Mayor Shirley Franklin justified the fears of City Council members – and many taxpayers – this past Thursday when she laid out a budget proposal that calls for the sacking of 440 city employees; cuts in municipal services; increases in various fees and fines; and, the most dreaded element, a $40 million property-tax increase.Actually, Franklin didn't so much propose citywide layoffs as announce them, since by law the mayor's office can make near-unilateral decisions regarding staff reductions. By the time you read this, most of the pink slips likely will have been handed out.
“Nothing is easier, or more emotionally satisfying, than blaming high prices on those who charge them, rather than on those who cause them.”
-–Thomas Sowell
Pull up a chair, class is about to begin.
The subject: Failed Democrat Party Economic Theories 101
The instructor: Red Planet Cartoons
In “Rocket Scientists They’re Not“, RPC lets the facts speak for themselves.
The [...]
“Nothing is easier, or more emotionally satisfying, than blaming high prices on those who charge them, rather than on those who cause them.” -–Thomas SowellPull up a chair, class is about to begin.The subject: Failed Democrat Party Economic Theories 101The instructor: Red Planet CartoonsIn "Rocket Scientists They're Not", RPC lets the facts speak for themselves.The House approved $18 billion in new taxes on the largest oil companies Wednesday [Feb. 27] as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles.As detailed in last week's DBKP post, "Democrats Pass Largest Tax Hike in History", Democrats--and some Republicans--think you can tax a country into prosperity.Red Planet demonstrates the sheer asininity of this idea by providing plenty of in
Rep. Eric Cantor (R-VA) recently sent out an email which highlights one area where the difference between Republicans and Democrats still remains stark: raising taxes.
Congressman Cantor:
Before adjourning for recess, House Democrats passed the largest tax-hike in American history; a rate hike that will soak an average of $3,120 from every family. In an economy reeling [...]
Rep. Eric Cantor (R-VA) recently sent out an email which highlights one area where the difference between Republicans and Democrats still remains stark: raising taxes.Congressman Cantor:Before adjourning for recess, House Democrats passed the largest tax-hike in American history; a rate hike that will soak an average of $3,120 from every family. In an economy reeling from a slowing housing and job market, this is a burden that American families and small business owners simply cannot afford.Let's be clear – this Democrat tax hike raises the tax burden of every American, particularly the middle-class. Their budget, which they voted to pass this week, includes the following tax assumptions: * Raises the current "10 percent tax bracket" to 15 percent. This would increase the burden on al
Coming to a Gas Pump Near You?Rep. John Dingell (D-oofus) has proposed a 50-cent tax on every gallon of gasoline to try to slow down American's gas consumption.We don't know if a half-buck tax per gallon will cut back on American's gas consumption, but it will cut back on American's desire to vote Democrat come November.The Michigan congressman's proposal comes as a reminder that most Democrat--and some Republican--members of Congress never met a tax they didn't like.Some polls declare that a majority of Americans support policies that would reduce greenhouse gases--although with the record snow falls this past winter some Americans could've done with a few more greenhouse gases--when it comes to paying for those policies, there's a different story to be told.Dingells' tax proposal will ju
According to Senate Majority Leader Harry M. Reid, via the Washington Post, Congress will not be considering the tax hike on carried interest earned by private equity firms. In one meeting with industry representatives last month, Reid said the private-equity tax plan would not be considered in the Senate this year, according to a participant.
Reid's spokesman, Jim Manley, reflected that doubt
Senators Manuel “Mar” Roxas II and Panfilo “Ping” Lacson, both opposition lawmakers, separately objected to the move of the Bureau of Internal Revenue (BIR) to implement a 2,600 percent increase in taxes for operators of buses, jeepneys, and taxis which will take effect on August 18, to make up for the shortfall in tax collection.“It seems unfair to abruptly increase the minimum monthly and quarterly gross receipts tax for PUV operators when the transport sector is beset with its own set of problems,” Roxas said. He plans to write the DOF on Monday to formally request for a copy of the government’s fiscal plan to meet revenue targets despite collection shortfalls. He also pointed out that public hearings are necessary before imposing a tax increase and urge the government to carefully study the chain effect that such a tax increase may have not just on PUV owners and drivers but also on commuters.Lacson furthermore described the BIR’s plan as “shortsighted and uncons
America's smallest state is getting into the long line of states that are looking at increasing beer and other alcohol taxes as a way to boost revenue.The Rhode Island General Assembly is expected to consider a bill this session introduced by Rep. Edwin Pacheco that would add a penny to the cost of each 12 ounce brew sold in the state. The money from the tax increase would go to fund alcohol treatment and education programs. Rep. Pacheco says that long waiting lists at treatment facilities need to be reduced.Rhode Island estimates the tax increase will raise $2.3 million.
