TAX POLITIX
The Politics of Taxes
Another Judge Calls for IRS Investigation Into Lost Emails
U.S. District Court Judge Reggie Walton called upon the IRS to defend itself in court on July 11th. According to the Washington Examiner, IRS lawyers will be asked to explain "why the IRS shouldn't be required to let an outside expert evaluate whether emails on the computer hard drives of former IRS official Lois Lerner and six colleagues really are lost forever." The motion filed seeks an outside computer forensics expert to determine the ability to salvage or not the data apparently lost to...
Happy Birthday to Bastiat
One of my favorite economists, thinkers, writers...Frederic Bastiat should be read by all. Get started by reading "The Law". It was originally published as a pamphlet in 1850. The Foundation for Economic Freedom (FEE), has many works available for free on its website. Here's a link to "The Law", where Bastiat gave his famous definition of "legal plunder". So, happy birthday to Bastiat -- and get started reading some fantastic writing about a free society.
Churchill on Taxes
Revised GDP Shows – 2.9% Contraction, Worst in At Least Five Years
We first heard that the GDP contraction of 1% was an anomaly. Now, the Commerce Department has revised its report from the Bureau of Economic Analysis, stating the the GDP fell -2.9% in the first quarter. Here's the summary: "Real GDP declined 2.9 percent in the first quarter, after increasing 2.6 percent in the fourth. This downturn in the percent change in real GDP primarily reflected a downturn in exports, a larger decrease in private inventory investment, a deceleration in PCE, and...
Hillary on Tax Cuts
In 2004
Chuck Todd Should Resign
You can't have anyone that stupid be in charge at NBC. Chuck Todd, who is NBC's "Chief White House Correspondent" and also NBC's "Political Director", is out there mischaracterizing the IRS scandal. To blame it on 501c4s is utterly incomprehensible. Yesterday on MSNBC's "The Daily Rundown", Chuck Todd gave this statement: CHUCK TODD: Time now for my “Takeaway.” The controversy surrounding IRS may be more than a year old but of course we're still talking about it. On Monday, the IRS...
IRS Claims No Laws Broken; Can’t Name Any Statues or Laws
During testimony on June 23rd, the IRS Commissioner could not name a law or statue that he has reviewed to make certain no law has been broken. Rep. Trey Gowdy did the superb questioning. From the Weekly Standard: "You have already said, multiple times today, that there was no evidence that you found of any criminal wrongdoing," Gowdy said. "I want you to tell me: What criminal statutes you have evaluated?" "I have not looked at any," the IRS commissioner admitted. "Well then how can you...
IRS Supposedly Had Contract With Email Back-Up Service
Even though the IRS claims it lost all of Lerner's emails due to a hard drive crash, as least some of those appear at some point to have been archived (the ones from 2009): As reported, "House congressional investigators have requested emails from 2009 to 2011, when the IRS division led by Lerner began targeting for extra scrutiny Tea Party and other conservative nonprofits applying for tax-exempt status. The IRS had a contract with email-achiever Sonasoft in effect at least through 2009,...
The White House Knew About Lerner’s Emails 6 Weeks Before Congress, American People
In sworn testimony this morning (Friday, June 20th) IRS Commissioner John Koskinen stated that Obama was told about Lerner's emails in April. This would be 6 weeks before Congress was told. "The IRS knew in February, or maybe even in March, and Treasury and the White House knew at least in April -- but Congress and the American people didn't find out until June." Congress received a letter from the White House on Wednesday informing them they knew about the emails in April, having been...
Harry Reid Claims There Are No Democrat Billionaires
Yesterday the Senate Majority Leader, Harry Reid, painted a picture of class warfare, claiming his side does not have any billionaires. "The decisions by the Supreme Court have left the American people with the status quo in which one side's billionaires are pitted against the other side's billionaires," he said this morning on the Senate floor. "Except one side doesn't have any billionaires." Here's the video: Seems Harry Reid conveniently forgets: George Soros Tom Steyer Ann Cox Chambers...
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