Social Security overpaid nearly half the people receiving disability benefits over the past decade, according to a government watchdog, raising questions about the management of the cash-strapped program. In all, Social Security overpaid beneficiaries by nearly $17 billion, according to a 10-year study by the agency’s inspector general. Many payments went to people who earned […]
Hawaii’s $205 Million Obamacare Exchange Implodes – Americans for Tax Reform
May 13, 2015 by
Despite over $205 million in federal taxpayer funding, Hawaii’s Obamacare exchange website will soon shut down. Since its implementation, the exchange has somehow failed to become financially viable because of lower than expected Obamacare enrollment figures. With the state legislature rejecting a $28 million bailout, the website will now be unable to operate past this […]
Conservative Review – Romano: If Senate Dems want a reprieve from Obamacare, they should repeal it
February 22, 2015 by
The deadline for signing up for Obamacare has passed, and now 3 to 6 million uninsured will have to pay penalties under the law’s individual mandate, Administration officials say. Each will have to pay the greater of either $325 or 2 percent of income. That could mean as much as $2 billion of fines doled out […]
Universal Healthcare: Who Really Pays? – American Thinker
February 12, 2015 by
Proponents of “universal healthcare” often assert that healthcare is a right. If so, then healthcare is a rather different kind of right than those of Life, Liberty, and the pursuit of Happiness. We get those unalienable rights from our Creator, or from Nature. But healthcare is a complex array of products and services that must […]
Republican FCC Member Warns Net Neutrality Is Not Neutral – Breitbart
February 10, 2015 by
Ajit Pai, the sole Republican Commissioner on the Federal Communications Commission (FCC), inferred in a Tweet that President Barack Obama’s secret, 332-page “Net Neutrality” document is a scheme for federal micro-managing of the Internet to extract billions in new taxes from consumers and again enforce progressives’ idea of honest, equitable, and balanced content fairness. FCC […]
Obama Estate Tax Plan: Die Once, Get Taxed Twice – Investors.com
February 2, 2015 by
President Obama’s proposed changes to inheritance and capital gains taxes could raise the estate tax rate in the U.S. to the highest in the industrialized world. The plan, announced during the State of the Union address, would eliminate what is called “step-up basis at death” on capital gains taxation. And the top capital gains rate […]
Obama is the main obstacle to economic growth | Human Events
January 23, 2015 by
WASHINGTON — No matter what President Obama said about the state of our union Tuesday night, the economy’s prognosis is not good. Who says so? A hefty majority of the American people in a new Washington Post/ABC News poll that sought their opinion about the economy’s health. Roughly six in 10 said it was “not […]
American Thinker: Obama to propose tax increases of $320 billion over 10 years
January 19, 2015 by
Obama aides previewing the president’s State of the Union speech say that the administration plans to close “loopholes” in the tax system and charge a fee to big banks to curb risky borrowing. The tax increase package would total $320 billion over the next decade. The president then plans to take that money and give […]
Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt | CNS News
November 29, 2014 by
The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover […]
Conservatives not satisfied with Mitch McConnell on Obamacare – Burgess Everett and Anna Palmer – POLITICO.com
November 1, 2014 by
Four days before Election Day, conservatives are attacking Mitch McConnell, potentially the next Senate majority leader and in a tight race himself, as insufficiently committed to repealing Obamacare. At issue are McConnell’s remarks to Neil Cavuto of Fox News on Tuesday, when McConnell said that a standalone repeal of the health care law would take […]
CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years | CNS News
September 16, 2014 by
(CNSNews.com) – The cost of the Obamacare subsidy that the U.S. Treasury will pay on behalf of people who earn under 400 percent of the federal poverty level and who buy a government-approved health-care plan on a government-run health-insurance exchange will increase by approximately 8-fold in its first ten years of operation, according to the […]
$2.66T: Tax Revenues for FY14 Hit Record Through August; Gov’t Still Runs $589B Deficit | CNS News
September 13, 2014 by
(CNSNews.com) – Inflation-adjusted federal tax revenues hit a record $2,663,426,000,000 for the first 11 months of the fiscal year this August, but the federal government still ran a $589,185,000,000 deficit during that time, according to the latest Monthly Treasury Statement. Each month, the Treasury publishes the government’s “total receipts,” including all revenue from individual income taxes, corporate […]
Confiscatory: Peyton Manning Could Pay New Jersey 101.8% of Super Bowl Earnings in Taxes
January 28, 2014 by
If Peyton Manning loses the Super Bowl to the Seattle Seahawks and decides to play another year, he will have to pay the state of New Jersey more than he earned during the game in taxes. K. Sean Packard, also known as @AthleteTax, did an analysis for Forbes and noted that the winner’s share in […]
New ObamaCare fees coming in 2014 | New York Post
December 26, 2013 by
WASHINGTON — Here comes the ObamaCare tax bill. The cost of President Obama’s massive health-care law will hit Americans in 2014 as new taxes pile up on their insurance premiums and on their income-tax bills. Most insurers aren’t advertising the ObamaCare taxes that are added on to premiums, opting instead to discretely pass them on […]
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