The Associated Press is now chiding President Obama for falsely claiming that his proposed tax on uninsured people is not a tax.   It is a tax increase, the AP says, and it would be enforced by the IRS: “Memo to President Barack Obama: It’s a tax. Obama insisted this weekend on national television that requiring people to carry health insurance - and fining them if they don’t - isn’t the same thing as a tax increase. But the language of Democratic…

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The middle class is facing big tax increases thanks to Obama and liberal congressional leaders.

Even the trimmed-down version of Obama’s health-care plan recently announced by a ranking Senator contains lots of tax increases for the middle class (see below).

And the costly cap-and-trade energy legislation passed by the House and supported by Obama would lead to big tax increases in the name of fighting global warming, Administration officials privately have conceded, even though they publicly claim otherwise.  “Officials at the Treasury Department think…

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Obama’s racist, communist, America-bashing Green Jobs Czar, Van Jones, has resigned after revelations that he was a 9/11 “Truther,” who believed that George Bush may have been behind the terrorist attacks on 9/11.

But Obama has long been aware of Jones’ extremism, wacky statements, and arrest record, which would have come to light months ago during the White House vetting process, as former White House staffer Jeffrey Lord and National Review’s Andrew McCarthy note. The Secret Service would have investigated Jones’ past and Marxist views…

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People aren’t willing to pay much to reduce the emission of greenhouse gases to fight global warming, according to a Washington Post-ABC News Poll. 52 percent said they would support a law that “significantly lowered greenhouse gas emissions” — but only if it cost them less than $10 a month. Only 39 percent said they would support such a law if it cost them $25 a month — which is vastly less than it would actually cost.

In the name of…

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Even though 4 Democratic Senators are so nervous about the electricity tax called cap-and-trade they are urging their leadership to drop it from the global warming bill, no-one should count on that happening yet. More Senators need to wake up to the significant problems cap-and-trade has, and there is no better example of those than the European version of the scheme. With that in mind, my colleague Roger Abbott and I have written a piece for the American Spectator today that…

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Congress plans to spend $200 million on luxury jets for liberal House leaders, even though it earlier denounced the automakers for having corporate jets, and even though the luxury jets the House plans to buy emit vast amounts of pollution and greenhouse gases. Now they’ll be able to go on foreign junkets and hob-nob with wealthy lobbyists in style.

As Victor Davis Hanson notes, this excess and hypocrisy is typical of a House Speaker “Pelosi who rails about carbon footprints, but wants the…

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In 2008, Obama promised not to raise taxes on anyone making less than $250,000 a year. But he is now breaking that promise by proposing to tax some middle-class families to pay for health care. Obama has also falsely pledged that if you like your health insurance, you will be able to keep it under his plan. But the Congressional health-care bills he backs would destroy countless inexpensive health-care plans by gutting a federal law called ERISA that makes it possible for employers to offer…

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One of Obama’s own advisers admits that the cap-and-trade energy-rationing scheme backed by the “Obama Administration and Congressional Democrats” would “have a trivially small effect on global warming while imposing substantial costs on all American households. And to get political support in key states, the legislation would abandon the auctioning of permits in favor of giving permits to selected corporations.”

Obama adviser Martin Feldstein notes that “the Congressional Budget Office recently estimated that the resulting increases in consumer prices” from capping the amount of…

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The federal government poured billions of dollars into Chrysler, which then went bankrupt and merged with Fiat. But Chrysler may never revive, thanks to absurdly generous compensation for the company’s union employees. The Obama Administration has refused to cut union wages substantially, though it had no compunction about ripping off the pension funds and other lenders who loaned money to Chrysler to try to keep it afloat. Even union members seem surprised by how little they were asked to sacrifice.

Moderate Democrat Mickey Kaus, who reluctantly…

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The stock market has gone up by 280 points so far today, fueled by FASB’s vote to relax rigid mark-to-market accounting rules, which require financial institutions to value assets at their current fire-sale prices, and magnify boom-bust economic cycles.

The market may also be getting a boost from the Senate’s earlier vote undercutting the Obama Administration’s proposed $2 trillion cap-and-trade carbon tax, which would impose burdens on the economy akin to Herbert Hoover’s disastrous 1932 Revenue Act at the beginning of the Great Depression.

The market’s…

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During the Great Depression, Herbert Hoover damaged the economy, and impoverished the American people, with costly, artificial attempts to stimulate the economy through increased government spending, financed by heavy taxes like the Revenue Act of 1932.

Obama is now doing the same thing through his proposed $2 trillion cap-and-trade carbon tax. That tax fulfills his prediction in 2008 to the San Francisco Chronicle (which didn’t report it) that “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.” As Obama admitted, that…

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Obama’s proposed “cap-and-trade” carbon tax on energy use and utility bills is expected to raise up to $2 trillion, more than the $646 billion the Administration earlier estimated. The Washington Examiner’s Tim Carney explains how this hidden tax works.

(Before his election, Obama explained that electricity bills would “skyrocket” under his Administration, but the press by and large wasn’t interested in reporting it).

The $2 trillion raised by Obama’s cap-and-trade scheme may be dwarfed by the money made, at consumers’ expense, by well-connected…

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In today’s Guardian, Juliana Glover reports that carbon permit prices in Europe’s Emission Trading System (ETS) have crashed from €31 last summer to €8 today. This price is too low to create any incentive for covered entities to invest in ‘green’ technology.

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