Archive for the ‘The Economy’ Category

Memo to Obama: Get Real Regarding Retirement Savings Policies!

Posted on October 28th, 2014 by by George Ashley

In recent months, there have been ruminations coming forth from various government pooh-bahs relative to the potential of trying to limit the amounts that may be contributed to/accumulated within IRAs and various forms of retirement savings vehicles which have been tax favored for lo these many years.  The government just needs the money, don’t ya’ […]

What Will They Tax Next?

Posted on May 12th, 2014 by by George Ashley

Probably whatever they darned well please! Check out the latest – Obama recently suggested states collect tolls on interstate highways to raise cash for payment of roadway repairs. According to The Washington Post, the proposal was contained in a $302 billion White House request for a transportation bill.  Interstate tolls have generally been prohibited for […]

Obama Promises Shriveling Like the Cheapest of Suits

Posted on April 29th, 2013 by by George Ashley

And this news presumably comes as no surprise to anybody with an ounce of intelligence. According to recent info released by the nonpartisan Tax Policy Center, the top 1 percent of U.S. taxpayers would pay 67 percent of the higher taxes called for in 2023 under Obama’s recent budget proposals.  Households making as little as […]

High Income Taxpayers Hammered From All Sides

Posted on April 4th, 2013 by by George Ashley

It’s bad enough that folks with the highest income pay most of the freight, but now comes word from IRS that they’ve increased their surveillance of these folks’ affairs. Last week, the Revenooers released their “2012 IRS Data Book,” in which IRS notes, “Overall, in FY 2012, individual income tax returns in higher AGI classes […]

Senator Coburn Highlights Government Waste

Posted on November 14th, 2012 by by George Ashley

Oklahoma Senator Tom Coburn recently published his annual litany of government wasteful spending:  “Wastebook 2012.”  Prefacing the laundry list of 2012 fiscal fiascoes, Coburn notes that Congress is on pace to make history for the least productive legislative year since 1947, with just 61 bills passed and made law in 2012 to date.  “Even taking […]

CBO: Time for Compromise?

Posted on November 12th, 2012 by by George Ashley

The Congressional Budget Office (CBO) recently weighed in regarding the apparent options for the politicians when it comes to this country’s impending woes.  Bottom line:  somebody better starting getting serious, and real soon. CBO says, based on the assumptions below, that the deficit will decline to about $641 billion in fiscal 2013 – some $500 […]

The States Need the Money!

Posted on November 10th, 2012 by by George Ashley

Is there no end to the quest by state and local government units to find yet more dough?  Yet more and different things to tax? Consider the recent news reported by USA Today regarding the notion that states just might start taxing folks based on the number of miles they drive (rather than how much […]

Senators Propose to Block the Exits

Posted on November 9th, 2012 by by George Ashley

It’s bad enough that the politicians can’t stop bleating about “taxing the rich” as a suggested means of greasing the economy in this country.  And now the latest suggestion is that the government economically imprison its very own citizens. According to at least a couple of Democrat senators that is:  Shumer (NY) and Casey (PA).  […]

Get Ready To Work Harder

Posted on May 10th, 2012 by by George Ashley

No sooner have all of us squeaked by yet another tax deadline that the specter of bad things to come has already arisen. The Tax Foundation‘s “tax freedom day” was a welcome occasion to all of us, last week, coming this year on April 17.  But as the Foundation recently noted, if Congress fails to […]

Obama Tax Proposals: A Cure for Insomniacs

Posted on May 10th, 2012 by by George Ashley

If you’re having trouble sleeping these days, consider grabbing a copy of “General Explanations of the Administration’s Fiscal Year 2013 Revenue Proposals,” recently published by the Treasury Department.  Also known as the “Green Book,” this annual document dovetails with the President’s budget – a “laugher” in and of itself, and was the subject of recent […]

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