Filed under: Democrat Corruption, Economy, Taxes | Tags: Business Climate, Excessive Taxation, Free Markets
Basic Economics. Connecticut is one of the worst states in the country when it comes to business taxes. The state is now looking at another round of business tax hikes. With their latest budget, the Connecticut legislature has now increased business taxes five times since 2011, forcing companies located in the state to pay the fifth highest tax rate in the nation.
With the latest increase, accountants will be working overtime to deal with the new budget that includes nearly $2 billion in tax increases, including a $700 million increase in business taxes.
Bright politicians know an opportunity when they see one. Governors Mike Pence of Indiana and Greg Abbott of Texas pay attention. Republicans both, the governors have written to the corporate leadership of GE, Aetna, and Travelers, inviting them to tour their states and investigate the tax advantages that Connecticut can no longer provide.
Bloomberg reported that Abbott’s letter boasted of a $3.8 billion tax-cutting package approved by the Texas legislature in May that included a 25 percent cut in the business franchise tax. That alone would save companies in Texas a total of $2,5 billion in the next ten years.
Pence wrote that “Businesses in Indiana grow with confidence, while businesses in high-tax states like Connecticut operate in fear of seeing their piggy banks raided,” wrote Pence. “On behalf of 6.7 million hardworking Hoosiers, we are constantly meeting with companies around the world that are choosing Indiana and enjoying an instant spike in earnings. With Connecticut taxes skyrocketing, it’s important to remind businesses that Indiana is here to help as a state that works.
Fifty percent of Connecticut residents in a poll over the last year said they would leave the state if they could, but they can’t sell their houses because nobody wants to move in because of taxes.
Legislative leaders Sharkey, Looney and Duff ( sorry, I couldn’t resist) Senate President is Martin M. Looney, Majority Leader Robert Duff and Speaker of the House Brendan Sharkey, were all pleased with their budget which contains major property tax relief and long term investments in transportation. “A brighter tomorrow will start with this budget today” said Gov. Malloy.
Texas and Indiana are standouts in the nation for their low taxes and successful economies. We’ll see how many Connecticut businesses decide to relocate..
Filed under: Democrat Corruption, Domestic Policy, Taxes | Tags: Hacked, IRS, Taxpayers
The Treasury Department Inspector General for Tax Administration (TIGTA) warned the IRS that it was not sufficiently protecting taxpayer data, and made recommendations that the IRS failed to implement. TIGTA Chief T.Russell George told the Senate Finance Committee at a hearing yesterday, that the IRS failed to implement over 40 recommendations that would have made taxpayers’ information safer from hackers.
An IRS data breach has resulted in the stolen personal tax information of over 100,000 households could have been prevented if the IRS listened to the Inspector General and to IRS watchdog groups, Americans for Tax Reform reported.
Since 2007, the IRS has been warned at least seven times by watchdog groups that it needed to strengthen its protections of taxpayer information.
In a 2014 report, TIGTA warned that if stronger protections are not implemented, “taxpayers could be exposed to the loss of privacy and to financial loss and damages resulting from identity theft or other financial crimes.” The report was the latest in a series of warnings about the agency’s inability to protect taxpayer information.
A 2013 report found that the IRS had failed to fully implement eight recommendations that would increase security over taxpayer data despite telling TIGTA they had been implemented. A 2011 report found that taxpayer data was vulnerable to hackers and stronger security measures were needed and in 2010, TIGTA found that the agency had inadequate safeguards to protect taxpayer information from contract workers.
According to Americans for Tax Reform, the IRS did purchase Nerf footballs that were never used, the world’s largest crossword puzzle, $100 lunches and Thomas the Tank Engine Wristbands. The IRS will reportedly notify those taxpayers whose information was hacked.
Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economy, Health Care, Law, Progressivism, Taxes | Tags: $125 Billion, A New Record, Improper Payments
It’s a new record for improper payments dished out by federal agencies — an all time high of $125 billion in questionable payments after years of declines.
There were tax credits for families that didn’t qualify for tax credits, unemployment benefits for people who were employed, Medicare payments for treatments that might not have been necessary. This is up by $19 billion over the previous year. The overpayments were spread across 22 federal agencies, though Medicare and Medicaid fraud and the Earned Income Tax Credit together accounted for more than $93 billion in improper payments.
I heard on the radio that we apparently have some of the world’s oldest people receiving Social Security benefits. Since they are apparently older than the oldest woman who was celebrated in the media at 117, it’s fairly safe to assume that they are illegal immigrants receiving benefits by stealing someone’s identity.
Filed under: China, Democrat Corruption, Domestic Policy, Environment, Regulation, Taxes | Tags: Environmental Protection Agency, Out of Control Bureaucrats, Useless and Costly
Sometimes you just don’t know whether to just laugh at the Obama administration, or pity them. The Environmental Protection Agency has it eyes on pollution from backyard barbecues. The agency has announced that it will fund a University of California project to limit emissions resulting in grease drippings with a special tray to catch them, and a “catalytic” filtration system.
Damn fools aren’t content with banning our efficient and inexpensive incandescent lightbulbs, and messing up the lighting fixture market, ruining our shower heads, ditto toilets, washing machines, most appliances, and trying desperately to get control of everything in our houses — now they are going to take on our backyards. The kids’ wading pool is next.
The grant is only for $15,000, so we’ll see what they can do to all barbecues with that much.
The school is proposing two fixes to reduce emissions from barbecues. First, they want to cut back on grease flare-ups. The idea: “A slotted and corrugated tray is inserted immediately prior to meat flipping, and removed immediately after. This short contact time prevents the tray from over-heating and volatilizing the collected grease. This collected grease will then drip off into a collection tray and can be used at the pit master’s discretion.”
But, total capture isn’t “practical,” so a filter and fan are proposed for installation. “The secondary air filtration system is composed of a single pipe duct system which contains a specialized metal filter, a metal fan blade, a drive shaft, and an accompanying power system with either a motorized or manual method. This system can be powered by either an exterior electric motor with a chain-driven drive shaft, directly spinning the fan blade, or a hand-powered crank,” said the project write-up.
When they get down to particulate matter that might possibly be inhaled by barbecue pit masters, it’s time to shut the agency down. Or even better, lets loan the whole bunch to China, permanently. They need help.
We expect to limit the overall air pollution PM [particulate matter] emissions from barbecuing and to alleviate some of the acute health hazards that a barbecue pit master can experience from inhalation. The particulate matter present during cooking with and without the grease diverter and PM2.5 filters will be tested and compared to that of current data using a conventional propane barbecue using a fumehood chamber with detectors at CE-CERT. Personal exposure of PM2.5 will also be monitored throughout the experimentation period to determine the degree of acute exposure of particulates to the cook.
Filed under: Art, Capitalism, Economy, Foreign Policy, Freedom, History, National Security, Politics, Regulation, Taxes, The United States, Unemployment | Tags: Investors Business Daily, Michael Ramirez, Political Cartoons
Especially in the hands of Michael Ramirez, political cartoonist extraordinaire, at Investors. Follow his work, he always has something important to say.
Filed under: Democrat Corruption, Domestic Policy, Freedom, History, Law, Politics, Progressivism, Regulation, Taxes, The Constitution, The United States | Tags: Gone Full Tyrant, No Inclination to Negotiate, Progressive Ideology
Goodness, we must have really irritated President Obama with that recent wave election. One might have hoped that it would lead to more cooperation, but he has proved that he has no ability, nor inclination, to negotiate. It’s plainly his way or the highway. He ‘s gone full tyrant.
- The FCC Approves ‘Net Neutrality’ Plan to Control Internet Access the plan puts the Internet in the same regulatory department as Ma Bell and bans business practices that are “unjust or unreasonable.” There is no need for regulation.
- Obama: “Consequences’ for ICE Officials Who Don’t Follow Executive Amnesty.” ” Not only are we going to have to win this legal fight…but ultimately we’re still going to pass a law through Congress.The bottom line is I’m using all the legal power invested in me in order to solve this problem, If somebody’s working for ICE and they don’t follow the policy, there’s going to be consequences to it.”
- Obama to ban bullets by executive action, threatens top-selling AR-15 rifle “As promised, President Obama is using executive actions to impose gun control on the nation targeting the top-selling rifle in the country. the AR-15 style semi-automatic, with a ban on one of the most-used AR bullets by sportsmen and target shooters.”
- Obama: Illegal Immigration Will Be Solved When There’s A ‘President Rodriguez.’ “Now let me get to the broader question you asked, which is what would I ask for the next president of the United States. One of the things I’ve learned in this position is that as the only office in which you are the president of all the people, not just some in terms of short-term politics, you have to be thinking about what’s good for the country.”
- Obama Dares GOP: Go Ahead, Have a Vote on Whether What I’m Doing Is Legal…I Will Veto “So in the short term, if Mr. McConnell, the leader of the Senate, and the Speaker of the House, John Boehner, want to have a vote on whether what I’m doing is legal or not, they can have that vote. I will veto that vote, because I’m absolutely confident that what we’re doing is the right thing to do.”
We have never before had a president who says essentially— the hell with the Constitution, I’m going to do exactly what I want. We’ve had advice handed down from our first president, and many subsequent presidents, but never one before that behaved like a petulant spoiled child.
What we need to understand is that for the present crop of progressives, the issue is never the issue. Our immigration system is not broken. It is not enforced. Obama wants poor, poorly educated peasants from Mexico and Central America because by giving them work permits and welfare benefits, food stamps, driver’s licenses and other goodies, they will be Democrat Party voters, and make America permanently Progressive and permanently socialist.
Regulating the internet as a public utility to protect users establishes government control over the web, who uses it, and what kind of speech will be allowed.
Threatening public officials if they don’t obey Obama’s illegal executive orders while they are questioned by Congress and the courts is reprehensible.
John Hinderaker, one of the attorneys at Powerline offers “A Modest Proposal For Amendments to the Constitution.” “Barack Obama’s scofflaw administration has revealed some ambiguities or omissions in our Constitution–loopholes, if you will–that should be closed via constitutional amendment, to eliminate the possibility that future administrations may also act lawlessly. I have in mind three amendments that should accomplish that purpose.”
Do read the whole thing, which explains the very brief amendments, and why we need each one. Just a matter of clarifying the wording so even ideologues can understand.
ADDENDUM: Forgive me. I have been stupid. John Hinderaker’s column at Powerline was a gentle reminder that Barack Obama was directly ignoring the Constitution he had sworn “to the best of his ability to preserve, protect and defend the Constitution of the United States.” Mr. Hinderaker was simply offering the exact words of the Constitution as “amendments” that should fix the situations. It was a brilliant idea, and I fell for the joke, hook, line and sinker, without bothering to check his words against the exact wording of the Constitution, for I don’t have it all by heart. I am blushing with shame.