President Obama just announced from the White House a plan to maintain current tax rates for the middle class, while hiking the tax rates for those earning above $250,000 per year. And while Republicans have already voiced opposition to the president's plan, Democrats are now beginning to express their dissatisfaction.
President Obama later today will announce a large tax increase on those Americans making over $250,000 a year. The Romney campaign is saying that this is Obama's "response to even more bad economic news."
One of the few bright spots in last week’s Supreme Court ruling on President Obama’s health care overhaul was a political one: The opinion written by Chief Justice John Roberts argues that Obamacare is constitutional under the taxing powers of Congress. The Obama administration’s advocate before the Court, Solicitor General Donald Verrilli, made this case during oral arguments, and Roberts bought it. The decision, in a sense, formalized what many conservatives had long argued: The Obamacare tax is a tax.
Just a couple of days ago, one heard dark talk about the partisan, right wing Supreme Court and how, if it overturned Obamacare, it would be engaging in something like a "coup." Today, no less an expert in the ways of partisanship than Robert Shrum is declaring that “the Roberts Court will be seen and remembered as more than an ideological rubber stamp.”
In February the Obama administration's acting director of the Office of Management and Budget, Jeff Zeints, told the House Budget Committee that the penalty for not purchasing health insurance under Obamacare is not a tax. Watch below:
The National Organization for Marriage (NOM), a pro-traditional marriage organization, alleges that confidential tax forms were either leaked or stolen from the IRS and illegally distributed by its opponents to the media.
A few months ago, when President Obama proposed to restrict the deductibility of charitable contributions made by relatively well-off Americans, I asked why Obama is so opposed to having money go directly to the needy, rather than having it first be filtered through the government.