Tag Archives: tax

President Obama’s Saturday YouTube Address 04/10/10

white house gov logoWhiteHouse.gov~Relief for the Middle Class at Tax Time~With April 15th approaching, the President discusses several of the tax breaks for middle class families he has signed into law. Find out more about the Making Work Pay tax credit, breaks for first-time homebuyers, rewards for making your home more energy efficient and more through the Tax Savings Tool at WhiteHouse.gov.
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Vice-President Joe Biden: Recovery Act Tax Benefits

Posted by: Audiegrl

With the 2010 tax filing season underway, Vice President Joe Biden, Treasury Secretary Tim Geithner and IRS Commissioner Doug Shulman today announced that that average tax refunds are up nearly 10 percent this year, due in large part to the significant new tax benefits available under the American Recovery and Reinvestment Act (Recovery Act), and reminded taxpayers that they can collect on those benefits this year as they file their 2009 tax returns. To help taxpayers see for themselves exactly how they can benefit from Recovery Act tax credits and collect every dollar owed when they file this tax season, the White House today launched a new interactive Tax Savings Tool available at www.WhiteHouse.gov/Recovery.

Here is a quick run-down of some key tax benefits available thanks to the Recovery Act:

  • Making Work Pay: 95 percent of working families are receiving the Work Pay tax credit of $400 for an individual or $800 for married couples filing jointly in their paychecks in 2009.
  • College Expenses: Families and students are eligible for up to $2500 in tax savings under the American Opportunity Credit.
  • Purchase of First Home: Homebuyers can get a credit of up to $8000 for first homes purchased by April 30, 2010 under the First Time homebuyer tax credit.
  • Energy Efficiency and Renewable Energy Incentives: Taxpayers are eligible for up to $1500 in tax credits for making some energy-efficiency improvements to their homes.
  • New Vehicle Purchases: Taxpayers can deduct state and local sales taxes or fees for vehicle purchases under the vehicle sales tax deduction.
  • Expanded Family Credits: Moderate income families with children may be eligible for an increase under the Earned Income Tax Credit and the additional Child Tax Credit.
  • Unemployment Benefits Tax Free in 2009: the Recovery Act made the first $2400 of unemployment benefits received in 2009 tax free.

The Recovery Act’s tax benefits of nearly $300 billion are not only providing some relief for middle class families, but also helping to jumpstart the economy and create more clean-energy, manufacturing, and construction jobs.

To learn more, visit Recovery.gov.

Read the Transcript

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The Axis of the Obsessed and Deranged by Frank Rich

Op-ed by Frank Rich

Frank Rich

Frank Rich/The New York Times

New York Times/Frank Rich~~No one knows what history will make of the present — least of all journalists, who can at best write history’s sloppy first draft. But if I were to place an incautious bet on which political event will prove the most significant of February 2010, I wouldn’t choose the kabuki health care summit that generated all the ink and 24/7 cable chatter in Washington. I’d put my money instead on the murder-suicide of Andrew Joseph Stack III, the tax protester who flew a plane into an office building housing Internal Revenue Service employees in Austin, Tex., on Feb. 18. It was a flare with the dark afterlife of an omen.

What made that kamikaze mission eventful was less the deranged act itself than the curious reaction of politicians on the right who gave it a pass — or, worse, flirted with condoning it. Stack was a lone madman, and it would be both glib and inaccurate to call him a card-carrying Tea Partier or a “Tea Party terrorist.” But he did leave behind a manifesto whose frothing anti-government, anti-tax rage overlaps with some of those marching under the Tea Party banner. That rant inspired like-minded Americans to create instant Facebook shrines to his martyrdom. Soon enough, some cowed politicians, including the newly minted Tea Party hero Scott Brown, were publicly empathizing with Stack’s credo — rather than risk crossing the most unforgiving brigade in their base.

Representative Steve King, Republican of Iowa, even rationalized Stack’s crime. “It’s sad the incident in Texas happened,” he said, “but by the same token, it’s an agency that is unnecessary. And when the day comes when that is over and we abolish the I.R.S., it’s going to be a happy day for America.” No one in King’s caucus condemned these remarks. Then again, what King euphemized as “the incident” took out just 1 of the 200 workers in the Austin building: Vernon Hunter, a 68-year-old Vietnam veteran nearing his I.R.S. retirement. Had Stack the devastating weaponry and timing to match the death toll of 168 inflicted by Timothy McVeigh on a federal building in Oklahoma in 1995, maybe a few of the congressman’s peers would have cried foul.

It is not glib or inaccurate to invoke Oklahoma City in this context, because the acrid stench of 1995 is back in the air. Two days before Stack’s suicide mission, The Times published David Barstow’s chilling, months-long investigation of the Tea Party movement. Anyone who was cognizant during the McVeigh firestorm would recognize the old warning signs re-emerging from the mists of history. The Patriot movement. “The New World Order,” with its shadowy conspiracies hatched by the Council on Foreign Relations and the Trilateral Commission. Sandpoint, Idaho. White supremacists. Militias.

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Son of Texas Plane Crash Victim Vernon Hunter: Calls Attack an Act of Terror

Posted by: Audiegrl

Feb. 22: Ken Hunter, son of the sole IRS worker killed when Joseph Stack flew his plane into the building where he worked.

Ken Hunter, son of the sole IRS worker killed when Joseph Stack flew his plane into the building where he worked.

CNN/Associated Press~ The son of the IRS worker who was the sole person to be killed last week when a tax protester piloted his plane into a Texas office building says his father was an innocent bystander who died at the hands of a terrorist.

And Ken Hunter, whose father, Vernon, was killed in Thursday’s plane attack said it was “disgusting” that the pilot’s daughter had called her father a hero — a statement she later retracted.

Joe Stack, 53, set fire to his family home before plowing his single-engine plane into the office building, killing himself and Hunter, a tax service employee and two-tour veteran of the War in Vietnam.

How is it heroic to take upon acts that Al Qaeda used on September 11 of 2001? What makes that heroic?” Hunter said in an interview Monday.

He spoke after Stack’s adult daughter, Samantha Bell, told ABC News that her father’s beliefs were heroic, and “Now maybe people will listen.”

Stack targeted the building, where nearly 200 IRS workers were employed, after posting a ranting manifesto against the agency and the government.

He did not write the tax law,” Hunter said of his father. “No one in that building wrote the tax law.”

Vernon Hunter

Vernon Hunter ~ RIP

Are you telling me that an American citizen committing an attack of terrorism against the United States is heroic?” he continued.

Bell said she offered her deepest condolences to Hunter’s family, and she said her father’s last actions were “inappropriate.”

But if nobody comes out and speaks up on behalf of injustice, then nothing will ever be accomplished,” she said in the interview. “But I do not agree with his last action with what he did. But I do agree about the government.”

Bell later retracted her statement that her father was a hero, telling ABC that the only hero who died that day was her father’s victim. “I don’t want to hurt anybody,” she told ABC. “We are mourning for Vernon Hunter.”

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President Obama Sends Condolences To Austin

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Last week, tragedy befell public servants in Austin, Texas. Earlier today, Treasury Secretary Tim Geithner met with IRS employees in Austin to express his sympathies and support, and he read this note from the President:

“To the men and women of the Internal Revenue Service at Austin:

I asked Secretary Geithner to carry this message to you.

It is with great sadness that I write to you on the tragic events of February 18th. You, your families and colleagues are in my thoughts and prayers.

Michelle and I extend our condolences to you on the death of your colleague, Mr. Vernon Hunter. Vernon dedicated his life to service to this great country, serving over 20 years in the military before joining the IRS. We mourn his death.

As we work with law-enforcement agencies to investigate the events leading up to this plane crash, I want the dedicated employees of the IRS to know that I am thankful for your dedication, courage and professionalism as we rebuild in Austin. And as you continue your work, we will do what is needed to ensure your safety.

We are grateful for your service to this country.

May God bless you and the United States of America.

President Barack Obama”

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President Obama’s Saturday YouTube Address 02/13/10

white house gov logoWhiteHouse.gov—The President, having just signed the “Pay As You Go” law, discusses the importance of this fundamental rule to getting budget deficits in check. Ensuring that new spending and tax cuts are offset was a important factor in creating the budget surplus of the late 1990’s.
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The Death of U.S. Political Democracy For The People

Posted by: LibbyShaw

Will the Senator from Wal-Mart please yield to the Senator from Halliburton? The Congressman from Black Water has 5 minutes remaining before the Congresswoman from United Health may speak.

Mark your calendars, folks. January 21, 2010 is the day the radical and activist Supreme Court of the United States delivered the U.S. Democracy into the hands of the corporate sector and special interests groups. According to an article in the New York Times corporations, lobbyists and unions can now legally purchase their candidates of choice.

“We have got a million we can spend advertising for you or against you – whichever one you want,’ ” a lobbyist can tell lawmakers, said Lawrence M. Noble, a lawyer at Skadden Arps in Washington and former general counsel of the Federal Election Commission.

The decision yesterday will usher in unimaginable numbers of Swift Boat attack ads. Corporate fat cats can now threaten and bully politicians to do their bidding or else.

“It will put on steroids the trend that outside groups are increasingly dominating campaigns,” Mr. Ginsberg said. “Candidates lose control of their message. Some of these guys lose control of their whole personalities.”

“Parties will sort of shrink in the relative importance of things,” he added, “and outside groups will take over more of the functions – advertising support, get out the vote – that parties do now.”

Front row: Associate Justices Anthony M. Kennedy, John Paul Stevens, Chief Justice John G. Roberts, Antonin G. Scalia, and Clarence Thomas. Back row: Associate Justices Samuel A. Alito, Ruth Bader Ginsburg, Stephen G. Breyer, and Sonia Sotomayor.

Some have called the SOTUS decision a power grab that is intellectually dishonest.

In opening the floodgates for corporate money in election campaigns, the Supreme Court did not simply engage in a brazen power grab. It did so in an opinion stunning in its intellectual dishonesty.

Many of those commenting on the decision in Citizens United v. Federal Election Commission have focused on the power-grab part. I agree with them. It was unnecessary for the court to go so far when there were several less-radical grounds available. It was audacious to seize the opportunity to overrule precedents when the parties had not pressed this issue and the lower courts had not considered it. It was the height of activism to usurp the judgments of Congress and state legislatures about how best to prevent corruption of the political process.

“If it is not necessary to decide more, it is necessary not to decide more,” a wise judge once wrote. That was Chief Justice John G. Roberts — back when — and dissenting Justice John Paul Stevens rightly turned that line against him.

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Republicans naturally and predictably love this recent ruling. But of course they would. Republicans embrace and fully support authoritarian forms of government. And the sad truth of the matter is the GOP has always worked for the corporate sector.

It is devastatingly unfortunate that Republican voters have never been able to understand the hard, cold and mean reality of those they elect into office. Politicians take an oath to serve the people in their districts but many merely give their constituents nothing but empty rhetoric. If one were to closely examine one’s Republican lawmakers’ voting records one would find who their elected officials really work for.

My guess is the teabaggers will wraps it head around the reality of the SCOTUS decision like we progressives have, for the only one imperative we do share in common is a collective outrage over the corporate takeover of the U.S. government and its legislative process by special interest groups and corporations.

But unfortunately teabaggers, unlike progressives, are far too easily led astray by the likes of Dick Armey, one of the numerous behind the scenes leaders of the teabagger movement. Armey’s main mission is to promote the interests of the health care industry. He and his organization, Freedom Works, uses teabaggers as its tools.

Republicans and teabaggers alike have been led to believe that the government is the root of everything evil while progressives know that government is the only force that can and will protect us from the evils of self-serving greed mongers of the corporate sector.

We are where we are today b/c the corporate sector has been enabled to run rough shod over the American people. We are broke. There are no jobs. We lost homes. We lost retirement savings. Meanwhile on Wall St. the fat cats who can now purchase politicians get richer by the minute.

Elections have consequences. The nice guy or girl candidate with whom to have a beer could very well be an anti-political democracy devil in disguise who has every intention of throwing the middle and working classes to the lions.

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Oh, and Prince Alwaleed, grandson of the King of Saudi Arabia and the largest individual shareholder in Citigroup and second biggest shareholder in News Corp (Murdock’s FOX “News”) doesn’t like Obama’s tax on the banks.

Who would have thought?

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Hope for Haiti Now: A Global Benefit for Earthquake Relief” Video highlights

Thanks to everyone who joined us for a night of great music and a show of support for the people of Haiti

Posted by: Audiegrl

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President Obama Signs Legislation

President Obama Signs Legislation Providing Immediate Tax Deductions for Haiti Charitable Contributions January 22, 2010.

President Obama Is Making It Easier for Americans to Support Haiti
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In the days since the earthquake in Haiti, Americans have shown their generosity with millions of dollars in donations. Tonight, President Obama signed a bill into law that makes it easier to give. This legislation will allow taxpayers to receive the tax benefit from donations made to the Haiti effort in this tax season, rather than having to wait until they file their 2010 tax returns next year. Specifically, cash donations to charities for the Haitian relief effort given after January 11 and before March 1 of this year may be treated as if the contribution was made on December 31 of last year so that the contribution can be deducted from 2009 income. This measure applies to monetary donations, not goods or services.


Clinton Bush Haiti Relief FundUNICEFAmerican Red Cross

WFP:  World Food ProgrammePartners In Health Oxfam America
Yéle Haiti

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