Tag Archives: Tax

Are the rich paying their fair share of taxes?

07/13/2011 Wintery Knight 15 Comments

Do the rich pay their fair share of taxes?

The Hoover Institute at Stanford University tweeted this article.

Excerpt:

The Democrats’ position in the negotiations to raise the debt limit and deal with runaway government debt can be summarized in one mantric phrase: the rich must “pay their fair share” in taxes. White House communications director Dan Pfeiffer, for example, said a day before the Obama’s Sunday summit with Congressmen that any deal requires a “balanced approach that asks the very wealthiest and special interests to pay their fair share.” Earlier this year, Illinois Congressman Jan Schakowsky introduced legislation called the Fairness in Taxation Act, which she justified by saying “It’s time for millionaires and billionaires to pay their fair share.” Clearly, the Democrats think this is a winning formula going into the critical 2012 elections, despite the historically verified fact that raising tax rates on top earners will not over time generate more tax revenues.

Some political Socrates needs to challenge this formula by asking for a definition of “fair.” Clearly, having the top 10% of taxpayers pay 70% of all income taxes––while nearly half of taxpayers pay nothing––isn’t considered “fair” by those who want to increase taxes on high earners. So what would be fair? Having the top 10% pay 80%, or 90%, or 100%? The U.S. already has the most progressive tax system among 24 OECD countries, ahead of socialist heartthrobs like Sweden and Norway, so what more do Democrats want?

It might be a good idea to send this article to your friends, and bookmark it in case you get into a debate.

News

How Michele Bachmann’s miscarriage shaped her pro-life views

07/01/2011 Wintery Knight 7 Comments

From Life News.

Excerpt:

Campaigning in South Carolina, Republican presidential candidate Michele Bachmann said a “devastating” miscarriage helped shape her pro-life views on abortion. The compelling personal story ties in to her rationale for becoming a foster care mom.

While on the campaign trail in Rock Hill, South Carolina, the Minnesota congresswoman revealed she had a miscarriage decades ago and that the event led her to solidify her pro-life views and prompted her and her husband to become a foster home to 23 children over the years.

“After our second child was born, we became pregnant with a third baby,” Bachmann said, according to a Politico report. “And it was an unexpected baby, but of course we were delighted to have this child. And the child was coming along, and we ended up losing that child. And it was devastating for both of us, as you can imagine if any of you have lost a child.”

She said the miscarriage also prompted Bachmann and her husband Marcus to re-evaluate their personal and professional life goals.

“At that moment we didn’t think of ourselves as overly career minded or overly materialistic,” she said, according to Politico. “When we lost that child, it changed us. And it changed us forever.”

“We made a commitment that no matter how many children were brought into our life, we would receive them because we are committed to life,” she added.

Reporters at the event say Bachmann shared it about halfway through her town hall at Winthrop University on Wednesday night. The miscarriage story is not one that Bachmann has shared much and Peter Hamby from CNN reports that “Even some of Bachmann’s staffers were caught by surprise when she talked about the miscarriage and had not heard [the] story before.”

You can see pictures and videos of the event at Right Wing News, courtesy of John Hawkins. I really appreciate that John has been broadly supportive of Michele, because he is a major figure in the conservative blogosphere.

You can also find out more about Michele Bachmann from interviews, campaign speeches and speeches in the legislature.

News

AT LAST! Michele Bachmann is officially running for President in 2012

06/27/2011 Wintery Knight 5 Comments

Full text of the announcement is here.

Excerpt:

This election is about big issues, not petty ones. When all is said and done, we cannot be about big government as usual. Then America will lose.

In Washington I am bringing a voice to the halls of congress that has been missing for a long time. It is the voice of the people I love and learned from growing up in Waterloo. It is the voice of reasonable, fair-minded people who love this country, who are patriotic, and who see the United States as the indispensable nation of the world.

My voice is part of a movement to take back our country, and now I want to take that voice to the White House. It is the voice of constitutional conservatives who want our government to do its job and not ours and who want our government to live within its means and not our children’s and grandchildren’s.

I am here in Waterloo, Iowa to announce today: We can win in 2012 and we will. Our voice has been growing louder and stronger. And it is made up of Americans from all walks of life like a three-legged stool. It’s the peace through strength Republicans, and I’m one of them, it’s fiscal conservatives, and I’m one of them, and it’s social conservatives, and I’m one of them. It’s the Tea Party movement and I’m one of them.

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