A Comfort of Consistency, by Justin Katz
Under the Government's Wing
5:48 PM, 07/ 5/10
Earning Happiness, by Justin Katz
Culture
1:46 PM, 07/ 5/10
Costa Encounters the Pitiful Enemy, by Justin Katz
Rhode Island Politics
9:31 AM, 07/ 5/10
Cutting the Cultural Meat Out of American Education, by Justin Katz
Education
8:24 AM, 07/ 5/10
Poetry of Life's Underlying Politics, by Justin Katz
Culture
8:26 PM, 07/ 4/10
A tribute to our country, by Donald B. Hawthorne
Liberty & American Founding
6:04 PM, 07/ 4/10
Blue Cross Advertisement from the Former Governor, by Justin Katz
Rhode Island Politics
4:49 PM, 07/ 4/10
I Can't Take It Anymore! Just One Small Post About Al Gore, by Monique Chartier
On a Lighter Note...
4:12 PM, 07/ 4/10
Civic Engagement Should Be Part of Life, by Justin Katz
Seeding the Grass Roots
11:58 AM, 07/ 4/10
Let's Be Clear: If You Oppose the Recent Changes to the Arizona Immigration Law, You Oppose United States Immigration Law, by Monique Chartier
Immigration
10:30 AM, 07/ 4/10
May 14, 2009
Their Errors, Our Freedoms... and Taxes
So when the president's budget errs in its estimation to the tune $58 billion, why is a more invasive pursuit of taxes the obvious answer?
The Obama administration on Monday proposed $58 billion in additional taxes to offset budgeting errors that overstated revenues in the president's plan to finance health care reform.The tax measures target a host of activities, including people who for tax purposes aggressively reduce the value of property received as gifts or in estates. To reduce fraud, other provisions would require investors, contractors and taxpayers to provide more information about certain transactions to the Internal Revenue Service.
The largest budgeting error overstated the amount of money that would be raised by limiting charitable and other deductions for high-income taxpayers. The limits would generate $267 billion over the next 10 years $51 billion less than the administration projected in February.
It seems that, no matter what happens even an incident of miscalculation on the administration's part the government gets a little bit more power and control.


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