Tag Archive: Revenue


A Black Box In Your Car? Some See A Source Of Tax Revenue

 

 

 

 

” As America’s road planners struggle to find the cash to mend a crumbling highway system, many are beginning to see a solution in a little black box that fits neatly by the dashboard of your car.

The devices, which track every mile a motorist drives and transmit that information to bureaucrats, are at the center of a controversial attempt in Washington and state planning offices to overhaul the outdated system for funding America’s major roads.

The usually dull arena of highway planning has suddenly spawned intense debate and colorful alliances. Libertarians have joined environmental groups in lobbying to allow government to use the little boxes to keep track of the miles you drive, and possibly where you drive them — then use the information to draw up a tax bill.

The tea party is aghast. The American Civil Liberties Union is deeply concerned, too, raising a variety of privacy issues.

And while Congress can’t agree on whether to proceed, several states are not waiting. They are exploring how, over the next decade, they can move to a system in which drivers pay per mile of road they roll over. Thousands of motorists have already taken the black boxes, some of which have GPS monitoring, for a test drive.”

 

 

    What won’t they tax ? What won’t they spy on ? Does anyone really believe that we could maintain any degree of privacy in our lives at all if the government gets the “right” to track your every mile in your personal automobile ? 

  Leaving aside the issue of ever greater taxation , the privacy issues should concern everyone . The days of the beneficent government illusion should be gone forever . We are governed by the rule of Unintended Consequences and all protestations aside , the general public should be well aware by now that no matter how sensible any new government proposal/regulation might seem on the surface , the results are guaranteed to be the same … loss of liberty , loss of hard earned money and an eventual plea from those self-same Statist stooges that the reason the policy is a failure is that we just need to spend MORE money to make it work .

 

 

 

 

 

 

 

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Rush Limbaugh: Don’t Blame Me For WABC’s Declining Ad Sales

 

 

 

 

” Rush Limbaugh insists it’s not his fault that ad revenue has dropped at his flagship WABC radio station — and if his boss keeps saying it is, Rush just may pack up his megadittoes and leave.

In New York, that would very likely take him to WOR, which would create the biggest shakeup in city talk radio since WOR scooped up Bob Grant after WABC fired him in 1995.

Limbaugh’s contract with WABC expires at the end of the year.

Lew Dickey, the CEO of WABC parent company Cumulus, has said Limbaugh’s controversial comments have diminished ad revenue for the past year — and the slump remains a “residual hangover” for the station.”

 

 

 

 

 

 

 

States Consider Increasing Gas Taxes

 

 

 

” If you’ve ever felt the pain at the pump from filling up your tank and wanted to decry big oil, your anger would be misplaced.

That’s because a larger and larger chuck of change out of every gallon of gas you buy is tax going to the government.

Earlier this year, Wyoming increased its tax per gallon from 14 cents to 24 cents, the first increase the state has implemented in 15 years. The increased revenue is expected to raise  $47.4 million for highway work, and goes into effect in July.

Governors of Pennsylvania, Maryland, Michigan and Vermont have also proposed raising the consumption tax on placed on gas. The state legislature in New Hampshire will hold a hearing Thursday to considering phasing in a 15-cent-per-gallon increase.”

 

 

DESPITE TAX INCREASE, CALIFORNIA STATE

REVENUES IN FREEFALL

 

 

 

 ” California State Controller John Chiang has announced that total state revenue for the month of November 2012 fell $806.8 million, or 10.8%, below budget.

Democrats thought they could hammer “the rich” by convincing voters to pass Proposition 30 to create the highest state income tax in the nation. But it now appears that high income earners have already “voted with their feet” by moving themselves and their businesses out of state, resulting in over $1 billion shortfall in corporate and income taxes last month and the beginning of a new financial crisis.”

TOP FIVE REASONS REPUBLICANS SHOULD TAKE US OVER THE FISCAL CLIFF

 

 

 ” As the clock ticks and we watch the various players move their pieces into place, it’s becoming increasingly obvious that Republicans are in a no-win situation. They’re ether going to have to cave and agree to a tax increase without meaningful spending cuts or take the blame for going over the fiscal cliff. Here are five reasons why going over the cliff is by far the best option.

1. It’s a Trap!

Though House Speaker John Boehner foolishly helped to manufacture this trap by making tax increases the primary issue in the fiscal cliff negotiations, there’s still time to extricate himself and his party. “

 

  ” One of the most dangerous myths that has infected the current debate over the direction of tax policy is the oft repeated claim that the tax increases under President Bill Clinton led to the boom of the 1990s.  In their Wall Street Journal Op-Ed last Friday, for example, Clinton campaign manager James Carville and Democratic pollster and Clinton advisor Stanley Greenberg write the increase in the top tax rate to 39.6% “produced the one period of shared prosperity in this past era (since 1980).”

While this myth is now a central part of liberal Democratic folklore, it is contradicted by the political disaster and poor economic results that followed the tax increase.  The real lesson of the Clinton Presidency is the way back to prosperity lies not through increased taxes on “the rich,” but through tax and regulatory reform and a return to a rules based monetary policy that produces a strong and stable dollar.

The 1993 Clinton tax increase raised the top two income tax rates to 36% and 39.6%, with the top rate hitting joint returns with incomes above $250,000 ($400,000 in 2012 dollars).  In addition, it removed the cap on the 2.9% Medicare payroll tax, raised the corporate tax rate to 35% from 34%, increased the taxable portion of Social Security benefits, and imposed a 4.3 cent per gallon increase in transportation fuel taxes.

If these tax increases were good for the middle class, then they should have been popular.  Yet, in the 1994 elections, the Democratic Party suffered historic losses. “

Yikes !

Mercatus Center at George Mason University

 

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