Democrat Math - Reduce Deficit $138 Billion over 10 Year for ONLY $940 Billion.... Budget 2010 Reconciliation Act, Health Care Bill, Student Aid Act (111 HR 4872)... Man arrested in mall assault case... CBO Update... Lawmakers assail Obama Appointed Regulators over failure to catch accounting maneuver at Lehman... A tax lien from the IRS does not happen overnight.... Bill targets tax-delinquent federal workers... Crooked Democrats receive financial return on their Earmarks... US Under Terrorist Attack From Within... Business’ given Green Light to terminate current employees and hire new ones to gain tax credits....
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When the people fear the government, there is tyranny; When the government fears the people, there is liberty.  ~ Thomas Jefferson

 

Entries Tagged as 'Tax Dollars'

Democrat Math – Reduce Deficit $138 Billion over 10 Year for ONLY $940 Billion.

March 18th, 2010 · Accountability, Corruption, Deception, Democrats, Ethics, Federal Spending, Greed, Healthcare Industry, Insurance Industry, Money Lost, Non-Transparency, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within, Terrorist Attack, Treason

“The cost of expanding coverage would exceed $200 billion a year by 2019, the CBO said. But new revenue in the package, combined with savings from program cuts, would outpace the cost of coverage, reducing the federal deficit by $138 billion over the next 10 years.”

  • This measure would make insurance available to an estimated 95 percent of non-elderly citizens by dramatically expanding Medicaid.
  •  The program would be paid for by slicing nearly $500 billion from Medicare and other federal health programs.

 

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Lawmakers assail Obama Appointed Regulators over failure to catch accounting maneuver at Lehman

March 18th, 2010 · Accountability, Banking Industry, Congress, Deception, Federal Spending, Government Control, Greed, Money Lost, Non-Transparency, Obama Nominees, Tax Dollars, Taxes

By Neil Irwin and Zachary A. Goldfarb Washington Post Staff Writer
Thursday, March 18, 2010

A week after the disclosure that Lehman Brothers used an unconventional accounting technique to make its balance sheet look stronger than it was in the months before its collapse, lawmakers Wednesday attacked the federal regulators who failed to detect and halt the practice.

The head of the Securities and Exchange Commission accepted primary responsibility on behalf of her agency for shortcomings in its oversight of Lehman at a congressional hearing. And at a separate hearing, Federal Reserve Chairman Ben S. Bernanke faced tough questions on why Fed examiners monitoring Lehman in spring 2008 failed to catch the accounting tactics, which helped the bank hide $50 billion in liabilities from its quarterly reports.

The scrutiny from lawmakers comes as both agencies try to fend off attacks in the debate over how to remake the nation’s system of financial regulation and shows how the Fed’s extraordinary efforts to shore up the economy have exposed it to wider criticism of its performance.

The SEC oversaw Lehman Brothers and other investment banks under a voluntary regulatory program that the agency’s chairman, Mary Schapiro, said was “terribly flawed in design and execution.” Testifying before the House Appropriations Committee, she blamed the agency’s failure on “our enforcement and disclosure mentality,” which focused more on whether a firm was adhering to securities law than whether it was financially sound. She said the agency lacked the staff and skills to do the job.

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A tax lien from the IRS does not happen overnight.

March 18th, 2010 · Accountability, Corruption, Deception, Government, Selling Out the US, Tax Dollars, Taxes

I just want to clarify that a tax lien from the IRS does not happen overnight.  The IRS gives numerous notices and ample opportunity to resolve any issues surrounding delinquent taxes. 

Only after a lengthy and exhausting attempt to resolve the issue will a tax lien be issued.

With this in mind, “Yes”, a federal employee (including Presidential Nominees and elected officials) should be held to a higher standard.  In the private sector, this would be the same as embezzlement.  If a Government Employee or Official don’t pay taxes, then why should anyone else?

 If a Government Employee or Official can’t follow the Law then they certainly should not be allowed to benefit from it.  Terminate them!!

If a Cop murders someone or robs a bank, do they not lose thier job?

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Bill targets tax-delinquent federal workers

March 18th, 2010 · Accountability, Government, Tax Dollars, Taxes

By Joe Davidson – Thursday, March 18, 2010

A congressional panel heard testimony Wednesday on legislation that would allow federal employees to be fired if they don’t pay their taxes. As you might expect, much of the talk was about tax policy and the merits and practical implications of the bill.

But enveloping the grand Rayburn House Office Building hearing room, where large portraits of congressional committee chairmen looked down on the proceedings, was an unfriendly atmosphere that contrasted with the sometimes-forced comity among the elected officials. That mood is being fueled, Rep. Gerald E. Connolly (D-Va.) noted in a prepared statement, by “ongoing rhetoric that demonizes civil service and civil servants.”

The environment for federal workers seems to have become increasingly unkind, and the legislation only adds to that perception. The bill, introduced by Rep. Jason Chaffetz (R-Utah), would require the government to fire staffers if the Internal Revenue Service places a tax lien on them. A lien also would kill a job applicant’s chance of being hired.

The measure probably won’t get far, with the majority Democrats on the House Oversight and Government Reform panel apparently opposed to the measure. But it does contribute to the increased skepticism federal workers face, along with recent newspaper articles that question their salaries and Rep. Joe L. Barton’s (R-Tex.) attempt to get the names of those in certain agencies who are paid more than $100,000 annually.

Certainly, everyone agrees all taxpayers should pay what they owe. And the average citizen might understandably be angry with federal workers who are paid with tax dollars but who willfully don’t pay their fair share in return.

The legislation, however, would treat federal workers more harshly than other taxpayers (or tax dodgers), even though federal ethics regulations already allow the employees to be disciplined if they become scofflaws.

“Despite their dedication to advancing the nation’s interests, federal employees continue to serve as a punching bag for the press,” Richard J. Oppedisano, national secretary of the Federal Managers Association, said at the hearing. “And with the economic downturn, this mentality has crept its way onto Capitol Hill.”

With members of his organization sitting in the audience, Oppedisano lamented the “fed-bashing fire,” which he said seems to be spreading. “It is our belief that federal employees should be held to the same standards as the rest of the American population, receiving no special treatment while also avoiding the bull’s-eye that so often falls on their backs.”

The problem with the Chaffetz bill, said Rep. Stephen F. Lynch (D-Mass.), who chaired the hearing of the subcommittee on the federal, Postal Service and the District of Columbia, is that a lien amounts to an accusation, not a conviction. Yet the punishment would be imposed.

“Of course, it may be argued that the federal employee may challenge the validity and amount of the lien from her place in the unemployment line after her termination, if she has sufficient resources to do so,” he said. “However, the unemployed federal worker is put at a marked disadvantage and has far less opportunity to challenge the IRS decision than is afforded to individual taxpayers generally.”

Chaffetz said he was not out to punish those who were working with the IRS to resolve their tax problems. “If someone does the right thing, I will bend over backwards to help them,” he said. “It’s the people who are cheating the system who I want to fire.”

One out of the five witnesses agreed with him. Christopher S. Rizek, a Washington tax lawyer who has worked with the Chaffetz campaign, probably spoke for many when he said, “It is doubly insulting to millions of hardworking and compliant taxpayers when federal employees cheat. . . . They are ‘double-dipping’ in the worst sort of way.”

But Connolly said that the bill presumes federal workers guilty until proven innocent and that the IRS already garnishes the wages of federal workers who owe taxes. Firing them would only make it harder for Uncle Sam to collect on the debt.

The legislation has the “sole benefit,” he said, “of scoring political points at federal employees’ expense.”

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Crooked Democrats receive financial return on their Earmarks

March 18th, 2010 · Congress, Corruption, Deception, Democrats, Ethics, Federal Spending, Fraud Alert, Greed, Money Lost, Non-Transparency, Selling Out the US, Tax Dollars, Terrorism from Within

Democrats retain advantage among big donors even as total fundraising edge slips

By DAN EGGENWashington Post Staff Writer
Thursday, March 18, 2010

Democrats are having a number of serious problems on the fundraising front, from unhappiness among Wall Street financiers to a narrowing gap with Republicans since the 2008 elections.

But Democrats can still cling to one thing: They remain the kings of collecting money from big donors.

A little-noticed Federal Election Commission report released this month — and spotted by Washington Post congressional guru Paul Kane — shows that the three main Democratic committees raised more than twice as much from large donors as their Republican counterparts last year.

The numbers add context to a debate in fundraising circles over whether wealthy donors might be giving less to the Democratic Party because of disputes over White House policies. A number of organizations, including The Post, have chronicled how Wall Street financiers and other patrons who backed Barack Obama in 2008 are either abandoning Democrats or, at the very least, giving less money than in the past.

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Business’ given Green Light to terminate current employees and hire new ones to gain tax credits.

March 17th, 2010 · Accountability, Congress, Corruption, Deception, Democrats, Ethics, Federal Spending, Government Control, Greed, Non-Transparency, Obama's Scheme, Selling Out the US, Social Security, Tax Dollars, Taxes, Terrorism from Within, Treason, Unemployment

Senate clears jobs bill for Obama’s desk

Updated 11:29 a.m.  By Ben Pershing

The Senate cleared an $18 billion jobs bill for President Obama’s signature Wednesday, a down payment on what Democrats hope will be a significant election-year investment in boosting the economy.

The measure passed 68-29, with 11 Republicans joining all but one Democrat present — Sen. Ben Nelson (Neb.) — in support. The bill had already passed the Senate once but the House tweaked it, requiring the second Senate vote before it could go to the White House. President Obama has praised the legislation in the past and plans to sign it.

Though relatively small compared to last year’s economic stimulus package, the measure represents the first clear legislative shot in months aimed squarely at persistent unemployment, and a rare bipartistan achievement from a Congress plagued by partisan squabbling. After getting bogged down in the health-care debate, Democrats are eager to pivot to the economy, which polls regularly identify as Americans’ most pressing concern.

“The beauty of this bill: It’s simple, it’s focused on private-sector job growth and it’s paid-for,” said Sen. Charles Schumer (D-N.Y.), a co-author of the measure. “It’s modest, but … it’s almost a legislative dream.”

The centerpiece of the bill is a new program giving companies a break from paying Social Security taxes for the remainder of 2010 on any new workers they hire who had been unemployed for at least 60 days. Employers would also get a $1,000 tax credit for each of those workers who stays on the payroll for at least one year.

Aside from that program, the measure includes a one-year extension of the law governing federal transportation funding, and would transfer $20 billion into the highway trust fund. The bill also extends a tax break allowing companies to write off equipment purchases, and expands the Build America Bonds program, which helps state and local governments secure financing for infrastructure projects.

Some critics have questioned whether the package approved Wednesday is big enough to make a dent in the nation’s persistent unemployment problem, arguing that the new payroll tax break is unlikely to spur much new hiring that wouldn’t have otherwise occurred.

Separately, many Republicans suggest the bill uses accounting sleight of hand to make the measure appear budget-neutral.

This isn’t so much a jobs bill as it is a debt bill,” complained Sen. Judd Gregg (R-N.H.).

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Curbing earmarks: Even with new restrictions, for-profits get paid. Dems mislead to save thier jobs.

March 15th, 2010 · Congress, Corruption, Deception, Democrats, Ethics, Federal Spending, Greed, Money Lost, Non-Transparency, Tax Dollars, Terrorism from Within, Wisconsin

By R. Jeffrey Smith Washington Post Staff Writer
Monday, March 15, 2010

Twice in recent years, House Appropriations Committee Chairman David R. Obey (D-Wis.) helped obtain earmarks totaling $3.2 million for a home-state university to study how to make military jet fuel from plants. Standing behind that nonprofit work, however, is a for-profit Chicago firm that often partners with universities to reap part of their earmark benefits.

Similar collaborations between private companies and nonprofits will pose tricky questions under a policy intended to end earmarks to profit-making firms, which Obey helped shepherd through the House Democratic caucus last week. That new rule was widely touted as a crackdown, but in reality it could leave untouched almost 90 percent of typical earmarks.

The reason is that, like Obey’s earmarks, most of the billions of dollars in earmarks approved by Congress each year involve handing out funds to state or local agencies or to nonprofit institutions, which then dole out part of the money to private contractors.

As a result, the new Democratic rule, and a proposal by House Republicans to stop all earmarks for one year, are unlikely to significantly curb Washington’s booming earmark industry, experts said. Steve Ellis of Taxpayers for Common Sense, a nonprofit that has criticized earmarking, called the new limits important but compared them to “squeezing a balloon.” Without more comprehensive restraints, he said, the money flow could simply move to new pathways.

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Democrats plan to hold Student Aid bill Hostage to pass Health Care Reform

March 13th, 2010 · Congress, Corruption, Deception, Democrats, Ethics, Government Control, Greed, Healthcare Industry, Insurance Industry, Non-Transparency, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within

Democrats move toward grouping health reform with student-aid bill

By Shailagh Murray and Lori Montgomery Washington Post Staff Writer
Friday, March 12, 2010

Democratic leaders said Thursday that they were increasingly inclined to release a final health-care bill that could accomplish two of President Obama’s top domestic priorities: guaranteeing coverage to 30 million uninsured Americans and vastly expanding federal aid for college students.

Both proposals, stuck in Congress for nearly a year, are gaining new momentum as Democrats contemplate facing voters in November without having delivered on any of Obama’s major policy objectives.

Key Senate Democrats initially balked at combining the health-reform bill with a measure that overhauls the nation’s student-loan program, but on Thursday they had warmed to the idea.

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Employers plan to shift more health-care costs to workers, survey reports

March 13th, 2010 · Deception, Democrats, Federal Spending, Government, Healthcare Industry, Insurance Industry, Non-Transparency, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes

By David S. Hilzenrath – Friday, March 12, 2010

Most big employers plan to shift a larger share of health-care costs to their workers next year, according to a survey released Thursday.

Many say they may charge more to cover spouses, tighten eligibility standards for their health plans and dispense financial rewards or penalties based on the results of certain lab tests. At some companies, overweight employees could be excluded from the most desirable plans.

Meanwhile, employees at many companies can expect significantly higher premiums, deductibles and co-payments, according to the annual survey by the National Business Group on Health, a coalition of big employers, and Towers Watson, a consulting firm that advises companies on employee benefits.

“This shows that the constant, unrelenting increases in health-care costs are going to cost employees and their families more and more,” said Helen Darling, president of the business group. Faced with rapidly rising medical expenses, “employers are going to have to do something,” she said.

People who work for large corporations have some of the most stable and comprehensive medical coverage in the nation. They are insulated from insurance industry practices at the heart of the Washington health-care debate, such as having their policies rescinded after getting sick or being denied coverage based on preexisting conditions. However, the new survey is a reminder that even people who are satisfied with their insurance plans cannot count on a continuation of the status quo.

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From Greece, an economic cautionary tale for the U.S.

March 9th, 2010 · Corruption, Deception, Democrats, Ethics, Federal Spending, Foreign Policy, Government, Money Lost, Non-Transparency, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within, Treason

By Dana Milbank Washington Post Staff Writer
Tuesday, March 9, 2010

Look into the face of George Papandreou, America, and see your future.

The Greek prime minister is in town this week as part of a world tour seeking help for his beleaguered homeland. Greece is broke, its government on the verge of default. As Papandreou landed in Washington, there were strikes in the streets of Athens over his tax increases, his wage cuts for government workers and his scaling back of retirement benefits.

As he and Secretary of State Hillary Clinton faced the cameras Monday, she spoke of the weekend’s election in Iraq. “Greece is the birthplace of democracy, so anytime there’s a democratic election anywhere in the world, Greece should get a royalty, Prime Minister,” Clinton said.

“Would help our deficit, too,” Papandreou joked.

“Yeah,” Clinton agreed. “It’s a new way of plugging the hole.”

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