Obama Tax Hikes: Higher Dividend Taxes Hurt Seniors

The Heritage Foundation published a white paper called “Obama Tax Hikes: Higher Dividend Taxes Hurt Seniors.”  Here is the abstract:

“There is much talk in Washington and the media about the impending expiration of the 2001 and 2003 tax relief. Those in favor of letting the tax cuts expire argue that to do otherwise would be merely to reward the rich at the expense of the lower-income population. Lost in these misguided accusations is the fact that higher dividend taxes—part of the tax increase currently scheduled for January 1, 2011—will not only hurt American companies, but penalize America’s senior citizens. Older people hold the most stock of any demographic group, and often rely heavily on dividends to supplement their Social Security income. Penalizing retirees would be one of the particu­larly bad outcomes of letting the Bush tax cuts expire. Time is running out and Congress should act now to make the tax relief permanent.”

By |September 21st, 2010|Tax Law|0 Comments

‘Cookies’ Cause Bitter Backlash

Wall St. Journal:  “Spate of Lawsuits Shows User Discomfort With Latest Innovations in Online-Tracking Technology.  Tools that track users’ whereabouts on the Web are facing increased regulatory and public scrutiny and prompting a flurry of legal challenges.”

By |September 21st, 2010|Internet & Computer Law|0 Comments

Give States a Tool to Check Federal Power

Richmond-Times Dispatch:  “Virginia needs to . . . lead . . . the charge to amend the U.S. Constitution to give two-thirds of states the power to repeal an act of Congress. . . . the problem is an imbalance of power, with power held by and concentrated in a distant and unaccountable federal bureaucracy.”

By |September 21st, 2010|Loss of Freedom, US Law|0 Comments

Major Health Insurers to Stop Offering New Child-only Policies

Washington Post:  “Some of the country’s most prominent health insurance companies have decided to stop offering new child-only plans, rather than comply with rules in the new health-care law that will require such plans to start accepting children with preexisting medical conditions after Sept. 23.”

By |September 21st, 2010|Obamacare|0 Comments

Press Ignores Hypocritical Mexico Building Wall on Border with Guatemala

examiner.com:  The Mexican “government is building a wall in the state of Chiapas, along the Mexican/Guatemalan border. . . . the U.S. press has completely ignored the story…They excoriate Americans for their desire to simply defend their own borders, but give Mexico a pass for building a wall to keep out illegal aliens.”

By |September 21st, 2010|General|0 Comments

Why Corvettes Cost Less Than College

Real Clear Politics:  “American median income has grown 6.5 times over the past 40 years, but the cost of attending one’s own state college has ballooned 15 times. . . . American universities now rake in $40 billion a year more than they did 30 years ago. . . . The market will eventually recognize the out-of-whack economics of today’s ‘place-based colleges’ and intervene.”

By |September 21st, 2010|Law School Reality|0 Comments

Boston May Ban Sales of Sugary Beverages

The march deeper and deeper into the nanny state continues.  Boston Globe:  “First, it was smoking in restaurants and bars. Then, artery-clogging trans fat in fast food joints and bakeries. Now, Boston health regulators have their crosshairs fixed on soft drinks and other sugar-sweetened beverages sold in city building.”

By |September 20th, 2010|Government Helping Us - Not, Loss of Freedom|0 Comments

Obama Ignores Express Language in Federal Law and Appoints Elizabeth Warren as Head of New U.S. Consumer Financial Protection Bureau

On Friday, President Obama appointed Harvard law professor Elizabeth Warren to be the head of the brand new U.S. Consumer Financial Protection Bureau.  The CFPB was created by the new Dodd-Frank financial regulatory bill that became law in July of 2010.  The new law is called the Wall Street Reform & Consumer Protection Act.”

The United States Constitution states that the President:

“shall nominate, and by and with the Advice and Consent of the Senate, shall appoint . . . Officers of the United States. . . . Congress may by Law vest the Appointment of such inferior Officers, as they think proper, in the President alone.”

President Obama signed the new Dodd-Frank financial regulatory bill into law on July 21, 2010.  The law states that the:

“”Director shall be appointed by the President, by and with the advice and consent of the Senate.”

The CFPB created a new government watchdog agency that: (i) sets its own budget so it is not dependent on Congress for funding, and (ii) is independent and not controlled by Congress or the President.  This new agency is a totalitarian governmental agency that will be run by unelected people who answer to no one.  Does anybody who believes in freedom and liberty think this is a good idea?  The audacity of hope!

Despite the U.S. Constitution and the express language in the law, President Obama appointed Warren to be the director of the CFPB without the consent of the U.S. Senate or even a hearing on whether she should hold the job.  Why do few people care when the President violates federal law?  What will happen to our country if our leaders do not respect and follow the rule of law?

The Wall St. Journal said Warren’s appointment avoided “Senate confirmation and, for that matter, any political supervision. The chutzpah here is something to behold. . . . We would have thought a Harvard law professor would object to the extra-legality of this arrangement, but then this is also the crew that gave us ObamaCare via budget reconciliation and put Donald Berwick in charge of Medicare without a Senate debate. . . . We have here another end-run around Constitutional niceties so Team Obama can invest huge authority in an unelected official who is unable to withstand a public vetting. So a bureau inside an agency (the Fed) that it doesn’t report to, with a budget not subject to Congressional control, now gets a leader not subject to Senate confirmation.”

By |September 19th, 2010|Loss of Freedom, US Law|0 Comments

Harry Reid’s Illegal Alien Student Bailout

Michele Malkin:  “The open-borders lobby is out in full force, launching a week-long campaign yesterday to pass another illegal alien amnesty-by-another-name. . . . The so-called DREAM Act would create an official path to Democrat voter registration for an estimated 2 million, college-age illegal aliens.”

By |September 19th, 2010|General|0 Comments

Arizona Doctors May Face Marijuana Dilemma if Proposition 203 Passes

Arizona Republic:  “Physicians agree that marijuana can provide relief for patients with serious illnesses, but they also find ethical dilemmas in recommending a drug that is not federally approved. . . .  Marijuana is classified as a schedule-1 drug by the U.S. Drug Enforcement Administration . . . . The lack of FDA approval raises ethical concerns for physicians.”

By |September 19th, 2010|General|0 Comments