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    Jan28

    When Tax Policy Meets Reelection Campaign

    by ToryGOP on January 28th, 2012 at 11:31 AM
    Posted In: Uncategorized

     

    I was reading this article in the Wall Street Journal, and I can’t resist putting in my 2 cents, so here we go.

     

    Reading through this opinion article, you start to ask yourself a few questions. It doesn’t take long (the first paragraph) for most people to start raising their eye brows. Here is how to sum it up: The Buffett rule is not about reducing the deficit or having the top 1% of earners pay their fair share; it’s about buying votes using other people’s money.

     

    I really do love the opening paragraph, because it exemplifies the problems with our President. A government taxes something for two reasons: to raise money or to create a negative incentive to purchase a product (i.e. sin taxes on cigarettes and alcohol). However, our President knows so much more about Economics that he decided to add a third: reelection.

     

    The President was told, in a 2008 interview on ABC News, that lowering the capital gains tax actually increased tax revenue. Now, it’s easy to see why this happened; more people invested! What a great thing for our economy! But what did our Campaigner in Chief think? Obama’s reply was, “I would look at raising the capital gains tax for purposes of fairness.” And now that it’s time to be reelected, he is trying to do just that.

     

    Well, let’s look at fairness for a moment. What is fair about taxes? Well, most people would argue not much, but we can draw a few conclusions. There are really only two ways to judge fairness in taxes: rate and amount. Either everyone pays the same amount (not very fair because people make different amounts), or everyone pays a similar tax rate.

     

    The Buffett rule seeks to “correct” the latter by increasing the tax rate on people making over $1 million to 30%. Well, Mr. President, the Congressional Budget Office says that people making over $1 million already pay 29.5% on total federal taxes. This has never been about getting the rich to pay their fair share. Fair share would not have the top 1% of earners paying more than the bottom 80%.  Nice try, Obama.

     

    The main argument here should be for reduced taxes on all income brackets. Now, as we discussed earlier, taxes always create is negative incentive to do something. Therefore, reducing taxes on something (like investment) increases how much of that activity you will see. Increase the capital gains tax, and see less investment. Increase the taxes on being successful, and well, same situation. Why would I work really hard to make money so Mr. Obama can take it away and give it to someone who didn’t work hard? If we lower taxes on people earning an income, logic would conclude that we’d get more people with income. Now that is such a simplified statement that we know it doesn’t actually work out, but just think about it. If we tax income, we get less income.

     

    So the Buffett rule will reduce government tax revenues, adding to the deficit. It will drive the tax rate far above the 30% that Mr. Obama is saying in public, due to economic factors that he neither understands, nor controls. How is this fair to the American people? He wants to add to our debt, tax people already paying the majority of tax receipts, all in order to win HIMSELF reelection. The Buffett rule is not for us, ladies and gentlemen. It’s for Obama.

    *Picture taken from the Wall Street Journal

    1 Comment
    Jan27

    Corey Stewart Speaks out about the failure of the “rule of law” bill in Richmond

    by PubliusPublicola on January 27th, 2012 at 6:58 PM
    Posted In: Uncategorized

    Corey Stewart says Va. Senate panel should have passed illegal immigrant law

    By Jeremy Borden

    A Virginia Senate committee should not have voted down an anti-illegal immigration law that would have allowed state police to check the immigration status of those detained or arrested, the chairman of the Prince William County Board of Supervisors said in a news release Friday.

    Board Chairman Corey A. Stewart (R-At Large) became one of the most outspoken proponents of a similar measure in Prince William that passed in 2007. Stewart said that the so-called “Rule of Law” measure has decreased violent crime.

    Prince William police have handed over more than 4,300 illegal immigrants to Immigration and Customs Enforcement (ICE) officials.

    Stewart said he hopes senators take a fresh look at the legislation if a companion bill, H.B. 1060, passes the House of Delegates.

    “This legislation will save lives in Virginia, just as it has in Prince William,” Stewart said in the release. Getting the measure adopted statewide is one of the county’s priorities.

    The bill, S.B. 460, failed in the Senate’s Courts of Justice Committee on Wednesday after a split vote, according to the nonpartisan group Richmond Sunlight, which tracks legislation.

    The Prince William measure was controversial when it was passed, and it prompted protests from the Latino community and others who argued that the measure could lead to racial profiling. Other detractors have said that it has hurt businesses and the county’s image.

    1 Comment
    Jan27

    Kings Dominion Law Survives

    by PubliusPublicola on January 27th, 2012 at 12:10 PM
    Posted In: Uncategorized

     

    For now ..what do you think about it?

    We would love to hear your opinion.

     

    Here is a Statement from State Senator Chap Petersen:

    Yesterday the Senate Education Committee, in a surprise to me, killed several bills designed to repeal Virginia’s “Kings Dominion” law.

    For those not aware, the law requires Virginia school districts to start their year after Labor Day, which means no school until well into September. That apparently gives a boost to Virginia’s tourism industry.

    I have always supported repeal. First, our school calendar should not be dictated by any industry. Second, with national standardized testing in May, our kids receive less actual learning time than their peers in other states. Third, the summer break is already TOO LONG. (take it from a father of 4 kids).

    And, yes, my family is a major consumer of Virginia tourism with annual trips to Virginia Beach, southwest Virginia and various amusement parks.

    Of course, Virginia has recognized the onerous nature of the law by granting waivers to 77 school districts, which are mostly small and rural. All the major ones (Fairfax, Prince William, Virginia Beach) are still trapped under the existing law. So this is having a continuing impact on the majority of our kids.

    Apparently a bill will come over from the House, so we will get a second chance to get this right. Like the “Sunday hunting” ban, the “Kings Dominion” law is an anachronism.

    2012 is a good year to get rid of it. – Chap Petersen

     

     

     

     

     Comment 
    Jan25

    David Webster to run for Herndon Town Council

    by PubliusPublicola on January 25th, 2012 at 12:10 PM
    Posted In: Uncategorized

    What follows is a glowing endorsement from Julie Williams and David Webster’s campaign announcement :

     

    I am tremendously excited to be able to share with you the announcement and my endorsement of David Webster in his run to become a member of the Herndon Town Council. While the Herndon Town Council election is by law non-partisan, i.e. party affiliations aren’t on the ballot, Spike and I have had the pleasure of working with David to promote other Republican candidates not to mention the work we have done together associated with Spike’s run for County Chairman.

    In our experience he has shown himself to be honorable, hardworking, intelligent, and humble. David is dedicated and capable while possessing an ability to connect with people in a way that makes it easy to discuss contentious issues effectively. Spike and I count David among our friends and know that Herndon needs him on their Town Council to address many of the challenges that face her. Not least of all the impending silver line development that brings with it a multitude of opportunities for Herndon, opportunities to protect Herndon from disproportionate obligations as well as ones for benefits to the town. David Webster will protect and advance Herndon; I hope you will join us in supporting him.  
    Julie Williams

     

    Herndon Lawyer Dave Webster Announces Candidacy for Herndon Town Council

     

    I am pleased to announce that I am a candidate for the Herndon Town Council.

     

    My legal background and my experience negotiating large-scale government and private business partnerships will benefit the Town especially when we respond to development opportunities presented by the Herndon-Monroe Metro Station.  I am also qualified to assess statutory and regulatory requirements affecting the Town, such as compliance with the Chesapeake Bay Preservation Act and other matters.

     

    I believe we need to control spending during these tough economic times and will oppose any new major spending initiatives.  I favor commercial development to attract jobs and increase tax revenues for the Town, but it is vital that we retain Herndon’s small town atmosphere, particularly in downtown.  We must not become just another strip mall/franchise eyesore.  Likewise, we must use caution in the Herndon Metro development, ensuring that it too maintains Herndon’s unique identity.  I will work hard to attract new business and preserve the character that makes Herndon a special place.

     

    I am a lifelong resident of Fairfax County.  I have lived in Herndon for seven years.  I am a member of the Virginia and DC bars.   I began my legal career working as in-house counsel for Jack Kent Cooke where I was directly involved in negotiations with DC and Virginia government officials in an attempt to build a new Redskins stadium.  As part of my commitment to our community, I have represented a number of women who were victims of domestic violence in DC and Virginia courts over the past several years and have obtained restraining orders on behalf of my clients in six of those cases.

     

    I believe in open and transparent government.  Thus far, I am the only candidate to file a publicly available campaign finance disclosure report with the Virginia State Board of Elections.  The report can be viewed at www.sbe.virginia.gov. I pledge that I will refuse to accept any PAC donations to my campaign.  I urge other candidates to do the same.

     

    We are at a crossroads in the future development of Herndon.  I want to be part of that future.

     

    Contact:

    Dave Webster

    Candidate for Herndon Town Council

    The Webster Committee

    P.O. Box 5063

    Herndon, Virginia 20172

    Phone: 703-415-6294

    Email: dave@davewebster.us

    1 Comment
    Jan25

    State of the Union Thoughts?

    by Not Jim Moran on January 25th, 2012 at 10:26 AM
    Posted In: 2012 elections

    Red NoVA readers: What are your thoughts on last night’s State of the Union? Feel free to post in the comments section.

    Personally, I thought it was a campaign speech that simply blamed Republicans. As Mitt Romney pointed out on NBC last night, President Obama had two years were both chambers of Congress were controlled by Democrats. How come he didn’t get more done during that period?

    The highlight of last night’s speech was definitely this moment:

     Comment 
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