An economist who advised Democrats on the $787 billion stimulus has increased his prediction of the odds of the economy entering a double-dip recession. Mark Zandi, the chief economist of Moody’s Analytics, pegged the chances of a second recession at one in three. Just a few weeks ago, he saw only a 20 percent chance of another economic slowdown. “I don’t think we’ll double-dip, but… Read more

Starting January 1, 2011, Washington Democrats will impose a $3.8 trillion tax hike on hard-working Americans.  This tax increase will affect every American who pays income taxes through higher tax rates on individuals, families, and small businesses.  As described below, Washington Democrats are targeting small businesses – the engines of job creation and economic growth – for much… Read more

Starting January 1, 2011, Washington Democrats will impose a $3.8 trillion tax hike on hard-working Americans, resulting in higher taxes for every American who pays income taxes, as well as on small businesses, the engines of job creation.  Unfortunately, Democrats have done nothing to disarm this ticking tax bomb, and even America’s senior citizens will be hit by this massive tax… Read more

This week, a wide array of economists joined Congressional Republicans in calling on Democrats to prevent their planned massive tax hike: Mark Zandi, Moody’s Economy.com Chief Economist, who is often called upon by Speaker Pelosi and House Democrats for economic guidance, advised that “I would not allow those tax increases to take hold on January 1st either.”    James… Read more

Washington Democrats will impose a $3.8 trillion tax hike on hard-working Americans (as described in Part I of this series) starting January 1, 2011. This will result in higher taxes for every American who pays income taxes, as well as on small businesses, the engines of job creation. Part II of this series provided some examples showing how much more in taxes typical taxpayers can expect… Read more

As described in Part I of this series, starting January 1, 2011, Washington Democrats will impose a $3.8 trillion tax hike on hard-working Americans.  This tax increase will affect every American who pays income taxes through higher tax rates on individuals, families, and small businesses.  Married couples and parents will be singled out for even higher taxes, and there will be… Read more

Get ready to pay higher taxes in 2011 thanks to Democrats in Washington.  Starting January 1, 2011 – less than six months from now – an unprecedented, $3.8 trillion tax increase is scheduled to kick in, affecting every American who pays income taxes.  This Democrat tax hike will force hard-working Americans to pay over $200 billion in higher taxes next year alone.  What are some of… Read more

Buried in the Democrats’ trillion dollar health care bill is another small business nightmare. Through an expanded tax filing requirement, Democrats slapped 40 million businesses, charities and other entities with burdensome new paperwork and increased compliance costs. The new rule, set to take effect in 2012, will require small businesses to file a 1099 tax form for every business to… Read more

This Sunday, on NBC’s Meet the Press, White House Press Secretary Robert Gibbs said that, "The President is not going to, at a time of economic crisis, raise taxes on the middle class... For middle class Americans, who have borne the brunt of this economic calamity, we're certainly not going to raise taxes on them." Too late. Since January of 2009, President Obama and Congressional… Read more

  NOTE: The deficit numbers cited above are from the Congressional Budget Office estimates of March, May and June versions of the extenders bill. ### Read more