More About Tea Parties: Crashing The Tea Party
I’ve promised to share more commentary about today’s Tea Party. Here’s a link that a reader shared:
Crashing the Tea Party | BlogHer
(Hat Tip @kbladow on twitter)
I’ve promised to share more commentary about today’s Tea Party. Here’s a link that a reader shared:
Crashing the Tea Party | BlogHer
(Hat Tip @kbladow on twitter)
Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains taxes, IRS news, financial crime, scams, and the law in plain English.
The Senate failed to say no to $35 billion worth of tax breaks for the oil and gas industry on yesterday. I know, double negatives. But that’s the easiest way to describe it. You see, Senator Bernie Sanders (I-VT) introduced a provision that would have limited write offs for drilling expenses, eliminated a tax deduction…
In two weeks, the Internal Revenue Service will close its doors for the third time this summer. IRS employees will not report to work on July 5, 2013, as the result of furloughs allegedly due to budgetary woes. IRS employees, already operating under pay freezes – some for the last three years – will not…
Some members of Congress have proposed a “war tax” to fight the increasing costs of the wars in Iraq and Afghanistan. Opponents are crying “no more taxes” while others scramble to reconcile a budget spiraling out of control. So today’s question is: Should Congress impose a war surtax in order to pay for the war?…
And just like that, the Senate voted no on the controversial immigration bill. Even worse, there were signals that the bill would not be revived again until 2008 – not coincidentally after the next round of elections. This was a major blow to President Bush, who had made this a priority. In response, Bush said,…
The White House petition calling for the release of President Trump’s tax returns is still active, having garnered more than 750k signatures.
Are we really headed towards a government shutdown? As Congress and the White House grapple with the next steps, here’s what you need to know.
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Nice link. Some seriously foul mouth women who don’t understand that even though Obama’s cut income taxes for the “middle class,” that the day will come when all this spending will have to be paid for and if you do the math, it won’t just be the rich paying for it. There aren’t enough rich people. Even if we confiscated all the “rich” people’s money, it wouldn’t cover the spending.
We live in a country where nobody cares about anything unless it directly effects them right now. They could really give a damn about what they leave for our children and grandchildren. It is a good thing our grandparents didn’t think that way. Besides, people are nuts if they actually think that conservatives are only reacting to Obama’s spending. Conservatives have railed against Bush’s spending for years and Obama just takes Bush’s spending to the next level. America hasn’t had a true conservative president since Reagan. It is no coincidence that we had 25 years of prosperity that started during his tenure. It is also no coincidence that the last eight years of massive spending and easy money have led to our current situation.
What I do not understand about this situation-is do you expect the government to do nothing. Naturally no one wants to bail out GM, Chrslyer, AIG etc. however, is the solution to let them fail-creating more unemployment, deeping the recession, tighting business credit; what exactly are the alternatives? There seems to be an “I worked” and “you didn’t” mentality to this-tell that to the individuals who have lost their jobs etc. Again, what are the alternatives-yes borrowing is not good-but the economy needs to be “stimulated” now. Finally, what are the alternatives to jump start and fix the economy-not tax cuts, because if the economy doesn’t improve taxes will not be an issue, the government won’t be collecting any.