Tag Archives: Tim Geithner

Porkulus: Cash for Tax Cheats

And this is just the tip of the Cash for Tax Cheats iceberg. The GAO acknowledged in its report that “the estimated amount of known unpaid federal taxes we identified is likely understated” because of rampant underreporting of income and because the analysis did “not include Recovery Act contract and grant recipients who are noncompliant with or not subject to Recovery Act reporting requirements.” Continue reading

Posted in America's Freedoms, Cloward and Piven Strategy, Congress, Constitutional Responsibilities, Corruption in Government, Current Elections, Economic Security, Economic Terrorism, Elections Politics, Energy and Oil, Excessive Government Spending, Foreign Oil, Foreign Policy, Fuel Prices, Government, Government Regulations, International Monetary News, Jobs, Liberals Big Spending and Taxes, Manufactured Crisis, Media Corruption, National Debt, National Security, New Media News, Political Incompetence, Politics, Poll Numbers, POTUS Elibility Issue, Progressives pushing for Marxism/Socialism, Radical Liberal Progressive Left, Recovery, Redistribution of Wealth, Reject Socialism, Smaller Government, TEA Taxed Enough Already, Terrorism, The Economy, Undermining Constitution, UNION Corruption, VOTER FRAUD | Tagged , , , , , , , , , , , , , , | 1 Comment

The Liberal Tax Revolt: Is it a Game-Changer?

When Tim Geithner told me in a CNBC interview a few weeks ago about his 20-20 rule for the top tax rate on capital gains and dividends, I blogged that this was a good thing — in particular the story for dividend taxes, which could go to 39.6 percent. But no increase at all on investment taxes would be even better. Continue reading

Posted in America's Freedoms, Constitution, Corruption in Government, Elections Politics, New Media News, TEA Taxed Enough Already, The Economy | Tagged , , , , , , , , , , , , , , , , , , , | 2 Comments

ShoreBank Fiasco Reveals Rift on the Left

The Treasury is backing away from ShoreBank because of the mounting political and financial cost of supporting it. Schakowsky and other Illinois politicians are determined to save ShoreBank because of what might be revealed in an audit if it were allowed to fail. This is the classic pattern of failed hegemonic political movements, left or right: they fall apart not over differences of principle, but over the rapidly dwindling spoils of power. Continue reading

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