In this episode of the weekly Budget & Tax News podcast, managing editor and research fellow Jesse Hathaway is joined by U.S. Rep. Pete Roskam (R-IL), the sponsor of the Preventing IRS Abuse and Protecting Free Speech Act.
Should employees be allowed to pay for their health care with tax-excluded dollars? Dr. Roger Beauchamp, D.D.S., joined Michael Hamilton on the Health Care News Podcast to share his proposal for reforming the U.S. tax code to empower employees to spend their hard-earned wages on the health care solution of their choice.
A new report from the Government Accountability Office, a nonpartisan government agency tasked with auditing, evaluating, and investigating government affairs for Congress, faults the Internal Revenue Service for failing to properly secure taxpayer data, leaving taxpayers’ private information at the mercy of hackers, both domestic and foreign. The report, delivered to IRS chief John Koskinen on March 28, says the IRS has failed to make recommended improvements to its financial and information-technology procedures.
Suppose you’ve been using some creative data, accounting and legal interpretations for years to reduce your tax bill – and the IRS suddenly flags you for a full-blown audit. Instead of trembling in your boots, shredding your records, calling a top-flight lawyer, and preparing for an extended jail visit, just do this:
If President Barack Obama doesn’t like you – his government tends to make your life really, REALLY miserable. Ask Tea Party and conservative groups – when Obama’s Internal Revenue Service (IRS) isn’t harassing them, it is allowing them to endlessly languish unapproved. Ask reporters who report things in ways the President doesn’t like – his government spies on and investigates them. Ask the coal industry – Obama’s administration is unilaterally regulating it out of existence. And on, and on, and…
Liberals love to extol their deep compassion for the poor, whom conservatives allegedly don’t give a fig about. Thus our Community-Organizer-in-Chief pontificates endlessly about income inequality, to justify his determination to “fundamentally transform” our nation, so that “everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same set of rules.”
The Congressional Budget Office just estimated that the federal budget deficit would reach $425 billion this year. That’s an additional $1,300 of debt for each American man, woman and child.
As Grand Inquisitor of the Spanish Inquisition for 15 years, Tomas de Torquemada presided over the interrogation, torture, imprisonment and execution of thousands, for the “crimes” of religious heresy and pretended conversion to Christianity. Historian Sebastián de Olmedo titled him “the hammer of heretics.”
In rural North Carolina, Lyndon McLellan runs the L&M Convenience Mart, a small gas station and restaurant, half a mile outside the limits of Fairmont. In the summer of 2014, every last penny of McLellan’s business bank account was drained by Internal Revenue Service (IRS) agents, on the pretext McLellan was attempting to conceal evidence of money laundering.
Government is just another organism. Just like any other other organism, its first priority is self-preservation. Its second – is to grow. The most it possibly can. It wants to be bigger, do more – control more.
One of the challenges the seemingly never-ending list of Republican presidential candidates must face in what is sure to be an all-out political brawl in 2016 is finding a unique way to explain that America does not have a tax revenue problem; it has a massive spending addiction.
When a Tech Media story crosses over to the broader Jurassic Press – their ridiculous Leftist repetitiveness is truly comical. And highly disquieting. On Friday, President Barack Obama’s huge Internet Network Neutrality power grab officially went into effect. A crossover story – with predictable, pathetic Press results.
Marching under the banner of “transparency,” there is a growing movement in the U.S. to limit truly free speech. The movement claims to be attacking “dark money,” but the reality is that its adherents want to shut up its ideological opponents. Independent expressions of support or opposition for candidates or political issues are marginalized by irrelevant questions about funding sources. Honest research and well-formulated arguments are denounced as “biased” or “untrustworthy” because of who the donors are rather than based on the merits of the arguments presented.
The Supreme Court’s ruling in the case of King v. Burwell will come out within the next three months. Because the Obama administration did not follow its own law as passed by congressional Democrats and signed by President Obama, that decision will turn Obamacare inside out, creating chaos in health insurance and health care.
We are (thank God) in the fourth quarter of the Barack Obama Administration. Our long national nightmare is more than three-quarters over.
That’s the good news. The bad news is – everyone in the Barack Obama Administration knows it too.
This waning Administration is in the pummel-the-private-sector business. And there is arguably no tentacle of the federal Leviathan better equipped to do it than the Environmental Protection Agency (EPA). After all – it’s the EPA’s sole reason for being.
The Obama Administration was apparently shocked when the U.S. Supreme Court agreed to hear the case of King v. Burwell, which challenges insurance subsidies flowing through federal Exchanges. The Affordable Care Act (ACA) clearly states that subsidies flow only through Exchanges established by States.
Congressman Peter Roskam (R-IL) joins Budget & Tax News managing editor Jesse Hathaway to talk about the issue of the Internal Revenue Service’s (IRS) use of civil asset forfeiture laws to seize innocent citizens’ assets, based on suspicions that they really are financial criminals.
Increasingly over the past decade both federal and state governments have given special subsidies to, provided tax advantages for and mandated the use of solar energy as a solution to environmental concerns and the need for greater domestic energy independence.