TAX POLITIX
The Politics of Taxes
Utility Increases Due to Costly Green Energy Projects
My utility provider, Con Edison, recently announced yet another increase in utility prices and many of my neighbors are incensed. According to their website, “New York City residential customers may see an 11% increase in summer bills due to higher delivery charges. For the same reason, Westchester residential customers may see a 12% increase.” This is on top of continuous increases over the past few years. But their anger is misplaced. Instead of blaming Con Ed, they should be outraged...
France Bans Israel
It is simply outrageous that the French government recently banned Israeli exhibitors from participating in a defense industry trade show after pro-Palestinians protested their participation. Nevermind the fact that the show, the Eurosatory, is the biggest international show for land and air-land defense and security held every other year in Paris. As Israel has always been a major military presence, it is a vital contributor, with 74 exhibitors scheduled to attend before the prohibition....
Utility Increases Due to Costly Green Energy Projects
My utility provider, Con Edison, recently announced yet another increase in utility prices and many of my neighbors are incensed. According to their website, “New York City residential customers may see an 11% increase in summer bills due to higher delivery charges. For the same reason, Westchester residential customers may see a 12% increase.” This is on top of continuous increases over the past few years. But their anger is misplaced. Instead of blaming Con Ed, they should be outraged...
The Gender Pay Gap Myth is Still a Fallacy
Phil Gramm and John Early do a great job refuting the persistent concept of a gender pay gap in the Wall Street Journal. Whatever gap exists doesn’t stem from gender discrimination but rather from job choices. The pay gap as published is calculated each year by dividing the average full-time, year-round pay for women by the average full-time, year-round pay for men. But, as the authors point out, “that comparison is misleading because full-time, year-round work is defined so broadly.” ...
Hunter Biden’s “Statute of Limitations”
It has been widely written that the criminal charges against Hunter Biden, with respect to his tax evasion, were severely hampered because the IRS let the statute of limitations lapse. But it is clear to anybody that’s ever worked with the IRS that this is blatant coverup. It’s hard to know exactly what happened, but the fact remains that the IRS never lets the statute of limitations lapse. Indeed, when the IRS has an open case, the most important element of that case, always, is the statute...
Inflation is Still Inflation
President Biden and his cohorts in the White House, have been making the point recently that things are good now that inflation has come way down from its highs. In making these assertions, he is trying to take advantage of what he perceives is the economic ignorance of the American people. Let’s be clear: When the rate of inflation comes down from 9% to 3%, what that means is that instead of prices going up at a 9% annual rate, they are instead going up at a 3% rate. Biden is trying to...
Trade is a Technology
Don Boudreaux is one of the authors of Cafe Hayek, a fantastic, long-running newsletter on economics. If you aren't reading it, you should. Below is his short and marvelous analogy, "Trade is a Technology." I have reproduced it below. "You ask: “What is the shortest best way to prove the case for trade freedom?” I’m afraid that no such proof is possible. Ultimately the decision to support or oppose free trade rests on a value judgment. That free trade is the best, or even an acceptable, policy...
Unveiling Darkness: Rampant Antisemitism Within NYU
“Israel bears full responsibility for this tremendous loss of life…I will not condemn Palestinian resistance.” These are the words of former NYU Law Student Bar Association President Ryna Workman, issued via the association's email list to as many as 2,000 students. The loss of life Workman so callously attributes to Israel was caused by Hamas terrorists who killed approximately 1,300 people and took hundreds more captive; these are conservative estimates. The attack occurred on Simchat Torah...
The White House and Israel Criticism
The White House has taken a fairly strong stand in its support of Israel since the start of the Hamas war, so it is particularly loathsome that it has not done the same with the onslaught of dissent from within the bureaucracy. The Agency for International Development, the State Department, and nearly 40 other agencies with more than 1500 staff members and political appointees have written letters and memos critical of Biden’s position. Of course, civil servants have the right to say what they...
Letter From a Canadian Professor
A Jewish Canadian professor shares anguish over the plight of the people of Israel, but more importantly -- of the students' inabilities to understand and analyze the history and context of the current war. I have reposted it in full, as it is an open letter widely being circulated across social media in the last day or so: "Dear Students, I have spent the last 25 years showing you the beauty of all of the literary, cultural, philosophical, and artistic heights of the human spirit over the...
TAX
Tips
Fix the Debt and Federal Spending
The Fix the Debt Campaign Steering Committee is a bipartisan group of prominent leaders and experts, including luminaries such as Erskine Bowles and Alan Simpson, the co-chairs of the White House Fiscal Commission. The Fix the Debt group put...
IRS HCTT-2016-38: Obamacare and Businesses
Find Out How ACA affects Employers with 50 or More Employees Some of the provisions of the health care law apply only to large employers, which are generally those with 50 or more full-time equivalent employees. These employers are applicable large...
The IRS Scandal Continues: Judge Orders Release Of Target List
We're coming up on three years since the IRS scandal broke in May 2013. Most Americans have certainly forgotten about it, especially since the former head, Lois Lerner, went wholly unpunished. But some targeted groups have not forgotten about it,...
IRS Tax Tip 2016-44: Tax Refund Offsets Pay Unpaid Debts
Tax Refund Offsets Pay Unpaid Debts If you can’t pay your taxes in full, the IRS will work with you. Past due debts like taxes owed, however, can reduce your federal tax refund. The Treasury Offset Program can use all or part of your federal refund...