A strangely popular proposal would give companies a temporary tax holiday, letting corporations "repatriate" their money at an extremely low tax rate, thereby encouraging more corporate tax dodging in the future. You'd think that common sense and strong opposition would be enough to kill a bad policy. Not in Washington, D.C., apparently.
The GOP plan would take us back to the days when insurers could sell junk policies, charge older folks more than they can today and calculate premiums based on a person's health status.
Workers and businesses are linked at the hip, but business has the scalpel to cut that bond. The relationship is, if not a war, then a continuous battle. It is a battle by definition. It only becomes "class warfare" if workers want raises or the government wants to have businesses pay higher taxes.
The first day of a new Congress follows a well-established schedule, from oaths of office to leadership elections and rule changes. Here are ten of the highlights, gathered by POPVOX.
In addition to the quantity of judicial confirmations, Hatch and Gray persist in their bizarre view that it was improper for President Obama to fill longstanding vacancies on the D.C. Circuit, and they complain that rules reform has led to "controversial judges."
Astonishingly, the Republicans have simply taken the provisions of Obamacare and made them temporary -- and called it "reform"! We'll give you fair prices, but only for a little while. We'll require you to sign up for insurance, but only until you back out.
Although CHIP is authorized through 2019, its funding is running out and will virtually disappear by October 2015 unless Congress takes immediate action. If funding is not continued, millions of children would lose health coverage.
Without significant changes, TPP will just be another American factory shuttering, dream shattering trade deal. Of course, the corporations that stand to profit support the current TPP scheme, as they did the other job-destroying trade deals. And so do corporate politicians.
The trajectory of the LGBT movement for equality is accelerating. Typically, this means the opposition will only get shriller and angrier believing that these hysterics will stop the train from running over their indignation and fanatic devotion to chosen verses of their dogma.
Apparently, having a black, Kenyan-born Communist who is both Muslim and a radical Christian in the Oval Office changes the rules of judicial appointments. That is the only conclusion we can reach for key Republican senators have reversed their opinions 180 degrees from what they've stated in the past.
Over the past decades, the United States has established the H1-B visa as the main gate for skilled workers hired by US companies. In order to avoid any abuse, the US Senate went as far as establishing quotas for H1-B visas on an annual basis.
Senator Max Baucus has decreed a minimum 50 years of secrecy for negotiations over revamping the federal tax code. It's not the information itself that must remain under lock and key, but which senator is supporting what massive corporate giveaway -- that's what has to remain secret.
While the reformers are running around trying to get folks excited about tax expenditures (the price), government (the product) is increasingly dysfunctional.
If these senators are true to their word -- that they will build a tax structure based on public input and sensible policy -- this could be a really big opportunity for folks in the housing business that can mobilize public comment.
I've not paid much attention to the latest disturbance in the tax reform force: the zero-based plan by Senators Baucus and Hatch to wipe out all tax expenditures and insist that advocates argue the merits of each one if they want them put back in the tax code.
The Senate bill already makes earning legal status extraordinarily difficult, lengthy, and expensive. What do we have to gain from adding unnecessary obstacles to legalization for families simply trying to come out of the shadows?