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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: taxation

taxation stories: 15 news summaries
PEGGY NOONAN

 'Stupid' Leadership 
 Has Sapped 
 America's Hope 

Business is losing faith as government spends like spoiled kids

Oct 30, 09 3:00 AM CDT
(Newser) - The economy's growing again but the people Peggy Noonan talks to—"the American leadership class who are not in Washington, most especially those in business"—have lost their confidence that a turnaround is coming. That's because they don't think the government has any solutions to America's problems other... More »

MORE ABOUT:
government spending • Federal government • Peggy Noonan • Obama administration • taxation

House, Senate Dems Split on 'Cadillac Tax'

As finance committee votes, caucus divided on how to fund reform

Oct 13, 09 8:14 AM CDT
(Newser) - The Senate Finance Committee is poised to send its bill to the full legislature today, but its provision taxing "Cadillac" insurance plans is raising hackles in the House. Max Baucus and other senators say taxing high-cost plans will raise $200 billion, a quarter of the legislation's price tag, and... More »

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Nancy Pelosi • health care • Barack Obama • Congress • health insurance • Senate Finance Committee • health care reform • congressional Democrats • Max Baucus • taxation

 Recession Sparks Efforts 
 to Legalize Pot 

Full-scale regulation and taxation on the table in Calif.

Jul 24, 09 6:06 PM CDT
(Newser) - The recession has given marijuana-legalization advocates an unexpected boost, Time reports, as cash-strapped states are tempted by possible revenues from pot taxes. With an existing medical-marijuana market and cuts to education and health services pending due to a huge budget deficit, California advocates are preparing both legislation and ballot initiatives... More »

MORE ABOUT:
California • Arnold Schwarzenegger • medical marijuana • legislation • recession • marijuana • Oakland • budget deficit • ballot initiative • taxation

Oakland First City in Nation
to Pass Pot Tax

Voters back levy on medical marijuana that could raise $1M

Jul 22, 09 7:17 AM CDT
(Newser) - In a landslide, Oakland voters yesterday made their city the nation's first to levy a special tax on medical marijuana, the Los Angeles Times reports. By an 80% margin, voters backed a tax of $18 on every $1,000 in pot sales, a move that may catch on in other... More »

MORE ABOUT:
drugs • taxes • medical marijuana • marijuana • Oakland • taxation

ANALYSIS

 Social Security Suffers 
 as Execs' Pay Soars 

Top-paid workers get a third of total US pay

Jul 21, 09 9:32 AM CDT
(Newser) - Executives and other employees earning top dollar pull in more than a third of all US pay, the Wall Street Journal finds—and the ceiling on compensation subject to payroll taxes hasn’t risen enough accordingly, meaning the government isn’t bringing in what’s needed to plug ever-growing holes... More »

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executive compensation • Social Security • financial sector • financial institutions • executives • payroll taxes • taxation

(Newser) - A pro-legalization group has launched a statewide ad campaign in California stressing that pot smokers want to pay taxes, the San Francisco Chronicle reports. The Marijuana Policy Project ads feature an "actual California marijuana consumer" who points out that regulating and taxing marijuana could help save services being cut... More »

MORE ABOUT:
California • marijuana • marijuana legalization • Marijuana Policy Project • advertising campaign • taxation

(Newser) - The Congressional Budget Office, eager for new sources of income, is considering taxation options for the nation’s collegiate athletic franchises, the Economist reports. Among the proposals are curtailing deductions for charitable donations to college sports programs; limiting tax-exempt bonds; and, most drastically, stripping the programs of their traditional... More »

MORE ABOUT:
NCAA • recession • athletics • college sports • college basketball • Obama administration • taxation • college football

COMMENTARY

 'Gay Tax' Hurts 
 Couples Tying the Knot 

Federal inequality lands same-sex couples in the poor house

May 16, 09 4:13 PM CDT
(Newser) - First comes love, then comes marriage, then the taxman, who penalizes same-sex couples with the “gay tax,” Nancy Goldstein writes on NPR. The media’s morality play about gay marriage has overshadowed the economic costs of inequality, argues Goldstein, who calculates her annual tax at $1,820 for... More »

MORE ABOUT:
gay rights • gay marriage • benefits • taxation • Defense of Marriage Act

 Oakland Proposes 
 Nation's First Pot Tax 

City council approves pot levy; voters to decide in July

Apr 30, 09 4:55 PM CDT
(Newser) - Oakland’s city council has approved a provision to apply a 1.8% tax to marijuana sold at medical dispensaries. If voters endorse the measure in July, Oakland would be the first city in the US to tax pot, reports the Wall Street Journal. Backers say it would bring in... More »

MORE ABOUT:
California • drugs • medical marijuana • budget • marijuana • Oakland • taxation

 Rove: GOP Ignores 
 Tea Parties at Own Peril 

Party needs to harness anti-tax feeling as issue moves to the forefront

Apr 16, 09 6:27 AM CDT
(Newser) - Karl Rove thinks the "tea party" anti-tax movement is "frequently amateurish and sometimes shrill," but he knows an opportunity for his beleaguered GOP when he sees one. The movement represents an outpouring of real and growing concerns that the party can't afford to ignore, the... More »

MORE ABOUT:
Karl Rove • taxes • Republican Party • taxation • tea parties

 Nevada Lawmaker 
 Seeks Hooker Tax 

$5-per-day levy on clients proposed to boost state coffers, help sex workers

Mar 25, 09 6:25 AM CDT
(Newser) - A Nevada lawmaker is seeking a new tax on the world's oldest profession, NPR reports. Democratic State Sen. Bob Coffin has introduced a bill that would tax anybody using the services of a prostitute—in the state's 25 legal brothels or elsewhere—$5 per day, with the proceeds going to... More »

MORE ABOUT:
prostitution • Nevada • brothel • taxation • Nevada Brothel Association

 Dems Slash 
 Obama's 
 Budget 

Congressional Dems scrap future plans to bail out financial sector

Mar 25, 09 2:04 AM CDT
(Newser) - Democratic leaders trying to trim the federal deficit have taken a hatchet to President Obama's budget plan, reports the Washington Post. Congressional Democrats are expected to formally announce plans today to cut hundreds of billions of dollars from the budget over the next five years, and eliminate plans to steer... More »

MORE ABOUT:
Senate Democrats • House Democrats • budget deficit • federal budget • Obama administration • taxation • Peter Orszag

Prez Won't
Fight Tax on
Health Benefits

Plan echoes McCain proposal slammed by campaigning Obama

Mar 15, 09 7:45 AM CDT
(Newser) - Despite attacking John McCain for the idea on the campaign trail, President Obama will not oppose taxing some worker health benefits to fund health care reform, reports the New York Times reports. On the stump, Obama called a similar plan “the largest middle-class tax increase in history.” While... More »

MORE ABOUT:
John McCain • health care costs • employer • health care reform • Obama administration • taxation • President Obama

Oregon Mulls Mileage,
Not Gas, Tax 

State worries about tax shortfall as vehicles get more efficient

Jan 3, 09 9:57 AM CST
(Newser) - Worried that the rise of fuel-efficient and hybrid cars will wipe out revenue for road repair, Oregon is considering taxing drivers by the mile instead of by the gallon, reports the AP. Lawmakers—aware that hiking gas tax is a political kiss of death—believe a mileage tax is the... More »

MORE ABOUT:
taxes • fuel efficiency • Oregon • GPS • gas tax • hybrid car • taxation

Obama's Tax Plan Is 'Dumb... Painful': McCain

Biden calls for tax hike on rich, urging 'it's time to be patriotic'

Sep 18, 08 3:38 PM CDT
(Newser) - John McCain slammed Democratic plans to raise taxes as “just plain dumb” and “painful,” the Chicago Tribune reports. The vehement appraisal came after Democratic vice presidential candidate Joe Biden urged high-income earners to embrace a tax hike targeted at them. “It's time to be patriotic…... More »

MORE ABOUT:
John McCain • Joe Biden • tax breaks • tax hikes • Election 2008 • taxation

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