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OBAMA TAX PLAN

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OBAMA TAX PLAN

OBAMA TAX PLAN

Chicago, IL (PRWEB) February 05, 2014

Congress this week passed a $ 956 billion farm bill which President Barack Obama plans to signal Friday throughout a trip to Michigan.

The following statements from budget plus farming specialists at The Heartland Institute a free-market think tank can be employed for attribution. For more comments, refer to the contact info under. To book a Heartland customer about the system, please contact Director of Communications Jim Lakely at jlakely(at)heartland(dot)org plus 312/377-4000 or (cell) 312/731-9364.

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It is a sad commentary about American politics which following over 2 years of haggling over the want to have a more fair plus streamlined farm bill you end up with really the same mess you have had for years. The largest travesty is the fact that you nonetheless call it a farm bill whenever, in actual fact, 80 % of the funding goes to not farms, yet to the 47 million Americans about food stamps, and a some school lunch programs.

Jay Lehr

Science Director

The Heartland Institute

jlehr(at)heartland(dot)org

312/377-4000

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The bill shows again which with regards to utilizing taxes $ to purchase votes, theres no real difference between Republicans plus Democrats.

The last farm bill inside 2008 became a bloated offense to anybody that supports fiscal responsibility plus opposes crony capitalism. Then you have a farm bill which is 50 % bigger. If theres any superior to come from this, its which countless left-wing ecological groups joined countless right-wing fiscal watchdog groups inside opposing the bill. The bills subsidies provide incentives to destroy lands which offer significant plant plus animal habitat, plus they reward big business farms plus rich individuals nobody might ever consider farmers. The bill furthermore promotes continued dependency about government by pouring over $ 80 billion a year into food stamps, a system which has ballooned inside latest years.

Steve Stanek

Research Fellow, Budget plus Tax Policy

The Heartland Institute

Managing Editor

Budget & Tax News

sstanek(at)heartland(dot)org

815/385-5602

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The farm bill is a classic of pork barrel spending plus political logrolling. Farmers are getting cost supports beneath a different guise, food stamp spending may rise, plus were stuck with it all for a full decade. Its an awful bill. This Congress ought to be ashamed.

S.T. Karnick

Director of Research

The Heartland Institute

skarnick(at)heartland(dot)org

312/377-4000

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One of the largest ruses being inflicted about Americans inside the newest farm bill is the federal governments continued subsidization of the multibillion-dollar natural sector.

Supporters of the American natural movement are constantly rapid to point to how much funds traditional farmers get by subsidies, arguing which natural farmers need to dip into the treasury too. However what they not mention is the fact that natural farmers qualify for most same subsidies which traditional farmers do, depending naturally about what items they raise about their farms. More crucially, supporters of subsidies for natural farming usually cannot mention which when subsidies to traditional farmers usually go towards manufacturing bills, natural subsidies inevitably go towards the advertising of the natural sector, that constantly comes by shape at the cost of the traditional sector inside the shape of publicly funded, unfounded, plus very damaging attacks about contemporary, science-based, commercial farming.

Mischa Popoff

Policy Advisor

The Heartland Institute

media(at)heartland(dot)org

312/377-4000

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In truth, you recognize surprisingly small regarding the effects of the farm bill nutrition cuts about poverty. We do recognize which the farm subsidy component of the farm bill just involves a bait-and-switch approach to, at worst, keep plus probably heighten total yearly farm subsidy repayments. The direct repayments system (a $ 5 billion yearly boondoggle inside that 85 % of the repayments flowed to farm homes with web worths inside the several millions of dollars) can be gone, yet it’s to be changed by fresh cost help, revenue help, plus crop insurance programs.

Those unique programs targeted to crops like wheat, corn, soybeans, peanuts, cotton, plus sift are virtually definitely going to expense the taxpayer more than $ 5 billion a year. And the subsidies can continue to flow mostly to the biggest plus wealthiest farm operations that want no assist to survive. Moreover, they can do thus inside methods which cause common difficulties inside U.S. trade relations with additional nations. Additionally, spending about subsidies for dairy farmers is probably to triple or quadruple. In fact, alone, the heighten inside dairy subsidies usually offset any savings from cuts to nutrition programs.

In alternative words, the bipartisan Senate plus Home farming committees have yielded a 2014 farm bill which is bipartisan just considering many members of those committees like to confirm which their localized farmers plus ranchers continue to vote for them. This farm bill is 1 destination where it’s company because routine for Congress, plus log-rolling is alive, perfectly, plus surprisingly pricey for the taxpayer.

Vincent H. Smith

Professor of Economics

Montana State University

Policy Advisor

The Heartland Institute

vsmith(at)montana(dot)edu

406/994-5615

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The Heartland Institute is a 30-year-old nationwide nonprofit business headquartered inside Chicago, Illinois. Its mission is to discover, develop, plus improve free-market solutions to social plus financial difficulties. For more info, see the Website or call 312/377-4000.









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