funding for Public Broadcasting and Planned Parenthood.

In fact, after more than a year of campaigning for the office of President of the United States, Mitt has not provided any numbers for his plan…until tonight.

During the second debate with President Obama, Mitt announced the number five…in reference to his 5-point plan for the economy.  But don’t expect Mitt to provide any details for that plan, especially with regard to his budget figures.

He either can’t, or won’t.

Romney can’t explain his budget plan.  Liein’ Ryan can’t explain it.  And one of the campaign’s top surrogates can’t explain it.  When Sen. Marco Rubio was asked by Lawrence O’Donnell to name the tax deductions that would be eliminated, he admitted he couldn’t name a single one.

Instead of offering details about his plan, all Mitt says is “trust me.”  Now, tell me, Mitt, why would we do that?  You say one thing today. Then a day or two later, you say something else.  You’ve had at least four answers to every question.  Indeed, you’ve had more positions than the Kama Sutra.

When it comes to your economic plan, Mitt, I’ll trust the opinions of President Obama, President Clinton, most independent media, and non-partisan economists.

Time To Call The Churches’ Bluff.

Posted on by

Since the formation of the Moral Majority in the late seventies, many churches have immersed themselves in politics.  Pastors, particularly evangelical pastors, have implored their flocks to vote for Republicans despite Internal Revenue System rules which prohibit a non-profit 501c3 from engaging in politics at the risk of losing its tax-free status.

Yesterday, pastors across the nation challenged the IRS rules by telling their members how to vote based on the churches’ stances with regard to abortion, gay marriage and other so-called “values” issues.  In other words, they told their members to vote for Romney.

The churches even recorded their political messages with hopes that the IRS will attempt to change their tax status.  Apparently, they believe that any such attempt by the IRS will result in a backlash, unleashing them to take any political stance they want.

The churches consider it a First Amendment issue of free speech.  They assume the conservative Supreme Court will see it their way.  At the very least, they assume a Teapublican-controlled Congress will pass a constitutional amendment in their favor.

However, the issue is not about free speech.  It’s about taxes.

Certainly, pastors and churches have the right to make any political statements they want.  And the IRS has the power to determine their tax status. If pastors want to use their unique status as “spiritual” advisers to engage in partisan politics, they should be held to the same standards as any other Political Action Group.

The Etch-A-Sketch Debate.

Posted on by

We should have seen it coming.  For months, Mitt Romney ran further and further to the right.  Then during last night’s debate with President Obama, Romney did an about face.  Living up to the Etch-A-Sketch strategy that Mitt’s campaign manager promised following the Teapublican primaries, he abandoned most of the right wing rhetoric and ideas he promoted in the primaries and promised to be a moderate healer, instead.

Defying arithmetic, he promised to increase spending for the military, cut taxes for everybody, cut healthcare costs while repealing Obamacare, increase spending for education and student loans, increase spending for Medicare and Medicaid, maintain Social Security and create 12 million jobs.

Whew!

And, of course, while doing all that, he promises to cut the deficit and the national debt – all without revealing a single detail or plan other than to say he would cut funding for PBS and Big Bird.

Disregarding the fact that there is no possible way to pay for his promises, has he forgotten that he’s living in the 21st century?  We have an endless number of video recordings which show him saying that he will privatize Social Security, voucherize Medicare, slash Medicaid spending, eliminate the Department of Education, cut taxes for the wealthy, cut taxes for businesses, eliminate tax deductions for the middle class, cut Pell grants for students and turn back the clock on healthcare.

About the only thing consistent with his statements in previous speeches and debates was the promise to increase defense spending even more than the Department of Defense has asked for.

Of course, political pundits have already concluded that Romney won the first debate.  If so, it was only because President Obama couldn’t tell who he was debating.  It wasn’t Mitt.  It was some guy who looks like Mitt but who was espousing a completely different platform from the plutocrat who won the Teapublican nomination.  That Mitt was decidedly anti-middle class, anti-woman, anti-health reform, anti-green energy, anti-small business, anti-entitlement, anti-education, anti-government, anti-environment, and pro-war.

It’s not easy debating someone who’s willing to lie about absolutely anything and everything to get elected.

Obama’s America In 2016.

Posted on by

The shockumentary “2016” provides one man’s view of what America will be like in 2016 should President Obama be re-elected.  The future it portrays would be dim, indeed, IF this example of Teapublican propaganda were true.

But “2016” is based on a false premise…that President Obama is un-American.  That he’s a socialist out to destroy the very nation he has sworn to protect.

In truth, given his history of accomplishment against long odds, no one represents the American Dream better than Barack Obama.  And despite Teapublican rhetoric (and the film’s premise), Obama’s policies are decidedly not un-American.  In fact, the reverse is true.  It is the continuation of Teapublican policies that threatens to undermine our democracy.

For 40 years, the GOP (Guardians Of Privilege) have weighted tax cuts to aide the wealthy and large, multi-national corporations.  They have engaged in union-busting and cut funds for the poor.  They have used those in the military to pursue their goals of international domination and they’ve abandoned them as soon as they were injured or retired.  In order to win election, they have vilified teachers, firefighters, our postal service, government employees and immigrants.  In order to maximize the profits of multi-nationals, the GOP has proposed to eliminate the agencies responsible for clean air, clean water and product safety.  GOP policies have even rewarded those who ship jobs overseas and who take advantage of offshore tax havens.

President Obama threatens to change all that.  He dares to propose tax fairness, higher standards for fuel efficiency, sustainable forms of energy, investment in infrastructure, improved education and incentives to bring jobs home to the US.

So every time you see an ad for “2016,” imagine how much better off we’ll be with President Obama in the White House than with Mitt the Twit and his 47 percent-hating plutocrats.

Who’s Really Redistributing Wealth?

Posted on by

Following the “Mitt Happens” moment in which Romney was caught on video disparaging the 47 percent who pay no income taxes, Teapublicans have countered, claiming that President Obama and the Democrats are guilty of trying to “redistribute wealth.”

Apparently, they believe Social Security, Medicare, Medicaid, VA benefits, GI Bill benefits, Unemployment Insurance and Food Stamps are evidence of “class warfare.”

Fact is, redistribution of wealth has occured since the beginning of graduated federal income taxes in 1862.  The idea was to ask the wealthy to pay a larger percentage of their income in taxes than those who are less fortunate.  Our tax code embraced the idea until the election of Ronald Reagan.

Reagan’s flawed policy of “Trickle Down” economics greatly reduced tax rates for the rich while, at the same time, increasing taxes on the poor and the middle class.  Indeed, one of the largest tax increases in history was Reagan’s elimination of tax deductions for interest on loans: car loans, college loans, credit card loans, etc.  Now who do you think was harmed the most by that change?

Around the same time, Reagan eliminated the estate tax (aka the “death tax”) so the wealthy could pass their accumulated wealth to their children without penalty, and Teapublicans cut the capital gains tax rate paid on earnings from stocks and other investments.

More recently, the infamous Bush tax cuts were also weighted to benefit the wealthy.

But that’s only part of the redistribution of wealth upward.  During the past 40 years, multi-national corporations have been given a host of unfair competitive advantages over their smaller competitors.  Teapublican policies not only encouraged them to ship jobs overseas. They allowed multi-nationals to shelter income overseas in order to avoid paying taxes to the very government responsible for their success.

Meanwhile, small businesses and ordinary citizens have been asked to take up the slack.

The result of all this is the hollowing out of the middle class, the destruction of our domestic manufacturing base and the deterioration of our infrastructure.  It has led to higher unemployment, lower federal revenues, decaying cities, higher poverty and millions without access to basic healthcare.  Over the same time period, the wealthy have gotten even wealthier.

Class warfare, indeed!

It’s Not Just About The 47 Percenters.

Posted on by

The video of Mitt Romney’s speech to a Florida gathering of the wealthy shows his utter contempt for much of America.

Who are those he considers to be “freeloaders?”  They are not the “welfare queens” and lazy louts you might expect.  The 47 percent who have not paid federal income taxes in the past few years include the working poor, the elderly, veterans, military who are serving in a combat zone, even the wealthy who have enough tax write-offs to zero out their federal income taxes.

But Mitt didn’t limit his disparaging comments to the 47 percent.   He also went out of his way to insult Latinos and other minorities.  And he again inserted his highly polished loafers in his mouth with regard to foreign policy.

He said that Palestinians do not want peace, so as president, he would just kick the issue down the road.  After all, by Mitt’s standards, the Palestinians trapped in Israeli-controlled ghettos don’t earn enough money to be of consequence.

None of this should come as any surprise to those who have followed Romney’s career. 

As a vulture capitalist, he showed complete disdain for those who lost their jobs as the result of his hostile takeovers and business conquests.  His tax-evading investments in offshore accounts display a lack of patriotism for the country that allowed him to accumulate wealth.  And his trip to Europe during the Olympics showed his incompetence and lack of tact with regard to foreign policy, leading European media to label him “Mitt the Twit” and the “American Borat.”

So let’s review: Contempt for nearly half of our voters, dismantling American companies and shipping jobs overseas, legalized tax evasion, and arrogance in dealing with foreign leaders.

Exactly why should anyone other than the very wealthy vote for you, Mitt?