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Showing posts with label Tax Code. Show all posts
Showing posts with label Tax Code. Show all posts

Thursday, July 7, 2011

Ending Tax Break for Union Dues Could Save $25 Billion

By Kate Havard

While President Obama and other Democrats frequently talk about the need for "shared sacrifice" and a "balanced" approach to deficit reduction, their proposal to raise taxes $418 billion is a grab bag of liberal favorites: ending tax breaks for oil companies and corporate jet companies, as well as reducing deductions for couples earning more than $250,000 per year.

While ending the corporate jet tax break will save only $3 billion over the next 10 years, ending a tax break for one big Democratic constituency--unions--could save a lot more money over that same time.

A conservative estimate for union dues paid each year is $8 billion, according to the National Right to Work’s Stan Greer. If over ten years $80 billion in union dues were taxed, the federal government could generate roughly $25 billion in tax revenue.

If the president wants a truly balanced approach to ending tax breaks, why isn't he asking his union friends -- which spent over $400 million on his presidential race and Democratic campaigns in 2008 -- to pay their fair share?


Kate Havard, a student at St. John's College, is an intern at The Weekly Standard.
 

Wednesday, February 24, 2010

Terry Jeffrey: Obama Begins His Assault on Your Life Savings


The welfare state and your life savings are two cars heading down a one-lane road in opposite directions. One must yield, or there will be a crash.

Read the rest of this entry >>

Thursday, August 6, 2009

High taxes = New American 'Slave Master'


From OneNewsNow
By Pete Chagnon


A black radio talk-show host says high taxes are the new "slave masters" in America. Herman Cain is the CEO and president of the New Voice, Inc., and also a conservative talk-radio host. On Wednesday, Cain gave a rousing speech at the 31st Young America's Foundation Conservative Student Conference on the campus of George Washington University.

Amidst a standing ovation, Cain shouted from the podium that conservatives will not surrender. He went on to say that in this era of entitlement, Americans need to realize they were granted the right to pursue happiness -- but never guaranteed the right to happiness.

Herman Cain (New Voice, Inc.)"In the Declaration of Independence, you don't stop there -- keep reading! The next paragraph says: When any form of government becomes destructive of these ends, it is the right of the people to alter or abolish them," he noted. "So when you hear some of your friends asking, 'What can we do?' -- Tell them: keep reading!"

While he acknowledged he was not born into slavery, the conservative commentator shared that he does know something about it. "The tax code has become the present day slave master for all of us!" said Cain. "Abolish it!"

According to Cain, conservatives need to stop the liberal express that is currently destroying America.


Healthcare reform - 'Bailout' for Planned Parenthood

Tony Perkins, president of the Family Research Council, also spoke Wednesday to young conservatives attending the conference. He said it was time to have a frank conversation about the legacy of Ronald Reagan and the conservative movement -- a legacy that is being handed over to their generation.

"You know that you are heirs to a great tradition, a legacy," he pointed out. "And that tradition was captured in the run for office made by the most consequential president of the 20th century -- Ronald Reagan."

Perkins drew loud applause when he told the audience that Reagan believed the United States would never be a civil country as long as abortion is legal. Abortion seemed to be a hot topic yesterday, even during the question-and-answer time when a single mother told Perkins that she was tired of having her tax dollars pay for abortions.

Tony Perkins"I want my tax dollars to go to women who are doing what's morally right," said the woman. "I want to be able to set them up for success, not set them up for failure -- and I don't really feel like our country is helping us do that."

Perkins' reply: "I don't know that I could respond to that," he shared. "You stated it so succinctly -- and in fact, if you're concerned about that, you should be very concerned about this healthcare bill that's being pushed through Congress. I mean, this is a 'Planned Parenthood bailout bill.' They are going to receive millions of more tax dollars through this."

Another student stated that she was rethinking her choice to become a healthcare provider if the healthcare bill passes -- especially if nurses and doctors with ethics will be forced to perform procedures they do not agree with such as abortions.