Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Wednesday, February 25, 2009

Jindal response to Obama speech prepares the ground for 2012 challenge


Governor Jindal's response to president Obama's speech has been criticized in some quarters as somewhat anodyne. Undoubtedly his delivery was largely monotone and somewhat devoid of passion. However on balance he is likely to benefit from this speech. He skilfully stitched his family background into the record. He stressed his humble origins. There is an uncanny resemblance between his upbringing and that of Barack Obama.

He stresses core Republican values such as lower personal and business taxation and less government. Here he is appealing to the GOP base. His speech is interspersed with a mix of criticism and praise for Barack Obama. Thus he comes across as fair minded and not meanspirited. Jindal is aiming to increase his profile among the electorate as he prepares to campaign for the GOP nomination for the 2012 presidential election. This speech should increase his recognition factor.
It is likely that Sarah Palin, Mitt Romney and Bobby Jindal will be front-runners in the race for the GOP nomination for 2012.

Louisiana Gov. Bobby Jindal gives the GOP response to President Obama's address Tuesday-Transcript

Tonight, we witnessed a great moment in the history of our Republic. In the very chamber where Congress once voted to abolish slavery, our first African-American president stepped forward to address the state of our union. With his speech tonight, the president completed a redemptive journey that took our nation from Independence Hall to Gettysburg to the lunch counter and now, finally, the Oval Office.

Regardless of party, all Americans are moved by the president's personal story -- the son of an American mother and a Kenyan father, who grew up to become leader of the free world.

Like the president's father, my own parents came to this country from a distant land. When they arrived in Baton Rouge, my mother was already 4-½-months pregnant. I was what folks in the insurance industry now call a "pre-existing condition." To find work, my dad picked up the yellow pages and started calling local businesses. Even after landing a job, he could still not afford to pay for my delivery, so he worked out an installment plan with the doctor. Fortunately for me, he never missed a payment.

As I grew up, my mom and dad taught me the values that attracted them to this country, and they instilled in me an immigrant's wonder at the greatness of America. As a child, I remember going to the grocery store with my dad. Growing up in India, he had seen extreme poverty. And as we walked through the aisles, looking at the endless variety on the shelves, he would tell me: "Bobby, Americans can do anything." I still believe that to this day: Americans can do anything. When we pull together, there is no challenge we can't overcome.
As the president made clear this evening, we are now in a time of challenge. Many of you listening tonight have lost jobs. Others have seen your college and retirement savings dwindle. Many of you are worried about losing your health care and your homes. And you are looking to your elected leaders in Washington for solutions.

Republicans are ready to work with the new president to provide those solutions. Here in my state of Louisiana we don't care what party you belong to, if you have good ideas to make life better for our people. We need more of that attitude from both Democrats and Republicans in our nation's capital. All of us want our economy to recover and our nation to prosper. So where we agree, Republicans must be the president's strongest partners. And where we disagree, Republicans have a responsibility to be candid and offer better ideas for a path forward.

Today in Washington, some are promising that government will rescue us from the economic storms raging all around us.
Those of us who lived through Hurricane Katrina -- we have our doubts.
Let me tell you a story.
During Katrina, I visited Sheriff Harry Lee, a Democrat and a good friend of mine. When I walked into his makeshift office, I'd never seen him so angry. He was yelling into the phone: "Well, I'm the Sheriff and if you don't like it you can come and arrest me!" I asked him: "Sheriff, what's got you so mad?" He told me that he had put out a call for volunteers to come with their boats to rescue people who were trapped on their rooftops by the floodwaters. The boats were all lined up ready to go, when some bureaucrat showed up and told them they couldn't go out on the water unless they had proof of insurance and registration. I told him, "Sheriff, that's ridiculous." And before I knew it, he was yelling into the phone: "Congressman Jindal is here, and he says you can come and arrest him too!" Harry just told the boaters to ignore the bureaucrats and go start rescuing people.

There is a lesson in this experience: The strength of America is not found in our government. It is found in the compassionate hearts and the enterprising spirit of our citizens. We are grateful for the support we have received from across the nation for the ongoing recovery efforts. This spirit got Louisiana through the hurricanes and this spirit will get our nation through the storms we face today.

To solve our current problems, Washington must lead. But the way to lead is not to raise taxes and not to just put more money and power in hands of Washington politicians. The way to lead is by empowering you, the American people. Because we believe that Americans can do anything.
That is why Republicans put forward plans to create jobs by lowering income tax rates for working families, cutting taxes for small businesses, strengthening incentives for businesses to invest in new equipment and hire new workers, and stabilizing home values by creating a new tax credit for home-buyers. These plans would cost less and create more jobs.
But Democratic leaders in Congress -- they rejected this approach. Instead of trusting us to make wise decisions with our own money, they passed the largest government spending bill in history, with a price tag of more than $1 trillion with interest. While some of the projects in the bill make sense, their legislation is larded with wasteful spending. It includes $300 million to buy new cars for the government, $8 billion for high-speed rail projects, such as a "magnetic levitation" line from Las Vegas to Disneyland, and $140 million for something called "volcano monitoring." Instead of monitoring volcanoes, what Congress should be monitoring is the eruption of spending in Washington, D.C.

Democratic leaders say their legislation will grow the economy. What it will do is grow the government, increase our taxes down the line, and saddle future generations with debt. Who among us would ask our children for a loan, so we could spend money we do not have, on things we do not need? That is precisely what the Democrats in Congress just did. It's irresponsible. And it's no way to strengthen our economy, create jobs, or build a prosperous future for our children.

In Louisiana, we took a different approach. Since I became governor, we cut more than 250 earmarks from our state budget. To create jobs for our citizens, we cut taxes six times -- including the largest income tax cut in the history of our state. We passed those tax cuts with bipartisan majorities. Republicans and Democrats put aside their differences -- we worked together to make sure our people could keep more of what they earn. If it can be done in Baton Rouge, surely it can be done in Washington, D.C.
To strengthen our economy, we need urgent action to keep energy prices down. All of us remember what it felt like to pay $4 at the pump and unless we act now, those prices will return.

To stop that from happening, we need to increase conservation, increase energy efficiency, increase the use of alternative and renewable fuels, increase our use of nuclear power, and increase drilling for oil and gas here at home. We believe that Americans can do anything and if we unleash the innovative spirit of our citizens, we can achieve energy independence.

To strengthen our economy, we also need to address the crisis in health care. Republicans believe in a simple principle: No American should have to worry about losing their health coverage -- period. We stand for universal access to affordable health care coverage. What we oppose is universal government-run health care. Health care decisions should be made by doctors and patients, not by government bureaucrats. We believe Americans can do anything, and if we put aside partisan politics and work together, we can make our system of private medicine affordable and accessible for every one of our citizens.

To strengthen our economy, we also need to make sure every child in America gets the best possible education. After Katrina, we reinvented the New Orleans school system, opening dozens of new charter schools, and creating a new scholarship program that is giving parents the chance to send their children to private or parochial schools of their choice. We believe that, with the proper education, the children of America can do anything. And it shouldn't take a devastating storm to bring this kind of innovation to education in our country.

To strengthen our economy, we must promote confidence in America by ensuring ours is the most ethical and transparent system in the world. In my home state, there used to be saying: At any given time, half of Louisiana was said to be half under water, and the other half is under indictment. No one says that anymore. Last year, we passed some of the strongest ethics laws in the nation and today, Louisiana has turned her back on the corruption of the past. We need to bring transparency to Washington, D.C., so we can rid our Capitol of corruption and ensure we never see the passage of another trillion dollar spending bill that Congress has not even read and the American people haven't even seen.

As we take these steps, we must remember for all our troubles at home, dangerous enemies still seek our destruction. Now is no time to dismantle the defenses that have protected this country for hundreds of years, or make deep cuts in funding for our troops. America's fighting men and women can do anything. If we give them the resources they need, they will stay on the offensive, defeat our enemies, and protect us from harm.

In all these areas, Republicans want to work with President Obama. We appreciate his message of hope, but sometimes it seems we look for hope in different places. Democratic leaders in Washington -- they place their hope in the federal government. We place our hope in you, the American people. In the end, it comes down to an honest and fundamental disagreement about the proper role of government. We oppose the National Democratic view that says the way to strengthen our country is to increase dependence on government. We believe the way to strengthen our country is to restrain spending in Washington, to empower individuals and small businesses to grow our economy and to create jobs.

In recent years, these distinctions in philosophy became less clear -- our party got away from its principles. You elected Republicans to champion limited government, fiscal discipline and personal responsibility. Instead, Republicans went along with earmarks and big government spending in Washington. Republicans lost your trust -- and rightly so.

Tonight, on behalf of our leaders in Congress and my fellow Republican governors, I say this: Our party is determined to regain your trust. We will do so by standing up for the principles that we share, the principles you elected us to fight for, the principles that built this into the greatest, most prosperous country on earth.
You know, a few weeks ago, the president warned that our nation is facing a crisis that he said "we may not be able to reverse." Our troubles are real, to be sure. But don't let anyone tell you that we cannot recover. Don't let anyone tell you that America's best days are behind her. This is the nation that cast off the scourge of slavery, overcame the Great Depression, prevailed in two World Wars, won the struggle for civil rights, defeated the Soviet menace, and responded with determined courage to the attacks of September 11, 2001. The American spirit has triumphed over almost every form of adversity known to man, and the American spirit will triumph again.

We can have confidence in our future, because, amid all of today's challenges, we also count many blessings: We have the most innovative citizens, the most abundant resources, the most resilient economy, the most powerful military, and the freest political system in the history of the world. My fellow citizens, never forget: We are Americans. And like my dad said years ago, Americans can do anything.
Thank you for listening. God bless you. God bless Louisiana. And God bless America.

Thursday, November 20, 2008

Saxby Chambliss is the better choice for Georgia (Record far superior to that of Jim Martin)


Saxby Chambliss has a strong track record as a Senator and deserves to win the run off. Now that Ted Stevens has lost his Alaskan Senate seat and Al Franken is within two hundred votes of overtaking Norm Coleman with the Minnesota recount yet to even begin, the Chambliss seat is all that stands between the Democrats and 60 votes in the Senate, which would foil Republican filibusters. These filibusters are essential to stymie Crackpot Economics espoused by the Democrats. Lets look at the policies espoused by Saxby Chambliss and Jim Martin. Saxby Chambliss is more in tune with mainstream America. Jim Martin is out of touch on the key issues.

Taxes:

Saxby Chambliss is for lower taxes and is the Senate sponsor of the Fair Tax.
Jim Martin voted for the largest tax increase in Georgia history - a vote that raised taxes by $687 million and raised the sales tax by 32 percent.

Abortion:

Saxby is pro-life. Jim Martin voted against banning partial birth abortion.

Healthcare:


Saxby Chambliss believes Georgians should choose their own doctors. Jim Martin supports national healthcare where the government chooses your doctor for you.

Judiciary:

Saxby Chambliss supports judges who strictly interpret the law. Jim Martin supports liberal, activist judges who legislate from the bench.

Energy:

Saxby Chambliss supports increasing America's energy independence by drilling offshore. Jim Martin does not support domestic drilling and will be an ally of Barack Obama to reinstate the ban on offshore drilling.

Legislative Priority:


Saxby Chambliss works for Georgia. Jim Martin works for Barack Obama and liberal Democrats.

Thursday, October 30, 2008

30 Oct 2008 (NECN: Cape Girardeau, MO) - Sarah Palin held a "Road To Victory" rally at the Show Me Center



30 Oct 2008 (NECN: Cape Girardeau, MO) - Sarah Palin held a "Road To Victory" rally at the Show Me Center in Cape Girardeau, Missouri this morning. Speaking to an overflow attendance she was hugely impressive. She spoke about the war in Iraq. She stated that a McCain/Palin administration would impose a spending freeze and make real cuts in taxation. She outlined plans for energy independence and pledged to work for special needs children. She said "every innocent life" counts. She said that Government should not take more. She stated that Obama has an ideological commitment to higher taxes and that he actually voted 94 times for higher taxes. She explained how Obama favoured bigger government , raising taxes and spreading the wealth-Socialism. She said that a McCain/Palin administration would clean up Wall Street..........

Monday, October 27, 2008

Video:WFTV's Barbara West belittled By Brash Biden


In this interview Joe Biden comes across as condescending and bad mannered. The interviewer Barbara West asked topical questions aimed at eliciting information. She questioned Joe Biden about Acorn attempts to register phoney voters. She also referred to Obama's links to Acorn.

The next question concerned redistribution of wealth. After all Obama declared to Joe the Plumber that this was part of his political philosophy and policy platform. Biden did not like the interviewers reference to Marxism: “From each according to his ability, to each according to his need (or needs)” Now Joe Biden cant have it both ways . In his acceptance speech he played the class warfare card. Obama's redistribution of wealth policy is grounded in Socialism/Marxism. Why not call it what it really is? Obama plans an explosion in expenditure devoted to Welfare. This is redistribution of wealth. Much of this money will come from higher taxes on the middle class and on businesses.

How is Obama going to finance tax cuts? His promises amount to 1,000 billion dollars. The bailout costs another 700 billion dollars. He is opposed to a public expenditure freeze. Obama and Biden must come clean on funding for tax cuts?

When asked about foreign policy he used the snide put down “I don’t know who is writing your questions for you.”
In the course of this campaign Obama and Biden have received very favourable treatment from most media organs. Now the Obama campaign is denying this station interviews because Joe Biden was asked substantive questions. This says it all.
Just imagine if Sarah Palin had addressed the interviewer in a similar manner to Joe Biden. There would be an outcry in the liberal media.

Tuesday, October 14, 2008

Irelands Harshest Budget in living memory-Taxpayer and Consumer blues.

This budget was set against the background of a horrific deterioration in the public finances caused by the bursting property bubble in Ireland and by international factors. In the two budgets prior to the 2007 general election the FF/PD government allowed public expenditure to grow by 25%. This growth in public expenditure was supported by huge tax inflows from the property sector. Now that these have largely dried up the Government was left high and dry. The Government is now heist on its own petard.
This was an accident waiting to happen. Taxes from the property market are notoriously unreliable.

This is the harshest budget in living memory. Even to outline some of the harsh measures sends a chill through the bones.
There are some minor beneficial changes in Social Welfare Payments and Tax Bands allied to provisions geared towards innovation and R and D. There are some aids for the property market. However this is a TAKE budget which will raise an extra €2 billion in taxes. Government Borrowing is forecast at 6.5% of GNP. This is much too high. The EU requirement is 3%. In essence the Government must borrow €13 billion.

Income tax has been increased. A levy of 1% has been placed on all income up to €100,000 and at 2% on earnings over €100,0000. This is an income tax rise by another name. The PRSI ceiling has been raised also. Mortgage relief for non-first time house buyers has been cut from 20% to 15%. A €200 tax has been introduced on all benefiting from employer provided car parking in urban areas. Motor Tax rises by 4%/5%. Those who own a second property face a new € 200 tax. DIRT ,Capital Gains Tax and VAT have been raised.

The government has cut back financial support to local authorities so a massive hike in commercial rates and water rates will filter through.

Automatic entitlement to a Medical Card for all over 70s has been withdrawn. There is to be a 20 % increase in private and semi-private bed charges in public hospitals and Accident and Emergency charges are to increase by 50% from €66 to €100 for non medical card holders who attend A&E departments without a letter from their GP. The Drug Payment Scheme (DPS) threshold is being increased from €90 to €100 per month which, the Government says, will lead to savings of €15 million in drug costs.

The Registration Charge for Universities has been raised from €900 to €1500. The pupil teacher ratio in schools has been increased.
Petrol will rise by 8 cent per litre.
The budget will cost middle-income families an average of €2,500 per annum. There will be a €10 airport charge for passengers.
There are also some social welfare cutbacks.
The hair-shirt is back in Irish politics with a vengeance. It is likely that consumer confidence has been severely dented. In addition it is probable that two more harsh budgets may be in the offing.


Friday, October 3, 2008

Obama Dupes The Middle Class On Income Tax Cuts (Effective Tax Rate under Obama would hit 60%)

Throughout this campaign Barack Obama and Joe Biden have continuously campaigned on the basis of providing a middle class tax cut. Unfortunately Obama has a strong record of voting to raise taxes. In fact Obama has voted 94 times to raise taxes. Obama has made promises totalling 1000 billion dollars. In addition the bailout of the banking system will conservatively cost another 700 billion dollars.

How will Obama fund the propose tax cuts and the huge expansion in socialised medicine? Quite simply the figures do not add up. Obama is not levelling with the electorate. He is a proponent of loony bin economics. Quite simply his promises will require a massive hike in taxes. He would double the capital gains tax to 28%. The net affect of this is that you will get far less when you sell your home or your 401K or your stock plan. He would double the dividends tax. That means that those who clip coupons from corporate stocks get less money.

He intends to increase the limit on Social Security taxes, which means that instead of paying 12 1/2 percent of the first $100,000, you pay it on everything that you're making.
The real tax rate is then 60 percent. See Dick Morris

In essence Obama's tax proposals are a massive con trick.

Thursday, June 26, 2008

John McCain Won't Raise Your Taxes-Obama will



The following are some of Obama's Taxing proposals :

  • He will create a 60 percent tax bracket for upper-income Americans and raise the top bracket to 40 percent. He will apply FICA taxes to all income, not just that under $100,000 as at present. ( 40 %+ FICA’s 12.5 % + Medicare’s 2 % + state and local taxes averaging, after deduction, at 5-6 %=60 %. (Source-Dick Morris )

  • He will double the capital gains tax. The likelihood of an Obama Presidency could trigger a Stock Market Crash as investors rush to sell shares to avoid the higher rates of capital gains tax.

  • He will double the dividend tax.


  • His opposition to nuclear power and extra oil drilling means that energy prices will remain high. America's over reliance on oil imports will continue.


Obama plans to raise spending by $800 billion over 4 years. The Tax Payer will fund the Socialist policies of a President Obama.


Wednesday, January 16, 2008

Huckabee beats Romney on taxes

Huckabee vs. Romney - Tax Burden as a Percentage of Income:

The charts at the Tax Foundation links below illustrate the comparison between Huckabee and Romney with respect to tax burden as a percentage of total income during their governorships of Arkansas and Massachusetts .

Arkansas Tax Burden as a Percentage of Income
The Tax Foundation
Taking 1996 and 2007 for Huckabee, the state+local tax burden for Arkansans went from 10.1% of income to 11.3% of income for an increase of 1.2% over 11 years (Mike Huckabee served as governor for 10 and a half of those), or an average of 0.11% per year.

Massachusetts' Tax Burden as a Percentage of Income
The Tax Foundation
Using 2002 and 2006 for Mitt Romney, it is clear that the state+local tax burden for Massachusettsians went from 9.8% to 10.5% over 4 years for an increase of 0.7% over 4 years, or an average increase of 0.175% per year.


Impartial observers can reach only one conclusion: Under Mike Huckabee there was an increase of 0.11% per year. Under Mitt Romney there was an increase of 0.175% per year.

Yet advertising by Romney and the Club for Growth – a body which has spent $750,000 against Governor Huckabee in Iowa, South Carolina and Michigan- misrepresents the FACTS. Huckabee beats Romney on TAXES. In addition Huckabee supports the Fair Tax. Romney does not.