American Retirement Under Siege By Federal Budget Circus
401(k) deductions are under attack and tax advantages of inherited IRAs are being eliminated, while retirees move to Ecuador to escape outrageous expenses. Continue reading →
401(k) deductions are under attack and tax advantages of inherited IRAs are being eliminated, while retirees move to Ecuador to escape outrageous expenses. Continue reading →
"Millions of Obamacare customers who do not qualify for financial aid to lower the cost of their health insurance — or who opt not to apply for such assistance — pay the full cost of coverage for their plans. While the Republican Obamacare replacement bill pending in Congress would increase the number of people who would qualify for subsidies, the bill is also expected to increase average premiums over the next two years higher than they would be under Obamacare." Continue reading →
"The new proposal would treat all 401(k) and traditional IRA contributions as if they were Roth IRA contributions. You’d lose the tax exclusion of those contributions, but your future 401(k)/IRA earnings and appreciation would be tax-free. Some think this could raise $1.5 trillion in additional tax revenue over the next decade, making the corporate tax slash feasible. Unless they decide to tax retirement earnings and appreciation too." Continue reading →
"April 2017 was another month of mass slaughter and unimaginable terror for the people of Mosul in Iraq and the areas around Raqqa and Tabqa in Syria, as the heaviest, most sustained U.S.-led bombing campaign since the American War in Vietnam entered its 33rd month." Continue reading →
"It’s easy to explain, once you understand that there is no such thing as foreign policy: all policy is domestic." Continue reading →
"The real story—and scandal—of intelligence surveillance and incidental collection is the mass incidental collection and use of Americans’ communications without a warrant. Under Section 702 of the Foreign Intelligence Surveillance Act (FISA), countless Americans are subject to the same incidental collection that President Trump now thinks is a serious problem, and the rules for accessing and using those communications are far more lax than the Susan Rice process, and totally unrelated to foreign intelligence and national security." Continue reading →
"The Trump administration's justification for its airstrikes on Syria manages somehow to be even weaker than Obama's Libya arguments. The time to push back is running out for Congress. If they can't do it with a deeply, widely unpopular president who in his first three months in office has antagonized not just members of the opposition party but members of his own as well, they may never be able to." Continue reading →
"In October, Trump blasted then-Democratic presidential nominee Hillary Clinton's position on Syria — that the U.S. military should take out al-Assad's airfields, the exact type of strike Trump ordered Thursday — by saying attacking a Russian-backed government could start World War III." Continue reading →
"On Thursday, two Democratic senators said that Trump indicated he would support the bank following a lunch with lawmakers on Capitol Hill. In addition, they said Trump promised to fill two vacant seats on the bank's board, which in the meantime is barred from financing deals of more than $10 million. 'I specifically talked with the president about the need to get the Export-Import Bank up and running,' Sen. Heidi Heitkamp of North Dakota said. 'It's great news he agreed.' Though the bank said that 90 percent of its authorizations are for small businesses, Boeing is one of its biggest beneficiaries." Continue reading →
"With promises to 'drain the swamp!' still ringing in our ears, we have watched Trump appoint nothing but Goldman banksters, Soros stooges, neocon war hawks and police state zealots to head his cabinet. Join us this week on The Corbett Report as we examine the swamp-dwellers with which Trump has filled his swamp." Continue reading →