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Showing posts with label campaign promises. Show all posts
Showing posts with label campaign promises. Show all posts

Wednesday, March 31, 2010

Obama, who 'Excluded Lobbyists', has Appointed 50

http://www.washingtonexaminer.com/politics/Obama_-who-_excluded-lobbyists__-has-appointed-50-89531802.html

The appointment of the 50th lobbyist to a policymaking job by a president who claims he's "excluded" them.

It's important here to set the record straight about what a senator's "hold" is. A "hold" cannot prevent confirmation or even block a vote on confirmation -- that requires a 41-vote filibuster to block cloture or one-man filibuster right out of "Mr. Smith Goes to Washington." A "hold" is an objection to the unanimous-consent decree that would allow confirmation without debate.

So, most of Obama's recess nominations were not about circumventing a filibuster -- labor lawyer Craig Becker was the only one of the 15 who was being filibustered. The other 14 recess appointments were efforts to avoid debate and discussion. Obama says he just wants to get down to business. But given Obama's clear desire to portray his administration as lobbyist-free, it's also good politics to skip a public floor debate over four lobbyist appointees.

Tuesday, February 2, 2010

Backdoor Taxes to Hit Middle Class

http://ca.news.yahoo.com/s/reuters/100201/us/usreport_us_budget_backdoortaxes

The Obama administration's plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.

In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let
billions of dollars in tax breaks expire by the end of the year -- effectively a tax hike by stealth.

While the administration is focusing its proposal on eliminating tax breaks for individuals who earn $250,000 a year or more, middle-class families will face a slew of these backdoor increases.
The targeted tax provisions were enacted under the Bush administration's Economic Growth and Tax Relief Reconciliation Act of 2001. Among other things, the law lowered individual tax rates, slashed taxes on capital gains and dividends, and steadily scaled back the estate tax to zero in 2010.

If the provisions are allowed to expire on December 31, the top-tier personal income tax rate will rise to 39.6 percent from 35 percent.
But lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.

Investors will pay more on their earnings next year as well, with the tax on dividends jumping to 39.6 percent from 15 percent and the capital-gains tax increasing to 20 percent from 15 percent. The estate tax is eliminated this year, but it will return in 2011 -- though there has been talk about reinstating the death tax sooner.

Millions of middle-class households already may be facing higher taxes in 2010 because Congress has failed to extend tax breaks that expired on January 1, most notably a "patch" that limited the impact of the alternative minimum tax. The AMT, initially designed to prevent the very rich from avoiding income taxes, was never indexed for inflation. Now the tax is affecting millions of middle-income households, but lawmakers have been reluctant to repeal it because it has become a key source of revenue.

Without annual legislation to renew the patch this year, the AMT could affect an estimated 25 million taxpayers with incomes as low as $33,750 (or $45,000 for joint filers). Even if the patch is extended to last year's levels, the tax will hit American families that can hardly be considered wealthy -- the AMT exemption for 2009 was $46,700 for singles and $70,950 for married couples filing jointly.

Middle-class families also will find fewer tax breaks available to them in 2010 if other popular tax provisions are allowed to expire. Among them:

  • Taxpayers who itemize will lose the option to deduct state sales-tax payments instead of state and local income taxes;
  • The $250 teacher tax credit for classroom supplies;
  • The tax deduction for up to $4,000 of college tuition and expenses;
  • Individuals who don't itemize will no longer be able to increase their standard deduction by up to $1,000 for property taxes paid;
  • The first $2,400 of unemployment benefits are taxable, in 2009 that amount was tax-free.

Monday, February 1, 2010

State Department Admits No-Bid Contract 'Violates' Obama Campaign Pledges

http://www.foxnews.com/politics/2010/01/31/state-department-admits-bid-contract-violates-obama-campaign-pledges/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxnews%2Flatest+%28Text+-+Latest+Headlines%29

The recent awarding of a lucrative federal contract to a company owned by a financial contributor to the Obama presidential campaign -- without competitive bidding -- "violated" President Obama's many campaign pledges to crack down on the practice, a top State Department official told Fox News.

The contract in question, worth more than $24.6 million, was awarded on Jan. 4 by the U.S. Agency for International Development (USAID) to Checchi and Company Consulting, a Washington, D.C.-based firm owned by economist and Democratic Party donor Vincent Checchi. The deal called for Checchi's firm to train lawyers and judges in Afghanistan and thereby strengthen the "rule of law" in the war-torn country.

Crowley confirmed that the contract has been "terminated" because the circumstances under which it was awarded “violated the Competition in Contracting Act." Crowley said the contract was actually a renewal of a $44 million contract first awarded to Checchi and Company in October 2004 by the Bush administration -- after a competitive bidding process -- and will now be put out for competitive bids.

Sunday, August 2, 2009

SURPRISE! 2 Obama administration officials can't guarantee middle-class Americans won't see tax hike

http://finance.yahoo.com/news/2-Obama-officials-No-apf-2491158742.html?x=0&.v=7

"Cannot rule out higher taxes to help tame an exploding budget deficit"

I know a better way to tame an exploding budget deficit...STOP SPENDING MONEY!

Tuesday, May 26, 2009

Wednesday, April 1, 2009

Obama Tax Pledge up in Smoke

http://www.breitbart.com/article.php?id=D979POSG0&show_article=1

Ahh, campaign promises, they'll get you everytime! Does "read my lips" ring any bells?