TAX POLITIX
The Politics of Taxes
Tom Steyer: Philanthropy or Hypocrisy?
Oh, the hypocrisy! In February, it was announced that retired hedge-fund billionaire Tom Steyer, has committed $100 million of his own money to “to make climate change a priority issue in this year's midterm elections.” How can this possibly be? First, Steyer made his millions as a hedge-fund operator -- which is typically and universally denounced as a greedy profession. But if he spends his greedy millions on items considered tolerable and suitable to the political Left, it’s becomes okay....
Failing to Lead on Foreign Policy
Most Americans would score Obama poorly on foreign policy issues. It’s a conundrum, really, because most of the things he has done, people seem to have supported him - from pulling troops out of Afghanistan, to not going to war in Syria. And yet, people think he has done very badly with his decisions. While at first glance it may seem inconsistent, it is not actually inconsistent at all. People don’t necessarily want their opinions of foreign policy matters carried out; instead, what they want...
A Bigger Lie Than Even “You Can Keep Your Doctor”: The Gender Pay Gap Myth
Can you believe it — a bigger lie than “you can keep your doctor”? President Obama’s comments regarding the gender pay gap and discrimination are as vicious a lie as his statements that you can keep your doctor. The idea that women earn $.77 for every $1.00 that men earn, for equal work, has never been true, never in the slightest. That $.77 comparison is not for equal work. It strictly represents the reality that women, more often than men, work at jobs that are lower paying. The reason for...
Bernie Sanders, Economic Imbecile
Bernie Sanders recently chose to test the waters of a possible Presidential campaign by weighing in on the deliberations regarding the Post Office. Thankfully, we have this Op-Ed so early on, because it reveals Sanders’ complete and utter inability to comprehend basic economics and accounting. Bernie argues two main points: 1) the Post Office is not broke and 2) those who believe it is are “anti-government”, “wealthy special interest”, profit-seeking, or all of the above. These points rest...
New York State and Medical Billing Issues
Would any consumer-driven industry be able to get away with this? "Surprise medical bills occur when a consumer does everything possible to use hospitals and doctors that are in the consumer’s insurance plan, but nonetheless receives a bill from a specialist or other medical provider by whom the consumer did not know he or she would be treated, and who was outside his or her plan’s network of providers. Worse, a relatively small but significant number of out-of-network specialists appear to...
Yellin’ About Yellen’s Interest Rates
Janet Yellen, the new Fed Chairman, recently spoke about her decision to continue low interest rates, calling the policy “beneficial.” As the WSJ noted, Yellen described how she seeks to assure the markets: "By keeping interest rates low, we are trying to make homes more affordable and revive the housing market," she said. "We are trying to make it cheaper for businesses to build, expand and hire. We are trying to lower the costs of buying a car that can carry a worker to a new job and kids to...
Quickly Noted: Another Bombshell — Collusion Between the IRS and the DoJ
From Katie Pavlich at Townhall.com "According to new IRS emails obtained through a Freedom of Information Act request from Judicial Watch, former head of tax exempt groups at the IRS Lois Lerner was in contact with the Department of Justice in May 2013 about whether tax exempt groups could be criminally prosecuted for "lying" about political activity. JW IRS doc Read the full story here
Quickly Noted: Emails Show Relationship Between IRS and House Oversight Committee
From PJMedia "Emails released today by the House Government Oversight and Reform Committee show that Rep. Elijah Cummings (D-MD) has some explaining to do. The emails show that Cummings and the IRS were asking for nearly identical information from election integrity watchdog True the Vote. Further, the emails show communication as Lerner was feeding information to Cummings and his staff. The communication occurred in 2012, before the public was ever aware of the ongoing and widespread IRS...
How Many Taxes Hikes Has Obama Proposed So Far? How ‘Bout 442?
Americans for Tax Reform (ATR) has done an analysis of taxes that Obama has proposed since taking office, by looking the Obama administration budgets for FY2010 - FY2015. "The 442 total proposed tax increases does not include the 20 tax increases Obama signed into law as part of Obamacare. Here's a breakdown of potential taxes by by budget year: "-79 tax increases for FY 2010 -52 tax increases for FY 2011 -47 tax increases for FY 2012 -34 tax increases for FY 2013 -137 tax increases for FY...
Obama Pays Tax Rate of 20%, Contributes Less to Charity
With a few days left before taxes are due, President Obama released some information regarding his 2013 taxes. Obama makes $400,000 in income as President, and he reported a total an adjusted gross income of $481,098. Income from book sales appears to be in steep decline from previous years. "Obama received $31,139 from Random House and $85,041 from Dystel & Goderich Literary Management, for a total of $116,180 in book sales. That combined total compares with $273,739 in similar payments he...
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