Taxes & Spending
BY Administrator, ON NOVEMBER 09, 2009

You earn your paycheck and Congress needs to be a careful guardian of our tax money.  Sadly that’s not been the case.  Both Republicans and Democrats have spent too freely in Washington.  Steve Pearce has a strong record of fighting the big spenders and pushing for lower taxes on families and small business. Out-of-control government borrowing is driving up interest rates and squeezing the middle class.  China is getting the benefits of this deficit spending – not Americans.  That needs to change.  Pearce will work to stop expanding entitlements. We can’t keep making promises to spend more forever.  It just doesn’t work.  We have saddled ourselves with so many commitments that we actually need to worry about Medicare and Social Security being solvent.  There is a better way.

Check back later for more from Steve Pearce on Taxes & Spending…




Taxes & Spending
BY Administrator, ON NOVEMBER 27, 2010

By Su Qiang and Li Xiaokun

November 24, 2010--China Daily




Taxes & Spending
BY Editor, ON NOVEMBER 18, 2010

By: Press

For Immediate Release

November 18, 2010

Republicans Vote To End Earmarks

Washington, DC – Congressman-elect Steve Pearce supported a measure adopting a moratorium on earmarks today during a House Republican Conference meeting.  The measure passed the Conference today.
 
"This is a great victory for our Constituents.  Today we have taken a giant step towards fiscal responsibility in Washington.  Republicans have heard our Constituents loud and clear," said Pearce.
 
"I am thrilled to have taken part in this historic moment.  This vote represents a massive shift toward cutting waste and creating a more accountable and efficient government."




Shrinking Government
BY Editor, ON OCTOBER 09, 2010

By: Steve Pearce

October 8, 2010--AOL News




Taxes & Spending
BY Editor, ON OCTOBER 08, 2010

By: Meredith Shiner

October 7, 2010--Politico

Approximately $18 million worth of stimulus funds went to Americans who are dead, according to report released by the Social Security Administration's inspector general released Thursday.

More than 89,000 payments worth $250 each, taken from the $787 billion stimulus package, were doled out to either dead people or prison inmates. Seventeen thousand incarcerated Americans received an aggregate $4.3 million from the economic relief package.

According to the report, the prisoners received the government money because they had been eligible for Social Security benefits before being sent to jail.

Overall, the stimulus — which has become a hot-button political issue heading into the November midterms — has paid out $250 checks to about 52 million Americans who qualify for Social Security benefits.




Taxes & Spending
BY Editor, ON OCTOBER 04, 2010

By: Rachel Lee Harris

October 3, 2010--The New York Times

The National Science Foundation has awarded a $700,000 grant to the Civilians, a New York theater company, to finance the production of a show about climate change. “The Great Immensity,” with a book by Steven Cosson (“This Beautiful City”) and music and lyrics by Michael “Bloody Bloody Andrew Jackson”), tells the story of Polly, a photojournalist who disappears while working in the rain forests of Panama. The grant is a rare gift to an arts organization from the foundation, a federal agency that pays for science, engineering and mathematics research and education. The company says it plans to spend the money on the development and evaluation of the show, as well as on a tour and educational programs, including post-show panel discussions with experts in related scientific fields. No performance dates have been announced.




Taxes & Spending
BY Editor, ON SEPTEMBER 27, 2010
 
After months of flailing around with hot potato issues, members of Congress are packing their bags for an early vacation or to their home states for a round of campaigning.
 
Left to gather dust is a budget plan for 2011, extension of unemployment benefits and action on the Bush-era tax cuts, among several missions not accomplished.



By: Fraser Nelson

September 24, 2010--Spectator (UK)

For decades, conservatives have played an important role in Swedish politics: they are there to be defeated. They advocate lower taxes, and are duly accused of planning savage cuts. So the voters traditionally stick with the Social Democrats who have held power for seven of the last eight decades. Every other decade Swedish conservatives come on for some light entertainment, before being booted out after a term. Never in modern Swedish history has a conservative prime minister been spared this fate. Until now.

This week Fredrik Reinfeldt, a bald and deeply dull 45-year-old who communicates with David Cameron by text message, is celebrating the first re-election in history of his party, the Moderaterna. He is also celebrating the success of an extraordinary experiment. His response to the recession was to cut taxes, a move his critics said the country could not afford. The European Commission warned him it would end in tears. But instead, the lower taxes were a spur to growth and Sweden now has the fastest-growing economy in the Western world.




Taxes & Spending
BY Editor, ON SEPTEMBER 21, 2010

By: William Beach, Rea Hederman, Jr., John Ligon, Guinevere Nell, and Kim Campbell, PhD

September 20, 2010--The Heritage Foundation




Taxes & Spending
BY Administrator, ON SEPTEMBER 16, 2010

By: Stephen Ohlemacher

September 16, 2010--Associated Press

WASHINGTON — Here's some pressure for lawmakers: If they don't reach agreement on extending soon-to-expire Bush-era tax cuts, nearly all their constituents back home will get big tax increases.

A typical family of four with a household income of $50,000 a year would have to pay $2,900 more in taxes in 2011, according to a new analysis by Deloitte Tax LLP, a tax consulting firm. The same family making $100,000 a year would see its taxes rise by $4,500.

Wealthier families face even bigger tax hikes. A family of four making $500,000 a year would pay $10,800 more in taxes. The same family making $1 million a year would get a tax increase of $52,300.

The estimates are based on total household income, including wages, capital gains and qualified dividends. The estimated tax bills take into account typical deductions at each income level.

Democrats have been arguing for much of the past decade that tax cuts enacted in 2001 and 2003 under former President George W. Bush provided a windfall for the wealthy. That's true, but they also reduced taxes for the working poor, the middle class, and just about everyone in between.