TAX POLITIX
The Politics of Taxes
Opinion: Obamacare Is On Its Way Out
Rich Lowry over at National Review pointed out some hard realities of Obamacare as we enter in a new enrollment season. "Yes, ObamaCare has covered more people and has especially benefited those with pre-existing conditions (to be credible, Republican replacement plans have to do these things, as well), but the program is so poorly designed that, surely, even a new Democratic president will want to revisit it to try to make it more workable. Enrollment is falling short. The Obama...
Reince Priebus Responds Forcefully to the CNBC Debate Debacle
Reince Priebus had a swift and forceful response to the mockery that was the CNBC debate hosted on Wednesday night. Though I am not particularly a fan of the RNC, in this instance, Priebus was correct to call out the behavior of the moderators and the breech of agreement that occurred. Here's his letter in full below: Mr. Andrew Lack Chairman, NBC News 30 Rockefeller Plaza New York, New York 10112 Dear Mr. Lack, I write to inform you that pending further discussion between the Republican...
IRS Is Gearing Up To Take On 501c4s Again
During Congressional testimony on Tuesday, John Koskinen defended his tenure as Commissioner of the IRS against stirrings of impeachment among some elected officials. Koskinen maintained that there has been an ample turnover of personnel, as well as disciplinary reviews within the IRS, so that the IRS has been positively rehabilitated since the scandal erupted in 2013. While the accusation of charges against Koskinen -- accused of "misleading the public and destroying documents that were being...
Budget Deal: SSDI Gets A Bailout from Social Security Trust Fund
The latest reports on the budget deal show some entitlement changes coming to Social Security Disability Insurance (SSDI) and the Social Security Trust Fund. The text of the bill is here. According to analysis of the deal, spending would be increased "by $80 billion over two years, not including a $32 billion increase included in an emergency war fund. Those increases would be offset by cuts in spending on Medicare and Social Security disability benefits." The deal sought some much needed...
WSJ: Obamacare Decline Will Force a Rewrite in 2017
No DOJ Charges for IRS Officials in Scandal
The cynic in me was wholly unsurprised when the Associated Press reported the Department of Justice (DoJ) concluded that no formal charges would be filed against any of the IRS officials embroiled in the IRS scandal of 2013. In a letter to Congress, the DoJ announced that they found "no evidence that any IRS official acted based on political, discriminatory, corrupt or other inappropriate motives that would support a criminal prosecution." Never mind the fact that computer hard drives and...
Obama Pitches a Bailout-type Plan for Puerto Rico
I have written numerous times in the past few months of the fiscal distress in Puerto Rico. I have discussed how Puerto Rico's debt crisis is the result of years of government mismanagement, and a major key to getting Puerto Rico back on track is to reduce the size and scope of government. Now, President Obama is calling on Congress to directly aid Puerto Rico, with a plan that is very near a bailout. I'm reprinting the NYTimes article in full below, so to keep the details about the plan...
Obama Administration Predicting Flat Enrollment for Obamacare in 2016
Fallacies of a Minimum Wage Hike: Three Ways a Company Will Respond
For minimum wage advocates, their position is clear: more money in the hands of the worker is better for the worker -- a tangible result. Though their hearts may be in the right place, they lack the basic understanding of the invisible effects of minimum wage policies, especially when it pertains to the business side of the equation. What does the business grapple with? Here are three typical responses to a minimum wage hike. 1) By raising minimum wage, many people, especially the poorest...
Rick Santorum’s Tax Plan
The only reason why I am mentioning this plan is the sheer ridiculousness of its foundation. In his editorial in the Wall Street Journal today, Santorum announces that he will pay for his tax plan by "repealing ObamaCare and all of its associated taxes." That is patently absurd. No matter how much I may dislike Obamacare, the likelihood that it will be entirely repealed is slim to none. To stake an entire tax plan (flat tax at that) on something likely to be unattainable, is a bit foolish and...
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