Category Archives: Legislation

Taxes Are For Little People

Posted on August 27, 2009 by Russ

That’s the gist of the famous line uttered by Leona Helmsley. She ended up spending time at ClubFed. It appears that philosophy is shared by the Chairman of the House Ways and Means Committee, Charles Rangel (D-NY). Mr. Rangel amended … Continue reading →

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Getting a Bang for the Buck

Posted on August 17, 2009 by Russ

I’m not a fan of earmarks, but it’s how Washington works (unfortunately). Taxpayers for Common Sense and opensecrets.org have provided a list of earmarks out of this Congress. For those who lobby, some got lots for their bucks. The University … Continue reading →

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Federal Toilet Paper Tax?

Posted on July 21, 2009 by Russ

Via Watts Up With That comes news of Congressman Earl Blumenauer’s (D-OR) proposed Water Resources Protection Act. Buried in this legislation are four new taxes [link opens a Word document] – 3% excise tax on items disposed of in wastewater, … Continue reading →

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Cap and Tax

Posted on July 5, 2009 by Russ

Did you know that Congress is considering passing a tax increase? You hadn’t heard about that, right? Well, it’s not called a tax increase but it definitely is. This misguided legislation is called The American Clean Energy and Security Act … Continue reading →

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Lies, Deceits, and Nefarious Schemes

Posted on June 28, 2009 by Russ

When President Obama was elected, I noted that everyone should watch their wallets and that tax increases would be on the horizon. Sure, President Obama said that there would be no middle class tax increase. Unfortunately, it appears that every … Continue reading →

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Clunker Vouchers Likely Taxable in California

Posted on June 26, 2009 by Russ

President Obama signed the Clunker Voucher program into law. This program will give automobile dealerships that register for it the ability to give out $3500 or $4500 vouchers to individuals for use when they buy a new vehicle that has … Continue reading →

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Ballmer: Obama Plan Would Lead to Jobs Moving Overseas

Posted on June 4, 2009 by Russ

The Obama Administration has announced plans to increase taxes on American businesses with foreign operations. Generally, taxes would increase on these firms’ foreign profits. So assume you’re the CEO of such a firm. Well, if we move American employees overseas … Continue reading →

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Big Tax Increases Coming?

Posted on June 4, 2009 by Russ

The Obama Administration has set a record on spending. Somehow they have had the belief that they wouldn’t have to increase taxes to pay for the spending. All along I’ve said that’s nonsense. It appears that everyone except the current … Continue reading →

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Tea Party on Tax Day

Posted on April 15, 2009 by Russ

Today is Tax Day, so for the procrastinators out there it’s time to file your extension. For those of you who aren’t tax accountants, it’s time to let our politicians know whose money they spend. There will be a series … Continue reading →

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The Stop Tax Haven Abuse Act and Online Gambling

Posted on March 4, 2009 by Russ

Senator Carl Levin (D-MI) and others introduced the Stop Tax Haven Abuse Act on Monday. The Act targets financial transactions into (or out of) jurisdictions that are considered to be tax havens. Senator Levin has posted a summary of the … Continue reading →

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