The headline of an Associated Press article this morning tells Americans everything they need to know about how President Obama and the Democrats who control Washington feel about taxes: “Democrats willing to risk tax hike for all.”   What does their recklessness mean for the American people?  According to the Joint Committee on Taxation, the willingness of Democrats to… Read more

The Supreme Court’s health care ruling leaves in place 21 tax increases enacted as part of that law.  A dozen of these, marked with an asterisk (*) below, target Americans earning less than $200,000 per year for singles and $250,000 per year for married couples.  This is a clear violation of the President’s pledge to avoid tax hikes on low- and middle-income taxpayers. … Read more

As described in Part I of this series, when the clock strikes midnight on December 31, 2012, the low-tax policies originally enacted in 2001 and 2003 – and extended, at Republicans’ urging, by a Democrat Congress and President Obama in 2010 – are again scheduled to expire.  If Congress does not prevent these massive, job-killing tax increases, it will affect every American who pays… Read more

It’s been called the “ticking tax bomb” and even “Taxmageddon” – and it’s a central issue that must be addressed in order to avoid the so-called “fiscal cliff” when the clock strikes midnight on December 31, 2012.  But by whatever name it’s known, one thing is clear: the looming, year-end expiration of the low-tax policies originally enacted in 2001 and 2003 – and extended, at… Read more

In the past two days, both former President Clinton and former Economic Advisor to President Obama, Larry Summers, argued against the President's push to raise taxes on American families, small businesses and investors. Today, another top Democrat, Senate Budget Committee Chairman Kent Conrad, joined in.  As reported in Politico, “Senate Budget Committee Chairman Kent Conrad… Read more

Yesterday, it was former President Bill Clinton... "However, Clinton did say that Congress would be best off agreeing, at least for the time being, to extend all the tax cuts that are set to expire at the end of the year, including the so-called Bush tax cuts named after Clinton's successor, George W. Bush." (Source: CNBC) Today, it is the President's former top economic adviser… Read more

This week, House Republicans released their budget resolution, which was approved by the Budget Committee yesterday.  The budget resolution includes a proposal to implement comprehensive tax reform that: Consolidates the current six individual income tax brackets into just two brackets of 10 and 25 percent; Repeals the Alternative Minimum Tax, which currently threatens 31… Read more

BOTTOM LINE – TAX HIKES DON’T ADD UP TO THE JOBS THE AMERICAN PEOPLE NEED  (Click above for more information)     ### Read more

Instead of focusing on tax reform that can create jobs, President Obama used this week’s State of the Union address to talk about how he intends to take more money away from employers, investors and savers in order to create new carve-outs for a few industries and projects favored by his administration.  Reforming our tax code to make it simpler, fairer and more conducive to job… Read more

Despite ongoing claims that high-income Americans pay taxes at a lower rate than middle- or low-income Americans, recent statements in the press and actual data from nonpartisan sources show that that is not the case: 51% Pay No Income Taxes: “In summary, for tax year 2009, approximately 22 percent of all tax units, including filers and non filers, will have zero income tax… Read more