Category Archives: Economy

ORWELLIAN: Companies Must SWEAR Obamacare Not A Factor In Firings Or Face Consequences

Link: Obama officials made clear in a press briefing that firms would not be allowed to lay off workers to get into the preferred class of those businesses with 50 to 99 employees. How will the feds know what employers were thinking when hiring and firing? Simple. Firms will be required to certify to the IRS – under penalty of perjury – that ObamaCare was not a motivating factor in their staffing decisions. To avoid ObamaCare costs you must swear that you are not trying to avoid ObamaCare costs. You can duck the law, but only if you promise not to say so.

Bank Lobbyists Want To Raise Taxes On 96 Million Americans

Link: As Congress debates an overhaul of the tax code, it is considering implementing new taxes that will have a dramatic impact on the middle class and effectively raise taxes on about 96 million people. This blanket-style review of the tax code would end the tax-exempt status for nonprofit credit unions, which would jeopardize tens of thousands of jobs and stifle economic growth.

Dark Wallet Will Make Bitcoin Accessible for All—Except the Feds

Link: Bitcoin, the digital currency once known for powering the black market of the deep web, has officially caught the attention of the proverbial Man. The US government is working to regulate and control the crytocurrency; law enforcement is confiscating millions of virtual coins used for illegal transactions; and venture capitalists and entrepreneurs are chomping at the bit to profit from the hype.

Obamacare’s ‘Cool Calculator,’ Part 2: The ‘Wedding Tax’

Link: When combined with Uncle Sam’s current income and payroll tax regimes, the gradual expiration as income increases of Obamacare’s “tax credits” will raise the portion of income taken by the government for each additional dollar of earnings to between one-third and one-half, effectively taxing most American workers at marginal rates usually limited to the planet’s highest income earners.