(CNSNews.com) – President Barack Obama’s proposed budget would simultaneously compel Americans to enroll in a tax-deferred retirement account and “prohibit” them from saving more than $3 million in such accounts. That sum, Obama’s budget argues, is all that is “needed to fund reasonable levels of retirement saving.” Under current law, American who save money in […]
Tetra Images Tetra Images/Newscom Like past budget proposals, President Obama’s new budget plan calls—again—for lowering the charitable contribution deduction. The current tax code allows individuals to deduct their giving from their overall tax liability at a rate equal to their tax bracket. Obama wants to cap the charitable deduction at what it would be for […]
In the ongoing debate over deficit reduction, President Obama and his colleagues in the House and Senate incessantly call for tax increases as if our budget problems persisted because of taxes being too low. If only the federal government could usurp more of taxpayers’ hard earned money, the line of thought goes, Washington could get […]
Because the mainstream media lobbied every bit as hard as Obama to win passage of ObamaCare, they are every bit as invested in doing whatever is necessary to see that it is perceived as a success. Unfortunately for Americans who expect truth from their media, this means the media are having to manufacture a false […]
Programs aimed at reducing employer health costs could become more common under Obamacare. Employees of the national pharmacy store chain CVS just got a hard pill to swallow. Workers who use the company’s health insurance plan were told to get a doctor’s assessment of their weight, blood pressure and other health indicators to turn over […]
Newscom House Republicans and various policy groups gathered on Capitol Hill this week to oppose a tax on carbon. “This is not a carbon tax,” said Grover Norquist, president of Americans for Tax Reform. “Carbon doesn’t pay taxes. People pay taxes. This is a tax on the American people.” A carbon tax would burden all […]
(CNSNews.com) — Jeff Kent, the former professional baseball player who was voted off the “Survivor” television show, left with a parting shot at President Barack Obama — and the amount of tax he would have to pay if he had won the $1 million prize. “You know what pisses me off, is that I think […]
(CNSNews.com) – The U.S. Embassy in Kabul plans to spend up to $250,000 in taxpayer money on the creation of a website that will allow people to show how “the Afghanistan of today has provided opportunities that didn’t exist before.” The stand-alone website — or dedicated YouTube channel — must give people in Afghanistan and […]
Newscom The union whose strike led to the bankruptcy of Hostess last year has just been awarded government benefits from a program few qualify for. Last year, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union refused to accept concessions that would have kept Hostess in business. The company had tried to cut costs […]
Would you like a raise? For some workers, cronyism prevents receiving raises in pay. In early 2011, a Giant Eagle supermarket in Edinboro, Pennsylvania, wanted to give wage increases and higher starting wages to 25 employees. But a union wouldn’t let it do so. Why would a union object to workers receiving higher wages? Because […]
