How Republicans Plan to Avoid Taxmageddon
Wed, May 16, 2012With the possibility of “Taxmageddon” looming over United State’s taxpayers, House Republicans are trying to get a head start in overhauling the tax code. If Congress fails to act before December 31st, 2012, the Bush era tax cuts are scheduled to expire. This would cause a slew of tax increases on Americans. Taxes will be raised on investment income, estates and gifts, and earnings at all levels. The marriage penalty for joint filers will return, the child credit will drop $500, and the rate everyone pays on the first $8,700 of wages will jump to 15%. The Social Security payroll tax that Congress voted on in February will expire, and the new Medicare taxes that are a part of Obamacare will be imposed upon anyone who makes more than $200,000. All of these taxes could potentially take away $500 billion out of the economy in 2013 and are set to occur after the November 6th election.
Mon, May 14, 2012 Why the Establishment Misses LugarThe establishment is up in arms. |
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Wed, May 02, 2012 Right Change: Obama’s Hit Man, Holder, To Be Held in ContemptLawmakers are growing weary of Holder dragging his feet. |
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Tue, May 01, 2012 The Student Loan Rate Won’t Go Up, But What Happens Next Year?The next subprime lending crisis. |
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Tue, March 27, 2012 Right Change: House Dems $3.6 Trillion BudgetAt least it’s more than their friends in the Senate have done. |
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Fri, March 23, 2012 Right Change: Obamacare’s Birthday Is the Gift That Keeps On GivingToday marks the two year anniversary of the adoption of Obamacare and there is silence from the President and the Democrats. |
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Thu, March 22, 2012 Right Change: Obama Officially Increases National Debt More Than BushWith no end to deficits anytime in the near or distant future. |
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