Who is rich? After more than a year of arguing about the budget, the answer to that single question may be the answer to our economic woes. As talks continue, House Speaker John Boehner has signaled that he might be willing to compromise on raising tax rates but only for top wage earners. The problem…
So what do Vice President Joe Biden and I have in common? We both have a Costco card. It’s true. If you follow the blog (or me on @twitter), you know that I recently moved out of the city. And once here, I consulted my “What to do when you move into the suburbs” handbook…
In Lubbock County, Texas, there’s talk of a tax increase. The increase is to be 1.7 cents per $100 for the next fiscal year, boosting the rate to 34.6 cents from the current rate of 32.9458 cents. The increases have been touted for a number of reasons. This week, on Fox TV, Lubbock County Judge…
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…
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…
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…
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…
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…
