New Obamacare Challenge Targets IRS
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Sam Kazman to discuss a new legal challenge to Obamacare, it’s targeting of expanded IRS powers and how onerous new regulations are infringing upon the rights of business owners.
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“Carried Interest” is Not the Problem Everyone Wants It To Be
John Steele Gordon’s recent Op-Ed in the WSJ opened with following observation: “The question of how to fairly and equitably tax capital gains has been a political problem since the modern personal-income tax was adopted in 1913”. Being a business/financial historian, he gives an adequate overview of the history of capital gains and how it has reached its present state. But because he is not | Read More »
Employers Monitoring Employees’ Weight & Habits – Just One of the Ways Obamacare Intrudes Into Your Privacy
Beginning in 2014, patients’ overall health, eating habits and body mass index (BMI) will be part of an electronic record, shared with various government bureaucracies, in addition to the Department of Health and Human Services (HHS). Doctors will be required to record your BMI, which measures whether or not you are overweight. This will be done every you receive any type of medical treatment. This | Read More »
, Affordable Care Act
, Health Care
Tech at Night: Fox confirms my theory about Aereo. CISPA advances.
CISPA continues to remain the big story right now. It’s moving on, though some are concerned that it was effectively renegotiated in back room meetings. It needs scrutiny before passage, I’m thinking. It’s probably a decent but watered-down bill at this point, but let’s look before supporting at this point. We need a good cybersecurity bill, not just any old thing.
Which is exactly what Jay Rockefeller is up to: flailing about, expanding government willy-nilly, in the name of cybersecurity. The SEC? Doing Cybersecurity? Insane.
I like the idea of the Internet Freedom bill, though. The global trend is away from freedom online, and it’s up to us to try to do something about it. The idea that the bill would hurt Net Neutrality is just a bonus.
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, Barack Obama
, Net Neutrality
, Tech at Night
The ObamaCare tax credit trap
Then-House Speaker Nancy Pelosi encouraged us to pass ObamaCare to find out what was in it. Here’s the latest grisly surprise, courtesy of the Associated Press: Millions of people who take advantage of government subsidies to help buy health insurance next year could get stung by surprise tax bills if they don’t accurately project their income. President Barack Obama’s new health care law will offer | Read More »
ObamaCare’s “family glitch”
The most disastrous legislation in modern history continues to unravel before our eyes, as Reuters reports on yet another loose thread plucked from the hem of ObamaCare: the IRS has issued rulings that mean the tax credits necessary to make President Obama’s ridiculous plan “affordable” to low-income families won’t be available to many of them. Tax credits are a key component of the law and | Read More »
Return-free filing and interest-free politics
An interesting story at ProPublica, prepared with assistance from NPR, chronicles efforts to bring “return-free tax filing” to the United States. It’s a system already used in a few other countries, and more-or-less duplicated by a few business partnerships in the U.S., but it’s something the Internal Revenue Service could implement nationwide. Basically, the idea is to have the IRS prepare the equivalent of a 1040EZ or | Read More »
Government Waste Illustrated by tax-funded IRS Star Trek ‘Parody’
A video which was created by the IRS to be part of their 2010 training conference illustrates well the government spending problem. Tens of thousands of dollars were spent on the following video which seems to accomplish nothing in the form of training: “The IRS recognizes and takes seriously our obligation to be good stewards of government resources and taxpayer dollars,” the agency said in | Read More »
, Star Trek
Obamacare ‘Provider Fees’ in federal register
Obamacare Provider Fees were posted in the federal register today. These ‘Obamacare Provider Fees’ are the health insurance plan taxes via Obamacare. The fees total $10 billion+ per year. The full proposal can be found here: https://www.federalregister.gov/articles/2013/03/04/2013-04836/health-insurance-providers-fee These ‘fees’ will be passed on to consumers and will increase an average HC plan by $300/year starting next year. A background story from thehill.com can be found | Read More »
The AMT: Is it Necessary?
The IRS is reminding taxpayers and Congress alike that if the annual “AMT patch” isn’t renewed before the end of the year, millions of taxpayers (28 million) would be on the hook for thousands more per person in tax payments. But we need more than just a “patch”. We should strive to eliminate the AMT from the tax code. Here’s why: The Alternative Minimum Tax | Read More »
The Fourth Branch Reinvents ObamaCare
The former head of the Centers for Medicare and Medicaid Services (CMS) Donald Berwick infamously made the following statement in praising Britain’s National Health Service: [A]ny health care funding plan that is just, equitable, civilized, and humane must – must – redistribute wealth from the richer among us to the poorer and less fortunate. Excellent healthcare is by definition redistribution. ObamaCare – or the Patient | Read More »
, Donald Berwick
, Health Insurance
, Michael Cannon
, Mitt Romney
, rick perry
GDP Slows to 1.5% — Red Tape vs. Small Business — an infographic
My Congressman, Randy Hultgren, (R-IL), in his recent constituent newsletter passed along a sound bite of his Congressional comments. Behind him was this placard, showing the government red tape small business owners, or business owners, in general, have to put up with. View a larger version of the graphic by clicking here. Which word best describes the government’s effect on business? My submission, chokehold. Cross-posted | Read More »
Accuracy in Media’s Daily Links for March 29, 2012
Top Story Can Justice Survive Media Lynch Mob? – As more facts have come out about the tragic death of young Trayvon Martin, the news media have been confronted with the consequences of their rush to judgment when news of this story first broke nationally. The first week or 10 days of national coverage turned out to be more of a lynch mob than a sober | Read More »
Support Freedom, by signing the petition to stop the IRS from Silencing the Tea Party
The Obama administration’s IRS is partaking in obvious politically motivated investigations of Tea Party groups around the nation. The ACLJ states, “Such bullying tactics – designed to silence these organizations during this critical year – violates these citizens First Amendment rights.” Jay Sekulow, Chief Counsel for the ACLJ, is leading thelegal team who will be representing some of the largest Tea Party organizations in America, | Read More »
Are you a Tea Party Not For Profit?
If so please read. I am an associate of someone who is helping with legal assistance. I would never give her contact info out, so I will instead forward inquiries to her. If you have been suddenly sprung with an IRS request for information Since December then please email me your State, email, and the name of your Not For Profit. I will forward this | Read More »