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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 from March 16th, 2010

Beware of IRS’ 2010 “Dirty Dozen” Tax Scams

March 16th, 2010 · Fraud Alert, IRS

Videos
Dirty Dozen: English
Message for Tax Preparers: English | ASL
Choosing a Tax Preparer: English | Spanish | ASL
For this and other videos: YouTube/IRSVideos

WASHINGTON — The Internal Revenue Service today issued its 2010 “dirty dozen” list of tax scams, including schemes involving return preparer fraud, hiding income offshore and phishing.

“Taxpayers should be wary of anyone peddling scams that seem too good to be true,” IRS Commissioner Doug Shulman said. “The IRS fights fraud by pursuing taxpayers who hide income abroad and by ensuring taxpayers get competent, ethical service from qualified professionals at home in the U.S.”

Tax schemes are illegal and can lead to imprisonment and fines for both scam artists and taxpayers. Taxpayers pulled into these schemes must repay unpaid taxes plus interest and penalties. The IRS pursues and shuts down promoters of these and numerous other scams.

The IRS urges taxpayers to avoid these common schemes:

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CBO Update

March 16th, 2010 · CBO Update

The following has been added to CBO’s Web site (www.cbo.gov):

  • H.R. 4592, Energy Jobs for Veterans Act
    Cost estimate for the bill as ordered reported by the House Committee on Veterans’ Affairs on March 10, 2010
    http://www.cbo.gov/doc.cfm?index=11346
  • H.R. 4667, Veterans’ Compensation Cost-of-Living Adjustment Act of 2010
    Cost estimate for the bill as ordered reported by the House Committee on Veterans’ Affairs on March 10, 2010
    http://www.cbo.gov/doc.cfm?index=11347
  • H.R. 1387, CBO Estimate of Pay-As-You-Go Effects for H.R. 1387, the Electronic Message Preservation Act, as provided by the House Committe on the Budget on March 13, 2010 (f:\VHLC\031210.172.xml, March 12, 2010)
    Cost estimate for the bill pAYGO
    http://www.cbo.gov/doc.cfm?index=11345
  • H.R. 946, CBO Estimate of Pay-As-You-Go Effects for H.R. 946, the Plain Writing Act of 2010, as provided by the House Committee on the Budget on March 12, 2010 (f:\VHLC\031210.139.xml, March 12, 2010, 5:02 p.m.)
    Cost estimate for the bill paygo
    http://www.cbo.gov/doc.cfm?index=11348
  • Budgetary Impact of the President’s Proposal to Alter Federal Student Loan Programs
    Letter to the Honorable Judd Gregg
    http://www.cbo.gov/doc.cfm?index=11343

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Obama threatens veto on intelligence activities bill that hold him accountable to congress.

March 16th, 2010 · Accountability, Congress, Deception, Ethics, Non-Transparency, Obama's Scheme, Selling Out the US, Terrorism from Within

By Walter Pincus Washington Post Staff Writer
Tuesday, March 16, 2010

The White House has renewed its threat to veto the fiscal 2010 intelligence authorization bill over a provision that would force the administration to widen the circle of lawmakers who are informed about covert operations and other sensitive activities.

When the bill passed the House on Feb. 25, the chairman of the House Permanent Select Committee on Intelligence, Rep. Silvestre Reyes (D-Tex.), hailed it for improving “congressional oversight by strengthening certain disclosure requirements of intelligence activities to the House and Senate intelligence committees.” Lawmakers had spent the previous six months working out provisions that the White House still opposes.

Under the House plan, which is similar to one passed by the Senate, the White House would have to inform all members of both intelligence committees of the “main features” of activities disclosed in detail to the Gang of Eight — the speaker and minority leader of the House, the majority and minority leaders of the Senate, and the chairmen and ranking minority members of the Senate and House intelligence committees.

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More Reform, Same Corrupt Government – Dodd’s Financial Regulation

March 16th, 2010 · Corruption, Deception, Democrats, Ethics, Federal Spending, Finance, Government Control, Non-Transparency, Selling Out the US, Senate, Terrorism from Within

Concessions on financial reform bill yield few gains in Senate

By Brady Dennis Washington Post Staff Writer
Tuesday, March 16, 2010

Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate banking committee, introduced a revised bill on Monday to overhaul financial regulation that included compromises forged with Republicans in recent months but fell short of winning endorsement from conservatives, including members in his own party.

Even though Dodd whittled the scope of his initial November bill to address concerns that the proposals could give government too heavy a hand in the financial markets, it remains unclear whether he can find the votes to shepherd the legislation through the Senate.

“Our regulatory structure, constructed in a piecemeal fashion over many decades, remains hopelessly inadequate,” Dodd said at a news conference. “There hasn’t been financial reform on the scale that I’m proposing this afternoon since the 1930s. . . . It is certainly time to act.”

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House Dems may try to pass Senate health-care bill without voting on it

March 16th, 2010 · Corruption, Deception, Democrats, Ethics, Government Control, Healthcare, House, Selling Out the US, Terrorism from Within

By Lori Montgomery and Paul Kane Washington Post Staff Writers
Tuesday, March 16, 2010

After laying the groundwork for a decisive vote this week on the Senate’s health-care bill, House Speaker Nancy Pelosi suggested Monday that she might attempt to pass the measure without having members vote on it.

Instead, Pelosi (D-Calif.) would rely on a procedural sleight of hand: The House would vote on a more popular package of fixes to the Senate bill; under the House rule for that vote, passage would signify that lawmakers “deem” the health-care bill to be passed.

The tactic — known as a “self-executing rule” or a “deem and pass” — has been commonly used, although never to pass legislation as momentous as the $875 billion health-care bill. It is one of three options that Pelosi said she is considering for a late-week House vote, but she added that she prefers it because it would politically protect lawmakers who are reluctant to publicly support the measure.

“It’s more insider and process-oriented than most people want to know,” the speaker said in a roundtable discussion with bloggers Monday. “But I like it,” she said, “because people don’t have to vote on the Senate bill.”

Republicans quickly condemned the strategy, framing it as an effort to avoid responsibility for passing the legislation, and some suggested that Pelosi’s plan would be unconstitutional.

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