Attorney, Real Estate Broker, Mortgage Broker
Phone: (661) 255-5000; PaladinEsq@AOL.com
November 15, 2011
Senator Harry Reid of Nevada on spending cuts, new revenues and tax increases to reduce the defecit and balance the budget:
http://www.huffingtonpost.com/2011/11/15/harry-reid-grover-norquist-super-committee_n_1095993.html
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November 14, 2011
Even Republican Senator Tom Coburn of Oklahoma said that tax breaks for millionaires are stupid, although he does not support tax increases.
http://www.huffingtonpost.com/2011/11/14/tom-coburn-30-billion-millionaires-tax-breaks_n_1092692.html
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8/14/11
Stop Coddling The Super Rich, By Warren Buffett
http://www.msnbc.msn.com/id/44143776/ns/business-personal_finance/t/stop-coddling-super-rich-warren-buffett-says/
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1&smid=tw-nytimesbusiness&seid=auto
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6/11
Robert Reich:
YouTube - The Truth About the Economy
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5/11
YouTube - Brother, Can You Spare A Trillion?: Government Gone Wild!
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U.S. National Debt Clock : Real Time
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7/13/11
National debt negotiations:
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December 4, 2010
Democratic Party attempt to extend middle class tax cuts in Senate is blocked by Republican Party filibuster, with demands of tax breaks for the richest people and corporations:
Suggestion: End the filibuster in the Senate, one of the most dysfunctional bodies of government in existence. Allow a straight up or down vote based on the majority of votes. (12/4/10).
The filibuster is a remarkably stupid procedure in the storied halls of the United States Senate by which the majority of senators allow themselves to be held hostage on vote taking by the minority of senators. It allows 40 senators out of 100 to block a vote. The procedure should be abolished without delay. (11/15/11).
12/4/10
Congressional reform: Bold Progressives, part of Act Blue:
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December 10, 2010
Vermont Independent Senator Bernie Sanders opposes extending tax breaks for richest people and corporations.
Friends of Bernie Sanders
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October, 2008:
Senator McCain would give more tax breaks to the rich without explaining how he would balance the federal budget or pay down the national debt, which has reached an astounding $10.15 TRILLION dollars (and getting higher all the time).
From Parade Magazine in the Los Angeles Times, October 12, 2008. Also Parade.com/intel:
"Senators Barack Obama and John McCain both say they'll cut federal taxes if elected. Here's what their proposals would mean for you.
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"If you are among the top 5% of earners... (Under Obama's plan) You would pay and additional $121 to $542,882 (if you earn more than $2.87 million per year)."
Under the McCain plan your taxes would go down for the top 5% of wage earners. You would save $8,159 to $290,708 on your income tax if you make more than $2.87 million per year.
"If your annual salary is less than $112,000, you'd pay less in taxes under Obama's plan; if your salary is higher, McCain would cut your taxes more. 'While the aggregate tax cut is bigger for McCain, a larger number of voters get more money under Obama,' says Alan Viard, a tax policy expert at the conservative American Enterprise Institute. 'Obama is choosing to emphasize tax cuts for the middle class, whereas McCain's strategy is to keep rates lower at the top as a way to facilitate long run growth.' For example, a person with an income of $1 million could see his taxes increase under Obama by as much as $94,000, whereas under McCain's plan he could save about $48,000."
Source: Parade Magazine dated October 12, 2008.
Parade.com./intel
John Paladin, attorney
Paladin Law Office
National debt and tax reform
Paladin Law Group
