TAX POLITIX
The Politics of Taxes
Gruber in 2009: Obamacare is Unaffordable, Has No Cost Controls
The Daily Caller did a great job uncovering more of the information surrounding the writing and passage of Obamacare. Going back to 2009, the chief architect of Obamacare, Jonathan Gruber, made two very specific points about the bill: 1) it is unaffordable because there are no cost controls; 2) in order to control costs, treatment would have to be denied. Below are highlights from the 2009 policy brief: * “The problem is it starts to go hand in hand with the mandate; you can’t mandate...
The IRS and the Practice of Asset Forfeiture
The practice of asset forfeiture by the IRS has been highlighted in recent months due to a high-profile case involving a woman who had roughly $33,000 of her money seized by the IRS. The IRS claimed her “pattern” of depositing the money she earned from her restaurant — typically cash and often in sums under $10,000 — was suspicious enough to warrant the plundering of her account. Several weeks after the public outcry about this woman’s plight, the IRS dropped the case and agreed to return her...
Thinking Ahead For the Twilight Years
They say March comes in like a lion and goes out like a lamb. That expression is also applicable to persons in their 80s -- they go in like a lion and out like a lamb. As they start going along in those years, their ability to discern and filter out the problematic elements of society become worn down. We see the elderly become more vulnerable to Nigeria scams, people selling them bad investments, being taken advantage of on the streets. It is incumbent for children, therefore, to protect...
Public Sector Wage Increases Should Reflect the Private Sector
The rapid rise of public sector jobs is a cause for alarm. While the private sector still struggles with an anemic economy, the government has expanded its employment steadily throughout the economic downturn. A majority of private sector workers rightly believe that the public sector has better wage and benefit compensation than its private counterparts. With the continuous expansion of public sector jobs comes the cost to the taxpayer to fund the numerous positions. In order to rein in the...
Rubio Right, Rand Paul Wrong
Rubio is right and Rand Paul is wrong on the recent Obama deal with Cuba. As someone who spent more than 14 weeks over the last decade in Cuba, I can personally refute the following falsities that are being circulated by supporters of Obama’s rapproachment with Castro. 1) The Cuban people like Castro: This is a joke. Everyone knows if Castro speaks, they must listen on the radio. So they turn up the radio loudly in their own homes - it is common knowledge that there are informers on every...
Tax Credits, Tax Returns, and Obamacare
If you are an Obamacare recipient, you may find you owe money at tax time for Obamacare subsidies that you received if you had income or life changes in the year that you didn't report to the Marketplace. Most people who purchased Obamacare plans found they were eligible for subsidies to help offset the cost of their insurance premium payments. These subsidies are officially called "premium tax credits". Enrollees had the option of applying none, some, or all of their premium tax credit to...
The Tea Party is Losing Its Way
I joined the Tea Party in my locality a few years ago when it began because I sincerely believed in its simple, but extremely powerful and direct message: Low Taxes Limited, Constitutional Government Individual liberty and nothing else. The Tea Party was not to be a political “Party” with positions on every subject under the sun. It would only be involved in its particular concerns, so as not to dilute its message. Then what is this nonsense, especially in the last year, regarding certain Tea...
Gov. 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...
Quickly Noted: Insurers Allowing Extra Grace Period to Pay January Premiums For Obamacare
From Fox Business: "The health insurance industry says companies will give consumers more time to pay January's premiums under President Barack Obama's health care law. The move is an attempt to head off potential problems as the Obama administration renews millions of current customers, while trying to accommodate new ones as well. Renewing coverage each year is standard operating procedure for private insurance plans. But 2015 is the first renewal year for the health law, and the process...
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