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The IRS wants to tax your frequent flyer miles and hotel points

Posted by: Phineas on May 27, 2014 at 2:15 pm » 2 Comments

**Posted by Phineas It’s as if the agency was worried it wasn’t hated enough. Writing at Reason, Ira Stoll reports that the Internal Revenue Service is looking at taxing rewards points offered by airlines and hotel chains: Just in time for your summer vacation, the IRS is getting ready to toughen the tax treatment on […]

 

The racist origins of the minimum wage

Posted by: Phineas on May 20, 2014 at 5:55 pm » 3 Comments

**Posted by Phineas I came across an interesting blog post from a few weeks ago while trolling the news this morning for something interesting. Now, we all know about the racist history of the Democratic Party: the defense of slavery, even inciting a civil war to preserve it; the creation of terrorist organizations, such as […]

 

Obama to high-dollar donors: Americans are “better off” since I was elected

Posted by: ST on May 20, 2014 at 11:28 am » 5 Comments

Oh really? President Obama said Americans were “better off now than when I came into office,” during a fundraiser Monday night outside of Washington. Obama also slammed congressional Republicans for their focus on the terror attack in Benghazi and the implementation of ObamaCare. The president told attendees at the high-dollar soiree in Potomac, Maryland that […]

 

Part time and temporary jobs are rising in the age of #Obamanomics

Posted by: ST on May 20, 2014 at 9:32 am » 1 Comment

What a surprise. Via the AP: WASHINGTON (AP) — While the U.S. economy has improved since the Great Recession ended five years ago, part-time and “contract” workers are filling many of the new jobs. Contract workers made up less than half of one percent of all U.S. employment in the 1980s but now account for […]

 

Obama’s economic recovery: the chart tells the story

Posted by: Phineas on May 4, 2014 at 3:59 pm » 5 Comments

**Posted by Phineas Power Line presents three charts that show what a failure Obama’s statist economic policies have been. Here’s the one that really struck me: (Click here for the full-sized version.) This chart from the US Senate Budget Committee compares the trend in the labor force participation rate, roughly the percentage of the working age […]

 

Reuters in shill mode for #Obamacare, declares it “saved” the US economy

Posted by: ST on May 1, 2014 at 12:54 pm » 2 Comments

You really can’t make this stuff up – oh  yeah, you can. If you’re Reuters (via Memeorandum): WASHINGTON, April 30 (Reuters) – As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. Healthcare spending increased at its fastest pace in more than three decades. That surge is attributed […]

 

Fleeing California: Toyota takes its business (and its jobs) to Texas

Posted by: Phineas on April 28, 2014 at 6:38 pm » 5 Comments

**Posted by Phineas Oh, man, this is just a gut punch to the Southern California economy: Toyota Motor Corp. plans to move large numbers of jobs from its sales and marketing headquarters in Torrance to suburban Dallas, according to a person familiar with the automaker’s plans. The move, creating a new North American headquarters, would […]

 

Detecting life in the CA economy, state senate moves to kill it

Posted by: Phineas on April 26, 2014 at 8:22 pm » 1 Comment

**Posted by Phineas Well, at least California’s legislative Democrats are consistent: if it works, regulate it, and if it makes money, tax it. In the latest example, Senator Noreen Evans (D-Santa Rosa) has authored a bill to slap a nearly ten-percent tax on oil extraction: The Senate Education Committee voted 5-2 — the minimum number […]

 

Report: Problematic, tax cheating IRS employees received bonuses, PTO

Posted by: ST on April 23, 2014 at 10:41 am » 1 Comment

Via Fox News: IRS employees who had been disciplined for tax and conduct issues were nonetheless rewarded with monetary awards or time off, according to a watchdog report released Tuesday. The report by the Treasury Inspector General for Tax Administration found that while for the most part the reward program for IRS workers complied with federal […]

 

Tweet of the Day: @JoshRomney zings @SenatorReid on #TaxDay

Posted by: ST on April 15, 2014 at 6:31 pm » 3 Comments

I love it! Hey @SenatorReid here's a shot of @MittRomney paying taxes. Does it every year. It's how you get your paycheck. pic.twitter.com/DwSMXzYhuR — Josh Romney (@joshromney) April 15, 2014 Now THAT is how it’s done, y’all.