Taxes Archives - Page 28 of 34

Pelosi: Dubious “Leftovers”

July 17, 2009

The Hill newspaper reported today that Speaker of the House Nancy Pelosi is already spending "leftover" money from a proposed new tax surcharge:

House Speaker Nancy Pelosi said Thursday that Democrats could use a proposed new tax on the wealthy to pay down the deficit, if there’s money left over after funding healthcare reform.
Pelosi (D-Calif.) said if more savings are found than the initial amount estimated to help offset the $1 trillion-plus healthcare plan, the tax revenues carved out to offset the bill’s cost could be funneled toward deficit reduction.

You Talking to Me?

July 15, 2009

In his remarks on health care legislation today, President Barack Obama didn’t hedge his bets on the subject of cost, stating expressly that a revamped health care system would lead to cheaper care for insured families. "But here’s what else reform will mean for you — and this is for people who have health insurance: You will save money," he said. He probably should have been a little more equivocal. The House plan released a day ago is partly funded by tax increases on the wealthiest,

Tax-and-Spend Twittering

July 15, 2009

On July 14, House Democrats released their health care bill and Republicans were quick to criticize it. Former House Speaker Newt Gingrich took to Twitter, typing out: “The liberal health bill introduced by pelosi is a disaster. $1.5 trillion in new spending. Tax increases on virtually everyone.”
Gingrich wasn’t the only one to say the bill would cost $1.5 trillion (over 10 years, that is), but the other person who said it remains anonymous. The nonpartisan Congressional Budget Office,

FactCheck.org Cited in Ad

July 13, 2009

From time to time, we find that our work is cited by politicians or political groups. Last week, the League of Conservation Voters ran an ad in Virginia referencing our articles on the cap-and-trade energy bill:

The LCV ad says that Republicans are attacking Democratic Rep. Tom Perriello of Virginia for "supporting a new clean energy jobs plan," but that we said the "Republican ad was wrong" and figures used by Republican Whip Eric Cantor were a "misrepresentation."

What’s in a Number?

July 2, 2009

The National Republican Congressional Committee has released a new ad attacking Democratic Rep. Tom Perriello of Virginia for voting with "(Barack) Obama and Nancy Pelosi" for the Waxman-Markey energy bill. It’s part of a broader effort to target several Democratic members.

The ad says the bill will result in lost jobs and cost "middle class families" $1,870 a year. That sounds pretty dire, until you consider that this week we posted an item about the Office of the Republican Whip Eric Cantor’s claim that the same bill would "impose a national energy tax of up to $3,100."

500 Percent Ammo Tax?

June 23, 2009

Q: Is Obama planning to increase the federal tax on gun ammunition by 500 percent?
A: No such proposal has been made by the Obama administration. And nobody in Congress has introduced any bill to increase the 11 percent federal excise tax on ammo.

Blame It on the Governor

June 18, 2009

Two new Republican ads targeting New Jersey Gov. Jon Corzine contain a few misleading claims. One ad suggests that Corzine is responsible for New Jersey’s business climate being “among the worst in the nation.” But the survey cited as the source of the claim shows that the perception of …

Half of the Wealthy Own Small Businesses?

March 6, 2009

President Obama’s proposed budget calls for rolling back President Bush’s tax cuts for couples earning more than $250,000 (and individuals earning more than $200k). The increase would take effect in 2011. And, not so surprisingly, it has some Republicans up in arms. One of their main beefs: The move would hurt small businesses.
On "FOX News Sunday" on March 1, Republican Rep. Paul Ryan of Wisconsin told host Chris Wallace that "more than half of the people who pay these higher taxes are the small businesses of America."

Sliming Pelosi

January 14, 2009

Pelosi has taken her place with Obama and Palin as a favorite target of false claims in chain e-mails, judging by the examples our readers send us. Here’s the truth about some of the bunk being thrown at her by anonymous Internet rumormongers. Her husband does not own a …