Thursday, January 22, 2015


Econ Comments & Analysis                                                                                            
Forbes | Don't Tax The Rich To Benefit The Middle Class, Help The Poor Instead
In his State of the Union Speech, President Obama called for tax increases on the rich in order to pass out goodies to the middle class. In particular, he wants to raise capital gains taxes on the rich and use the money to provide tax breaks to middle class families with two working parents, for those with child care expenses, and for those paying for college. Not only are his proposed freebies all bad ideas, he is spending the money on the wrong group.
Forbes | Obama's 529 College Savings Plan Tax Hike Is An Assault On The American Dream
It’s pretty clear that the Obama White House and their allies on The Left just don’t get it when it comes to their proposed tax hike on 529 college savings plans.
Forbes | The IRS Has Too Many Responsibilities
Last week, IRS Commissioner John Koskinen said at a news conference that the IRS may need to use furloughs in order to handle its budget issues. A well-functioning revenue service is necessary for an effective government, so it is worthwhile to consider the facts of the situation, and what they mean.
Daily Signal | How Obama’s New Tax Plan Discriminates Against Stay-at-Home Parents
President Obama’s new tax plan, which he discussed in part in the State of the Union, lays out new proposals that he claims would help low- and middle-income families. These included a new tax credit program for dual-earner families and an expansion of the Earned Income Tax Credit (EITC) program for single, childless adults. He also proposed a substantial increase to the child care tax credit.