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Obama Seeks Executive Ways To Limit Tax Inversions

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WASHINGTON (AP) — Aiming to sidestep a logjam in Congress, the Obama administration is looking for steps it could take on its own to prevent American companies from reincorporating overseas to shirk U.S. taxes, officials said Tuesday. President Barack Obama has denounced so-called tax inversions as unpatriotic and has urged Congress to stop them, in an election-year push that Democrats hope will appeal to middle-class voters who feel corporate America…

Obama Can Do A Lot On His Own To Change Immigration, Experts Say

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WASHINGTON (AP) — What can President Barack Obama actually do without Congress to change U.S. immigration policies? A lot, it turns out. There are some limits under federal law, and anything the White House ultimately decides to do may be challenged in court as unconstitutional. But leading legal experts say the White House almost certainly could delay indefinitely efforts to deport millions of immigrants already in the U.S. illegally, and…

Ted Strickland Tried To Live On The Minimum Wage For A Week, Ran Out Of Baloney

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WASHINGTON — Ted Strickland tried to live on the minimum wage for a week, and it didn’t go so well. “I didn’t make it,” the former Democratic governor of Ohio wrote in Politico Magazine. For his “Live The Wage” challenge Strickland allotted himself $77 for food, transportation and other basics. The amount is supposed to be what’s left over after housing and taxes for somebody who earns the federal minimum wage of $7.25…

Washington, D.C. Now Owns a Strip Club

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BY:  John “Hennry” Harris The Stadium Club, a popular steakhouse and gentleman’s club with professional athletes and hip-hop artists, has been seized by the District of Columbia Office of Tax and Revenue. The Stadium Club’s previous owner, James Redding,  operated a restaurant on H street and NE until September, when the city shut it down because Redding owed more than $100,000 in unpaid sales and use taxes. Redding never paid…

Courtney Love Is in Tax Trouble Again

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How does Courtney Love make money exactly?  No one knows.  But people also think that she spends most of that money on her drugs and alcohol.  The poor woman has been a mess for twenty years, and the only thing worse than a mess is an aging, wrinkled mess.  Courtney owes big money to Uncle Sam, and like a lot of other celebs, she is probably not going to be…

Woman’s Racially Motived Tirade on Two Women of Color Videotaped

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A disturbed woman in U.K. chided two young women of color in the lobby at Ispwich Hospital in Suffolk. The woman lashed out at the young women exclaiming, “Where do you come from,” to 23-year Nigerian Gina Thompson and her 21-year old friend, from Spain. The two young women endured 2 minutes of verbal aggressions.  The woman was citing England’s economic issues stating, “You’re coming over here and you’re pleading…

Donald Trump Says Republicans are the Worst Negotiators in History

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Donald Trump took to Twitter this week to express his disappointment over the fiscal cliff deal that the Republicans made with President Obama and the Democrats.   It’s not as if anyone pays much attention to Trump these days, but he does have a lot of Twitter followers, which he might consider to be a source of his ever-dwindling political power. The fiscal cliff deal was reached barely 3 hours before…

Guess What? A Quarter of All Profitable Corporations are Paying Zero Federal Taxes

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  We pretend that the rich are already paying something to help our nation out of its economic crisis, but that’s not always the point. There are large corporations earning billions of dollars, who are paying nothing to stabilize the economy.  As a result, we are in the middle of a massive economic crisis with no ending in sight. During his Brunch With Bernie segment on Thom Harmann’s radio show,…

Thanks to Tobacco Tax, Teen Smoking Drops to All-Time Low

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According to a new study, teen smoking has dropped to an all-time low in 2012.  The survey asked 45,000 students between the 8th and 12th grades, and found that only 10.6% of the students have smoked over the last month. “A one percentage point decline may not sound like a lot, but it represents about a 9 percent reduction in a single year in the number of teens currently smoking,”…

Two Costco Employees Split $50 Million Dollar Winning Lottery Ticket

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If you work for Costco and you win $50 million in the lottery, you probably don’t have to come back to work anymore.  That’s the surreal experience of a couple of the company’s employees, who are probably going to tell their bosses to shove it.  According to officials in the Massachusetts State Lottery, Rosa DeLeon and Reginald LeBlanc, 52 and 54 years old respectively, bought the winning ticket and are agreeing…

President Obama Cries During Speech Thanking Supporters

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You don’t see the president crying very often, but there’s a first time for every time.  President Obama broke down during a speech to supporters, crying as he reminisced about his days as a community organizer. President Obama was crying. Not choked up, not somewhat emotional. He was crying. It was a startling sight — after years of watching the man known for his coolness under pressure, for his analytic detachment —…

Mitt Romney Says He’s Paid at Least 13% in Taxes Over the Past Decade

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Presidential candidate Mitt Romney swears to the public that he has paid at least 13% of his income in taxes over the last 10 years. He made the announcement to debunk the rumor circulated by Senator Harry Reid that he hasn’t paid any taxes over the last decade. Mitt’s wife Ann, adding fuel to the rumor that the two have something to hide, says that they are not going to…