Free Republic

BEGIN TRANSCRIPT RUSH: Yesterday we had the story in the New York Times about the Clinton Foundation and the Clinton Library and Massage Parlor, and it was a New York Times story, and it raised a number of questions, and those questions were dealt with and analyzed on this program. One of the points made was this foundation is running incredibly high deficits while bringing in millions and millions of dollars in donations. I connected the dots, and I came to the conclusion that one of the points of the story was that somebody is making out pretty well here...

Financial QUESTION: Obama and Democrats Trying To SEIZE Retirement Accounts (IRAs, 401Ks) ? Aug 9, 2013 I want to know what other Free Republic Members know about this H.R. 2035: Automatic IRA Act of 2013 I got an e-mail stating: "Obama & BIG Government Are Planning To Seize Retirement Accounts!" President Obama’s FY2014 Budget Plan brings us one Large step closer to De-Privatizing IRA’s & 401k’s. Much like Obamacare, Obama’s “Automatic IRA” will force employers with 10 employees or more, to “automatically” enroll their workers in the new Government run accounts. Obama’s Automatic IRA will be managed by the Social...

A WTHR-TV Indianapolis investigative report exposes a fraudulent scheme wherein the IRS is sending $4.2 billion per year to illegal immigrants as an "additional child tax credit" for children who don't even live in the U.S. Further, the IRS and Congress have been ignoring the scheme for years. The Inspector General's office has repeatedly identified the problem in audit after audit. The IG, Russell George says, "The magnitude of the problem has grown exponentially," but the IRS is doing nothing to stop it. "It's so easy it's ridiculous," the tax preparer whistleblower who exposed the fraud admits. Names are simply...

With the fiscal cliff deal and many Obamacare taxes taking effect, Americans will be slammed with an estimated $264 billion in new taxes this year alone—making 2013 memorable for delivering one of the largest one-year tax increases in American history. The math breakdown of the new taxes is simple: Key parts of the Bush tax cuts will expire as a result of the new fiscal cliff legislation, hitting American taxpayers with a tax bill of about $39.5 billion each year for the next decade. … Moody’s chief economist Mark Zandi issued a projection that the tax burden will cut GDP...

Here we go again folks, the Obama lies continue to flow.  Remember when he said this?  “I can make a firm pledge.  Under my plan no family making under $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains, not any of your taxes.”  Really.  Then how is it that this week when people got their payroll checks they were a little thinner than they were in 2012?  I’m not talking about the “evil rich”, but the average everyday worker.  With the expiration of the payroll tax cut,...

Given what we know in 2012, saying that capitalism will make a society richer than socialism should be about as controversial as saying the earth is round, not flat. Yet, a recent Gallup poll shows that more liberals have a positive view of socialism than capitalism. This is only possible because there are so many perverse incentives that drive the promotion of socialism. If you're a politician, socialism puts power in your hands while capitalism takes it away. If you want to use the government to control people's lives, socialism is a wonderful vehicle to do just that while capitalism...

PARIS — France’s Socialist government is proposing a slew of taxes — on art, on businesses, on the rich — that are drawing criticism for stifling entrepreneurship and scaring off the wealthy. “Unfortunately, I think the politics we are leading in France will turn out to be catastrophic for the economy, which is already in bad shape,” said French economist Marc Touati, author of “When the Eurozone Explodes.” “This is a serious mistake, something you learn in [Economy 101] — it will aggravate the recession and therefore shrink the tax base.” Led by President Francois Hollande, the French government proposed...

Our economy is lousy, the labor force participation rate is the lowest in 31 years, we’ve had 43 consecutive months with unemployment over 8 percent, and a record 47 million people are on food stamps, so one might expect President Obama would welcome as much help as he could get. Surely he would want private sector job creators – investors and entrepreneurs – to have the strongest possible incentives for turning around this Obama “recovery” where household incomes are falling faster than they fell in the Bush recession. But Obama’s priority is class warfare. That’s why he relentlessly denounces job...

Dear Friend, In this video commentary, I discuss how Obama won’t tell us his plans, but here they are: a series of UN imposed global taxes on all Americans. Tune in!

Suburbanites of Ohio, listen up. As swing voters in the ultimate swing state, you will have an outsized impact on this election. President Obama has pledged to govern in the interests of middle-class voters like you. With so much resting on your shoulders, that is a promise you should scrutinize with care. What exactly are Obama’s plans for Ohio’s suburban communities? The answer may shock you. President Obama aims to help Ohio’s Democrats bail out your state’s struggling cities by forcibly transferring suburban tax money to urban treasuries. It’s a bold plan to redistribute the wealth of Ohio’s suburbs. It...

SAN ANTONIO – A woman has been arrested for allegedly hitting a 10-year-old girl who refused to share ice cream with her daughter. The older girl began walking home but the mother of the 4 year old, Talysa Herron, approached and hit her in the face. She then followed her home in her car.

On a recent evening, a hip-looking young woman was sorting through a stack of crates outside a fruit and vegetable store here in the working-class neighborhood of Vallecas as it shut down for the night. At first glance, she looked as if she might be a store employee. But no. The young woman was looking through the day’s trash for her next meal. Already, she had found a dozen aging potatoes she deemed edible and loaded them onto a luggage cart parked nearby. “When you don’t have enough money,” she said, declining to give her name, “this is what there...

If you listen to America's political hacks, mainstream media talking heads and their socialist allies, you can't help but reach the conclusion that the nation's tax burden is borne by the poor and middleclass while the rich get off scot-free. Stephen Moore, senior economics writer for The Wall Street Journal, and I'm proud to say former GMU economics student, wrote "The U.S. Tax System: Who Really Pays?" in the Manhattan Institute's Issue 2012 (8/12). Let's see whether the rich are paying their "fair" share. According to IRS 2007 data, the richest 1 percent of Americans earned 22 percent of national...

One month to the day after his infamous ‘you didn’t build that’ speech, President Obama’s description of wealthy people did not include “smart” or “hardworking,” as he instead ascribed their success to good luck. “If you’re lucky enough, and fortunate enough, and been blessed enough to be in the other two percent, the top two percent, you still get a tax cut for your first $250,000 of income,” Obama said during a campaign stop in Council Bluffs, Iowa. “All we’re saying is after that, maybe you can do a little bit more to help pay down this deficit and invest...

(VIDEO AT LINK) President Obama: "Too many folks still don't have a sense that tomorrow will be better than today. And so, the question in this election is which way do we go? Do we go forward towards a new vision of an America in which prosperity is shared?(continued)

Burn Down the Suburbs? Not exactly, but Obama is already working to get rid of them. By Stanley KurtzEditor’s Note: This article is adapted from Spreading the Wealth: How Obama is Robbing the Suburbs to Pay for the Cities, by Stanley Kurtz, from Sentinel HC. President Obama is not a fan of America’s suburbs. Indeed, he intends to abolish them. With suburban voters set to be the swing constituency of the 2012 election, the administration’s plans for this segment of the electorate deserve scrutiny. Obama is a longtime supporter of “regionalism,” the idea that the suburbs should be folded into the cities, merging schools,...

Yesterday, the Senate narrowly voted (51-48) to raise taxes on 1.2 million small businesses, which will likely kill more than 700,000 jobs at a time when nearly 13 million Americans are out of work. Senators Joe Lieberman (I-CT) and Jim Webb (D-VA) joined all Republicans in bipartisan opposition to the tax hike. This is President Obama’s economic plan. This is what he asked Congress to do. And he recently told a fundraising crowd that his economic plan has been working. “Just like we’ve tried [Republicans'] plan, we tried our plan—and it worked,” he said. But Obama’s Treasury Secretary, Timothy Geithner,...

BEGIN TRANSCRIPT RUSH: Who does Obama think paid the taxes for the roads and the bridges and the stoplights? Who paid for this? Who paid for all of that? People that don't have anything? People who pay taxes paid for all this stuff! Folks, it's a shame that we have to sit here and react to this kind of sophistry and explain to people how this country was built and who did it and why it happened and how it happened. Because we live in a period of time where the president of the United States is trying to rewrite...

-Songwriter also has Austrian citizenship through her late father -Former husband Marc Rich fled the country when indicted on charges of tax evasion - but was pardoned by President Clinton in 2001 -House of Representatives committee later found Denise Rich had swayed the decision through donations to Clinton campaign -Comes as the latest wealthy American to denounce citizenship Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship - and, with it, much of her U.S. tax bill. Rich, 68, a Grammy-nominated songwriter, top Democratic donor and glamorous figure in...

Obsession with income redistribution is destroying U.S. productivity President Obama’s re-election prospects dim by the day. When it comes to all-important pocketbook issues, Americans quite simply are worse off now than they were when this administration moved into the White House. The Federal Reserve released its latest “Survey of Consumer Finance” on Tuesday, which confirmed widely held sentiment with hard data: Americans are poorer today than they were in 2007, when the Great Recession hit. The difference between now and then is massive. The median household saw almost 39 percent of its wealth evaporate, and real income (that is, the...