“If we don’t end up reforming our ways, federal taxes will have to double within the next 20 to 30 years, just to stop the bleeding.”
- David Walker, former Comptroller General of the United States, president of the Peterson Foundation
Entries Tagged 'Taxes' ↓
Federal Taxes Are Set To Double In 30 Years
February 2nd, 2010 — Taxes
Oregon Votes To Export Thousands Of High Paying Jobs
January 27th, 2010 — Taxes
Measure 66 And 67 Passed On January 26, 2010:
“Measures 66 and 67 should be labeled Oregon’s Assisted Suicide Law II. They will allow us to watch a state slowly killing itself. They are anti-business, anti-success, anti-inspirational, anti-humanitarian, and most ironically, in the long run, they will deprive the state of tax revenue, not increase it…Reputable economists forecast 66 and 67 will cost the state thousands — maybe tens of thousands — of jobs, and that thousands of our most successful residents will leave the state.”
- Phil Knight, co-founder and chairman of Nike Inc., a company with 5,000 Oregon employees
Barack Obama Welfare
October 29th, 2008 — Barack Obama, Taxes
“… even after accounting for the employees’ share of FICA taxes, 10 million additional filers would be paying zero federal taxes while receiving checks from the IRS. In Heritage’s latest report on Obama’s stealth welfare program, the think tank forecasts that for Obama’s 10 million new net recipients of federal dollars, the average handout will be more than $2,000 each year.”
Barack Obama Plans To Raise Taxes
October 26th, 2008 — Barack Obama, Taxes
“Mr. Obama is proposing to use the tax code to substantially redistribute income — raising tax rates on a minority of taxpayers to finance tax credits and direct income supplements to millions of others. How much revenue his higher rates would raise depends on how much less those high-earners would work, or how much they would change their practices to shelter their income from those higher rates.”
