Wyatt Emmerich is a publisher of a variety of small community newspapers in Mississippi. He exists and a recent column of his was in fact printed in a The Cleveland Current – a newspaper that he does not own. Having said all that, don’t have Emmerich do your taxes. Emmerich created the chart below to […]
UPDATE 3 Important, additional information has surfaced. Please read this follow-up post. I distinctly remember back in the mid-to-late 90s seeing an ad in The Daily World in Aberdeen, Wash. – the paper I worked for – advertising some sort of public assistance for the poor. Why did I remember this particular ad? Because I […]
President Obama announced earlier this evening that he’d come to a deal on extending much of the current tax structure for two years. The deal reportedly includes: The current tax rates for all income levels are extended for two years. The payroll tax is cut by 2 percent for 2011. Unemployment insurance benefits will continue […]
Forty-one of President Obama’s aides owe $831,000 in back taxes.
They expire next year. President Obama has previously said: “You don't raise taxes in a recession.” But he’s also said that tax policy is a tool to make things fair. So, he’s willing to buck “every economist” who says that raising taxes in an economy as fragile as ours is today a bad idea and […]
Having just mailed off my check for my federal income taxes, this quote of the day from the Economist doesn’t sit well with me. Politicians use the tax code to encourage things they like, such as driving hybrid cars, and to discourage things they don’t like, such as work.
I hate to say “I told you so…” No. That’s a lie. I love to say “I told you so.” President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit. Obama, in a Feb. 9 Oval Office […]
More than 7 years ago, in an overweening effort to bash President George W. Bush, New York Times columnist Paul Krugman revealed an insidious plan to “give many people a rude shock” when they did their taxes. Finally, there’s line 47. You haven’t heard about that, but you will. Here’s the story. The Bush administration […]
The question for you today is which one will win out in President Obama’s decision-making process. This morning on “This Week with former Clinton adviser and Democrat activist George Stephanopoulous” interviewed Treasury Secretary Timothy “I never realized the housing market had collapsed” Geithner who made a rather stunning “gaffe.” (Using the Michael Kinsley definition of […]
In an interview with Businessweek magazine, President Obama tells a whopper. A lot of business leaders consider you to be antibusiness. I was struck when I attended the Aspen Institute Ideas Festival. [Council of Economic Advisers member] Austan Goolsbee was speaking, and he hit a fairly hostile audience. These are wealthy, fairly progressive older people […]