The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for November 7th, 2010

Taxes & Spending: Specifics on What the GOP Should Do

Posted by iusbvision on November 7, 2010

Welcome Daily Caller readers!

On Taxes:

1 – The massive tax code allows the super rich to hide money so they don’t pay their fair share. The tax code also picks winners and losers and slants the playing field against small and medium-sized domestic businesses.

2 – The cost of compliance with the tax code is in itself a massive tax.

3 – We need a fairer, flatter and simpler tax system that encourages people to create wealth.

4 – Change the tax code so that the rate for small business S-Corps is smaller than the high wage earner rate and not tied to it.

5 – There are not enough “rich” people to sock anyways to handle the deficit.

6 – Lower the corporate income tax but eliminate some loopholes to help attract wealth back from overseas. We have the second highest corporate income tax in the industrialized world. That sends jobs away.

7 – The best way to increase revenue is with lower tax rates that stimulate and attract wealth creation and investment. Creating and inviting more wealth to tax is the best way to increase revenue. When jobs, wealth, investment goes to China, we can’t tax it.

8 – Wealth goes where it is treated well and more and more that isn’t here.

9 – The private sector simply cannot support a government that costs $3 trillion dollars a year and stay competitive.

On Spending & Legislation:

Reform on spending has to come in forms both large and small. Remember that Obama said in the 2008 campaign that he wanted to cut spending from the 2008 levels (and instead it went through the roof).

1 – Cut spending back to 2008 levels immediately (except unemployment).

2 – Earmark abuse must come to an end. Granted legislative earmarks usually add up to less than $20 billion a year, many of these earmarks go to lobbyists clients and are used for paybacks and corruption.

3 – End funding for NPR, Arts and other fluff. Sorry folks we are dangerously in debt now.

4 – For many unionized and other federal employees, their pay is 30-300% higher than their counterparts in the private sector. On top of that many federal employees pay next to nothing for their benefits. This must be reformed. This goes for many of the states as well.

5 – We need means testing for Social Security & Medicare.  We do not need to be paying for Rush Limbaugh’s and Bill Gates’ Medicare.

6 – We need to reign in executive earmark/pork spending like much of the stimulus package and the $411 Billion pork bill that was passed days after.

7 – We need a massive reform in education spending as most of it goes to bureaucrats and vested interests, not toward educating the kids.

8 – Pass SERIOUS mortgage reform.

9 – Have a review of every government agency. Either shape up, reform or ship out. Is their expense justified or is it better just to take that money and return it to the states or pay the debt.

10 – Reign in the Federal Reserve and stop them from trashing our currency.

11 – Pass FDA reform so our companies can bring new medicines and innovations to market cheaper.

12 – Pass wage & hour reform to make exceptions for apprenticeships. The minimum wage is high enough now that apprenticeship jobs for young people to teach them trade skills have almost all disappeared. Young people who do not wish to go to college need skills so they can have good jobs later. The lack of skilled labor has brought in illegal aliens to do those jobs, especially in construction.

13 – Review laws that have little benefit but kill jobs (the light bulb law comes to mind)

14 – Create enterprise zones with incentives to attract wealth.

15 – 80%+ of college graduates are not finding good jobs, student loan repayment penalties should be suspended till the economy recovers.

16 – Deal with ObamaCare problems.

17 – Re-enable the Clinton/Gingrich/Kasich Welfare Reform law that was reversed with the stimulus package.

18 – Allow states to make their own low cost health care programs like the brilliant Indiana HIP program (and many other reforms).


Posted in 2012, Chuck Norton, Economics 101, Energy & Taxes, Post 2010, Republican Brand | 1 Comment »

Transparency: New House Republican Committee Chairman Orders Cameras for Hearing Room

Posted by iusbvision on November 7, 2010

Count this as one good step in the right direction.

Via our friends at The Blaze:

With the Republicans poised to retake majority control of the House of Representatives following Tuesday’s midterm elections, the presumptive chairman of the Rules Committee, Rep. David Dreier, R-Calif., is setting a new standard of transparency for his committee’s hearings.

In a letter addressed to the House chief administrative officer Dan Strodel, Dreier ordered that video cameras be installed in the hearing room so citizens can keep an eye on Congress.

“Given the important nature of our work, my Republican Rules Committee colleagues and I have repeatedly requested that the majority undertake the installation of cameras in the Rules Committee hearing room to the end that we begin webcasting our proceedings,” Dreier wrote. According to The Hill, the personal letter emphasized the GOP’s interest in “genuine openness and transparency.” Currently, the Rules Committee hearing room is one of only three without cameras — the others being the ethics and Intelligence committee rooms.

As the ranking Republican on the committee, Dreier initially went public with his request during the heated debate over health care this past spring. “We’ve been asking for months for cameras to be installed in the Rules Committee hearing room and now the American people understand why it’s so necessary,” Dreier said at the time.

With Democrats’ health care overhaul plan now the law of the land, the GOP is looking to set a new example for government accountability. “The Rules Committee is being used to manipulate the process to avoid accountability and transparency,” Dreier noted in March. “If the Majority is going to insist on hiding votes on bills behind rules, the least they could do is let the American people watch the action.”

 

Posted in Chuck Norton, Post 2010 | 1 Comment »

Governor Christie Irks NBC’s David Gregory by Calling Him “An Advocate”

Posted by iusbvision on November 7, 2010

The good part comes at 7:20 into the video –

David Gregory, like so many elite media “journalists”, parrots DNC talking points and/or blog points that they glean from smear sites like Media Matters and the Huffington Post. By far the favorite narrative/talking point/bogus premise from the elite media is that tax cuts cause deficits and that you have to raise taxes to increase revenue (they are still fighting Reagan and never got over it).

After the Reagan tax cuts were passed revenue doubled. Now I will try to explain this is such a way that even a Marxist professor might be able to understand. If your income goes way up and so does your debt, that is an indication of a spending problem, not a revenue one.

Basketball star LeBron James had a choice to play pro basketball in New York or Florida. He chose Florida because New York Taxes would have cost him a fortune.

Lets say that you are a gifted hi-tech designer, you have a choice of going to New York which has penalties for high wage earners, or you go to work for Boeing in Washington State because the voters there just voted down a “tax the rich” tax. Where do you go?

Recently 153 businesses have moved from California to Texas 1, 2.

Maryland instituted a “millionaire’s tax” and guess what, a third of their millionaire tax returns went POOF… some might not have been millionaires any more, but some left the state and others put more effort into putting money in tax shelters so that Maryland couldn’t take it. The result was a $100 million loss in state revenue.

[Note to every GOP candidate or office holder that goes on any show to talk about taxes, print these out and keep them with you at all times. This is just a sample of the evidence I have stored in my archive. Every time one of the David Gregory’s in the world starts down this bogus narrative whip these out and start quoting; then explain to him that his premise is a cute far left talking point but just isn’t reality. So after you lay a couple of these quotes on him I would say something like this:

David I have been watching you promote this bogus talking point for years. I am sorry that you never found the time to do your homework on this issue, but maybe you don’t read the New York Times, the Associated Press, the Wall Street Journal and all the rest of these. Well I do. So David I would like to think that you just didn’t do your homework, but if its otherwise you may be fooling yourself, but your not fooling me and your certainly not fooling them (while you point at the camera)

Remember, these elite media people are not there to give the news objectively, often they are there to destroy you. They are going to trash you anyways, so you might as well make news by knocking them down a peg. The next elite media “journalist” will think twice before pulling a tactic like that on you.

According to the Culture and Media Institute:

Major network news shows ran 69 stories about Sarah Palin between September 29 and October 12. 37 stories were negative, just 2 were positive, and 30 were neutral. Not a single evening news show ran a positive story about Palin

– Chuck Norton, Editor]

By all means lets settle this argument right now. Tax cuts often increase revenue because more jobs means more taxpayers and more income means more taxes paid and more economic activity. David Gregory is an advocate and the following evidence puts his bogus narrative to rest.

Reducing the capital gains tax rate from 20% to 15% increased capital gains tax receipts by 79% from 2000 to 2004. Cutting the dividend tax rate by more than half–from 39.6% to 15%–increased dividend tax receipts by 35% from 2002 to 2004. And corporate tax receipts have nearly tripled since 2003, reaching $250 billion for the past nine months, 26% higher than the same period last year. (WSJ July 25, 2006)

WASHINGTON — The federal deficit in the budget year that just ended fell to a four-year low of $247.7 billion _ a figure President Bush touted Wednesday as “proof that pro-growth policies work.” The deficit for the budget year that ended Sept. 30 was 22.3 percent lower than the $318.7 billion imbalance for 2005, handing Bush a welcome economic talking point as Republicans battle to hold onto control of Congress in the midterm elections. (AP Oct. 11, 2006)

One place it has come from are corporations, whose tax collections have climbed by 76% over the past two years thanks to greater profitability. Personal income tax payments are up by 30.3% since 2004 too, despite the fact that the highest tax rate is down to 35% from 39.6%. The IRS tax-return data just released last month indicates that a near-record 37% of those income tax payments are received from the top 1% of earners — “the rich,” who are derided regularly in Washington for not paying their “fair share.” (WSJ Oct. 6 2006) – The rich are paying more in real dollars since the tax cuts.

US Treasury Sets New 1-Day Tax Receipt Record Of $85.8 Billion
Tuesday September 19th, 2006 / 0h04

WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday.

Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said.
Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year.

Treasury Undersecretary for Domestic Finance Randal Quarles said Friday’s numbers provided a “continuing demonstration of the strength of the U.S. economy.”

“In fact, Friday’s gross receipts were the largest in a single day in the nation’s history – 20% higher than receipts on the same quarterly tax payment date last year,” Quarles said in a statement.

October 27, 2006 at 10:30 pm e
Laffer’s Victory – July 10, 2006 – The New York Sun
July 10, 2006 Edition
Laffer’s Victory
New York Sun Staff Editorial
July 10, 2006

It’s official — Arthur Laffer wins. New data show federal revenues surged in the first three quarters of the current fiscal year. Corporate tax receipts are up more than 26% over the same period last year, ringing in at $250 billion. Individual income tax collections, at $791 billion, are up 14% over the first nine months of fiscal 2005. The Congressional Budget Office projects corporate tax receipts will total $330 billion by the end of the fiscal year. As a result, the deficit for the year is expected to be about $300 billion, down from $318 billion last year and $412 billion the year before.

What, you ask, has led to this miraculous event? A tax cut, it turns out. Or rather, an array of tax cuts, on corporate income, personal income, and capital gains. These tax cuts, passed in 2001 and 2003, appear to be having the desired effect of spurring economic growth by creating addition incentives for work and entrepreneurship. The latest numbers, moreover, offer some hard data to challenge some of the charges leveled against President Bush and congressional Republicans in respect of tax cuts. These tax cuts haven’t exactly benefited “the rich.” A third of those higher income-tax revenues came from the highest-earning 1% of households, according to the New York Times.

Budget Deficit Drops $296B Under Estimate
Jul 11, 11:01 AM (ET)
By ANDREW TAYLOR
My Way
WASHINGTON (AP) – President Bush touted new deficit figures Tuesday showing considerable improvement upon earlier administration predictions, saying it shows the wisdom of his tax cuts.

Bush himself announced the figures – a task that for the most part has been left to lower-ranking administration officials in the past. The new figures show the deficit for the budget year ending Sept. 30 will be $296 billion – much better than the $423 billion that Bush predicted in February and a slight improvement over 2005.

October 27, 2006 at 10:33 pm e
Surprising Jump in Tax Revenues Is Curbing Deficit
Surprising Jump in Tax Revenues Is Curbing Deficit – New York Times
By EDMUND L. ANDREWS
Published: July 9, 2006

WASHINGTON, July 8 — An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief.

Graphic: Mixed Signals On Tuesday, White House officials are expected to announce that the tax receipts will be about $250 billion above last year’s levels and that the deficit will be about $100 billion less than what they projected six months ago. The rising tide in tax payments has been building for months, but the increased scale is surprising even seasoned budget analysts and making it easier for both the administration and Congress to finesse the big run-up in spending over the past year.

Tax revenues are climbing twice as fast as the administration predicted in February, so fast that the budget deficit could actually decline this year.

A flood of income tax payments pushed up government receipts to the second-highest level in history in April, giving the country a sizable surplus for the month. In its monthly accounting of the government’s books, the Treasury Department said Wednesday that revenue for the month totaled $315.1 billion as Americans filed their tax returns by the April deadline. The gusher of tax revenue pushed total receipts up by 13.4 percent from April 2005. (AP May 10, 2006)

WASHINGTON, July 8 — An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief. (NYT July 9, 2006)

And just for good measure here is President Kennedy on tax cuts –

Posted in 2012, Chuck Norton, Economics 101, Energy & Taxes, Journalism Is Dead, Palin Truth Squad, Post 2010, True Talking Points | 1 Comment »

Democrat Senate Leader Harry Reid Vows Amnesty Vote in Lame Duck Session.

Posted by iusbvision on November 7, 2010

The Hill:

 

Senate Majority Leader Harry Reid (D-Nev.) vowed on Spanish-language television to bring the DREAM Act back for a vote in the lame-duck session.

On the Univision program “Al Punto,” Reid was repeatedly hammered by host Jorge Ramos on whether the vote would happen, win or lose on Tuesday.

“The answer is yes,” Reid said.

“I have the right to do that, you know, I have the right to bring that up any time I want, that’s why I brought it up the first time,” he said. “I am a believer in our needing to do something. … We all support the DREAM Act. I just need a handful of Republicans to help me.”

Of the lack of Republican support he’s received on the DREAM Act or comprehensive immigration reform, Reid said, “They want to keep talking about this issue, and I say it’s demagoguery in its worst fashion and is unfair to the Hispanic community.”

Reid said he was doing “fine” in his midterm campaign and “our polling is right where we want it to be.”

“We believe that the Republicans know where we are, and that’s why my opponent’s been so desperate doing some things that have been very, very, very mean spirited,” he said.

He denounced Sharron Angle’s ads, including one calling Reid “the best friend an illegal alien ever had,” to be “totally without fact or foundation… some people have said they’re racists; others can draw their own conclusion.”

Reid said it was “pretty clear” that Democrats would hold onto control of the Senate on Tuesday.

“How many the numbers will be, we’ll have to decide that on November 3rd, but we feel comfortable,” he said.

Posted in 2012, Chuck Norton, Obama and Congress Post Inaugration, Post 2010 | Leave a Comment »

Alaska Division of Elections flagrantly violating Alaska law in Miller/Murkowski ballot count?

Posted by iusbvision on November 7, 2010

Joe Miller:

Division of Elections Fails to Notify Miller Campaign of Absentee Ballot Validation

Anchorage, Alaska. November 6, 2010 — The Joe Miller for U.S. Senate Campaign is concerned that the Absentee Ballot validation process began yesterday at 10 a.m without notification to the campaign. The Miller Campaign was told of the news from a Republican Party member approximately 11am yesterday who was informed of the decision that morning. In an e-mail to the Miller campaign, the Director of the Division of Elections, Gail Fenumiai, stated, “It is not the practice of the division to contact candidates or parties to notify them of the review dates,” even though the DOE’s “Election Observers’ Handbook” [version B14 (Rev 11/07), page 8] provides that the Division must “notify” the campaign “24 hours in advance the time of ballot review….”

[IUSB Vision Editor’s Note – This is preposterous,  of course it is the policy to contact the candidates, they have a right to inspect the process and that IS the whole point of having judges and inspectors from both parties to observe the count. Anyone who has worked elections before knows that any such policy would be so fabulously ridiculous that it is impossible. To claim that they have a policy that directly contradicts the published rules and goes against there very notion of having all parties involved to observe, which every state sets up a process to accomplish, is beyond unbelievable. I am calling out Gail Fenumiai as a liar as her statement is equal to saying that the state can hold a recount and not tell a candidate that it is happening. It cannot be understated how outrageous this is. – Chuck Norton]

In response to this news, Joe Miller said, “Our goal is to uphold the integrity of the voting process. Every vote that is cast correctly should be counted. All Alaskans deserve a free, open and fair election. Unfortunately, the State Division of Elections has decided to call that process into question with the constant maneuvering of dates and procedures.” Since the election Tuesday, the Miller Campaign has vowed to oversee the process to its conclusion, to ensure that the voters of Alaska have their rights protected.

Miller went on to say, “The State of Alaska has a statutorily defined election process, anything or anyone that deviates from that process is unsettling. It is fundamental that the public be informed of the ballot review schedule in advance. Our democratic voting process has at its foundation the Constitution and the statutes of this state, and any manipulation of this process for the purposes of expediency or convenience compromises those principles.”

Spokesman Randy DeSoto added that “we don’t know how many ballots were reviewed without fair scrutiny.”

The absentee validation is occurring across the state in various locations. It is unclear why the Miller Campaign was not notified about the decision to begin validation Friday.

Posted in Chuck Norton, Government Gone Wild, Vote Fraud | Leave a Comment »

Video: O’Reilly Blasts Washington Post’s Dana Milbank for Openly Lying About Coverage 7 Million People Watched – UPDATED!

Posted by iusbvision on November 7, 2010

You would think that if you are going to lie about someone or an event, perhaps it should be an event that wasn’t witnessed by 7 million people. This is exactly the same nonsense that Media Matters does on a regular basis.

Our pal JohnnyDollar, who has been on a roll lately with his vigilance, captured the video:

UPDATE – Karl Rove weighs in on Milbank’s response. Wow this Dana Milbank is turning out to be his own worst enemy: 

Posted in Chuck Norton, Journalism Is Dead, Leftist Hate in Action, Post 2010 | 1 Comment »

Video: MSNBC’s Silly Hypocrisy on Fundraising for Candidates

Posted by iusbvision on November 7, 2010

Once again our friend JohnnyDollar shows just how ridiculous MSNBC has become.

Youtube is a Behar isn’t it Rachel Maddow?

 

 

 

 

 

 

Posted in Chuck Norton, Journalism Is Dead, Leftist Hate in Action, Post 2010 | Leave a Comment »

New Bogus Elite Media Narrative on Tea Party: You didn’t win every race so you are a failure

Posted by iusbvision on November 7, 2010

One can always count on NBC to come up with the false premise that insults the intelligence of the audience. The elite media narrative is silly. In essence it is “You weren’t perfect and you didn’t win every race so you are a failure.” The truth is that most Tea Party endorsed candidates won.

Also to consider; for the Tea Party and most Tea Party candidates this was their first attempt at a big nationalized election and look at the results. Tea Party candidates will learn from their tactical mistakes and improve. Four years ago no one would have imagined a new movement engaging in a first election and having such a success.

[Note on the video – sometimes MSNBC puts in a playlist rotation. If you do not see Senator DeMint on Meet the Press just hit the playlist button when you hit play. A menu will appear where you can click the picture of Senator DeMint for the proper video – Editor]

The simple truth is that  O’Donnell lost by the same margin as other Republicans in Delaware did, which means that most people in Delaware voted a straight party line ticket. I worked elections in my state and most Democrats here voted a straight ticket. Keep in mind that in Delaware Obama’s approval ratings are still higher than his negatives. This means that Castle would have lost as well.

Would O’Donnell have gotten more votes with a more effective communications machine, you bet, but she would have still likely lost. I swapped emails with the O’Donnell campaign with an offer to write commercials for them because her ads were not good enough for some very substantive reasons, they told me they loved what I wrote, but I guess their communications team didn’t want to share “the glory”. Her ads did not do the most important job that needed to be done in her race and it is obvious what that job is, yet the GOP communications machine keeps missing the target. [Someone has already asked what is so obvious that I see and they did not. Sorry guys I save my best stuff for those who wish me to help represent them – Editor]

Bottom line, Castle very likely would have lost as well. In Delaware, as with several other states, this election was a referendum on Obama (and the Dem Leadership) and with his positives there this is how the vote turned out.

Posted in Chuck Norton, Journalism Is Dead, Post 2010 | 1 Comment »

Caught on Video: Federal Contractor Tells Employees to Vote for Murkowski

Posted by iusbvision on November 7, 2010

A federal contractor who gets your money, politicking on your time, to get more of your money. This cycle has to stop and this is the kind of things that public sector unions do with your money.

If you wish to support Joe Miller:

Joe Miller for US Senate needs your help as some Alaska officials are changing the rules on the fly to count the absentee ballots and write ins. https://joemiller.us/goal/index_notover.php

Posted in Chuck Norton, Post 2010, Vote Fraud | Leave a Comment »

Congressman Allen West: Is the President kowtowing to this radical jihadist enemy?

Posted by iusbvision on November 7, 2010

Posted in 2012, Chuck Norton | 1 Comment »