Cuba To Begin Drilling Off Florida Coast Next Year
So, would you rather allow the U.S. to reap the benefits, including jobs and profits, or the Cubans?
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The head of the Consumer Financial Protection Bureau is one of the most powerful bureaucratic positions ever created in the American political system. It can regulate or ban almost every consumer credit product in the country, yet it is beyond Congress's power of the purse because its budget is guaranteed as a percentage of the Fed's annual revenues. Under normal circumstances, the Senate would have the opportunity to ask Ms. Warren to explain the way in which she has sometimes interpreted data in her research before entrusting her with control of the agency.
Except of course, that this was not "unintended." As we all know, Obama has intended for everything he has produced thus far. Karl Marx would be proud...
Last week, a senior McDonald's official informed the Department of Health and Human Services that the restaurant chain's insurer won't meet a 2011 requirement to spend at least 80% to 85% of its premium revenue on medical care.
McDonald's and trade groups say the percentage, called a medical loss ratio, is unrealistic for mini-med plans because of high administrative costs owing to frequent worker turnover, combined with relatively low spending on claims.
...McDonald's move is the latest indication of possible unintended consequences from the health overhaul.
For the sake of comparison, let's look at the Pelosi-Reid fiscal record over 10 years. In January 2007, the CBO projected a $379 billion surplus over the next decade. Now, after four years under Mrs. Pelosi and Mr. Reid, and two years of Mr. Obama in the White House, the 2007-2016 projection is a deficit of $7.16 trillion.
Today the average postal worker makes $83,000 a year in wages and benefits, roughly 50% above the average compensation for private workers, according to federal wage data. Those benefits are already so generous the post office could save $560 million a year if the mailman paid the same 28% share of employee health premiums that other federal employees pay, which is still below the norm in the private economy. Normally when a company is losing $16 billion a year in revenues, unions see the need for concessions.
In a recent blog entry for the Washington Post, Mr. Stern called for a law that would allow American multinational corporations to bring home, at a temporary low tax rate, a half-trillion dollars in overseas profits. Under the current tax code, these profits would be taxed at 35%, minus the amount already taxed by the government of the foreign country where the profits were earned. Corporations seek to avoid this double taxation, of course, so they keep their money parked outside the U.S.To Obama, however, common sense is irrelevant. It's about punishing companies he views as unfair and evil.
...With just a stroke of a pen, Congress and the president could change the tax code to temporarily eliminate this double taxation. Doing so would result in $30 billion flowing into the U.S. Treasury, plus $470 billion becoming available for U.S. corporations to distribute to investors as dividends, to workers as jobs and wages, and to other businesses through capital investments and inventory restocking.
That's what happened in 2004, when the tax rate on unrepatriated profits was reduced for a short period. Allen Sinai of Decision Economics Inc. estimates that of the $360 billion that was repatriated, 25% was used for U.S. capital investment, 23% for hiring and training U.S. employees, and 14% for U.S.-based research and development. Mr. Sinai estimates that such a tax reduction today would have an equally large impact, generating more than 600,000 jobs in 2011. It's hard to imagine a more effective stimulus, especially since it would cost taxpayers nothing.
For Republicans, the most important question leading into November is not how many seats we might gain, but what will we do if we gain them. Having lived through the rise and fall of the 1994 Republican Revolution I'm convinced that if the Republican Party does not reform itself this time, it will die. It will no longer exist and I won't be a part of it.
The Justice Department said in a statement that its investigation "pertains to allegations of discrimination in jails and police practices that are not covered by the Marshals Service review."
I don't want to be a party by helping Tim to in effect, help reelect one of the most liberal governors in the country, and that's Governor Patrick.
President Barack Obama's administration has an "anti-business" bias which manifests itself through intimidation, trade, taxes and regulation, Welch also said.
I didn't take advantage of the system. The system took advantage of me.
Barney Frank beginning to get nervous? Frank certainly knows that Scott Brown won his 4th district. Could Sean Bielat be the one who dethrones Frank? Frank, in looking for his 17th term as US congressman has shown signs of cracking. One sign of desperation: he's asking Bill Clinton to come to his district to campaign for him.
At least he's smart enough not to seek Obama's help. That would probably be the nail in the coffin.
"There will be zero tolerance for this type of misinformation and unjustified rate increases," Ms. Sebelius wrote. "We will not stand idly by as insurers blame their premium hikes and increased profits on the requirement that they provide consumers with basic protections."
The Cuban model doesn't even work for us anymore.
Health insurers say they plan to raise premiums for some Americans as a direct result of the health overhaul in coming weeks, complicating Democrats' efforts to trumpet their signature achievement before the midterm elections.
...These and other insurers say Congress's landmark refashioning of U.S. health coverage, which passed in March after a brutal fight, is causing them to pass on more costs to consumers than Democrats predicted.
...Many carriers also are seeking additional rate increases that they say they need to cover rising medical costs. As a result, some consumers could face total premium increases of more than 20%.
"It''s a free country. I wish it weren't."
As David Boaz explained in the Examiner, it was a ”highly inappropriate” thing to do, pushing people who are supposed to serve all Americans to support one side of a “political debate.” But that’s just the most obvious problem with Duncan’s weekend doings.
Perhaps just as troubling as his rally-prodding is that Duncan declared education “the civil rights issue of our generation” at Sharpton’s event. This only about a year after helping to kill an education program widely supported by many of the people he and Sharpton insist they want to empower. I’m talking, of course, about Washington, DC’s, Opportunity Scholarship Program, a voucher program that was proven effective. But the heck with success — Duncan and President Obama let the union-hated program die.