Posts tagged as:

tax increase

Let’s Get Fiscal: Obama Proposes Budget

16 February 2011

The deficit rag, oh yes the deficit rag! Those budget gaps can be a 12-digit drag! I’m telling you, that’s the deficit, they really made a mess of it, that’s the deficit ra-a-ag!* When I was in the seventh grade, my algebra teacher, Col. Maus, told our class that it was impossible for a person [...]

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White House Backs Away from Tax Statements

8 April 2010

First it was Geithner. Now Volcker. Volcker, who falls under the “not a spring chicken” heading of politicos, is the current chair of the newly formed Economic Recovery Advisory Board. Before that, the was the Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan. So, the man has been witness to a [...]

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Geithner Back Tracks on Possible Tax Increase

15 September 2009

Remember last month when Secretary of the Treasury Timothy Geithner would not rule out a tax increase for the middle class to resolve our budget woes? Well, apparently he’s changed his mind. Speaking this week, Geithner was asked the same question. This time, his answer was: “I don’t think so, no.” So there you have [...]

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Fix the Tax Code Friday: Cuts Versus Tax Increases

17 July 2009

This week, both the feds and states have been struggling with the idea of balancing the budget by making cuts or increasing taxes. Today’s Fix the Tax Code Friday question is: If you had to choose, would you rather see tax increases or spending cuts? If “spending cuts” is your answer, are there any cuts [...]

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States Find It May Not (*gasp*) Be Necessary to Raise Taxes

17 July 2009

With budget deadlines looming, many states felt that there were no alternatives to balancing the budget other than raising taxes or adding new ones. More than half of all states were considering significant tax changes to fill gaping holes… What a difference a few weeks and some angry taxpayers make. New Jersey recently “found” more [...]

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