Topic: Crazy Liberals
Liberal Quote of the Day
Posted on May. 10, 13 | 08:19 AM by Andrew Roth | Topic: Crazy Liberals
Congress is going to debate the new farm bill soon, and it's a whopper. The food stamp program, which is wholly unrelated to agriculture, takes up roughly 80% of the $1 trillion bill.
Unfortunately, there's bipartisan support for it. As one example, here's a recent quote from Republican Senator Thad Cochran:
Permalink: http://www.clubforgrowth.org/perm/?postID=16129
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Unfortunately, there's bipartisan support for it. As one example, here's a recent quote from Republican Senator Thad Cochran:
“[Food stamps] should continue to be included purely from a political perspective. It helps get the farm bill passed,” Cochran said.
Permalink: http://www.clubforgrowth.org/perm/?postID=16129
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ObamaCare Losing Support...from Democrats
Posted on Apr. 29, 13 | 11:14 AM by Andrew Roth | Topic: Crazy Liberals
From the New York Times:
Read the whole thing.
Permalink: http://www.clubforgrowth.org/perm/?postID=16126
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Democratic senators, at a caucus meeting with White House officials, expressed concerns on Thursday about how the Obama administration was carrying out the health care law they adopted three years ago.
Democrats in both houses of Congress said some members of their party were getting nervous that they could pay a political price if the rollout of the law was messy or if premiums went up significantly.
Read the whole thing.
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Confusing Question of the Day
Posted on Mar. 31, 13 | 08:10 PM by Andrew Roth | Topic: Crazy LiberalsWhite House Threatens Bob Woodward
Posted on Feb. 28, 13 | 07:22 AM by Andrew Roth | Topic: Crazy Liberals
From The Hill newspaper:
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Bob Woodward said Wednesday that a “very senior person” at the White House told the veteran journalist and author “you will regret” faulting the Obama administration for the present fight over sequestration.
Permalink: http://www.clubforgrowth.org/perm/?postID=16098
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Oops...Did She Really Say That?
Posted on Feb. 26, 13 | 09:02 AM by Andrew Roth | Topic: Crazy Liberals"If You've Got a Business - You Didn't Build That"
Posted on Jul. 17, 12 | 09:26 AM by Andrew Roth | Topic: Crazy LiberalsNY Times on the Minimum Wage: 1987 vs. 2012
Posted on Feb. 16, 12 | 11:01 AM by Andrew Roth | Topic: Crazy LiberalsAfter Three Years, Obama Promises Only One Term
Posted on Feb. 01, 12 | 09:02 AM by Andrew Roth | Topic: Crazy LiberalsBuffett's Faulty Logic
Posted on Jan. 27, 12 | 12:19 PM by Andrew Roth | Topic: Crazy Liberals
By now, everyone has heard Warren Buffett complain that he pays less than his secretary does in federal taxes, and therefore, the government should raise his taxes. But he fails to include the taxes that he pays as a shareholder of his company, Berkshire Hathaway. This blogger explains it quite nicely:
Hat tip: Greg Mankiw
Permalink: http://www.clubforgrowth.org/perm/?postID=15734
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Imagine that you are self-employed. Every year, you earn $100,000, pay 35% in taxes and have $65,000 left in your pocket. Now you form a corporation. $100,000 goes into the corporation. There is a corporate tax rate of 25%, so that leaves $75,000 which you pay to yourself as a dividend which are taxed at 15% which leaves you roughly $65,000. So sure, you could say that your tax rate was 15%, but that would be nonsensical. Nothing of significance has changed. What about if you get a partner and the corporation earns $200,000 paying $65,000 to each of you? Well, what changed? Nothing.
Hat tip: Greg Mankiw
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Cato Institute Fact-Checks Obama's State of the Union 2012
Posted on Jan. 25, 12 | 04:16 PM by Barney Keller | Topic: Crazy LiberalsA "Reasonable Profits Board"?
Posted on Jan. 20, 12 | 03:49 PM by Andrew Roth | Topic: Crazy Liberals
Check out this crazy idea:
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Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a "Reasonable Profits Board" to control gas profits.
The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.
The Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding "a reasonable profit." It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees from Congress.
Permalink: http://www.clubforgrowth.org/perm/?postID=15723
The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.
The Gas Price Spike Act, H.R. 3784, would apply a windfall tax on the sale of oil and gas that ranges from 50 percent to 100 percent on all surplus earnings exceeding "a reasonable profit." It would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms. Unlike other bills setting up advisory boards, the Reasonable Profits Board would not be made up of any nominees from Congress.
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