SandBoxBlogs: The Foundry Scribe "Chart of the Week: The Tax Burden on American Households"

Alison Meyer:
"Americans who are scrambling to pay their taxes by Tuesday’s deadline are in store for more depressing news: The tax burden on American families has risen dramatically and will continue to climb into the future without action from Congress. This week’s chart outlines the growth of taxes over the past 45 years.

Large tax increases are just months away. Jan. 1, 2013, is already being dubbed Taxmaggedon. Seven existing tax policies will end and 18 new taxes from Obamacare will begin, leading to a $494 billion tax increase at the start of next year...."  (Read more? Click title)

"Unapologetically pursuing and tracking patterns within the news others make since 2010."

SandBoxBlogs: The Foundry "Obama’s Ten Worst Energy Policies"

Mike Brownfield and Nicolas Loris:
"In his time in office, President Obama has made some seriously bad proposals and decisions on energy policy, and Americans are paying the price, whether it’s in higher energy costs, wasted tax dollars, or in jobs that have been left on the table. For those who aren’t keeping track, we’ve compiled a list of the President’s ten worst energy policies..."  (Read more?  Click title)

"Unapologetically pursuing and tracking patterns within the news others make since 2010."

SandBoxBlogs: The Foundry "Morning Bell: Buffett Rule 101"

(See related story reminder off Hot Air Blog:  Buffet Rule aimed at only aprx 400 taxpayers)

Mike Brownfield:
"President Obama traveled to Florida yesterday to distract the nation from its real problems by laying out his case for the Buffett Rule, a plan to drastically raise taxes on successful Americans and small businesses. The core of his argument is that the rich aren’t paying their fair share. It makes for great populist rhetoric, especially when families are hurting and angry under today’s high unemployment, but the result is terrible policy. Worse, it’s a distraction from the big issues facing the nation, like the deficit, the economy, jobs, gas prices, health care, and on and on, none of which are addressed by the President’s proposals, and none of which he wants to talk about.

Will the President’s tax hike at least tackle the country’s fiscal problems? No, it won’t.

According to a recent analysis by the congressional Joint Committee on Taxation, the Buffett Rule would raise a mere $47 billion over ten years. Meanwhile, President Obama’s budget calls for adding $6.7 trillion to the national debt. That means that the Buffett Rule will only cover one half of one percent of the President’s new spending. Soaking the rich cannot get deficits down, only spending reductions can do that.

When it comes to the biggest problem America is facing — a weak economy and high unemployment — the Buffett Rule would weaken the economy and make matters worse. Heritage’s J.D. Foster and Curtis Dubay write that the tax would fall most heavily on job creators (who pay taxes at the individual rate) and confiscate their resources that would otherwise be used to start new businesses, grow existing businesses, and hire more workers. As a result, economic growth will slow down right along with job creation..."
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"Unapologetically pursuing and tracking patterns within the news others make since 2010."

SandBoxBlogs: The Foundry "Morning Bell: Hispanics and the 2012 Election"

Mike Brownfield:
"After last week’s Republican primary elections in Wisconsin, Maryland, and Washington, D.C., the 2012 presidential primary season is reaching an inflection point, and eyes are turning toward America’s final decision on Election Day in November. While pundits and pollsters speculate on the horse race and who will capture the hearts and minds of the American people, one segment of the electorate is garnering increased attention — Hispanic Americans.

It is, to be sure, a population that continues to grow in size, voice, and importance. In the 2008 election, Hispanics turned out in force — 9.7 million Hispanics voted, and those numbers are projected to grow to 11.8 million to 12.2 million in 2012, with particular importance in presidential battlegrounds such as Colorado and Nevada, according to a Wall Street Journal report.

Last May, President Barack Obama spoke to Hispanic voters in El Paso, Texas, and delivered a highly partisan speech on immigration reform where he chastised his political opponents and their views of border security. In July, the President reached out to the Hispanic community at a gathering organized by The National Council of La Raza, where he again attempted to use the issue of immigration as a wedge issue, casting conservatives as being anti-immigration for their opposition to illegal immigration...."
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"Unapologetically pursuing and tracking patterns within the news others make since 2010."