Tag Archives: Taxes

Episode 107 – A Compromise with No Compromises

In this episode, Jeff and Glenn discuss the recent compromise in the tax rate extensions and the results of the debt and deficit commission report with Jeff Thiebert. Jeff is the National Grassroots Director for the Concord Coalition. The Concord Coalition is a nationwide, non-partisan, grassroots organization advocating generationally responsible fiscal policy. Together, the PoliTalk Boys and Jeff Thiebolt discuss the potential results of unbridled spending on the economy and the country. They also explore the ramifications of a tax compromise that had no compromises. If you pay taxes, don’t miss this fun and informative episode.

Best Friends. Vast Experience. Engaging political discussion without the fighting…and with a few laughs. It’s PoliTalk, your weekly political podcast.

You can get the PoliTalk Podcast on  iTunes and Zune

PoliTalk Discusses Debt Commission, Taxes, Obama’s Weakness on thepulsenetwork.com (TPN) show

In an electric and engaging conversation, Jeff and Glenn today talked about the Debt and Deficit Commission Report, David Brooks idea to scrap the tax code, Jeff’s idea to let all the Bush tax cuts expire and start fresh with the Obama Tax Cuts, and Glenn’s devastating attack on President Obama’s weakness and ineffectiveness as a leader. Watch the show on The Pulse Nework by clicking here.

David Brooks Has a Dream for Tax Reform

David Brooks (Photo Credit - Josh Haner/The New York Times)

David Brooks’ Op-Ed in the New York Times yesterday is worth reading. He makes some great points that I believe pragmatic and independent minded voters (including myself) can appreciate and see a glimmer of hope that our politicians can do some good for our nation.

Read the full article here, but David Brooks lays out the dream that he hopes will be the Obama Administration tactic for the State of The Union:

Brooks is hoping that the President will take on the tax code and use the State of the Union as the launching pad in which the President might say,

“The plan we will work on this year will look a bit like the 1986 reform plan. We will clean out the loopholes. We will take on the special interests. We will lower rates and make the tax code fair.”

Brooks goes on to comment,

Then Obama asks his aides to come up with a tax reform proposal he can lay before Congress. The State of the Union, he knows, is the one big chance he will have to redefine himself before the American people. On the big night, Obama stands before Congress. He gestures over to a giant stack of papers. “This is our tax code,” he tells the American people. “It’s rotten and we’re scrapping it.”

Later on in his piece, Brooks talks about a debate he had with Congressman Paul Ryan last week at the conservative think tank AEI.

I argued that Obama and his aides are liberal or center-left pragmatists and that nothing they have said or written suggests they want to turn the U.S. into Sweden. I continued that Ryan’s sharply polarized vision is not only journalistically inaccurate, it makes compromise and politics impossible. If every concession is regarded as an unprincipled surrender that takes us inexorably farther down the road to serfdom, then nothing will get done and the nation will go bankrupt.

Check out the full article. It is worth a read.

-Glenn

Episode 106 – Lame Duck Session – Taxes, Treaties…or just Lame?

This show covers a lot of ground…maybe more than Congress has done in its Lame Duck Session! The show starts with an interesting discussion on the Bush Tax Cuts and the rich. Jeff points out that the wealthiest Americans used to pay taxes at a 94% rate, cut down to 77% under Lyndon Johnson, and then to 28% under Ronald Reagan. With Congress not cutting spending, and loopholes and breaks geared to special interests and the wealthy, Jeff and Glenn wonder how the tax cuts for the Lower and Middle Class Americans, and Small Businesses, will be paid for if not through higher taxes on the wealthy? Glenn points out the Warren Buffet came out this week and asked to pay higher taxes. Jeff pointed out that a study showed that in 2007, the 400 wealthiest Americans, due to tax breaks and loopholes, had an effective tax rate of 16.5%. They then talk about the prospects for the Start Treaty, and Don’t Ask Don’t Tell, now that the Pentagon has released a comprehensive 9-month study showing that the vast majority of those serving in the military do not care about gays serving along side them. They close the show with an interesting discussion of the WikiLeaks issue, pointing out that the one thing not being discussed enough is the actual technological breach of security — and how something like this can be prevented from happening again.

Best Friends. Vast Experience. Engaging political discussion without the fighting…and with a few laughs. It’s PoliTalk, your weekly political podcast.

You can get the PoliTalk Podcast on  iTunes and Zune

Something Every Democrat Must Read…Thank You Ted Strickland

This story, which just ran on the Huffington Post, echoes what Glenn and I have been talking about on our show for over a year. Thank you Gov. Strickland for finally putting this out in the open. I hope someone in the communications and political shop at the White House and DNC is reading this.

- Jeff K

Episode 105 – Grope, Scan and Taxes

In this episode, Jeff and Glenn have a difference of opinion over the current airport scanner technology implementation. The result is a passionate debate over Jeff’s view of the money is well spent vs. Glenn’s view that the terrorists will find other holes as they have done with ink jet cartidge bombs in the cargo hold. Later in the show, the dynamic duo get down and dirty over the impending tax rate hike. Finally in last shots, Jeff tells of his upcoming movie and both Glenn and Jeff discuss a commercial that they shot this past weekend. You definitely want to hear the big reveal that Jeff makes about a piece of clothing he had to wear on the commercial.

Best Friends. Vast Experience. Engaging political discussion without the fighting…and with a few laughs. It’s PoliTalk, your weekly political podcast.

You can get the PoliTalk Podcast on  iTunes and Zune

 

Nothing to Fear but the Truth Itself

Sometimes when you are near the bottom, there is something that gives you hope.  I’ve been disheartened lately.  Because even if the Republicans manage to take back the House and make in-roads in the Senate, I’m skeptical that there will be enough new blood in Congress with the courage to bring the country back to fiscal sanity.  Quite simply, so few have the guts to give us the real story. Entitlements must be cut, taxes must be raised, and we need to completely re-think our role as a military power on the international stage.

So why am I hopeful this Sunday? Because I heard two conservatives actually being conservatives – saying that taxes would likely have to be raised on everyone to get us back to fiscal balance.  Finally, straight-talking conservatives spoke the truth without the fear of going against traditional Republican tax dogma.

These conservatives were Rick Santelli and David Brooks. Check out Meet the Press and hear it in their own words. Granted neither was running for office, so the risk of telling the truth was low.  But as Brooks pointed out, Americans are not quite ready to hear that we need to be cutting spending on social programs and raising taxes like they are doing in the U.K. today.

But for now a poll.

 

Episode 77 – Sarah Palin, Taxes and the Un-American Way

Sarah Palin, at a Boston Tea Party Express Rally, called the President’s policies “un-American.” Jeff and Glenn dissect the politics of Palin’s comments and explain why the Tea Party movement isn’t so much a movement as it is an organization of voters into a voting block. The amiable hosts take Palin to task for her rantings, and Jeff, the Progressive Democrat, explains how he holds some Republicans in very high regard for their substantive positions — people like Bob Dole, Olympia Snow and Susan Collins. Palin, he explains, it a telegenic quitter, who spews soundbites but surfs over policy details, what we like to call that “brainy substancy” thing. Imagine Abe Lincoln at Gettysburg channeling Sarah Palin. Hard to put the two in the same sentence. And speaking of the absurd, Jeff and Glenn take on the tax system. Incredibly, Jeff defends the payment of taxes, and interestingly Glenn points out that in what we hope would be a fair system, only 47% of Americans actually pay taxes. Glenn offers up a simple alternative: establish a rate along a sliding scale — one that is actually doable and fair, and then pay the tax. Period. everyone in. No deductions. No loopholes. It’s PoliTalk, your source for political information.

PoliTalk: Best Friends. Vast Political Experience. Refreshing political discussion…without the fighting…and with a few laughs. Hosted by Glenn Gaudet and Jeff Kimball.

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On the Eve of April 15th, In Defense of Taxes

Keeping with my nature, I am going to take a stand that I know is universally abhorred, but I am comfortable in the resolve of my opinion. It is a political no-brainer, and just plain easy, to rant against taxes. People are easily mobilized by their hatred of taxes, and drawn to any conversation on conservative AM stations on the subject.  Glenn Beck has even called some taxes “racist.” Most people make a good living laying into the tax man. I’m not one of those people.

My grandfather was a dairy and potato farmer in Maine, a descendent of the pilgrims who crossed the Atlantic to settle into a new land. My grandmother was the daughter of Polish immigrants, who came here in the early 1900s to find a better life. Neither was wealthy. Each had to struggle against enormous odds to make it through the Great Depression. But from each I learned the nobility, the honor, the obligation, to reach beyond ourselves in support of others — friends, town folk, the “community,” fellow countrymen.  I am blessed to lead the life I live, but have seen so much taken away so quickly — families wiped out financially by chronic illness, once promising careers lost to economic forces. We are no different than any other family, and that’s my point. There but for the Grace of God go each of us.

The tax system is dysfunctional, outdated, and in dire need of reform. Too many pay a disproportionate share of their income in taxes, and many others, through the use of loopholes, tax shelters or schemes, have the means to pay their share, but pay significantly less. That’s not fair. The Congressional Budget Office estimates that the average family gives 9% of its earnings to the government in taxes. Former Republican Congressman Dick Armey conceded that “the federal tax rate right now is at a good level.” A good level for the very wealthy. Do you realize that over the last 50 years taxes have dropped most significantly for the top 1% of earners?

We just did a show on an alternative tax method — the Fair Tax (see Episode 75 to right). While they can’t register me on a list of supporters, I love the principles of simplicity and transparency.  I’m not sure I can find anyone that can explain the current tax system to me now in a simple way, other than to say: unfair, burdensome.  I would like to see a system whereby Americans are encouraged to make money, live the American dream, but share fairly and more equally in meeting our financial obligations.

The place where those taxes go, that’s another story. Congress wastes a lot of money, funding pork projects and earmarks, creating or sustaining programs for which funding is lacking, and for which we deficit spend to meet our needs. I get all that, and I, like many others, would gladly take a meat cleaver to the Country’s budget. We have a responsibility to live within our means while also meeting our obligations. But I stand solidly in the corner that we have obligations to each other, and this is an ethic not only shared by my grandparents, but by the colonists who settled our country. One of the first acts in coming to the new country was to establish a tax in support of the destitute, a tradition carried over from England were “poor laws” were in existence since 1601.

But too many vilify the system and its participants — those who work in government — and spew hatred that leaves us on the brink of violence (which has sadly manifested itself at times, like in Oklahoma City or more recently in Texas). So I write today to stand in defense of the defenseless. Many people I know speak in terms of “us and them,” of those in Washington taking our money away, of what we don’t have, what’s being taken from us. The anger is legitimate, but so is the sacrifice of those who work on our behalf. Some, like Sarah how’s-that-rhetorical-gun-metaphor-writing-notes-on-your-hand-thingy-going Palin, speak of tax revolts, tea parties, and taking over the system. I watched in horror recently as a man with Parkinson’s Disease lay on the ground while someone from an anti-tax society ridiculed him, angrily tossing dollar bills on him, satirically saying “here’s your government handout.” My grandparents wouldn’t recognize that kind of person. I fear my generation is filled with too many of them, and will be remembered more for its selfishness and greed than its contributions to humanity.

When my grandfather was alive, I was told he’d take his surplus food and give it to his neighbors, without being asked, but knowing they needed help. My grandmother used to tell me that she was proud to pay her tax bill, because it confirmed her status as an American citizen, something that she was so proud to be. There isn’t a day when we aren’t all the beneficiaries of government programs — programs that are so much a part of the fabric of our lives that we don’t even recognize them — our military and intelligence services keeping the country safe; police and fire fighters, teachers, postal workers.  It’s easy to vilify taxes, but I urge you instead of reacting instinctively this April 15, to recognize that you are in some way doing a greater good, and you should feel a measure of pride in helping your fellow man. I, for one, appreciate your support.

– Jeff Kimball

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Episode 61 – Taxing Wall Street, Going for the Gold

Glenn and Jeff engage in a healthy debate about the value of Britain’s new plan to levy a one-time 50% tax on bankers’ bonuses. Glenn argues that this unprecedented move is better solved by first changing the regulations surrounding the financial industry. Jeff argues that these bankers wouldn’t have bonuses without taxpayer money, and that taxpayers deserve a fair share of the bonus income for the year in which Wall St. profited so handsomely from the government bailouts. Glenn and Jeff strongly agree on the need for banks to start acting like banks again, providing credit to small businesses and entrepreneurs, which can be done by restoring Glass-Steagal — a little known law whose repeal had an enormous impact on the financial crisis. Glenn also explains why some radio personalities are strongly advocating investments in gold, and Jeff takes on Glenn Beck for  backing these investments while not revealing his unethical relationship with advertisers pushing investments in…gold! Always entertaining and informative, it’s PoliTalk, your weekly political podcast.

You can get the PoliTalk Podcast on  iTunes and Zune

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