On-shore oil drilling in the United States is at its highest level since the Reagan administration in 1987, according to the Baker Hughes Rig Count – an industry tracking service. That same national boom is also occurring in Colorado, according to state officials, who point to a flurry of new drilling permits and active wells in Weld County.
A new Gallup poll finds, on average, Americans believe 51 cents out of every dollar the federal government spends is wasted, a new high since the question was first asked in 1979.
Warren Buffett, an icon of American super wealth, skewers the anti-tax political theocracy dominating Republican politics in a New York Times op-ed today. GOP justifications for refusing to raise taxes for billionaire Americans at a time of record deficits are preposterous, he writes, adding that taxes have never stopped wealthy people from investing. He points out that Clinton-era tax rates were clearly more effective in adding jobs than the slashed rates of the Bush years. He adds that most of the mega wealthy only pay taxes on investment income, whereas lower- and middle-class Americans pay payroll taxes, too. He says the game has been rigged in his favor by the country’s billionaire-friendly Congress and that the country’s fiscal policy is unethical and absurd.
It wasn’t enough for Doug Bruce to dedicate a large part of his life to reducing the taxes Coloradans pay. He apparently had to take it a step further and make his quest personal as well as professional.
As Tax Day looms, several recent reports serve as reminders that the wealthiest Americans give up far less of their income in taxes than the rest of the country.
In a story that should make Colorado Tea Partiers proud, it was revealed by The Daily Beast today that Colorado ranks 43rd in return on the dollar for federal taxes paid compared with benefits received.
Legally married gay couples this month will be filing joint tax returns to the IRS, pressing the federal government to again acknowledge that, by failing to recognize gay marriage, it routinely asks U.S. citizens to lie on their tax forms. “More people are refusing to lie on those forms even though the government is telling them to,” said Nadine Smith, director of gay rights group Equality Florida. Smith is gay and married and she says that she and her partner will not lie on their tax form this year. “It would be both dishonest and deeply humiliating to now disavow each other or our marriage and declare ourselves single,” she said.
The Washington Post reports that its most recent joint poll with ABC News found that nearly two-thirds of respondents support a combination of raising taxes and cutting federal spending in order to tackle the deficit.
Roughly since Obama took office, the Tea Party has led the charge in tying the president to higher taxes and job loss. Democrats have been utterly ineffective in making the case for two main facts of the Obama era, which…
Colorado Republican candidate for governor Scott McInnis and his staff have refused for weeks to discuss payments made to him for plagiarized water articles by the Hasan Family Foundation and why part of that money was diverted to Invest 2 corporation.
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