Shumlin Admits High Taxes Hurt Businesses, Families, and the Economy

Peter Shumlin, a Democrat governor from one of the most liberal states, made a jaw-dropping admission when he released his much-awaited plan for a single payer health system in Vermont. Shumlin’s proposal called for massive tax increases to pay for the system, which Shumlin himself called “detrimental to Vermonters”. Shumlin stated,

“These are simply not tax rates that I can responsibly support or urge the Legislature to pass. In my judgment, the potential economic disruption and risks would be too great to small businesses, working families and the state’s economy.”

His plan, which he eventually submitted after missing two financing deadlines, called for “businesses to take on a double-digit payroll tax, while individuals would face up to a 9.5 percent premium assessment.” Shumlin also stated that federal funding for the transition into such a health system was now expected to be $150 million less than originally planned, a huge amount of money at stake for such a tiny state.

Perhaps feeling the heat from the extremely narrow election in November (which he actually hasn’t officially won yet), Shumlin basically denounced his own proposal as soon as it was released. Obamacare is particularly odious in his state right now as well, as Vermont shelled out some $400,000 to Jonathan Gruber, for health care consulting.

Shumlin is finally learning that, with socialism, you eventually run out of other people’s money.

Sebelius Blames $400M Ads For Obamacare’s Unpopularity — Except the Administration Spent Nearly $700M

Last week, Kathleen Sebelius peddled the idea that Obamacare is merely “a very bad brand” and blamed misinformation via “a lot of paid advertising” for it; she also calculated spending on anti-Obamcare ads to be around $400 million: “So Obamacare … [Continue reading]

Obamacare Users Will Need Extra Form From the Government Before They Can File Their Taxes

Obamacare-website-before

If you are an Obamacare enrollee, you will not be able to file your taxes next year until you receive a new Obamacare form, the 1095A. That means if the government is not on time getting the forms out, taxpayers who need the form could face a delay … [Continue reading]

IRS-White House Doc Link, Part II: Feds Site Privacy Laws Prohibiting Release

Last week, TIGTA revealed the existence of around 2500 documents "relating to investigations of the improper disclosure of confidential taxpayer information by the IRS to the White House." December 1st was the deadline for the Department of Justice's … [Continue reading]

Treasury Issues $1 Trillion in New Debt to Pay Off Old Debt, Despite Record Revenue

Even though the government is bringing in record revenue, its spending is still outpacing its intake. CNS News did an analysis of Treasury Statements, and revealed that the Department of Treasury is currently operating like a Ponzi scheme: "The … [Continue reading]

IG Watchdog Has Located Tens of Thousands of Lost Lerner Emails

Tens of thousands of Lerner emails have been found by the U.S. Treasury Inspector General for Tax Administration (TIGTA). This past Friday, TIGTA announced to congressional staffers that they were located “among hundreds of “disaster recovery tapes” … [Continue reading]