Category: Politics

Taxing Capital Gains As Ordinary Income

-Submitted by David Drumm (Nal), Guest Blogger

When politicians frame the debate on taxes, higher income taxes on the wealthy are always preceded by the descriptor “job-crushing” and lower capital gains taxes “encourage investment.” Investment is often used as the justification for a tax rate of 15% on capital gains, monies from the sale of stock, and dividends, which are now included in the 15% bracket. For the wealthy, those making $379,150 and above, ordinary income is taxed at 35%.

Is this “investment” justification backed by the data?

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Why Don’t Politicians Want to Pay for Disaster Relief?

Respectfully Submitted by Lawrence Rafferty (rafflaw)-Guest Bogger

 

It is a big deal when you read that New York City is shutting down their transit system and ordering evacuations due to the impending hurricane that is making its way up the Eastern coast.  It also concerned me because my daughter is now in NYC and is unable to get out before Monday.  I can only imagine the devastation that will occur all the way from the Carolinas up to the Northeast due to Hurricane Irene.   When you read the stories and see the pictures of the havoc and sometimes death that is the result of these kind of natural disasters, it is hard to understand why some politicians are clamoring that the government should not pay for relief unless there are corresponding spending cuts! Continue reading “Why Don’t Politicians Want to Pay for Disaster Relief?”

My Embarrassing Secret Belief

Submitted by: Mike Spindell, guest blogger

 In the years, I’ve spent commenting here at Professor Turley’s blog, I have presented myself as an honest person, sensible and with humane beliefs. Many regulars think of me as sort of a blog “elder statesman” and one who has a rational view of the world. There are of course others, fewer in number I assert, who think me a fool and a knave, which shows you can’t please everyone. Professor Turley himself has expressed fondness related to my tendency to be honest and open about myself personally.

 Yet through all of these years here, I have harbored a secret belief that I’ve avoided mentioning for fear that the esteem in which I’m held, will disappear in an avalanche of ridicule and disappointment. I have to admit that to a retired old guy on the wrong side of sixty years, my place here has provided comfort to my self-esteem and certainly the feeling that I can still find things in life to accomplish. To those who haven’t realized the obvious yet from my writings, I have my vanities and indeed my insecurities, so being a guest blogger has stroked those needy aspects of my ego. Since I’ve received much gratification from this, I have been loath to be completely honest about one of my more deeply held beliefs. I came across an article that impels me to break my silence and reveal this belief here and now. While in the eyes of some reading this blog, it might lower their opinion of me and expose me to ridicule, I must finally admit to you my dirty little secret.

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Is Florida’s Drug Testing Of Welfare Recipients Constitutional?

-Submitted by David Drumm (Nal), Guest Blogger

Governor Rick Scott (R-Florida) imagines that welfare recipients were likely drug addicts so he signed a law that mandates drug testing before they can receive cash benefits from the state. “The goal of this is to make sure we don’t waste taxpayers’ money,” Scott said. How’s that working out? About 2 percent have tested positive and ninety-six percent proved to be drug free — leaving the state on the hook to reimburse the cost of their tests.

Financially, Florida taxpayers may save a whopping $40,800-$98,400 for a program that has been predicted to cost $178 million. That’s before the legal costs from a threatened ACLU challenge to the law’s constitutionality.

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Eleven Out of Ten Doctors Agree: Perry’s Shaky Math on Tort Reform

With Rick Perry taking the lead in the Republican primary, tort reform is expected to be, again, a major campaign issue. I have long been a critic of efforts to cap damages and I have seen firsthand how these caps often lead to families being unable to secure counsel in fights with big companies. Now, Perry is claiming that his “reforms” have led to 21,000 more doctors coming to Texas. The article below shows how this claim is entirely unsupported.
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Obama Administration Pressures Prosecutors To Drop Criminal Investigations Of Banks Over Mortgage Fraud

The last few years have been replete with stories of fraudulent and possibly criminal acts for banks in the mortgage crisis. Thousands have lost their homes and faced financial ruin. The Administration is yielding to demands from lobbyists for the banks and particularly targeting Eric T. Schneiderman, the attorney general of New York, in demanding support for a deal that would offer just civil fines rather than criminal penalties.

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Lawyers and Law Professors Erupt in Bitter Debate After Identification of “ScamProf”

It is often said that “academic politics are so vicious precisely because the stakes are so small.”[FN1] Some may view the recent dust up between University of Colorado Paul Campos (left) and University of Chicago law professor Brian Leiter as such an example. However, there are some important issues raised in the controversy over the writings of “ScamProf.” Campos recently admitted that he is the anonymous law professor who created such a stir with a criticism of law teaching and law schools. Critics say that Campos only came forward after various bloggers had deduced his identity. However, Leiter and others went further and challenged Campos personally and professionally.
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Proposed Libyan Constitution Would Make Sharia The Governing Law

For months, critics have observed that the rebels in Libya contains worrisome elements of religious extremists and that the rebel forces have been accused of war crimes (as have the government forces). The concern is that, like our work in Afghanistan (ultimately helping Al Qaeda and the Taliban), we have little understanding of who we are bringing to power in Libya in our intervention into that civil war. That concern is magnified this week by the release of the draft constitution, which (unless changed) would make Sharia law the governing law of Libya.

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Industry Launches Campaign Against Closing Outdated Power Plants

Industry lobbyists and political allies are launching a full court press against the closure of highly polluting coal-fired plants across the United States this month. The effort dovetails with the focus of Republican candidates like Bachmann, Gingrich, and Perry to demonize the Environmental Protection Agency (EPA) and even call for its elimination. However, this move has been delayed too long and is expected to save thousands of lives. The story is the latest example of how industry is able to treat such health risks as abstractions while fighting to keep such plants operating.
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The Manliness Gap? Scottish Men Selected As World’s Most Manly

This week, Atlantic Magazine ran a story on Rick Perry, Manly Man — a piece exploring how Perry is known to emphasize his manliness — both physically and verbally. The magazine considers how well the macho image will play across the political spectrum. However, that may be the least of the problems for the Perry camp. Word has now reached our shores of the selection of the Scots, not the Americans, as the world’s most manly specimens. Now, I take nothing from the Scots. It takes a lot of guts to wear kilts in a cold, wet climate. However, the world’s manliest? Followed close by the English? I fully expect this to become a major issue in the presidential election: the manliest gap.
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Todd Palin: Of Course Sarah Quit For The Money

There is an interesting video of Todd Palin out in the last few days that finally admits what many have long argued: Sarah Palin quit the Alaskan governorship to cash in on her celebrity status. When a woman confronted Todd about his wife not finishing her term, he responds “What would you do” with “thousands and thousands of dollars a day?” He notes that the had “all this debt” and made the obvious choice.
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The Unofficial Turley Blog Job Creation Plan


Respectfully Submitted by Lawrence Rafferty-Guest Blogger

We have heard both sides of the aisle claim that they have the next big idea to bring jobs back to Main Street. Recently President Obama, according to an article from former Labor Secretary Robert Reich, has claimed that he will be submitting a Jobs Bill to Congress when they return from their 5 week summer hiatus.  Continue reading “The Unofficial Turley Blog Job Creation Plan”

Who’s Really Who on the Blogs?

Submitted by: Mike Spindell, guest blogger

Many years now at this site there have been side debates raging about false identities, used by people who are being paid to disrupt our discussions by making comments aimed at sidetracking issues. OpEdNews, a site run by Rob Kall, which I subscribe to sends me daily updates of articles of interest. Yesterday I received this intriguing article from Thom Hartmann’s podcast. It is an interview with Lee Fong from ThinkProgress on just this subject. Check out this link and see what you think.

http://www.opednews.com/articles/Caught-Fake-conservative-by-Thom-Hartmann-110820-341.html
Continue reading “Who’s Really Who on the Blogs?”