The nonpartisan Congressional Budget Office (CBO) reported in Aug. 2010 that Obamacare would increase joblessness. But a new report shows the CBO greatly underestimated both how many jobs would be lost and the reason behind losing them.
Today (Friday), the U.S. House of Representatives passed an “Obamacare cybersecurity bill” that helps protect people from the gaping security hole that is the Obamacare website.
The release of the December FOMC meeting minutes makes clear one thing: the U.S. Federal Reserve does not have a plan for the course of the stimulus reduction it announced last month.
Eleven state attorneys general are crying foul, calling U.S. President Barack Obama’s unilateral Obamacare changes unconstitutional since he is bypassing congressional approval.
Today, 1.3 million long-term unemployed workers sit restlessly in Congress’ palm. They will be left without federal unemployment benefits just three days after Christmas if Washington fails to rework the budget deal to extend the Emergency Unemployment Compensation Program (EUC).
Monday, the Obama administration extended the Obamacare deadline to sign up for coverage by one day. Consumers will have to enroll and pay in full by Christmas Eve to have insurance when coverage begins on New Year’s Day, or else face a fine.
Monday, the U.S. Treasury Department sold off its remaining shares in General Motors (NYSE: GM), closing a chapter of the auto industry bailout with a cringe-worthy $10.5 billion loss of taxpayer dollars.
Today’s Washington will never bring charges against big banks’ major Wall Street criminals – criminal charges, that is.
Today (Tuesday), a federal judge ruled that Detroit is eligible for protection under Chapter 9 of the U.S. Bankruptcy Code, making the Detroit bankruptcy official. This is the biggest municipal bankruptcy in U.S. history.
Even if Obamacare hasn’t altered your insurance coverage, it will affect your taxes.
The new healthcare law brings the largest set of tax law changes this country has seen in more than 20 years.
According to the Government Accountability Office, the IRS must implement a total 47 statutory provisions under Obamacare. And Obamacare’s $1 trillion in total tax increases will hit drug companies, Health Savings Accounts, health insurers, employer-based health insurance, and more.
The administration says these taxes are absolutely essential to fund Obamacare.