"To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." -- Theodore Roosevelt

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Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Tuesday, April 23, 2013

Obama's Budget Would "Punish" Middle Class


"No new taxes on anyone making under $250,000. Um... except ObamaCare-- it's legally a tax, you know. Oh, and and on cigarettes, but that's for your own good. And on your deductions. And when I really, really need to, and when I'm spending trillions of dollars, I really need to."


Our dear president is very fond of the word "punish" in regards to those Americans he holds in low esteem. And the American Left has consistently associated the middle class with the suburbs, and boy does the Left hate the suburbs. They suck up all the money with building and maintaining highways and such when that money could be better spent lining the pockets of political cronies invested in urban area to create more Detroits.

So why would Obama not wish to punish the greedy middle class that lives isolated and blind to urban problems-- unlike those rich urban dwellers who live in gated communities and guarded high rises.

From the amusingly biased Politico article (h/t Instapundit):

President Barack Obama rarely misses a chance to call on upper-income Americans to pay more taxes.

But his annual budget is doing more to target middle-class taxpayers than any of his previous proposals, calling for caps on deductions, changes in the way some tax benefits are calculated and a big hike in cigarette taxes — all proposals that would make middle-class Americans pay more. 
[..]

“It’s a concern,” Rep. Allyson Schwartz, a Pennsylvania Democrat who represents some of Philadelphia’s suburbs, told POLITICO in reference to Obama’s proposed deduction cap. “For many people, the mortgage tax deduction is your biggest deduction. It’s very significant. And just as the housing market is coming back, there’s a question about the timing of that.”

Republicans are lapping up the proposals as evidence — despite Obama’s rhetoric — the administration won’t spare the middle class from higher taxes.

“The president keeps breaking his campaign pledge to not tax the middle class — first with his health care law and now with these tax hikes in his budget,” Utah Sen. Orrin Hatch, the top GOP member on the Finance Committee, told POLITICO. “As I’ve said before, when it comes to this White House and its penchant for wanting to raise taxes, everyone — including those middle-class families the president says he wants to help — needs to watch their wallets.”

Three proposals in the budget would hit the middle class in ways the president has not previously suggested.

The president’s proposal to change the way inflation is calculated means that benefits like the earned income tax credit would grow at a slower pace. His proposed deduction cap would hit people with taxable income as low as $183,000. And, policy experts say the budget plan to raise taxes on cigarettes is regressive.
 
 I just love the way Politico constantly makes excuses, and writes off opposition as merely politically-minded. Ah, the media...

Anyway, cutting through the crap, the upshot of it all is Obama's out to raise taxes and increase spending at a phenomenal rate. A real shocker, I know.

Thursday, December 30, 2010

Brit Govt. Mandated Eco-Boilers Break in Cold Weather-- Leaving Many Without Heat

Yet another reason why you should not allow governments to control economies. They make a lot of mistakes, because they are not experts in the fields in which they meddle. Thus fragile machines replace hearty ones, and let them eat cake-- er, freeze for the good of the planet.

From American Thinker post by Phil Boehmke (h/t Anne Leary at Backyard Conservative):

"Five years ago the global warming crowd and their comrades in the Labour Party mandated the use of new green technology boilers in Great Britain. Government and environmental experts said that the ‘condensing boilers’ would not only greatly reduce the consumer’s carbon footprint, but would also lower their heating bills. Saving money and saving the planet, what could be better?

"The UK Daily Mail reports that during the recent record cold spell in Great Britain, tens of thousands of people were without heat due to a serious flaw in the new boiler’s design.

[...]

"To make matters worse, the new boilers typically last only 3-6 years and the costs of parts to repair the units are outrageously high. One of the bi-products of the condensation process is the creation of acidic water vapor from the dissolved nitrogen and sulfur oxides which corrode the delicate system components. Gee, the old boilers were very reliable and lasted 20 years on average."

And from the Daily Mail article by Michael Hanlon [emphasis mine throughout]:

"Five years ago, New Labour heralded them as the modern, clean and green way to heat your house. As a result, today there are already eight million 'condensing boilers' in homes across Britain. In fact, since 2005 it is illegal to fit any other kind.

"At the time, John Prescott claimed they would massively reduce your carbon footprint and slash your fuel bills. As a result, every year some 1.2 million old-style 'dirty' boilers are scrapped in Britain and replaced by this wondrous new variety.

"However, the recent cold snap has revealed a major problem with them. Tens of thousands of people found themselves shivering as their shiny new boilers cut out without warning.
British Gas is understood to have had 60,000 call-outs in Yorkshire alone. And the cost to call out a plumber? It can be between £200 to £300 [ about $309 to $463 USD] on a bank holiday. And don’t forget about VAT.

[...]

"It’s all the more infuriating because the problem causing these breakdowns is so simple. In cold weather, the pipe that takes waste water from the back of the condensing boiler - which isn’t there in a normal boiler - freezes solid, shutting down the system and in many cases causing permanent damage.

"But this problem is just one of many that have plagued this boiler design since they became popular in the Nineties. Many plumbers consider them to be little more than a multi-billion-pound con-trick.

"In a regular boiler, the hot gases produced when the ­methane fuel is burned heat water for your ­radiators, dishwasher, taps and so on. But about 25 per cent of the heat vents out of the exhaust pipe in the form of hot steam and CO2.

"In a condensing boiler, a condenser claws back much of the lost heat because as steam condenses into water, it feeds heat back into the system.

"This can increase overall efficiency from 75 per cent to as much as 93 per cent, and reduce CO2 emissions - and your bills - by a commensurate amount. That, anyway, is the theory boiler-makers and ­politicians want you to believe.

"In 2005, the then-deputy PM John Prescott drew up a masterplan to help Britain meet its CO2 emissions targets, as dictated by the 1997 Kyoto Protocol. This involved a new law ordering that all new and replacement boilers fitted to British homes - some 1.4m annually - must from that date be of the condensing type.

"A 'boiler scrappage' scheme followed in 2008, which offered people £400 [about $617 USD]towards the cost of a new condensing boiler if they replaced their old one - even if it was in perfect working order. [Does this remind anyone else of Cash for Clunkers?] Boiler manufacturers and plumbing and installation firms could hardly believe their luck.

"An estimated eight million homes in Britain made the switch, often encouraged by persistent salesmen who produced an impressive-looking audit offering a seductive assessment of how much money you could save by switching to a new, 'clean' boiler.

"But even ignoring the freezing pipe problem, it is clear that in most cases it makes no economic sense to scrap an old boiler that is still functioning.

"For an average home, replacing even a very inefficient old model with the best new boiler on the market will, at most, save a couple of hundred pounds a year in gas bills.

"That sounds good until you realise that at £2,000 [about $3085 USD] for one of the better condensing models, a new one will take at least ten years to pay for itself.

"And the problem is that these boilers simply do not last anything like ten years.

"'You might get 20 years out of one of the old ones,' Charlie Mullins says, 'but it is more like three to six years out of one of these new ones. In fact, if it goes wrong after four years, you are better off replacing a condensing boiler altogether because of the ­horrendous cost of the parts.

"'On the basis of efficiency, they certainly do not pay for themselves. It makes no sense to take out a working old boiler and replace it with a condensing one.'

"That’s not something the enthusiastic salesmen will tell you. They also won’t tell you that those touted increases in efficiency are theoretical, often not matched in reality. These boilers rarely operate at ­maximum efficiency anyway.

"Explained simply, the water returning from your radiators back to the boiler has to be below 55c for the condenser to condense the steam in the boiler into water. For most homes using standard radiators, this will probably not be the case - the returning water might be as hot as 65c, especially when the radiators are turned up in cold weather.

[...]

"The problems don’t stop there either. The condensed water vapour produced in the new boilers is slightly acidic (as it contains dissolved nitrogen and sulphur oxides), which inevitably causes corrosion of the delicate boiler components and also leads to breakdowns.

"So the message is clear: if you have an old boiler, provided it is working properly and is serviced regularly, you are almost certainly better off keeping it until it is beyond economic repair. Parts will be cheaper, it will be less likely to break down and there is no danger of it stalling on the coldest night of the year."

Of course the Obama administration and the Dems are dead-set on similar government mandated eco-policies here (Cap & Tax, Cash for Clunkers, "Green" Energy Subsidies, the VAT, etc.). And always they are based on the same nanny-state theory that the people are simply too stupid to know what's best for them, so they must be ruled through regulatory fiat.

As Lincoln once said: "They are the arguments that kings have made for enslaving the people in all ages of the world. You will find that all the arguments in favor of kingcraft were of this class; they always bestrode the necks of the people, not that they wanted to do it, but because the people were better off for being ridden."

Tuesday, May 19, 2009

Obama Administration Playing with Economics: Impose $1300 Car Tax

Check out this post by Michelle Malkin here.

Per Malkin: "Nobody in the White House is going to call the president’s “mileage and pollution” plan what it is.

"It’s a $1,300 car tax. On the working class. On the middle class. On everyone who has responded to the government’s consumption-mania incentives — loosened credit, tax deductions — and bought/planned to buy a new car without taking into account these unanticipated costs:"

Obama is intent upon unnecessary meddling that will have unexpected consequences. Foolish, arrogant and short-sided-- not the best combination of personality traits for a leader. But hey... let's increase the cost of an item (requiring people to borrow more for the car) even as the government is busily devaluing the dollar and spending unprecedented amounts of money for windmills and unicorns. Brilliant.

Monday, May 4, 2009

Obama Proposes to Raise Taxes on Overseas Profits (And Great Comedy Ensues)

Check out this AP article via Yahoo. It's another way to increase the price of consumer products, so that companies can pass on the expense to you the consumer. Alternatively they could simply relocate out of the US altogether to a more tax friendly nation. That'll create jobs and greater income to pay for the stimulus and universal health care...

Aside from this, Obama announced this great snorter "'Nobody likes paying taxes, particularly in times of economic stress,' he [Obama] said. 'But most Americans meet their responsibilities because they understand that it's an obligation of citizenship, necessary to pay the costs of our common defense and our mutual well-being.'"

Good one! Why not tell that to your cabinet... You remember your Tax Cheat Treasury Secretary Tim Geithner, and Kathleen Soblius' and her husband, and Ron Kirk, and Tom Daschle, and Hilda Solis and her husband, Nancy Killefer, shall I go on...

I guess the Democrat elite and Obama sycophants aren't like most people. It seems like every time Obama opens his mouth lies, that are at best ironic, come rolling out. Audacity indeed...