O, Christmas Tree! O, Taxing Tree!

The tax bill (still being drafted in secret) is becoming a lobbyist’s dream, just in time for Christmas. The Democrat opposition to President Obama’s compromise has increased the negotiating power of every Representative and Senator, especially the Democrats. The vote by the House Democrat Caucus to denounce the unwritten bill “in its current form” is […]

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30 Bernanke Quotes That Are So Absurd You Won’t Know Whether To Laugh Or Cry

Did you see Federal Reserve Chairman Ben Bernanke on 60 Minutes the other night? Bernanke portrayed the Federal Reserve as the great protector of the U.S. economy, he claimed that unemployment would be 15 percent higher if the Federal Reserve had sat back and done nothing during the financial crisis and he even started laying […]

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The Facts About the Bush Tax Cuts

Posted by Erick Erickson A lot of the media and all of the Democrats seem to forget one simple fact about the Bush tax cuts: they were passed in response to a recession occurring as George W. Bush and Dick Cheney entered office. Moe Lane wrote an excellent post about the impact of the Democrats […]

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Coverdell Education Savings Accounts at Risk in Tax Debate

Lost in the framework agreement between the Obama Administration and congressional Republicans on extending tax relief is the future of Coverdell IRAs, savings accounts designed to help families pay for K-12 education expenses and tuition. Like their college counterparts, Coverdell IRAs allow parents to save money for K-12 education expenses tax-free. The Administration has had […]

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Holiday Treat for the Bush Tax Cuts?

Maybe it’s the holiday season, but if the reports are true President Obama and congressional Republicans have reached a compromise on extending the Bush tax cuts that gives taxpayers and the economy a wondrous gift. While details are sketchy and ever-so-important, President Obama announced he has agreed to extend all the Bush tax cuts for […]

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Obama’s November Jobs Deficit One More Reason to Extend Bush Tax Cuts

“You are what your record says you are.” So says Bill Parcells, three-time Super Bowl–winning coach. Professional sports, athletes, coaches, and commentators can spin the numbers with the best of politicians, but in the end you are what your record says you are. The record on the first two years of President Obama’s economic policies […]

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VIDEO: Congress Must Cut Spending

In advance of today’s vote on the National Commission on Fiscal Responsibility and Reform’s report, there has been increased attention on the nation’s fiscal health and the serious dangers posed by our out-of-control national debt. But while this issue has garnered increased scrutiny, some continue to ignore the real cause of our debt and deficit […]

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Churchill Saw It Coming

One hundred and thirty six years ago this week, Winston Churchill—arguably the leading statesman of the twentieth century—was born. The son of a British father and an American mother, Churchill is often remembered for his formidable oratory skills and his love of fine cigars. Yet Churchill was also a great friend to America whose warnings […]

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Seven Years of Bad Policy: Government Maintains Offshore Drilling Ban

As the rest of the world continues to drill off its respective coasts, the United States is heading in the opposite direction. The Obama Administration announced that the eastern Gulf of Mexico and the Atlantic and Pacific coasts will not be part of the government’s 2012–2017 Outer Continental Shelf program, effectively banning drilling in those […]

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