Edward Kleinbard, a USC law professor, had some thoughts on tax inversions, the process whereby a domestic company merges into a foreign company and moves its headquarters to that foreign company’s domicile in order to avoid high domestic taxes. The subject has come up in the last few weeks in the context of US companies doing the inversions. Dr Kleinbard, though, is proceeding from some false premises.
He argues, for instance,
Firms that invert argue that the deals are…harmless to US tax-revenue collection, and a necessary response to our anticompetitive world-wide corporate tax system. ["Harmless" is] demonstrably false…..
“The president of the United States is the world’s sugar daddy and that has to stop. That’s the incentive for those kids to come here” protested Congressman Mo Brooks (R, AL) one of the most-conservative voices in the House. “To spend billions of dollars on foreign children that we don’t have is financial insanity.”
As someone noted earlier, the House should appropriate the funds, or most of them, with suitable spending reduction offsets, and with the vast bulk of the funds block granted to the border states for their use in dealing with the crisis and with border control, and the remainder allocated to the Federal government for the mandated purpose of transporting the present children back to their countries of origin.
Attorney General Eric Holder now is claiming amnesty to be both a civil and a human right. In his rambling way, he makes says this [emphasis in the cite]:
Creating a pathway to earned citizenship for the 11 million unauthorized immigrants in this country is essential. The way we treat our friends and neighbors who are undocumented—by creating a mechanism for them to earn citizenship and move out of the shadows—transcends the issue of immigration status. This is a matter of civil and human rights.
…it’s not limited to those topics, but it was triggered by a quote by Dr Manny Alvarez in his piece about the bias of the Latino press in its coverage of the current children border crisis. What Alvarez said was this:
The crisis reminds me of that old saying: “Give a man a fish, and he’ll eat for a day; teach a man to fish, and he’ll eat for a lifetime.”
Alvarez offered this aphorism in the context of needing to address the root cause of the crisis, not merely treat the symptom that is what the crisis is.
The United Nations Relief and Works Agency, a UN organization “providing humanitarian relief” in Gaza, said they found rockets hidden by PA terrorists inside a “vacant” school earlier in the week. This is the second time the UNRWA has been found to have PA’s rockets stored in UNRWA facilities.
This time the rockets were found in an “unused” UNRWA building situated
between two other UNRWA schools that are being used to host 1,500 displaced people.
Also this time, instead of returning the rockets to the PA, as the UNRWA did with that prior cache,
President Obama and John Kerry have adopted this ostensibly even-handed trope [that both Israel and the Palestinian Authority must agree to a cease fire], and on Tuesday the European Union went further and deplored Israel and Hamas as if they were equal perpetrators. Hamas should stop its “criminal and unjustifiable acts,” the EU said, but it added that it was “particularly appalled” at the human cost of the Israel ground offensive.
Regarding the current Israeli/Palestinian Authority war over the latter’s terrorist attacks on Israeli cities and nuclear facilities, Secretary of State John Kerry is in Cairo to work with his Egyptian counterpart, Foreign Minister Sameh Shukri, to try to bring about an end to the war, or at least a lull in the current outbreak of the larger, on-going war.
To Kerry’s credit, he also says he wants to find “a way to deal with the underlying issues.” Success here would, indeed, go a long way toward reducing the likelihood of further hostilities.
[T]he Obama administration first received clear notice more than five years ago about the need for an overhaul to reduce patient wait times.
“Excessive wait times are addressed by moving to a resource-based management system,” Veterans Affairs technology officials told the Obama-Biden transition team in a briefing report that included mention of VA’s “schedule replacement” project.
And this [emphasis added]:
“VA has been trying—and failing—to replace its outpatient scheduling system since 2000, wasting nearly $130 million in the process,” Rep. Jeff Miller, Florida Republican and chairman of the House Committee on Veterans’ Affairs, told The Times when asked about the delays.
A press statement issued by the Security Council expressed “serious concern at the escalation of violence,” called for the protection of civilians under international humanitarian law, and said it was troubled by the growing number of casualties.
This is disgusting, and it’s…sad…that the Obama administration approved this—recall that the US could have vetoed this travesty.
Dakota Blazier had made a big decision. Friendly and fresh-faced, from a small town north of Indianapolis, he’d made up his mind: he wasn’t going to college.
“I discovered a long time ago,” he explained, “I’m not book smart. I don’t like sitting still, and I learn better when the problem is practical.” But he didn’t feel this limited his options—to the contrary. And he was executing a plan as purposeful as that of any of his high-school peers.