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Can You Spell D-e-p-r-e-s-s-i-o-n?... Obama Promises to Raise Taxes On Businesses & Wealthy- Expand Government
Gateway Pundit —
It's no wonder Wall Street gave Obama a Big Fat "F" for his first month in office: The stock market is off nearly 10% from the day before the inauguration. And, here's the latest chilling news from the White House. Team "O" plans on raising taxes on already strapped American businesses and the "rich." And, he plans on expanding health care... during a recession. The Washington Post reported: President Obama is putting the ...
Obama Ready To Budget - Here Come the Tax Increases
FullosseousFlap's Dental Blog —
...
It was just a matter of time.
President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the ...
O-Tax Increase: That Didn't Take Long
Riehl World View —
... UPDATE: Remember - this is the guy who was talking deficits for years not long ago. My guess is he increases taxes but less than he is floating now, perhaps. That's what I meant about his playing with messaging. It's hard to know what the truth is and how ne is trying to shape the discussion before he officially anounces something. More from WaPo. ...
LIKE A VAMPIRE: OBAMA TO RAISE TAXES
THE ASTUTE BLOGGERS —
... TO FEED THE INSATIABLE APPETITE OF THE SOCIALISTIC STATE, SOCIALISTS SUCK THE LIFEBLOOD OF OUT THE ECONOMY. THEY'RE FREAKIN' VAMPIRES... PARASITES WHO KILL THE HOST. ...
Prescription for disaster: Obama promises tax hikes in the teeth of a recession
Doug Ross @ Journal —
The Washington Post reports that tax hikes are on the way . The hikes will directly impact the most productive members of economy -- the despicable "rich" -- by extracting funds from mostly small business owners. Those funds would otherwise go towards hiring, capital investment or R But perhaps government knows best. ...
Get It Right, WaPo
Daily Pundit —
Obama to Unveil an Ambitious Budget Plan
Republicans, who are already painting Obama as a profligate spender, are laying plans to attack him on taxes as well. Even some non-partisan observers question the wisdom of announcing a plan to raise taxes in the midst of a recession. But senior White House adviser David Axelrod said in an interview that the tax proposals reflect the ideas that won the election last fall.
The notion that Obama won the election of 2008 on his “ideas” (which were non-existent) is ludicrous. He won ...
"Paying doctors for results rather than procedures ..."
Wizbang —
Just exactly what on earth does that mean? From The Washington Post , whose article describes President Obama's new plan to lower our Federal budget deficit through tax increases and ( snort ) "spending cuts": Administration officials and outside experts say the most likely path to revamping the health system is to begin with Medicare, the federal program for retirees and people with disabilities, and Medicaid, which serves the poor. Together, the two programs cover about 100 million people at a cost of $561 billion in 2007. Making policy changes in those programs -- such as ...
Here Come the Tax Hikes (and the tea parties)
Wizbang —
Reminiscent of Bill Clinton who only weeks (or was it days?) into his first term told the public he had worked harder than he had ever worked in his life, but he was not going to be able to keep his promise of middle class tax cuts. Washington Post reports: President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said. In addition to tackling a ...
Obama’s Plan to Save the Economy: Raise Taxes
Patterico's Pontifications —
No, I’m not kidding:
President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.
I’m pretty sure raising taxes is generally accepted as a great way to jump-start an ailing economy.
Just ask our legislators here in California.
And I’m pleased to see ...
Optimism Runneth Over...
The Corner on National Review Online —
... ] From the Washington Post: President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said. ...
Obama to Announce Cap & Trade Policy This Week... Will Cost US 4 Million Jobs
Gateway Pundit —
Along with raising taxes on businesses, raising taxes on the "rich," and allowing the Bush tax cuts to expire... President Obama will also announce the implementation of an expensive cap and trade energy policy this week to battle pretend global warming. The plan could cost the US over a trillion dollars. The New York Times is just tickled pink to report this news today: Full details of Mr. Obama’s budget for the 2010 fiscal year will be ...
Sunday links from our blogroll
Maggie's Farm —
... Related: What Obama/Reid/Pelosi have planned for you next. This is overreaching, I think, but they are going to do it so fast that nobody can react. ...
Dems Complain Obama Budget Biased Against Poor
ScrappleFace —
... (2009-02-22) — In what’s shaping up as the first potential rift between Congressional Democrats and the Obama administration, some of the president’s most stalwart supporters have complained privately that his 2010 budget proposal is unfair to poor and middle-income citizens. ...
Obama’s Budget: Cutting the Deficit He Created
California Conservative —
... According to this Washington Post article, President Obama’s first budget will focus on reducing the deficit he helped create. Here’s what he said during his weekly radio address: ...
Obama Wants To Halve The Deficit In Four Years
Ace of Spades HQ —
Obama Wants To Halve The Deficit In Four Years I'm not sure if laughing or crying is more appropriate. President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said. In addition to tackling a deficit swollen by the $787 billion stimulus package and other efforts to ease the nation's economic crisis, the budget blueprint will press aggressively ...
President Obama to Unveil Job-Killing, Success-Punishing Budget
The Sundries Shack —
Having hit economic rock bottom, the Obama administration has broken out its shovels . President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said. So, in a time when we’re struggling to create jobs, the President is going to tax the life out of the very people who create jobs. Yeah, that’s a smart move. Just how many jobs do you think the ...
A Twisted Form of Fiscal Responsibility
PoliGazette —
... President Barack Obama adheres to a twisted form of fiscal responsibility: first he and the Democratically controlled Congress push through a $800 billion economic stimulus plan that does little to nothing to stimulate the economy, next he tells Americans he’ll have to raise taxes on businesses and ‘the rich’ in order to decrease the budget deficit. ...
WaPo
Sister Toldjah —
Obama’s “ambitious” first budget
Obama to Use Inheritance Tax to Pay Off Bush Deficit
ScrappleFace —
... (2009-02-24) — Just a day after President Barack Obama announced he would reduce the federal deficit by half, even while spending more than a trillion dollars on various bailout and stimulus plans, the White House revealed how the president’s plan would work. ...
The Sleight of Hand Man
The Glittering Eye —
Credit where credit is due. I think that President Obama’s move to put funding for the wars in Iraq and Afghanistan on-budget:
In addition to the substantive proposals, Obama’s team boasts of improving the budget process itself. For years, budget analysts complained that former president George W. Bush tried to make his deficits look smaller by excluding cost estimates for the war in Iraq and domestic disasters, minimizing the cost of payments to Medicare doctors and assuming that millions more families would pay the costly ...
Taxing Our Way to Prosperity?
Hit & Run —
... More here. Perhaps most Americans will come out very well in the sense that they will pay the same or less in direct taxes. After all, Obama's income tax increases supposedly only kick in on households making $250,000 or more a year. ...
