As free market-based digital currencies like Bitcoin and e-gold continue to gain traction around the world, the government of Canada responded with the “MintChip,” an electronic payment system touted by authorities as “better than cash” and the “evolution of currency.” Critics of the scheme, however, were not so enthusiastic about the accelerating march toward a cashless society.
On Monday, April 16, the U.S. Senate is scheduled to vote on a procedural motion intended to move the so-called Buffett Rule forward. The motion, if agreed to by at least 60 votes, would invoke "cloture," stopping a Republican filibuster and allowing the Senate to proceed to a vote on the Buffett Rule itself.
Arghhh! It just happened again. No, I’m not referring to the billions of dollars hard-working taxpayers will have to send to Uncle Sam by April 17. (We get an extra two days to file a return this year, thanks to the 15th falling on a Sunday and the 16th being a holiday in Washington, D.C..)
The government doled out more than $200,000 in 2010 to "translocate" a bush that was blocking the path of San Francisco’s $1.05-billion highway project — partially funded by President Obama’s 2009 economic stimulus law — adding to the laundry list of "shovel-ready" projects that resulted in a cesspool of taxpayer waste.
When Rep. Paul Ryan (R-Wis.), Chairman of the House Budget Committee, summarized his tax and spend plan, he used standard Republican rhetoric in explaining it.
Rep. Duncan Hunter (R-Calif.) is renewing his push for legislation that would amend how the federal government assesses the U.S. unemployment rate. When calculating national unemployment, the Bureau of Labor Statistics (BLS) currently omits those individuals who have given up looking for work, making the overall joblessness rate appear substantially lower than it actually is.
One of the big selling points of the Affordable Care Act (ACA), better known as ObamaCare, was that despite its massive new spending initiatives it would somehow reduce the federal deficit. But a new study by Medicare trustee Charles Blahous finds that absent repeal of major provisions of ObamaCare, the law could add as much as $527 billion to the deficit over the next decade.
The Obama administration is quietly steering about $500 million to the Internal Revenue Service (IRS) to help bolster the President’s healthcare overhaul, despite efforts in the Supreme Court to strike down the law. The half-billion-dollar transfer is only a snapshot of the IRS’s total ObamaCare implementation spending, and it is being siphoned outside of the traditional appropriations process.
Disregarding the concerns of many in his party and many of the citizens who elected him, Idaho Governor Butch Otter is headed back to China to continue courting the world’s largest communist regime and second largest economy.
Tax season is winding down once again, but the progressivity of the tax code is still with us. Most Americans who had more taxes withheld from their paychecks than they owe in taxes have already filed for their refunds. But not only did many Americans have no tax liability, some of them who didn’t owe any taxes to begin with still received a refund, all thanks to our Marxist tax code.