Category Archives: Economy
Bite of the Apple
Apple CEO Tim Cook was dragged to the U.S. Senate to apologize for his success. While his company paid $6 billion in U.S. taxes last year it paid little if anything on it’s overseas stash. All perfectly legal. Even the president doesn’t pay more than he owes.
Rand Paul said the Senate ought to apologize for the dog and pony show, but Carl Levin was having none of that as he took a crack at American pensions and 401ks by insisting that Apple send more money to foreign countries.
Train Wreck
Enroll America, a nonprofit dedicated to promoting Obamacare, has not been intimidated by the IRS. In fact, Health and Human Services Secretary Kathleen Sebelius has been shaking down …er..offering health care companies the opportunity to make contributions to the operation.
Pack Up Your Troubles
The president is so down in the dumps that ABC’s Johathan Karl asked him if he was out of juice.
The sequestration gambit to cause Americans as much misery as possible seems to be flopping. The FAA managed to leverage a 4% cut in spending growth into a 10% across the board cut in air traffic controllers. (Congress put a stop to that and promptly hopped on planes and jetted home.)
The whole thing struck me as a weird kind of job action by The Man – Obama. James Taranto saw it the same way in the WSJ.
Sales Tax
Local merchants, big companies, Democrats, and Republicans are overcoming their differences to come together in support of the Marketplace Fairness Act.
Uh oh.
Brick and mortars complain about being shopped and having to charge sales tax but they don’t mention shipping costs on internet sales. Besides, what’s that got to do with it? I heard somewhere life isn’t fair.
It doesn’t seem fair that Ohio considers me a chattel with a claim on my actions when I make a purchase in another state.
First Taxpayer
The Obamas paid an effective tax rate of 18%. Nolan Finley says Obama “is not about setting examples”. He goes on to discuss extravagant vacations and the recent live soul concert at the White House:
Which raises the question: How can a president so tone deaf appreciate a live concert?
