Tag Archives: Progressives

Joe Biden On Taxes: You Call It “Redistribution Of Wealth,” I Call It “Just Being Fair”

In part two of my exclusive interview, I asked the Vice President whether we can afford these tax cuts, given the country’s massive federal deficits. Biden’s view is that we can’t afford not to do them: “We can’t afford to leave the middle class behind,” he says. “These things matter to people who are struggling and they matter to people who have lost their jobs as well.”

There’s also the issue of whether these tax cuts, in conjunction with the health care reform bill signed last week, represent a redistribution of wealth in America, as many claim.

“It’s a simple proposition to us: Everyone is entitled to adequate medical health care,” Biden says. “If you call that a ‘redistribution of income’ — well, so be it. I don’t call it that. I call it just being fair — giving the middle class taxpayers an even break that the wealthy have been getting.”

The top quintile of Americans earned 55.7% of pretax income and paid 69.3% of federal taxes in 2006, according to the most recent CBO data. But the Vice President isn’t buying the idea that the wealthiest are already paying their fair share, noting the top 1% of earners get 22% of all income made in the U.S.

“Taxes have been lowered for the wealthy considerably over the years,” he says. “It’s about time we get a little tax equity here.”

Read the entire Article and Watch the Video Here:  Joe Biden On Taxes: You Call It “Redistribution Of Wealth,” I Call It “Just Being Fair”.

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Filed under "fairness", Barack Obama, Economics, Entitlements, Government Spending, Joe Biden, Redistribution of wealth, Socialism, Taxation, Welfare

The Tax Foundation – Basic Facts on Redistribution and the Impact of Obama’s Policies

Introduction

The debate over taxing high-income families to fund the expansion of health care coverage in America has renewed the broader question of government’s role in redistributing income through tax and spending policies. What is missing from this debate is some hard numbers on how much current tax and spending policies redistribute income from some Americans to others and how much the policies advocated by the Obama Administration will change the overall amount of redistribution.

The Tax Foundation’s “Fiscal Incidence” project has filled this void by first calculating how much current tax and spending policies are redistributing, then estimating how much President Obama’s policies—from taxes to health care to climate change—will alter that redistribution. Simply put, the Fiscal Incidence Model[1] compares the total amount of federal taxes families pay (such as income taxes, excise taxes, payroll taxes, etc.) to the total amount of government spending they receive (such as entitlement benefits, defense spending, public works, etc.).

How the Money Comes and Goes

We divide American families into ten equal groups by income level, and at the top end of the spectrum, we are able to break that 10 percent down into smaller groups. In general, as anyone would expect, families who earn more pay more in taxes than they receive in benefits while families who earn less receive more in federal spending than they pay in federal taxes. These individual results are then summed up into a national picture of how much tax and spending policies redistribute income from some American families to others.

READ THE REST OF THIS ARTICLE HERE:  The Tax Foundation – Basic Facts on Redistribution and the Impact of Obama’s Policies.

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Filed under Barack Obama, Big Government, Capitalism, Constitution, DEFICIT, Dollar, Economics, Entitlements, Government Spending, individual rights, IRS, Liberals, Limited Government, Lobbying, Medicaid, Medicare, Organized Labor, Progressives, Social Security, Socialism, Sovereign Debt, Stimulus, Taxation, TREASURY, United States of America, USA, Welfare

Bill introduced to repeal the 22nd Amendment, Remove term limits for President

There is legislation proposed in the house to repeal the 22nd Amendment.  This would remove the limitation on the number of terms an individual may serve as President.  This was proposed in January 2009, and was referred to committee in February 2009.  To date no action has been taken on this bill, but the fact that it is out there sitting in committee is FRIGHTENING.

For more on this see:

Obama to Challenge 22nd Amendment; Become King

HOPE and CHANGE: Move to Repeal Presidential Term Limits Started

See below.  Click on links for more information

H.J.RES.5
Title: Proposing an amendment to the Constitution of the United States to repeal the twenty-second article of amendment, thereby removing the limitation on the number of terms an individual may serve as President.
Sponsor: Rep Serrano, Jose E. [NY-16] (introduced 1/6/2009)      Cosponsors (None)
Latest Major Action: 2/9/2009 Referred to House subcommittee. Status: Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.


All Information (except text) Text of Legislation CRS Summary Major Congressional Actions

All Congressional Actions

All Congressional Actions with Amendments
With links to Congressional Record pages, votes,reports

Titles Cosponsors (None) Committees
Related Bills Amendments Related Committee Documents
CBO Cost Estimates Subjects

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Filed under 22nd Amendment, Barack Obama, Dictators, Hugo Chavez, Ideology, IMMIGRATION REFORM, individual rights, Liberals, Progressives, SCOTUS, USA

Obama in his OWN words: Health Care Plan will ELIMINATE Private Insurance

YouTube – SHOCK UNCOVERED: Obama IN HIS OWN WORDS saying His Health Care Plan will ELIMINATE private insurance.

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Filed under 10th Amendment, Barack Obama, Big Government, Entitlements, Government Spending, Healthcare Reform, individual rights, Liberals, Organized Labor, Progressives, United States of America

Is Healthcare a Right??

A great piece by Walter E. Williams in A MINORITY VIEW.

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Filed under Big Government, Capitalism, Economics, Entitlements, Government Spending, Governmental Agencies, Healthcare Reform, Ideology

‘No verse about “deeming” in Schoolhouse Rock’

THE FOLLOWING IS A GREAT OPINION PIECE FROM THE WASHINGTON EXAMINER.  I think the author, David Freddoso makes a GREAT POINT!

As a subtle rejoinder to those whining about health care and the filibuster as if it somehow overturns what we learned in civics class, Republican Study Committee Chairman Tom Price, R-Ga., sends a short e-mail on the so-called “Slaughter Solution,” by which House Democrats avoid a vote on health care and simply “deem” it passed in a House rule:

We’re pretty sure there’s no verse about “deeming” in Schoolhouse Rock. It begs the question: why vote on anything at all? Instead of going to the polls next November, Americans can just deem who will represent them in Congress.

UPDATE: The American Prospect’s Tapped blog offers up Democratic Party talking points defending this parliamentary trick.

via Update: ‘No verse about “deeming” in Schoolhouse Rock’ | Washington Examiner.

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Filed under Barack Obama, Big Government, Congress, Economics, Entitlements, Government Spending, Governmental Agencies, Healthcare Reform, Ideology, Liberals, Progressives, United States of America