Cold Fury

Harshing your mellow since 9/01

The “Jobs Bill” is Lame…But Not For the Reasons You Think

FOR ONE THING, IT DOESN’T EXACTLY “COST” $15 BILLION

Bear with me a moment here.

For starters, our Crappy Media has concentrated on the horse race rather than the reality. Shocking, huh? As usual, I had to go digging around for myself to find out what’s going on, and it’s much more of a mixed bag than the Lame-Stream-ers bothered to report.

First, Dirty Harry proposed an $85 billion mixed package of spending and tax breaks. Some Republicans like Sen. Hatch tentatively signed on, for the tax breaks anyway. Then Reid realized he was going to get slammed for Big Spending, so he broke the bill up into smaller packages without telling anybody. Hatch got mad and withdrew his support. But not before penning this op-ed with Chuckie Schumer:

“[A]ny private-sector employer that hires a worker who had been unemployed for at least 60 days will not have to pay its 6.2 percent Social Security payroll tax on that employee for the duration of 2010. The Social Security trust fund will then be made whole with spending cuts elsewhere [Sure you will!-ed.] …this credit is “front-loaded” in that it provides an incentive for businesses to hire workers earlier in the year — because the tax benefit will be greater. …

[N]o business wants to wait until 2011 to receive a tax credit for someone it hires today. Another obvious benefit of this proposal to forgive payroll taxes is that it keeps money in a business’s pockets, since the tax is simply not collected in the first place. …For any eligible employee kept on payroll for a continuous 52 weeks, the employer would receive an additional $1,000 credit on its 2011 tax return.

I guess you could call the $1,000 credit “new spending”, but the 6.2% Social Security tax credit is not new spending, per se. These are tax credits, the weak sister to real tax cuts. It’s not a true tax cut because you still have to do what they say.

Washington prefers credits to tax cuts, because they still get to boss you around with your own money by using tax credits. Still, it lets employers keep some of their own money. And this is a large part of the $15 billion jobs bill Scott Brown just voted for.

But is it really $15 billion? Conservatives should be very careful about calling tax cuts or even meh-tax credits “new spending”. It buys into the liberal argument that you have to “pay” for tax cuts. In other words, according to liberals, letting you keep your own money is a big favor from the Big Gummint, who rightfully has first claim on it.

But as far as creating jobs that wouldn’t have otherwise existed?

Marginal at best, I think. A few thousand bucks isn’t a lot for guaranteeing a job to someone for a year, especially when unemployment insurance and maybe medical and other hidden costs are figured in.

Businesses really need customers. That’s why bold, Bush/JFK/Reagan-style across-the-board tax cuts help everybody.

This bill might help business and new workers at the margins.

But playing the margins got us into this mess.

Update: Heritage Foundation:

The payroll tax suspension would slightly lower the cost of hiring workers. As a result, it would probably cause some companies to hire workers they otherwise would not have.

However, suspending the payroll tax for one year would not create better opportunities to produce valuable goods and services; nor would it increase the earnings a new worker would create for his or her company. Simply reducing the cost of a potential job will not cause an actual job to emerge if consumers fail to signal that such a job should exist. As a result, most companies would not expand and hire permanent new workers.

Instead, most of the tax suspension benefits would be claimed by companies that already planned to hire new workers.

Their cure:

Better Options

* Agenda-Slowing Job Creation: Congress is continually threatening businesses with new taxes and more regulation. This creates great uncertainty over rising costs for entrepreneurs who want to hire workers or create new enterprises. A small, temporary credit will do nothing to overcome the job-killing agenda coming out of Washington.
* Stop Threatening Growth: Congress should drop its plans for higher taxes and more regulation. If it did so, businesses and individuals would get off the sidelines quickly and start investing again even without short-term tax gimmicks.
* Lower Taxes: Washington can encourage growth by cutting spending so it can further lower taxes in a way that will actually encourage economic growth and spur job creation. A short-term credit will do nothing to get businesses hiring, but reductions of marginal tax rates for businesses, individuals and investing will provide long-term incentives that will pave the way for real job creation.

Share

Can You Hear Us NOW?

‘COS WE DON’T THINK YOU CAN

Reason:

“The city isn’t suing [AT&T] on behalf of the customers, of course (though even that would be sort of silly). It’s suing on the notion that when a customer doesn’t use up all of a product or service they purchase, the remainder belongs to the government. So they want the company to pay what the minutes are worth to the D.C. government…”

The highway robbers city government essentially wants to tax AT&T, but can’t or won’t levy a tax honestly. So they are trying to confiscate it under the medieval concept of “escheat”.

This ancient concept might work for an abandoned house with no heir, but this is a contract between two living parties, with the city merely muscling in to demand protection money.

Note to DC newlyweds: you might want to consummate the marriage before the city council rediscovers the medieval legal custom of Droit de seigneur.

Just sayin’. Can you hear me now?

Share

“Somebody call me a Taxee!”

SAID CAB CALLOWAY

I took a shot at George Snuffleupagus here, and it turns out that Old Snuffy screwed up the nerve to ask a couple of tough questions of the king. In a noble effort to not be so RACIST!, I apologize to all Greek dwarfs. Except Arianna.

It was funny to see Obama insist that what the bill calls “an excise tax” is, in fact, not a tax. And it was even funnier to hear Obama insist that looking up words in the dictionary is to twist their definitions.

But here’s the real issue: I think it was the great Country Western legend René Descartes who said “If I ever have a son, I think I’m gonna name him Bill or George! Anything but René! I still hate that name!”

And he also said “I think, therefore I am.” But Obama is saying “You exist, therefore you’re taxed.”

This crosses a philosophical Rubicon. We’ve always had taxes. But if you didn’t want to pay a sales tax, you didn’t purchase. If you didn’t want to pay income tax, you could not work. And if you wanted to not work, you could always move to Michigan. But until Obama, we’ve never had a tax based just on existing, just on being alive. Which is good news for Steven Seagal’s career.

Fellow Country Western legend and pinko Jean-Paul Sartre would be proud. If he ever really existed. His greatest hit was 1976’s chart-topping “An Existential Tax on Being and Nothingness”. I hear Willie Nelson is doing a cover version. He’s a big IRS fan, too.

But not as big as Mr. Big.

Share

Somebody Call Him a Tax-ie!

COS’ THAT’S WHAT HE IS

Breitbart :

“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes…you will not see any of your taxes increase one single dime.”

Now in office, Obama… signed a law raising the tobacco tax nearly 62 cents on a pack of cigarettes, to $1.01. Other tobacco products saw similarly steep increases.

“Read My Lip Cancer–No New Taxes!”, eh?

The White House contends Obama’s campaign pledge left room for measures such as the one financing children’s health insurance.

“We said ‘many’, not ‘any'”, claimed White House spokesman Foolja Dintwe.

Even Joe “Danger Pants” Biden got in on the pledgey-promise pRon:

“No one making less than $250,000 under Barack Obama’s plan will see one single penny of their tax raised whether it’s their capital gains tax, their income tax, investment tax, any tax.

Of course, those were just words to be discarded after they had served their purpose. And the biggest tax increase of all, Cap and Trade, looms on the horizon like an incoming ice-storm before any scheduled Al Gore Global Warming sermon.

Naturally, they won’t call it a tax. They’ll call it a fee, an assessment, a cost of business, a carbon offset, an investment–anything but what it is: a huge new tax. On YOU.

By the way, there are some lessons here for conservatives.

Q: What do President Bush, Sr. and Obama have in common?
A: They both ran on pledges of “No New Taxes”–and they both got elected. That’s Lesson One.

But after several years, Bush let himself be bamboozled into supporting a tax increase by “moderates” and Democrats who played on concerns about deficits. As soon as the bill was signed…BAM! Those same Democrats turned on a dime and slammed him for breaking his pledge. As much as anything, it cost him re-election. That’s Lesson Two.

It took Bush 3 years to break his pledge–it only took Obama three minutes. But nobody is going to hold him accountable if we don’t. We don’t have a Pet Poodle Press that will cover for us and attack the other guy. That’s our job.

And given his love for taxes, we won’t be unemployed much. But if we were, Obama would raise unemployment taxes.

Come to think of it, he already has. That’s exactly what Republican governors are objecting to. Mississippi’s Haley Barbour:

“If we were to take the unemployment insurance reform package that they have, it would cause us to raise taxes on employment when the money runs out, and the money will run out in a couple of years. And then we’ll have to raise the unemployment insurance tax, which is literally a tax on employment. I mean, we want more jobs. You don’t get more jobs by putting an extra tax on creating jobs.”

Congratulations to those governors. It’s funny to watch the Times and the DNC scream at these governors, calling them every name in the book. They just can’t stand it that somebody won’t drink the Kool-Aid.

So not only is Obama raising federal taxes, he’s raising those state taxes as well. And Estate Taxes, too. They were scheduled to die but the Night of the Living Stimulus brought Death Tax back to life, keeping them at 2009 levels.

Obama’s proposed taxes on wounded veterans insurance and the reduction in the charitable deductions would also serve as tax increases on soldiers who have already sacrificed much, and on charities. Sweet.

Read MY lips–You’ll get Nothing BUT New Taxes with this guy. They don’t even need the money, anymore–they’re printing it by the freighter-full.

They just like the control.

(Via Ace)

Share

Tax Cats and Deficit Dogs

ANIMAL FARM SUBSIDIES

Rush:

GOLDBERG: You remember that movie Network? If you are just fed up, at some point, just lean out your window (laughter) and scream, “I’m mad as hell,” ’cause that’s what’s happening to me. I’m losing my mind, because I don’t understand why — like they — one of the things that I saw recently, they have this whole thing about taxing “the wealthy.” Okay. Now, I don’t mind that. I don’t mind paying a little more tax ’cause I make a good living.

HASSELBECK: Sure.

GOLDBERG: But I don’t want to get it coming and going. I don’t want to get the federal raised and then the state raised and then the phone tax raised and then the television tax raised —

HASSELBECK: City tax raised!

GOLDBERG: — and then the city tax. Back off {of} me!

RUSH: That is Whoopi Goldberg on The View today. It sounds like she might want Obama to fail. It sounds like she might not be fully with the program. She’s starting to ask herself, “I voted for this?” … They’re going to have to raise taxes, Whoopi. They’re going to have to raise taxes. So, in addition to the federal, the states are going to see that, and the states are going to raise taxes, and then the city is gonna raise taxes. You’re going to have taxes raised everywhere. I’ll tell you, it’s very simple, folks. It’s because everybody is spending money they don’t have. They are spending money that has not even yet been printed. They’re spending money that has not yet been earned.

They are spending wealth that has not yet been created.

Your children’s children, your great-grandchildren, they are broke the moment they’re born. They are broke when they get their first job. Whoopi Goldberg is one of the 40,000 people in New York City that pay over half New York City’s budget operations. Forty thousand people out of eight million, Whoopi, pay and make New York happen — and the mayor is concerned that some people might start leaving if he raises their taxes. But he’s going to have no choice, the way he thinks. Whoopi, I am number one. I got out of there in 1997, and they still audit me every year. You could be number two. You could tell Barbara Walters that you want a satellite studio in Florida, where there is no state income tax, same time zone, you could be on remote.

But if Whoopi Goldberg is starting to see this, starting to feel it… She thinks everybody is coming at her now. They’re coming at her both ways. I don’t care how long it took. I don’t care why she started realizing it. The fact is, she has. I hope…

Jonah:

‘We are the ones we’ve been waiting for,” Barack Obama proclaimed many times during the campaign. He and his throngs of supporters preened in the glow of their own righteousness like cats in a puddle of sunlight. They were for “shared sacrifice” and a “new era of responsibility.”

Well, where are those people now?

Obama brags — albeit dishonestly — that he’s only raising taxes on rich people. Ninety-five percent of the American people will get a tax cut, the president insists.

Well, which is it? Do the times demand shared sacrifice from us all, or from just 5 percent of Americans?

If I say to ten co-workers, “We all need to chip in together to get this done,” and then say, “So, Todd, open your wallet and give five bucks to everyone else in the room,” it would sound ridiculous. But when Obama says the same thing to 300 million Americans it’s called “leadership.” …

But why isn’t Obama honest about the fact that he’s asking the working poor and middle class to pay even more? He’s the guy who talks such a big game about s
hared sacrifice. He’s the one talking about a “new era of responsibility.” Heck, that’s the title of his proposed budget — you know, the one that will irresponsibly explode the deficit? …

He tells people they are the upright ones for supporting his policies when what he’s actually saying is that he’s taking from the rich and giving it to them. “Shared sacrifice” really means taking other people’s money, while “greed” is not wanting to give it up and “responsibility” is when the government takes it anyway.

In reality, he’s giving with one hand and taking with the other. He’s telling the poor he’s only soaking the rich, when he’s in fact soaking everyone. The amazing thing is that his supporters, rich and poor alike, buy it. No wonder they’re the ones they’ve been waiting for.

You know what this means, don’t you?

Jonah and Whoopi Goldberg…living together! “Arf, Arf!” “Meow!”

Who will tell Cosmo? Socks the Cat?

Share

When Tax Attacks

THE UNCOMMONWEALTH

I recently joked that Mayor Daley would try to extend a Chicago city tax into not just surrounding counties, but into Indiana, too. I joked too soon:

The Massachusetts Department of Revenue has ordered Town Fair Tire Centers to charge Bay Staters a 5 percent sales tax on purchases in New Hampshire. The Bay State requires residents to pay a little-known “use tax” when they buy certain items in New Hampshire for use in Massachusetts.

The case, which is pending before the Massachusetts Supreme Judicial Court, has ramifications for companies and consumers alike, said Nancy C. Kyle, president of the Retail Merchants Association of New Hampshire.

“I think it’s horrific,” she said. “I don’t think it’s any coincidence that the state of Massachusetts is going after a medium-sized retailer. They’re testing the waters to see how it goes and if they win their case, the big-box retailers are next.”

Funny; these are the same liberals who insists Americans should be able to buy cheaper prescription drugs in Canada.

Even funnier; these are the same liberals who balk at Dick Cheney listening to terrorist phone calls–but they want Big Business to spy on Americans for Big Government in other jurisdictions.

Terrorism?–that’s just Life or Death. But this is THE GOVERNMENT’S MONEY we’re talkin’ about here, pal!

I’d joke about inserting a microchip into everyone’s arm to keep track of their purchases, but something tells me I’d better not–Liberals can’t take a joke without introducing it as legislation.

As Mark Steyn once put it:

“I love borders, the more the merrier – town lines, county, state, and, of course, national. Borders symbolize one of the few remaining constraints on government: You don’t like the grade school here in town? Move ten miles up the road. You don’t want to pay Vermont sales tax? Drive over the river and shop in New Hampshire. Arianna Huffington huffs against “tax loopholes for fat cats”, but I’d say the ability to rent a post office box in Bermuda or the Cayman Islands is a “loophole” in one of the original 16th century senses – an aperture to let in light and fresh air. The fact that there’s somewhere else to go to is the ultimate limitation on government. Borders give people choices – and, to put it in a bumper sticker, “I’m Pro-Choice And I Vote With My Feet”. When starry-eyed utopians speak of a “world without borders”, you can pretty much guess what kind of a place the one-world one-party state would be, with tax rates starting at 60%, about where they are in Sweden right now.”

Only 60%? …sounds enticing! That’s lower than what’s being planned for us.

The Liberal Elites of Massachusetts keep forcing their unpopular laws on the citizens of Massachusetts–and now, on other states as well.

Sam Adams and John Hancock were also tax-resisting smugglers, just like these citizens,

But with one difference; Adams and Hancock didn’t keep voting for the same elites over and over. They overthrew their elites. Good and Hard.

Share

Taxulus Maximus

IF YOU THINK YOU’RE NOT GOING TO PAY MORE TAXES, I’VE GOT A DEMOCRAT SENATE SEAT I’D LIKE TO SELL YOU. AGAIN.

One Hand Giveth While the Other Hand Taketh Away While the Other is Picking Your Pocket.

***President Prettywords:

“If your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime.”

Oops:

…For the 2009 tax year, the 33% tax bracket starts with couples with taxable earnings of $208,850…

***Taxes, Chicago-style. Or Chicago-ish, anyway:

“{T}he city’s Department of Revenue will “presume” that all car rentals in the six-county area are subject to Chicago’s 8 percent transaction tax.

To be excused from the tax, the city is requiring rental companies to photocopy customers’ driver’s licenses and obtain a sworn statement from customers that they won’t be spending more than 50 percent of their time driving in Chicago during the rental period. Without that, the city is demanding the companies collect the tax and turn the money over to the city. Audits will be conducted. At least one is already under way.

Enterprise is asking a judge to declare the city’s action unconstitutional.

“Can you imagine if all municipalities did that?” said Stan Kaminski, an attorney for Enterprise. “We feel it’s an intrusion of privacy to ask for a copy of the driver’s license and a sworn affidavit signed under penalty of perjury on where they might hypothetically use the vehicle.”

Jennifer Hoyle, a spokeswoman for the city’s Law Department, said the tax applies to rentals outside the city “when the vehicles will primarily be used in Chicago. We’re not asking them to impose the city’s tax on all of their transactions,” Hoyle said. “We have provided them with an affidavit for their customers to fill out so they can determine whether or not the tax applies.”

How thoughtful. You people will be lucky if Mayor Shortshanks doesn’t extend the tax to the rest of the state and Indiana, too. The arrogance, greed and tyrannical hubris are breath-takingly par-for-the-course.

***”Louisiana Governor Bobby Jindal says he won’t accept some of the money from the so-called “stimulus” plan because it would force the state to increase unemployment taxes. Slow Joe Biden saw this as an opportunity to go after Jindal claiming that Louisiana was losing 400 jobs a day.”

Except Jindal’s Louisiana is the ONLY STATE actually gaining jobs.

What a horrible way to make state law. If Joe Biden and the Democrats want to write Louisiana’s laws and raise their taxes, they should quit Washington and come to the states and run for those offices.

This is what Power-Mad looks like; they want to run EVERYTHING, EVERYWHERE.

***This is the one that’s going to get ya’: Obama’s Crap n’ Trade Carbon Tax.
Planet Gore’s Chris Horner
is all over it:

Various media outlets are reporting today the Obama administration’s line that some portion (up to 20 percent) of the $300 billion annually to be raised by the global-warming tax (mandating then selling cap-and-trade ration coupons) “would go to tax credits for lower- and middle-income working families.”

…It is an attempt to make some of those hardest hit by this price-hiking and job-killing measure closer to whole before imposition of the tax.

The transfer is a new entitlement and the global-warming tax, the largest hike in U.S. history, is in perpetuity, requiring that government always proclaim that they are protecting you from climate catastrophe, as without that premise the revenue source for their social engineering is no more.

If opponents can’t beat back this giant misstep, I am at a loss as to what they can win in the fight to retain our way of life…”

This is a huge, permanent and gargatuan tax increase for 95% of all Americans. The other 5% are Cabinet Secretaries and Committee Chairmen.

Share

Axis of Taxes

BETTER PUT SOME WD-1040 ON THAT

My Fellow Ciceronians,

I applaud the Chicago president for nominating these heroic tax-resisters. They are bravely standing up to their own party, and by their very actions, proving the Republican case that taxes are too high. And that you get more compliance with lower rates and a simpler code.

In their honor, I propose the Geithner Self-Employment Tax Cut, the Daschle Transportation Tax Cut with Enhanced Charitable Deductions and Mercedes Medi-Care Contributions, and the Rangel Real Estate Tax Cut with Rent Control Exemption, plus the Killefer Unemployment Tax Cut.

These tax cuts, coupled with the Chris “Countrywide” Dodd Re-Finance Act and the Tony Rezko Primary Residence Purchase Assistance Program will allow all other Americans to share equally in their prosperity.

I know they’d want it that way.

Sincerely,

your fellow tax-resister,

Al Capone
Alcatraz, California

Share

First they came for the yachts…

…but I didn’t stand up because I didn’t own one.

Then they came for the porn, but I didn’t stand up because I gave that up when I got married.

Then they came for the beer. And I didn’t stand up because I was drunk.

Almost all of the Democrats’ ideas are being met with some degree of scorn.

“Some people are e-mailing, threatening to come and slug me,” said Assemblyman Jim Beall (D-San Jose), who hopes to see a $1.80 tax added to the price of every six-pack of beer sold in the state. “We’re getting some pretty nasty comments.”

As well they should Jimbo. Didn’t Jefferson say something about…ah yes….”The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is it’s natural manure.”

C’mon Jim! Stand up for liberty! Water the tree!

Yet another Dem politico standing up for the little guy.

Share

Rachl Lukis, I feel your pain.

Well, about 8% of it, actually.

The MFCB’ers that run my residence township don’t count local taxes paid to my employment township unlike every other township in the city.  So while the rest of Cincinnati is paying local tax once, we got to feel the inimitable joy of paying it twice.  If you read news in the future of a truckload of live angry badgers being delivered to a Cincinnati township’s Income Tax Department, it’s a good bet my neighborhood is involved.

So in honor of this day of misery and brimstone, I would like to offer some heartfelt sentiments to certain people.

Are you on welfare? FUCK YOU.

Do you have children you can’t provide everything for all by your widdle self? FUCK YOU.

Are you on unemployment because you just can’t find a job that’s good enough for ya? You don’t want to work at McDonald’s temporarily because you have a college degree? FUCK YOU.

Are you hoping for a bail-out because you’re too stupid to buy a house you can afford? FUCK YOU.

Are you a federal employee who has anything to do with making the government inefficient, bloated, and more costly than necessary? FUCK YOU.

Let’s cut the crap: Do you take any money from the federal government for any purpose due to your own poor decision-making? FUH-HUH-HUCK YOU STRAIGHT TO HELL.

A-fucking-men.  With stars, bars, flourishes and garnishes.

Share

Categories

Archives

"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." – Claire Wolfe, 101 Things to Do 'Til the Revolution



Click HERE for great deals on ammo! Using this link helps support CF by getting me credits for ammo too.

Image swiped from The Last Refuge

2016 Fabulous 50 Blog Awards

RSS FEED

RSS - entries - Entries
RSS - entries - Comments

E-MAIL


mike at this URL dot com

All e-mails assumed to be legitimate fodder for publication, scorn, ridicule, or other public mockery unless otherwise specified

Boycott the New York Times -- Read the Real News at Larwyn's Linx

All original content © Mike Hendrix