Category Archives: tax and spend
Paul Ryan's Plan to Tax You More
From Kevin Drum @ Mother Jones
Rep. Paul Ryan's tax and spending "roadmap" is a fascinating critter: conservatives all praise it to the skies but none of them want to actually commit to supporting it. The reason for their hesitation is obvious: Ryan's plan would cut spending dramatically, and supporting it would mean having to explain what, exactly, they'd cut. That would be electoral suicide and they know it. They much prefer their usual game of loudly denouncing "spending" without ever having to say what spending they're actually opposed to.
However, their reason for supporting Ryan's plan is also obvious: it would cut taxes on the rich dramatically, and there's nothing conservatives like better than cutting the tax bills of America's wealthy. But how much would it cut taxes on the rich? Citizens for Tax Justice has run the numbers and the answer is: a lot. The very richest of the rich would see their tax bills go down by an average of over $200,000, a whopping 15% of the income. Ka-ching! To make up for that, everyone with an income under $100,000 would have their taxes increased by about $2,000 per year.
It's a sweet deal for the rich. But even with all the tax increases on the middle class, Ryan's plan still raises less revenue than today's tax code. "It's difficult to design a tax plan that will lose $2 trillion over a decade even while requiring 90 percent of taxpayers to pay more," says CTJ acerbically. "But Congressman Ryan has met that daunting challenge." Details are in the table below, where you can find out how much more you'd have to pay under Ryan's plan. Enjoy.
Filed under House Republicans, Mother Jones, Rep. Paul Ryan, tax and spend
>Tax and Spend Middletown Republicans
>In response to a letter by Middletown Republican candidate Tony Fiore,I vehemently deny that it has been the township's school board that has been the source of pain for residents where it involves taxation.
In contrast, it is the Republican-controlled Middletown Committee that has played the role of tax-and-spend politicians in this community.
Firstly, Middletown's students regularly gain acceptance to first-rate academic institutions in this country.
However, where it involves taxation, I personally believe the school board has been nothing but thrifty in its approach.
State aid to suburban school districts has been frozen for five years and the school budget was impacted, like any other business or homeowner, by the rising costs of utilities, transportation and insurance.
In addition, nine consecutive budgets have passed since I have taken office, while only three failed that were cut. Bear in mind, those cuts impacted our students, but were made when necessary.
It has been the voters in Middletown that have approved the majority of these budgets because they want a high-quality education for their children. And, it takes at least five members of the board to adopt a budget for consideration by the voters in the first place.
Meanwhile, it has been the Middletown Committee that has bonded $85 million, refused to place fiscal controls or oversight in their budget, and even refused to establish a Budget Committee to oversee departmental spending. They voted to exceed their budget cap. Finally, it was the committee, for at least 20 years, that has used deferred school taxes to balance their budget. This year alone they added close to $56 million in deferred school tax liability to further burden our residents. Combined with the total amount bonded, this places Middletown's total debt at about $141 million.
Mr. Fiore is hardly the best source of information about taxation, or anything else, given the fact he has ran on an embellished, grammatically incorrect resume throughout this election cycle, and has done nothing to contribute any ideas about how to contain Middletown's out-of-control spending.
Patricia A. Walsh
Democrat for Township Committee
Filed under Democratic Candidate, Middletown, Middletown Republicans, Patricia Walsh, tax and spend, Tony"the fibber"Fiore
Tax and Spend Middletown Republicans
In response to a letter by Middletown Republican candidate Tony Fiore,I vehemently deny that it has been the township's school board that has been the source of pain for residents where it involves taxation.
MIDDLETOWN REPUBLICANS ARE THE ONES TAXING AND SPENDING
In response to a letter by Middletown Republican candidate Tony Fiore, which was printed on Oct. 15, I vehemently deny that it has been the township's school board that has been the source of pain for residents where it involves taxation.
However, where it involves taxation, I personally believe the school board has been nothing but thrifty in its approach. State aid to suburban school districts has been frozen for five years and the school budget was impacted, like any other business or homeowner, by the rising costs of utilities, transportation and insurance.
Middletown resident
Filed under Middletown Democrats, Middletown Republicans, Patricia Walsh, tax and spend, Tony"the fibber"Fiore