Tax Insanity

Forest Laboratories is going to great lengths to avoid paying US income taxes - legally. I suspect that many people that read this article will be out-raged at the lengths this company is going to and the cost of the lost taxes on the federal budget. My takeaway is somewhat different. The fact that a company would incur such complexity and cost to avoid taxes (and the fact that the tax code is complex enough to allow these loopholes) tells me we are over taxing business. Just think of all the creative energy and money that we could save by lowering taxes and reducing the complexity of the tax code...business could increase investment, cut prices, improve efficiency, and/or hire more workers. All of which are better for the economy and the federal budget in the long-term than simply collecting that money in the form of taxes....think about it.

FOXNews.com - Senate Passes Financial Overhaul Bill

FOXNews.com - Senate Passes Financial Overhaul Bill

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Immigration Debate - You gotta hear this

I don't think anyone could have said it better! Watch it now.

FOXNews.com - Top Official Says Feds May Not Process Illegals Referred From Arizona

The Arizona immigration law is definitely getting lots of media attention (though if you look at the percentage of Americans that believe it is the right thing to do you could hardly call it divisive). Apparently though Homeland Security's ICE (Immigration and Customs Enforcement) is now saying they will not necessarily enforce the law by accepting people arrested under this Arizona law.

The whole point behind the Arizona law is that illegal immigration is costing the state a huge amount of money and the federal government is policing the immigration laws very poorly (read "basically not at all"). Now the federal agency charged with enforcing this law is saying they won't do anything even if the state does all the investigation and hands the illegals over to them. This is nuts! Only in government would you be able to get away with that kind of attitude and still have a job. We need to change the leadership of this nation to get idiots like the ones running ICE out of there. What they heck is the point of a law that will not be enforced?

FOXNews.com - Senators Press for National Guard Troops on Border

The need to get troops to the border to stem the overflow of violence from Mexico is apparently lost in inter-agency hell at the moment. The Pentagon, White House, and Dept. of Homeland Security cannot seem to get together and agree. This is just another example of the government being unable to operate efficiently - and we just handed health care over to them. This time it actually endangers American citizens' lives.

FOXNews.com - SKorea accuses North in deadly torpedo attack on warship; Pyongyang warns of war

FOXNews.com - SKorea accuses North in deadly torpedo attack on warship; Pyongyang warns of war

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North Korea is at it again...making lots of threats - only this time it all started with them actually torpedoing a ship. This has the potential to get interesting...

FOXNews.com - EU Creates $1 Trillion Package to Save Euro

FOXNews.com - EU Creates $1 Trillion Package to Save Euro

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The Latest Govt Program - Cash for Caulkers?

The federal government may end up passing a huge rebate program for home energy efficiency improvements. The program could cost up to $6 billion...the good news they are at least planning on spending unspent stimulus money on this and not appropriating new funds.

The Cost of Federal Incompetence

The federal government is charged with enforcing immigration laws, but apparently they are so bad at it that taxpayers have to pay up....

FOXNews.com - Ice Crystals Cause Problems Inside Oil Box

FOXNews.com - Ice Crystals Cause Problems Inside Oil Box

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Greece is in Turmoil

Greece is saw widespread day long riots - some violent - in response to the governments actions to secure a loan from the EU. Greece was forced to do widespread cuts in spending and raise some taxes in order to secure the needed loans to repay maturing debt. The major question is how long before other EU nations are in the same situation?

Stimulus Architect Obey Retires

Supporter, A sign the momentum is building...Democrat Chairman of the House Appropriations Committee, David Obey, just announced he will not seek reelection - he has been in Congress since 1969. This is more than a symbolic retirement - the Architect of the Failed Stimulus has decided he cannot justify his votes in Congress to a district that has elected him for over 40 years. You made this happen. Your support of the NRCC has out-of-touch Democrats scrambling or choosing to retire, rather than face the electorate this fall. Your support of the NRCC continues to allow us to run ads like these - sending the message to Democrats there time is almost up. We cannot let up. This is a sign that our goal of Retiring Nancy Pelosi is within our grasp, but we still have two special elections and six months until election day. However, your support is reaping results today. Thank you for your support of the NRCC as every dollar you donate goes towards defeating Democrats...or encouraging them to retire Thank you Guy Harrison NRCC Executive Director P.S. Rep. Obey's retirement proves that, thanks to Nancy Pelosi's radical agenda, no Democrat is safe this fall. Democrats who have marched in lockstep with the Speaker are finding their reelection chances fading. Your continued support is critical to ensure we keep the pressure on Democrats through November. Unsubscribe Paid for by the National Republican Congressional Committee and not authorized by any candidate or candidate's committee. www.nrcc.org 320 First Street SE | Washington, DC 20003 Contributions to the National Republican Congressional Committee are not tax-deductible for Federal income tax purposes. Contributions are subject to Federal contribution limits.

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Is PA after you?

The State of Pennsylvania may be after you....

Democrats Have Outstayed Their Welcome

I don't think anyone would be surprised to hear the prediction that Republicans will show big wins in this year's mid-term elections. It is possible they could retake the House. As a point of personal embarrassment though it seems the Senate seats held by Obama and Biden before their win in 2008 may go Republican this year.