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Financial expert: Entitlement spending by 2019 will eclipse tax revenue
The U.S. is experiencing one of the longest economic recoveries since the 1960s and could be teetering on recession, as interest on our debts continue to accrue and as entitlement spending continues to balloon over the next three years. Forbes has the commentary: The weakest recovery in modern history has stretched on for 69 months……
Read MoreReport: Americans in 2016 will pay Uncle Sam more than they’ll spend on clothing, food, housing
The Tax Foundation in its annual report released Wednesday says by April 24 Americans will have earned enough money to pay their taxes for the year and that – collectively – Americans this year will spend more paying Uncle Sam than they will on clothing, food and housing combined. The Washington Examiner lists some…
Read MoreSenator: National debt under President Obama is ‘nothing short of reckless’
Standing at more than $19 trillion, U.S. national debt has nearly doubled during President Obama’s seven years in office – a number that should cause our commander in chief to sound the alarm, not shrug it off. Read Sen. Coats’ comments: In his final State of the Union address earlier this year, President Obama stated…
Read MoreObamacare penalties hitting taxpayer’s wallet
For those who have filed their taxes this year, the cost of Obamacare is hitting home. Newsmax has the story: “While the Affordable Care Act has failed to bend down the cost curve of health insurance, it has increased taxes on families and businesses alike,” [Freedom Partners Chamber of Commerce Senior Policy Advisor Nathan Nascimento]…
Read MoreReport: VA staff falsified time it took for suicidal vet to get care
A Veterans Affairs report alleges staffers at the San Diego VA in 2014 falsified wait times of veterans seeking mental-health care, arguing one veteran even attempted suicide after his doctor cancelled numerous appointments. KPBS has the story: The report released last week said the unnamed veteran’s provider canceled four appointments in a row. The…
Read MoreIRS data: Agency in 2015 rejected tax-exempt-status applications from 57 religious, charitable groups
The Internal Revenue Service in 2015 turned down tax-exempt-status applications from nearly 60 religious and charitable groups, according to recent agency data. Washington Free Beacon has the details: The IRS rejected a total of 67 applications for tax-exempt status in 2015, and religious groups comprised the majority of denials. There were 92,653 total applications…
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