All Posts Tagged With: "Fair Tax"

Is The Middle A Place To Deal With Debt?

As of this writing, debate continues in the US Senate on the compromise Debt Ceiling bill, but one bit of information from the House vote presents an interesting view on the state of the Moderate position: all 5 of Iowa’s congressmen voted against the bill, even though we have 3 Democrats and 2 Republicans representing us.  (Update: Yup, the Senate approved it and Obama signed it… long day already!)

The reasons for voting “No” are drawn clearly along party lines.  The Democrats from Iowa (Braley, Loebsack and Boswell) all stated that “shared sacrifice” was lacking from the bill, which is code for “we want to soak the rich”.  King and Latham, the Republicans, were focused on fiscal responsibility and a balanced budget.

Saying that …


OppurtuniTEA to RealiTEA

In a lot of ways you wouldn’t need much of a crystal ball to see this coming: A Country over 13 trillion dollars in debt with a government either completely ineffectual or damaging in nearly all spheres except military, enacting massive expenditures passed against the majority opinion of its citizens, which gives rise to a movement that wants to stop spending money it doesn’t have and return their government to its Constitutionally relegated space.  These people have been branded with a name: the Tea Party, which is weird because I have never been to a party where everyone is this mad.

Much has been said about this newly minted surge and much is known.  Though you may not have needed it to see it coming, …


Spreading The Wealth: Is It Socialism?

It’s been an interesting week so far as reaction to the whole Joe The Plumber escapade has heightened people’s awareness of Barack Obama’s agenda.

For the sake of full disclosure, and ensuring people don’t accuse me of taking his words out of context, you can see the full transcript of the conversation between Obama and Joe here. I’m going to focus on one sentence that Obama said:

I think when you spread the wealth around, it’s good for everybody.

One can argue a hundred different opinions on this topic, and there’s been a lot of comments around how this is a Socialist agenda (and many consider this to be pretty obvious).  However, the new argument from the Left is that there’s nothing new here


The Housing Bill Is Law

As expected, President Bush signed HR 3221 into law this morning, making billions of federal dollars available to home owners, shoring up Fannie Mae and Freddie Mac, and providing closer oversight of the financial aspects of home ownership to the Administration and Congress.

What a shame.

After speaking with a good friend of mine that is a CPA, the tax incentives, particularly the $7,500 tax credit (a topic which is burning up the search engines at this time), are going to make life harder for tax preparers, tax payers, and probably increase the cost of running the IRS.  As I’ve said before, There are going to be a lot of problems keeping track of this. 

Plus, this is just an unfair competition with banks.  …


Swamp Stomper Alert: Housing Bill Heads to White House

Well, it took almost 3 months, but Congress finally passed the bill today, on older version of which was  passed by the House in May, after some considerable back and forth between the Senate and the House.  The bill is HR 3221 (pdf), titled: “Housing and Economic Recovery Act of 2008”.

The entire bill is over 600 pages long.  The table of contents is 7 pages.  And technically, this is a bill that began its life over a year ago.  Sponsored by none other than Nancy Pelosi.  And apparently Bush is planning to sign.

He should not.

Touted by most of the media is the section that provides up to a $7,500 tax credit is 1,800 words.  And the  media manage to mention it …


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