Home » Archive

Articles tagged with: Tax

Featured, Headline, Local Media »

[22 Apr 2010 | 3 Comments | ]

My goodness, the Hike Up Your Taxes rally at Springfield Wednesday where thousands of recipients of state largesse are shouting “more!” has Rich Miller of Capitol Fax blog in ecstasy. He streamed all the news and ordered his “interns” to follow it closely.  Oh, the Humanity! Capitol Fax both the newsletter and blog is known as the unalloyed cheerleader for expanded state services. Faithful to every murmur of the Madigans…almost lip-synch with the Democratic establishment… the letter and blog are nevertheless a rich compendium of information.  Everywhere I used to go …

Featured, Headline »

[23 Mar 2010 | No Comment | ]

This morning, some dour faces around the office can be understood. NCAA basketball brackets and many people’s view of the US as a safe place for free markets and free people lay in tatters. NCAA March Madness brackets have been blown up and health care passed.

Cornell is the first Ivy League team to reach the Sweet 16 since 1979. Kansas, the number one seed in the tournament is out. And, lower-seeded teams won 16 games during the first two rounds (33%).
On the political front, despite an overwhelming …

Featured, Headline »

[15 Oct 2009 | No Comment | ]

With each passing month, partisan fighting in Washington gets harsher and harsher.  The hostility is in large part due to the debate on health care, which is an issue where the two parties and their supporters have very different visions for the country.
In this atmosphere, I would like to make a simple proposal – having nothing to do with health care – that could temporarily bring the parties together in a way that helps the American people without costing the taxpayer a dime.  The idea is to eliminate taxes on …

Featured, Headline »

[2 Oct 2009 | 2 Comments | ]

Mark Kirk’s Cap and Trade vote sang the whole opera for this Illinois voter.  I vote largely Democratic but draw the line at the ‘boiled beets Progressives’  the real ACLU/Planned Parenthood variety of doctrinaire goldfish – like Jan Schakowsky, Toni Preckwinkle and etc.  Likewise, I will not cast a cross-over vote for a bum steer like Mark Kirk – GOP Steer.
A Steer is a bos primogentitur that has been deprived of his gents, in order to make the bovine quadruped more moveable, docile and willing to follow the herd.  In …

Featured, Headline »

[11 Sep 2009 | One Comment | ]

In Chicago’s white bread Northwest Side and close-in suburbs, the specter of raising taxes is viewed as a cultural issue, not a fiscal issue.
Most area residents have an “us-versus-them” attitude — the “haves” against the “have-nots.” They believe that there is an inverse relationship between the payers and the payees, and that those who pay more in taxes get less in government services, while those who pay less in taxes get more in benefits. They are utterly devoid of liberal “guilt,” which is normally expiated by spending more on the …

Featured, Headline »

[7 Aug 2009 | 3 Comments | ]

The Republican congressman from the Chicago suburbs is running for the Illinois Senate seat formerly occupied by President Obama, but he is currently spending his days on the campaign trail attempting to placate a conservative base furious over his vote for the House climate bill.
The moderate Kirk has long been viewed as the GOP’s best hope of recapturing a Senate seat in the solidly blue state. But in the couple of weeks since announcing his Senate bid, Kirk has been repeatedly hit from the right over support for the climate …

Featured, Headline »

[6 Aug 2009 | No Comment | ]

One of the most disturbing issues of the 2008 campaign for many business publications was then Sen. Obama’s position on free trade issues. As a Senator, candidate Obama voted against Free Trade with Central America; worked to shelve a Free Trade Pact with Colombia (which only reduced tariffs in Colombia, the US had no tariff); worked to shelve a Free Trade Pact with S. Korea; campaigned against NAFTA and generally against any business where products were traded without tariff.
So it was downright bewildering when heretofore supporters of Free Trade …

Featured, Headline »

[4 Aug 2009 | No Comment | ]

Windfall: an unexpected, unearned, or sudden gain or advantage.
Every so often, when oil and gasoline prices spike higher, US oil companies make a boatload of money.  Given their size – in terms of both revenue and assets – and given the cost of exploration and the volatility of the commodity they work with, this ought to be no big deal.
But it always is. When oil companies make a lot of money, populist politicians get angry and often demand “windfall” profits tax on “Big Oil.”
I have never understood this because when …

Featured, Headline »

[22 May 2009 | No Comment | ]

Governor Quinn’s Taxpayer Action Board is scheduled to get together for an open meeting on Friday, May 22, to address if there are any remaining questions and to finalize the initial reports from each subcommittee. This is a long-awaited event.
Well, today is Wednesday, May 20, and we’re two days out from the open meeting. Amazingly, there are no details on the Taxpayer Action Board’s website about when and where this meeting is supposed to be held. It simply says “Open Meeting Notice (to be posted).”
How exactly are taxpayers supposed to …

Featured, Headline »

[18 Apr 2009 | 3 Comments | ]

The Bidens claimed $61,617 in itemized deductions, including $23,561 in state income and property taxes, $37,264 of mortgage interest paid, and $1,885 in charitable gifts, which included clothing donated to Goodwill Industries in March and May of last year they valued at $550 using thrift-store values.
Biden was the least wealthy senator, according to an analysis of financial disclosure reports by the Center for Responsive Politics, a Washington research group. Still, he was criticized during the campaign last year for giving an average of $369 a year to charity over the …