Posts tagged as:

Obama

State of the Union (Psst: It Ain’t So Good)

28 January 2010

Last night, President Obama delivered the annual State of the Union address. As it expected, it largely focused on the economy – especially taxes and job creation. If you didn’t manage to stay up for the whole thing – or you’re a closet Phineas and Ferb fan and opted to watch Disney instead – follows [...]

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Is the White House Banking on a Financial Industry Tax?

12 January 2010

I can’t imagine that this looked all that good on paper… Apparently, in an effort to recover the TARP money from banks and other groups that the White House is anticipating won’t actually be paid back to taxpayers, they’re going to tax the banks, who will likely pass along the tax to taxpayers – to [...]

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Businesses Get Tax Break

9 November 2009

Don’t get too excited. It’s not a huge tax break – but it’s not a bad one either. A bill that was rushed through recently passed in Congress, known as The Worker, Homeownership and Business Assistance Act of 2009, will allow businesses to apply losses retroactively. The bill, which was tacked onto the homebuyer’s credit [...]

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Surprise! NJ Doesn’t Like High Taxes

4 November 2009

Despite three campaign appearances by President Obama, Governor John Corzine lost his gubernatorial seat in New Jersey to GOP challenger Chris Christie last night. Exit polls showed that the top two concerns for New Jersey voters were the economy and the state’s high property taxes. How high are those property taxes? For the year 2008, [...]

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Dear Nancy, Please Don’t Raise Taxes To Pay For Health Care…

8 October 2009

This week, 157 House Democrats (which for math junkies like me, who want to know the actual percentage of House Dems who signed, it’s 62%) signed a letter which put House Speaker Nancy Pelosi (D-CA) on notice that an excise tax on high-cost health care insurance plans is not acceptable. Those who signed the letter [...]

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Obama Says No To Middle Class Tax Increase

3 August 2009

It was just a matter of time before Obama made a statement rebutting the suggestion from Geithner that a tax increase on the middle class was imminent. Apparently, a matter of time means less than a day. Today, President Obama’s press secretary Robert Gibbs was quick to clarify that statements made over the weekend by [...]

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Congress Puts Brakes on Health Care Reform

23 July 2009

Despite President Obama’s plan to push through a massive health care reform bill before the August break, it will not happen. Sen. Harry Reid (D-NV) said about the bill, “I think that it’s better to have a product that is one that’s based on quality and thoughtfulness rather than trying to jam something through.” Sen. [...]

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Health Care Bill Update

16 July 2009

One version of the health care reform bill has passed in the Senate Health, Education, Labor and Pensions Committee with a vote of 13-10. And this one only costs $600 billion. Committee Chair Sen. Edward Kennedy (D-MA) wrote, about the bill: We have done the hard work that the American people sent us here to [...]

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The House Has a Plan to Pay for Health Care (Yes, There’s a Catch)

14 July 2009

House Democrats think they have a plan to pay for health care reform. And yes, it’s going to cost… somebody. The 1000+ page health care plan as proposed by President Obama comes with a hefty price tag. Congress has been charged with coming up with the funds for the plan. That isn’t proving to be [...]

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Obama Opposes Taxing Health Care Benefits

13 July 2009

Don’t call it the Obama health care tax. On Sunday, Health and Human Services Secretary Kathleen Sebelius clarified on CNN’s State of the Union that the proposal being considered in Congress to tax employer provided health care benefits was not endorsed by her boss. Obama had opposed such a tax during his candidacy; his opponent, [...]

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