They call me "America's Accountant", with more than 40 Years of experience As a libertarian/fiscal conservative in New York, I am appalled at what is happening to my country. Read my take on political and fiscal news of the day here on RS and at my website, , "The Brass Tax of Politics"


    Obama’s “Inversion” Crusade Is Really Just Another Attack On Businesses

    Obama has called “for an end to a corporate loophole that allows companies to avoid federal taxes by shifting their tax domiciles overseas in deals known as ‘inversions’.” Such as statement shows the utter ineptitude that Obama has for understanding a) what inversion actually is and b) how his policies are the cause. Inversion is not a “corporate loophole” and companies who do so are | Read More »

    Federal Subsidies For Obamacare Ruled Illegal — What Now?

    A federal appeals panel handed down a ruling this morning that could be problematic for Obamacare. As just reported, “A judicial panel in a 2-1 ruling said such subsidies can be granted only to those people who bought insurance in an Obamacare exchange run by an individual state or the District of Columbia — not on the federally run exchange” You can read the | Read More »


    Chuck Todd Should Resign

    You can’t have anyone that stupid be in charge at NBC. Chuck Todd, who is NBC’s “Chief White House Correspondent” and also NBC’s “Political Director”, is out there mischaracterizing the IRS scandal. To blame it on 501c4s is utterly incomprehensible. Yesterday on MSNBC’s “The Daily Rundown”, Chuck Todd gave this statement: CHUCK TODD: Time now for my “Takeaway.” The controversy surrounding IRS may be more | Read More »

    What the NYT and WaPo Missed About the VA System While They Were Praising It

    We now know that the state of affairs within the VA system was abhorrent for years — and that Obama, like his predecessor, knew there were problems. And yet, several well known left-leaning columnists spoke highly about the VA health system anyway, especially ramping up the rhetoric right at the time Obamacare began to take shape in Congress in 2009. Obama’s objectives regarding the VA | Read More »

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    Obama’s “Pay As You Earn” Program Includes the Government Paying Your Loan Interest For Up to Three Years

    Do you know who is on the hook for many student loans? You, the taxpayer. From CNS News: “Since President Barack Obama took office in January 2009, the cumulative outstanding balance on federal direct student loans has jumped 517.4 percent. The balance owed as of the end of May was $739,641,000,000.00. That is an increase of $619,838,000,000.00 from the balance that was owed as of | Read More »

    How the Wealthiest Paid Even Higher Taxes This Year With This One Weird Trick

    The Pease Amendment came into play for high income taxpayers this year once again, after a bit of a hiatus. The Pease Amendment was passed as part of the Omnibus Budget Reconciliation Act of 1990, and named after Congressman Donald Pease, who introduced it. This rule provided that if your adjusted gross income (AGI) passed a particular threshold, then some deductions would be reduced on | Read More »

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    Obama’s “(Don’t) Pay As You Earn” Program

    Recently, the WSJ had an article drawing attention to Obama’s changes made to the student loan system for higher education. The article, while it raised good points, did not go far enough to explain the detriment to our economy that his program is causing. President Obama is intentionally undermining people’s successes — and our nation’s success — by encouraging large amounts of graduates to go | Read More »

    Obama and the Problem of Tax Transition Rules

    The extensive, substantive, and expensive Obamacare changes being made now on a regular basis by President Obama certainly appear to be an unconstitutional, if for no other reason than law changes of that magnitude seem clearly to be Congress’s domain. But the administration argues that these are just minor tweaks needed to ease the implementation of a vast new law. Let’s look at reality. Government | Read More »

    A Defense of Wall Street

    What is Wall Street, anyway? I would be willing to bet that 90% of the protesters from Occupy Wall Street and of self-styled liberals have absolutely no idea what Wall Street is, what it does, and how important it is. If not for Wall Street, there wouldn’t be any Main Street, certainly not as we know it today. In order for any business to be | Read More »

    The TEA Party Turns Five Today

    Today marks the fifth anniversary of the Santinelli Rant on the floor of the Chicago Mercantile Exchange, which spawned the infamous Tea Party (Taxed Enough Already?). Even if you heard it then, it’s definitely worthwhile listening to once more: The first Tea Party protests subsequently followed on February 27th to protest the American Recovery and Reinvestment Act (ARRA) stimulus bill signed by President Barack Obama | Read More »

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