Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Income Tax

Chuck Schumer Seeks “Common Ground” With Trump

This article appeared online at TheNewAmerican.com on Monday, November 21, 2016:  

Senator Charles Schumer

Senator Charles Schumer

During a press interview at his office on Friday, New York Democratic Senator Charles Schumer said that he had spoken two or three times with President-elect Donald Trump: “He’s called. He’s friendly. The word is that he thinks he can work with me, but we’ll see. The jury’s [still] out.”

Schumer, just reelected for his fourth term as senator, will become the Senate minority leader in the 115th Congress as Harry Reid, the present Senate minority leader, is retiring. The Wall Street Journal characterized the interview as an effort by Schumer to seek “common ground” with Trump. Other members of the press weren’t so charitable.

Schumer was feisty,

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Is Donald Trump “The Godfather”?

This article was published by  The McAlvany Intelligence Advisor on Monday, November 21, 2016: 

Cover of "The Godfather, Part II (Two-Dis...

The Godfather, Part II

In a scene from The Godfather, Part II that resonates even today, Michael Corleone says: “My father taught me many things here. He taught me in this room. He taught me; ‘keep your friends close, but your enemies closer.’”

Is that what The Donald is doing in romancing the Senator Minority Leader to be, Senator Chuck Schumer? On Friday Schumer told the press that he has already received two or three phone calls from Trump: “He’s called. He’s friendly. The word is that he thinks he can work with me, but we’ll see. The jury’s [still] out.”

On Sunday Schumer said that the jury has returned with a verdict:

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Democrat Senators Pushing Muslim Keith Ellison to Chair DNC

This article appeared online at TheNewAmerican.com on Monday, November 14, 2016:  

English: Keith Ellison on 9-21-06, taken by user.

Keith Ellison

During an MSNBC conference call on Thursday night, Senators Charles Schumer, Bernie Sanders, and Elizabeth Warren weighed in on their pick to replace Democratic National Committee (DNC) chair Donna Brazile: Representative Keith Ellison from Minnesota. Warren told MSNBC that Ellison would make a “terrific DNC chair.”

Ellison mouthed homilies about how the Democrat Party must

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Who Will Be the Next DNC Chair?

This article was published by The McAlvany Intelligence Advisor on Monday, November 14, 2016:  

, member of the United States House of Represe...

With Debbie Wasserman Schultz out as DNC chair in July, and Donna Brazile’s temp job as interim chair ending shortly, top Democrats are searching for just the right person to bring the Democrat Party back from extinction following its near obliteration last Tuesday. He must be able to think on his feet, survive scandals, bury opponents, deflect accusations, accept high-risk endorsements, and vote against the Constitution. If he’s black, that’s a plus. If he’s a radical Muslim, even better.

Enter Keith Ellison (pictured above),

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Tax Foundation Rates Tax Plans of Trump and Clinton: Trump’s Plan Wins

This article appeared online at TheNewAmerican.com on Thursday, October 20, 2016:

Tax Foundation

Tax Foundation (Photo credit: Wikipedia)

Analysis by the Tax Foundation of all that is currently known about the tax plans proposed by presidential candidates Donald Trump and Hillary Clinton concludes that, if enacted, Clinton’s plan would expand government at the expense of a shrinking economy. On the other hand, Trump’s plan would grow the economy, shrink government’s revenues, raise wages, and expand employment.

But it’s not tax “reform,” claims the study’s author, Kyle Pomerleau,

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Hypocrisy Reigns as New York Times Pays No Income Taxes Yet Attacks Trump’s Taxes

This article appeared online at TheNewAmerican.com on Monday, October 3, 2016:  

The New York Times claimed on Sunday that the front page of Trump’s state income tax returns filed in New York, New Jersey, and Connecticut in 1995 prove that the man came close to being a tax cheat:

Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years.

The mainstream media trumpeted the storyline incessantly without mentioning simple truths buried in the Times’ report: The hit piece was based on just three pages of the voluminous tax returns Trump filed in that year;

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Would Trump’s Corporate Tax Cut Help the Economy?

This article appeared online at TheNewAmerican.com on Wednesday, September 28, 2016:  

 Removing the noise and the histrionics from Monday night’s presidential debate, there is a clear division between the two major-party candidates on the state of the economy and what to do about it.

The Democrat candidate said that the economy is on the mend, that jobs are being created, that real incomes have just recently increased, and that the outlook for the economy is sanguine.

The Republican candidate held the opposite view: after seven years the economy is still struggling, the recovery is the weakest in recent memory, and the outlook is bleak.

The Wall Street Journal noted that Trump’s case is the stronger,

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Trump: Repeal Johnson Amendment That Muzzles Pastors

This article appeared online at TheNewAmerican.com on Friday, September 9, 2016: 

English: Anti-United States Internal Revenue S...

On Friday, at the Family Research Council’s convention in Washington, D.C., Donald Trump is expected to reiterate his call to repeal the Johnson Amendment, in line with a similar call in the GOP platform.

During his acceptance speech, Trump thanked the evangelical community for their support, adding:

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The Coming Puerto Rican Bailout

This article appeared online at TheNewAmerican.com on Monday, August 29, 2016:  

On or before September 1, President Obama will complete the eight appointments to the oversight board created when he signed PROMESA (Puerto Rico Oversight, Management and Economic Stability Act) into law on June 30. Those already on the board include Republican Senators Orrin Hatch and Marco Rubio, Democrat Senator Bill Nelson and Congresswoman Nydia Velázquez.

In theory the board will have the power to override the island’s government, delay litigation, fire government workers, and “suggest” other ways the island can begin to recover from its present economic implosion. It has been described as a “de facto” Chapter 9 bankruptcy. In practice it is likely that,

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Vulture Funds Expecting to Profit Handsomely from Puerto Rico’s Problems

This article was published by The McAlvany Intelligence Advisor on Monday, August 29, 2016:  

English: Map of Peuto Rico, with inset showing...

Map of Peuto Rico, with inset showing it’s position in relation to American continents.

George W. Plunkitt was not the world’s first dishonest politician, but he might have been one of the first ones to be honest about his dishonesty. Plunkitt was a Tammany Hall pol who served in the New York State Assembly and then in the New York State Senate around the turn of the 20th century. He called what he did – and what made him wealthy – “honest graft.” He defined “dishonest graft” as efforts to work solely for his own interests. “Honest graft,” on the other hand, was graft that worked for the interests of his own party.

He made his money by

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Trump’s Plan for “Winning the Global Competition”

This article appeared online at TheNewAmerican.com on Tuesday, August 9, 2016:  

During his hour-long speech on Monday at the Detroit Economic Club, Republican Party presidential nominee Donald Trump was serious and reasonable, avoiding histrionics and the temptation to push back against protesters who interrupted him several times. He followed his script and peppered the economic landscape with his wish list of actions he would take as president to “Make America Great Again.”

It was a very long list:

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Latest CBO Report “Grim”; Offers No Solutions to National Debt

This article appeared online at TheNewAmerican.com on Friday, July 15, 2016:  

Ida May Fuller, the first recipient

Ida May Fuller, holding the first check from the Social Security Administration

On Tuesday, the Congressional Budget Office (CBO) published its annual report on the country’s long-term budgetary and financial outlook. One need only to see the chart on Page One of the report to see why CBO’s Justin Bogle said the outlook was “grim”: It shows government spending growing so much more quickly than anticipated revenues that annual deficits will likely triple in the next 30 years, if not sooner. Bogle called this scenario unsustainable.

For the first time, the CBO built into its assumptions the projected impact of ObamaCare, the country’s declining birth rate, the explosion of Baby Boomers demanding benefits from Social Security and Medicare over that period, plus Boomers’ increasing life expectancies and the increasing costs of providing them healthcare along the way.

It also assumed that government debt will

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Something is Wrong When A “Fine Arts” Major Has to Defend Social Security

This article was published by The McAlvany Intelligence Advisor on Monday, June 6, 2016:  

Following President Obama’s statement last Wednesday that Social Security benefits ought to be expanded and made more “generous,” someone at the Washington Post thought it would be a good idea to tout the wonders of that welfare state program. Rather than pick someone with some credentials as an economist, even a liberal one, the Post instead picked Jared Bernstein (above) to do the honors. Which he did:

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Treasury Rules Axe $160 Billion Merger; Obama Calls it Good

This article appeared online at TheNewAmerican.com on Thursday, April 7, 2016:  

Map of USA highlighting states with no income ...

Map of USA highlighting states with no income tax on wages (Photo credit: Wikipedia)

New Jersey’s wealthiest resident, David Tepper, decided to move himself and his business, Appaloosa Management, to Florida in order to take advantage of Florida’s much more favorable tax climate.

It’s going to make a big difference.

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New Law Threatens to Revoke Al Sharpton’s Passport for Unpaid Taxes

This article appeared online at TheNewAmerican.com on Tuesday, December 23, 2015:  

Al Sharpton by David Shankbone

Al Sharpton by David Shankbone (Photo credit: Wikipedia)

Buried in the highway spending bill just signed into law on December 4 by President Obama is this provision: “If the Secretary [of the United States Department of Transportation] receives certification by the Commissioner of the Internal Revenue Service that an individual has a seriously delinquent tax debt, the Secretary shall transmit such certification to the Secretary of State for action with respect to denial, revocation or limitation of a passport.”

It clarifies just what “seriously delinquent” means:

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How Sweet It Isn’t: Rubio Backs Big Sugar and His Donors

This article appeared online at TheNewAmerican.com on Friday, November 13, 2015:  

So far Marco Rubio has avoided having a debate moderator ask him about his support for Big Sugar, the U.S. sugar program that costs Americans billions of dollars every year either directly in their cereal bowl or indirectly through their income taxes. But he did try to defend himself at a small gathering of Heritage Action earlier this summer, with little success. He stated:

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Does California Have a Death Wish?

This article was published by The McAlvany Intelligence Advisor on Thursday, October 8, 2015: 

Cato Institute

A year ago, when the Cato Institute published its Fiscal Policy Report Card on America’s Governors, the best governor, Pat McCrory of North Carolina, scored 78, giving him an “A” rating by Cato. The country’s worst governor, Jerry Brown of California, scored 19, earning him an “F.” His rating was seven full points behind Colorado’s Governor John Hickenlooper, who scored a 26. At the time, Cato said this about Governor Brown:

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More Proof People Are Moving From High Tax States

This article appeared online at TheNewAmerican.com on Friday, June 26, 2015: 

The latest interactive graph from CNBC  shows more people moving from high tax states such as Connecticut, New York, New Jersey and Illinois to lower tax states such as Texas, Tennessee, Colorado, and Arizona. The authors of the latest study reviewed data from United Van Lines and Atlas Van Lines over the last 10 years and concluded that Connecticut was the poster child for out-migration from a high tax state.

For the year 2013, and for the 10 years prior, 55 percent of all moves by these movers took people out of Connecticut. The Nutmeg State levies more than

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CBO Issues Ambiguous Report on Impacts of Repealing ObamaCare

This article first appeared online at TheNewAmerican.com on Monday, June 22, 2015: 

On Friday the Congressional Budget Office, the nonpartisan government agency that is tasked with predicting economic and budgetary impacts of various government programs, issued its analysis of what would happen if ObamaCare (the misnamed Affordable Care Act) were repealed. Its first questionable assumption was that it would be totally repealed effective January 1, 2016.

Its ambiguous, halting, and heavily discounted conclusions served as fodder for the statist media such as CNBC and NBC to warn of huge deficit increases if the socialized medical care program were repealed. NBC headlined a disaster ahead:

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Kansas Considers Tax Increases Just as Its Economy Revives

This article appeared online at TheNewAmerican.com on Friday, June 12, 2015:

English: Aerial view of Kansas City, Kansas, l...

Aerial view of Kansas City, Kansas, looking southwest. The Kansas River (right-center) joins the Missouri River (left). A small piece of Kansas City, Missouri is visible on the left of the Missouri River.

 

Kansas House members debated until midnight Thursday whether to raise sales and cigarette taxes in order to close the state’s budget deficit. The House had just resoundingly defeated a previous measure that would have raised those taxes even more, but the state is facing a deadline to balance its budget, required under its constitution.

There’s a roughly $400-million shortfall this year, which is estimated to increase for the next several years.

Left-wing pundits have had a field day taking Governor Sam Brownback to task for calling his massive tax cuts enacted in 2012 an “experiment,” a “shot of adrenalin,” and similar to Ronald Reagan’s experiment based on the Laffer Curve: Reducing tax rates will increase tax revenues as the economy grows.

Paul Rosenberg, senior editor of Random Lengths News, a tiny weekly newspaper operating out of Long Beach, California, is a good example. His paper describes itself as an “independent progressive newspaper” with a readership of 63,000 that “is proud of the support from the Harbor Area labor unions, who allow us exclusive distribution inside most of their union halls.”

Rosenberg managed to get a screed attacking Brownback published in the hard-left Salon magazine in which he describes the Kansas governor as

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.