33 results for search: scott jackson


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...

News Briefing for Monday, March 23

TEA PARTY PATRIOTS: Cruz to launch White House bid, will tea party go along? (Tea Party Patriots mentioned) “…While tea party leaders still like Cruz, they’re also looking elsewhere for 2016. Retired neurosurgeon Ben Carson, regarded as a new voice and a Washington outsider, has drawn a passionate following, particularly in Iowa. Former Arkansas Gov. Mike Huckabee, who won the 2008 Iowa caucus, retains a loyal conservative following. Walker so far has pulled ahead of everyone, and held a telephone town hall last week with followers of one group, the Tea Party Patriots. Afterward, the group said on its website “there is perhaps no one the ...

News Briefing for Friday, March 13

HEALTHCARE: Congressional Research Service: There's No Magic Pot Of Obamacare Medicaid Expansion Money “A recent report from the Congressional Research Service (CRS) confirms what many policy experts have known for some time: states that reject Obamacare’s Medicaid expansion aren’t sending that Medicaid expansion money to other states. Instead, that money is simply never spent. This revelation is important because numerous governors and state lawmakers from across the country have used this argument to justify their support for expanding Medicaid through Obamacare. However, as CRS succinctly explains, these arguments are entirely frivolo...

News Briefing for Wednesday, March 11

HEALTHCARE: CBO: Obamacare Premiums Will Increase Faster Than Private Plans “Obamacare health insurance premiums will grow faster than either private policies or the federal government in coming years, according to the Congressional Budget Office. In a report released Monday, the CBO issued updated budget projections showing that “premiums for policies sold through the exchanges are expected to increase more rapidly than the underlying trend in spending” between 2016 and 2018. The CBO projects that the average premium for Obamacare policies will increase by 8.5 percent annually in those years, while federal spending is expected to grow by ...

News Briefing for Friday, March 6, 2015

TEA PARTY PATRIOTS: Unions Rally In Support Of ObamaCare Tax Credit (Quote by Kevin Broughton) “Kevin Broughton, the communications director for the Tea Party Patriots, is suspicious that organized labor is paying much of the crowd for their attendance. “The other folks over here, they mind their manners, which you would expect if you were being paid to come out and protest,” Broughton claims. “They either don’t have jobs or their being paid by the SEIU or some of the other folks that have a vested interest in having their neighbors pay for their own health care.” Broughton also contends that their argument is all emotion and that ...

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 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 Tuesday, February 17, 2015

HEALTHCARE: Increased FY 2015 Spending Almost Entirely Due To Obamacare “Federal spending is growing by more than 8 percent for the first quarter of FY 2015, and Obamacare accounts for nearly the entire increase. In a Sunday op-ed for the Washington Times, economist Stephen Moore claims that, “A new Congressional Budget Office report has blown the lid off Obama’s whopper about health coverage,” namely his claim that Obamacare would reduce the budget deficit. “Most components of spending are relatively flat, and national defense outlays … are falling,” Moore notes, but “one area accounts for almost the entire budget blowout: Obamaca...

News Briefing for Monday, February 16, 2015

HEALTHCARE: Obamacare sign-ups hit technical snags on big weekend “The Obama administration says some people trying to sign up for health insurance ahead of a looming deadline are getting snagged by technical difficulties. Administration spokeswoman Katie Hill says some haven’t been able to get their income information electronically verified. That’s crucial because the amount of financial assistance to help pay premiums is based on people’s income. The IRS handles income verification for the HealthCare.gov website. The glitch seemed to be affecting people with new applications. People who previously submitted their income details - but ...

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 ...