TBD

TBD on Ning

it's not what they say, it's what they do that tells you who they are...


Republican Party to vote for repeal of U.S. anti-tax dodging law


Reuters


WASHINGTON (Reuters) - The Republican Party is expected to approve a resolution this week, calling for repeal of an Obama administration law that is designed to crack down on offshore tax dodging.

In what would be the party's first appeal to scrap the law -

the Foreign Account Tax Compliance Act (FATCA) - a panel was slated to vote at the Republican National Committee's (RNC) winter meetings in Washington, likely approving the resolution on Friday, according to party members driving the repeal effort.

If adopted, the anti-FATCA resolution would reflect the party's political priorities for the time being but would not change its presidential campaign platform, according to the RNC.

Approved in 2010 after a tax-avoidance scandal involving a Swiss bank, FATCA requires most foreign banks and investment funds to report to the U.S. Internal Revenue Service information about U.S. customers' accounts worth $50,000 or more.

Criticized by banks, libertarians and some Americans living abroad as a costly and unneeded government overreach, FATCA is on the books, but its effective date has been delayed repeatedly, with enforcement now set to start on July 1.

Repeal seems unlikely, but more political heat from Republicans could further complicate and delay implementation, said financial industry lobbyists.

Moreover, Republicans are eager to use FATCA as a campaign and fundraising issue against Democrats ahead of the congressional mid-term elections in November, RNC members said.

"I see FATCA just like Obamacare," said Solomon Yue, an RNC official from Oregon who is leading the party's FATCA repeal effort. "It will attract American overseas donors."

Defending the law, Treasury Department spokeswoman Erin Donar said in a statement: "FATCA continues to gain momentum and international support as we work with partners around the world to fight offshore tax evasion."

Republican Senator Rand Paul last year introduced legislation to repeal parts of FATCA, citing privacy concerns.

Daniel Mitchell, a senior fellow at the Cato Institute, a libertarian think tank, said: "It's hard to imagine an issue this obscure playing a visible role in elections ... It is making overseas Americans far more sympathetic to (Republicans) and could have an impact on fundraising."

(Reporting by Patrick Temple-West; Editing by Kevin Drawbaugh and Ken Wills)

Views: 95

Replies to This Discussion

"Those who seek absolute power, even though they seek it to do what they regard as good, are simply demanding the right to enforce their own version of heaven on earth. And let me remind you, they are the very ones who always create the most hellish tyrannies. Absolute power does corrupt, and those who seek it must be suspect and must be opposed. Their mistaken course stems from false notions of equality, ladies and gentlemen. Equality, rightly understood, as our founding fathers understood it, leads to liberty and to the emancipation of creative differences. Wrongly understood, as it has been so tragically in our time, it leads first to conformity and then to despotism."

                    Barry Goldwater

and by the way, on a plus note, the north carolina ultrasound law has been found unconstitutional...

Arizona GOP censures McCain for 'liberal' record

Associated Press

FILE - In this Nov. 13, 2013 file photo, Sen. John McCain, R-Ariz. speaks on Capitol Hill in Washington. A group of Arizona Republicans are seeking to pass a resolution censuring U.S. Sen. John McCain for a voting record they say is more aligned with liberal Democrats. The group plans to introduce the resolution at the Arizona Republican Party's state meeting Saturday Jan. 25, 2014. (AP Photo/Carolyn Kaster, File)

PHOENIX (AP) — The Arizona Republican Party formally censured Sen. John McCain on Saturday, citing a voting record they say is insufficiently conservative.

The resolution to censure McCain was approved by a voice-vote during a meeting of state committee members in Tempe, state party spokesman Tim Sifert said. It needed signatures from at least 20 percent of state committee members to reach the floor for debate.

Sifert said no further action was expected.

McCain spokesman Brian Rogers declined to comment on the censure. But former three-term Sen. Jon Kyl told The Arizona Republic (http://bit.ly/1mIyKyy ) that the move was "wacky."

"I've gone to dozens of these meetings and every now and then some wacky resolution gets passed," Kyl told the newspaper on Saturday. "But most people realize it does not represent the majority of the vast numbers of Republicans."

Kyl also said McCain's voting record was "very conservative."

McCain isn't up for re-election until 2016, when will turn 80. He announced in October that he was considering running for a sixth term.

According to the resolution, the 2008 Republican presidential nominee has campaigned as a conservative but has lent his support to issues "associated with liberal Democrats," such as immigration reform and funding the federal health care law.

http://news.yahoo.com/arizona-gop-censures-mccain-39-liberal-39-rec...

ACLU alleges comically unconstitutional religious harassment in rural Louisiana school

The Daily Caller

ACLU alleges comically unconstitutional religious harassment in rural Louisiana school

The American Civil Liberties Union and the ACLU of Louisiana filed a lawsuit this week against a public school district in rural western Louisiana contending that school officials and at least one teacher harassed a Buddhist sixth-grade student for not adhering to Christianity.

The ACLU filed the suit against the Sabine Parish school board in U.S. District Court in Shreveport on behalf of parents Scott and Sharon Lane, reports local CBS affiliate KSLA. One of the Lanes’ children, called “C.C.” in the suit, is a Buddhist of Thai descent.

The parents claim that school officials began harassing him about his religious beliefs almost immediately after he showed up at Negreet High School.

“This particular child he had to leave that school because he was subject to repeated harassment,” said the ACLU of Louisiana’s executive director, Marjorie Esman, according to the station.

The ACLU lawsuit alleges comically unconstitutional actions on the part of teachers and administrators.

For example, explains ArkLaTexhomepage.com, the suit claims that science teacher Rita Roark routinely includes fill-in-the-blank questions on her tests such as “ISN’T IT AMAZING WHAT THE _____________ HAS MADE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!”

The ACLU claims that the credited answer for the question is the word “LORD.” When the Buddhist student didn’t input that answer, Roark allegedly made fun of him in front of the entire class.

The suit says Roark also called Buddhism “stupid” in a comparative religions segment.

In addition, the suit asserts, Roark told students that the Bible is completely factual, that God created the earth about 6,000 years ago and that evolution is not possible.

Beyond Roark’s classroom, the ACLU lawsuit accuses the school of regularly having Christian prayer in school and featuring all manner of Christian representations including a portrait of Jesus Christ and Bible verses that school on an electric marquee at the school’s main entrance.

The suit claims that the boy’s parents noted their objections to these overt Christian messages. Sabine Parish superintendent Sara Ebarb allegedly responded by suggesting that the kid either “change” his religious beliefs or enroll in a school some 25 miles down the road where “there are more Asians,” according to ArkLaTexhomepage.com.

The school district has released a statement in response to the ACLU suit, notes KLSA.

“The Sabine Parish School Board has only recently been made aware of the lawsuit filed by the ACLU,” the statement reads in part. “A lawsuit only represents one side’s allegations, and the board is disappointed that the ACLU chose to file suit without even contacting it regarding the facts.”

The statement goes on to say that the school district “recognizes the rights of all students to exercise the religion of their choice and will defend the lawsuit vigorously.”

They probably meant, “recognizes the rights of all students to exercise the religion of their choice and will defend the lawsuit religiously.” 

Good one LOL ...

It means that an intelligent person who does stupid things is still stupid. You are what you do.

Another variation is "beauty is as beauty does" or "ugly is as ugly does".
"are you stupid or something?"
"stupid is as stupid does"

I suppose Forest Gump does serve as a role model as to a guide to suffering consequences and dealing with what you are dealt.

What we have here is what sells, which includes stupidity and acting stupid to get attention and to attain notoriety and celebrityhood above all else, such is the coin of politics and politicians today,

what is not prized, or seemingly reward, is to have commonsense enough to deal with it, being or acting stupid.  Nor of course does it apply only to politicians, it can happen to 19 year old, Canadian boy singer, or an over 50, ex-governor and presidential candidate addressing women's libidos.

forest gump was a fricking rocket scientist compared to some of these clowns.

Scholar: Rand Paul misstated my research on unemployment

  • print
Rand Paul

Sen. Rand Paul (R-Ky.): Wrong on unemployment benefits? (J. Scott Applewhite/Associated Press / January 7, 2014)

Under normal circumstances, an up-and-coming academic might be pleased to have his work cited by a leading politician in the heat of a major policy debate.

Not so Rand Ghayad, who will shortly be receiving his Ph.D. in economics from Northeastern University, and whose research on unemployment was cited admiringly by Sen. Rand Paul (R-Ky.) in a recent essay about why extending unemployment insurance is a bad thing.

The problem, Ghayad wrote in a piece for the Atlantic, is that his research implies just the opposite. Ghayad's research indicates that employers discriminate against the long-term unemployed. That's the part of his work that Paul picked up on. The phenomenon, in fact, is pretty widely acknowledged.

But Ghayad says Paul's wrong to attribute to his work the further conclusion that the provision of unemployment benefits for longer periods explains the persistence of unemployment, especially long-term unemployment. "Just because companies discriminate against the long-term unemployed doesn't mean long-term benefits are to blame," Ghayad wrote in the Atlantic. "Paul might know that if he read beyond the first line of my paper's abstract."

The first line of the abstract reads, "Many analyses (point) to extended unemployment benefits as a reason" for persistent unemployment." The second line reads: "However, other explanations have also been proposed for this shift, including worsening structural unemployment."

The dispute is important because the idea that unemployment benefits foster unemployment is a key argument raised by conservatives against the extension of the benefits. The Senate approved a three-month extension Tuesday for 1.3 million Americans whose benefits ran out on New Year's Eve. But the extension faces stiff opposition in the GOP-controlled House.

In his essay, Paul doesn't cite any evidence for the notion that unemployment benefits encourage joblessness. In fact, he's expressed that viewpoint so often that he doesn't even mention it explicitly in the piece, beyond a generalized swipe at "well-intentioned, big-hearted, but small-brained responses to real problems." It's treated as a given.

But Ghayad's paper, written for the Federal Reserve Bank of Boston, finds that "a significant portion" of persistent unemployment (the technical topic of the research is the Beveridge curve, which tracks the relationship between job openings and unemployment) has occurred in recent years among new entrants to the work force and "unemployed re-entrants"--that is, people not eligible for any unemployment benefits at all. Possibly half the trend can be attributed to the "disincentive effects of unemployment benefit programs," Ghayad writes.

His conclusion is that "the increase in the unemployment rate relative to job openings will persist when unemployment benefit programs expire."

There is politics and then there are economics, and jobs are a part of both.

The politics of jobs is not just a matter of passing a law, the economy has to generate and sustain jobs.  What UI is income allocation and subsidizing whatever status the individual is in and what qualifications there are to benefits.

The idea of UI was to provide a bridge to cover a lapse in employment it was never intended to subsidize unemployment which is where we are.

Long-term and age discrimination is not solved by UI and as Rand puts it, only extends and prolongs the problem.  And as pointed out, the only way UI covers you is that at some point you had a job, which excludes a lot of youth that never entered the work force or another words had a job to begin with.

We have a real problem here, one even with the recovery is not getting better which is the challenge, and one where we don't seem to have any good and viable ideas that actually make progress in growing the economy, balance income inequality and providing opportunity, of which the gravity of Planet Hillary probably won't solve either.

an interesting little sidelight that no one is addressing about unemployed people is contained in the fact that many employee recruiting agencies and employment agencies have been given instructions by the companies seeking to hire that the agencies are not to send any unemployed people to apply for the positions, only those currently working. this then translates to 'no soup for you' for most people looking for employment.

The ones we are talking about I don't believe are acting stupid to get attention and  attain notoriety and celebrityhood above all else", I think they are just religious and think they speak for God.  What they say is so stupid I have to believe they just are dumb.  Which does explain why they actually believe in some religions.

RSS

Badge

Loading…

© 2024   Created by Aggie.   Powered by

Badges  |  Report an Issue  |  Terms of Service