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House Judiciary Committee to examine alleged misconduct of Obama’s IRS Commissioner John Koskinen

Members of the House Judiciary committee are scheduled to look over findings of the congressional investigation into President Obama’s IRS Commissioner John Koskinen, who is accused of false testimony; failing to notify Congress key evidence was missing in the scandal that slow-rolled conservative Americans’ tax-exempt-status applications; and, among other things, for failing to comply with a subpoena that would have preserved critical evidence. Forbes has the details: The House Judiciary Committee has scheduled hearings to examine alleged misconduct by IRS Commissioner John Koskinen. On May 24, the House Judiciary Committee will hear the ...

Tea Party Patriots React to House Judiciary Committee Calling Hearings to Examine Misconduct of IRS Commissioner

ATLANTA, Ga – Tea Party Patriots co-founder and CEO Jenny Beth Martin released the following statement today reacting to news the House Judiciary Committee will hold hearings to examine the misconduct of IRS Commissioner John Koskinen.   “On behalf of the Tea Party Patriots, which was targeted by Internal Revenue Service (IRS) agents and has long called for the impeachment of IRS Commissioner John Koskinen, we applaud the House Judiciary Committee for calling hearings into his misconduct but that is the least it could do. Both House and Senate committees investigated the targeting of Americans by the IRS, an issue that hits very close ...

Healthcare expert says some insurers could hike premiums by more than 10 percent

Those signing up for Obamacare are more so the “frequent fliers” than the young, healthy millennials the Obama administration was banking on to keep its disastrous health-insurance scheme afloat. Consequently, health-insurance companies are alleging they need to hike their premiums – some in excess of 10 percent, says one healthcare expert – to make up the difference and offset unexpected costs. The Washington Time has the details: The people signing up for Obamacare so far are sicker than expected, meaning insurers will have to raise rates to cover the costs, in what nonpartisan analysts said amounts to a “market correction.” Even ...

Deloitte executive: ‘A number of carriers need double-digit [premium] increases’ to make up for Obamacare losses

Obamacare is wreaking havoc on the profitability of health-insurance providers, some of whom anticipate double-digit increases to health-insurance premiums to make up for revenue shortfalls. POLITICO has the scoop: Just a week after the nation’s largest insurer, UnitedHealth Group, pulled out of most Obamacare exchanges because it anticipates $650 million in losses this year, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable. “I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees ...

Conservative House caucus recommends ‘flatter, fairer and simpler tax code’

The U.S. tax code – at nearly 75,000 pages in length, according to The Washington Examiner – is exactly the type of bureaucratic web Congress needs to unweave. And, while Americans are bright enough to negotiate the ins and outs of the convoluted system, we shouldn’t have to spend time and resources navigating an agency continually used to target Americans for their political beliefs. Fortunately, the Republican Study Committee in a recent statement called for an overhaul of the wayward agency. “The RSC’s recommendations seek to create a flatter, fairer and simpler tax code. Recommendations include developing a business tax code that is ...

Health-insurance prices expected to surge

Expect Obamacare health-insurance premiums to spike in the coming months as insurers like UnitedHealthcare exit the Obamacare marketplace. The Hill has the story: Many insurers have been losing money on the ObamaCare marketplaces, in part because they set their premiums too low when the plans started in 2014. The companies are now expected to seek substantial price increases. "There are absolutely some carriers that are going to have to come in with some pretty significant price hikes to make up for the underpricing that they did before,” said Sabrina Corlette, a professor at Georgetown University’s Center on Health Insurance Reforms, while ...

House Ways and Means Chairman: We plan to lay out ‘comprehensive blueprint on where we want the tax code to go’

House Ways and Means Committee Chairman Kevin Brady during The Atlantic Summit Wednesday told Bloomberg View columnist Margaret Carlson that his committee is exploring numerous pro-growth tax plans to roll out by the close of 2016. The Daily Caller has the scoop: “What we expect to do is to lay out, later this summer, a comprehensive blueprint on where we want the tax code to go with a number of details,” [Brady] said. ” And also, sort of lay out how we can get there.” The panel has seen a number of proposals varying from flat taxes, consumption taxes to cash-flow taxes in recent months. Brady praised former Chairman Dave Camp, ...

Tax expert: President Obama’s IRS commissioner awarded disgraced IRS exec Lois Lerner thousands in bonuses

Tax expert Robert W. Wood writing for Forbes says disgraced former high-level IRS executive Lois Lerner received thousands of dollars in bonuses in addition to her salary and that the bonuses began thanks to President Obama’s IRS Commissioner John Koskinen, who repeatedly has stonewalled congressional investigation into agency targeting of Americans for their political beliefs. Forbes has the commentary: These bonuses were not small pats on the back. In fact, Lois Lerner received $129,300 in bonuses between 2010 and 2013. As head of the IRS tax-exempt division at the  heart of the targeting scandal, she received a 25% bonus each year—averag...

Editor: U.S. credit will max out when the world ‘loses confidence in the dollars we owe’

A financial historian who has been writing for decades about economics says it's time to stop incurring debt otherwise we will soon find our proverbial credit card has been declined. TIME has the commentary: We owe more than we can easily repay. We spend too much and borrow too much. Worse, we promise too much. We conjure dollar bills by the trillions–pull them right out of thin air. I won’t insist that this can’t go on, because it has. I only say that it will eventually stop. I don’t know the date, but I believe that I know the reason. It will stop when the world loses confidence in the dollars we owe. Come that moment of truth, the ...

Supreme Court divided over challenge to President Obama’s executive-amnesty order

  The Supreme Court this week is divided over a challenge to President Obama executive-amnesty order that would grant work permits to 5 million illegal immigrants. The New York Times has the story: A 4-4 deadlock seemed a real possibility, one that would leave in place an appeals court ruling that blocks the plan and deny Mr. Obama the chance to revive it while he remains in office. A tie vote would set no Supreme Court precedent and therefore would allow a renewed challenge to the plan once the court is back at full strength. Chief Justice John G. Roberts Jr.’s questions were deeply skeptical of the administration’s position. They ...