The Business Word, Inc. thebusinessword (atty) yahoo.com bwikeys.jpg
 
 
Follow RealDonJohnson on Twitter
Home
Weblog
   

Links to Colorado Politicians

Governor
John Hickenlooper
Greg Brophy
Scott Gessler
Matthew Hess
Mike Kopp
Tom Tancredo
Steve House
US Senate
Michael Bennet
Mark Udall
Owen Hill
US House
Diana DeGette (CD 1)
Jared Polis (CD 2)
Scot Tipton (CD 3)
Cory Gardner (CD 4)
Doug Lamborn (CD 5)
Mike Coffman (CD 6)
Ed Perlmutter (CD 7)
Andrew Romanoff
Attorney General
John W. Suthers
Secretary of State
Scott Gessler
Treasurer
Walker Stapleton
Courts
Colorado Supreme Court
Colorado Senate
Senate GOP
Senate Democrats
Colorado House
House GOP
House Democrats

Articles by Donald E. L. Johnson

About Us
 
 Syndicate
  RSS 1.0
RSS 2.0
Atom
 
[Valid RSS] [Valid Atom]
 
Today is Thursday, August 21, 2014


Fiscal cliff: Would Obama tax hikes mean end of 47%, more pay taxes, end of GOP?

President Obama wants to kill the Republican Party by getting the House GOP to renege on its 20-year-old pledge to not raise taxes. There is a 25% to 35% chance he may get them to commit political suicide. If the House GOP caves on the fiscal cliff, a lot of economic conservatives will stay home in 2014. But there are some interesting questions about  the fiscal cliff and what would happen if we went over it next year.

1. Whose tax credits, tax loopholes, depreciation schedules, government contracts and government subsidies is Norquist protecting?
2. If we go over the cliff, what percent of working Americans will NOT pay income taxes? 47%, 35%, 30%, or what?
3. If we go over the cliff, wouldn't it advance future tax votes if more Americans had to pay the increased taxes and pressed Congress to NOT raise taxes again?
4. If defense is cut another $500 billion, what welfare programs, health benefits, retirement benefits and pork for contractors would be cut first?
5. What kind of security threat would it take to get Congress to reinstate most defense spending? Isn't the Middle East mess enough as it is?
6. Since the fiscal stimulus bill of 2009 and ObamaCare upped spending some $1 trillion over 10 years, maybe $2T, wouldn't it be easy to cut spending under sequestration?
7. If Sequestration made Obama stop picking energy winners and losers with his crony capitalism spending on his favored few ethanol and wind tower makeris, wouldn't we see revivals in petroleum exploration and coal? Wouldn't markets work?
8. With sequestration, would infrastructure spending increase and use up the increased tax revenues? Or would the need to pay down the debt, House refusals to spend on infrastructure unless defense spending was increased again cause more gridlock and help reduce all spending? 
9. While stock markets might drop 5% or so if we went over the cliff, would there be enough certainty for businesses to begin investing and hiring again as the economy recovered?

If we go over the cliff, I blame Obama more than the GOP. Obama Democrats are so greedy for political power that they'll do anything to win it, including putting lots of Americans out of work in the process. Obama Democrats are just like the Hostess union leaders who fund them.

The problem is that few trust or believe Obama Democrats or Republicans. That makes it hard to get anything done. The markets have to clear out the dead wood in a bunch of markets before there can be a recovery.

Posted by Donald E. L. Johnson on 11/24/12 at 09:51 AM
Congress 112thEconomyTaxes
Weblog Search

Advanced Search

  

Links
Political Bloggers
BallotPedia
Climate Depot
ColoradoPols
Colorado Statesman
Complete Colorado
Drudge Report
Free Colorado
InstaPundit
Mark Hillman
Mount Virtus
Open Regulatons
Outside the Beltway
Pew on the States
Politico
Power Line
Real Clear Politics
Rossputin
Slate
State Bill Colorado
TalkLeft (CO)
The New Republic
The Spot
The Weekly Standard
Town Hall

Government/Politics
Centers for Disease Control
Centers for Medicare & Medicaid
Colo. Fundraising Reports
Colorado General Assembly
Colorado Legislative Council
Federal Election Commission

Investing & Speculating
Ag Web
Agri News
Banking News
Bespoke Investment
Bill Cara
Business Week Magazine
Dividend Growth Investor
ETF Expert
Footnoted
Forbes Magazine
Free Money Finance
Real Clear Markets
Seeking Alpha
The Big Picture
Ticker Sense
TickerSpy
Wired Magazine

Health Care Blogs
Grunt Doc's Blog
Health Business Blog
The Health Care Blog
Healthcare Economist
Health Care Policy
Health Care Renewal
Medical Rants
Running a Hospital

Economics Bloggers & Data
American Economics Assn.
Calculated Risk
Committee for a Responsible Federal Budget
Cowen & Tabarrok
Econ Log
Economics Search Engine
Federal Reserve
Free Economic Data

Think Tanks
Alliance for Health Reform
American Enterprise Institute
Cato Institute
Commonwealth Fund
Galen Institute
Health System Change
Heritage Foundation
InterStudy Publications
Kaiser Family Foundation
Manhattan Institute
Medpac
National Center for Policy Analysis
New America Foundation
NIHCM Foundation
Pacific Research Institute
Rand Corp.
MacArthur Foundation
Robert Wood Johnson
State Coverage Initiatives
Urban Institute

Writers' Resources
Business & Media
CEOexpress
Content Bridges
Journalism Tips & Advice
Jeff Jarvis
The Journalist's Toolbox
Poynter.org
Ref Desk

Small Business
NFIB

Advertising, Marketing, PR
Avinash Kaushik
Build a Better Blog
Church of the Customer
Idea Lab
The Clip Report
Pharma Marketing
Search Engine Journal
Search Engine Watch Forums


 Business Word Archives