TaxBytes

Now we’re beginning to see how President Obama plans to “create or save 3 million jobs.

President Obama is proposing a radical restructuring of how the federal government taxes money earned and held by U.

It appears that Democrats in Congress have decided to use the budget reconciliation process—which allows the Senate to approve legislation with 51 votes rather than the 60 needed to quash a filibuster—in their effort to pass sweeping health care reform legislation.

We have been warning that the budget deficit being pushed through by this administration and Democratic-led Congress is unfathomable.

“When in the course of human events it becomes necessary for one people to dissolve the political bands that have connected them with another … a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

One of the more contentious issues to emerge so far in the health care reform debate is what President Obama has referred to as the “public plan.

President Barack Obama and the U.

So now the Democrat-controlled Congress is pumping money out of Washington in an effort to stem a catastrophe—and lots of bad press.

The New York Times reports that the Obama administration is open to the idea of taxing some employee health insurance benefits.

“If we want to create jobs and rebuild our economy, then we must address the crushing cost of healthcare this year, in this administration,” President Barack Obama recently claimed.