Although federal bankruptcy laws supersede state laws, states are allowed to choose whether to apply their own asset exemptions or the federal exemptions. Florida, like most states, opts out of the federal system in favor of it’s own system. The Bankruptcy Court had ruled that a Florida debtor’s vested interest in her corporation’s Keogh plan was not an exempt [...]
Tags: Court Cases
As expected, this morning the Senate passed its healthcare reform bill on a 60-39 strict party line vote. Here’s the line score: Healthcare Reform Act of 2009 – 0% Republicans and 100% Democrats Compare this to the bipartisan “yea” votes of other historic pieces of U.S. legislation: [Sources: I found these vote tallies mostly from official government sources. In [...]
Tags: Legislative Watch
Said Harry Reid to His Little Ben (Nelson) (Sing to the Tune of Do You Hear What I Hear?) Said Harry Reid to his little Ben, do you see what I see? Sign your name in my book, little Ben, do you see what I see? My bill, my bill, writhing in the dark With a tax hike as big [...]
Tags: Satire
Ryan Ellis of Americans for Tax Reform has produced an excellent summary of the tax hikes included in the Senate healthcare plan which is expected to pass tomorrow: Individual Mandate Tax (Page 324/Sec. 1501/$15 bil/Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of [...]
Tags: healthcare reform · Tax Policy
President Obama has famously defined the rich as those making in excess of $250,000 per year. Well, now we find out from the Associated Press that the IRS rarely audits anyone who makes less than $200,000. In other words, the IRS targets the rich: Want to keep IRS auditors away? Keep your earnings under $200,000 [...]
Tags: IRS Audits
Florida congressman Alan Grayson wants to censor the free speech of American citizen Angie Langley because, he claims, she is running a website pretending to be a member of his voting district and saying things that hurt his feelings: Grayson is so angry about a parody website that he wants the attorney general to prosecute its creator and [...]
Tags: Legislative Watch · Politics
“Laws are like sausage. It’s better not to seem them made.” – Otto Von Bismarck – Bismarck was very perceptive. This week we had a U.S. Senator sell his vote for healthcare reform and now we have the Pittsburgh mayor successfully extorting money from University officials. From Fox News: Pittsburgh officials shelved an idea for a first-of-its-kind [...]
Tags: Legislative Watch · Politics · State Taxes
