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Keyword: loophole

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  • MASSIVE WIN – NAFTA Loophole Closed – Canada and Mexico Agree to U.S. Approval Authority of *ANY*..

    10/02/2018 3:15:35 PM PDT · by bitt · 11 replies
    CONSERVATIVE TREEHOUSE ^ | 10/2/2018 | SUNDANCE
    I’m still going through the USMCA text (even speed reading, it will likely take a while); here’s the link to the AGREEMENT DETAILS. However, many people have asked about how the NAFTA loophole was being closed. Well, the answer is exactly what it had to be – there was really no option. The U.S. now has veto authority over any trade deal made by Canada and/or Mexico with third parties. This is what Ambassador Lighthizer described as the “Third pillar”. Last year, despite the inevitability of it, we didn’t think Canada and Mexico would agree to it. The NAFTA loophole...
  • Corporations may dodge billions in U.S. taxes through new loophole: experts

    01/12/2018 10:30:06 AM PST · by Oldeconomybuyer · 19 replies
    Reuters ^ | January 12, 2018 | by David Morgan
    WASHINGTON - A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts. Stemming from a Republican overhaul of international business taxes, the loophole involves the tax rates - 15.5 percent or 8 percent - that companies must pay on $2.6 trillion in profits they are holding abroad. By manipulating their foreign cash positions, a determining factor under the new law, a U.S. multinational could potentially save money by shifting profits to the lower rate from the higher one, according to...
  • The GOP tax plan creates one of the largest new loopholes in decades

    12/31/2017 2:27:17 PM PST · by spintreebob · 85 replies
    Los Angeles Times ^ | 12-31-2017 | Lily Batchelder, David Kamin
    The tax plan that President Trump signed into law last week creates one of the largest new loopholes in decades: a 20% deduction for “pass-through income.” Pass-through income is business income that is immediately “passed through” to the owner’s personal tax return, thereby avoiding the corporate income tax. Proponents of the Republican tax plan claim the cut benefits small businesses, but that’s a red herring. In reality, the new deduction disproportionately benefits the wealthy, penalizes workers and, in part because it is so complex, will ultimately reward those who can afford the best tax advice. The new deduction could have...
  • Pennsylvania Republican Pushing Ban on Private Gun Sales

    05/29/2017 7:32:51 AM PDT · by george76 · 46 replies
    Breitbart News ^ | 28 May 2017 | AWR Hawkins
    Pennsylvania State Rep. Jamie Santora (R-163) is pushing a ban on private gun sales nearly identical to the ones Michael Bloomberg-funded Moms Demand Action pushed in Washington state, Maine, and Nevada. Santora’s bill would bar the private sales that Americans have enjoyed since the Second Amendment was ratified in 1791 and would require that every sale be processed in front of an agent of the government via a background check. This means that law-abiding Pennsylvanians selling a gun to a fellow hunter, lifelong co-worker, or childhood friend would have to seek out a Federal Firearms License (FFL) holder and the...
  • (April 11, 2015) Warren Buffett’s Nifty Tax Loophole

    10/11/2016 3:22:26 PM PDT · by CruiseMates · 13 replies
    Barrons ^ | April 11, 2015 | Morris Propp
    Warren Buffett is fond of saying his tax rate is lower than his secretary’s. He does not publicize his tax returns, but for the tax year 2010, he paid $6.9 million on taxable income of $39.8 million, according to partial disclosures he made in 2011. What is astounding about those numbers is not the 17.3% tax rate, but that Buffett’s $39.8 million of taxable income is only about 0.05% of his reported net worth ($71 billion according to Forbes, which put him third on its list of the 400 wealthiest people in the world for 2015).
  • HIDDEN CAMERA: Debunking the "Gun Show Loophole" Myth By TRYING to Buy Automatics With No...

    01/27/2016 4:27:25 PM PST · by StevenCrowder · 46 replies
    www.LouderWithCrowder.com ^ | 01/27/2016 | Steven Crowder
    If you’re a leftist who believes other leftists, it’s probable you think guns (even fully automatic ones) can easily be purchased without a background check. You hold this notion for a simple reason: your leftist leaders in political circles reaching as high as the White House, say such silly things as “Guns are easier to buy than books.” A myth which is as true as receiving a college scholarship from the tooth fairy. To prove how wrong leftists are about guns, we took a hidden camera to gun shows and gun dealers. We tried weaseling through the “gun show loophole”...
  • Where is thread on recent social security changes?

    11/13/2015 7:33:27 AM PST · by George from New England · 18 replies
    self
    How do I find a thread talking about the news story I've been hearing about? I've looked for an hour and turn up nothing. Social Security changes affecting spouse loophole passed in this recent budget.
  • How a foreign sub loophole challenges the Iran nuclear deal (Important video)

    10/08/2015 5:04:05 PM PDT · by Chgogal · 3 replies
    Special Report with Bret Baier ^ | October 8, 2015 | James Rosen
    Technicality could jeopardize the agreement; James Rosen reports on 'Special Report'
  • Is Emanuel building a loophole into his gigantic tax hike? ( Chicago )

    09/04/2015 2:00:31 PM PDT · by george76 · 8 replies
    Crain's Chicago Business ^ | September 04, 2015 | GREG HINZ
    Is Mayor Rahm Emanuel preparing to exempt some homeowners from his big new property tax? A series of fascinating signals is emanating from City Hall that suggest, to ease passage of his $500 million plan through the City Council, the mayor indeed is preparing a plan—being dubbed internally the "bungalow belt exemption"—to give a break to owners of middle-income residences. No figures are available as to exactly who would be covered. The Emanuel administration is in high message-control mode since word of the pending tax hike leaked out earlier in the week, with the mayor apparently trying to float ideas...
  • Valerie Jarrett Saved $200K On Real Estate Deal Using Tax Loophole She Opposes

    08/11/2015 5:02:35 PM PDT · by Olog-hai · 33 replies
    Washington Free Beacon ^ | August 11, 2015 4:32 pm | Joe Schoffstall
    Valerie Jarrett, a top adviser to President Obama, purportedly saved $200,000 on a Chicago real estate deal by taking advantage of a tax loophole she openly opposes and actively worked to eliminate, according to a watchdog investigation. The investigation, conducted by the Chicago-based Better Government Association (BGA), focused on the 2013 sale of a $160 million luxury high-rise in which Jarrett pocketed more than $1 million in profits. Jarrett served as an executive at a Chicago real estate development firm called the Habitat Company prior to joining the White House as a senior adviser to Obama in 2009. While there,...
  • Feds move to close Obamacare hospital coverage loophole (on election day)

    11/04/2014 4:43:49 PM PST · by Libloather · 5 replies
    CNBC ^ | 11/04/14 | Dan Mangan
    The federal government said Tuesday it will soon move to close a loophole in Obamacare that could allow big employers to refuse to cover employees' hospitalizations. That loophole is significant because hospital-stay costs can quickly become high. The loophole is linked to Obamacare rules that will require mid- to large-size employers starting in 2015 to offer affordable health plans to employers or pay a fine.
  • Lois Lerner emails reveal gaping open-records loophole

    07/20/2014 7:35:24 PM PDT · by Nachum · 22 replies
    Washington Times ^ | 7/20/14 | S.A. Miller & Stephen Dinan
    The Lois G. Lerner emails released this month revealed a potentially huge loophole in federal open-records practices when an IRS tech staffer acknowledged that the agency doesn’t regularly store — and never checks — instant message chats as official government records. Analysts say there is no question that the Internal Revenue Service and all other federal agencies should be storing chats and even cellphone text messages that may constitute official government documents, but a check by The Washington Times suggests that hardly any agency is doing so. Of 17 agencies surveyed by The Times, just two said they had policies
  • Obama administration will allow more time to enroll in health care on federal marketplace

    03/25/2014 7:12:58 PM PDT · by Hoodat · 48 replies
    Washington Post ^ | Tuesday, March 25, 8:41 PM | Amy Goldstein
    The Obama administration has decided to give extra time to Americans who say that they are unable to enroll in health-care plans through the federal insurance marketplace by the March 31 deadline. Federal officials confirmed Tuesday evening that all consumers who have begun to apply for coverage on HealthCare.gov, but who do not finish by Monday, will have until about mid-April to ask for an extension. Under the new rules, people will be able to qualify for an extension by checking a blue box on HealthCare.gov to indicate that they tried to enroll before the deadline. This method will rely...
  • Administration expands health law exemptions

    12/25/2013 5:11:15 AM PST · by plangent · 15 replies
    The Hill ^ | December 24, 2013 | Ben Goad
    The Obama Administration on Tuesday proposed new regulations that add to the list of benefits not subject to reforms under the president’s healthcare law. A draft rule issued jointly by the departments of Health and Human Services, Labor and Treasury is the latest in a series of tweaks to the Affordable Care Act announced just days before major parts of the law are to take effect. The regulations, published in Tuesday's Federal Register, amend the 1996 Health Insurance Portability and Accountability Act (HIPAA), which laid out a category of “excepted benefits.” These include workers compensation or disability coverage, accidental death...
  • Senate Democrats Choose Illegal Aliens Over Disabled Vets in Key Budget Vote

    12/18/2013 10:33:25 AM PST · by montag813 · 32 replies
    Top Right News ^ | 12-18-2013 | John Urban
    Above: Illegal aliens made out like banditos thanks to Harry Reid and Senate Democrats. Disabled vets? Not so much.- They actually did it. They are on the record. Senate Democrats, led by their filibuster-slaying dictator Harry Reid, actually put the interests of illegal aliens above those of our disabled military veterans.Let that sink in for a moment. Now the details: The two-year budget deal brokered by Senate Budget Committee Chairwoman Patty Murray and House Budget Committee Chairman Paul Ryan, would cut military pensions by $6 billion over ten years. Republican Sen. Jeff Sessions of Alabama, joined by several others in his party, tried...
  • Slide-Fire's 'Bump Stock' Rifle Uses Recoil to In-Effect Fire Full Auto

    10/10/2013 2:42:57 AM PDT · by Reaganite Republican · 18 replies
    Reaganite Republican ^ | 10 October 2013 | Reaganite Republican
    Mimicking the 'bump fire' technique that can be utilized to fire a semi-auto rifle nonstop (from the hip), a new $6000 rifle from Slide-Fire keeps the stock (and your trigger finger) steady while the rest of the gun moves with the recoil, pulling the trigger against your stationary finger and producing the desired hail of gunfire...  The weapon utilizes loopholes in federal firearms law, whereas the stock of such a gun is simply not regulated as to it's movement/or lack of, nor how this is now being utilized to produce a full-auto effect... just the traditional mechanical elements of...
  • Is Ted Cruz Lying About the $5,000 Loophole in the Immigration Bill?

    06/30/2013 12:57:05 PM PDT · by FreedomOutpost
    FreedomOutpost.com ^ | 06-29-2013 | Fred DeRuvo
    I am not sure when the people of Egypt became more worldly than the people here in America but it would seem they have it figured out. Betsy Hiel tweeted a picture of a banner that has been hoisted in Tahrir Square that reads “Obama Supports Terrorism” in both English and Arabic. The banner has been placed in preparation for Sunday’s scheduled protests against Mohamed Morsi and The Muslim Brotherhood. Read more: http://freedomoutpost.com/2013/06/the-egyptian-people-proclaim-barack-obama-supports-terrorists/#ixzz2XjBkZmcu
  • Ted Cruz Exposes the Amnesty Bill… $5000 Penalty for Hiring Citizens Over Legalized Aliens…

    06/29/2013 3:14:33 PM PDT · by deandg99 · 11 replies
    The D.C. Clothesline ^ | 06/27/2013 | Dean Garrison
    We can’t possibly expect our Senators to read a 1200 page bill before voting on it. Can we? Well Thank God Ted Cruz read it. Not only did Cruz read it but he schooled anyone who would listen from the Senate floor on Tuesday.
  • REPACKAGED AMNESTY BILL ALLOWS NAPOLITANO TO NIX BORDER FENCE

    06/22/2013 8:13:29 PM PDT · by SWAMPSNIPER · 34 replies
    breitbart.com ^ | JUNE 22, 2013 | MATTHEW BOYLE
    Another loophole inserted into the new version of the “Gang of Eight” immigration bill allows Department of Homeland Security Secretary Janet Napolitano (or any of her successors) to nix the construction of a required border security fence if she does not find it to be an "appropriate" use of resources. The new version of the bill was introduced via a so-called “border surge” amendment from Sens. Bob Corker (R-TN) and John Hoeven (R-ND), with Senate Majority Leader Harry Reid repackaging the whole bill into the amendment.
  • Vanity: What is the gunshow loophole?

    06/18/2013 9:08:35 AM PDT · by Sherman Logan · 79 replies
    vanity | 06/18/13 | self
    I continuously see claims that "we must close the gunshow loophole" in the MSM. But on FR most people seem to assume there is no such loophole. I've tried to research exactly what this loophole is supposed to be, but one side seems to take its existence as self-evident and therefore needing no definition, and the other as an equally obvious negative. I would really appreciate an explanation of what this loophole is supposed to be, and perhaps of why it isn't one.