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Thursday, October 14, 2010

"Tax Or No Tax" That is the question.

Obama defended the payment as a penalty and not a tax, but the Justice Department has argued that legally, it’s a tax. “Congress should not be permitted to secure and cast politically difficult votes on controversial legislation by deliberately calling something one thing, after which the defenders of that legislation take an “Alice-in-Wonderland” tack and argue in court that Congress really meant something else entirely, thereby circumventing the safeguard that exists to keep their broad power in check,” he wrote.
Vinson ruled that it’s a penalty, not a tax, and must be defended under the Commerce Clause and not Congress’s taxing authority.













Friday, October 8, 2010

Accountability?????

WASHINGTON – A government investigator says 89,000 stimulus payments of $250 each went to people who were either dead or in prison.
The Social Security Administration's inspector general said in a report Thursday that $18 million went to 72,000 people who were dead. The report estimates that a little more than half the payments were returned.
The report said $4.3 million went to a little more than 17,000 prison inmates.
The payments were part of the government's massive economic recovery package enacted in February 2009. Under the law, the $250 payments were sent to about 52 million Social Security recipients and federal retirees.