TAX POLITIX
The Politics of Taxes
Sen. Obama in 2007: “No More National Security Letters to Spy on Citizens Who Are Not Suspected of a Crime”
Senator Barack Obama at Woodrow Wilson Center on Terrorism, 8/1/07: "This Administration puts forward a false choice between the liberties we cherish and the security we provide...I will provide our intelligence and law enforcement agencies with the tools they need to track and take out the terrorists without undermining our Constitution and our Freedom". "That means no more illegal wiretapping of American citizens, no more National Security letters to spy on American citizens who are not...
Debunking the Myth of Social Security Solvency: What the Trustees Report Actually Says and What it Means
Faithful devotees on the Left continue to peddle the notion that Social Security is not in crisis, that it doesn’t contribute to the deficit, and there is no need for reform. However, reading through this year’s just-released Social Security Trustees report, the annual “State of the SSA”, we find that the Trustees tell a different narrative -- one that is grim indeed. The following primer pulls directly from the report and then explains the statement in layman's terms. It is copied text from...
The “Not Me” Administration
Are Obamacare Pressures Unconstitutional?
As each day passes, the various facets of Obamacare are getting implemented in order to be fully operational by 2014. And we are beginning to hear about difficulties in the implementation caused primarily by either 1) people or companies trying to avoid the “penalties” or 2) people wanting to pay the penalties in order to avoid having to pay for intentionally overpriced health “insurance”. In order to achieve adequate and targeted enrollment in Obamacare those representing the Government have...
Obama’s Business Policies Push Jobs Overseas
There is an erroneous sentiment perpetuated by the media that our government gives corporate tax breaks for moving jobs overseas, implying that our tax laws favor countries like China and India over the United States. This is simply untrue. Expenses that companies and businesses incur while doing business are rightly deductible (“a tax break”) but no specific tax benefits exist in our tax code for companies who relocate outside of our country. What you don't hear in the media, however, is that...
Governor Cuomo and his “Double Taxation” Disaster
Governor Cuomo is on the list of presidential potentials for 2016. His positions on state and federal taxes need to be elucidated in case he becomes a major candidate in the next couple of years. For instance, Governor Cuomo lashed out against the recent federal proposal to eliminate the Federal tax deductions for state and local taxes. He calls this “double taxation” because it forces individuals to pay two separate taxes – federal and NY State – on the same income- without giving any relief...
With IRS Scandal, Should We Delay Implementation of Obamacare?
Back in 2009, Obama gave a speech at Arizona State University and joked about using the IRS to audit unsavory people. In a jolting forecast nearly four years ago, Glenn Reynolds wrote a response in the WSJ, saying, “Should the IRS come to be seen as just a bunch of enforcers for whoever is in political power, the result would be an enormous loss of legitimacy for the tax system”. As the IRS problems continue to unfold, it’s pretty clear that confidence from all sides is low right now. With...
The Barack H Obama Foundation Received Tax Exempt Status in Just One Month in 2011. By Lois Lerner
A fresh Op-Ed this morning by IRS head Steven Miller reveals the lengths to which the IRS and the White House are going to spin the on-going scandal. “The agency was simply trying to manage the explosive growth in applications for 501(c)(4) status that started pouring in to the IRS in 2010. The Internal Revenue Service recognizes that we should have done a better job of handling the influx of applications by advocacy groups," Miller wrote. We saw the shoots of this line of thinking yesterday...
IRS Scandal Timeline (Pieced Together From Media Reports)
With all the reports coming in fast and furiously from different news agencies, here’s a pieced-together timeline of events. The information below is a timeline of events taken from numerous media outlets with their links provided. Early 2010: WSJ: The report [Inspector General’s report due out this week] indicates that in 2010 and 2011, some IRS workers weren't just singling out groups because their names contained certain words, as IRS officials suggested on Friday [May 12], but appeared to...
Cuomo’s Appalling Use of Taxpayer Funds
Knowing that Gov. Cuomo's is considered a possible contender for 2016, his use of taxpayer funds in this regard is appalling. My latest on Canada Free Press this morning: It is an outrage that Gov. Andrew Cuomo is spending up to $140 million of taxpayer money and funds received for disaster relief, to publicize the advantages of conducting business in New York. New York is indisputably one of the most unfriendly business states, with a Legislature that piles huge administrative burdens onto...
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