The Pronk Pops Show — Week in Review — August 26-31, 2017 — Videos

Posted on September 5, 2017. Filed under: Airplanes, American History, Articles, Autos, Banking, Blogroll, College, Communications, Documentary, Economics, Education, Elections, Family, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, Friends, government spending, history, Illegal, Immigration, Inflation, Internal Revenue Service (IRS), IRS, Law, Legal, liberty, Life, Links, Literacy, Love, Macroeconomics, media, Monetary Policy, Money, Newspapers, People, Philosophy, Photos, Politics, Press, Radio, Raymond Thomas Pronk, Speech, Success, Talk Radio, Tax Policy, Taxation, Taxes, Television, Trade, Transportation, Unemployment, Video, Water, Wealth, Weather, Welfare, Wisdom, Work, Writing | Tags: , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 956, August 31, 2017

Pronk Pops Show 955, August 30, 2017

Pronk Pops Show 954, August 29, 2017

Pronk Pops Show 953, August 28, 2017

Pronk Pops Show 952, August 25, 2017

Pronk Pops Show 951, August 24, 2017

Pronk Pops Show 950, August 23, 2017

Pronk Pops Show 949, August 22, 2017

Pronk Pops Show 948, August 21, 2017

Pronk Pops Show 947, August 16, 2017

Pronk Pops Show 946, August 15, 2017

Pronk Pops Show 945, August 14, 2017

Pronk Pops Show 944, August 10, 2017

Pronk Pops Show 943, August 9, 2017

Pronk Pops Show 942, August 8, 2017

Pronk Pops Show 941, August 7, 2017

Pronk Pops Show 940, August 3, 2017

Pronk Pops Show 939,  August 2, 2017

Pronk Pops Show 938, August 1, 2017

Pronk Pops Show 937, July 31, 2017

Pronk Pops Show 936, July 27, 2017

Pronk Pops Show 935, July 26, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 933, July 24, 2017

Pronk Pops Show 932, July 20, 2017

Pronk Pops Show 931, July 19, 2017

Pronk Pops Show 930, July 18, 2017

Pronk Pops Show 929, July 17, 2017

Pronk Pops Show 928, July 13, 2017

Pronk Pops Show 927, July 12, 2017

Pronk Pops Show 926, July 11, 2017

Pronk Pops Show 925, July 10, 2017

Pronk Pops Show 924, July 6, 2017

Pronk Pops Show 923, July 5, 2017

Pronk Pops Show 922, July 3, 2017

Pronk Pops Show 921, June 29, 2017

Pronk Pops Show 920, June 28, 2017

Pronk Pops Show 919, June 27, 2017

Pronk Pops Show 918, June 26, 2017

Pronk Pops Show 917, June 22, 2017

Pronk Pops Show 916, June 21, 2017

Pronk Pops Show 915, June 20, 2017

Pronk Pops Show 914, June 19, 2017

Pronk Pops Show 913, June 16, 2017

Pronk Pops Show 912, June 15, 2017

Pronk Pops Show 911, June 14, 2017

Pronk Pops Show 910, June 13, 2017

Pronk Pops Show 909, June 12, 2017

Pronk Pops Show 908, June 9, 2017

Pronk Pops Show 907, June 8, 2017

Pronk Pops Show 906, June 7, 2017

Pronk Pops Show 905, June 6, 2017

Pronk Pops Show 904, June 5, 2017

Pronk Pops Show 903, June 1, 2017

Pronk Pops Show 902, May 31, 2017

Pronk Pops Show 901, May 30, 2017

Pronk Pops Show 900, May 25, 2017

Pronk Pops Show 899, May 24, 2017

Pronk Pops Show 898, May 23, 2017

Pronk Pops Show 897, May 22, 2017

Pronk Pops Show 896, May 18, 2017

Pronk Pops Show 895, May 17, 2017

Pronk Pops Show 894, May 16, 2017

Pronk Pops Show 893, May 15, 2017

Pronk Pops Show 892, May 12, 2017

Pronk Pops Show 891, May 11, 2017

Pronk Pops Show 890, May 10, 2017

Pronk Pops Show 889, May 9, 2017

Pronk Pops Show 888, May 8, 2017

Pronk Pops Show 887, May 5, 2017

Pronk Pops Show 886, May 4, 2017

Pronk Pops Show 885, May 3, 2017

Pronk Pops Show 884, May 1, 2017

Image result for branco cartoons on trump tax reform

Image result for rainfall record in south Texas

 

The Pronk Pop Show 956

August 31, 2017

Part 2 of 2, Story 1: President Trump’s Tax Speech — Very Light On Specifics — Let Congress Fill in The Details — Formula For Failure — Tax Rate Cuts Are Not Fundamental Tax Reform — A Broad Based Consumption Tax Such as The FairTax or Fair Tax Less Not Even Mentioned — What Good Is Dreaming It If You don’t actually do it! — Videos —

For additional information and videos:

https://pronkpops.wordpress.com/2017/09/01/the-pronk-pops-show-956-august-31-2017-part-2-of-2-story-1-president-trumps-tax-speech-very-light-on-specifics-let-congress-fill-in-the-details-formula-for-failure-tax-rate-cuts-are/

September 03, 2017 02:30 PM PDT

The Pronk Pops Show 955

August 30, 2017

Part 1 of 2, Story 1: President Trump’s Tax Speech — Very Light On Specifics — Let Congress Fill in The Details — Formula For Failure — Tax Rate Cuts Are Not Fundamental Tax Reform — A Broad Based Consumption Tax Such as The FairTax or Fair Tax Less Not Even Mentioned — What Good Is Dreaming It If You don’t actually do it! — Videos —

Story 2: Revised Second Estimate of Real GDP Growth in Second Quarter of 2017 Is 3 Percent — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/08/31/the-pronk-pops-show-755-story-1-president-trumps-tax-speech-very-light-on-specifics-let-congress-fill-in-the-details-formula-for-failure-tax-rate-cuts-are-not-fundamental-tax-reform/

The Pronk Pops Show 954

August 30, 2017

Story 1: Houston Under Water — Rain In Houston Area Should End Tuesday With Record Rainfall Exceeding 50 Inches In Many Areas From Hurricane/Tropical Story Harvey — Flooding and Rescues Continue — Videos —

Story 2: 12 Oil Refineries in a Houston Closed Due To Flooding As Gasoline Prices Rise By 20 Cents or More Per Gallon — Video —

Story 3: President Trump and First Lady Visit Texas — Videos —

For additional information and videos:

https://pronkpops.wordpress.com/2017/08/30/the-pronk-pops-show-954-august-29-2017-story-1-houston-under-water-rain-in-houston-area-should-end-tuesday-with-record-rain-fall-exceeding-50-inches-in-many-areas-from-hurricanetropical-story/

August 30, 2017 06:53 PM PDT

The Pronk Pops Show 953

August 28, 2017

Story 1: The Aftermath of Hurricane Harvey — Catastrophic Unprecedented Massive Flooding — Bring A Boat — First Responders Searching and Rescuing Those Trapped In Homes By High Water Levels — Mopping Up After Hurricane Now Tropical Storm Harvey — Flooding Will Continue Into Wednesday — Public Health Emergency — Have you ever seen the rain? — Who Will Stop The Rain — Videos —

Story 2: President Trump Will Visit Texas Tuesday — Fortunate Son — Lookin’ Out My Back Door — Videos —

Story 3: Antifa (Anti-Capitalism) Communist Thugs Violently Attack Again In Berkeley — Where Were The Berkeley Police? Standing Down Once Again — Unmask and Arrest Communist Antifa Thugs —  Bad Moon Rising — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/08/28/the-pronk-pops-show-953-august-28-2017-story-1-the-aftermath-of-hurricane-harvey-catastrophic-unprecedented-massive-flooding-bring-a-boat-first-responders-searching-and-rescuing-those-t/

August 26, 2017 01:47 PM PDT

The Pronk Pops Show 952

August 25, 2017

Weather Warning — Part 2 of 2 —  Story 1: Hurricane Harvey Messes With Texas and Louisiana — Upgraded To Category 4 Hurricane — A Real Disaster — Up to 40 To 60 Inches of Rain Possible and Wind Speeds From 131 – 155 Miles Per Hour Winds — Flood Surges 13-18 Feet — Will Hit Friday Evening or Early Saturday Morning —  Damages Extreme — Rain For Next Four Days — Gas Prices Will Rise If Refineries Closed/Flooded — 20 Cent Plus Spike Per Gallon in Gasoline Prices — Videos

For additional information and videos:

https://pronkpops.wordpress.com/2017/08/25/the-pronk-pops-show-952-august-25-2017-weather-warning-part-2-of-2-story-1-hurricane-harvey-messes-with-texas-and-louisiana-upgraded-to-category-4-hurricane-a-real-disaster/

August 26, 2017 10:23 AM PDT

 

 

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All 2016 Republican Presidential Candidates Sign Loyalty Pledge To Support Republican Presidential Candidate in 2016 — Donald Trump Just Wanted Fairness — American People Want Trump To Support The FairTax — Grassroot Movements Change The World — Make America Great Again — Videos

Posted on September 8, 2015. Filed under: American History, Articles, Banking, Blogroll, Books, British History, Business, College, Communications, Congress, Constitution, Corruption, Economics, Education, Elections, Employment, European History, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, government, Health Care, history, History of Economic Thought, Illegal, Inflation, Internal Revenue Service (IRS), Investments, Law, Legal, liberty, Life, Links, Literacy, Macroeconomics, media, Microeconomics, Middle East, Monetary Policy, Money, Money, Newspapers, Non-Fiction, Obamacare, People, Philosophy, Police, Political Correctness, Politics, Press, Public Sector, Radio, Radio, Strategy, Tax Policy, Taxation, Taxes, Television, Trade Policiy, Unemployment, Unions, Video, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 526: September 3, 2015  

Pronk Pops Show 525: September 2, 2015 

Pronk Pops Show 524: August 31, 2015  

Pronk Pops Show 523: August 27, 2015  

Pronk Pops Show 522: August 26, 2015 

Pronk Pops Show 521: August 25, 2015 

Pronk Pops Show 520: August 24, 2015 

Pronk Pops Show 519: August 21, 2015 

Pronk Pops Show 518: August 20, 2015  

Pronk Pops Show 517: August 19, 2015 

Pronk Pops Show 516: August 18, 2015

Pronk Pops Show 515: August 17, 2015

Pronk Pops Show 514: August 14, 2015

Pronk Pops Show 513: August 13, 2015

Pronk Pops Show 512: August 12, 2015

Pronk Pops Show 511: August 11, 2015

Pronk Pops Show 510: August 10, 2015

Pronk Pops Show 509: July 24, 2015

Pronk Pops Show 508: July 20, 2015

Pronk Pops Show 507: July 17, 2015

Pronk Pops Show 506: July 16, 2015

Pronk Pops Show 505: July 15, 2015

Pronk Pops Show 504: July 14, 2015

Pronk Pops Show 503: July 13, 2015

Pronk Pops Show 502: July 10, 2015

Pronk Pops Show 501: July 9, 2015

Pronk Pops Show 500: July 8, 2015

Pronk Pops Show 499: July 6, 2015

Pronk Pops Show 498: July 2, 2015

Pronk Pops Show 497: July 1, 2015

Pronk Pops Show 496: June 30, 2015

Pronk Pops Show 495: June 29, 2015

Pronk Pops Show 494: June 26, 2015

Pronk Pops Show 493: June 25, 2015

Pronk Pops Show 492: June 24, 2015

Pronk Pops Show 491: June 23, 2015

Pronk Pops Show 490: June 22, 2015

Pronk Pops Show 489: June 19, 2015

Pronk Pops Show 488: June 18, 2015

Pronk Pops Show 487: June 17, 2015

Pronk Pops Show 486; June 16, 2015

Pronk Pops Show 485: June 15, 2015

Pronk Pops Show 484: June 12, 2015

Pronk Pops Show 483: June 11, 2015

Pronk Pops Show 482; June 10, 2015

Pronk Pops Show 481: June 9, 2015

Pronk Pops Show 480: June 8, 2015

Pronk Pops Show 479: June 5, 2015

Pronk Pops Show 478: June 4, 2015

Pronk Pops Show 477: June 3, 2015

Pronk Pops Show 476: June 2, 2015

Pronk Pops Show 475: June 1, 2015

Story 1: All 2016 Republican Presidential Candidates Sign Loyalty Pledge To Support Republican Presidential Candidate in 2016 — Donald Trump Just Wanted Fairness — American People Want Trump To Support The FairTax — Grassroot Movements Change The World — Make America Great Again — Videos

Election 2016 Presidential Polls

Thursday, September 3

Race/Topic   (Click to Sort) Poll Results Spread
2016 Republican Presidential Nomination Monmouth Trump 30, Carson 18, Bush 8, Cruz 8, Rubio 5, Walker 3, Fiorina 4, Huckabee 4, Kasich 2, Christie 2, Paul 2, Perry 1, Santorum 0, Jindal 0, Pataki 0 Trump +12

Wednesday, September 2

Iowa Republican Presidential Caucus Gravis Trump 32, Carson 16, Cruz 7, Walker 6, Fiorina 5, Bush 4, Rubio 6, Huckabee 3, Paul 1, Kasich 1, Jindal 5, Christie 2, Santorum 1, Perry 1, Graham 0 Trump +16

Donald Trump signs loyalty pledge with GOP

Donald Trump Signs Loyalty Pledge to GOP FULL Press Conference Sept. 3, 2015

Trump: Bush should speak English when in the U.S.

Donald Trump success story | Documentary | [Biography of famous people in english]

 fair_tax_bookthe_truth_fairtaxgood_evil_taxes

FairTax: Fire Up Our Economic Engine (Official HD)

The FairTax: It’s Time

What is the FairTax legislation?

Introducing the FairTax in the 114th Congress

Congressman Woodall Discusses the FairTax

Sen. Moran Discusses FairTax Legislation on U.S. Senate Floor

How does the FairTax affect the economy?

Freedom from the IRS! – FairTax Explained in Detail

Trump’s party loyalty pledge ends one GOP problem, brings others

September 3

Donald Trump on Thursday signed a loyalty pledge to the Republican Party — and, with that, the renegade candidate became a little less of a renegade and a party establishment unsure of what to do with the bedeviling front-runner brought him more fully into its embrace.

The document the GOP presidential front-runner signed promises that he will support the Republican nominee in next year’s general election, effectively ruling out a third-party or independent run.

“I will be totally pledging my allegiance to the Republican Party and the conservative principles for which it stands,” Trump said at an event at Trump Tower in New York, surrounded by backers holding “TRUMP” posters next to the skyscraper’s steep elevators. He held up the single sheet of paper with his name scribbled in thick black marker. “We will go out and fight hard, and we will win. We will win,” he said.

The bustling scene, attended by a crowd of reporters and television cameras, was more political theater than the marking of a formal pact, since Trump is under no legal obligation to abide by the political document.

But the promise, which Trump has long avoided making, does bring him closer to a party whose rank-and-file activists he has thrilled this summer and whose leadership has at times viewed his rapid ascent with alarm — especially the prospect of an outside bid that could siphon away votes from the eventual Republican standard-bearer.

By bringing Trump more fully within the party’s tent, Republicans gain reassurance about his intentions — and court possible fallout for working closely with the unpredictable and sharp-tongued billionaire, who has angered Hispanic leaders with his controversial comments on illegal immigration.

Trump made his announcement at an afternoon news conference after meeting with the loyalty statement’s author, Republican National Committee chairman Reince Priebus, whose relationship with the mogul has been cordial but delicate since Trump entered the 2016 race.

http://www.washingtonpost.com/politics/trump-to-sign-gop-pledge-commit-to-back-party-nominee/2015/09/03/c5d9ea7c-5242-11e5-9812-92d5948a40f8_story.html

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 526

Listen To Pronk Pops Podcast or Download Show 519-525

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Listen To Pronk Pops Podcast or Download Show 391-399

Listen To Pronk Pops Podcast or Download Show 383-390

Listen To Pronk Pops Podcast or Download Show 376-382

Listen To Pronk Pops Podcast or Download Show 369-375

Listen To Pronk Pops Podcast or Download Show 360-368

Listen To Pronk Pops Podcast or Download Show 354-359

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

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Listen To Pronk Pops Podcast or Download Show 296-306

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Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

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Trump Is Not A Conservative Nor A Liberal, But He Is An American Speaking And Advocating What The American People Are Demanding A New Direction For The Country and Make America Great Again Starting with Enforcing Immigration Law — Deal with It Political Elitist Establishment (PEEs) of Democratic and Republican Parties — Trump is Going To Win! — President Trump You Are Hired! — Videos

Posted on September 8, 2015. Filed under: American History, Banking, Blogroll, British History, Business, College, Communications, Congress, Constitution, Corruption, Crime, Culture, Education, Elections, Employment, Entertainment, Faith, Family, Federal Government Budget, Fiscal Policy, Foreign Policy, Fraud, Freedom, government, government spending, Health Care, history, History of Economic Thought, Illegal, Immigration, Inflation, Investments, Law, Legal, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Money, Movies, Non-Fiction, Obamacare, People, Philosophy, Photos, Politics, Radio, Radio, Rants, Raves, Strategy, Talk Radio, Tax Policy, Television, Television, Unemployment, Video, Wealth, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 525: September 2, 2015 

Pronk Pops Show 524: August 31, 2015  

Pronk Pops Show 523: August 27, 2015  

Pronk Pops Show 522: August 26, 2015 

Pronk Pops Show 521: August 25, 2015 

Pronk Pops Show 520: August 24, 2015 

Pronk Pops Show 519: August 21, 2015 

Pronk Pops Show 518: August 20, 2015  

Pronk Pops Show 517: August 19, 2015 

Pronk Pops Show 516: August 18, 2015

Pronk Pops Show 515: August 17, 2015

Pronk Pops Show 514: August 14, 2015

Pronk Pops Show 513: August 13, 2015

Pronk Pops Show 512: August 12, 2015

Pronk Pops Show 511: August 11, 2015

Pronk Pops Show 510: August 10, 2015

Pronk Pops Show 509: July 24, 2015

Pronk Pops Show 508: July 20, 2015

Pronk Pops Show 507: July 17, 2015

Pronk Pops Show 506: July 16, 2015

Pronk Pops Show 505: July 15, 2015

Pronk Pops Show 504: July 14, 2015

Pronk Pops Show 503: July 13, 2015

Pronk Pops Show 502: July 10, 2015

Pronk Pops Show 501: July 9, 2015

Pronk Pops Show 500: July 8, 2015

Pronk Pops Show 499: July 6, 2015

Pronk Pops Show 498: July 2, 2015

Pronk Pops Show 497: July 1, 2015

Pronk Pops Show 496: June 30, 2015

Pronk Pops Show 495: June 29, 2015

Pronk Pops Show 494: June 26, 2015

Pronk Pops Show 493: June 25, 2015

Pronk Pops Show 492: June 24, 2015

Pronk Pops Show 491: June 23, 2015

Pronk Pops Show 490: June 22, 2015

Pronk Pops Show 489: June 19, 2015

Pronk Pops Show 488: June 18, 2015

Pronk Pops Show 487: June 17, 2015

Pronk Pops Show 486; June 16, 2015

Pronk Pops Show 485: June 15, 2015

Pronk Pops Show 484: June 12, 2015

Pronk Pops Show 483: June 11, 2015

Pronk Pops Show 482; June 10, 2015

Pronk Pops Show 481: June 9, 2015

Pronk Pops Show 480: June 8, 2015

Pronk Pops Show 479: June 5, 2015

Pronk Pops Show 478: June 4, 2015

Pronk Pops Show 477: June 3, 2015

Pronk Pops Show 476: June 2, 2015

Pronk Pops Show 475: June 1, 2015

Story 1: Trump Is Not A Conservative Nor A Liberal, But He Is An American Speaking And Advocating What The American People Are Demanding A New Direction For The Country and Make America Great Again Starting with Enforcing Immigration Law — Deal with It Political Elitist Establishment (PEEs) of Democratic and Republican Parties — Trump is Going To Win! — President Trump You Are Hired! — Videos

trump-cover-finaltimecovertrumppresident2012

trump cover 2

make america great again

 embroidered-donald-trump-hat-make-america-great-again-1

Donald Trump Gives Wildly Entertaining Speech in Nashville, TN (8-29-15)

Highlights of Donald Trump’s wildly entertaining speech in Nashville, TN at the 2015 NFRA Presidential Preference Convention, which took place on August 29, 2015.

Donald Trump: I was a Democrat

Donald Trump: Simplify the Tax Code

Donald Trump on Taxes – I Believe the Rich Should Pay More – Fox News – Hannity

Is Donald Trump serious about tax reform?

Is Donald Trump Serious About Tax Reform?

Would Trump’s tax plan jump start the US economy?

fair_tax_bookthe_truth_fairtaxgood_evil_taxes

FairTax: Fire Up Our Economic Engine (Official HD)

The FairTax: It’s Time

Congressman Woodall Discusses the FairTax

Sen. Moran Discusses FairTax Legislation on U.S. Senate Floor

What is the FairTax legislation?

How does the FairTax affect the economy?

Is the FairTax truly progressive?

How does the “prebate” work?

Is it fair for rich people to get the same prebate as poor people?

How does the FairTax impact the middle class?

How does the FairTax impact savings?

What is the impact of the FairTax on business?

Will the FairTax lead to a massive underground economy?

Are any significant economies funded by a sales tax?

How is the FairTax collected?

Why is the FairTax better than a flat income tax?

How does the FairTax affect compliance costs?

How does the FairTax rate compare to today’s?

Will the FairTax hurt home ownership with no mortgage interest deduction?

How does the FairTax impact charitable giving?

Isn’t it a stretch to say the IRS will go away?

Freedom from the IRS! – FairTax Explained in Detail

Donald Trump and Ann Coulter Hold Rally in Iowa (FULL)

Mr. Trump’s 757

Hitler reacts to Donald Trump’s presidential bid

Ann Coulter Flips Out on Hannity Over Immigration: You’re ‘Like A Liberal Making A Silly Argument!’

Ann Coulter Introduces Donald Trump at Iowa Speech, 2016 Presidential Campaign Rally 8 25

Victor Davis Hanson: War in the Post Modern World – why the new laws of conflict are surreal

What Makes Donald Run?

by VICTOR DAVIS HANSON September 1, 2015

He’s giving fed-up Republicans something other candidates are not.

Donald Trump has at least three things going for him. One, the mood of the country remains foul and fed-up — and volatile to the point that conventional wisdom is hardly reliable. Two, Trump has turned invective and narcissism into an art form, and his simplistic putdowns seem to garner ever more attention even as they become more monotonous and banal — largely because they are directed at a despised media elite. Three, the Democratic party is in worse shape than the Republican party. Apparently Trump’s attacks can still safely be savored as long as the Democrats are imploding.

Trump’s successes have come about not because of a brilliant new Contract with America or because he is reassuringly conservative on the issues. His diehard supporters — and even those who would never confess that they derive a perverse and stealthy delight from watching him put down the New York/Washington political and journalistic elite — don’t care that just in the last decade he has flipped on all the issues. They apparently ignore the fact that Trump is often self-contradictory, as he wings his way through endless interviews and blustery press conferences.

What fuels his candidacy is attitude — in particular, disdain for those who undeservedly believe they warrant deference. Behind the bombast and the waving hands, he gives the impression of having contempt for the ruling class, of which he is so intimately a part. He winks at us as if to say, “I hang out with these people, and, trust me, they are even worse than you suspect.” His voice has the brash accents of the New York sidewalk, rather than a passive-aggressive Ivy League modulation. His narcissism is unlike Barack Obama’s serious sort (e.g., “I think that I’m a better speechwriter than my speechwriters. I know more about policies on any particular issue than my policy directors. And I’ll tell you right now that I’m gonna think I’m a better political director than my political director”). Indeed, Trump’s egotism is a caricature of narcissism itself, in which the only adjectives are superlatives and the only measure of being “great” and “a winner” is net worth or celebrity. Yet somehow TRUMP plastered over everything does not bother people as much as Barack Obama’s faux-Greek columns, Latinate mottos, and promises to cool the cosmos.

After nearly seven years of Obama, the public is worn out by sanctimoniousness — by all the Professor Gates/Trayvon Martin/Ferguson lectures on race by an abject racialist, by all the sermons on climate change by a global jet-setter, by all the community-organizing banality by one who always has preferred the private school and the tony neighborhood, by all the us-versus-the-1-percent warfare by one who feels at home on the golf course only with celebrities and stock hounds. Given all that, the Republican base, at least for a few more weeks, wants someone to be unapologetically unacceptable — both to the liberal establishment that Obama ushered in, and to the wink-and-nod elite Republican opposition.

It is said that Trump appeals most to the pissed-off white man of yesteryear. Perhaps. But in the age of a multiracial United States it is more proper to say than he appeals to the infuriated targets of elite disdain, people who are tired of Democratic slurs about “tired old white men” — as the exempt white and (most of them) old Sanders, Biden, O’Malley, and Webb wait for a mature white woman to fade, while hoping that other old white men like Kerry, Gore, and Brown don’t wade in.

Trumpers are tired of a Republican establishment warning them — even if presciently so — that enforcement of federal immigration law is impossible because of the Latino vote, that even demanding a simple ID at the polling place may alienate the black vote, that stopping federal funding to the grotesque Planned Parenthood will lose the female vote, and that not rushing in to sanctify gay marriage will turn off gay voters. Rank-and-file Republicans are worn out from being lectured that no one can win without the Latino vote (10 percent of the electorate), the black vote (12 percent), and the Asian vote (5 percent ) — all on the premise that to speak in similar terms about getting a large chunk of the white vote (70 percent ) would be somehow racist. There is something Ajaxian, then — something of the Charge of the Light Brigade or the last scene in Breaker Morant — inherent in the Trump call to make America great again.

Telejournalists recycle the trite wisdom that with today’s electorate Trump must lose because he will not garner x percentages of y racial-block voters. They don’t have a clue that the Democratic party — in its worst shape since the 1920s — is in danger of nullifying such racial calculations by creating a white voting block not seen in the modern era. If it is true that Trump probably cannot win unless he takes somewhere around 62 percent of the white vote (depending on the particular state), it is also true that the next Democrat probably cannot win without 40 percent of it. Any of the Democrats is just as much in danger of not reaching 40 percent as Trump is of not reaching 62 percent.

Trump’s trademark is venom directed against the “elite.” But is not Trump a member of the elite himself? Yes, but that is the point. The public has less problem with the brash, take-no-prisoners plutocrat than with the current feuding Hatfields and McCoys of the Ivy League–trained stable, the Medici-like intermarriages between D.C./New York politicians and journalists, and the hip world of the metrosexual that serves up our entertainment and news.

So a public far larger than just the Tea Party was ready for a populist grandstander. And Trump so far has managed to make real outliers — non-establishment political mavericks like Marco Rubio, Rand Paul, Scott Walker, and Chris Christie, who were the choices of the Tea Party movements just a fortnight ago — look like Eric Cantor/Mitch McConnell company men. That such gifted conservative politicos are considered functionaries is abjectly unfair, but it is nonetheless the jaded perception so far of much of the Republican electorate.

Trump sized up a favorable landscape in 2015–16, and he grasped that the dissatisfaction arose from more than Obama’s profligate borrowing, amnesties, no-growth economic policies, lead-from-behind and reset foreign policies, and hands-up-don’t-shoot racial posturing. The populist furor was also fueled by style. Voters are tired of the DNA of professional politicians, the 24/7 politically correct equivocation, the “I take full responsibility” media pseudo-apology, and the Pajama Boy nasal snarkiness.

Trump has had the skills to turn the primary campaign so far into a war of raw emotion. He channels General George S. Patton — who practiced his facial expressions in front of the mirror and whose line about preferring to kill rather than die for your country Trump recalibrated in his tasteless attack on John McCain. Trump understands that an army really does not march just on its stomach, but is fueled by its emotions.

Recently I asked three quite different Americans — who, on ordinary calculations, should not like Trump — what they thought of him. The first s a local Mexican-American barber. He could offer no logical rationale for his enjoyment of the Trump candidacy other than that Trump is a “jefe” — a big man who gets things done by any means necessary, a crew boss to the world. I sensed that there was also an embarrassed weariness with illegal immigration.

We talk of Latino voters as hating Trump, and some may. But some Latinos are at Ground Zero of illegal immigration. Whereas their elite leaders see profit in millions of Mexicans trekking into the United States, the less well connected see only their local emergency rooms overwhelmed, their jails full, their social services breaking under the influx, and their schools turned into remediation in both English and Spanish.

Another person I quizzed about Trump is a seasoned, though cynical, PhD. His take? Trump is Maximus, and the primary campaign is his arena: We are all thumbs-up/thumbs-down spectators who enjoy the blood sport.

This man plans to jump ship, but not until Trump’s ship is capsizing and there is a nice raft alongside.

The third is a middle-aged professional woman, nominally a Democrat, whose attitude can be summed up as “touché.” The reactive Trump is quite savvy in his selected feuds with supposed untouchables, whom the public occasionally would like to see touched. John McCain started that attacks on Trump, and previously had waved the bloody shirt a bit too much; Megyn Kelly is a bit more than a fine professional journalist and capable legal scholar, at least in the way she dresses and preps for the camera; and Jorge Ramos is a hipper version of an obnoxious Howard Dean, snickering and bloviating ad nauseam. Trump, then, is leveling the playing field for the exhausted TV viewer. His welcome attacks turn our attention away from his own considerable liabilities — as long as he can continue to select objects and methodologies of attack that entertain.

All the above is no reason to become enthusiastic about Trump, but no reason to turn him off quite yet either.

Then there is Trump himself. Any businessman who can become or even remain a billionaire in today’s climate in any field other than banking, trading, or insuring is necessarily talented. Most stars cannot sustain a TV reality show for more than a year or two, much less 14 — proof that Trump has both acting talent and entertainment savvy. It is easy to mock Trump’s hair and sprayed-on tan, but at 69 he seems healthier and more robust to the eye than many who are ten years younger. We forget his age: If he were elected in 2016, he would be the oldest president to be inaugurated and the first since Dwight Eisenhower (whose prior politics likewise were murky) to be elected to the presidency without having held political office before. The supposedly far more seasoned, and slightly younger, Hillary Clinton in comparison comes across as inept, crabby, sarcastic, and a decade older. In other words, in terms of the political assets of our wired age — money, media savvy, celebrity, showmanship, looks, and vigor — Trump is a fit for the times.

For a few weeks longer, Republicans can safely enjoy Trump even as pundits and politicos gnash their teeth in terror that his no-brakes locomotive has too much momentum to be sidetracked. But remember that, so far, the front-running Trump is not fearing an indictment, avoiding reporters, calling his political rivals terrorists, or evoking the Holocaust through references to boxcars — and the alternatives, like Rubio, Walker, Carson, Fiorina, and Kasich, are not socialists unregistered in the Republican party. Mitt Romney, John McCain, and Bob Dole are not waiting in the wings. So Trump can snort and rampage through the china shop, because much of the merchandise is still tottering on the shelf. In the Democrats’ case, the shards are already on the floor.

If Trump brings catharsis for the smoldering anger of the base, if the other candidates appropriate some of Trump’s slash-and-burn style but accompany it with a coherent agenda, if Trump gratuitously slurs yet another race/class/gender icon and confirms he is more a bully than a truth-teller, and if Hillary’s legal problems disappear, then Trump may go back to The Apprentice. But for a while longer that still seems a lot of ifs.

— NRO contributor Victor Davis Hanson is a senior fellow at the Hoover Institution and the author, most recently, of The Savior Generals.

http://www.nationalreview.com/article/423325/what-makes-donald-run

GOP circulates loyalty pledge to box Trump in

The move is viewed as an attempt to force the front-runner’s hand after his refusal to rule out a third-party bid.

The GOP is taking its most aggressive step yet to force Donald Trump’s hand.

The Republican National Committee on Wednesday privately reached out to GOP presidential candidates to ask whether they’d be willing to sign a pledge stating they would not run as an independent candidate in the event they fail to win the Republican nomination in 2016.

The move is an implicit challenge to Trump, who pointedly refused to rule out a third-party run during the first GOP debate. He was the only candidate who declined.

The language of the draft pledge speaks directly to the issue vexing Republicans – the possibility that the billionaire could choose to wage a third party bid if he fails to win the GOP nomination, a prospect that could seriously damage the GOP’s prospects of reclaiming the White House. Tapping into deep anti-establishment animosity among the conservative grassroots, Trump has surged to the lead of the deepest presidential field in recent memory. If Trump were to pull just a fraction of the vote as an independent, write-in or third party candidate, it could be enough to sink the eventual Republican nominee.

“I [name] affirm that if I do not win the 2016 Republican nomination for president of the United States I will endorse the 2016 Republican presidential nominee regardless of who it is,” the pledge reads. “I further pledge that I will not seek to run as an independent or write-in candidate nor will I seek or accept the nomination for president of any other party.”

At least two campaigns reported Wednesday that they received a call from Katie Walsh, RNC chief of staff, asking if they would be willing to sign such a pledge.

An RNC spokeswoman, Allison Moore, declined to comment. The Trump campaign did not respond to a request for comment.

Trump and RNC chairman Reince Priebus are slated to meet in New York City on Thursday, a Trump spokeswoman confirmed. The two are also expected to appear at a press conference.

The relationship between the RNC and Trump has been fraught with tension since Trump joined the race this summer. Trump’s incendiary remarks about Mexicans and immigration have alarmed top Republicans who fear it will further alienate the fast-growing demographic and embarrass the party, leading Priebus to reach out to the billionaire in an attempt to convince him to tone down his rhetoric. But Trump turned the tables on Priebus and gave a contradictory account, insisting that the RNC chairman merely acknowledged that he had “hit a nerve” with the electorate.

Since then, with the billionaire mogul dominating the race for the party’s nomination, Republicans have taken a wary approach. Priebus virtually went dark on Trump following the real estate mogul’s pushback, declining to further fuel the discussion with public remarks. (Scheduled to make a post-debate appearance on CBS Face the Nation, Priebus abruptly pulled out after it became clear that the story of the weekend was Trump’s diatribe against Fox News anchor Megyn Kelly.)

At first, the only candidates willing to confront Trump in a concerted fashion were those who did so out of a desperate need to remain relevant – the class of Trump antagonists largely consisted of the candidates struggling to make it into the Aug. 6 primetime debate. Since then, though, as rival campaigns became more convinced that Trump’s candidacy was more than a passing comet and destined to last through the early-voting states, more candidates have shown a willingness to criticize him.

In recent days, Jeb Bush has tangled frequently with Trump, responding to the businessman’s harsh attacks on him.

Other elements of the Republican Party have reckoned with Trump’s candidacy through ballot access requirements also designed to force Trump to play by party rules. GOP leaders in Virginia and North Carolina discussed implementing a new requirement for candidates to qualify for their primary ballots: that they pledge to support the Republican presidential nominee — and not run as a third-party candidate — in the general election.

Last week, the South Carolina Republican Party announced that candidates who want to qualify for the state’s primary ballot must sign a loyalty oath by Sept. 30. Candidates were asked to state that they “generally believe in and intend to support the nominees and platform of the Republican Party in the November 8, 2016 general election.”

Trump has said that he is still weighing whether to agree to the South Carolina pledge.

http://www.politico.com/story/2015/09/republican-national-committee-2016-campaign-pledge-213283#ixzz3kdM7bWo2

The Pronk Pops Show Podcasts Portfolio

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Conservatives Cheer Cruz Candidacy — Faith, Family, Friends, Freedom ~ First — Videos

Posted on March 24, 2015. Filed under: American History, Blogroll, Business, College, Communications, Computers, Constitution, Coptic Christian, Corruption, Documentary, Economics, Education, Employment, Energy, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government, government spending, Health Care, history, Illegal, Immigration, Inflation, Investments, IRS, Islam, Language, Law, Legal, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, Music, Nuclear, Nuclear Power, Obamacare, Oil, People, Philosophy, Photos, Politics, Press, Psychology, Radio, Rants, Raves, Religion, Security, Shite, Strategy, Sunni, Talk Radio, Tax Policy, Taxes, Technology, Terrorism, Unemployment, Video, War, Wealth, Weapons, Weapons of Mass Destruction, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 432: March 23, 2015

Pronk Pops Show 431: March 20, 2015

Pronk Pops Show 430: March 19, 2015

Pronk Pops Show 429: March 18, 2015

Pronk Pops Show 428: March 17, 2015 

Pronk Pops Show 427: March 16, 2015

Pronk Pops Show 426: March 6, 2015

Pronk Pops Show 425: March 4, 2015

Pronk Pops Show 424: March 2, 2015

Pronk Pops Show 423: February 26, 2015

Pronk Pops Show 422: February 25, 2015 

Pronk Pops Show 421: February 20, 2015

Pronk Pops Show 420: February 19, 2015

Pronk Pops Show 419: February 18, 2015

Pronk Pops Show 418: February 16, 2015

Pronk Pops Show 417: February 13, 2015

Pronk Pops Show 416: February 12, 2015

Pronk Pops Show 415: February 11, 2015

Pronk Pops Show 414: February 10, 2015

Pronk Pops Show 413: February 9, 2015

Pronk Pops Show 412: February 6, 2015

Pronk Pops Show 411: February 5, 2015

Pronk Pops Show 410: February 4, 2015

Pronk Pops Show 409: February 3, 2015

Pronk Pops Show 408: February 2, 2015

Pronk Pops Show 407: January 30, 2015

Pronk Pops Show 406: January 29, 2015

Pronk Pops Show 405: January 28, 2015

Pronk Pops Show 404: January 27, 2015

Pronk Pops Show 403: January 26, 2015

Pronk Pops Show 402: January 23, 2015

Pronk Pops Show 401: January 22, 2015

Pronk Pops Show 400: January 21, 2015

Pronk Pops Show 399: January 16, 2015

Pronk Pops Show 398: January 15, 2015

Pronk Pops Show 397: January 14, 2015

Pronk Pops Show 396: January 13, 2015

Pronk Pops Show 395: January 12, 2015

Pronk Pops Show 394: January 7, 2015

Pronk Pops Show 393: January 5, 2015

Pronk Pops Show 392: December 19, 2014

Pronk Pops Show 391: December 18, 2014

Pronk Pops Show 390: December 17, 2014

Pronk Pops Show 389: December 16, 2014

Pronk Pops Show 388: December 15, 2014

Pronk Pops Show 387: December 12, 2014

Pronk Pops Show 386: December 11, 2014

Pronk Pops Show 385: December 9, 2014

Pronk Pops Show 384: December 8, 2014

Pronk Pops Show 383: December 5, 2014

Pronk Pops Show 382: December 4, 2014

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Story 1: Conservatives Cheer Cruz Candidacy — Faith, Family, Friends, Freedom ~ First — Videos

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2016 Republican Presidential Nomination

Polling Data

Poll Date Bush Walker Carson Huckabee Paul Christie Rubio Cruz Perry Jindal Santorum Kasich Spread
RCP Average 1/25 – 3/15 16.6 16.6 10.6 10.2 8.4 6.4 5.0 4.6 3.0 2.0 1.8 1.7 Tie
CNN/ORC 3/13 – 3/15 16 13 9 10 12 7 7 4 4 1 1 2 Bush +3
McClatchy/Marist 3/1 – 3/4 19 18 9 10 7 6 5 4 3 2 Bush +1
Quinnipiac 2/26 – 3/2 16 18 7 8 6 8 5 6 1 2 2 1 Walker +2
PPP (D) 2/20 – 2/22 17 25 18 10 4 5 3 5 3 Walker +7
FOX News 1/25 – 1/27 15 9 10 13 13 6 5 4 4 3 2 2 Bush +2

All 2016 Republican Presidential Nomination Polling Data

fox-cpac-straw-poll

CPAC2015

• Presidential Candidate Ted Cruz • One-On-One • Hannity • 3/23/15 •

Ted Cruz announces presidential bid at Liberty University

Ted Cruz Liberty University FULL SPEECH Ted Cruz Announces He’s Running For President 2016

Senator Ted Cruz of Texas on Monday formally announced his candidacy for the 2016 Republican presidential nomination, promising a campaign that would be about “re-igniting the promise of America.” Ted Cruz Becomes First Major Candidate to Announce Presidential Bid for 2016. Ted Cruz Opens 2016 As the Election’s Self-Declared Conservative Champion
The Texas senator and presidential candidate kicked off his “The power of the American people as we stand up and fight for liberty knows no bounds,” Mr. Cruz said during a speech at Liberty University in Lynchburg, Va., in which he talked at length about his family and his faith as he laid out a case for his candidacy.
imagine you compiled a list of all the things Cruz asked his young audience to “imagine” being fulfilled through his presidency: “…millions of courageous conservatives rising up to say in unison, ‘we demand our liberty.’” “…millions of people in faith all across America coming out to the polls and voting our values.” “…millions of young people standing together saying ‘We will stand for liberty.’” “…booming economic growth” “…record number of small businesses” “…young people coming out of college with four, five, six job offers” (lulz) “…innovation thriving on the internet as government regulators and tax collectors are kept at bay.” “…America finally becoming energy self-sufficient.” “…a new president signing legislation repealing every word of Obamacare.” “…health care reform that keeps government out of the way of your and your doctor.” “…a simple flat tax.” “…abolishing the IRS.” “…a president that finally, finally, finally secures the borders.” “…a legal immigration that welcomes and celebrates those who come to achieve the America dream.” “…a federal government that stands for the First Amendment rights of every American.” “…a federal government that works to defend the sanctity of life and to uphold the sacrament of marriage.” “…a federal government that fights to keep the right to bear arms.” “…a federal government that protected the privacy rights of every American.” “…repealing every word of Common Core.” “…embracing school choice as the civil rights issue of the next generation.” “…a president who stands unapologetically with the nation of Israel.” “…a president who says I will honor the Constitution and under no circumstances will Iran be allowed to acquire a nuclear weapon.” “…a president who says we will stand up and defeat radical Islamic terrorism.” “…it’s 1775.” “…it’s 1777.” “…it’s 1943.” “…it’s 1979.”
Drawing on a stump speech he has developed in recent months, Mr. Cruz struck a tone of defiance and appealed to conservatives to “imagine a president” who would repeal the Affordable Care Act, abolish the Internal Revenue Service, secure the border and forbid same-sex marriage.

His criticism of President Obama also extended to foreign policy, where he denounced the administration’s positions on Israel, Iran’s nuclear program and Islamic extremism.

Related Coverage Mr. Cruz made his case to a gathering of conservative activists at an annual gathering in February. Ted Cruz’s Path to the Presidency MARCH 23, 2015 Senator Ted Cruz brought his daughters, Catherine, 4, right, and Caroline, 6, on stage at Liberty University on Sunday during a walk-through for his speech Monday, when he will start his presidential campaign. Road to 2016: Why Ted Cruz Is Such a Long Sho tMARCH 23, 2015 Senator Ted Cruz at a rehearsal on Sunday for his formal campaign announcement at Liberty University in Lynchburg, Va. Things You May Not Know About Ted Cruz MARCH 23, 2015 Senator Ted Cruz is the first Republican to officially enter the presidential race. Ted Cruz Hopes Early Campaign Entry Will Focus Voters’ Attention

Cruz launches 2016 presidential campaign with fiery speech Fox News Video

Senator Ted Cruz Announces Running For U.S. President in 2016 ‘Imagine’ Full Speech (VIDEO)

Sen. Cruz: Obama Counterfeiting Immigration Documents – 2/17/2015

Ted Cruz’ solution to Obama’s illegal actions on immigration

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Sen. Ted Cruz Speaks on the Senate Floor in Opposition to the Gang of Eight’s Immigration Bill

Sen Ted Cruz Wants to DOUBLE Immigration

Laura Ingraham is “pretty sure” Ted Cruz is eligible to be President

Immigration by the Numbers — Off the Charts

Sen. Cruz Amendment to Immigration Legislation to Increase H-1B Visas

Ted Cruz announces candidacy for President in 2016

Analyzing Sen. Ted Cruz’s first speech after announcing 2016 bid

John Lennon – Imagine HD

The Beatles – Revolution (Subtitulado al Español)

Assessing possible presidential candidates | FoxNewsChannel

Analyzing Sen. Ted Cruz’s first speech after announcing 2016 bid

Chuck Todd Tees Up Jerry Brown To Slam Ted Cruz As ‘Unfit’ For Office

Climate Change in 12 Minutes – The Skeptic’s Case

Transcript: Read Full Text of Sen. Ted Cruz’s Campaign Launch

Cruz served as a law clerk to J. Michael Luttig of the United States Court of Appeals for the Fourth Circuit in 1995[8][11] and William Rehnquist, Chief Justice of the United States in 1996.[7] Cruz was the first Hispanic to clerk for a Chief Justice of the United States.[46]

Private practice

After Cruz finished his clerkships, he took a position with Cooper, Carvin & Rosenthal, which is now known as Cooper & Kirk, LLC, from 1997 to 1998.[47] While with the firm, Cruz worked on matters relating to the National Rifle Association, and helped prepare testimony for the impeachment proceedings against President Clinton.[48] Cruz also served as private counsel for CongressmanJohn Boehner during Boehner’s lawsuit against Congressman Jim McDermott for releasing a tape recording of a Boehner telephone conversation.[49]

Bush Administration

Cruz joined the George W. Bush presidential campaign in 1999 as a domestic policy adviser, advising then-Governor George W. Bush on a wide range of policy and legal matters, including civil justice, criminal justice, constitutional law, immigration, and government reform.[47]

Cruz assisted in assembling the Bush legal team, devise strategy, and draft pleadings for filing with the Supreme Court of Floridaand U.S. Supreme Court, the specific case being Bush v. Gore, during the 2000 Florida presidential recounts, leading to two successful decisions for the Bush team.[11][50] Cruz recruited future Chief Justice John Roberts and noted attorney Mike Carvin to the Bush legal team.[48]

After President Bush took office, Cruz served as an associate deputy attorney general in the U.S. Justice Department[7][50] and as the director of policy planning at the U.S. Federal Trade Commission.[7][21][50]

Texas Solicitor General

Appointed to the office of Solicitor General of Texas by Texas Attorney General Greg Abbott,[8][51] Cruz served in that position from 2003 to 2008.[29][11] The office had been established in 1999 to handle appeals involving the state, but Abbott hired Cruz with the idea that Cruz would take a “leadership role in the United States in articulating a vision of strict construction.” As Solicitor General, Cruz would argue before the Supreme Court nine times, winning five cases and losing four.[48]

Cruz has authored 70 United States Supreme Court briefs and presented 43 oral arguments, including nine before the United States Supreme Court.[8][21][32] Cruz’s record of having argued before the Supreme Court nine times is more than any practicing lawyer in Texas or any current member of Congress.[52] Cruz has commented on his nine cases in front of the U.S. Supreme Court: “We ended up year after year arguing some of the biggest cases in the country. There was a degree of serendipity in that, but there was also a concerted effort to seek out and lead conservative fights.”[52]

In the landmark case of District of Columbia v. Heller, Cruz drafted the amicus brief signed by attorneys general of 31 states, which said that the D.C. handgun ban should be struck down as infringing upon the Second Amendment right to keep and bear arms.[32][53] Cruz also presented oral argument for the amici states in the companion case to Heller before the United States Court of Appeals for the District of Columbia Circuit.[32][54]

In addition to his success in Heller, Cruz has successfully defended the constitutionality of the Ten Commandments monument on the Texas State Capitol grounds before the Fifth Circuit and the U.S. Supreme Court, winning 5-4 in Van Orden v. Perry.[21][32][11]

In 2004, Cruz was involved in the high-profile case, Elk Grove Unified School District v. Newdow,[21][11] in which Cruz wrote a U.S. Supreme Court brief on behalf of all 50 states.[55] The Supreme Court upheld the position of Cruz’s brief.

Cruz served as lead counsel for the state and successfully defended the multiple litigation challenges to the 2003 Texas congressional redistricting plan in state and federal district courts and before the U.S. Supreme Court, which was decided 5-4 in his favor in League of United Latin American Citizens v. Perry.[11][56]

Cruz also successfully defended, in Medellin v. Texas, the State of Texas against an attempt to re-open the cases of 51 Mexican nationals, all of whom were convicted of murder in the United States and were on death row.[8][21][32][11] With the support of the George W. Bush Administration, the petitioners argued that the United States had violated the Vienna Convention on Consular Relations by failing to notify the convicted nationals of their opportunity to receive legal aid from the Mexican consulate.[57][48] They based their case on a decision of the International Court of Justice in the Avena case which ruled that failing to allow access to the Mexican consulate, the US had breached its obligations under the Convention.[58] Texas won the case in a 6-3 decision, the Supreme Court held that ICJ decisions were not binding in domestic law and that the President had no power to enforce them.[57][48]

Cruz has been named by American Lawyer magazine as one of the 50 Best Litigators under 45 in America,[51][59] by The National Law Journal as one of the 50 Most Influential Minority Lawyers in America,[60][61] and by Texas Lawyer as one of the 25 Greatest Texas Lawyers of the Past Quarter Century.[62][63]

Private practice

After leaving the Solicitor General position in 2008, he worked in a private law firm in Houston, Morgan, Lewis & Bockius LLP, often representing corporate clients, until he was sworn in a U.S. Senator from Texas in 2013.[35][11][64] At Morgan Lewis, he led the firm’s U.S. Supreme Court and national appellate litigation practice.[64]

In 2009-2010, while working for Morgan Lewis, Cruz formed and then abandoned a bid for state attorney general when the incumbent Attorney General Greg Abbott, who hired Cruz as Solicitor General, decided to run for re-election.[20]

U.S. Senate

2012 election

Cruz speaking to the Values Voters Summit in October 2011

Cruz’s election has been described by the Washington Post as “the biggest upset of 2012 . . . a true grassroots victory against very long odds.”[65] On January 19, 2011, after U.S. Senator Kay Bailey Hutchison said she would not seek reelection, Cruz announced his candidacy via a blogger conference call.[14] In the Republican senatorial primary, Cruz ran against sitting Lieutenant Governor David Dewhurst. Cruz was endorsed first by former Alaska Governor Sarah Palin and then by the Club for Growth, a fiscally conservative political action committee;[66] Erick Erickson, editor of prominent conservative blog RedState;[67] the FreedomWorks for America super PAC;[68] nationally syndicated radio host Mark Levin;[69] former Attorney General Edwin Meese;[50] Tea Party Express;[70] Young Conservatives of Texas;[71] and U.S. Senators Tom Coburn,[72] Jim DeMint,[73] Mike Lee,[74] Rand Paul[75] and Pat Toomey.[76] He was also endorsed by former Alaska Governor Sarah Palin[77] and former Texas Congressman Ron Paul,[78] George P. Bush,[50] and former U.S. Senator from Pennsylvania Rick Santorum.[79]

Cruz won the runoff for the Republican nomination with a 14-point margin over Dewhurst.[80] In the November 6 general election, Cruz faced Democrat Paul Sadler, an attorney and a former state representative from Henderson, in east Texas. Cruz won with 4.5 million votes (56.4%) to Sadler’s 3.2 million (40.6%). Two minor candidates garnered the remaining 3% of the vote.[15] According to a poll by Cruz’s pollster Wilson Perkins Allen Opinion Research, taken six weeks after the 2012 general election, Cruz received 40% of the Hispanic vote, vs. 60% for Sandler, outperforming Republican Presidential candidate Mitt Romney with the Hispanic vote by 6 points.[81][82]

After Time magazine reported on a potential violation of ethics rules by failing to publicly disclose his financial relationship with Caribbean Equity Partners Investment Holdings during the 2012 campaign, Cruz called his failure to disclose these connections an inadvertent omission.[83]

Political positions

Cruz is pro-life, with an exception only when a pregnancy endangers the mother’s life.[84][85] Cruz opposes same-sex marriage, stating that he instead supports marriage “between one man and one woman,”[86] but believes that the legality of same-sex marriage should be left to each state to decide.[87] On February 10, 2015, Cruz re-introduced the State Marriage Defense Act.[88]

Cruz is a gun-rights supporter.[89] On March 25, 2013, an announcement was made by Cruz and U.S. Senators Rand Paul and Mike Lee threatening that they would filibuster any legislation that would entail gun control, such as the Manchin-Toomey Amendment, which would require additional background checks on sales at gun shows.[90] On April 17, 2013, Cruz voted against the Manchin-Toomey Amendment.[91] Republicans successfully filibustered the amendment by a vote of 54–46, as 60 votes were needed for cloture.[92]

Cruz has raised concerns that the National Security Agency has not done effective surveillance of potential terrorists while intruding needlessly into the lives of ordinary Americans.[93]

Cruz opposes net neutrality because he argues that the Internet economy has flourished in the United States simply because it has remained largely free from government regulation.[94] He believes regulating the Internet will stifle online innovation and create monopolies.[95] He has expressed support for stripping theFederal Communications Commission (FCC) of its power under Section 706 of the Telecommunications Act of 1996 to ensure net neutrality,[94] and opposes reclassifying internet service providers as common carriers under Title II of the Communications Act of 1934.[96]

Cruz opposes the Marketplace Fairness Act, saying that it would hurt competition by creating additional costs for internet-based businesses.[97]

He was an original co-sponsor of the Keystone XL Pipeline Act, Senate Bill 1 of the 114th Congress.[98] And on January 29, 2015, he voted for its passage.[99] It passed the Senate 62-36, the goal of the bill was to approve the construction of the transnational pipeline.[100] Cruz wants Congress to approve the exportation of U.S. natural gas to World Trade Organization countries.[101]

Cruz opposes the legalization of marijuana, but believes it should be decided at the state level.[102]

Economy

Since being elected, Cruz has spent a great deal of time speaking about what he characterizes as the misguided economic policies of the Obama Administration.[103] Chiding the GOP over its 2012 electoral losses, he stated that “Republicans are and should be the party of the 47 percent” [104] and has also noted that the words “growth and opportunity” ought to be tattooed on every Republican’s hand.[105]

In February 2014, Cruz opposed an unconditional increase in the debt limit.[106] He said that Republican politicians feared the truth and “they wanted to be able to tell what they view as their foolish, gullible constituents back home they didn’t do it.”[107]

Foreign affairs

On foreign policy, Cruz has said that he is “somewhere in between” Rand Paul‘s isolationism and John McCain‘s active interventionism.[108]

In 2004, he criticized Democratic Presidential candidate John Kerry for being “against defending American values, against standing up to our enemies, and, in effect, for appeasing totalitarian despots.” [109] Cruz helped defeat efforts to ratify the Convention on the Rights of Persons with Disabilities, arguing that the treaty infringed on US sovereignty.[48]

In 2013, Cruz stated that America had no “dog in the fight” during the Syrian civil war and stated that America’s armed forces should not serve as “al-Qaeda‘s air force”.[110] In 2014, Cruz criticized the Obama administration: “The president’s foreign policy team utterly missed the threat of ISIS, indeed, was working to arm Syrian rebels that were fighting side by side with ISIS.”, calling ISIS “the face of evil”.[111] Cruz has called for bombing ISIS, but is doubtful that the United States “can tell the good guys from the bad guys” in a plan to arm “moderate” rebels, and the plan to defeat ISIS should not be “laden with impractical contingencies, such as resolving the Syrian civil war.”[112]

In 2014, Cruz spoke at an event held by the watchdog group In Defense of Christians (IDC). Cruz was booed by the group after making statements considered pro-Israel that were viewed by some pundits as intentionally provocative. When the audience refused to stop booing, Cruz eventually left the stage.[113] The resulting controversy expanded beyond Cruz and some commentators believe has resulted in the conservative movement becoming divided between those who sided with Cruz and Israel, and those who sided with Middle Eastern Christians and argued that Cruz’s comments were out-of-bounds.[114] Republican representative Charlie Dent labeled Cruz’s actions “outrageous and incendiary”.[115] Others who criticized Cruz included Mollie Hemingway and Ross Douthat,[116] as well as Scott McConnell, who claimed the controversy was about more than just Cruz, suggesting it is already causing a schism within the conservative movement over issues relating to Israel and Middle Eastern Christians.[117] Matthew Yglesias described the controversy as a “conservative war”.[118] Cruz apologized for questioning the motives of his critics and said that all should be united in speaking out against persecution of religious minorities.[119]

Health care

Cruz is a strong critic of the Patient Protection and Affordable Care Act, which he usually refers to as “Obamacare”. He has sponsored legislation that would repeal the health care reform law and its amendments in the Health Care and Education Reconciliation Act of 2010.

After the launch of the HealthCare.gov website, Cruz stated, “Obamacare is a disaster. You have the well-publicized problems with the website. It just isn’t working.”[120] He called for Health and Human Services Secretary Kathleen Sebelius to resign.[120]

In 2014 Cruz gave majority leader Harry Reid the procedural opening he needed to allow a Senate vote to confirm Vivek Murthy, who had raised concerns about the health effects of gun ownership, to be United States Surgeon General.[121]

In the summer of 2013, Cruz started a “nationwide tour” sponsored by The Heritage Foundation to promote a congressional effort to defund the Patient Protection and Affordable Care Act, arguing that a shutdown of the government would not be a disaster for America or the Republican Party (GOP).[122][123]

On September 24, 2013, Cruz began a speech on the floor of the Senate regarding the Affordable Care Act relative to a continuing resolution designed to fund the government and avert a government shutdown.[124][125] Cruz promised to keep speaking until he was “no longer able to stand”.[126] Cruz yielded the floor at noon the following day for the start of the proceeding legislative session after twenty-one hours nineteen minutes.[127] His speech was the fourth-longest in United States Senate history.[128] Following Cruz’s speech, the Senate voted 100–0 regarding a “procedural hurdle toward passing a stopgap funding bill to avert a government shutdown”.[129] Cruz was joined by 18 Republican senators in his effort to prevent stripping out a clause that would have defunded the Affordable Care by voting against the cloture motion, leaving the effort 21 votes short of the required number to deny cloture.[130]

Cruz is believed to be a major force behind the U.S. government shutdown in 2013.[131][132] Cruz delivered a message on October 11, 2013 to fellow Republicans against accepting Obamacare and, describing it as a “train wreck”, claimed the American people remain “energized” around the goal of gutting the law.[133] Cruz stated Obamacare is causing “enormous harm” to the economy.[133] Republican strategist Mike Murphy stated: “Cruz is trying to start a wave of Salem witch trials in the G.O.P. on the shutdown and Obamacare, and that fear is impacting some people’s calculations on 2016.”[132] Cruz said that he “didn’t threaten to shut down the government” and blamed the shutdown on President Barack Obama and Senate Majority Leader Harry M. Reid.[134]

The Houston Chronicle which had endorsed Cruz in the general election, regretted that he had not lived up to the standard set by the previous U.S. Senator from Texas, Kay Bailey Hutchison.[135][136] After a deal was made to end the shutdown and to extend the debt-ceiling deadline, Senate Republican leader Mitch McConnell called Cruz’s actions “not a smart play” and a “tactical error”,[137] and Cruz stated: “I would do anything, and I will continue to do anything I can, to stop the train wreck that is Obamacare. The test that matters. . . is are we doing anything for all the people that are getting hurt from Obamacare?”[138]

Legislation

Cruz has sponsored 25 bills of his own, including:[139]

  • S.177, a bill to repeal the Patient Protection and Affordable Care Act and the health-care related provisions of the Health Care and Education Reconciliation Act of 2010, introduced January 29, 2013
  • S.505, a bill to prohibit the use of drones to kill citizens of the United States within the United States, introduced March 7, 2013
  • S.729 and S. 730, bills to investigate and prosecute felons and fugitives who illegally purchase firearms, and to prevent criminals from obtaining firearms through straw purchases and trafficking, introduced March 15, 2013
  • S.1336, a bill to permit States to require proof of citizenship for registering to vote in federal elections, introduced July 17, 2013
  • S.2170, a bill to increase coal, natural gas, and crude oil exports, to approve the construction of the Keystone XL Pipeline, to expand oil drilling offshore, onshore, in the National Petroleum Reserve–Alaska, and in Indian reservations, to give states the sole power of regulating hydraulic fracturing, to repeal theRenewable Fuel Standard, to prohibit the Environmental Protection Agency (EPA) from regulating greenhouse gases, to require the EPA to assess how new regulations will affect employment, and to earmark natural resource revenue to paying off the federal government’s debt, introduced March 27, 2014
  • S.2415, a bill to amend the Federal Election Campaign Act of 1971 to eliminate all limits on direct campaign contributions to candidates for public office, introduced June 3, 2014

Senate bill 2195

On April 1, 2014, Cruz introduced Senate bill 2195, a bill that would allow the President of the United States to deny visas to any ambassador to the United Nationswho has been found to have been engaged in espionage activities or a terrorist activity against the United States or its allies and may pose a threat to U.S. national security interests.[140] The bill was written in response to Iran‘s choice of Hamid Aboutalebi as their ambassador.[141] Aboutalebi was involved in the Iran hostage crisis, in which of a number of American diplomats from the US embassy in Tehran were held captive in 1979.[141][142][143]

Under the headline “A bipartisan message to Iran”, Cruz thanked President Barack Obama for signing his bill S 2195 into law. The letter published in the magazinePolitico on April 18, 2014 starts with “Thanks to President Obama for joining a unanimous Congress and signing S 2195 into law”. Cruz also thanked senators from both political parties for “swiftly passing this legislation and sending it to the White House.”[144][145][146]

Committee assignments

Presidential campaign

Senator Cruz speaking at the 2014 Conservative Political Action Conference (CPAC) in National Harbor, Maryland.

Commentators have expressed their opinion that Cruz will run for President in 2016.[147][148][149] On March 14, 2013, Cruz gave the keynote speech at the 2013 Conservative Political Action Conference in Washington DC.[150] He came in tied for 7th place in the 2013 CPAC straw poll on March 16, winning 4% of the votes cast.[151] In October 2013, Cruz won the Values Voter Summit Presidential straw poll with 42% of the vote.[152] Cruz came in first place in the two most recent Presidential straw polls conducted in 2014 with 30.33% of the vote at the Republican Leadership Conference[153] and 43% of the vote at the Republican Party of Texas state convention.[154]

Cruz did speaking events in the summer of 2013 across Iowa, New Hampshire and South Carolina, early primary states, leading to speculation that he was laying the groundwork for a run for President in 2016.[155] Legal analyst Jeffrey Toobindescribes Cruz as the first potential Presidential candidate to emphasize originalism as a major national issue.[48]

Since Cruz was born in Canada, commentators for the Austin American-Statesman[156] and the Los Angeles Times,[157] have speculated about Cruz’s legal status as a natural-born citizen. Because he was a U.S. citizen at birth (his mother was a U.S. citizen who lived in the U.S. for more than 10 years as required by the Nationality Act of 1940), most commentators believe Cruz is eligible to serve as President of the United States.[19][158][159][160]

On April 12, 2014, Cruz spoke at the Freedom Summit, an event organized by Americans for Prosperity, and Citizens United.[161] The event was attended by several potential presidential candidates.[162] In his speech, Cruz mentioned that Latinos, young people and single mothers, are the people most affected by the recession, and that the Republican Party should make outreach efforts to these constituents. He also said that the words “growth and opportunity” should be tattooed on the hands of every Republican politician.[161]

On March 23, 2015, Cruz announced on his Twitter page “I’m running for President and I hope to earn your support!”.[163] He is the first announced major Republican presidential candidate for the 2016 campaign.[164][165]

Awards

Senator Cruz speaking at the 2015Conservative Political Action Conference (CPAC) in National Harbor, Maryland.

Rick Manning of Americans for Limited Government in The Hill, on December 27, 2013, named Cruz “2013 Person of the Year.”[166] Manning stated that “of course, Cruz made his biggest mark when he and fellow freshman Sen. Mike Lee (R-Utah) led a last-ditch national grassroots effort to defund ObamaCare before the law went into effect fully. Imagine how many Senate Democrats wish right now that they had heeded Cruz’s entreaties and agreed to delaying or defunding it for one year. Now, they are stuck with the law and all its consequences.”[166]

Cruz was also named “2013 Man of the Year” by TheBlaze,[167] FrontPage Magazine[168] and The American Spectator,[169]“2013 Conservative of the Year” by Townhall.com,[170] “2013 Statesman of the Year” by the Republican Party of Sarasota County, Florida[171][172] and was a finalist in both “2013 Texan of the Year” by The Dallas Morning News[173] and a “2013 Person of the Year” finalist by Time.[174]

Personal life

Cruz and his wife, Heidi Cruz (née Nelson), have two daughters. Cruz met his wife while working on the George W. Bush presidential campaign of 2000. Cruz’s wife is currently head of the Southwest Region in the Investment Management Division of Goldman, Sachs & Co. and previously worked in the White House forCondoleezza Rice and in New York as an investment banker.[175]

When he was a child, Cruz’s mother told him that she would have to make an affirmative act to claim Canadian citizenship for him, so his family assumed that he did not hold Canadian citizenship.[176] In August 2013, after the Dallas Morning News pointed out that Cruz had dual Canadian-American citizenship,[160] he applied to formally renounce his Canadian citizenship and ceased being a citizen of Canada, on May 14, 2014.[176][177]

Electoral history

2012 Republican primary
Republican primary results, May 29, 2012[15]
Party Candidate Votes %
Republican David Dewhurst 624,170 44.6
Republican Ted Cruz 479,079 34.2
Republican Tom Leppert 186,675 13.3
Republican Craig James 50,211 3.6
Republican Glenn Addison 22,888 1.6
Republican Lela Pittenger 18,028 1.3
Republican Ben Gambini 7,193 0.5
Republican Curt Cleaver 6,649 0.5
Republican Joe Argis 4,558 0.3
Total votes 1,399,451 100
2012 Republican primary runoff
Republican runoff results, July 31, 2012[15]
Party Candidate Votes %
Republican Ted Cruz 631,316 56.8
Republican David Dewhurst 480,165 43.2
Total votes 1,111,481 100
2012 General Election
General Election, November 6, 2012[15]
Party Candidate Votes %
Republican Ted Cruz 4,469,843 56.45
Democratic Paul Sadler 3,194,927 40.62
Libertarian John Jay Myers 162,354 2.06
Green David Collins 67,404 0.85
Total votes 7,864,822 100

See also

http://en.wikipedia.org/wiki/Ted_Cruz

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Larry Kudlow On The Failure Of Obama’s Keynesian Fiscal Policy–Videos

Posted on September 20, 2012. Filed under: American History, Banking, Blogroll, College, Communications, Economics, Education, Employment, Energy, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Rants, Raves, Security, Tax Policy, Taxes, Technology, Unemployment, Unions, Video, Wealth, Wisdom | Tags: , , , , , , , |

Larry Kudlow: If Keynesian taxing and spending was going to work it would have already worked 

[youdtube=http://www.youtube.com/watch?v=Z0B3dWOno90]

Larry Kudlow: If Keynesian taxing and spending was going to work it would have already worked Part 2 

Rep. Kevin Brady on CNBC’s Kudlow Report 8-31-12 

Background Articles and Videos

Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus

Eight Reasons Why Big Government Hurts Economic Growth 

Free Markets and Small Government Produce Prosperity

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50 Year American Tax Revolution: The Impossible Became The Inevitable–Flat Tax or FairTax?Videos

Posted on November 1, 2011. Filed under: American History, Blogroll, Business, College, Communications, Economics, Employment, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, history, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, People, Philosophy, Politics, Public Sector, Raves, Regulations, Reviews, Science, Security, Strategy, Talk Radio, Taxes, Technology, Unions, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , |

Pronk Pops Show 52:November 2, 2011

Pronk Pops Show 51:October 26, 2011

Pronk Pops Show 50:October 19, 2011

Pronk Pops Show 49:October 12, 2011

Pronk Pops Show 48:October 5, 2011

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Segment 0: 50 Year American Tax Revolution: When The Impossible Became The Inevitable–Flat Tax or FairTax–Videos

http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/

The Recession and Recovery in Perspective

Post-WWII Recessions

The Business Cycle Dating Committee of the National Bureau of Economic Research determines the beginning and ending dates of U.S. recessions. http://www.nber.org/cycles.html

It has determined that the U.S. economy experienced 10 recessions from 1946 through 2006. The committee determined that the 2007-2009 recession began in December 2007 and ended in June of 2009. Ending dates are typically announced several months after the recession officially ends. Read the June 2009 trough announcement by the NBER.

Length of Recessions

The 10 previous postwar recessions ranged in length from 6 months to 16 months, averaging about 10 1/2 months. The 2007-09 recession was the longest recession in the postwar period, at 18 months.

Depth of Recessions

The severity of a recession is determined in part by its length; perhaps even more important is the magnitude of the decline in economic activity. The 2007-09 recession was the deepest recession in the postwar period; at their lowest points employment fell by 6.3 percent and output fell by 5.1 percent.

http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/

http://seekingalpha.com/article/142954-two-charts-imply-current-u-s-recession-may-be-longest-in-history

the National Bureau of Economic Research

US Business Cycle Expansions and Contractions

http://www.nber.org/cycles.html

Taxes and Long-Term Economic Growth

Executive Summary

The 1960s and 1980s were periods of sustained high growth rates in the economy. The major reason for this growth is the tax cuts enacted in the beginning of each decade. President Kennedy’s and President Reagan’s tax cuts resulted in higher investment, lower unemployment, and improved overall economic performance.

Since March 1991, the U.S. economy has been expanding, though at a slower rate than previous post-war expansions. Productivity growth has been weak and must be improved. A tax cut that improves incentives to work, save, and invest is necessary to provide a framework for prosperity. As President Kennedy said, “A rising tide lifts all boats.”

http://www.house.gov/jec/growth/longterm/longterm.htm

2011 IRS Tax Brackets

Here are the 2011 tax tables, which make it easy to find which marginal tax bracket you are in:

Tax Bracket Single Married Filing Jointly Head of Household
10% Bracket $0 – $8,500 $0 – $17,000 $0 – $12,150
15% Bracket $8,500 – $34,500 $17,000 – $69,000 $12,150 – $46,250
25% Bracket $34,500 – $83,600 $69,000 – $139,350 $46,250 – $119,400
28% Bracket $83,600 – $174,400 $139,350 – $212,300 $119,400 – $193,350
33% Bracket $174,400 – $379,150 $212,300 – $379,150 $193,350 – $379,150
35% Bracket $379,150+ $379,150+ $379,150+

http://www.bargaineering.com/articles/federal-income-irs-tax-brackets.html

Source: Internal Revenue Service

Table 1 Summary of Federal Income Tax Data, 2009

Number of Returns with Positive AGI

AGI ($ millions)

Income Taxes Paid ($ millions)

Group’s Share of Total AGI

Group’s Share of Income Taxes

Income Split Point

Average Tax Rate

All Taxpayers 137,982,203 $7,825,389 $865,863 100.0% 100.0% 11.06%
Top 1% 1,379,822 $1,324,572 $318,043 16.9% 36.7% $343,927.00 24.01%
1-5% 5,519,288 $1,157,918 $189,864 14.8% 22.0% 16.40%
Top 5% 6,899,110 $2,482,490 $507,907 31.7% 58.7% $154,643.00 20.46%
5-10% 6,899,110 $897,241 $102,249 11.5% 11.8% 11.40%
Top 10% 13,798,220 $3,379,731 $610,156 43.2% 70.5% $112,124.00 18.05%
10-25% 20,697,331

$1,770,140

$145,747 22.6% 17.0% 8.23%
Top 25% 34,495,551 $5,149,871 $755,903 65.8% 87.3% $ 66,193.00 14.68%
25-50% 34,495,551 $1,620,303 $90,449 20.7% 11.0% 5.58%
Top 50% 68,991,102 $6,770,174 $846,352 86.5% 97.7% > $32,396 12.50%
Bottom 50% 68,991,102

$1,055,215

$19,511 13.5% 2.3% < $32,396 1.85%

Source: Internal Revenue Service

Table 6

Total Income Tax Shares, 1980-2009 (Percent of federal income tax paid by each group)

Year

Total

Top 0.1%

Top 1%

Top 5%

Between 5% & 10%

Top 10%

Between 10% & 25%

Top 25%

Between 25% & 50%

Top 50%

Bottom 50%

1980

100%

19.05%

36.84%

12.44%

49.28%

23.74%

73.02%

19.93%

92.95%

7.05%

1981

100%

17.58%

35.06%

12.90%

47.96%

24.33%

72.29%

20.26%

92.55%

7.45%

1982

100%

19.03%

36.13%

12.45%

48.59%

23.91%

72.50%

20.15%

92.65%

7.35%

1983

100%

20.32%

37.26%

12.44%

49.71%

23.39%

73.10%

19.73%

92.83%

7.17%

1984

100%

21.12%

37.98%

12.58%

50.56%

22.92%

73.49%

19.16%

92.65%

7.35%

1985

100%

21.81%

38.78%

12.67%

51.46%

22.60%

74.06%

18.77%

92.83%

7.17%

1986

100%

25.75%

42.57%

12.12%

54.69%

21.33%

76.02%

17.52%

93.54%

6.46%

Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable

1987

100%

24.81%

43.26%

12.35%

55.61%

21.31%

76.92%

17.02%

93.93%

6.07%

1988

100%

27.58%

45.62%

11.66%

57.28%

20.57%

77.84%

16.44%

94.28%

5.72%

1989

100%

25.24%

43.94%

11.85%

55.78%

21.44%

77.22%

16.94%

94.17%

5.83%

1990

100%

25.13%

43.64%

11.73%

55.36%

21.66%

77.02%

17.16%

94.19%

5.81%

1991

100%

24.82%

43.38%

12.45%

55.82%

21.46%

77.29%

17.23%

94.52%

5.48%

1992

100%

27.54%

45.88%

12.12%

58.01%

20.47%

78.48%

16.46%

94.94%

5.06%

1993

100%

29.01%

47.36%

11.88%

59.24%

20.03%

79.27%

15.92%

95.19%

4.81%

1994

100%

28.86%

47.52%

11.93%

59.45%

20.10%

79.55%

15.68%

95.23%

4.77%

1995

100%

30.26%

48.91%

11.84%

60.75%

19.62%

80.36%

15.03%

95.39%

4.61%

1996

100%

32.31%

50.97%

11.54%

62.51%

18.80%

81.32%

14.36%

95.68%

4.32%

1997

100%

33.17%

51.87%

11.33%

63.20%

18.47%

81.67%

14.05%

95.72%

4.28%

1998

100%

34.75%

53.84%

11.20%

65.04%

17.65%

82.69%

13.10%

95.79%

4.21%

1999

100%

36.18%

55.45%

11.00%

66.45%

17.09%

83.54%

12.46%

96.00%

4.00%

2000

100%

37.42%

56.47%

10.86%

67.33%

16.68%

84.01%

12.08%

96.09%

3.91%

2001

100%

16.06%

33.89%

53.25%

11.64%

64.89%

18.01%

82.90%

13.13%

96.03%

3.97%

2002

100%

15.43%

33.71%

53.80%

11.94%

65.73%

18.16%

83.90%

12.60%

96.50%

3.50%

2003

100%

15.68%

34.27%

54.36%

11.48%

65.84%

18.04%

83.88%

12.65%

96.54%

3.46%

2004

100%

17.44%

36.89%

57.13%

11.07%

68.19%

16.67%

84.86%

11.85%

96.70%

3.30%

2005

100%

19.26%

39.38%

59.67%

10.63%

70.30%

15.69%

85.99%

10.94%

96.93%

3.07%

2006

100%

19.56%

39.89%

60.14%

10.65%

70.79%

15.47%

86.27%

10.75%

97.01%

2.99%

2007

100%

20.19%

40.41%

60.61%

10.59%

71.20%

15.37%

86.57%

10.54%

97.11%

2.89%

2008

100%

18.47%

38.02%

58.72%

11.22%

69.94%

16.40%

86.34%

10.96%

97.30%

2.70%

2009

100%

17.11%

36.73%

58.66%

11.81%

70.47%

16.83%

87.30%

10.45%

97.75%

2.25%

Source: Internal Revenue Service

http://www.taxfoundation.org/news/show/250.html#table1

JFK – Path to Prosperity

Excerpts from President John F Kennedy’s speech delivered on December 14, 1962 to the Economic Club of New York.

Income Tax Cut, JFK Hopes To Spur Economy 1962/8/13

JFK speech on tax cuts

John F. Kennedy State of the Union Address to a Joint Session of the United States Congress (1963)

JFK State of the Union Address (1963) (Part 1)

Interesting that the audio for the tax cut part of the speech is missing. “This net reduction in tax liabilities of $10 billion will increase the purchasing power of American families and business enterprises in every tax bracket, with greatest increase going to our low-income consumers. It will, in addition, encourage the initiative and risk-taking on which our free system depends–induce more investment, production, and capacity use–help provide the 2 million new jobs we need every year…”

January 14, 1963 – John F. Kennedy’s delivers the State of the Union address

State of the Union Address (January 14, 1963)

John Fitzgerald Kennedy

“…At home, the recession is behind us. Well over a million more men and women are working today than were working 2 years ago. The average factory workweek is once again more than 40 hours; our industries are turning out more goods than ever before; and more than half of the manufacturing capacity that lay silent and wasted 100 weeks ago is humming with activity.

In short, both at home and abroad, there may now be a temptation to relax. For the road has been long, the burden heavy, and the pace consistently urgent.

But we cannot be satisfied to rest here. This is the side of the hill, not the top. The mere absence of war is not peace. The mere absence of recession is not growth. We have made a beginning–but we have only begun.

Now the time has come to make the most of our gains–to translate the renewal of our national strength into the achievement of our national purpose.

America has enjoyed 22 months of uninterrupted economic recovery. But recovery is not enough. If we are to prevail in the long run, we must expand the long-run strength of our economy. We must move along the path to a higher rate of growth and full employment.

For this would mean tens of billions of dollars more each year in production, profits, wages, and public revenues. It would mean an end to the persistent slack which has kept our unemployment at or above 5 percent for 61 out of the past 62 months–and an end to the growing pressures for such restrictive measures as the 35-hour week, which alone could increase hourly labor costs by as much as 14 percent, start a new wage-price spiral of inflation, and undercut our efforts to compete with other nations.

To achieve these greater gains, one step, above all, is essential–the enactment this year of a substantial reduction and revision in Federal income taxes.

For it is increasingly clear–to those in Government, business, and labor who are responsible for our economy’s success–that our obsolete tax system exerts too heavy a drag on private purchasing power, profits, and employment. Designed to check inflation in earlier years, it now checks growth instead. It discourages extra effort and risk. It distorts the use of resources. It invites recurrent recessions, depresses our Federal revenues, and causes chronic budget deficits.

Now, when the inflationary pressures of the war and the post-war years no longer threaten, and the dollar commands new respect-now, when no military crisis strains our resources–now is the time to act. We cannot afford to be timid or slow. For this is the most urgent task confronting the Congress in 1963.

In an early message, I shall propose a permanent reduction in tax rates which will lower liabilities by $13.5 billion. Of this, $11 billion results from reducing individual tax rates, which now range between 20 and 91 percent, to a more sensible range of 14 to 65 percent, with a split in the present first bracket. Two and one-half billion dollars results from reducing corporate tax rates, from 52 percent–which gives the Government today a majority interest in profits-to the permanent pre-Korean level of 47 percent. This is in addition to the more than $2 billion cut in corporate tax liabilities resulting from last year’s investment credit and depreciation reform.

To achieve this reduction within the limits of a manageable budgetary deficit, I urge: first, that these cuts be phased over 3 calendar years, beginning in 1963 with a cut of some $6 billion at annual rates; second, that these reductions be coupled with selected structural changes, beginning in 1964, which will broaden the tax base, end unfair or unnecessary preferences, remove or lighten certain hardships, and in the net offset some $3.5 billion of the revenue loss; and third, that budgetary receipts at the outset be increased by $1.5 billion a year, without any change in tax liabilities, by gradually shifting the tax payments of large corporations to a . more current time schedule. This combined program, by increasing the amount of our national income, will in time result in still higher Federal revenues. It is a fiscally responsible program–the surest and the soundest way of achieving in time a balanced budget in a balanced full employment economy.

This net reduction in tax liabilities of $10 billion will increase the purchasing power of American families and business enterprises in every tax bracket, with greatest increase going to our low-income consumers. It will, in addition, encourage the initiative and risk-taking on which our free system depends–induce more investment, production, and capacity use–help provide the 2 million new jobs we need every year–and reinforce the American principle of additional reward for additional effort.

I do not say that a measure for tax reduction and reform is the only way to achieve these goals.

–No doubt a massive increase in Federal spending could also create jobs and growth-but, in today’s setting, private consumers, employers, and investors should be given a full opportunity first.

–No doubt a temporary tax cut could provide a spur to our economy–but a long run problem compels a long-run solution.

–No doubt a reduction in either individual or corporation taxes alone would be of great help–but corporations need customers and job seekers need jobs.

–No doubt tax reduction without reform would sound simpler and more attractive to many–but our growth is also hampered by a host of tax inequities and special preferences which have distorted the flow of investment.

–And, finally, there are no doubt some who would prefer to put off a tax cut in the hope that ultimately an end to the cold war would make possible an equivalent cut in expenditures-but that end is not in view and to wait for it would be costly and self-defeating.

In submitting a tax program which will, of course, temporarily increase the deficit but can ultimately end it–and in recognition of the need to control expenditures–I will shortly submit a fiscal 1964 administrative budget which, while allowing for needed rises in defense, space, and fixed interest charges, holds total expenditures for all other purposes below this year’s level.

This requires the reduction or postponement of many desirable programs, the absorption of a large part of last year’s Federal pay raise through personnel and other economies, the termination of certain installations and projects, and the substitution in several programs of private for public credit. But I am convinced that the enactment this year of tax reduction and tax reform overshadows all other domestic problems in this Congress. For we cannot for long lead the cause of peace and freedom, if we ever cease to set the pace here at home.

Tax reduction alone, however, is not enough to strengthen our society, to provide opportunities for the four million Americans who are born every year, to improve the lives of 32 million Americans who live on the outskirts of poverty.

The quality of American life must keep pace with the quantity of American goods.

This country cannot afford to be materially rich and spiritually poor.

Therefore, by holding down the budgetary cost of existing programs to keep within the limitations I have set, it is both possible and imperative to adopt other new measures that we cannot afford to postpone. …”

http://millercenter.org/president/speeches/detail/5762

Reagan on Taxes

Ronald Reagan-Remarks on Signing the Tax Reform Act (October 22, 1986)

President Reagans Remarks on Signing the Tax Reform Act of 1986 – 10/22/86

Dan Mitchell explains the fair tax

The Flat Tax: How it Works and Why it is Good for America

What is the FairTax legislation?

Herman Cain breaks down his 9-9-9 plan (Fox Debate)

Herman Cain’s 9-9-9 Tax Plan (AEI Interview)

Herman Cain on Taxes (Interview)

Milton Friedman – The Free Lunch Myth

Ron Paul on Taxes (Speech)

Ron Paul – THE FAIRTAX REVOLUTION (speech)

Herman Cain 999 plan will add new taxes explained by Ron Paul

Herman Cain Lied To Ron Paul

Reagan; Taxes and Budget Deficit: Revenue 19% of GDP; Spending is 23%; Revenue is sufficient

JFK Defends The First Amendment

Background Articles and Videos

Taxes Due

If you are trying to calculate your taxes due, these tables may be more helpful. Remember that taxes are due on your adjusted income after accounting for deductions and other adjustments.

Single Filers

These tables are for single filers who are not surviving spouses or heads of household:

Taxable Income Tax
$0 – $8,500 10% of taxable income
$8,500 – $34,500 $850 plus 15% of excess over $8,500
$34,500 – $83,600 $4,750 plus 25% of excess over $34,500
$83,600 – $174,400 $17,025 plus 28% of excess over $83,600
$174,400 – $379,150 $42,449 plus 33% of excess over $174,400
$379,150+ $110,016.50 plus 35% of excess over $379,150

Married & Surviving Spouses

These tables are for married filing jointly or surviving spouses:

Taxable Income Tax
$0 – $17,000 10% of taxable income
$17,000 – $69,000 $1,700 plus 15% of excess over $17,000
$69,000 – $139,350 $9,500 plus 25% of excess over $69,000
$139,350 – $212,300 $27,087.50 plus 28% of excess over $139,350
$212,300 – $379,150 $47,513.50 plus 33% of excess over $212,300
$379,150+ $102,574 plus 35% of excess over $379,150

Head of Household

These tax tables are for those considered Heads of Household:

Taxable Income Tax
$0 – $12,150 10% of taxable income
$12,150 – $46,250 $1,215 plus 15% of excess over $12,150
$46,250 – $119,400 $6,330 plus 25% of excess over $46,250
$119,400 – $193,350 $24,617.50 plus 28% of excess over $119,400
$193,350 – $379,150 $45,323.50 plus 33% of excess over $193,350
$379,150+ $106,637.50 plus 35% of excess over $379,150

Married Filing Separately

These are tax tables for those filing as Married Filing Separately:

Taxable Income Tax
$0 – $8,500 10% of taxable income
$8,500 – $34,500 $850 plus 15% of excess over $8,500
$34,500 – $69,675 $4,750 plus 25% of excess over $34,500
$69,675 – $106,150 $13,543.75 plus 28% of excess over $69,675
$106,150 – $189,575 $23,756.75 plus 33% of excess over $106,150
$189,575+ $51,287 plus 35% of excess over $189,575

With the passage of the Bush era tax cut extension, these brackets aren’t much different than the 2010 tax brackets after an adjustment for inflation.

http://www.bargaineering.com/articles/federal-income-irs-tax-brackets.html

History of Federal Individual Income Bottom and Top Bracket Rates

Historical Income Tax Rates & Brackets

Tax Rates 1

Bottom bracket

Top bracket

Calendar Year

Rate
(percent)

Taxable Income Up to

Rate
(percent)

Taxable
Income over

1913-15 1 20,000 7 500,000
1916 2 20,000 15 2,000,000
1917 2 2,000 67 2,000,000
1918 6 4,000 77 1,000,000
1919-20 4 4,000 73 1,000,000
1921 4 4,000 73 1,000,000
1922 4 4,000 56 200,000
1923 3 4,000 56 200,000
1924 2 1.5 4,000 46 500,000
1925-28 2 1? 4,000 25 100,000
1929 2 4? 4,000 24 100,000
1930-31 2 1? 4,000 25 100,000
1932-33 4 4,000 63 1,000,000
1934-35 3 4 4,000 63 1,000,000
1936-39 3 4 4,000 79 5,000,000
1940 3 4.4 4,000 81.1 5,000,000
1941 3 10 2,000 81 5,000,000
1942-434 3 19 2,000 88 200,000
1944-45 23 2,000 5 94 200,000
1946-47 19 2,000 5 86.45 200,000
1948-49 16.6 4,000 5 82.13 400,000
1950 17.4 4,000 5 91 400,000
1951 20.4 4,000 5 91 400,000
1952-53 22.2 4,000 5 92 400,000
1954-63 20 4,000 5 91 400,000
1964 16 1,000 77 400,000
1965-67 14 1,000 70 200,000
1968 14 1,000 6 75.25 200,000
1969 14 1,000 6 77 200,000
1970 14 1,000 6 71.75 200,000
1971 14 1,000 7 70 200,000
1972-78 814 1,000 7 70 200,000
1979-80 814 2,100 7 70 212,000
1981 8 9 13.825 2,100 7 9 69.125 212,000
1982 8 12 2,100 50 106,000
1983 8 11 2,100 50 106,000
1984 8 11 2,100 50 159,000
1985 8 11 2,180 50 165,480
1986 8 11 2,270 50 171,580
1987 8 11 3,000 38.5 90,000
1988 8 15 29,750 1028 29,750
1989 8 15 30,950 1028 30,950
1990 8 15 32,450 1028 32,450
1991 8 15 34,000 31 82,150
1992 8 15 35,800 31 86,500
1993 8 15 36,900 39.6 250,000
1994 8 15 38,000 39.6 250,000
1995 8 15 39,000 39.6 256,500
1996 8 15 40,100 39.6 263,750
1997 8 15 41,200 39.6 271,050
1998 8 15 42,350 39.6 278,450
1999 8 15 43,050 39.6 283,150
2000 8 15 43,850 39.6 288,350
2001 8 15 45,200 39.1 297,350
2002 8 10 12,000 38.6 307,050
200311 8 10 14,000 35.0 311,950
2004 8 10 14,300 35.0 319,100
2005 8 10 14,600 35.0 326,450
2006 8 10 15,100 35.0 336,550
2007 8 10 15,650 35.0 349,700
2008 8 10 16,050 35.0 357,700
2009
10
16,700 35.0 372,950
2010
10
16,700 35.0 373,650
201112
10
17,000 35.0 379,150

1 Taxable income excludes zero bracket amount from 1977 through 1986. Rates shown apply only to married persons filing joint returns beginning in 1948. Does not include either the add on minimum tax on preference items (1970-1982) or the alternative minimum tax (1979-present). Also, does not include the effects of the various tax benefit phase-outs (e.g. the personal exemption phase-out). From 1922 through 1986 and from 1991 forward, lower rates applied to long-term capital gains.

2 After earned-income deduction equal to 25 percent of earned income.

3 After earned-income deduction equal to 10 percent of earned income.

4 Exclusive of Victory Tax.

5 Subject to the following maximum effective rate limitations.

[year and maximum rate (in percent)] 1944-45 –90; 1946-47 –85.5; 1948-49 –77.0; 1950 –87.0; 1951 –87.2; 1952-53 –88.0; 1954-63 –87.0.

6 Includes surcharge of 7.5 percent in 1968, 10 percent in 1969, and 2.6 percent in 1970.

7 Earned income was subject to maximum marginal rates of 60 percent in 1971 and 50 percent from 1972 through 1981.

8 Beginning in 1975, a refundable earned-income credit is allowed for low-income individuals.

9 After tax credit is 1.25 percent against regular tax.

10 The benefit of the first rate bracket is eliminated by an increased rate above certain thresholds. The phase-out range of the benefit of the first rate bracket was as follows: Taxable income between $71,900 and $149,250 in 1988; taxable income between $74,850 and $155,320 in 1989; and taxable income between $78,400 and $162,770 in 1990. The phase-out of the benefit the first rate bracket was repealed for taxable years beginning after December 31, 1990. This added 5 percentage points to the marginal rate for those by the phaseout, producing a 33 percent effective rate.

11 Rates for 2003 are after enactment of the Jobs and Growth Tax Relief Reconciliation Act. Prior to enactment the rates were 10% up to $12,000 and 38.6% on amounts over $311,950.

12 The 2011 rates were extended for two years after enactment of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

Sources: Joint Committee on Taxation, “Overview of Present Law and Economic Analysis Relating to Marginal Tax Rates and the President’s Individual Income Tax Rate Proposals” (JCX-6-01), March 6, 2001, and Congressional Research Service, “Statutory Individual Income Tax Rates and Other Elements of the Tax System: 1988 through 2008,” (RL34498) May 21, 2008. Tax Foundation, “Federal Individual Income Tax Rates History: Income Years 1913-2011,”

http://ntu.org/tax-basics/history-of-federal-individual-1.html

Paul Samuelson and Tax Policy in the Kennedy
Administration

Joseph J. Thorndike

“…Recovery from the recession of 1958 had been anemic. The nation had never
returned to anything like high employment, with more than 5 percent of workers
continually idle: “A most disappointing performance in comparison with earlier
post-war recoveries and desirable social goals.” Such sluggishness threatened to
become permanent, unless Congress did something to foster not just short-term
recovery, but long-term growth.

Expansionary fiscal policy was the only viable solution, Samuelson explained,
because monetary policy was constrained by a chronic balance of payments
deficit. Policymakers should move quickly to increase and accelerate spending
programs that were “desirable for their own sake.” They should also boost
unemployment benefits, foster residential housing construction through various
incentives, and pursue a variety of other socially desirable spending programs,
including urban renewal and natural resource development.

Tax Cuts

Samuelson warned that additional spending might not be
enough to win the battle against recession — and keep it won. In that case, the
nation must turn to a second line of economic defense: tax cuts. Samuelson
understood that expansionary tax cuts were controversial, not least because they
seemed to flout the hoary traditions of fiscal conservatism. If deficits were a
natural byproduct of recession, then making them even bigger by slashing tax
rates seemed rash — at least to many policymakers.

But Samuelson directly challenged such atavistic orthodoxies. Deficits that
arose from stimulatory fiscal policy were not just tolerable, but desirable.
They had to be distinguished, he insisted, from shortfalls brought on by
excessive spending:

The deficits that come automatically from recession or which are a necessary part of a determined effort to restore the economic system to health are quite different phenomena [from deficits driven by out-of-control spending].They are signs that our automatic built-in stabilizers are working, and that we no longer will run the risk of going into one of the great depressions that characterized our economic history before the war.

In the face of persistently high unemployment, policymakers should enact temporary tax cuts,
Samuelson advised. “Congress could legislate, for example, a cut of three or
four percentage points in the tax rate applicable to every income class, to take
effect immediately under our withholding system, in March or April and to
continue until the end of the year,” he wrote. Also, the president might be
granted authority to extend those tax cuts for six months or a year after their
initial expiration.

Tax cuts must be temporary, however, if only to preserve the nation’s
long-term fiscal health. “With the continued international uncertainty and with
new public programs coming up in the years ahead,” Samuelson wrote, “sound
finance may require a maintenance of our present tax structure, and any
weakening of it in order to fight a recession might be tragic.”

The report left room for more permanent reductions in personal income tax
rates, which most economists considered excessively high. But such cuts should
be part of more fundamental tax reform, including efforts to broaden the tax
base by reducing preferences. That sort of tax program should be advanced on its
own merits, Samuelson wrote, not as part of an antirecession package.

A Moderate Manifesto

Samuelson’s report was ambitious, but it
was hardly radical. By stressing a few relatively moderate spending increases —
and the acceleration of existing spending programs — it sought to draft
expansionary fiscal policy out of existing spending priorities. It also stressed
that major new spending programs should await further analysis of the
economic situation.

“It is just as important to know what not to do as to know what to do,” the
report noted. “What is definitely not called for in the present situation is a
massive program of hastily devised public works whose primary purpose is merely
that of making jobs and getting money pumped into the economy.” The New Deal was
replete with such spending, but 1961 was not 1933. There was no need to “push
the panic button and resort to inefficient spending devices,” the report said.

The Samuelson report received a generally warm welcome, especially from the
press. Most observers seemed to understand that it was carefully designed to put
a moderate face on Democratic policies, and they valued the effort. Still, not
everyone was convinced that it would succeed. “The recommendations, of course,
are those of a small group of men operating independently of the many political
and bureaucratic factors that go into the formation of national policy,” The
New York Times
observed. “That gives the recommendations the virtue of being
relatively ‘pure,’ but it also makes them subject to some revision in the
government wringer.”9

http://www.taxhistory.org/thp/readings.nsf/ArtWeb/AAFB5F763226FD37852576A80075F253?OpenDocument

Economics USA, Fiscal Policy

The Kennedy Tax Cut John F. Kennedy took office as the country was
already beginning its recovery from the Recession of 1960, but unemployment
remained high. Kennedy’s advisors realized the government would soon be taking
in ore than it was spending. That surplus would stop economic growth, well short
of full employment. That could be corrected in two ways: by tax cuts or
increased expenditures. Kennedy was committed to tax cuts despite calls from
John Kenneth Galbraith, a long-time friend, who lobbied that social programs on
the behalf of the poor were in need of more support. The Treasury Department was
dubious about a big tax-cut and wanted only a 4 billion cut. Kennedy advisor and
chairman of the Council of Economic Advisors Walter Heller was pushing for a 12
billion cut. Kennedy tried to sell the $12 billion tax-cut to a reluctant
congress. Congress passed the Kennedy tax program following his death. The
economy immediately took off in a burst of prosperity.

Comment and
Analysis by Richard Gill.
What the tax cut did was simply give more
disposable income to consumers. It shifted private spending up. The gap between
spending and full employment was eradicated.. The apparent success of the
tax-cut of 1964 was hailed by many as a total vindication of Keynesian ideas

http://www.crawfordsworld.com/rob/ape/EconU$A/Pgm06.html

Economic Policy and the Road to Serfdom: The Watershed of 1913
Brian Domitrovic

“…The answer to the first question is that the saved pay did not retain its value, meaning that one cannot really hold that there had been a true return to full employment during the war. From 1944 to 1948, the United States experienced inflation of 42 percent (the Fed had been expansionist again), devaluing savings accrued before that time. Moreover, redemptions of U.S. war bonds (where so much of workers’ pay had gone during World War II) were taxed at one’s marginal income tax rate, and rates were jacked up across the board, the top one reaching 91 percent. Therefore, when World War II employees redeemed the bonds after the war, the World War II employer—the government—recovered much of what it had laid out in pay to its workers. A conservative estimate is that given inflation and taxes, the average World War II worker lost half of his or her pay to the government. In economic terms, this means that World War II solved the unemployment problem of the 1930s only half as much as is commonly supposed.

As for the second question, GDP fell precipitously from 1944 to 1947, by 13 percent, as prices soared. This was a clear indication that the growth of the war years was artificial. Nonetheless, living standards improved, as the real sector made huge inroads into the government’s share of economic production. Then a transition hit: the postwar inflation stopped. This occurred because the U.S. government focused on its commitment to the world made at the 1944 Bretton Woods conference that it would not overproduce the dollar so as to jeopardize the $35 gold price. And when Republicans won control of Congress in 1946, they insisted on getting a tax cut; they finally passed it over President Harry Truman’s veto in April 1948. The institutions of 1913 had signaled a posture of retreat.

That is when postwar prosperity got going. From 1947 to 1953, growth rolled in at the old familiar rate of 4.6 percent per annum, as unemployment dived and prices stayed at par except for a strange 8 percent burst just as the Korean War started.

Taxes were still high, however, with rates that started at 20 percent and peaked at 91 percent. When recession hit in 1953, a chorus rose that they be hacked away. But for the eight years of his presidency, Dwight D. Eisenhower resisted these calls for tax relief. Despite the common myth of “Eisenhower prosperity,” the years 1953 to 1960 saw economic growth far below the old par, at only 2.4 percent, and there were three recessions during this period. Monetary policy, for its part, was unremarkable. Once again the coincidence held: unremarkable monetary policy and aggressive tax policy led to a half-baked result.

Much ink has been spilled on how the JFK tax cuts of 1962 and 1964 were “Keynesian” and “demand-side.” Whatever we want to call the policy mix of the day, in the JFK and early Lyndon B. Johnson years, fiscal and monetary policy clearly retreated. Income taxes got cut across the board, with every rate in the Eisenhower structure going down, the top from 91 percent to 70 percent, the bottom from 20 percent to 14 percent. And monetary policy zeroed in (at least through 1965) on a stable value of the dollar, with the gold price and the price level sticking at par after making startling moves up with the final Eisenhower recessions. The results: from 1961 to 1968, real U.S. growth was 5.1 percent yearly; unemployment hit peacetime lows; and inflation held in the heroic 1 percent range before the latter third of the period, when it began creeping up by a point a year. The real effects inspired slogans. If four decades prior had been the “Roaring ’20s,” these were the “Swingin’ ’60s” and “The Go-Go Years.”

At the end of the decade, however, the government loudly signaled a reversal in fiscal and monetary policy. The Fed volunteered that it would finance budget deficits, and LBJ pleaded for and got an income tax surcharge, soon accompanied (under Richard M. Nixon) by an increase in the capital-gains rate on the order of 100 percent. This two-front reassertion of fiscal and monetary policy held for a dozen years. The nickname eventually given to that period, in view of the real effects, was the “stagflation era” (for stagnation plus inflation). From 1969 to 1982, real GDP went to half that of the Go-Go Years, to 2.46 percent; the price level tripled (with gold going up twentyfold); average unemployment roughly doubled to 7.5 percent; three double-dip recessions occurred; and stocks and bonds suffered a 75 percent real loss. It was the worst decade of American macroeconomic history save the 1930s …”

http://www.firstprinciplesjournal.com/articles.aspx?article=1484

How the Government Dealt With Past Recessions

Since the Great Depression, presidents have frequently experimented with Keynesian economics to combat recessions. Three economists chronicle the history of government policy during past recessions and explain what worked and what didn’t.
FISCAL POLICY: ITS MACROECONOMIC PERSPECTIVEby James Tobin
“…In making a major cut in federal income taxes the centerpiece of his program,
George w. Bush has followed two influential precedents, one of Democratic
Presidents Kennedy and Johnson in 1962-64 and the other of course that of
Republican President Reagan in 1981. Candidate Bob Dole obeyed Republican
tradition by proposing in his 1996 campaign a 15% across-the-board cut in income
tax rates. Instead the reelection of Bill Clinton continued the regime of fiscal
discipline and monetary wisdom begun by Treasury Secretary Rubin and Federal
Reserve Chairman Greenspan in 1993. The economy and the federal budget were
doing so well in election year 2000 that it seemed unlikely that young Mr. Bush
could be elected, much less succeed in reviving Reaganomic fiscal policies. Yet
now in 2001 it seems quite probable that a substantial permanent cut in income
taxes will be enacted, along with an emergency package to encourage spending
soon this year.
The story of macroeconomic and fiscal developments over the last
forty years is an amalgam of economic theory, politics, and ideology. I admit to
being both a Keynesian and a neoclassical economist and both a liberal and a
conservative in public policy. I was an adviser to President Kennedy, and an
informal consultant to other Democratic candidates. Win or lose, my advice was
very often not taken. In 1962-64, when JFK first considered and then recommended
cutting taxes, the economy was hesitantly recovering from the 1959-60 recession.
Kennedy’s first measures were incentives for business plant and equipment
investments, accelerated depreciation allowances and tax credits. The major tax
legislation, in 1964, was intended to keep the recovery from petering out
prematurely. Unemployment had fallen from 7% at JFK’s inauguration in 1961 to
the 5-6% range, but the Administration’s target was 4%. It was reached in 1965.
The stimulus of the tax cut was unexpectedly augmented by spending for Vietnam.
The combined spending was excessive, reducing unemployment a point below the 4%
target and unleashing unwelcome inflation in 1966-68. President Johnson
belatedly and reluctantly was persuaded to prevail on the Congress to raise
taxes temporarily in 1968. It was too late, and the Nixon Administration
inherited a difficult economy. Moral: unforeseen events may make you regret a
permanent loss of federal revenue, and it is awfully difficult ever to raise
taxes. This is even truer now that any tax increase is a deadly sin in the
litany of the G.O.P.
REAGAN’S 1981 CUT: SUPPLY-SIDE REFORM WAS DEMAND STIMULUS
INSTEAD

Ronald Reagan’s tax cut took effect at the depths of the worst
recession since World War II. Unemployment had hit double digits. This was the
cost of the crusade of the Federal Reserve under Chairman Paul Volcker against
an inflation that itself had in 1979-80 hit double digits. The tax cut was a big
stimulus to consumer and business spending, reinforced by Reagan’s buildup of
the U.S. military.

The period 1981-88 was one of recovery from the recession,
bringing unemployment back down to 6%. The high year-to-year rates of increase
of economic activity and real Gross Domestic Product (GDP) during such
business-cycle upswings reflect the re-employment of idle resources, both
workers and industrial capacity. This additional output growth is the essence of
prosperity. But this pace cannot be sustained. Once the economy returns to full
employment, the economy can grow only at its long-run sustainable rates of
increase in the supplies of economic resources and, especially, in their
productivity.

The architects of Reaganomics styled themselves Supply-Siders.
They scorned the Demand-Side theories and policies they attributed to John
Maynard Keynes and to his “liberal” followers, whom they held responsible for
the stagflation of the 1970s. In their view the Federal Reserve could and should
control inflation by stabilizing the supply of money, as preached in the
Monetarism of Milton Friedman. Keynesians were, they argued, dangerously wrong
to think that demand-side stimuli to spending could lift employment, GDP, and
economic welfare. Instead what the country needs are policies to enhance supply,
in particular by lowering taxes, providing incentives to work, save, innovate,
take risks. That was the spirit and the purpose of Reagan fiscal policy.

In practice Reaganomics turned out to be the biggest and most
successful Demand-side fiscal gambit in peacetime U.S. history. What it was not
was what it was intended to be, a Supply-side transformation of the economy.
There was zero evidence that the American economy’s capacity to produce goods
and services at full employment was any greater at the end of the
eighties than would have been prophesied a decade earlier without Reagan fiscal
policy. The trend of productivity growth was the same as before.

These Supply-side failures may seem surprising, since income tax
cuts were meant to embody incentives for more productive and innovative
behavior. Unfortunately these cuts in tax rates also bring windfalls for
behavior that already took place. For example, offering concessions for capital
gains on future acquisitions of assets might be socially useful, while reducing
taxes on gains realized on holdings bought years ago clearly is not. The test is
whether the taxpayer must in order to benefit change his behavior in the desired
supply-side direction. If yes, the touted incentives work. If no, the individual
taxpayers’ gains have to be defended otherwise, as deserved and just.
Undergraduate microeconomics students know the difference between the “income
effects” and “substitution effects” of variations in prices or taxes. The
substitution effects are responses to incentives, but they are often outweighed
by income effects in the perverse direction. Income effects may sometimes be
what the doctor ordered, more consumer spending. But those effects can overwhelm
Supply-side objectives. A cut in marginal income tax rates may elicit more work
from some taxpayers, but workers whose taxes are reduced anyway may take some of
their gains in leisure. The same objections apply to tax credits intended to
induce desirable behavior, for example saving or paying school and college
tuitions. These devices have long been favorites of politicians in both
parties. …”

http://www.econ.yale.edu/news/tobin/jt_01_tp_perspective.htm

Econ 101: How do Tax Cuts Work?

Despite the medias portrayal, tax cuts for the rich arent bad and they boost the economy.

By Gary Wolfram, Ph.D.

http://www.mrc.org/bmi/commentary/2006/Econ__How_do_Tax_Cuts_Work_.html

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American Citizens for Fiscal Responsibility

“A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.”
~Thomas Jefferson

 

Fiscal Responsibility Pledge

I, ________________________________________, pledge to the taxpayers of the state

of ____________________________, and to the American people that I will:

1.  Support and vote for only balanced budgets or surplus budgets where total estimated Federal government tax revenues for each fiscal year equals or exceeds  total estimated Federal government spending outlays.

2. Support and vote for only decreases in the national debt ceiling.

3. Support and vote for the FairTax. The FairTax  abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax on new goods and services, and  administered primarily by existing state sales tax authorities. Once enacted any changes in the FairTax or increases in the FairTax rate will require two-thirds  roll call vote of the House of Representatives and Senate.

4. Support and vote for the repeal of the 16th Amendment to the Constitution of the United States.

5. Support and vote for a balanced budget Amendment to the Constitution of the United State which allows budget surpluses or requires the balancing of tax revenues and spending outlays  each fiscal year, limits Federal Government spending to eight-teen percent (18%) of Gross Domestic Product or less, requires a two-thirds majority roll call vote for any proposed tax increase in the House of Representatives and Senate and  where the only exception to a surplus budget or  balanced budget is the passage of a declaration of war that would require unbalanced budgets and increases in the national debt.

 

___________________________________________       ___________________________________

Signature                                                                                                      Date Signed

 

__________________________________________         ___________________________________

Witness                                                                                                         Witness

 

Pledge must be signed, dated, witnessed and returned to the:

 American Citizens for Fiscal Responsibility

10455 N. Central Expressway-#109-228

Dallas, Texas 75231

 

Background Articles and Videos

Dan Mitchell Exposing DC’s Fake Spending-Cut Scam with Judge Napolitano

 

It’s Simple to Balance The Budget Without Higher Taxes

 

US bankruptcy, fiscal ‘child abuse’ and six-decade Ponzi scheme

 

 

Next Generation To Suffer From Fiscal Gap…Kotlikoff Says!

 

Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending

 

“Cut, Cap and Balance,” the Debt Ceiling and Federal Spending

 

Underwhelming Spending Cuts from Congress and Obama

 

Obama/Boehner’s Phony Spending Cuts

 

House GOP’s $61 Billion Spending Cuts in Perspective

 

 

 

 

Senator Rand Paul Speaks Out Against the Continuing Resolution

 

Our Troubling Tax System

 

What is the FairTax legislation?

 

Lugar Cosponsors the FairTax

 

The FairTax: It’s Time

FairTax.org

http://www.fairtax.org/site/PageServer?pagename=about_main

Ron Paul Ad – Conviction

DEBT CEILING | Ron Paul | Debt Crisis

Michele Bachmann: Courage

 

 

Raising the Debt Ceiling: It Just Makes Sense. Not.

 

 

U.S. Senator Mike Lee Proposes a Constitutional Amendment to Limit Congress’ Spending

America is bankrupt

Laurence Kotlikof

“…THE US has a fiscal gap—the present value of all its future spending (including servicing its official debt) less all its future taxes of $202 trillion—almost 14 times GDP. Greece, by comparison, has a fiscal gap of about 11 times GDP. To close the US fiscal gap would require raising all federal taxes, immediately and permanently by almost two thirds!

The Economist as well as all other financial media as well as virtually all economists (academic and business) and policymakers are focusing on the official debt. For the US, the official debt is $9 trillion. This is minor compared to the fiscal gap, which includes all liabilities, official and unofficial. The fiscal gap is huge compare to the official debt because Uncle Sam has spent six decades accumulating massive obligations to make social insurance payments, which it carefully kept off the books. …”

http://www.economist.com/economics/by-invitation/guest-contributions/america_bankrupt

U.S. funding for future promises lags by trillions

By Dennis Cauchon, USA TODAY

“…The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.

This gap between spending commitments and revenue last year equals more than one-third of the nation’s gross domestic product.

Medicare alone took on $1.8 trillion in new liabilities, more than the record deficit prompting heated debate between Congress and the White House over lifting the debt ceiling.

Social Security added $1.4 trillion in obligations, partly reflecting longer life expectancies. Federal and military retirement programs added more to the financial hole, too.

Corporations would be required to count these new liabilities when they are taken on — and report a big loss to shareholders. Unlike businesses, however, Congress postpones recording spending commitments until it writes a check.

The $61.6 trillion in unfunded obligations amounts to $528,000 per household. That’s more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.

“The (federal) debt only tells us what the government owes to the public. It doesn’t take into account what’s owed to seniors, veterans and retired employees,” says accountant Sheila Weinberg, founder of the Institute for Truth in Accounting, a Chicago-based group that advocates better financial reporting. “Without accurate accounting, we can’t make good decisions.” …”

http://www.usatoday.com/news/washington/2011-06-06-us-owes-62-trillion-in-debt_n.htm

A SUMMARY OF THE 2011 ANNUAL REPORTS
Social Security and Medicare Boards of Trustees


A MESSAGE TO THE PUBLIC:

Each year the Trustees of the Social Security and Medicare trust funds report on the current and projected financial status of the two programs. This message summarizes our 2011 Annual Reports.

The financial conditions of the Social Security and Medicare programs remain challenging. Projected long-run program costs for both Medicare and Social Security are not sustainable under currently scheduled financing, and will require legislative modifications if disruptive consequences for beneficiaries and taxpayers are to be avoided.

The long-run financial challenges facing Social Security and Medicare should be addressed soon. If action is taken sooner rather than later, more options and more time will be available to phase in changes so that those affected have adequate time to prepare. Earlier action will also afford elected officials with a greater opportunity to minimize adverse impacts on vulnerable populations, including lower-income workers and those who are already substantially dependent on program benefits.

Both Social Security and Medicare, the two largest federal programs, face substantial cost growth in the upcoming decades due to factors that include population aging as well as the growth in expenditures per beneficiary. Through the mid-2030s, due to the large baby-boom generation entering retirement and lower-birth-rate generations entering employment, population aging is the largest single factor contributing to cost growth in the two programs. Thereafter, the continued rapid growth in health care cost per beneficiary becomes the larger factor.

http://www.ssa.gov/OACT/TRSUM/index.html

Neither the Republican Party nor Democratic Party Fiscal Year 2012 budget proposals are the road to peace and prosperity but a Tea Party budget with balanced budgets most definitely is:

Which Budgets Are Balanced And Living Within The Means of The American People?

 

4/5/11 Republican Leadership Press Conference

 

O’Reilly — Does Obama Care About the Economy?

 

Democrats’ Budget Plan – “Blank Check”

 

Democratic Party Budget Proposals

S-1 FY2012 President’s Budget

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,819 2,174 -1,645 10,856
2012 3,729 2,627 -1,101 11,881
2013 3,771 3,003 -768 12,784
2014 3,977 3,333 -646 13,562
2015 4,190 3,583 -607 14,301
2016 4,468 3,819 -649 15,064
2017 4,669 4,042 -627 15,795
2018 4,876 4,257 -619 16,513
2019 5,154 4,473 -681 17,284
2020 5,442 4,686 -735 18,103
2021 5,697 4,923 -774 18,967
2012-2021 45,952 38,747 -7,205 n.a.

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

Republican Party Budget Proposals

S-1 FY2012 Chairman’s Markup

(Nominal Dollars in Billions)

Fiscal Year Outlays Revenues Deficits Debt Held By Public
2011 3,618 2,230 -1,388 10,351
2012 3,529 2,533 -995 11,418
2013 3,559 2,860 -699 12,217
2014 3,586 3,094 -492 12,801
2015 3,671 3,237 -434 13,326
2016 3,858 3,377 -481 13,886
2017 3,998 3,589 -408 14,363
2018 4,123 3,745 -379 14,800
2019 4,352 3,939 -414 15,254
2020 4,544 4,142 -402 15,681
2021 4,739 4,354 -385 16,071
2012-2021 39,958 34,870 -5,088 n.a.

http://budget.house.gov/UploadedFiles/PathToProsperityFY2012.pdf

Sen. Toomey Unveils his FY 2012 Budget

Senator Pat Toomey Talks with Michael Medved about his Budget

S-1 FY2012 Senator Pat Toomey(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurplus Debt Held By Public
2011 3,625 2,230 -1,351 10,351
2012 3,477 2,538 -919 11,418
2013 3,485 2,964 -521 12,217
2014 3,509 3,216 -291 12,801
2015 3,623 3,391 -233 13,326
2016 3,765 3,524 -241 13,886
2017 3,853 3,736 -117 14,363
2018 3,955 3,916 -39 14,800
2019 4,140 4,108 -32 15,254
2020 4,302 4,325 23 15,681
2021 4,493 4,566 73 16,071
2012-2021 38,602 36,304 -2298 n.a.

http://www.scribd.com/doc/55116239/Restoring-Balance-Final

SA@TAC – The GOP, War and the Debt

3/09/11: Sen. Rand Paul on balancing the budget

03/17/11: Sen. Rand Paul Introduces Five-Year Balanced Budget Plan

S-1 FY2012 Senator Rand Paul(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues DeficitsSurpluses Debt Held By Public
2011 3,708 2,228 -1,480 10,430
2012 3,100 2,547 -553 11,051
2013 3,152 2,755 -397 11,532
2014 3,227 3,088 -139 11,748
2015 3,360 3,244 -116 11,942
2016 3,430 3,349 19 11,997
2012-2016 16,269 15,083 -1,188 n.a.

http://campaignforliberty.com/materials/RandBudget.pdf

Tea Party Budget Proposals

S-1 FY2012 Tea Party’s Balanced/Surplus Budget(Nominal Dollars in Billions)
Fiscal Year Outlays Revenues Surpluses Debt Held By Public
2012 2,500 2,500 0 10,900
2013 2,800 2,800 0 10,900
2014 3,000 3,000 0 10,900
2015 3,200 3,200 0 10,900
2016 3,300 3,300 0 10,900
2017 3,400 3,500 100 10,800
2018 3,500 3,700 200 10,600
2019 3,600 3,900 300 10,300
2020 3,700 4,000 300 10,000
2021 3,800 4,300 500 9,500
2012-2021 32,800 34,200 1,400 n.a.

Related Posts On Pronk Palisades

The President Obama Exposed As An Empty Suit That Negotiates In Bad Faith With No Democratic Party or Presidential Plan–All Talk and No Walk–Videos

The Pronk Plan for A Peace and Prosperity Economy–Videos

 

Related Posts On Pronk Pops

Pronk Pops Show 37, July 20, 2011–Segment 0: President Obama Lies and Scares People On Social Security–Stop Spending and Balance The Budget!–Videos

Pronk Pops Show 37, July 20, 2011: Segment 1: The American People’s Solution To Economic Stagnation: Increase National Debt Ceiling By $2,000 Billion To $16,300 Billion In Exchange For Passage of A Balanced Budget Amendment And The FairTax Bills And Repealing The Income Tax 16th Amendment To U.S. Constitution–A Balanced, Fair And Transparent Approach To Creating Jobs and Growing A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 2: It’s Time For A Permanent, Prevasive and Predictable Stimulus Package–The FairTax–Launching A Peace and Prosperity Economy–Videos

Pronk Pops Show 37, July 20, 2011: Segment 3: Senator Tom Coburn’s

Read Full Post | Make a Comment ( 1 so far )

Senator Tom Coburn’s $9,000 Billion Deficit Reduction Plan–Videos

Posted on July 18, 2011. Filed under: Agriculture, American History, Banking, Blogroll, Communications, Economics, Employment, Farming, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Inflation, Investments, Language, Law, liberty, Life, Links, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Rants, Raves, Regulations, Security, Taxes, Video, Wealth, Wisdom | Tags: , , , , , , , |

 

 

Pronk Pops Show 37:July 20, 2011

Pronk Pops Show 36:July 13, 2011

Pronk Pops Show 35:July 6, 2011

Pronk Pops Show 34:June 29, 2011

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 22 (Part 2)-26

Listen To Pronk Pops Podcast or Download Shows 16-22 (Part 1)

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Segment 3: Senator Tom Coburn’s $9,000 Billion Deficit Reduction Plan–Videos

Sen. Tom Coburn (R-OK) Unveils $9 Trillion Deficit Reduction Plan

“…Today, July 18, 2011, Senator Tom Coburn (R-OK) offered a plan to cut the U.S. deficit by $9 trillion over the next 10 years. The Senator’s plan includes tax reform measures recommended by the President’s own commission on deficit reduction, cuts to defense spending, structural entitlement reform and contains a run-away federal workforce. You might not like this plan, nor the Paul Ryan plan, but it’s at least a plan. Democrats have so far refused to put pen to paper. …”

Sen. Tom Coburn proposes budget plan to cut $9 trillion over next decade

Sen. Coburn Reveals Deficit Reduction Plan

Sen. Coburn: Worst Tax Comes From Government Printing Money

Senator Tom Coburn Tells Me Why He Likes Bloggers

 

“…U.S. Senator Tom Coburn, M.D. (R-OK) today released a new report “Back in Black” that outlines how the federal government can reduce the deficit by $9 trillion over the next ten years and balance the federal budget. The 614-page plan was the result of a thorough and exhaustive review of thousands of federal programs.

“The American people are tired of Washington waiting until the last minute to avoid a crisis, particularly when it is a crisis Washington itself created. The crisis, though, is not the debt limit deadline. The crisis is Congress’ refusal to make hard choices and reduce a debt that has become our greatest national security threat. The plan I am offering today gives Washington 9 trillion reasons to stop making excuses and start solving the problem,” Dr. Coburn said.

“Both parties will no doubt criticize portions of this plan and I welcome that debate. My goal is not to replace the work of the budget committees but to show the American people what is possible and necessary. What is not acceptable, however, is not having a plan and delaying reform until some perfect political moment that will never arrive. The fact is doing nothing is a tax increase, a benefit cut for seniors and the poor, and a betrayal of the core values both parties hold dear,” Dr. Coburn said.

Dr. Coburn’s full report is here. A section by section outline of the report is here. A summary of savings is here. Highlights of the report here. …”

http://coburn.senate.gov/public/index.cfm/pressreleases?ContentRecord_id=1d817708-76ed-4b2b-9cc2-076415409d44

 

Details of Sen. Tom Coburn’s $9 trillion plan to balance the budget released

U.S. Sen. Tom Coburn, R-Muskogee, would change entitlements, end numerous tax loopholes and cut military spending by $1 trillion to balance the federal budget.

“…Would save about $9 trillion over 10 years, including $3 trillion from entitlements, $3 trillion from government departments and agencies, $1 trillion from defense, $1 trillion from ending or modifying tax breaks and deductions, and $1 trillion in interest on the debt.

Would reduce the size of government by 25 percent over 10 years.

Would balance the budget within 10 years.

Read more: http://newsok.com/details-of-sen.-tom-coburns-9-trillion-plan-to-balance-the-budget-released/article/3586676#ixzz1SVt1zave

Coburn proposes $9 trillion deficit cut measure

ANDREW TAYLOR

“…The plan by Sen. Tom Coburn, R-Okla., is laced with politically perilous proposals like raising to 70 the age at which people can claim their full Social Security benefits. It would cut farm subsidies, Medicare, student aid, housing subsidies for the poor, and funding for community development grants. Coburn even takes on the powerful veterans’ lobby by proposing that some veterans pay more for medical care and prescription drugs.

Coburn would also eliminate $1 trillion in tax breaks over the coming decade, earning him an immediate rebuke from Americans for Tax Reform, an anti-tax organization with which Coburn has had a running feud. He would block taxpayers from claiming the mortgage interest deduction on second homes and limit it to homes worth $500,000. He would also ease taxpayers into higher tax brackets more quickly by using a smaller measure of inflation to adjust the brackets.

Coburn was a member of President Barack Obama’s fiscal commission and voted for its plan to cut the budget by about $4 trillion over a decade. He recently dropped out of the closely watched “Gang of Six” senators seeking a bipartisan agreement to rein in deficits and break through the partisanship engulfing official Washington over the deficit.

His re-entry into the deficit debate comes as Obama and lawmakers struggle over increasing the so-called debt limit and avoid a first-ever default on U.S. obligations.

Coburn’s $9 trillion savings figure doesn’t include another $2.4 trillion in cuts to Social Security that are funneled back into the program. In addition to raising the retirement age gradually, he would peg future benefits to a less-generous measure of inflation and curb benefit increases even more for the top 40 percent of earners. …”

“…Cuts to the Medicare program for the elderly and the Medicaid health plan for the poor and disabled would total $2.6 trillion over 10 years, far more than proposed by the fiscal commission or House Republicans. He proposes raising the Medicare retirement age to 67 by 2027 and then gradually increasing it until the retirement age hits 69 in 2080. It would also raise Medicare premiums for doctor visits so that premiums pay 35 percent of such costs instead of the 25 percent currently covered.

Coburn would cut $1 trillion from the Pentagon budget over a decade. He would block military retirees from the Tricare Prime health care plan, the option with the lowest out-of-pocket cost, saving $115 billion, and he would raise the prescription drug copayment under the program, as well as require higher out-of-pocket fees. He also would reduce the fleet of aircraft carriers from 11 to 10 and Navy air wings from 10 to nine.

“I have no doubt that both parties will criticize portions of this plan, and I welcome that debate,” Coburn told reporters. “But it’s not a legitimate criticism until you have a plan of your own.” …”

Read more: http://newsok.com/coburn-proposes-9-trillion-deficit-cut-measure/article/feed/277294#ixzz1SVv9PdWz

Read more: http://newsok.com/coburn-proposes-9-trillion-deficit-cut-measure/article/feed/277294#ixzz1SVuTvAOK

 

Finally some adult supervision in the Senate.

In order to come even close to balancing the budget over the next ten years requires spending cuts of over $10,000 billion over the next ten years.

Senator Coburn is the first Senator to even come close to this.

Senator Rand Paul is another Senator who understands the urgency and magnitude of the problem.

That said I would much prefer implementing the FairTax over trying to reform the existing Federal income tax system.

Also, I prefer Paul Ryan’s approach to reforming Medicare by letting consumers purchase their own health insurance plan.

I applaud Senator Coburn’s courage in his Back To Black approach to fiscal responsibility and sanity.

A great first rough draft.

Keep up the good work.

I would like to see the revenues and outlays by fiscal year as broken down in the President’s U.S Budget proposals and the Republican proposals by fiscal year over the entire ten year period.

This should be forthcoming if the proposal is to be taken seriously.

Background Articles and Videos

Tom Coburn on U.S. Debt Limit: Political Capital With Al Hunt

Sen. Lieberman, Coburn Spell Out Their Plan to Save $600B

Senator Coburn “The President Submits A Budget To The Senate & No One Agrees To Vote For It!” pt.1

Senator Coburn “The President Submits A Budget To The Senate & No One Agrees To Vote For It!” pt.2

Dr. Coburn addressing underlying problems with the food safety bill

Related Posts On Pronk Palisades

Senator Tom Coburn–A Real Conservative and An Excellent Vice-President Candidate

Read Full Post | Make a Comment ( None so far )

The FairTax (National Consumption Sales Tax) vs. The Flat Tax (One Rate Federal Income Tax)–Who Pays The Most Federal Individual Income Tax? Videos

Posted on April 9, 2011. Filed under: American History, College, Economics, Education, Employment, Fiscal Policy, government, government spending, history, Language, Law, liberty, Life, Links, media, People, Philosophy, Politics, Psychology, Raves, Taxes, Technology, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , |

“The income tax created more criminals than any other single act of government.”
~Barry Goldwater

Income Tax vs. Consumption Tax

 

What is the FairTax legislation?

“…What is the FairTax plan?

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 13) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax  administered primarily by existing state sales tax authorities.

The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.

The FairTax:

  • Enables workers to keep their entire paychecks
  • Enables retirees to keep their entire pensions
  • Refunds in advance the tax on purchases of basic necessities
  • Allows American products to compete fairly
  • Brings transparency and accountability to tax policy
  • Ensures Social Security and Medicare funding
  • Closes all loopholes and brings fairness to taxation
  • Abolishes the IRS

We offer a library of information throughout this Web site about the features and benefits of the FairTax plan. Please explore! …”

http://www.fairtax.org/site/PageServer?pagename=about_main

 

The FairTax: It’s Time

 

Tom Wright on the FairTax part 1

 

Why is the FairTax better than a flat income tax?

 

Dan Mitchell explains the fair tax

 

Laura Ingraham Interviews John Linder And Steve Forbes On Fair Tax Or Flat Tax

 

Five Key Reasons to Reject Class-Warfare Tax Policy

Who Pays Federal Income Taxes?

 

Uncle Sam Wants Your Money

 

It’s Simple to Balance The Budget Without Higher Taxes

Controlling Leviathan: The Battle for Limited Government

Question and Answer Session: The Fight Against Big Government

 

Table 1
Summary of Federal Individual Income Tax Data, 2008

(Updated October 2010)

  Number of Returns with Positive AGI AGI
($ millions)
Income Taxes Paid
($ millions)
Group’s Share of Total AGI Group’s Share of Income Taxes Income Split Point Average Tax Rate
All Taxpayers 139,960,580 8,426,625 1,031,512 100% 100% 12.24%
Top 1% 1,399,606 1,685,472 392,149 20.00% 38.02% $380,354 23.27%
1-5% 5,598,423 1,241,229 213,569 14.73% 20.70%   17.21%
Top 5% 6,998,029 2,926,701 605,718 34.73% 58.72% $159,619 20.70%
5-10% 6,998,029 929,761 115,703 11.03% 11.22%   12.44%
Top 10% 13,996,058 3,856,462 721,421 45.77% 69.94% $113,799 18.71%
10-25% 20,994,087 1,821,717 169,193 21.62% 16.40%   9.29%
Top 25% 34,990,145 5,678,179 890,614 67.38% 86.34% $67,280 15.68%
25-50% 34,990,145 1,673,932 113,025 19.86% 10.96%   6.75%
Top 50% 69,980,290 7,352,111 1,003,639 87.25% 97.30% >$33,048 13.65%
Bottom 50% 69,980,290 1,074,514 27,873 12.75% 2.70% <$33,048 2.59%
Source: Internal Revenue Service Table 6

Total Income Tax Shares, 1980-2008 (Percent of federal income tax paid by each group)
Year Total Top 0.1% Top 1% Top 5% Between 5% & 10% Top 10% Between 10% & 25% Top 25% Between 25% & 50% Top 50% Bottom 50%
1980 100%   19.05% 36.84% 12.44% 49.28% 23.74% 73.02% 19.93% 92.95% 7.05%
1981 100%   17.58% 35.06% 12.90% 47.96% 24.33% 72.29% 20.26% 92.55% 7.45%
1982 100%   19.03% 36.13% 12.45% 48.59% 23.91% 72.50% 20.15% 92.65% 7.35%
1983 100%   20.32% 37.26% 12.44% 49.71% 23.39% 73.10% 19.73% 92.83% 7.17%
1984 100%   21.12% 37.98% 12.58% 50.56% 22.92% 73.49% 19.16% 92.65% 7.35%
1985 100%   21.81% 38.78% 12.67% 51.46% 22.60% 74.06% 18.77% 92.83% 7.17%
1986 100%   25.75% 42.57% 12.12% 54.69% 21.33% 76.02% 17.52% 93.54% 6.46%
Tax Reform Act of 1986 changed the definition of AGI, so data above and below this line not strictly comparable
1987 100%   24.81% 43.26% 12.35% 55.61% 21.31% 76.92% 17.02% 93.93% 6.07%
1988 100%   27.58% 45.62% 11.66% 57.28% 20.57% 77.84% 16.44% 94.28% 5.72%
1989 100%   25.24% 43.94% 11.85% 55.78% 21.44% 77.22% 16.94% 94.17% 5.83%
1990 100%   25.13% 43.64% 11.73% 55.36% 21.66% 77.02% 17.16% 94.19% 5.81%
1991 100%   24.82% 43.38% 12.45% 55.82% 21.46% 77.29% 17.23% 94.52% 5.48%
1992 100%   27.54% 45.88% 12.12% 58.01% 20.47% 78.48% 16.46% 94.94% 5.06%
1993 100%   29.01% 47.36% 11.88% 59.24% 20.03% 79.27% 15.92% 95.19% 4.81%
1994 100%   28.86% 47.52% 11.93% 59.45% 20.10% 79.55% 15.68% 95.23% 4.77%
1995 100%   30.26% 48.91% 11.84% 60.75% 19.62% 80.36% 15.03% 95.39% 4.61%
1996 100%   32.31% 50.97% 11.54% 62.51% 18.80% 81.32% 14.36% 95.68% 4.32%
1997 100%   33.17% 51.87% 11.33% 63.20% 18.47% 81.67% 14.05% 95.72% 4.28%
1998 100%   34.75% 53.84% 11.20% 65.04% 17.65% 82.69% 13.10% 95.79% 4.21%
1999 100%   36.18% 55.45% 11.00% 66.45% 17.09% 83.54% 12.46% 96.00% 4.00%
2000 100%   37.42% 56.47% 10.86% 67.33% 16.68% 84.01% 12.08% 96.09% 3.91%
2001 100% 16.06% 33.89% 53.25% 11.64% 64.89% 18.01% 82.90% 13.13% 96.03% 3.97%
2002 100% 15.43% 33.71% 53.80% 11.94% 65.73% 18.16% 83.90% 12.60% 96.50% 3.50%
2003 100% 15.68% 34.27% 54.36% 11.48% 65.84% 18.04% 83.88% 12.65% 96.54% 3.46%
2004 100% 17.44% 36.89% 57.13% 11.07% 68.19% 16.67% 84.86% 11.85% 96.70% 3.30%
2005 100% 19.26% 39.38% 59.67% 10.63% 70.30% 15.69% 85.99% 10.94% 96.93% 3.07%
2006 100% 19.56% 39.89% 60.14% 10.65% 70.79% 15.47% 86.27% 10.75% 97.01% 2.99%
2007 100% 20.19% 40.41% 60.61% 10.59% 71.20% 15.37% 86.57% 10.54% 97.11% 2.89%
2008 100% 18.47% 38.02% 58.72% 11.22% 69.94% 16.40% 86.34% 10.96% 97.30% 2.70%
Source: IRS        

http://www.taxfoundation.org/news/show/250.html

US State Sales Tax Rates – 2010
State
State sales tax rate (January 1st, 2010)%
Alabama
4.0
Alaska
nil
Arizona
5.6
Arkansas
6.0
California
8.25
Colorado
2.9
Connecticut
6.0
Delaware
nil
Florida
6.0
Georgia
4.0
Hawaii
4.0
Idaho
6.0
Illinois
6.25
Indiana
7.0
Iowa
6.0
Kansas
5.3
Kentucky
6.0
Louisiana
4.0
Maine
5.0
Maryland
6.0
Massachusetts
6.25
Michigan
6.0
Minnesota
6.875
Mississippi
7.0
Missouri
4.225
Montana
nil
Nebraska
5.5
Nevada
6.85
New Hampshire
nil
New Jersey
7.0
New Mexico
5.0
New York
4.0
North Carolina
5.75
North Dakota
5.0
Ohio
5.5
Oklahoma
4.5
Oregon
nil
Pennsylvania
6.0
Rhode Island
7.0
South Carolina
6.0
South Dakota
4.0
Tennessee
7.0
Texas
6.25
Utah
4.7
Vermont
6.0
Virginia
5.0
West Virginia
6.0
Wisconsin
5.0
Washington
6.5
Washington DC
6.0
Wyoming
4.0

http://www.usa-sales-use-tax-e-commerce.com/table_sales_rates.asp

The 48 Contiguous States and DC
Persons in family Poverty guideline
1 $10,830
2 14,570
3 18,310
4 22,050
5 25,790
6 29,530
7 33,270
8 37,010
For families with more than 8 persons, add $3,740 for each additional person.

http://www.atdn.org/access/poverty.html

 

Federal income tax rates

1930 – 1960

Historical income tax rates for Married Filing Jointly at stated income levels.[3]

Year $20,001 $60,001 $100,001
1930 10% 21% 25%
1932 16% 36% 56%
1934 19% 37% 56%
1936 19% 39% 62%
1938 19% 39% 62%
1940 28% 51% 62%
1942 55% 75% 85%
1944 59% 81% 92%
1946 56% 78% 89%
1948 56% 78% 89%
1950 56% 78% 89%
1952 62% 80% 90%
1954 56% 78% 89%
1956 38% 62% 75%
1958 38% 62% 75%
1960 38% 62% 75%

Year 2008 income brackets and tax rates

Marginal Tax Rate Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,025 $0 – $16,050 $0 – $8,025 $0 – $11,450
15% $8,026 – $32,550 $16,051 – $65,100 $8,026 – $32,550 $11,451 – $43,650
25% $32,551 – $78,850 $65,101 – $131,450 $32,551 – $65,725 $43,651 – $112,650
28% $78,851 – $164,550 $131,451 – $200,300 $65,726 – $100,150 $112,651 – $182,400
33% $164,551 – $357,700 $200,301 – $357,700 $100,151 – $178,850 $182,401 – $357,700
35% $357,701+ $357,701+ $178,851+ $357,701+

Year 2009 income brackets and tax rates

Marginal Tax Rate[4] Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,350 $0 – $16,700 $0 – $8,350 $0 – $11,950
15% $8,351 – $33,950 $16,701 – $67,900 $8,351 – $33,950 $11,951 – $45,500
25% $33,951 – $82,250 $67,901 – $137,050 $33,951 – $68,525 $45,501 – $117,450
28% $82,251 – $171,550 $137,051 – $208,850 $68,526 – $104,425 $117,451 – $190,200
33% $171,551 – $372,950 $208,851 – $372,950 $104,426 – $186,475 $190,201 – $372,950
35% $372,951+ $372,951+ $186,476+ $372,951+

Year 2010 income brackets and tax rates

Marginal Tax Rate[5] Single Married Filing Jointly or Qualified Widow(er) Married Filing Separately Head of Household
10% $0 – $8,375 $0 – $16,750 $0 – $8,375 $0 – $11,950
15% $8,376 – $34,000 $16,751 – $68,000 $8,376 – $34,000 $11,951 – $45,550
25% $34,001 – $82,400 $68,001 – $137,300 $34,001 – $68,650 $45,551 – $117,650
28% $82,401 – $171,850 $137,301 – $209,250 $68,651 – $104,625 $117,651 – $190,550
33% $171,851 – $373,650 $209,251 – $373,650 $104,626 – $186,825 $190,551 – $373,650
35% $373,651+ $373,651+ $186,826+ $373,651+

http://en.wikipedia.org/wiki/Income_tax_in_the_United_States

 

Background Articles and Videos

 

Why Is The Fair Tax so Controversial–My Contribution to Fair Tax Friday

Mar 25th, 2011 by David Anderson

“…The result is the tax code is 71,684 pages (2010). In 2006, before Pelosi took over, it was 61,845 pages.   In 2005, the federal government estimated that the code and regulations contained 9,097,000 words. That is why it is burdensome.  It is a huge lodestone attaching itself to our economy and weighing us down in the international race for jobs and growth.  Fair Tax advocates say that it costs us 900 dollars per man, woman, boy, and girl in compliance costs.   According the Tax Foundation, it costs us an estimated 368,000,000,000 dollars in compliance cost which is higher than Fair Tax estimates.  Large companies have entire floors devoted to compliance with the tax code not productive activities.

Compare it to the Fair Tax proposal.  It is no comparison.  You are no longer manipulated.   Naturally, charitable donations and education expenses are not taxed.   You are not constantly manipulated. The hand of despotism is vanquished.  We go from 71,00 pages to 36 pages of code.   Compliance costs drop dramatically. 

Even better, we will finally have a tax system designed to grow the economy.   Currently imports get better treatment than domestic production.  The playing field is leveled. Exports won’t be taxed at all.  We will finally be ready to compete in the world.  America will stop destroying and shipping out manufacturing and the orphaned investments kept offshore by our highest in the world corporate income tax will flow back and forth into our economy.  The worst case estimates of growth are 5 to 7%.  Other estimates are as high as 14% growth.  We currently average around 3% and in the last few years struggle to reach 2% growth.  The difference between 2% growth and 6% growth is an economy doubling every 32 years or one doubling every 12 years.  That is huge. …”

http://www.delawarepolitics.net/why-is-the-fair-tax-so-controversial/

Tom Wright on the FairTax part 1

 

Tom Wright on the FairTax part 2

 

Tom Wright on the FairTax part 3

 

Tom Wright on the FairTax part 4

 

Tom Wright on the FairTax part 5

 

Tom Wright on the FairTax part 6

 

Tom Wright on the FairTax part 7

 

Why is the FairTax better than other tax reform efforts?

 

Does the FairTax repeal the federal income tax?

 

How does the FairTax affect the economy?

 

Is the FairTax truly progressive?

 

How does the “prebate” work?

 

Is it fair for rich people to get the same prebate as poor people?

 

Do corporations get a windfall break from the FairTax?

 

How do we keep exemptions and exclusions from undermining the FairTax?

 

Wouldn’t it be more fair to exempt food and medicine from the FairTax?

 

How does the FairTax rate compare to today’s?

 

Is the FairTax rate really 23%?

 

How is the FairTax different from a Value Added Tax (VAT)?

 

Will the prebate create a massive new entitlement system?

 

How does the FairTax impact the middle class?

 

How will the FairTax impact seniors?

 

How does the FairTax affect tax preparers and CPAs?

 

How does the FairTax impact charitable giving?

 

 

How does the FairTax affect compliance costs?

 

Will the FairTax hurt home ownership with no mortgage interest deduction?

 

Will the FairTax hurt home ownership with no mortgage interest deduction?

 

How will the FairTax help people who don’t hire an accountant?

 

How will the FairTax impact people who don’t file income taxes?

 

Will the FairTax drive the economy down if people stop buying?

 

How will the FairTax affect state sales tax systems?

 

Are any significant economies funded by a sales tax?

 

Is education taxed under the FairTax?

 

Will government pay taxes under the FairTax?

 

Will the FairTax impact tax deferred retirement accounts like 401(k)s?

 

What will happen to cities who depend on tax free bonds?

How does the FairTax impact tax free bonds?

 

How will Social Security payments be calculated under the FairTax?

 

What will happen to government programs like Social Security and Medicare?

 

How can you tax life saving medical treatment?

 

Will bartering present a compliance problem under the FairTax?

 

How will used goods be taxed?

 

Can’t Americans just cross the border to avoid the FairTax

 

How does the FairTax affect illegal immigration?

 

Isn’t it a stretch to say the IRS will go away?

 

What will the transition be like from the income tax to the FairTax?

 

FairTax Show – Part 1

 

FairTax Show – Part 2

 

Ron Paul on Taxes

 

Policy Resources

The following organizations provide policy analysis on taxation and related issues:

Tax Policy Organizations:

Small Business Policy Organizations:

General Public Policy Research Organizations:

http://www.fairtax.org/site/PageServer?pagename=about_links

 

 

 

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John Boehner Crying Over The American Dream–Tea Party Reminder To The Ruling Class–“When The Government Fears The People, There Is Liberty.”–Videos

Posted on December 14, 2010. Filed under: Banking, Blogroll, Business, Communications, Demographics, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, Language, Law, liberty, Life, Links, media, Monetary Policy, Money, People, Philosophy, Politics, Quotations, Rants, Raves, Taxes, Technology, Video, War, Wisdom | Tags: , , |

“Delay is preferable to error.”
“Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition.”
“A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.”
~Thomas Jefferson
 
 
John Boehner on 60 Minutes

 

John Boehner Gets Emotional at NRCC

 

Crying Over You

 

Tea Party Commercial: I’m Voting for Liberty

 

Tea Party Commercial – Remember in November HD

 

Tea Party Commercial HD

“When the people fear their government, there is tyranny.

When the government fears the people, there is liberty.”

~Thomas Jefferson

 “Any people who would give up liberty for a little  temporary safety, deserves neither liberty or safety.”

~Benjamin Franklin

 

The tea party movement wants Federal Government  spending to be cut by over $1,000 billion resulting in a balanced budget and limited government.

This will require the closing of ten Federal Government Departments, cutting all remaining departments including Defense by 25%,  and so-called “entitlement reform”  including the repeal of Obamacare and the people’s ownership and control over their  Social Security account and Medicare health insurance plan.

The tea party movement wants comprehensive tax reform.

This will require the FairTax and a Constitutional amendment repealing the income tax.

The tea party movements wants  stable prices and a sound money and no bailouts of failing banks and businesses.

This will require the ending of the Federal Reserve and its replacement with money backed by gold and the expansion of the money supply consistent with the growth in the economy.

The tea party movement wants limited and controlled legal immigration and no illegal immigration.

This will require the enforcement of existing immigration law and the removal and deportation of all illegal immigrants and absolutely no amnesty.

Until the above is accomplished the existing tax rates should be permanently extended including no taxation of estates and gifts.

Businesses need permanent tax rate certainty to plan and hire permanent employees.

Businesses do not need temporary tax rate uncertaintly that can be changed every year or two by the politicians of either party.

The time for the FairTax is now.

The FairTax: It’s Time

 

Pence on the Fair Tax

 

 

Pence, DeMint Discuss Taxes On CNN

 Once the national retail sales consumption tax–the FairTax–is instituted, the American people will never again want to go back to complicated and budersome Federal income tax system.

The only thing the American people will want is a lower FairTax rate as government spending is permanently cut as Federal Departments are close and entitlement programs such as Social Security and Medicare  are owned and controlled by the individual.

Any appeasement by the Republican Party establishment to Obama and the progressive radical socialist Democratic Party will be noted.

Any  Senator or Representative who votes for the Obama/Republican Bad Deal on extending the Bush tax rates will be marked for replacement and defeated in future elections.

Stop crying and selling out the tea party movement and start leading and making the case for limited and smaller government.

If you do not, you too will be replaced in 2012, 2014, 2016, or however long it takes to rid America of the progressive radical socialists in the Republican and Democratic Party.

We, the American People, will defeat the progressive radical socialists at the ballot box.

Background Articles and Videos

 

Reps. Pence, Ryan Fight For Return To Free Market

 

 

 

 

Paul Ryan makes the case for Sound Money 

 

Ron Paul on Federal Reserve Leaks

 

Federal Reserve and Inflation

 

Rush – Lord Obama And The Wet Diaper society

 

Rush Limbaugh – Ignoramuses

 

Related Posts On Pronk Palisades

 

Republican Leadership and Establishment Sells Out The Tea Party Movement–Kill The Obama/Republican Bad Deal!

 

 

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Dan Mitchell–Videos

Posted on July 23, 2010. Filed under: Blogroll, Books, Communications, Demographics, Education, Employment, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, Homes, Immigration, Investments, Language, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Resources, Taxes, Technology, Video, Wisdom | Tags: , , , , , , , , , , , , , , , , , |

 

The Bush/Obama Years (Dan Mitchell)

Dan Mitchell on the Deficit

There Are too Many Bureaucrats and They Are Paid too Much

 

Deficits are Bad, but the Real Problem is Spending

 

It’s Simple to Balance The Budget Without Higher Taxes 

 

Free Markets and Small Government Produce Prosperity

The Empirical Evidence Against Big Government

Eight Reasons Why Big Government Hurts Economic Growth

Want Less Corruption? Shrink the Size of Government

Dan Mitchell discusses Wall Street Campaign Funding

 

Obama’s So-Called Stimulus: Good For Government, Bad For the Economy

Dan Mitchell discusses Ineffectiveness of Stimulus Spending

Stimulus II: A Sequel America Can’t Afford

A Red-Ink Train Wreck: The Real Fiscal Cost of Government-Run Healthcare

Dan Mitchell discusses Obama’s Insurance Premium Spin

Dan Mitchell on cutting the Dept. of Education on CNBC

The Failure of Anti-Money Laundering Laws

Dan Mitchell Discusses CEO Pay on 20/20

Dan Mitchell discusses tax hikes on FOX

Dan Mitchell on Soaking the Rich

Six Reasons Why the Capital Gains Tax Should Be Abolished

President Obama’s Deferral Proposal: Hamstringing American Companies, Reducing American Jobs

Dan Mitchell on Taxing the Middle Class

Daniel J. Mitchell discusses Taxes on MSNBC News Live

The Laffer Curve, Part I: Understanding the Theory

The Laffer Curve, Part II: Understanding the Theory

 

 

Dan Mitchell on our tax system

 

Dan Mitchell explains the fair tax

Flat Tax vs. National Sales Tax

Dan Mitchell on the value-added tax

 

Dan Mitchell discusses the VAT

Dan Mitchell discusses Taxes on Businesses

The Global Flat Tax Revolution

Dan Mitchell discusses Taxing Risk

 

Dan Mitchell Slams Obama Budget Plan

Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus

Question and Answer Session: The Fight Against Big Government

President Obama’s Dishonest Demagoguery on So-Called Tax Havens

Dan Mitchell’s Tax Haven Speech on Capitol Hill — Part 1

Dan Mitchell’s Tax Haven Speech on Capitol Hill — Part 2

Tax Havens: Myths and Facts

The Economic Case for Tax Havens

The Moral Case for Tax Havens

 

Background Articles and Videos

 

The FairTax: It’s Time

 

Neal Boortz Explain the FAIRTAX

Tom Wright On The FairTax–Videos

 

FairTax facts from CNN’s Your Money

Daniel J. Mitchell

“..Daniel J. Mitchell is a top expert on tax reform and supply-side tax policy. Mitchell is a strong advocate of a flat tax and international tax competition. Prior to joining Cato, Mitchell was a senior fellow with The Heritage Foundation, and an economist for Senator Bob Packwood and the Senate Finance Committee. He also served on the 1988 Bush/Quayle transition team and was Director of Tax and Budget Policy for Citizens for a Sound Economy. His articles can be found in such publications as the Wall Street Journal, New York Times, Investor’s Business Daily, and Washington Times. He is a frequent guest on radio and television and a popular speaker on the lecture circuit. Mitchell holds bachelor’s and master’s degrees in economics from the University of Georgia and a Ph.D. in economics from George Mason University. …”

http://www.cato.org/people/daniel-mitchell

 

Dan Mitchell

“…Dan Mitchell is a libertarian economist, senior fellow at the Cato Institute. He is one of the nation’s experts on the flat tax[citation needed] and has been the leading international voice in the fight to preserve tax competition, financial privacy, and fiscal sovereignty[citation needed].

Personal life

Dan Mitchell was born on June 28, 1958 in Mt Kisco, New York and grew up in Portchester, NY and Wilton, Connecticut. He graduated from Wilton High School in 1976, and went on to attend the University of Georgia in Athens, Georgia. After graduating from UGA in 1981 with a Bachelors in Economics, Mitchell went on to earn a Masters in Economics from UGA in 1985. Mitchell moved to the Washington, D.C. metropolitan area in 1985 to pursue a Ph.D. in Economics from George Mason University.[citation needed]

Professional life

Mitchell’s career as an economist began in the United States Senate, working for Oregon Senator Bob Packwood. Mitchell left that position in 1990 and began a long career at the Heritage Foundation. At Heritage, Mitchell worked on tax policy issues and began advocating for income tax reform. In 2007, Mitchell left the Heritage Foundation, and joined the Cato Institute as a Senior Fellow. Mitchell continues to work in tax policy, and deals with issues such as the flat tax and international tax competition. In addition to his Cato Institute responsibilities, Mitchell co-founded the Center for Freedom and Prosperity, an organization formed to protect international tax competition.

Publications

Mitchell’s work has been published in the Wall Street Journal, New York Times, Washington Times, Washington Post, National Review, Villanova Law Review, Public Choice, Journal of Regulation and Social Cost, Emory Law Journal, Forbes, USA Today, Offshore Investment, Playboy, Investor’s Business Daily, and Worldwide Reinsurance Review. He is the author of The Flat Tax: Freedom, Fairness, Jobs, and Growth (1996), and co-author of Global Tax Revolution: The Rise of Tax Competition and the Battle to Defend It (2008).

Television appearances

Mitchell is a frequent commentator on television and has appeared on all the major networks, including CBS, NBC, ABC, CNBC, FOX, CNN, CNBC, and C-SPAN. He currently makes a weekly appearances on Street Signs (CNBC) on Mondays at 2:00pm ET.[citation needed] …”

http://en.wikipedia.org/wiki/Daniel_J._Mitchell

Should Tax Havens be Banned? part 1/4

Should Tax Havens be Banned? part 2/4

Should Tax Havens be Banned? part 3/4

Should Tax Havens be Banned? part 4/4

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Dan Mitchell-The Bush/Obama Years–Videos

Posted on July 22, 2010. Filed under: Blogroll, Books, Communications, Demographics, Economics, Education, Employment, Energy, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, Health Care, Homes, Language, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Raves, Regulations, Resources, Security, Taxes, Technology, Video, Wisdom | Tags: , , , , , , , , , |

The Bush/Obama Years (Dan Mitchell)

 

Background Articles and Videos

Understanding the Financial Crisis (Johan Norberg)

Dan Mitchell discusses Taxes on Businesses

 

Advice to Tea Partiers

Related Posts On Pronk Palisades

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Barlett Boo Boos–Boortz Blasts Back

Posted on August 27, 2007. Filed under: Blogroll, Books, Links, Politics, Rants, Raves, Taxes, Video | Tags: , , , , , , |

Fair Tax, Flawed Tax
Does adding 30% to the price of every house sold sound like a good idea to you?

BY BRUCE BARTLETT
“…For those who never heard about it, the FairTax is a national retail sales tax that would replace the entire current federal tax system. It was originally devised by the Church of Scientology in the early 1990s as a way to get rid of the Internal Revenue Service, with which the church was then at war (at the time the IRS refused to recognize it as a legitimate religion). The Scientologists’ idea was that since almost all states have sales taxes, replacing federal taxes with the same sort of tax would allow them to collect the federal government’s revenue and thereby get rid of their hated enemy, the IRS. Rep. John Linder (R., Ga.) and Sen. Saxby Chambliss (R., Ga.) have introduced legislation (H.R. 25/S. 1025) to implement the FairTax. They assert that a rate of 23% would be sufficient to replace federal individual and corporate income taxes as well as payroll and estate taxes. Mr. Linder’s Web site claims that U.S. gross domestic product will rise 10.5% the first year after enactment, exports will grow by 26%, and real investment spending will increase an astonishing 76%. In reality, the FairTax rate is not 23%. Messrs. Linder and Chambliss get this figure by calculating the tax as if it were already incorporated into the price of goods and services. (This is known as the tax-inclusive rate.) Calculating it the conventional way that every other (This is called the tax-exclusive rate.)

The distinction is confusing, but think of it this way. If a product costs $1 at retail, the FairTax adds 30%, for a total of $1.30. Since the 30-cent tax is 23% of $1.30, FairTax supporters say the rate is 23% rather than 30%. …”
http://www.opinionjournal.com/extra/?id=110010523

FAIRTAX, FLAWED TAX? 
By  Nealz Boortz

“…This assertion – that the FairTax was developed by the Church of Scientology – is flat-out false. I suspect that Bartlett allowed someone else to do his research for him on this issue; someone with an agenda. Perhaps he blindly accepted some information from a Washington insider, perhaps a K Street denizen who fears the loss of power and income should the FairTax become law.

What Bartlett did was very simple, and astonishingly careless. He mistook a group called Citizens for an Alternative Tax System (CATS) for the people who developed the FairTax.

Now CATS did have a plan for a national retail sales tax, but it was in no way connected with Americans for Fair Taxation (AFFT) and the FairTax. I was familiar with the CATS program. I had them on my radio repeatedly. As I’ve told you, I’ve been interested in this idea of replacing the income tax with the sales tax for some time.

The CATS idea was simply to do away with income taxes and replace them with a 17% sales tax. Payroll taxes would stay with you, as would many other federal tax levies. As you can see, this is substantially different from the program offered by the FairTax.

I’m going to lead you to several articles here. The first link will take you a document detailing the history of CATS. If you read this carefully you will see absolutely no reference to the FairTax. There is no reference to Congressman John Linder or H.R. 25, the FairTax Act. All of the references are to CATS and their own idea of a national retail sales tax.

Moving right along here, next you have a list of articles detailing the connection between CATS and Scientology. That’s right. It was CATS, not Americans for Fair Taxation with the strong connection to Scientology. In fact, here’s another link setting for Scientology front groups. Scroll down the list a bit and you’ll see CATS! You will not see AFFT or the FairTax mentioned.

The people responsible for creating AFFT and the Fair Tax are Houston Businessmen Leo Linbek and Robert McNair. Neither one of these people are Scientologists. These men and their associates raised over $20 million for a study on finding an alternative to the federal income tax. That research was conducted by a coalition of market and academic experts from places such as MIT and Harvard, none of whom were associated in any way with Scientology. From that research came the FairTax.

Just an interesting historical note: When the research for a new tax system was commissioned with the $20 million raised by Linbeck, McNair and their associates, they made a commitment to accept whatever findings the research developed, strongly suspecting that their efforts were going to lead to the endorsement of some sort of a flat tax. The market and academic researchers came forth with an idea for a national retail sales tax instead, and the FairTax was born.

Bruce Bartlett owes Leo Linbeck, Robert McNair and the hundreds of thousands of FairTax volunteers across an America an apology. I suspect that apology will be forthcoming before too many days pass. …” 

“…There were many other inaccuracies in Bartlett’s column. As you know Congressman Linder and I, with the help of a brilliant analyst named Rob Woodall, are busy writing another FairTax book that will address virtually every meaningful criticism you may have heard or read. In Reader’s Digest form, here are some quick response to other charges by Bartlett:

Bartlett jumps right into the middle of this nonsense over what the real tax rate is; 23 percent or 30 percent. He correctly points out that we don’t quote the FairTax rate the way conventional sales taxes are quoted. The reason is simple; the FairTax will replace the embedded taxes and already exist in every item or service we purchase; and secondly, the FairTax will replace the income tax. Both the embedded taxes in the prices of what we buy now and the income taxes we pay now are inclusive taxes. We’re replacing inclusive taxes with inclusive taxes.

It’s so very simple: When you see a lamp on the shelf marked $100, you will pay $100 for that lamp when you get to the checkout. You will receive a receipt which shows that $23 of the $100 you have paid represents the FairTax. You do the math for yourself, but every time I work it out it comes to 23%

Bartlett also joins other critics in another blatant falsehood about the FairTax. Here’s a sentence from his column: “If a product costs $1 at retail, the FairTax adds 30%, for a total of $1.30. Since the 30-cent tax is 23% of $1.30, FairTax supporters say the rate is 23% rather than 30%.” In another paragraph Bartlett also says “Imagine paying 30 percent to the federal government on top of the purchase price of your next house.”

Wrong, wrong, wrong. If a product costs $1 at retail …. It costs $1, with the FairTax already included. This is so easy to understand, you almost get the idea that people are intentionally trying to confuse the facts here. That $1 item Bartlett is referring to costs $1 at retail today! But instead of including the FairTax in that price, all of the embedded taxes from every business and individual involved in bringing that item to the marketplace are included. You remove one, you add the other. And that bit about 30 percent to the federal government on top of the purchase price of your new home? Another lie. The embedded taxes are so high on the price of a new home today that when they are removed and the FairTax added, that home could be a percent or two cheaper! Come on, Bruce. This really isn’t that hard. Let’s try to spell this out plainly for everyone:

The 23 percent FairTax is not added to the price of everything you buy … it is already included in the price of everything you will buy, just as the embedded taxes are included today. You remove one, you add the other. …”

http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=198361
Fair Tax – for our future!  🙂

http://www.youtube.com/watch?v=di2em2S25qM&mode=related&search=

John Stossel speaks to the Fair Tax Rally 

http://www.youtube.com/watch?v=QJRN-Lei0ow

 

Fair Tax.org

 http://www.fairtax.org/site/PageServer

 

Fair Tax Foundation

http://www.fairtax.net/aboutus.htm

 

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