96 results for search: accounting


News Briefing for Wednesday, March 4, 2015

TEA PARTY PATRIOTS: Administration prepares for court showdown over Obamacare subsidies (Quote by Kevin Broughton) Argues law, negative outcomes if offsets reversed “Conservatives like Kevin Broughton, a spokesman for the Tea Party Patriots, said the administration and its Democratic allies have no one to blame but themselves after muscling their overhaul through Congress in 2010. “There has to be a presumption,” he said, “that the words in a statute mean what they say.” http://www.washingtontimes.com/news/2015/mar/2/obama-administration-prepares-for-court-showdown-o/     HEALTHCARE: Dems call for open ...

News Briefing for Tuesday, March 3, 2015

HEALTHCARE: We all win if Supremes gut ObamaCare “…If the high court reins in the subsidies, here’s what’s likely to happen: --People with ObamaCare subsidies will still be helped - No matter how the justices rule, it will have no impact on the poor. Nine out of every 10 people who are newly insured because of ObamaCare are on Medicaid, which will be unaffected. Yes, close to 6 million middle-class Americans get the questionable subsidies and so pay a fraction of their plan’s actual cost, while taxpayers pick up three-quarters of the bill. If the court nixes those subsidies, these people will be facing huge premium hikes — and the ...

News Briefing for Friday, February 27, 2015

TEA PARTY PATRIOTS: MITCH MCCONNELL CAVES (Quote by Jenny Beth Martin) The Senate GOP calls retreat on amnesty. “…And the third reaction? That came from Tea Party Patriots chair Jenny Beth Martin, who said in a statement: Throughout the election cycle Republicans vowed to do everything they could to stop the President's overreach. Now, the Republicans in the Senate under Majority Leader McConnell's guidance are playing games. Today we have learned that Sen. McConnell's plan is to bring a bill to the Senate floor that would fully fund the Department of Homeland Security without defunding executive amnesty! Congress has the "power of the ...

News Briefing for Tuesday, February 24, 2015

TEA PARTY PATRIOTS: Senate Dems block GOP effort to tie DHS funding to Obama immigration actions “The Tea Party Patriots group is suggesting that Senate Republicans are backing down because they fear Americans will blame them for a partial DHS shutdown. “Senate Republicans are about to cave in to President Obama,” the group said Monday. “It’s time … to ratchet up the pressure on wobbly Senators.” A federal district court judge in Texas last week temporarily blocked the administration's plans to carry out an executive action that protects millions of illegal immigrants from deportation.” http://www.foxnews.com/politics/2015/02/24/t...

News Briefing for February 21, 2015

TEA PARTY PATRIOTS: Money running out for Homeland Security Dept. (Quote by Kevin Broughton) “Kevin Broughton, communications director for the Tea Party Patriots, said it was time for Republicans to make good on campaign vows to address Obama’s executive actions. “The point is that Republicans last fall went hard against executive amnesty ...,” he said. “Now is not the time to lose your nerve.” With the fate of the DHS funding bill uncertain, the agency is preparing for a possible partial shutdown. DHS officials said 30,000 employees – about 15 percent of its workforce – might be furloughed. That group would include 5,500 of the ...

News Briefing for Friday, February 20th, 2015

HEALTHCARE: Obamacare's Co-Ops: A Bigger Scandal Than Solyndra? “The decline and bankruptcy of insurance co-ops conceived by Obamacare is being trumpeted as another emblem of the law’s many failures. But the fiasco speaks to a much more parochial flaw that animates progressive PGR -0.15% views on healthcare. The co-ops aren’t dying only because they were hastily constructed, or poorly managed. Their disaster is far more willful and deliberate. They meant to lose money. Last year, the co-ops made a big bet. While private plans were raising their premiums for the second year of Obamacare, the co-ops proposed sharp cuts. Liberal policy makers ...

News Briefing for Wednesday, February 11, 2015

HEALTHCARE: Insured, but Not Covered (From Feb. 7) “WHEN Karen Pineman of Manhattan received notice that her longtime health insurance policy didn’t comply with the Affordable Care Act’s requirements, she gamely set about shopping for a new policy through the public marketplace. After all, she’d supported President Obama and the act as a matter of principle. Ms. Pineman, who is self-employed, accepted that she’d have to pay higher premiums for a plan with a narrower provider network and no out-of-network coverage. She accepted that she’d have to pay out of pocket to see her primary care physician, who didn’t participate. She even ...

News Briefing for Tuesday, February 10, 2015

TEA PARTY PATRIOTS: Great Job So Far, Sen. McConnell. Now Cancel The Recess. “Politicians are flirting dangerously with a deadline for funding a critical government service. A recess looms. Stop me if you’ve heard this one before. Republicans ran hard against executive amnesty for illegal aliens last fall, and were rewarded by voters with historic majorities. Rather than negotiate from a position of strength, GOP leadership opted to fund almost the entire government through Sept. 30, 2015 – in a lame duck session. The Department of Homeland Security was funded only through February 27, which brings us to the current impasse. Democrats – ...

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 ...