US Under Terrorist Attack From Within... Business’ given Green Light to terminate current employees and hire new ones to gain tax credits.... Beware of IRS’ 2010 “Dirty Dozen” Tax Scams... CBO Update... Obama threatens veto on intelligence activities bill that hold him accountable to congress.... More Reform, Same Corrupt Government - Dodd's Financial Regulation... House Dems may try to pass Senate health-care bill without voting on it... Nancy Pelosi's strategy for passing health-care reform... Curbing earmarks: Even with new restrictions, for-profits get paid. Dems mislead to save thier jobs.... Early races for Congress may give forecast for November...
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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 'Taxes'

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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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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Key vacancies give Obama a chance to steer financial reform

March 8th, 2010 · Congress, Corruption, Deception, Democrats, Ethics, Federal Spending, Fraud Alert, Government Control, Greed, Money Lost, Non-Transparency, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within, Treason

By Binyamin Appelbaum Washington Post Staff Writer
Monday, March 8, 2010

President Obama has the chance during his first term to appoint leaders for each of the federal agencies that oversee banks, an important opportunity to reshape the government’s approach to regulation even as the White House struggles to push structural reforms through the Senate.

In his first such decision, Obama chose to keep Ben S. Bernanke as chairman of the Federal Reserve, in part because administration officials concluded that Bernanke had demonstrated a commitment to increasing the Fed’s focus on regulation and consumer protection. The administration also appointed a second Fed governor, Daniel K. Tarullo, to lead an overhaul of the central bank’s approach to regulation.

A second opportunity comes in August, when John C. Dugan reaches the end of his term as comptroller of the currency, the chief regulator for most of the nation’s largest banks.

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Ethics clouds over Rangel and Paterson are the talk of political Harlem

March 8th, 2010 · Accountability, Congress, Corruption, Deception, Democrats, Ethics, Government Control, Greed, States, Tax Dollars, Taxes

By Wil Haygood Washington Post staff writer
Monday, March 8, 2010

NEW YORK — Few will deny that the political landscape here in Harlem has yielded rich and galvanizing story lines. The arcs of those narratives have been taught and shared in classrooms across America.

Adam Clayton Powell Jr. and Charles B. Rangel became chairmen of powerful congressional committees. David N. Dinkins became the first black mayor of New York City, and David A. Paterson became the state’s first black governor. Percy Sutton and Basil Paterson, David’s father, became genuine power brokers, rolling between downtown and uptown with a sophisticated ease. The accomplishments gave Harlem a swagger and also a sweet pride.

Then came last week.

In what seemed like a double-barreled whammy of political shock and setback, Rangel stepped down as chairman of the Ways and Means Committee because of an ongoing ethics investigation and Paterson’s reign took on a tick-tock, tick-tock echo as many — supporters and foes alike — called for his resignation because of allegations that he interceded on behalf of a staffer in a domestic abuse case and accepted free tickets to a baseball game.

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Thin wall separates lobbyist contributions and earmarks

March 8th, 2010 · Accountability, Congress, Corruption, Deception, Ethics, Greed, Money Lost, Politics, Selling Out the US, Tax Dollars, Taxes

By R. Jeffrey Smith Washington Post Staff Writer
Sunday, March 7, 2010

House Appropriations defense subcommittee member James P. Moran Jr. (D-Va.) works hard at fundraising: Two to three times a week, he telephones contributors to ask for more. Yet, according to the account he supplied to the Office of Congressional Ethics last year, he is unaware of “who made donations” or how much they gave, and so that information plays no role in his earmarking — the systematic granting of public funds for mostly private purposes.

Fellow subcommittee member Norm Dicks (D-Wash.) similarly presides over fundraisers arranged by his staff for defense firms and lobbyists every three months or so, according to his office’s account. An aide in charge of Dicks’s earmarks attends the fundraising events. But Dicks and the aide told investigators they were unaware of the substantial overlap between defense industry contributions to Dicks and his earmarks to contributors.

The House ethics committee on Feb. 26 exonerated Dicks, Moran and five other defense subcommittee members of allegations that they had abused their offices by, in essence, selling earmarks to donors. In so doing, it drew heavily on promises such as these by lawmakers and staff members that their campaign fundraising operations had been carefully walled off from their earmarking decisions. Otherwise, their actions would violate laws and rules that bar any link between such donations and legislative acts.

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Congressman Steve Kagen (D-WI) under fire from the media.

March 6th, 2010 · Deception, Federal Spending, Greed, Tax Dollars, Taxes, Unemployment

 The media is beginning to pay attention to Kagen’s record.  

Listen to a clip from Charlie Sykes Radio Show.

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In e-mails, lobbyists perceive ties between campaign cash, earmarks

March 6th, 2010 · Accountability, Congress, Corruption, Deception, Ethics, Federal Spending, Greed, Money Lost, Obama's Scheme, Politics, Selling Out the US, Stimulus, Tax Dollars, Taxes, Treason

By Carol D. Leonnig Washington Post Staff Writer
Saturday, March 6, 2010

Lobbyists and corporate officials talked bluntly in e-mail exchanges about connections between making generous campaign donations and securing federal funds through members of an important House Appropriations subcommittee, according to not-yet-public documents reviewed by ethics investigators.

In summer 2007, for example, senior executives at a small McLean defense firm tried to figure out which of them would buy a ticket to a wine-tasting fundraiser for Rep. James P. Moran Jr. (D-Va.), a member of the Appropriations subcommittee on defense. At the time, the company sought help from Moran’s office in securing contracts through special earmarks added to the defense bill.

In an e-mail exchange, one senior officer said he didn’t understand why he had to attend the fundraiser when he didn’t even drink wine.

“You don’t have to drink,” Innovative Concepts’ chief technology officer, Andrew Feldstein, shot back in an e-mail. “You just have to pay.”

“LOL,” responded the other officer.

The fundraiser was hosted by the PMA Group, a powerful lobbying firm whose unusual success in obtaining “earmarked” contracts from members of the military subcommittee was a key focus of a recent House ethics investigation.

Moran raked in $91,900 in campaign checks to his personal campaign and leadership PAC that day. He secured an $800,000 earmark for Innovative Concepts in the 2008 defense appropriations bill.

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Obama & Democratic Leaders – Pass Bill Now, Fix Later. Abortion is Small Price to Pay.

March 6th, 2010 · Congress, Corruption, Deception, Democrats, Ethics, Federal Spending, Greed, Healthcare Industry, Immigration, Insurance Industry, Non-Transparency, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within

Democratic leaders working to win over abortion opponents for health-care reform

By Alec MacGillis Washington Post Staff Writer
Friday, March 5, 2010

As President Obama makes his final plea for a health-care overhaul, Democratic leaders in Congress are embarking on a delicate strategy to win over abortion opponents, a gambit that could determine whether the legislation becomes law.

The effort depends on convincing as many as a dozen antiabortion Democrats in the House that abortion language in the Senate bill is more stringent than initially portrayed. But Democratic leaders must be careful that they don’t drive away abortion rights supporters who are increasingly concerned that the measure would prove severely restrictive.

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