America has heard a lot of talk about the “Buffett Rule” — President Barack Obama’s plan to make the tax code more “fair” by permanently raising taxes by $1.5 trillion over 10 years, with most of the burden falling on families and businesses earning more than $250,000 per year. But if he wants to talk about “fairness,” he should look at how much top income earners already pay in taxes, as the chart below shows:
In a new paper, Heritage’s Curtis Dubay explains that the supposed “fairness” of the new rule is anything but fair:
To President Obama, it is “fair” to raise taxes on families and businesses earning more than $250,000 a year by raising their income tax rates and limiting their deductions. That must also mean he believes that they currently pay too little in taxes.
Yet the data show the highest-earning families and businesses already pay the lion’s share of the federal income tax burden. According to the IRS, the top 1 percent of income earners—those earning more than $380,000 in 2008—paid more than 38 percent of all federal income taxes while earning 20 percent of all income. The top 10 percent ($114,000 and above) earned 45 percent of income and paid 70 percent of all taxes. At the same time, the bottom 50 percent of income earners—those earning less than $33,000—earned 13 percent of all income and paid less than 3 percent of federal income taxes.
Read more of Dubay’s paper, “The Buffett Rule: Fair to No One,” at Heritage.org.
Last cycle this website did not support Mr. Morrison for the first district seat on the Cook County Board of Review. There was a big reason for this. Morrison was a heavy supporter, donor and voter for Democrats prior to suddenly launching his campaign as a Republican.
Obama’s Environmental Protection Agency is completely put of control. Now it wants to implement new regulations that would destroy 183,000 private sector jobs every year. Yes, even after Obama has destroyed the economy and jobs we do have he wants to destroy even more.
Back on August first the whole country was waiting for the House of Representatives to 
Much of what you eat, wear, read, play with, drive, and ride gets to your hometown store via a truck of some kind so the open road trucking industry — as well as local, short distance haulers — is a vital link between all of us and the necessities of life. That is why the constant wave of new regulations that roll over truckers like a killer tidal wave is something to which we all need to pay more attention. So, it looks like Fox Business Network’s Adam Shapiro has been doing some of that attention paying.
Texas Representative Louie Gohmert is a genius. He’s absconded with the name of Obama’s jobs bill — the American Jobs Act of 2011 –and used it for his own tax-cutting bill.
There is a new smart phone ap out there that is a pretty good idea. It’s called “
President Obama gave his much delayed “jobs” speech on Thursday, one he’s been promising since 2008. Unfortunately for this president, few people much cared. In fact, the most damning indictment about how irrelevant this speech and this president is was seen during the speech in the House gallery, a space that was, unlike any other presidential address, nearly empty.
As I often do, I 
After Teamsters President Jimmy Hoffa incited violence against Republicans as he introduced President Obama at Monday’s rally in Detroit, at least one organization called for Hoffa to resign over his intemperate and violent rhetoric. 
Even left-wing Morton Grove, Illinois is feeling the pinch of Tea Party principles as new town library board members begin revealing the perfidy of past board members that violated the state’s open meetings laws where they were found to be scheming to fool the taxpayers into hiking taxes for unnecessary new library building projects and other wasteful spending.
Why is it that every time we meet yet another socialist-loving, left-winger he ends up being an utter hypocrite? This time it’s tax-whiner — and now known tax shirker — Warren Buffet, the investment giant that has been telling anyone that will listen that “the rich” don’t pay enough in taxes.
We’ve seen it over and over with the Obama administration. All one need do to become a “czar” or get a plum appointment to yet another Obama regulatory board is to donate big money to Obama’s campaigns specifically or the Democrats in general. Now it’s happened again.