Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: taxpayer

Morgan Stanley: Tesla Not as Green as You Think

This article appeared online at TheNewAmerican.com on Friday, August 18, 2017:

English: Tesla Roadster Sport 2.5, the fourth-...

Tesla Roadster Sport 2.5, the fourth-generation Roadster from electric carmaker Tesla Motors Inc.

Morgan Stanley, the international banking behemoth, released the results of its study on the best “green” companies in which to invest. This is based, said the bank, on the assumptions that some, perhaps many, investors who have drunk the “green Kool-Aid” want to invest in ways to “save” the environment and fight against “climate change.” Missing from the top of their list is perhaps the most visible “green” automobile company: Tesla, Inc., formerly known as Tesla Motors.

After comparing the savings in carbon dioxide (CO2) achieved by Tesla’s high-mileage electric vehicles to all the “secondary and tertiary” factors involved in their manufacture, Morgan Stanley said,

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Sessions Links Chicago’s Mayor to City’s Crime, Calls Him a Dictator

This article was published by The McAlvany Intelligence Advisor on Friday, August 18, 2017:  

This map shows the incorporated and unincorpor...

This map shows the incorporated and unincorporated areas in Miami-Dade County, Florida,

The decibel level in the war of words between Trump’s AG Jeff Sessions and Chicago’s Mayor Rahm Emanuel reached painful heights on Wednesday. At issue is illegal immigration, and harboring illegals or deporting them. The underlying issue is the conflict of power between the federal government and the states.

The Federalist considered the issue and concluded that immigration, legal or illegal, was a concern only of the states, and of no concern to the national government:

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Sessions Lauds Miami-Dade, Bashes Chicago Over Sanctuary City Policies

This article appeared online at TheNewAmerican.com on Thursday, August 17, 2017:

Attorney General Jeff Sessions took the opportunity during his visit to Miami (traffic circle shown) on Wednesday to praise the decision of Miami-Dade County officials to reverse the area’s three-year-old “sanctuary city” policy. He also used the time in front of a crowd of 150 law-enforcement officials to bash Mayor Rahm Emanuel and his city for its failure to do the same.

Said Sessions:

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Liberal Professor to Sue Evergreen for $3.8 Million Over “Racially Hostile” Campus Environment

This article appeared online at TheNewAmerican.com on Wednesday, July 26, 2017:

Bret Weinstein, the liberal college professor who refused to go along with radical student demands at Evergreen State College for a “Day of Absence” — a day without white people on campus — has filed his intention to sue the college. The amount demanded, $3.85 million, is for damages he suffered, and continues to suffer, as explained by Weinstein’s attorney:

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Disincentives Cut Food Stamp Use

This article appeared online at TheNewAmerican.com on Monday, July 24, 2017: 

The latest report from the U.S. Department of Agriculture (USDA) over SNAP (Supplemental Nutrition Assistance Program) reveals a sharp drop in participation in the program, touching lows not seen since before 2010. In 2016, 44 million Americans and immigrants (legal and illegal) took advantage of taxpayers’ largess, costing $71 billion. In 2010, there were 47 million receiving SNAP benefits, costing taxpayers closer to $80 billion.

The program, which began in 1969, has virtually exploded, from just two million that year (costing taxpayers a paltry $250 million) to a peak of 47.6 million in 2013, which cost taxpayers $79.9 billion.

Part of the decline is fueled by illegal immigrants fearing deportation if

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Food Stamp Dependency Dropping

This article was published by The McAlvany Intelligence Advisor on Monday, July 24, 2017:

English: Logo of the .

In its report released last week the USDA reported that SNAP – the Supplemental Nutrition Assistance Program, the old food stamp program – is shrinking, a little. In 2016, 44 million Americans and immigrants (legal and illegal) took advantage of taxpayers’ largess, costing them $71 billion. In 2010, there were 47 million receiving SNAP benefits costing taxpayers closer to $80 billion.

The program, which began in 1969, has virtually exploded, from just 2.9 million beneficiaries that year (costing taxpayers a paltry $250 million) to a peak of 47.6 million in 2013, which cost taxpayers $79.9 billion.

Part of the shrinkage is due to

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Oregon’s New Bicycle Tax Proves Ronald Reagan was Right

This article was published by The McAlvany Intelligence Advisor on Wednesday, July 19, 2017: 

Ronald Reagan wearing cowboy hat at Rancho del...

President Ronald Reagan enjoyed excoriating liberals and big government advocates not with spears but with honey:

We should measure welfare’s success by how many people leave welfare, not by how many are added.

 

Within the covers of the Bible are the answers for all the problems men face.

 

When you can’t make them see the light, make them feel the heat.

 

The most terrifying words in the English language are: “I’m from the government and I’m here to help.”

But the one for which the former president is best known is this:

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Oregon Passes Resentment Tax: $15 Per Bicycle

This article appeared online at TheNewAmerican.com on Tuesday, July 18, 2017:  

Due to the perceived injustice inflicted on Oregon taxpayers last year, the state legislators evened the score last week when the members passed a bill taxing bicycles. The Democratically controlled legislature passed a bill in 2016 forcing drivers to pay 10 cents per gallon more for gasoline to fund road improvements. The cry then went up that bikers weren’t paying their fair share.

When Democrat Governor Kate Brown signs the bill into law, every purchaser of a bike costing $200 or more, with a wheel diameter of 26 inches or more, will pay a $15 excise tax, making Oregon the only state in the country to levy such a tax.

Arguments that most bicyclists also owned cars and bought gasoline and therefore were already subject to the grasping government’s new tax fell on deaf ears. Arguments that

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Illinois Republicans Override Governor’s Vetoes, Stiff Taxpayers in Budget Deal

This article appeared online at TheNewAmerican.com on Friday, July 7, 2017:

Lisa Madigan, Illinois state attorney general,...

Lisa Madigan. step-daughter of Michael Madigan, and, not surprisingly, Illinois’ state Attorney General. Just a coincidence.

When House Speaker Michael Madigan finally engineered the override of Illinois Governor Bruce Rauner’s veto of his budget bill on Thursday, he called it a victory:

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CBO Raises Its Deficit, Debt Forecasts in Latest Revision

This article appeared online at TheNewAmerican.com on Wednesday, July 5, 2017:  

The Congressional Budget Office (CBO) just revised its January report with new data on spending, revenues, and economic growth. The revision isn’t good:

The projected rise in [annual] deficits would be the result of rapid growth in spending for federal retirement and health care programs targeted to older people, and to rising interest payments on the government’s debt, accompanied by only moderate growth in revenue collections.

In other words, the CBO simply doesn’t believe that President Trump’s plans to reduce regulation, cut taxes, and repeal ObamaCare will amount to much. Instead the government programs on autopilot — Social Security, Medicare, and especially debt service on the country’s $20 trillion national debt — will eat up nearly 80 percent of the government’s total budget in less than 10 years. Said the CBO:

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The Wall Street Journal Tells Investors Not to Worry About Illinois. Really.

This article was published by the McAlvany Intelligence Advisor on Friday, June 30, 2017:

Seal of Illinois. Center image extracted from ...

Seal of Illinois.

The Journal declared that although the state of Illinois is in deep trouble, that shouldnt be troubling to those investors holding billions of the states debt that is about to be downgraded to junk. On Saturday morning, barring a miracle, S&P Global will keep its promise and announce that Illinoiss debt rating is being reduced by at least one more notch, to junk status.

The Journal said that downgrade reflects the fact that the state faces large uncertainties and has major exposure to adverse conditions. But none of those need bother investors, said the Journal. Even though several bond mutual funds have bailed since the first of the year, offloading an estimated $2 billion of the states $25 billion in investor-owned debt, the Vanguard Group is standing firm. It has the largest exposure to Illinois in its seven mutual funds, holding $1.2 billion of its debt and claiming that it is comfortable with (its) risk/reward.

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Illinois Countdown to Junk Status Continues

This article appeared online at TheNewAmerican.com on Thursday, June 29, 2017:

English: IL State Rep. Susana Mendoza 2011 Pho...

Susana Mendoza

Despite the clock’s ticking on the downgrade of Illinois’ $25 billion of indebtedness to junk status on midnight Friday, investors remain complacent. True, some mutual funds have offloaded $2 billion of Illinois debt in the last few months, but the Wall Street Journal provided salve to investors’ concerns that those remaining invested will be badly hurt. Unnamed analysts, wrote the Journal, “predict prices would drop only a few cents in the event of a junk downgrade.” They noted that Vanguard Group has $1.2 billion of Illinois bonds spread across seven of its bond mutual funds, with a company spokesman saying that it is “comfortable with the risk/reward” of investing in the state’s bonds.

Besides,

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Illinois Sends “Dear Contractor” Letters Ordering Them to Stop All Road Construction

This article appeared online at TheNewAmerican.com on Thursday, June 15, 2017: 

English: A photograph of the Springfield Capit...

A photograph of the Springfield Capitol Building

Illinois contractors working on the state’s roads just received a “Dear Contractor” letter from the state ordering them to halt work because the state is out of money to pay them:

At this time appropriate funding is not available after June 30, 2017. Thus, work shall cease effective June 30, 2017.

Please bring all projects to a condition that will provide a clear and safely traveled way….

On July 1, 2017, all work shall cease except for maintenance.… The department will notify you when work may resume.

Right now the state has $14.5 billion in unpaid bills, an increase of nearly $4 billion just since the end of December, with no end in sight. When Republican Governor Bruce Rauner took office in January 2015, he promised he would bring order out of chaos by

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Puerto Rico’s Vote for Statehood Means Nothing

This article appeared online at TheNewAmerican.com on Monday, June 12, 2017:

Despite 97 percent of Puerto Ricans voting for statehood in Sunday’s plebescite, the chances of adding the island as the country’s 51st state are between slim and none.

The island’s voters had three choices on Sunday’s ballot: Stay as a U.S. territory, move ahead with statehood, or seek full independence as a sovereign nation. This is the fifth vote on the issue since 1967, with the first three failing to gain a majority vote for statehood. That majority is required for the U.S. Congress to consider it. The fourth vote was marred by some 500,000 voters boycotting it to protest the ballot allegedly being rigged in favor of statehood.

The chances this time aren’t any better.

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Puerto Rico’s Governor Seeks an American Taxpayer Bailout

This article was published by The McAlvany Intelligence Advisor on Monday, June 12, 2017:

Ever since he announced his campaign for governor of Puerto Rico, Ricardo Rossello, who was installed as the island’s new governor in January, has been pushing for statehood. Offloading his country’s financial problems onto American taxpayers is the American way. By gaining statehood, Puerto Rico would be poorer than Mississippi, the poorest of the American states, and therefore would be the likely recipient of federal largesse by the truckload. As Rossello said so clearly,

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Democrats Love to Tax the Rich – Except When it’s THEIR Rich

This article was published by The McAlvany Intelligence Advisor on Tuesday, June 6, 2017: 

The Trump tax reform proposal has put the Democrats into a deliciously difficult position. He wants to eliminate state and local deductions for income and property taxes (but leave charitable and mortgage deductions alone) as part of his attempt to keep his proposal revenue-neutral.

The amounts involved are enormous. The Urban-Brookings Tax Policy Center estimates that, if passed, it would cost the rich $1.3 trillion over the next 10 years. The Tax Foundation ran the same numbers and came up with an even bigger number: $1.8 trillion.

The law currently allows state and local income and property taxes to be deducted in calculating an individual’s federal tax liability. But, as both tax groups noted, those benefitting the most from the deductions happen to live in liberal, Democrat-leaning and supporting states. This forces Democrats to face a conundrum:

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Trump’s Plan to Eliminate State, Local Tax Deductions Puts Dems in Difficulty

This article appeared online at TheNewAmerican.com on Tuesday, June 6, 2017: 

Tax Foundation

Two tax policy groups — the Urban-Brookings Tax Policy Center and the Tax Foundation — agree on at least one thing in President Trump’s tax proposal: The elimination of favorite tax deductions used by the wealthy would cost them dearly. The Tax Policy Center calculated that it would cost the rich $1.3 trillion over the next 10 years, while the Tax Foundation put the figure at more than $1.8 trillion.

The law currently allows state and local income and property taxes to be deducted in calculating an individual’s federal tax liability. But as both tax groups noted,

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What’s Wrong with Connecticut?

This article was published by The McAlvany Intelligence Advisor on Monday, June 5, 2017: 

English: Aetna building in Hartford, Connectic...

Aetna building in Hartford, Connecticut

The state has a staggering deficit of more than $5 billion, home prices are about where they were a decade ago, unemployment is rising (not falling as it is elsewhere in the northeast), and big companies who have been there for decades are leaving.

What is going on?

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Credit Rating of Illinois Cut Again to One Notch Above Junk

This article appeared online at TheNewAmerican.com on Friday, June 2, 2017: 

English: 1987 Illinois license plate

The day after Illinois failed to reach a budget agreement (for the third year in a row), Moody’s Investors Service followed S&P Global Ratings by downgrading the state’s credit rating to just one notch above junk status. The legislature has 30 days to come up with a budget or else the state’s rating will be downgraded further to junk status.

Moody’s was blunt in its assessment of the rolling catastrophe: “Legislative gridlock has sidetracked efforts not only to address pension needs [$129 billion in unfunded liabilities] but also to achieve fiscal balance [the state has $14.5 billion in unpaid bills with $800 million in late fees and penalties adding to the total]. Moody’s analyst Ted Hampton added:

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Trump’s Plan to Revise SNAP Draws Howls of Protests From Liberals

This article appeared online at TheNewAmerican.com on Tuesday, May 30, 2017: 

English: Logo of the .

Modest revisions to the federal government’s present SNAP (Supplemental Nutrition Assistance Program) proposed by Trump’s budget released last week have drawn howls of protests from predictable places. The New York Times and ThinkProgress are calling the cuts “full of horror,” “backbreaking,” and sufficient to “destroy the food stamp program.”

What’s proposed is a cut of less than $20 billion a year to a program that currently costs taxpayers more than $70 billion annually. It also would involve a modest shift of financial responsibility back to the states where it properly belongs.

The cuts are predicated on the impact the imposition of “work rules” would have

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.