Alan Joel

The CBO has not actually scored ObamaCare's deficit impact since 2012

Hats off to The Weekly Standard for delving into the question of ObamaCare costs. The Senate Budget Committee (SBC) took the time to analyze the Congressional Budget Office (CBO) projections related to ObamaCare and this is what they found:

Feds Celebrate $3 Trillion Tax Haul; Wallets Weep

This Washington Times piece did an nice overview of FY2014: The Treasury Department unveiled its Fiscal Year 2014 numbers, which showed that the government's revenue, for the first time ever, hit the $3 trillion mark. However, the government still overspent its revenues, leaving a $483 billion deficit.

Anti-business Policies and the Liberty of Risk

Ben Casselman penned a piece a year agoin the Wall Street Journal, which documented the decline of risk-taking in business ventures. Hard data showed that both the number of new companies and the use of venture capital is waning. He rightfully suggested that this downward trend is a major contributor to the fact that the recovery from the recent recession is so painfully slow and anemic.

High Taxes and Demographic Shift Affect Congressional Representation

I have written on this subject before, and now the affects of high taxes and population migration are playing out in a substantial, political way: the decline of about 40% of Congressional seats in the Northeast.

The Internet Tax is an "Unfair" Revenue Grabber

Discussion began heating up again about the "internet tax" last week when lawmakers pushed back the moratorium on Internet access taxes -- set to expire on Nov. 1 -- until mid-December during the lame-duck session. In the meantime, let's call it out for what it really is: a revenue grabber masquerading as "fairness".

Chuck Todd is Officially Irrelevant

Whatever shred of actual relevancy Chuck Todd hoped to achieve as the new moderator of "Meet the Press" just collapsed yesterday during his MSNBC interview regarding the resignation of Attorney General Eric Holder. Chuck Todd eulogizes Eric Holder as "a non-political person":

New Inversion Rules Seek to Punish Businesses, Not Raise Revenue

The Department of the Treasury announced last night that it has implemented new rules aimed at making it more difficult for U.S. companies to move their headquarters abroad, which is known as an "inversion". The rules take immediate effect.

More Abject Failure from Koskinen's IRS

John Koskinen has failed the IRS and the American people. IRS Commissioner John Koskinen testified last week about the missing emails lost forever due to computer failures. When questioned about any more crashes or computer issues recently, Koskinen told the House Oversight and Government Reform subcommittee that “Hard drive crashes continue as we speak.”

United States Ranks 32 out of 34 Countries in New Global Tax Index

The Tax Foundation released its first global stat called the "International Tax Competitiveness Index". This index aims to measure two criteria, competitiveness and neutrality, by examining "the extent to which a country's tax system adheres to", these "two important principles of tax policy".

Bernie Sanders Wants Rich People To Die

At least you can say Bernie Sanders is ideologically consistent. The self-proclaimed socialist unabashedly declared on Saturday that “we need a tax system which asks the billionaire class to pay its fair share of taxes and which reduces the obscene degree of wealth inequality in America.” It was particularly fitting that the speech was at an AFL-CIO convention.

The Fed: Economy is Gloomy because Americans are "Hoarding Money"

In a moment of recent hand-wringing, the Fed examined the question of why inflation has stayed extremely low in the United States despite all the efforts of quantitative easing money pumping. Their answer: American consumers are mainly to blame.

US Jacks Up Exit Fee For Those Renouncing Citizenship

Just like the recent rise of business inversions — moving business HQ abroad — the United States has seen an uptick (up 221%) in Americans renouncing their citizenship. The elephant in the room in both these cases is taxes: both high taxes and burdensome tax compliance in foreign jurisdictions.

Government Inspectors Generals Describe Atmosphere of Restricted Access

Inspectors General (yes, that's the plural) are considered watchdogs for the government. Their jobs primarily focus on "uncovering waste, fraud, and mismanagement", which is an important function to keep government programs and agencies in check.

Audit Reveals Government-Run Website is Inaccurate and Inconsistent

USAToday gave a sobering report this week which reaffirmed the inability of our government to be both accurate and transparent.

Obama's Inversion Crusade Is Just Another Attack on Businesses

Obama has called “for an end to a corporate loophole that allows companies to avoid federal taxes by shifting their tax domiciles overseas in deals known as “inversions.” Such as statement shows the utter ineptitude that Obama has for understanding a) what inversion actually is and b) how his policies are the cause.

The Immigration Surge has nothing to do with immigration

One month ago (in June), the topic of immigration was at 5%. Today? It's 17%. According to a Gallup poll released a few days ago, immigration has surged to the top of the list as "the Most Important U.S. Problem". This replaces "dissatisfaction with government" (16%).

Federal Court Says Obamacare Subsidies Illegal -- what next?

A federal appeals court handed down a ruling this morning that could be problematic for ObamaCare. As just reported, "A judicial panel in a 2-1 ruling said such subsidies can be granted only to those people who bought insurance in an ObamaCare exchange run by an individual state or the District of Columbia--not on the federally run exchange HealthCare.gov." You can read the entire appeal here.

Government Worker's Union Ends Ties with United Negro College Fund after Koch Gift

After the United Negro College Fund accepted a $25 million grant from Koch Brothers, Inc and the Charles Koch Foundation, The American Federation of State, County and Municipal Employees (AFSCME) sent a letter to the United Negro College Fund (UNCF) yesterday ending their relationship. This includes a paid internship program.

A renewed appeal for Keystone

What’s going on with oil and energy these days?

Chuck Todd Should Resign At NBC

You can’t have anyone that stupid be in charge over there.