Even State-Run Media Doesn't Buy Obama Lies on Stimulus Jobs CBS News runs blistering report on Obama's fraudulent claims on stimulus jobs "created or saved," and then listens to an Obama propagandist insist it's all real.
"We're broke. We're in debt. We're in deep doo-doo if the ChiComs ever foreclose on us. They could shut down this country from the Mississippi River all the way to the Left Coast." -- Rush
Liberals Flummoxed by NY-23 The State-Run Media struggles to come to terms with ascendant conservatism. Doug Hoffman is unabashedly embracing Reagan, and he just may win this thing.
Exclusive: Jackie Mason nails '2 professional haters' over NFL brouhaha. World Net Daily Video Commentary. This video first premiered on World Net Daily where Jackie does a weekly video column.
Rush Limbaugh reacted to Speaker Pelosi's outrageous announcement that her government run health care plan was 'deficit neutral." Rush says this liar should go to jail and that Bernie Madoff is small fry compared to the theft going on in Washington today.
A List of All New Taxes in Today's House Version of Obamacare
Employer Mandate Excise Tax (Page 275): If an employer does not pay 72.5 percent of a single employee’s health premium (65 percent of a family employee), the employer must pay an excise tax equal to 8 percent of average wages. Small employers (measured by payroll size) have smaller payroll tax rates of 0 percent (<$500,000), 2 percent ($500,000-$585,000), 4 percent ($585,000-$670,000), and 6 percent ($670,000-$750,000).
Individual Mandate Surtax (Page 296): If an individual fails to obtain qualifying coverage, he must pay an income surtax equal to the lesser of 2.5 percent of modified adjusted gross income (MAGI) or the average premium. MAGI adds back in the foreign earned income exclusion and municipal bond interest.
Medicine Cabinet Tax (Page 324): Non-prescription medications would no longer be able to be purchased from health savings accounts (HSAs), flexible spending accounts (FSAs), or health reimbursement arrangements (HRAs). Insulin excepted.
Cap on FSAs (Page 325): FSAs would face an annual cap of $2500 (currently uncapped).
Increased Additional Tax on Non-Qualified HSA Distributions (Page 326): Non-qualified distributions from HSAs would face an additional tax of 20 percent (current law is 10 percent). This disadvantages HSAs relative to other tax-free accounts (e.g. IRAs, 401(k)s, 529 plans, etc.)
Denial of Tax Deduction for Employer Health Plans Coordinating with Medicare Part D (Page 327): This would further erode private sector participation in delivery of Medicare services.
Surtax on Individuals and Small Businesses (Page 336): Imposes an income surtax of 5.4 percent on MAGI over $500,000 ($1 million married filing jointly). MAGI adds back in the itemized deduction for margin loan interest. This would raise the top marginal tax rate in 2011 from 39.6 percent under current law to 45 percent—a new effective top rate.
Excise Tax on Medical Devices (Page 339): Imposes a new excise tax on medical device manufacturers equal to 2.5 percent of the wholesale price. It excludes retail sales and unspecified medical devices sold to the general public.
Corporate 1099-MISC Information Reporting (Page 344): Requires that 1099-MISC forms be issued to corporations as well as persons for trade or business payments. Current law limits to just persons for small business compliance complexity reasons. Also expands reporting to exchanges of property.
Delay in Worldwide Allocation of Interest (Page 345): Delays for nine years the worldwide allocation of interest, a corporate tax relief provision from the American Jobs Creation Act
Limitation on Tax Treaty Benefits for Certain Payments (Page 346): Increases taxes on U.S. employers with overseas operations looking to avoid double taxation of earnings.
Codification of the “Economic Substance Doctrine” (Page 349): Empowers the IRS to disallow a perfectly legal tax deduction or other tax relief merely because the IRS deems that the motive of the taxpayer was not primarily business-related.
Application of “More Likely Than Not” Rule (Page 357): Publicly-traded partnerships and corporations with annual gross receipts in excess of $100 million have raised standards on penalties. If there is a tax underpayment by these taxpayers, they must be able to prove that the estimated tax paid would have more likely than not been sufficient to cover final tax liability.
The saga continues..... While NFL Commissioner Roger Goodell was calling conservative talk radio host Rush Limbaugh too "divisive" to own a professional football team, rapper Snoop Dogg was appearing in television ads for ESPN's "Sunday NFL Countdown." I guess Goodell and other higher-ups within the league weren't concerned with having a man possessing multiple felony charges against him including murder do commercials for the highly-watched Sunday pre-game show on the nation's leading sports cable network. Maybe Goodell should have looked at Snoop's rap sheet before he derided Limbaugh right out of an ownership position with the St. Louis Rams http://newsbusters.org/blogs/noel-sheppard/2009/10/29/rush-bad-snoop-dog-can-do-ads-espn-nfl-countdown
