Another Deduction!

Another Obama administration nominee with tax problems! Nancy Killefer has withdrawn her candidacy to be the first chief performance officer for the federal government due to a failure to pay employment taxes on household help for a year and a half.

The AP reported that on March 7, 2005, the D.C. Department of Employment Services slapped a tax lien on her home in the tony Wesley Heights neighborhood. The local government alleged that just three years after she left the high-powered Treasury post she began to fail to pay unemployment compensation tax for a household employee. And she failed to make the required quarterly payments for a year and half, whereupon a lien for $946.69 was placed on her home.

You know, if these officials, lawmakers and other fat cats actually paid their share of taxes like the rest of us, maybe our federal budget wouldn't be in such a crisis.

Tax Exempt?

What is going on with these Democrats lately? Two of Obama's cabinet appointees seem to have trouble paying their taxes! First there was new Treasury Secretary, Tim Geithner, who failed to pay Social Security taxes, even though he was paid extra to compensate for those taxes. Now we have Tom Daschle who has been picked to head the Health and Human Services Department. Apparently he failed to pay more than $120,000 in taxes! No wonder Democrats have no trouble raising taxes, they don't intend on paying them anyway! Look guys, if you want to get out of paying your taxes, do what the Republicans do, USE LOOPHOLES!

History Lesson

Given my recent posts about 'Trickle-Down' or 'Supply-Side' economics, I thought a little historical review was in order. According to the numbers, the conservative approach of "Take money away from 95% of the American public and invest in the few who need it the least" just doesn't work! The thing to keep in mind here is that during the Clinton years, taxes were actually raised and the Republicans screamed about how that would absolutely destroy the economy. The real numbers to look at here are the 'Median Household Income Growth' and the 'Employment Growth'. Bush's tax cuts that were supposed to be such a boon for the economy did manage to grow the GDP and investments, but didn't get the average american any further ahead, nor did they create any additional employment. The Reagan years, which they claim were so great, just don't compare to the growth of the late 90's.

Their crap just doesn't work! How many times do we have to try it before it sinks in?

UPDATE: It has been brought to my attention that my chart had an error. I had accidentally labeled the Reagan/Bush1 years as 1991-1993, it should have been 1981-1993. Sorry for the mistake.