The President’s Council of Economic Advisors (CEA) recently released its seventh quarterly report regarding all of the wonderful achievements of the American Recovery and Reinvestment Act of 2009 (ARRA) – affectionately known as the “stimulus” legislation. Now first of all, when any bureaucrats release any report on the Friday before an elongated holiday weekend (as […]
Archive for the ‘Past Tax Legislation’ Category
That’s the warning emanating from a recent study of the Tax Foundation. Don’t get too greedy, boys – cut spending before hiking taxes – especially in economic times such as these. Noting that the late trends coming out of the legislature suggest higher taxes are the answer to legislators’ (mostly democrats’) prayers, the Foundation sounds […]
January 7, 2010 Well, now, this is a fine mess Congress has gotten us into. Recall that when Bush, Jr. was in office, all the way back in 2001, the estate taxation rules were changed by cutting the rates and gradually increasing the size of estates which would be clipped. That’s the easy part. The changes […]
And hopefully thereby “improving voluntary compliance.” Heard that one before? So here they came again, last week, with yet another grandiose plan full of platitudes and supposed accomplishments, and plans for the next round of spending your dough in an effort to collect even more of it.