James Pethokoukis

US top tax rate would be 52% with health surtax

July 15, 2009

Curtis Dubay of the Heritage Foundation emails me:

As calculated by the Tax Foundation, when factoring in the expiration of the 2001 and 2003 tax cuts, average state and local income taxes, Medicare taxes, and the new surtax, the average top marginal income tax rate in the U.S. would be 52 percent!

Shock! Climate change expert favors hyping global warming threat

July 15, 2009

This bit from an  interview with Nobel Prize-winning economist and climate change worrier Thomas Schelling is a stunner (bold is mine):

Why Obama, Dems are trying to rush through healthcare reform

July 15, 2009

Falling poll numbers and rising joblessness = time is not on the Dems side for passing healthcare reform — as liberal blogger Matthew Yglesias just realized:

9 reasons Pelosi’s healthcare surtax is disastrous

July 15, 2009

So what explains the crazy, cockeyed optimism of House Democrats? Maybe they still believe Team Obama’s rosy-scenario forecast that shows the stimulus package a) keeping unemployment under 8 percent this year and b) launching an economic boom next year and beyond. For some reason, though, they think the battered U.S. economy is so strong that politicians can pile tax upon tax on it with no fear of further harm. Less than three weeks after passing a costly cap-and-trade carbon emission plan, Pelosi & Co. have giddily unveiled a $1.2 trillion healthcare plan partially funded by a $544 billion surtax on the work and investment income of wealthier Americans, including small business owners.