Marriage-Penalty Reform Still Has Long Way to Go

ABC Pushes Liberal Spin: Top 5% Get More Than Half of Tax Cut – It would really only be news if the Anti-American Broadcasting Company did otherwise.

Tax-dodging companies feed at federal trough

This ain’t the last tax cut we’re gonna see – Let’s hope they can make it part of each year’s annual budget legislation to have some reduction in tax rates.  High taxes didn’t happen overnight, so gradual and permanent reduction will take some time to accomplish.

FRIST VOWS MORE TAX CUTS AHEAD

Bigger Than You Think. The tax cut is not necessarily half of the president�s original proposal.

Dividend Hunt May Backfire on Investors – They are just another part of the equation for evaluating investments.

More Companies Find It’s Better to Go Private.  Regulatory scrutiny and high costs of being in the public market are driving many firms to consider a way out. – While it may seem prestigious to have your company’s stock traded on the exchanges, it adds a ton of costs and issues to the management process that make it an entirely different ball game.  For example, with a normal closely held business, you only have to keep in good standing with the IRS and your State tax agency.  When you have outside investors, you assume massive fiduciary responsibilities towards each one of them, plus you are limited in what you can say and do to an entirely new level.   

GOP in the PRC hints at softer stance on taxes.  Some say increases might be OK if Democrats agree to curb future spending.

L.A. Times Defends High Taxes In PRC – Typical leftist drivel.  Just because some taxes may be higher in other locales, we have no right to complain here.  That kind of idiotic reasoning is used constantly to defend high gas taxes by comparing prices in the USA with what they pay in Europe.  

With Wall Street on Defensive, Claims Against Brokers Surge – Although I’m sure there were plenty of cases of churning and other abuses by stockbrokers, this trend of suing over losses just seems too much like the new tactic of suing casinos for gambling losses.  As I have always said, playing the stock market is exactly like trying your luck in casinos and anyone who believes winning is guaranteed is stupid enough to deserve an expensive lesson or two on life’s realities.

Minimum of Understanding.  Wage floors are stealth jobs killers.  – Anyone with even the most basic grasp of supply and demand concepts should understand that raising mandatory minimum wages will result in fewer people being hired.  

Our rulers in DC will still get plenty of our money.  We can spend our income tax savings on higher gas taxes when we fill up our vehicles.

Reaction to Tax Cut Follows Partisan Lines

For Many, Tax Cut Windfall Will Be Socked Away

More Explanations of New Tax  Law

From CNN

From CCH (pdf)

A tax cut of varied proportions

Modest Jolt in Economy Seen From Tax Cut

Bush Declares Tax Cuts Will Boost Economy

Frist Says Republicans Want To Make Bush’s Tax Cuts Permanent

Man could face three years in jail for bulldozing 300 oak trees on his own property – This kind of thing is a perfect example of why we left the PRC ten years ago.  Control over your own property isn’t allowed by the Left Coast rulers.  When we came here to the Ozarks and learned that property owners are allowed to do whatever they want with their property, the decision was easy.  For example, we have about 150 acres of forest (oaks and other kinds) on our property here.  We could cut, burn or bulldoze them all if we want to.  Of course, we wouldn’t do that; but it’s a good feeling knowing that we won’t be tossed into prison if we change our minds.  A foundation of capitalism and freedom is private ownership and control over property.  That’s not the case in the PRC.

Bush Lauds Congress for $330B in Tax Cuts

President Bush Praises Congress for Tax Cuts

Tax cut will help a bit � economists

With Tax Cut Bill Passed, Republicans Call for More & Permanent Cuts

Tax-cut bill adds up to a big win for Bush – And for everyone else in the country, except for the DemonRats who want to keep the economy in recession.

Congress Passes $350 Billion Tax Cut Bill – The fact that the cited cost of the tax cut bill varies from story to story doesn’t bother me because all such “costs” are completely bogus to start with.  Letting people keep more of their own money doesn’t cost the government anything. As happened after the Reagan cuts of 1981, the increased economic activity will actually result in more money flowing to DC.  Any deficits will be caused solely by reckless spending.  

Liberals misread the tax issue

Fiscal Conservatives Say Hurray for Tax Cut

GOP Mission Accomplished: Tax Relief

Fiscal Conservatives Say Hurray for Tax Cut

Bush accepts size of tax cut

Tax Cut Plan Cut in Half, But Dan Rather Still Calls it “Big” – Any tax cut is by definition too big and dangerous in the minds of the lefties. 

Yo-Yo Economics – These new cuts still have to be made permanent or else they will disappear in a few years, snapping us all back to the higher tax rates we had until now.

Most to Reap Benefits of Bill – Not just the evil rich. 

Bush Claims Tax Cut Victory as Congress Nears Final OK

Congress Passes $350 Billion Tax Package. Cheney Casts Deciding Vote in Close Senate Passage – There’s just something ironic about Cheney being the tie breaker of a large retroactive tax cut ten years after AlGore cast the tie breaker for the largest retroactive tax increase in 1993. 

Bush likes ‘little bitty’ tax cut

Bush Lauds Congress for Cutting Taxes

Bush retreat eased tax bill�s advance.  President, aides find compromise tax cut beats none at all

Taxpayers to get new round of cuts. $400-per-child refunds, less withholding among cuts

A Tax Cut Without End – This is a bad thing in the opinion of the New York Slimes.

Planned Tax Cut Called 3rd Biggest

Tax-Cut Scorecard.  It�s not all Bush asked for, but it will add materially to economic growth.

A Tax Cut Worth Cheering. It will boost the economy � and Bush.

Tax cut checks due in months

Breaks for almost everyone in tax bill

PREZ HAILS HIS BIG WIN ON TAX CUT

Bill Gates the Elder Is Still Spouting His Marxist rhetoric in support of wealth redistribution by the government  

Tax cut heads for final OK in Congress. Quick passage means bigger payday July 1