Pelosi: “Tax Cuts Are Spending” Don’t You See?

March 8, 2013 — Cristy Li

Nancy Pelosi

(CNS News) House Minority Leader Nancy Pelosi (D-CA) claimed this week that the government must cut spending and then (tried) explaining that “Tax cuts are spending.”

“Our whole budget is what $3.5 Trillion–so when we talk about reducing spending we certainly must and we certainly have–$1.6 Trillion in the previous Congress…Spending is also related to tax cuts, tax cuts are spending…”

I don’t get it.

The Weekly Standard explained in December that the $1.6 Trillion tax hikes (which Pelosi calls spending cuts) a mere $400 Billion was used for deficit reduction–that sum quickly would be eaten up on interest alone on our out of control  $16.67 Trillion federal deficit.

Posted in Budget Crisis, Democrats, Economy, Loony Liberal Lefties, Nancy Pelosi, Tax Hikes. No Comments »

Berkeley City Councilman Suggests an E-Mail Tax to Fund the U.S. Postal Service

March 7, 2013 — Cristy Li

USPS

(CBS News/San Francisco) Leave it up to a liberal-progressive to propose yet another tax–as if Americans were not already overtaxed.

This new tax brainstorm by Berkeley City Councilman Gordon Wozniak would be on e-mail according to Berkeleyside as a means to help fund the cash-strapped United States Postal Service.

Loony Liberal Lefties Philosophy of Government:

“If it moves tax it, if it keeps moving regulate it and if it stops moving subsidize it.” President Ronald Reagan

Posted in California, Tax Hikes, U.S. Postal Service. No Comments »

California Gasoline Taxes Will Be Highest in the Nation on July 01

February 28, 2013 — Cristy Li

California Taxes --Net Right DailyCalifornia Being Taxed Into the Poor House –Net Right Daily

(UT San Diego) Its now official, come July 01, California motorists will pay an additional 3.5 cents in taxes on gasoline thanks to a vote of 3-2 today by the state Board of Equalization, to increase the excise tax by about 10% from .36 cents a gallon to 39.5 cents a gallon.

On Tuesday I wrote here that a hike in the gas tax of 3.5 cents a gallon will mean that California motorists will be paying the highest gasoline taxes in the nation.

H/T: John & Ken Show/KFI 640AM

Posted in California, Tax Hikes. No Comments »

Obama Administration Threatens to Veto Senate Republican Plan to Avoid Sequestration

February 28, 2013 — Cristy Li

Finger in the Dike --Legal InsurrectionA Finger in the Dike –Legal Insurrection

(AP) The Obama Administration threatened to veto a Senate Republican plan that would give President Obama more authority and flexibility to find $85 Billion in spending cuts this year–the measure was intended to replace the automatic spending cuts otherwise known as “Sequestration” that is scheduled to kick-in tomorrow.

The Obama Administration says it instead backs a Democratic measure to replace the cuts with more taxes on job creators.

Related: CBO: Democrats Sequester Bill Adds Billions to Deficit

Watergate Reporter Bob Woodward Blasts Obama on Sequestration

Posted in Barack Obama, Budget Crisis, Democrats, Economy, Obama Administration, Tax Hikes. No Comments »

Calif May Soon Have Highest Gas Taxes in U.S.

February 26, 2013 — Cristy Li

Gas Prices --Barracuda BrigadeRising Gas Prices –Barracuda Brigade

(Breitbart) In California, the solution to all ills is further taxation even though gasoline prices have skyrocketed a full .12 cents last week and past $5.00 in L.A.County now, State Sen Noreen Evans, (D-Santa Rosa) wants to tax oil.

“California is the only oil producing state in the nation that does not have an oil extraction tax. States such as Texas, Oklahoma and Alaska have such a tax and it just makes common sense,” Evans said.

Evans wants a 9.9% tax on all barrels drilled in the state, which runs up to $9.60 per barrel at current prices–the effect, will be to drive oil companies out of California and raise prices at the pump even more than what may soon be on their way for motorists. 

On top of the recent spike in gasoline prices, the California State Board of Equalization was expected to approve a 3.5 cent increase in the gas tax during their meeting in Culver City today.

Related: California Gas Prices Going Up Thanks to Possible Tax Increase

Posted in California, Democrats, Energy Prices, Tax Hikes. No Comments »

Obama’s 2013 Tax Hikes, Twice as Large as Looming Sequestration

February 26, 2013 — Cristy Li

Obama's 2013 Tax Increase Twice as Large as Sequestration --Heritage FoundationObama’s 2013 Tax Increases, Twice as High as Sequestration

Related: Democrats Complain about Debt Clock on Capitol Hill

U.S. Debt Clock

Posted in Barack Obama, Budget Crisis, Democrats, Economy, Tax Hikes. No Comments »

Obama’s Watch: Unemployment Higher for Women and African Americans Since Taking Office

February 11, 2013 — Cristy Li

State of the UnemployedState of the Unemployed –Image: Patriotic Moms

(CNS News) Unemployment for both Women and African-Americans is higher today than when Obama first took office, despite an economy that has “technically” been in a recovery since June, 2009

Flashback: Remember in 2010 when President Obama claimed “that were moving in the right direction.” Whatever happened to Obama’s Recovery Summer?

On the 01 February, I wrote here the nations the jobless rate had ticked up to 7.9% from 7.6%  when Obama first took office–Some progress.

Related: Obama to Seek More Tax Hikes From Shrinking Labor Market

Posted in Barack Obama, Economy, Tax Hikes. No Comments »

GOP House Vote on $4 Trillion ‘Fiscal Cliff’ Boondoggle Violated 3 Day Pledge to Read the Bill

January 2, 2013 — Cristy Li

Fiscal Cliff Deal--The Sad Truth --Judge Andrew NapolitanoFiscal Cliff Deal–The Sad Truth –Judge Andrew Napolitano

(CNS News) Democrat-Socialist/Progressive controlled Senate voted 88-9 to approve the Fiscal Cliff boondoggle which they had all but three minutes to read, before paving the way to add $4 Trillion to our out of control federal budget deficit.

The GOP House of Representatives violated their pledge to voters to make the bill available to the public for three days before it would be voted on.

Republicans promise…that they will be principled (next time) and will keep their pledge to reign in spending when the debt ceiling showdown takes place next month.

Riiight…

Posted in Budget Crisis, Democrats, Economy, Republicans, Tax Hikes. No Comments »

You Failed Speaker Boehner, Time For You To Go

January 1, 2013 — Cristy Li

Time to Step Down Mr Boehner --I Am The Tea PartyIts Time to Step Down House Speaker John Boehner

(FOX News) At the end of the day, 85 RINO’s joined 172 Democrat/Socialists to pass the Senate Fiscal Cliff bill 257-167 which provides tax credits to such things as:

  • Puerto Rico & U.S. Virgin Islands Rum;
  • 2 and 3 Wheel Electric Vehicles;
  • Obama’s Green Energy Initiative of Biofuels;
  • Extension of ‘Special Rules’ for the Film & Television Industries;
  • Extension of 7 Yr Tax Credit for Motorsports Entertainment;
  • Help for Asparagus Farmers

More here from Business Insider

Related: Congress Gives Hollywood Tax Incentive Extension –Breitbart

After Fiscal Win, Obama Warns Congress on Debt Fight –Reuters

Posted in Barack Obama, Budget Crisis, Democrats, Economy, Hollywood Elitist, Obama Administration, Rep John Boehner, Republicans, RINO, Tax Hikes. No Comments »

Senate OKs Tax Hikes in Fiscal Cliff Gimmick 89-8

January 1, 2013 — Cristy Li

Fiscal Cliff 2013

(Market Watch) With the help of Senate RINO’s lawmakers passed a bill early this morning that raises taxes on job creators, increases capital gains taxes and delays any real spending cuts for two more months.

In 2011, Conservative political columnist Pat Buchanan writes in his column entitled An Establishment in Panic “…What school of economic thought–Keynesian, Supply-Side or Monetarist says raising taxes in a slumping economy is the recipe for a return to prosperity? There is no such school. Why, when the whole country is talking about the need to create jobs, would Congress raise taxes on a private productive sector that employs six in seven Americans and is the creator of real jobs.”

With $1 Trillion of New ObamaCare Taxes taking effect today (who knows what black hole will swallow up that money) how is it that raising even more taxes in an anemic economy is going to create even a single job and open the flood gates for new business development and economic expansion?

Posted in Budget Crisis, Democrats, Economy, ObamaCare, RINO, Tax Hikes. No Comments »
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