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For those of you interested in my view on GM's bankruptcy and the future emergence of Government Motors, please see my article at HumanEvents.com. (My agreement with Human Events does not permit me to post the text of the article here.)see “GM Bankrupt: Obama Takes Over", Ross Kaminsky, HumanEvents.com, 6/1/09 http://www.humanevents.com/article.php?id=32085
Phoenix, AZ –Gov. Jan Brewer (R) is set to pressure state legislators into approving a new 2010 budget that is destined to take large sums of money out of the pockets of Arizona families. Such proposed tax increases of upwards of $1 billion in unspecified hikes by the Governor come amid the latest economic outlook—one that is bleak at best for a state with a projected $3 billion deficit.
On behalf of hundreds of thousands of FreedomWorks members nationwide, including many in your state, I urge you to vote “No” on H.R. 1256: the Family Smoking Prevention and Tobacco Control Act. This legislation marks a radical increase in power for the Food and Drug Administration, additional growth of government, and a significant intrusion by government into the daily lives and decisions of its citizens.
Retail associations, anti-tax groups and even some progressive organizations are dusting off battle plans to fight a potential new tax they say would cripple the economy and unfairly target the poorest Americans.
In 1773 the Sons of Liberty organized the first tea party in Boston harbor. On April 15th 2009 many of you joined with us and millions of other American across the country at over 500 modern day taxpayer tea parties, 20 here in Oregon.The tea party movement began in response to corporate and mortgage bailouts, the $1 trillion dollar debt stimulus plan, and President Obama's $2 trillion dollar budget deficit. On June 6th we want you to join us for a day of organizing, training and educating. We will have national and state campaign and policy experts in attendance to answer your questions and help you organize your community.Now is our chance to take back our nation, we are the new Sons and Daughters of Liberty. We can pass on the same legacy we received from our ancestors to our own children and grandchildren.Join us on Saturday June 6th from 9:00 am to 5:00 pm at the Red Lion in Salem, Oregon for the 2009 Oregon Liberty Summit. This will be a celebration of freedom and liberty, including campaign and issues training, featuring campaign and policy experts and hundreds of activists from around the State of Oregon.For more information and to register please visit OregonLibertySummit.com.
As lawmakers toy with the idea of an across-the-board sales tax on just about everything, tax reform advocates are starting to drum up opposition with the same fervor they employed during last month's anti-tax tea parties.The idea of a national sales tax was once unlikely. But now that the federal government is doling out billions in stimulus spending and bailouts, and looking for billions more for health care reform, the prospect could be gaining some traction.
Washington, DC - At the same time the federal government is forced to borrow half of the $3.6 trillion budget, Congress has the audacity to try to start a new $2 trillion health care program. Many analysts are beginning to fear that the United States is close to loosing its AAA bond rating but that has not stopped Congress from expanding the size and scope of the federal government and passing a catastrophic debt burden to taxpayers and future generations.
Stanford economics professor and creator of the Taylor Rule, John Taylor, had an interesting article in the Financial Times on Tuesday. He explores options for government to find a way out of its monstrous debt and what effects those options might have on the United States' credit rating and tax burden. He writes,
The General Motors bond holders that had been offered a 10% stake in the company after recapitalization refused the offer. The unsecured bond holders are owed about $27 billion and 10% of a recapitalized GM is likely to be worth substantially less. It is possible that another deal could come together before the deadline of June 1.
Salem, OR - FreedomWorks is unleashing its grassroots network in Oregon to stop the state legislature from raising state income taxes by $800 million. Raising taxes during a recession is terrible public policy and will not lead to long term economic growth. Only by reducing taxes and regulations, and making Oregon a more business-friendly state can we achieve the goal of steady economic growth for Oregon.