-- Adam Smith, 1776
Showing posts with label revenue. Show all posts
Showing posts with label revenue. Show all posts
Monday, September 26, 2011
Quote Of The Day 2
Sept 26th, 2011
"The subject of every State ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the State."
-- Adam Smith, 1776
-- Adam Smith, 1776
Tuesday, August 23, 2011
Republican Mythology, cont...
Aug 23rd, 2011
That line about us having cripplingly high taxes compared to other countries? Yeah, it's still not true.
That line about us having cripplingly high taxes compared to other countries? Yeah, it's still not true.
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Saturday, August 13, 2011
The Continuing Decline... GOP Debate Edition
Aug 13th, 2011
More than few readers have asked me why, after live-blogging the GOP debate, I haven't done any substantial follow up? Well, frankly, I don't really know where the hell to begin.
I guess I will start here: The candidates revealed, unanimously, that they would all oppose a tax increase that was matched by cuts at a one to ten ratio. Seriously.
Kevin D. Williamson puts it better than I over at that bastion of leftist lunacy, The National Review:
"Every candidate said he would oppose a cuts-taxes plan that contained a 10:1 ratio of cuts to taxes. Chalk one up to the crazies. If Congress wanted to get rid of tax exemptions and exclusions amounting to $100 billion in new taxes in exchange for $1 trillion in tax cuts, and Republicans turned the deal down, I would personally drive down to Washington and pelt them with rotten vegetables, and possibly with rocks. $100 billion in new taxes plus $1 trillion in cuts balances the budget in 2012."
Yup. The candidates all exposed these facts:
1. They are all certifiably insane.
2. Not one of them owns a calculator.
3. Every one of them (even Paul and Huntsaman) is more afraid of tryin' to explain that fancy-book-learnin' math to their "base" than they would be to publicly accept a deal Ronald Reagan would have had to pinch himself over to ensure he was not dreaming.
It happened. Here's proof:
More than few readers have asked me why, after live-blogging the GOP debate, I haven't done any substantial follow up? Well, frankly, I don't really know where the hell to begin.
I guess I will start here: The candidates revealed, unanimously, that they would all oppose a tax increase that was matched by cuts at a one to ten ratio. Seriously.
Kevin D. Williamson puts it better than I over at that bastion of leftist lunacy, The National Review:
"Every candidate said he would oppose a cuts-taxes plan that contained a 10:1 ratio of cuts to taxes. Chalk one up to the crazies. If Congress wanted to get rid of tax exemptions and exclusions amounting to $100 billion in new taxes in exchange for $1 trillion in tax cuts, and Republicans turned the deal down, I would personally drive down to Washington and pelt them with rotten vegetables, and possibly with rocks. $100 billion in new taxes plus $1 trillion in cuts balances the budget in 2012."
Yup. The candidates all exposed these facts:
1. They are all certifiably insane.
2. Not one of them owns a calculator.
3. Every one of them (even Paul and Huntsaman) is more afraid of tryin' to explain that fancy-book-learnin' math to their "base" than they would be to publicly accept a deal Ronald Reagan would have had to pinch himself over to ensure he was not dreaming.
It happened. Here's proof:
Tuesday, August 2, 2011
Ezra Klein On Future Revenues
August 2nd, 2011
Ezra notes that there are still many options available to raise revenue... and that Speaker Boehner still doesn't seem to understand how government works:
"When Speaker John Boehner was trying to reassure his members that the debt deal wouldn’t lead to tax hikes, he fell back on an unexpectedly technical — and incorrect — argument. The deal, he said, “requires baseline to be current law, effectively making it impossible for Joint Committee to increase taxes.” That’s not just wrong. It’s wrong in a way that gets at a fundamental fact about the relationship between Boehner and the two groups who judge his work:
his members, and the Congressional Budget Office."
Ezra notes that there are still many options available to raise revenue... and that Speaker Boehner still doesn't seem to understand how government works:
his members, and the Congressional Budget Office."
Monday, August 1, 2011
Quote Of The Day
August 1st, 2011
"I like to pay taxes. With them, I buy civilization."
-- Oliver Wendell Holmes
-- Oliver Wendell Holmes
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