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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review April 19, 2012/ 27 Nissan, 5772

Obama Failed Buffett Rule Test

By Dick Morris




http://www.JewishWorldReview.com | The loudest rhetoric coming from President Obama lately has been about the Buffett Rule that millionaires should pay 30% of their income in taxes.

But now it comes out that he and Michelle only pay 20.2% of their income of about $800,000 in taxes! The flunk their own standard by ten points!

How many brains does it take to get the whole country stirred up demanding that the rich pay 30% in taxes and then fail to do that yourself?

The other major point Obama has been touting is his success in turning around General Motors, saving American jobs. Oh Really? The fact is that of the 202,000 General Motors employees, only 68,500 live and works in the United States. Two-thirds of the corporation's labor force lives abroad. Obama is not saving American jobs, he is saving jobs around the world. Indeed, General Motors - of which the government with a one-quarter share is the largest stock holder by far - is also the biggest corporate out-sourcer of jobs.

And, while we are on the subject of having the rich pay their "fair share" of taxes, how about the fact that General Motors, which is, in effect, owned by the government, paid not a penny of taxes on a profit of $7 billion last year! They, too, flunked the Buffett Rule.

The fact, of course, is that all the Buffett rule does is, in effect, raise the capital gains tax rate from the current 15% to 30%. Every time the government has raised the capital gains tax rate, revenues have fallen. Every time it has lowered the rate, revenues have risen.

It is a tax that costs money and raises nothing.

When Reagan cut the capital gains tax from 28% to 20% in 1981, capital gains tax revenues rose from $12.5 billion under the old 28% rate to $18.7 billion under the 20% rate. The rate dropped by a third and revenues rose by a third.

Then, when Reagan bowed to liberal pressure and put the rate back up to 28%, revenues from the capital gains tax fell from $328 billion to $112 billion. The tax had risen by eight points but revenues had dropped by two-thirds.

And, in 1996, when Clinton cut the rate back down to 20%, tax collections from the capital gains levy rose from $66 billion to an average of $100 billion over the next four years. More important, the capital gains tax cut stimulated investment and capital gains. Under the higher tax rate, in 1996, there were $261 billion in capital gains in the U.S. In the three years after the cut, the total of capital gains rose to an annual average of $440 billion.

So the Buffett Rule makes no economic sense and won't do anything to cut the budget deficit. In fact, it will probably cost us revenue.

Nor does it make political sense for a president who, himself, fails to live up to its requirements.

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