Fast Terry and the Swindlers: Greatest Hits

Ladies and Gentlemen,

Please share this with your friends, family, and anyone who plans on voting this November. After the past few weeks of this election, and all of the developments that have come to light over our friend Terry, one question plagues my mind...

Why does nothing stick to this man? What do I have to say to convince you fine citizens of Virginia that the man who leads by 7 points is the human equivalent of Giardia?! He is most comfortable down in the mud, you could catch him without knowing it if you aren't careful, and whatever he is involved in ends up stinking!

Here is a run-down of some of Fast Terry's Greatest Hits: 

1. GreenTech/EB-5: He didn't start a business, he bought one from China and ran it into the ground. The man sells visas for money to put into a company that produces practically nothing. The whole scheme has been called out as a fraud by economists. The company and its Federal EB-5 license are under SEC investigation, and Terry didn't even want to mention that he was at the helm for nearly the company's entire history!

2. New York and Florida: Two OTHER STATES that Terry considered running in, because he couldn't care less where he collects his reward from the Clintons, he just wants to be boss of somewhere. Terry just saw Virginia as the easiest target, people.

3. Global Crossing: Terry is good at one thing, and that is finding money. It's a shame that when the telecom giant went bankrupt, he found 18 million dollars while the company's employees were kicked out on the street without pensions. I wonder how much of a golden parachute they got...

4. Pretty much his entire "Small Business" Stump Speech: The man has achieved a lot in his career, but Google these terms to see how much of that is really in business: hint, one is a scam and two went bankrupt.
A. American Pioneer Savings Bank
B. Gulf Coast Funds Management
C. GreenTech Automotive

5. Let's end on an anecdote: Terry says in his own words, in his own book that he abandoned his wife and newborn in a car to pick up a fundraising check for the DNC. That is offensive on about 5 levels! AND HE WROTE IT AS A BOAST! 

Share this with everyone.

From all of us following this race who are blue in the face from reminding Virginia just what they are getting, voting for this guy. We are all just trying to help Virginia avoid the buyers remorse that follows wherever Terry tries to sell his partisan snake oil.

PolitiFact Rules Terry McAuliffe a Liar(again)

Last weekend, in the first of a series of debates, Ken Cuccinelli and Terry McAuliffe squared off at the Homestead under the auspices of the Virginia Bar Association. The debate was focused mainly on the two men saying directly to each other what their campaigns and communication outfits had been saying to each other for months now. 

"GreenTech" 

"Ideologue!"

"Outsider!"

"Pro-Life!"

"Lack of ideas"

"GIFTS!"

It was at about this point in the debate, that Terry McAuliffe slipped up (again). Citing a legal report on the AG's admission and correction of unreported gifts from 2009 to 2012, Terry said that Cuccinelli "should have been prosecuted" for disclosure violations, but Virginia's law was too weak.

Without skipping a beat, Cuccinelli said he would leave this one up to fact checkers. Politifact has come back on Terry's statement almost immediately, rating it "Pants on Fire", the falsest of the false. To quote from their article, 

"McAuliffe said the ethics report said Cuccinelli "should have been prosecuted, but Virginia laws are insufficient."

There is nothing in the report that remotely supports McAuliffe’s claim. To the contrary, the report concludes Cuccinelli did not violate any laws.

McAuliffe’s hyperbolic statement is not only wrong, it defies any reasonable reading of the report. We rate his comment Pants on Fire."

With that, we begin (again)Watch 2013. How many of those tags will be assigned to the fallacies, manipulations, and outright lies before the election is over? This is not the first time that Terry McAuliffe has tried to steal the election on false laurels. By our count, there have been three big (again)'s. 

The recent three Pinocchio's he garnered from the Washington Post about Medicaid, the false ruling that Politifact gave his explanation of how GreenTech passed over hard-hit areas of Virginia for employment, and his constant strategy to divide Virginians based on ideology amidst an election about jobs and economic growth. Now this becomes the fourth.

Virginia does not need an injection of federal bureaucracy, and does not need a Governor who cares so little (if at all) about the average citizen. If Terry thinks he can lie his way into the Governor's mansion, then we will point out those lies; (again) and (again). 

VA GOP Caucus

vagopcaucus.blogspot.com

Galen Institute delineates 46 new IRS powers under Obamacare

The following is a cached copy of the article from the Galen Institute of June 5, 2013. This article for one reason or another is no longer available online, but is important nonetheless. 

The power granted to the IRS to enforce ObamaCare’s mandates, taxes, penalties, reporting, and other requirements is unprecedented. Based upon Government Accountability Office data, we count 46 new responsibilities assigned to the IRS under the health law.¹

IRS officials have acknowledged the huge problems these major new responsibilities will create for the agency.  On March 5, 2013, an official from the Treasury Department’s Inspector General for Tax Administration, J. Russell George, testified before the House Appropriations Committee. Mr. George was asked about the tax implications of ObamaCare.

“It is unprecedented in recent history, the amount of responsibility the IRS is being given in an area that most people don’t think of as an IRS function,” George said. Americans, he added, will have more questions about their taxes because of health care penalties or credits, flooding already busy call-in and walk-in tax help centers. “This is going to lead to problems, sir,” he testified.

Many people are especially concerned about assigning an unprecedented number of major new responsibilities to implement ObamaCare to an agency whose primary task is collecting revenues to fund the Federal government.

We have used the GAO list as the basis for our list and have organized it by categories of new tasks:  Collecting taxes, distributing subsidies, collecting information, and enforcing compliance.

Collecting taxes²

1. Charitable Hospital Tax: Imposes additional reporting requirements for charitable hospitals to qualify as tax-exempt under IRC 501(c)(3) and requires hospitals to conduct a community health needs assessment at least once every 3 years and to adopt a financial assistance policy and policy relating to emergency medical care.
2. Codification of the “Economic Substance Doctrine”: Clarifies and enhances the applications of the economic substance doctrine and imposes penalties for underpayments attributable to transactions lacking economic substance.
3. “Black liquor” tax hike: Amends the cellulosic biofuel producer credit (nonrefundable tax credit of about $1.01 for each gallon of qualified fuel production of the producer) to exclude fuels with significant water, sediment, or ash content (such as black liquor).
4. Tax on Innovator Drug Companies: Imposes a fee on each covered entity engaged in the business of manufacturing or importing branded prescription drugs.
5. Blue Cross/Blue Shield Tax Hike: Limits eligibility for deductions under section 833 (treatment of Blue Cross and Blue Shield) unless the organizations meet a medical loss ratio standard of at least 85 percent for the taxable year.
6. Tax on Indoor Tanning Services: Imposes a tax on any indoor tanning service equal to 10 percent of amount paid for service.
7. Medicine Cabinet Tax: Repeals the tax exclusion for over-the-counter medicines under a Health Flexible Spending Arrangement (FSA), Health Reimbursement Arrangement (HRA), Health Savings Account (HSA), or Archer Medical Savings Account (MSA), unless the medicine is prescribed by a physician.
8. HSA Withdrawal Tax Hike: Increases tax on distributions from HSAs and Archer MSAs not used for medical expenses.
9. Employer Reporting of Insurance on W-2: Requires employers to disclose the value of the employee’s health insurance coverage sponsored by the employer on the annual Form W-2.
10. Surtax on Investment Income: Imposes an unearned income Medicare contribution tax of 3.8 percent on individuals, estates, and trusts on the lesser of net investment income or the excess of modified adjusted gross income (AGI + foreign earned income) over a threshold of $200,000 (individual) or $250,000 (joint).
11. Hike in Medicare Payroll Tax: Imposes an additional Hospital Insurance (Medicare) Tax of 0.9 percent on wages over $200,000 for individuals and over $250,000 for couples filing jointly.
12. Tax on Medical Device Manufacturers: Imposes a tax of 2.3 percent on the sale price of any taxable medical device on the manufacturer, producer, or importer.
13. High Medical Bills Tax: Increases the threshold for the itemized deduction for unreimbursed medical expenses from 7.5 percent of Adjusted Gross Income (AGI) to 10 percent of AGA (unless taxpayer turns 65 during 2013-2016 and then threshold remains at 7.5 percent).
14. Flexible Spending Account Cap: Limits health FSAs under cafeteria plans to a maximum of $2,500 adjusted for inflation.
15. Retiree Rx Drug Coverage Tax Hike: Allows the deduction for retiree prescription drug expenses only after the deduction amount is reduced by the amount of the excludable subsidy payments received.
16. Compensation Limit: Denies the business expenses deductions for wage payments made to individuals for services performed for certain health insurance providers if the payment exceeds $500,000.
17. PCORI Fee:  Imposes a fee through 2019 on specified health insurance policies and applicable self-insured health plans to fund the Patient-Centered Outcomes Research Trust Fund to be used for comparative effectiveness research.
18. Individual Mandate Tax: Requires all U.S. citizens and legal residents and their dependents to maintain minimum essential insurance coverage unless exempted starting in 2014 and imposes a fine on those failing to maintain such coverage.
19. Employer Mandate Tax: Imposes a penalty on large employers (50+ FTEs) who (1) do not offer coverage for all of their full-time employees, offer unaffordable minimum essential coverage, or offer plans with high out-of-pocket costs and (2) have at least one full-time employee certified as having purchased health insurance through a state exchange and was eligible for a tax credit or subsidy.
20. Tax on Health Insurers: Imposes an annual fee on any entity that provides health insurance for any U.S. health risk with net premiums written during the calendar year that exceed $25 million.
21. Excise Tax on Health Insurance: Imposes a 40 percent excise tax on high cost employer-sponsored health insurance coverage on the aggregate value of certain benefits that exceeds the threshold amount.

Distributing subsidies

1. Early Retiree Subsidy: Establishes a temporary reinsurance program to provide reimbursement for a portion of the cost of providing health insurance coverage to early retirees.
2. Nonprofit Tax Exemption: Provides tax exemption for nonprofit health insurance companies receiving federal start-up grants or loans to provide insurance to individuals and small groups.
3. Reinsurance Tax Exemption: Provides tax exemption for entities providing reinsurance for individual policies during first 3 years of state exchanges.
4. State Exchange Tax Credit: Provides premium assistance refundable tax credits for applicable taxpayers who purchase insurance through a state exchange, paid directly to the insurance plans monthly or to individuals who pay out-of-pocket at the end of the taxable year.
5. Cost-Sharing Subsidy: Provides a cost-sharing subsidy for applicable taxpayers to reduce annual out-of-pocket deductibles.
6. Small Business Tax Credit: Provides nonrefundable tax credits for qualified small employers (no more than 25 full-time equivalents (FTE) with annual wages averaging no more than $50,000) for contributions made on behalf of its employees for premiums for qualified health plans.
7. Small Business Tax Exclusion: Offers tax exclusion for reimbursement of premiums for small-group exchange participating health plans offered by small employers to all full-time employees as part of a cafeteria plan.
8. Indian Tribe Tax Exclusion: Allows an exclusion from gross income for the value of specified Indian tribe health care benefits.
9. Therapeutic Discovery Tax Credit: Establishes a 50 percent nonrefundable investment tax credit for qualified therapeutic discovery projects.
10. Adoption Tax Credit: Increases the maximum adoption tax credit and the maximum exclusion for employer-provided adoption assistance for 2010 and 2011 to $13,170 per eligible child.
11. Tax Exclusion for Dependent Coverage: Extends the exclusion from gross income for reimbursements for medical expenses under an employer-provided accident or health plan to employees’ children under 27 years.
12. Advance Tax Credit and Cost-Sharing Reductions: Allows advance determinations and payment of premium tax credits and cost-sharing reductions.
13. Health Care Services Loan Tax Exemption: Excludes from gross income amounts received by a taxpayer under any state loan repayment or loan forgiveness program that is intended to provide for the increased availability of health care services in underserved or health professional shortage areas.

Collecting Information

1. State Exchange Information Reporting: Requires state exchanges to send to Treasury a list of the individuals exempt from having minimum essential coverage, those eligible for the premium assistance tax credit, and those who notified the exchange of change in employer or who ceased coverage of a qualified health plan.
2. Exchange Participation Requirement: Outlines the procedures for determining eligibility for exchange participation, premium tax credits and reduced cost-sharing, and individual responsibility exemptions.
3. Taxpayer Information Disclosure: Authorizes IRS to disclose certain taxpayer information to HHS for purposes of determining eligibility for premium tax credit, cost-sharing subsidy, or state programs including Medicaid, including (1) taxpayer identity; (2) the filing status of such taxpayer; (3) the modified adjusted gross income of taxpayer, spouse, or dependents; and (4) tax year of information.
4. Insurance Provider Information Reporting: Requires every person who provides minimum essential coverage to file an information return with the insured individuals and with IRS.
5. Large Employer Information Reporting: Requires information reporting of health insurance coverage information by large employers (subject to IRC 4980H) and certain other employers.
6. Medicare Beneficiary Information Disclosure: Authorizes IRS to disclose certain taxpayer information to the Social Security Administration (SSA) regarding reduction in the subsidy for Medicare Part D for high-income beneficiaries. (Conforming amendment)

Enforcing compliance

1. Health Plan Penalty: Imposes a penalty on health plans identified in an annual Department of Health and Human Services (HHS) penalty fee report, which is to be collected by the Financial Management Service after notice by the Department of the Treasury (Treasury).
2. New Group Plan Penalty: Subjects new group health plans to certain Public Health Service Act requirements and imposes the excise tax on plans that fail to meet those requirements. (Conforming amendment)
3. Group Plan Compensation Discrimination Prohibition: Prohibits group health plans from discriminating in favor of highly compensated individuals.
4. Nonprofit Indicator System: Requires the independent institute partnering with the National Academy of Sciences (NAS) to implement a key national indicator system to be a nonprofit entity under section 501(c)(3).
5. Small Business Exemption for Cafeteria Plans: Allows small businesses to offer simple cafeteria plans-plans that increase employees’ health benefit options without the nondiscrimination requirements of regular cafeteria plans.

6. Corporate Tax Advance: Increases the required payment of corporate estimated tax due in the third quarter of 2014 by 15.75 percent for corporations with more than $1 billion in assets, and reduces the next payment due by the same amount.

Why in Virginia, Federal is a 4-Letter Word

Yesterday, Democrats across the Commonwealth herded to churches, elementary schools, and all manner of polling places to choose the rest of Terry McAuliffe's ticket. 

Ralph Northam's hard swing to the left paid off, he should probably send a thank you card to E.W. Jackson for a very nice push near the finish line. Jackson's questioning of Chopra's knowledge of the now-infamous Federal PRISM program was an important step to defeating the former Federal Chief Technology Officer. Jackson's recent ad slammed Chopra for his ties to the Obama administration and the proverbial scandal fountain that has erupted at the White House in recent weeks.

Jackson may have uncovered a key advantage here, knocking Chopra based on his Washington past. Virginia voters showed a bias (the correct one, I would argue). They are suspicious of ties to big greasy Washington politics. They're worried about the tactics that those federal ties bring into the election. Of course, knowing that, their choice for a gubernatorial candidate now makes zero sense.

Instead, Dems turned to a pair of state senators. Northam's no fed, but he did have to swing pretty far to the left to convince some skeptical money-trees on the left (see: Planned Parenthood and the Washington Post) that he will be a photo-negative of the conservative GOP ticket this year.

Mark Herring edged out prosecutor Justin Fairfax, even in his home county (insert pun here) for the AG nod as well. Herring, a Loudoun native, was not expected to carry Fairfax County, which was by and away the largest voting force in this election, covering almost fifteen percent of the total votes in the race. But he took it by a pretty comfortable 1,564 votes.

Yesterday showcased a bit of the sweat that Dems are putting on the Lieutenant Governor's office in this election particularly. Northam presiding over the split senate could be the last ray of sunshine to Dems fed up with the solidly red House and the prospect of Ken Cuccinelli behind the desk of the Governor.

But the real mystery of the Democratic primary...where were they? Turn-out at primaries is generally low thanks to an apathetic populace, but state-wide less than 140,000 votes were cast in the Attorney General contest. That's roughly two and a half percent of Virginia's registered voters. The LG race only came in a few thousand higher.

Where are the blue tides that Obama rode to victory last year? Have their dreams of hope and change abated? Are they inclined to reasonable thought now that they know their fearless leader listens to their conversations too? Are the Dems fed up with their choices? Either way, an apathetic and divided Democratic party can only mean good things for Cuccinelli, Jackson, and Obenshain in the fall.

VA GOP Caucus

vagopcaucus.blogspot.com

Megyn Kelly Reminds Us, Republican and Sexist are not Synonyms

It is not often that pen gets put to paper here and it is not about something negative that has bubbled its way forth to my attention. Last week there was an excellent segment on the news that I would like to call attention to...

Megyn Kelly featured pundit Erick Erickson, of the (admittedly Republican, but that's not the point) blog RedState. Erick was defending a stance against working mothers; arguing that it is natural for the female of a species to be "submissive" and that the male of the species was the protector and provider.

Don't mention that to her

Ms. Kelly's remarks are a reminder that successful women are not necessarily the wilting flowers that Dem Terry McAuliffe would like you to believe they are, and illustrates that McAuliffe is trying to play Virginia's women to win the governorship.

The story  was referring to these new statistics. They have found that 40% of females are now the breadwinners in their homes. Erickson was in the middle of a poorly-reasoned argument that gender roles are not interchangeable (well, that's what he was trying to say anyway) and tumbled down the road to damn-near-misogyny. Kelly took Erickson's pseudo-science to the net,

"In this country in the ’50s and ’60s there were huge numbers of people that … said it was science and fact if you were the child of a black father and white mother or vice versa you were inferior and not set up for success. Tell that to Barack Obama." 

"Why is this important?" you may ask. Well, it really is heartening to see a strong Republican woman who is standing up to idiotic and archaic absolutes of gender roles without someone dropping misplaced blame at the feet of conservatism. 

The backdrop of this campaign in the Commonwealth, and Terry McAuliffe's underhanded half-truthing antics make for a lot of misdirection and smoke-and-mirrors for Virginia's women. This is the Terry McAuliffe who left his newborn and recovering wife in the car and ditched her on the way to the hospital BOTH so he could collect a check . Oh, he also got kicked out of the delivery room in 1993 for yelling at the doctor about healthcare reform.

Terry McAuliffe's respect for women only reaches the exact distance to the bank; naturally, he wants to demonize his opponent. 

Terry would have you believe that Ken Cuccinelli and all Republicans behind him are cackling boogeymen, come to take away the Nineteenth Amendment and cast us all into the Dark Ages! That is false.

This is the perfect illustration to respond to the tripe that the McAuliffe campaign is spewing about the Attorney General waging a war on women. Republican and sexist are not synonyms and that is not always acknowledged in less-than-sportsman-like Dem campaigns. Megyn Kelly has reminded us of that.

Ken Cuccinelli is no more fighting a war on women than Megyn Kelly is. Terry and the Democratic party are trying to play those women for chumps by saying so. That tired old rhetoric out of the 19-whatever Democratic campaign book is getting old and no one believes it anymore.

VA GOP Caucus

vagopcaucus.blogspot.com

The Little Boy Who Cried "Racism"

The modern definition of "racist" is someone who is winning an argument with a Liberal.

-Peter Brimelow

The New York Times writer, Adolph Reed, published an Editorial piece today on the "Puzzle of Black Republicans". In it, Reed outlines reasons that Black Republicans have a choice; Reed's basic quandary is that either they(black Republicans) don't count as black, or they don't count as Republican. Reed compares the appointment of Congressman Tim Scott to "poll taxes, grandfather clauses, literacy tests". 

The Op. Ed. is littered with such baseless assumptions, broad generalizations, and maybe a touch of bigotry. Reed states that the reason for South Carolina Governor Nikki Haley's (an Indian-American Republican, herself) appointment of Rep. Tim Scott to replace retiring Senator Jim DeMint is that the whites of the GOP "don’t want to have to think of themselves, or be thought of by others, as racist." This is followed by a rambling history of civil rights going back to before Reconstruction.

Why does the Left immediately swarm on anyone of a different race that is succeeding and happens to be a Republican? It seems that every time a minority candidate from the GOP is advanced for their merits, they are either "blacks to undermine black interests" or "more tokens than signs of progress"? 

Strange that only the Democratic side of the media wants to turn this into a racial issue. Left-wingers are afraid to lose the traditionally-blue votes that come from the black community; so they rush to disqualify any minority that is gaining notoriety and happens to be a Republican. 

It is a favorite Dem tactic to force black and Republican to be thought of as mutually exclusive. It seems that whenever an accomplished, capable black person, who happens to be a Republican, is given an opportunity in politics, they are labeled as a sort of double agent against their race? Or against the Republican ethos? 

Is being conservative a pre-requisite move against the black community? Of course not, and the people that are distributing that drivel are simply trying to force partisanism on the black community. This kind of divisive and, to be frank, petty writing really has no merit. To make base assumptions about people based on the color of their skin? That's racism in and of itself, and it has no place in a conscience driven political system. 

President Obama's 7-Eleven Spending Nightmare

While even now Barack Obama is on the campaign trail in Iowa and Ohio, right here in the shadow of the Beltway the Treasury Department has released a study that snap-shot's the President's horrendous handling of this economy, and why . The summary of Federal spending for fiscal year 2012 (which ended September 30) has come out.

For every seven dollars that our government had, it has spent eleven (precisely $10.95).

Stir in the scope of our government, and the difference in those numbers and let that thought mull for a moment. With no regard for our fiscal integrity, this year Obama's giganto-government-machine has been burning through cash like dry lint and firewood.

Jeffrey Anderson of the Weekly Standard elucidates the reality of this problem clearly in a recent article.

"To illustrate this a bit differently, for every Jackson ($20) we’ve had available to spend under Obama, we’ve also borrowed a Hamilton ($10) and a Washington ($1) and spent those too.  The only thing is that, under Obama, we’ve (literally) spent the equivalent of 342 billion Jacksons, 342 billion Hamiltons, and 342 billion Washingtons — borrowing all of the Hamiltons and Washingtons."

President Obama desperately needs to take a leaf out of the books of Republican governors and legislatures.  While the Feds have dug the hole of debt even deeper, our own Governor McDonnell has the numbers on his side; posting a surplus and attracting both businesses and individuals to the Commonwealth. Fiscal responsibility isn't just common-sense, good policy.

Our deficit is passing $16.02 Trillion as I write this. the kind of reckless spending, strangling regulation, and backwards job "creation" policies that we have seen from this administration are outright dangerous.