Archive for the ‘Taxes’ Category

From the Howard Jarvis Taxpayers Association:

By Jon Coupal

While voters’ attention is being diverted to the three major statewide tax increase measures on the November ballot, Propositions 30, 38 and 39, many taxpayers are about to be hit below the belt by local politicians, who are just as anxious to get their hands on more cash as are their Sacramento brethren.

Michael Coleman, the creator of CaliforniaCityFinance.com, has tallied the number of local tax hike measures that will appear on the November 6 ballot. Voters will decide on 237 tax increases or extensions including 106 school bonds with a face value of $11.7 billion — about half of the eventual cost after interest is paid. Additionally, there are 25 measures to increase or extend school parcel taxes, property taxes that are placed on parcels of property without regard to the parcel’s value. Then there are another 106 non-school related revenue measures that include 23 parcel taxes, 35 sales tax increases or extensions, and 42 special taxes — those earmarked for a specific purpose. (more…)

From Speaker of the House, John Boehner:

Democrats have been “put in [a] tight spot” by their threats to tank our economy and harm our national security if they don’t get a small business tax hike. A new Ernst & Young study found President Obama’s plan threatens more than 700,000 American jobs – a frightening prospect for families after more than three years of failed ‘stimulus’ spending, excessive regulations, and unemployment above 8 percent. (more…)

From John Boehner, Speaker of the House:

Here’s one question President Obama should have to answer at his press conference this morning: how will raising taxes on small businesses create new jobs?

The unemployment rate has been higher than eight percent for 41 months – the longest streak since the Great Depression – and well above what was promised by the ‘stimulus’ spending binge. No wonder a new survey by The Hill found a majority of Americans believe President Obama has made things worse. (more…)