Morning Shows Express Hope Arnold Can Get Around Tax Cut Pledge

Networks Rue How Schwarzenegger’s Car Tax Cut Will Swell Deficit – It wasn’t just my imagination that newscasts were focused on an imaginary revenue loss and completely ignored the additional sales tax revenue that will be generated from new vehicle sales.

States that cashed in on a landmark $246 billion settlement with tobacco companies five years ago are spending little on programs to curb smoking – Standard operating procedure for our rulers. Claim a new tax or fee is for a special project or cause and then spend the money on whatever else they want to.

Ten most overpaid jobs in the U.S. – Any list of this kind is by definition very subjective.

Social Security Reform High on Political Agenda

Social Security Is an Election Year Issue – Which means there will be plenty of scare stories from the DemonRats and nothing done to improve the system.

Bush readies more tax breaks – Get ready for the diatribe about “tax cuts for the rich” who supposedly don’t need them, according to the DemonRats who believe only they know how to spend other people’s money.

Both sides looking ahead to tax vote in Oregon

Oasis No More? Internet users: Beware the MTC

The Grinch who robbed the Internet

Stephanopoulos Ignores Spending: “What Taxes Would You Raise?” – How that Clintonoid munchkin can be considered to be anything resembling a journalist shows just how deeply the leftist propagandada machinery has taken over most of the media in this country.

Reject tax-free Internet; Florida would take hit – The smell of money is bringing out the selfish side of lots of people.

The role of the government in making capitalism work.

Senate Panel Finds Abuses in Tax Shelter Sales

Schwarzenegger repeals car tax increase – You can’t get any faster in cutting taxes than this. Many of the reports on this on FoxNews claimed that this would immediately add over $4 billion dollars to the State’s budget deficit. That’s ridiculous. As I’ve pointed out over the past month, new car sales have dropped like a rock since Davis tripled the car tax. The lost sales tax revenue must have made the car tax revenue seem like a drop in the bucket. Why isn’t anyone reporting how much new sales tax revenue will start flowing to the State and counties now that Arnold has repealed the higher car tax?

Davis’ Pension: About $105,000 – Politics is one of the few professions where a person can be fired for gross incompetence and corruption, yet still retire handsomely at taxpayer expense.

Stop the Email Tax – Doing nothing to prevent taxes on Internet services is not an option.

Fewer workers make use of 401(k)s – Assuming the money is invested wisely, deferred comp plans are much better tax savings vehicles than IRAs.

Ask about Social Security – Don’t hold your breath waiting for any of our rulers, least of all the DemonRat presidential wannabes, to fix this disaster of a retirement plan.

Cattle Rushed to Market as the Price of Beef Soars – This is excellent news for cattle ranchers, including many of our clients and neighbors. Most people have no appreciation for how risky farming is. I can’t think of any other occupation that is so much at the mercy of elements completely out of one’s control, such as the weather and world commodity markets.

Iraq Has a Flat Tax. We Don’t. Why? – Good question.

Call for Increased Tax Shelter Penalties – Buying scam tax shelters should get people in trouble. There are plenty of easy common sense steps to reduce taxes, such as using C corps, that breaking the law can’t be condoned, even by someone as anti-tax as I am.

N.Y.C. is capital of taxes. State & local levies here highest in U.S. – It should be no surprise that the PRC is in second place.

More retirees still paying mortgages – This is actually a good thing. Owning a home free and clear, yet having no cash with which to play is not a good way for seniors to spend their golden years. They have no obligation of any kind to preserve all of their wealth for their kids and should be enjoying the fruits of their labors and investments while they are still alive.

Tax refunds expected to jump 27% – Those refund checks should give Bush a big boost in popularity and counter the DemonRats’ rants that the tax cuts need to be repealed.

Restraining federal spending – He agrees with my contention that term limits are required to prevent ever more of these unaccountable spending sprees.

Passing down wealth – It’s good to see that more people are spending their kids’ inheritances. That’s how I’ve always believed it should be.

Bush Is Said to Weigh Changes to the Tax Code – Exempting investment income from taxation makes perfect sense from a capitalist free market perspective. However, in the real world of “Hate the Rich” that is so pervasive in our society, it will be a very tough sell. The most likely scenario is an exemption just for those people whose income falls below some arbitrary level, as is done with dozens of other tax breaks.