Month: February 2011

Death and Taxes

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Benjamin Franklin once observed that “nothing is certain but death and taxes.” Who would have thought the two would become so closely intertwined? The federal death tax is 35 percent this year, and many states take another cut. Thanks to a recent twist in federal law rescinding a credit for state taxes and replacing it … Read more

Income Redistribution: Taxes at ’60 Year Low,’ AP Says

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Are your federal taxes too high? Well, stop whining, because, according to the Associated Press, taxes are at a 60-year low. Of course, the “60-year low” is true regarding only one particular statistic: Total federal tax dollars this year will be the lowest since 1950 when compared to the total size of the nation’s economy. … Read more

Democrats Turn Red in the South

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The South is increasingly becoming a solid GOP bastion, particularly since the 2010 elections. The trend is so pervasive that Democrats are defecting to the Republican Party in droves. Since the midterms 24 state senators and representatives in Texas, Louisiana, Mississippi, Alabama and Georgia have switched sides and joined the GOP. The region started trending … Read more

Hope ‘n’ Change: ObamaCare Will Cost How Many Jobs?

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Congressional Budget Office (CBO) Director Doug Elmendorf testified before Congress Thursday that ObamaCare will cost 800,000 jobs. During the hearing, Rep. Paul Ryan (R-WI) asked, “[I]t’s been argued … that the new health care law will create jobs and increase labor force participation. But if I recall from your analysis, it was quite the opposite. … Read more