74 results for search: San Jose


News Briefing for Saturday, February 7, 2015

HEALTHCARE: Affordable Care Act? Try 'Aggravating Challenge for Accountants' “Two of the most complicated facets of American life have just collided: health care and the federal income tax form. As set out in the Affordable Care Act, starting now health insurance has been woven into every individual federal tax form. Let’s ignore the effect on the ibuprofen market (investment tip?). For the IRS and for thousands of accountants, the result is a once-in-a-generation challenge: a new tax requirement for every American that could be violated accidentally, with ease. “This is a very very big change,” says tax accountant Poonam Bansal. “It ...

News Briefing for Saturday, February 7, 2015

HEALTHCARE: Affordable Care Act? Try 'Aggravating Challenge for Accountants' “Two of the most complicated facets of American life have just collided: health care and the federal income tax form. As set out in the Affordable Care Act, starting now health insurance has been woven into every individual federal tax form. Let’s ignore the effect on the ibuprofen market (investment tip?). For the IRS and for thousands of accountants, the result is a once-in-a-generation challenge: a new tax requirement for every American that could be violated accidentally, with ease. “This is a very very big change,” says tax accountant Poonam Bansal. “It ...

News Briefing for Thursday, January 22, 2015

TEA PARTY PATRIOTS: GOP Slams Obama's SOTU Speech as Divisive, Confrontational (Quote by Jenny Beth) “Republicans Tuesday charged President Barack Obama with putting forth a highly divisive State of the Union speech that offered no new proposals and included a plan to raise $320 billion in new taxes that had no chance of passing Congress. "He's just being confrontational," Jenny Beth Martin, co-founder of the Tea Party Patriots, told Newsmax, focusing on Obama's tax plan. "He knows that's not going to pass either chamber of Congress. "In putting these policies forward, the president has shown that he has no interest in seeking common ground ...

News Briefing for Saturday, January 3, 2015

HEALTHCARE: Feds Looking for Company to Run 'National Data Warehouse' for Obamacare, Medicare “The Department of Health and Human Services (HHS) is looking for vendors to run its "National Data Warehouse," a database for "capturing, aggregating, and analyzing information" related to beneficiary and customer experiences with Medicare and the federal Obamacare marketplaces. Although the database primarily consists of quality control metrics related to individuals' interactions with customer service, potential contractors are to "[d]emonstrate ... experience with scalability and security in protecting data and information with customer, person-...

News Briefing for Wednesday, December 31, 2014

HEALTHCARE: Cost of Healthcare.gov Exceeds $2.2B After Latest Contract Award “With the announcement Monday of a five-year, $563 million contract award to Accenture, the Healthcare.gov contractor that rescued the Obamacare marketplace after 2013's disastrous launch, the total cost of the site will well exceed $2.2 billion. The new award is on top of the $1.7 billion in contracts reported by the inspector general (OIG) of the Department of Health and Human Services (HHS) in August. Accenture was first hired in January after HHS replaced CGI Federal, the original contractor. Accenture reported the new award on its website, noting that not only ...

News Briefing for Monday, November 24, 2014

HEALTHCARE: ObamaCare 2016: If you like your plan, you’ll love it when we pick a different one “Alternate headline: HHS Decides to Make Plan Choices for the Grubes. In a Friday afternoon filled with document dumps, HHS announced that its controversial auto-enrollment plan would be significantly changed in 2016. This year, enrollees who allowed their plans to auto-renew risked running up big tax bills, thanks to annual recalculation of subsidies and base rates. To solve that problem, HHS wants people to allow the Obama administration to auto-enroll them into the lowest-cost plan in their 2016 tier, regardless of what the coverage or deducti...

Congressman Gary Miller Attacks California High-Speed Rail Funding Plan

Congressman Gary Miller (California 42nd District) sits on the House Transportation and Infrastructure Committee which convened a hearing last month on California’ s proposed High Speed Rail Project. Held December 15, 2011, the hearing was titled California's High-Speed Rail Plan: Skyrocketing Costs & Project Concerns . The hearing followed six weeks after California’s High-Speed Rail Authority released their 2012 Draft Business Plan. The plan revealed that the cost to build Phase 1 (San Francisco to Los Angeles/Anaheim) of the voter approved statewide system has risen from $33 billion in 2008 to now somewhere between $98.5 billion and $118 ...

News Briefing for Wednesday, April 1, 2015

HEALTHCARE: CALPERS COULD OWE OBAMACARE $770 MILLION IN “CADILLAC TAX’ “California government entities and their unions are panicking because Obamacare’s punitive 40% “Cadillac Tax” beginning in 2018 will directly hit the low-deductible and broad-provider network type of “platinum” healthcare coverage that public employees have enjoyed under the California Public Employee Retirement System (CalPERS). With the Cadillac Tax estimated at $770 million, public employees face a radical change to “narrow networks” and up to 1,000 percent increase in annual healthcare deductibles. California public employee unions and CalPERS took a ...

News Briefing for Tuesday, March 31

HEALTHCARE: House Tea Party leader signs up for ObamaCare “One of ObamaCare’s staunchest foes in Congress acknowledged for the first time that he has purchased insurance at HealthCare.gov. “For the record, I am on ObamaCare. Yee-hah!” Rep. Tim Huelskamp (R-Kan.) said during a town-hall meeting on Thursday. “My wife complains about it all the time,” he said, according to the Clay Center Dispatch. The disclosure from the chairman of the House GOP’s Tea Party Caucus comes just days after another firebrand conservative, Sen. Ted Cruz (R-Texas), admitted that he was planning to enroll in insurance through ObamaCare…” http...

News Briefing for Wednesday, March 25

HEALTHCARE: How many will have to pay back Obamacare subsidies? “More Americans will owe the government money for their Obamacare subsidy than won't, says a new analysis. A big upcoming Tax Day question is how many Americans with government-subsidized health insurance will find that they collected more in subsidies than they're qualified for and have to pay some of it back — and how many will find themselves in the opposite position, with the government owing them money. The Kaiser Family Foundation estimates that half of all subsidy-eligible households will be in the first boat, owing the government an average payment of $794. That situat...