Wednesday, July 21, 2010

Health Care's Dirty Little Secrets

Dirty little secrets keep emerging from the belly of the beast, otherwise know as the Obama health care bill, imposed by Democrats on the American people.

And here's another one today as reported by ABC News:

Starting Jan. 1, 2012, Form 1099s will become a means of reporting to the Internal Revenue Service the purchases of all goods and services by small businesses and self-employed people that exceed $600 during a calendar year. Precious metals such as coins and bullion fall into this category and coin dealers have been among those most rankled by the change.

This provision, intended to mine what the IRS deems a vast reservoir of uncollected income tax, was included in the health care legislation ostensibly as a way to pay for it. The tax code tweak is expected to raise $17 billion over the next 10 years, according to the Joint Committee on Taxation.

Taking an early and vociferous role in opposing the measure is the precious metal and coin industry...

Pat Heller, who owns Liberty Coin Service in Lansing, Mich., deals with around 1,000 customers every week. Many are individuals looking to protect wealth in an uncertain economy, he said, while others are dealers like him.

With spot market prices for gold at nearly $1,200 an ounce, Heller estimates that he'll be filling out between 10,000 and 20,000 tax forms per year after the new law takes effect.

"I'll have to hire two full-time people just to track all this stuff, which cuts into my profitability," he said.


Republican Representative Dan Lungren has introduced legislation to repeal this section of the health care bill recognizing it will place a significant burden on the small businesses who are the job creators of our economy. However with entrenched Democrat control in place it will prove impossible to pass.

Which brings up November.

Unless we make real changes in those elected to lead, at both the national and state level, we will certainly face unprecedented economic disaster.

Real change begins on November 2. If you haven't engaged in the process of electing principled conservatives to office this should motivate you.

Thursday, July 8, 2010

For Democrats Desperate Times Call For Desperate Measures

Obama-Pelosi Plan A Lame Duck Strategy Of Union 'Card-Check,' Cap And Trade, And So Much More.

By JOHN FUND

Democratic House members are so worried about the fall elections they're leaving Washington on July 30, a full week earlier than normal—and they won't return until mid-September. Members gulped when National Journal's Charlie Cook, the Beltway's leading political handicapper, predicted last month "the House is gone," meaning a GOP takeover. He thinks Democrats will hold the Senate, but with a significantly reduced majority.

The rush to recess gives Democrats little time to pass any major laws. That's why there have been signs in recent weeks that party leaders are planning an ambitious, lame-duck session to muscle through bills in December they don't want to defend before November. Retiring or defeated members of Congress would then be able to vote for sweeping legislation without any fear of voter retaliation.

"I've got lots of things I want to do" in a lame duck, Sen. Jay Rockefeller (D., W. Va.) told reporters in mid June. North Dakota's Kent Conrad, chairman of the Senate Budget Committee, wants a lame-duck session to act on the recommendations of President Obama's deficit commission, which is due to report on Dec. 1. "It could be a huge deal," he told Roll Call last month. "We could get the country on a sound long-term fiscal path." By which he undoubtedly means new taxes in exchange for extending some, but not all, of the Bush-era tax reductions that will expire at the end of the year.

In the House, Arizona Rep. Raul Grijalva, co-chairman of the Congressional Progressive Caucus, told reporters last month that for bills like "card check"—the measure to curb secret-ballot union elections—"the lame duck would be the last chance, quite honestly, for the foreseeable future."

Iowa Sen. Tom Harkin, chair of the Senate committee overseeing labor issues, told the Bill Press radio show in June that "to those who think [card check] is dead, I say think again." He told Mr. Press "we're still trying to maneuver" a way to pass some parts of the bill before the next Congress is sworn in.

Other lame-duck possibilities? Senate ratification of the New Start nuclear treaty, a federally mandated universal voter registration system to override state laws, and a budget resolution to lock in increased agency spending.

Then there is pork. A Senate aide told me that "some of the biggest porkers on both sides of the aisle are leaving office this year, and a lame-duck session would be their last hurrah for spending." Likely suspects include key members of the Senate Appropriations Committee, Congress's "favor factory," such as Pennsylvania Democrat Arlen Specter and Utah Republican Bob Bennett.

Conservative groups such as FreedomWorks are alarmed at the potential damage, and they are demanding that everyone in Congress pledge not to take up substantive legislation in a post-election session. "Members of Congress are supposed to represent their constituents, not override them like sore losers in a lame-duck session," Rep. Tom Price, head of the Republican Study Committee, told me.

It's been almost 30 years since anything remotely contentious was handled in a lame-duck session, but that doesn't faze Democrats who have jammed through ObamaCare and are determined to bring the financial system under greater federal control.

Mike Allen of Politico.com reports one reason President Obama failed to mention climate change legislation during his recent, Oval Office speech on the Gulf oil spill was that he wants to pass a modest energy bill this summer, then add carbon taxes or regulations in a conference committee with the House, most likely during a lame-duck session.

The result would be a climate bill vastly more ambitious, and costly for American consumers and taxpayers, than moderate "Blue Dogs" in the House would support on the campaign trail. "We have a lot of wiggle room in conference," a House Democratic aide told the trade publication Environment & Energy Daily last month.

Many Democrats insist there will be no dramatic lame-duck agenda. But a few months ago they also insisted the extraordinary maneuvers used to pass health care wouldn't be used. Desperate times may be seen as calling for desperate measures, and this November the election results may well make Democrats desperate.

Friday, July 2, 2010

Freedom From Government Monopoly

This week the Save Our Jobs Coalition submitted more than 340,000 signatures to place I-1082 on the fall ballot. That initiative would move this state away from a government monopoly on workers’ comp by allowing private insurance companies to offer competing coverage.

Contrary to what some may believe, I-1082 does not privatize the current system. Instead, it adds a private option so that employers have choice – without reducing benefits to injured workers. Money saved through better administration and reduced premiums will help employers provide more jobs in this tenuous economy.

This holiday weekend, when you are celebrating American independence, remember that this may be the year employers and employees can declare freedom from a government-run insurance monopoly.

For more information about I-1082 or to contribute to the campaign, visit http://http://www.saveourjobswa.com./

Posted by thefarmstand.org