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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 Sept. 16, 2011 / 17 Elul, 5771

Obama needs Ryan's vision on jobs

By Deroy Murdock




http://www.JewishWorldReview.com | President Obama’s $787 billion Stimulus has left America sputtering, like a Chevy Volt without its extension cord. Having learned nothing from this failure, Obama recently unveiled Stimulus, Jr. — the American Jobs Act. Costing $447 billion, Stimulus, Jr. boasts roughly half of its predecessor’s audacity.
 
Citing Moody’s data, the pro-Obama Center for American Progress crows that Stimulus, Jr. will create 1.9 million jobs in 2012.  That equals $235,263 each — quadruple the $57,491 cost of an average private-sector position.

Even worse, major tax hikes fuel Stimulus, Jr. Too bad Obama ignores House Budget Committee Chairman Paul Ryan’s loophole-closing, tax-rate-slashing vision.
 
“Obama spent $800 billion of our money in Stimulus One, and the economy sickened,” says Grover Norquist of Americans for Tax Reform. “Now he is back with another $400 billion in stimulus. Leeches! He gives us more leeches!”
 
ATR’s Ryan Ellis describes Stimulus, Jr. as “a series of permanent tax increases funding temporary tax relief and new spending programs.”
 
Obama proposes a brand-new tax, literally on thin air.
 
Americans who use cell phones, iPads, and other wireless instruments should brace for Stimulus, Jr.’s Section 278: a $4.8 billion Spectrum Tax.
 
Stimulus, Jr. also would hike 13 existing taxes, including:
 
• An itemized-deduction ceiling would treat the charitable, mortgage, and state-tax write-offs of Americans in the 39 and 35 percent brackets, as if they only paid 28 percent. Non-profits should worry that this will curb the enthusiasm for their causes among affluent taxpayers. And, as the philanthropic sector watches its support wane, where will the needy run? Into the shriveled arms of the debt-addicted state!
 
• Investment partners’ capital gains would be taxed at 39.6 percent starting in 2013, up from 15 percent today. This will give financial risk takers one more reason to idle their money, or export it to nations that welcome it.
 
• Obama’s War on Corporate Jets would invade the entire world of aircraft purchases by business. All such planes would have to be depreciated across 12 years, not seven. This will reduce aircraft demand and kill jobs among aviation-assembly workers, much as Daddy Bush’s 1990 Luxury Tax on yachts sank the pleasure-craft market and torpedoed some 25,000 boat-making jobs.
 
• Beyond smacking aircraft, Stimulus, Jr. would slam the energy industry by reducing or ending its access to depreciation, deduction, and double-taxation benefits that remain open to every other industry. Obama might as well siphon unleaded from drivers’ gas tanks.
 
These 14 proposed tax hikes would augment the 21 new or increased taxes that Obama already has signed, mainly within ObamaCare. Among them: A $2.7 billion Indoor Tanning Tax, a $20 billion Medical Device Tax, a $22.2 billion Pharmaceutical Tax, a combined $65 billion Individual and Employer Mandate Tax, and a $123 billion Investment Income Surtax.
 
Rep. Paul Ryan (R.–Wis.) couldn’t disagree more. As he explained Wednesday in a dazzling video, “The last thing we need to be doing is to complicate job creation in America with this complicated tax code.” He notes that individuals and companies devote six billion hours and $160 billion just to complete their tax paperwork. And taxes are a moving target: Ryan says that the Tax Code has endured some 4,500 changes in just the last 10 years.
 
Many of these amendments are loopholes that companies purchase through lobbying. “Every dollar that a business spends lobbying for a better tax deal is a dollar it’s not spending to make a better product,” Ryan observes.
 
Instead, Ryan would trim or toss loopholes by the truckload. This would allow individual and corporate tax rates to fall from 39 and 35 percent, respectively, to 25 percent each. The corporate tax would plunge from the industrial world’s second highest (after Japan) to a far more competitive 17th highest, tied with Austria, Denmark, and Holland.
 
If President Obama could resist his class-warfare instincts long enough to heed Congressman Ryan, he finally could liberate job creators to create jobs.


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Deroy Murdock is a columnist with Scripps Howard News Service and a media fellow with the Hoover Institution on War, Revolution and Peace at Stanford University.



Previously:

09/09/11: Reaganomics trounces Obamanomics

09/02/11: Labor leaders to Obama: Stop killing jobs

08/26/11: Pro-market Perry vaults over Romney in GOP race

08/19/11: Some rich Americans will not rest until Washington boosts their taxes

08/12/11: Hope, change and free birth control for all

08/05/11: Debt deal does virtually nothing

07/21/11: Dems pro-choice on abortion but little else

07/15/11: Debt deception: If only Dems were honest and GOPers were courageous

07/08/11: Congress' war on light bulb blows up





© 2011, SCRIPPS HOWARD NEWS SERVICE

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