Americans Making Over $50K a Year Pay 93.3% of All Taxes

CNS News: (CNSNews.com) – Americans making over $50,000 paid most of the federal taxes that were paid in the U.S. in 2010. According to statistics compiled from the Internal Revenue Service (IRS) by the Tax Foundation, those people making above $50,000 had an effective tax rate of 14.1 percent, and carried 93.3 percent of the total tax ...

Decade Of Obamacare To Cost $1.2 Trillion

Excerpted from Washington Examiner:      How much will Obamacare -- call it the Patient Protection and Affordable Care Act if you like -- cost over the next 10 years? More than you've been led to believe, reports Charles Blahous of George Mason University's Mercatus Center. To be specific, he projects it will add $1,160 billion ...

White House Hiding Travel Expenses

Washington Times: When President Obama traveled to Florida this week, he sandwiched a partisan speech at Florida Atlantic University between two multimillion-dollar fundraisers for his 2012 campaign, allowing him to label at least part of the trip to a critical battleground state as official business. While Mr. Obama can rely on Air Force One and other military ...

San Francisco Spends $205,075 of Stimulus Funding to Transplant 1 Shrub

Excerpted from CNS News: (CNSNews.com) -- The government spent at least $205,075 in 2010 to “translocate” a single bush in San Francisco that stood in the path of a $1.045-billion highway-renovation project that was partially funded by the economic stimulus legislation President Barack Obama signed in 2009. “In October 2009, an ecologist identified a plant growing in ...

Obama Losing His Cool

Excerpted from AFP     WASHINGTON —  Barack Obama's campaign formally welcomed Republican Mitt Romney to the White House duel Tuesday, with a caustic warning: the more Americans see of him, the less they like him. Romney effectively clinched the Republican presidential nomination when his last remaining rival Rick Santorum bowed out, setting up a nasty, ...

America’s Debt Greater Than All Of Europe’s Combined

Excerpted from WeeklyStandard     The Republican side of the Senate Budget Committee will release this chart later today, clearly showing that America's debt is greater than the combined debt of the entire Eurozone and the U.K.: As the chart shows, America's debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, ...

Obama’s War on Women: Females Account for 92.3% of Lost Jobs – Worst Female Labor Force Participation Rate on Record

Women And The Obama Economy [Infographic]

Texas Engineer, Whose Wife Sent Obama His Resume, Still Unemployed

Excerpted from McClatchy: — More than two months after President Barack Obama asked for Darin Wedel's résumé, the phone is quiet, e-mails are no longer flooding in and the long-sought-after job interviews -- which had begun to be scheduled -- have petered out. "Not even recruiting companies are calling anymore," said Jennifer Wedel, the ...

Congressman Duncan Hunter Pushes Bill To Change How Government Measures Unemployment

Excerpted from The Hill: A Republican lawmaker is intensifying his push for legislation that would change how the government measures the unemployment rate. Rep. Duncan D. Hunter (R-Calif.) intends to press GOP leaders to move his bill to include the number of individuals who gave up looking for work in the percentage of jobless claims. Should ...

Revenue from “Buffett Rule” Would be Completely Inconsequential

Political Math: President Obama and Democrats have been talking up the Buffett Rule (a minimum 30% tax on people making over $1 million per year) for some time now. So what kind of difference does the Buffett Rule make? I've seen revenue estimates between $30 billion and $40 billion over 10 years, but what kind of difference ...