They call me "America's Accountant", with more than 40 Years of experience A libertarian and fiscal conservative from New York. Read my take on taxes, politics, and financial news of the day here on RS and at my website, , "The Brass Tax of Politics"


    Speech Police: “Dear Politicians, Stop Calling People ‘Taxpayers’”

    The New Republic recently went through an internal overhaul in order to stay relevant, and the recent drivel that was written shows that it wasn’t for the better. Last week, there was an article written called, “”Dear Politicians, Stop Calling People ‘Taxpayers’”, in which the author proposes to eliminate the word “taxpayer” from everyday lexicon because it favors those who pay taxes. You can’t make | Read More »

    Clinton Wrote More Personal Emails Than Official Ones, Averaging 31 a Day

    According to the LA Times, Hillary Clinton has revealed that aides “deleted more than 30,000 emails that she deemed personal.” In fact, Clinton herself breaks down the email numbers: there were 62,320 total messages. 30,490 of these were provided to the State Department, and 31,830 were private records that were destroyed. That’s right, she wrote more personal emails than professional ones during her tenure as | Read More »

    SCOTUS Should Not Apply “Deference” In the Obamacare Case

    During oral arguments of the Burwell Obamacare case before the Supreme Court on Wednesday, a possible resolution seemed to rear its ugly head when Chief Justice Roberts questioned U.S. Solicitor General Donald Verrilli over the contested ambiguity of the application of Obamacare subsidies. Verrilli made the case that the “court should defer to the interpretation of the Internal Revenue Service, which said the tax credits | Read More »

    The Prosecutorial Abuses of Schneiderman and Lynch

    The Wall Street Journal had an excellent article a couple weeks ago calling out the egregious prosecutorial misconduct of New York Attorney General Eric Schneiderman. In this farce of a case, Schneiderman is hell bent on going after Hank Greenberg (formerly with AIG) in an attempt to discredit his name in a state civil lawsuit. The manner in which Schneiderman is conducting himself is a | Read More »

    Obamacare Budget Recently Changed How Its Funds Cost Sharing Programs

    Yesterday it was reported that the Treasury Department paid $3 billion to cover Obamacare cost-sharing subsidies without Congressional approval. The heart of the dispute appears to be whether or not these subsidies were supposed to be funded via yearly appropriations or not. The House Ways and Means Chair, , argues the former. Health and Human Services, via the Department of Justice, argues the latter. In | Read More »

    Mini Obamacare Bailout? Treasury Covers Some Obamacare Costs Without Congressional Approval

    A few weeks ago, I wrote about how Obama’s budget contained a $22 billion student loan bailout to cover a massive shortage of funds for the Department of Education Federal Student Loan program. Because the program is categorized as a “credit program”, due to a “quirk in the budget process for credit programs, the department can add the $21.8 billion to the deficit automatically, without | Read More »

    An Open Letter to Senatorial Democrats

    The nomination of Loretta Lynch to the position of Attorney General is before you. Although her intelligence, experience, and poise may appear to make her a superb candidate, it is clear now that she would be an extremely poor – even dangerous — choice due to her strong position on civil asset forfeiture. Though I as a libertarian and you as a liberal may disagree | Read More »

    How Loretta Lynch Loves Civil Asset Forfeiture

    Though the confirmation process for the next Attorney General has been delayed for the next two weeks amid lack of Republican support for nominee Loretta Lynch, it is particularly troubling that the media coverage has failed to discuss Lynch’s position on civil asset forfeiture during this time. Civil asset forfeiture is a particularly egregious abuse of power, allowing the government to seize property and cash | Read More »

    Obama’s Education Loan Bailout and the Student Debt Bomb

    Thanks to a post by streiff a few days ago, a surprise in Obama’s budget got my attention. Last week, Politico revealed a little gem hidden in the Obama budget: “In obscure data tables buried deep in its 2016 budget proposal, the Obama administration revealed this week that its student loan program had a $21.8 billion shortfall last year, apparently the largest ever recorded for | Read More »

    How Obama’s Budget Plays With Numbers to Claim Higher Deficit Reduction

    Obama’s budget for FY2016 claimed $1.8 trillion in deficit savings over a ten year period, 2016-2025. He used PAYGO (pay-as-you-go) rules to determine this figure, which basically means paring tax increases and spending reductions on one side to pay for new spending programs and tax credits on the other side, with anything left over going to the deficit. However, his numbers for overall deficit reduction | Read More »

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