Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘IRS’

Criticizing the President: This one’s on Obama

Posted by Warm Southern Breeze on Monday, May 20, 2013

This OpEd is probably some of the best, and most genuinely warranted criticism of President Obama which I’ve yet read.

As late former president Theodore Roosevelt wrote:
“The President is merely the most important among a large number of public servants. He should be supported or opposed exactly to the degree which is warranted by his good conduct or bad conduct, his efficiency or inefficiency in rendering loyal, able, and disinterested service to the nation as a whole. Therefore it is absolutely necessary that there should be full liberty to tell the truth about his acts, and this means that it is exactly necessary to blame him when he does wrong as to praise him when he does right. Any other attitude in an American citizen is both base and servile. To announce that there must be no criticism of the president, or that we are to stand by the president, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.* Nothing but the truth should be spoken about him or any one else. But it is even more important to tell the truth, pleasant or unpleasant, about him than about any one else.”

-Theodore Roosevelt’s OpEd Column entitled “Sedition, A Free Press and Personal Rule” published May 7, 1918 in the Kansas City Star

*Roosevelt’s sharp criticism of President Wilson‘s leadership during World War I led the Post Office to warn that the Star that such views might cost the paper its second-class mailing privileges.

Obama A Big Hypocrite? Ask Legal Schnauzer, Roger Shuler

By (about the author)     Permalink
Life Arts 5/18/2013 at 22:24:54

My guest today is Legal Schnauzer, Roger Shuler. Welcome back to OpEdNews, Roger. 

JB: Your recent piece The President Paints Himself Into An Ethical Corner By Voicing Outrage Over Evolving Scandal At The IRS  is pretty scathing. What’s got you so upset?

RS: In early January 2009, just a few days before he took office, President-Elect Obama said he intended to “look forward, as opposed to looking backwards” on apparent crimes under the Bush administration. As president, Obama seems to have followed through on that pledge because his Justice Department has failed to review political prosecutions such as the one involving former Governor Don Siegelman in Alabama, where I live.

Political prosecutions, of course, were just of one of many improper acts on the justice front during the Bush years–torture, warrantless wiretapping, firings of U.S. attorneys were among the others. In essence, Obama issued a decree that no one would be held accountable for those acts.

Obama’s “look forward” statement made no sense at the time, and it makes even less sense now, coming after he expressed outrage the other day over disclosures about the IRS targeting conservative groups for political reasons. Obama said in a news conference that he would not “tolerate” such actions, that wrongdoers must be held “accountable,” and the problem must be “fixed.”

But his inaction toward the DOJ shows that he will tolerate the targeting of political opponents, that he will not hold individuals accountable for such actions, and he will not take steps to fix the problem. Obama was uttering empty words at his press conference about the IRS. Many of us expect that from a Republican chief executive; we should demand better from a Democrat.

JBFor readers unfamiliar with the Siegelman case, Roger, can you give us a brief overview of what happened and why anyone outside of Alabama should care? It didn’t happen under Obama’s watch so how can he be blamed?

RS: Don Siegelman was a Democratic governor in a deep-red state, a state where Karl Rove has a strong power base. Siegelman accepted a campaign donation from a businessman named Richard Scrushy, and then appointed Scrushy to a health-care regulatory board–a board on which Scrushy had served under three previous governors.

The standard for a bribery conviction in the campaign-donation context is that the prosecution must prove an “explicit agreement” in a something-for-something deal (known in legalese as a “quid pro quo.”) No evidence at trial pointed to such an unlawful deal, and the federal judge presiding over the case (a George W. Bush appointee named Mark Fuller) gave incorrect jury instructions that did not include the “explicit agreement” requirement. He allowed the jury to Read the rest of this entry »

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Do We Now Know Enough About Mitt Romney’s Taxes?

Posted by Warm Southern Breeze on Friday, September 28, 2012

MAKING SEN$E — September 28, 2012 at 5:04 PM EST

Do We Now Know Enough About Mitt Romney’s Taxes?

By: Paul Solman

US Republican presidential candidate Mitt Romney speaks at a town hall meeting at Central High School in Grand Junction, Colorado, on July 10, 2012, where he said he has ‘nothing hidden’ in his taxes. Photo by: Nicholas Kamm/AFP/Getty Images

It’s hard enough to figure out my own taxes every year without having to worry about Mitt Romney’s. But because the issue of Romney’s taxes has come to loom so large, I thought I’d better get some professional advice. So I sought out a friend, estate planning lawyer Matthew Berlin, who has modest clients like me as well as the high and well-heeled, some of them with assets abroad. I asked him if we now knew all we need to know, at least with respect to the tax returns Mitt Romney has disclosed publicly.

No, said Matthew. There are a host of questions that any inquiring tax attorney or journalist might ask. Without them, a true picture of Romney’s finances would be impossible. So I asked Matthew if he wouldn’t share the questions with us. Here they are: Read the rest of this entry »

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American tax code promotes outsourcing. Mitt Romney’s jobs plan would exploit that weakness.

Posted by Warm Southern Breeze on Monday, July 16, 2012

The Center for American Progress is a public policy think-tank which was created by John Podesta in 2003 as an alternative to right-wing extremist think tanks such as the Heritage Foundation and the American Enterprise Institute.

You can skip the article to the conclusion, but then, if you did, you’d miss out on the rationale… which is the significant point.

Yes, there are changes to American tax policy which need to be re-examined, particularly and especially those which do not offer competitive, fair or just incentives for a win-win-win for American enterprise, the American worker, and the American economy as a whole. However, the rules that have skewed the advantage to Big Business to the exclusion of the benefit of all of America and her citizens should be re-examined and modified or eliminated as necessary.

Time and time again, history has shown that when our nation has had high personal income tax rates, our nation has prospered significantly. That’s but one proof positive that should no longer be a “sacred cow” for any political party.

Further, the “starve the monster” philosophy which has, in large part, guided the modern Republican party, even spawning the modern radical TEA Party element, is a significant departure from reality. The reason why is simple: 100 years ago, we didn’t have space travel, the Internet, computers, cell phones, the Interstate highway system and so many, many, many more things that we have now. It’s ludicrous – bordering on the insane – to imagine that as these new inventions and innovations have proliferated (themselves signs of American ingenuity & enterprise), that there would be fewer rules and regulations associated with them. The concept is really quite simple. For example, when families have more children, there are more rules to govern their actions & behaviors. It’s analogous also to saying that, as an adult, one would wear smaller clothing as an adult, then as they did when in their infancy. It’s so preposterously ludicrous as to be insane – a genuine divorce from reality.

Romney’s New Tax Incentive for Outsourcing U.S. Jobs

How Romney’s Plan Would Reward Foreign Outsourcing

Mitt Romney hanlon_outsourcing_onpage

Gov. Romney presents his plan for creating jobs and improving the economy during a speech Tuesday, Sept. 6, 2011, in Las Vegas. His argument that we must exempt the overseas profits of American companies from U.S. taxes to make them more competitive in a global economy doesn’t hold up. SOURCE: AP/ Julie Jacobson

By Seth Hanlon | July 16, 2012
Download this issue brief (pdf)

The Washington Post recently reported that some of the companies Mitt Romney’s firm Bain Capital invested in were “pioneers in the practice of shipping work from the United States to overseas call centers and factories.” Even more troubling than his business record is his platform as Republican presidential candidate, which includes a policy that would encourage and further accelerate the outsourcing of American jobs to foreign countries.

The former Massachusetts governor would make U.S. corporations’ overseas profits exempt from U.S. taxes. These profits are already treated favorably under the tax code compared to corporate profits that are earned and reported domestically, creating an inefficient bias toward investment offshore. The favorable treatment of profits that are reported offshore also creates rewards for corporations that shift profits (on paper) out of the United States to foreign countries, including tax havens such as Bermuda and the Cayman Islands.

Romney’s proposed exemption for foreign profits would exacerbate the worst features of our current tax system. It would: Read the rest of this entry »

Posted in - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments »

Congratulations, Mark Zuckerberg! And welcome to the 1% of the 1% class!

Posted by Warm Southern Breeze on Wednesday, May 23, 2012

Is it clear enough that Wall Street denizens like neither FaceBook or Mr. Zuckerberg?

They bitched, moaned, groaned, griped, carped and complained about his attire.

Now, the stock of his company is tanking, and readers will recall the title of an earlier post which asked “How is FaceBook’s IPO like Erectile Dysfunction?

To be certain, this is not a reflection upon Mr. Zuckerberg’s character, but rather a form of criticism of his company’s business model. More specifically, it is the demonstrated lack of a concrete, long-term profit-making revenue stream which has many analysts concerned about the firm’s long-term viability.

By the way, based on 2009 tax year filing data, the Internal Revenue Service says an Adjusted Gross Income (AGI) of $343,927 or more, will put you in the top 1 percent of taxpayers.

Mark Zuckerberg earns $1.1 billion from selling Facebook shares

By Salvador Rodriguez

May 22, 2012, 5:35 p.m.

Mark Zuckerberg on Tuesday completed the transaction of the 30.2 million shares he sold in Facebook’s IPO Friday.

The shares he disposed of sold for $37.58 a piece, bringing him a cool $1.1 billion. But despite all that money, the Facebook CEO will be Read the rest of this entry »

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Taxed Enough Already? Not hardly, says new report.

Posted by Warm Southern Breeze on Thursday, April 8, 2010

So-called “tea” partiers may be disappointed

The Tax Policy Center (TPC), a non-partisan policy analysis and collaborative effort of the Brookings Institution and Urban Institute, both Washington, D.C. think-tanks, recently reported that 47% of all Americans will not pay income tax for the 2009 tax year.

President Obama’s “Making Work Pay” tax credits, and his American Recovery and Reinvestment Tax Act of 2009 (Public Law 111-5) have further reduced income tax burdens on Americans.

Because of his initiatives, more than half of all elderly households, families with children, and other Americans will pay no income tax this year. More than 75% of married couples and single heads of households with income between $30,000 – 40,000 will pay no income tax. And more than 90% of all households with children will have no tax liability this year.

The Tax Policy Center estimated President Obama’s policies significantly lowered the tax burden on average Americans, …Continue…

Posted in - Read 'em and weep: The Daily News, - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments »

Trouble from Huntsville Hospital

Posted by Warm Southern Breeze on Tuesday, February 16, 2010

NOTE: I share the following with explicit permission.

A dear, elderly and retired friend of mine will, in coming days, be scheduled for surgery. Most likely, the procedure(s) will be performed at Huntsville Hospital.

Because my friend is retired, she receives a modest (meager would be more appropriately accurate) private pension, supplemented with Social Security income. Altogether, she has monthly income of under …Continue…

Posted in - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know | Tagged: , , , , , , , , , , , , , , , , | Leave a Comment »

 
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