The Pharaoh hardened his heart and would not let the people go. Then business executives said to John Boehner, "Go to Pharaoh and say to him, "This is what the conservative business community, the God of the Republicans, says: "Let my people go, so that they may worship me."
This legislation — popularly known as 'Plan B' — permanently prevents a tax increase on families making less than $1 million per year. Republicans supporting this bill are this week affirming to their constituents in writing that this bill — the sole purpose of which is to prevent tax increases — is consistent with the pledge they made to them. In ATR's analysis, it is extremely difficult — if not impossible — to fault these Republicans' assertion.
Funny enough, applying this logic to the Obama proposal would make that plan consistent with the pledge as well. After all, the Democratic proposal prevents a tax increase on families making less than $250,000 per year, but the Norquist's new dispensation does not apply to the Obama plan, because the Pharaoh does not have to be fair.
Photo by Chip Somodevilla/Getty Images News/Getty Images
Tags: Americans for Tax Reform, Fiscal Cliff, Grover Norquist, John Boehner
If you thought the USA Olympic team's greatest foe was China, you're as wrong as communism. China is actually our greatest tailor. Besides, China taking our gold medals is preferable to them taking our gold reserves. The real foe is another country — USA! USA! USA!
Athletes who win a gold medal also earn a $25,000 honorarium — and with it an $8,986 tax bill to the IRS, according to Americans for Tax Reform, which crunched the numbers. That covers both the honorarium and the tax on the value of the gold in the medal itself.
The silver medal tax comes to $5,385, and the bronze medal tax is $3,502 — including $2 for the value of the bronze medal itself, and the $10,000 honorarium.
That could leave amateur athletes — in many cases still teenagers — facing stiff tax bills when they return to the U.S.
Just when all hope was lost, conservative dreamboat Marco Rubio comes to the rescue in sails made out of his own luxurious hair to achieve the impossible — making us agree with Marco Rubio on taxes…
"Our tax code is a complicated and burdensome mess that too often punishes success, and the tax imposed on Olympic medal winners is a classic example of this madness," the Florida Republican said.
Rubio introduced a bill on Wednesday exempting athletes from paying taxes on their wins. Kind of hard to argue against that. But can we all agree Olympic athletes should be taxed extra for any money made convincing out-of-shape Americans that eating at Subway counts as exercise?
Photo by Adam Pretty/Getty Images News/Getty Images
Tags: Americans for Tax Reform, Marco Rubio, Olympics, Sports, Taxes
Jon Stewart's interview with Grover Norquist continues after the jump.
The Daily Show airs Monday through Thursday at 11/10c.
Tags: Americans for Tax Reform, Conservatives, Grover Norquist, Jon Stewart, Ronald Reagan, Taxes, The Daily Show, Video