Posted on

Who Really Pays Taxes in America? New Report Sheds Light on the Truth

unnamed 4

the staff of the Ridgewood blog

Ridgewood NJ, a new report by budget expert Matt Dickerson at EPIC is debunking a long-standing myth about who pays taxes in America. According to the report, which uses simple charts based on data from the Congressional Budget Office (CBO), the claim that “teachers and firefighters pay a higher share of their income in taxes than millionaires and billionaires” is far from the truth.

Continue reading Who Really Pays Taxes in America? New Report Sheds Light on the Truth

Posted on

“Inflation Reduction Act” : Big Loss for the Taxpayer and Jobs

0 Lightning strikes near the White House killing three people and injuring one in Washington 2408797054

the staff of the Ridgewood blog

Washington DC, University of Chicago professor Casey Mulligan has run the numbers on the economic impact of the Democrats  massive climate, tax and health bill. While mainstream media pundits are claiming a a big win for Democrats, Chicago professor Casey Mulligan  analysis shows a big loss for jobs, and higher taxes for middle class tax payers .

Continue reading “Inflation Reduction Act” : Big Loss for the Taxpayer and Jobs

Posted on

What The Pandora Papers Teach Us About Protecting Wealth

external content.duckduckgo 16

Jack Haney is the CEO and senior partner at Patriot Gold Group

Ridgewood NJ, The Pandora Papers leak serves as another reminder of the old saying, “time and truth are on the same side.” Of course, the public knows that the uber-wealthy direct teams of people to feverish protect their wealth. The public also knows that “the 1 percenters” do so while wielding power through the political class to tax working populations to fund more power grabs for themselves – and the political class.

Continue reading What The Pandora Papers Teach Us About Protecting Wealth

Posted on

Affordable Care Act is nothing more than a “Tax” ,and not health Insurance

jonathan_gruber_0

the staff of the Ridgewood blog

Ridgewood NJ, Senate Democrats made the Affordable Care Act the centerpiece of their effort to block the confirmation of Judge Amy Coney Barrett to the Supreme Court on Monday, portraying her as a threat to the landmark health care law passed more than a decade ago.

The silly fear mongering  hits the media ,”As the U.S. Supreme Court hears the latest challenge to the Affordable Care Act, health coverage for 800,000 New Jersey residents is at stake.”

Continue reading Affordable Care Act is nothing more than a “Tax” ,and not health Insurance

Posted on

Federal appeals court strikes down ObamaCare’s key funding mechanism known as the individual mandate

131001_POL_ObamacareWebsite1

 the staff of the Ridgewood blog

Washington DC, A federal appeals court upheld a lower court’s ruling that a key aspect of the ObamaCare law is unconstitutional ,setting up another likely Supreme Court showdown in a presidential election year.

The 5th Circuit U.S. Court of Appeals concluded by a 2-1 vote the original law’s key funding mechanism known as the individual mandate requiring most Americans to purchase health insurance or face a tax penalty . The original Supreme Court ruling  rule the individual mandate was a “tax “.

Continue reading Federal appeals court strikes down ObamaCare’s key funding mechanism known as the individual mandate

Posted on

President Trump’s Taxpayer First Budget

Trump thumbs up
May 23,2017

the staff of the Ridgewood blog

Ridgewood NJ, President Trump’s first proposed budget shows respect for the people who pay the bills. The administration’s “Calvin Coolidge style” proposal reverses the damaging trends from previous administrations by putting our nation’s budget back into balance and reducing our debt through fiscally conservative principles, all the while delivering on President Trump’s campaign promise not to cut Social Security retirement or Medicare. The budget’s combination of regulatory, tax, and welfare reforms will provide opportunities for economic growth and creation.

Trump Budget Facts:

President Trump’s budget is designed to put the taxpayer first, create jobs, and build economic growth.

President Trump’s budget finally balances the Federal budget and turns the deficit into a $16 billion surplus by 2027.

President Trump’s budget makes national defense a top priority by increasing defense spending by $54 billion.

President Trump’s budget increases funding for the Department of Veterans Affairs by $4.3 billion.

President Trump’s budget puts Americans’ safety first by providing $2.6 billion in increased funding for border security.

President Trump’s budget balances the budget and makes no cuts to either Medicare or Social Security retirement.

President Trump’s budget provides national paid family leave for the first time in the history of this country.

President Trump’s budget helps American families by implementing the first national paid family leave initiative.

President Trump’s budget saves the American people billions of dollars through welfare and regulatory reform.

President Trump’s budget sees a decline in debt as a percentage of GDP every year in the budget window.

Posted on

Health Care Begins With Full Repeal of Obamacare Tax

100113_doocy_obamacare_640

HEALTHCARE REFORM TO MAKE AMERICA GREAT AGAIN

Janaury 19,2017

the staff of the Ridgewood blog

Ridgewood NJ, Since March of 2010, the American people have had to suffer under the incredible economic burden of the Affordable Care Act—Obamacare. This legislation, passed by totally partisan votes in the House and Senate and signed into law by the most divisive and partisan President in American history, has tragically but predictably resulted in runaway costs, websites that don’t work, greater rationing of care, higher premiums, less competition and fewer choices. Obamacare has raised the economic uncertainty of every single person residing in this country. As it appears Obamacare is certain to collapse of its own weight, the damage done by the Democrats and President Obama, and abetted by the Supreme Court, will be difficult to repair unless the next President and a Republican congress lead the effort to bring much-needed free market reforms to the healthcare industry.

But none of these positive reforms can be accomplished without Obamacare repeal. On day one of the Trump Administration, we will ask Congress to immediately deliver a full repeal of Obamacare.

However, it is not enough to simply repeal this terrible legislation. We will work with Congress to make sure we have a series of reforms ready for implementation that follow free market principles and that will restore economic freedom and certainty to everyone in this country. By following free market principles and working together to create sound public policy that will broaden healthcare access, make healthcare more affordable and improve the quality of the care available to all Americans.

Any reform effort must begin with Congress. Since Obamacare became law, conservative Republicans have been offering reforms that can be delivered individually or as part of more comprehensive reform efforts. In the remaining sections of this policy paper, several reforms will be offered that should be considered by Congress so that on the first day of the Trump Administration, we can start the process of restoring faith in government and economic liberty to the people.

Congress must act. Our elected representatives in the House and Senate must:

Completely repeal Obamacare. Our elected representatives must eliminate the individual mandate. No person should be required to buy insurance unless he or she wants to.
Modify existing law that inhibits the sale of health insurance across state lines. As long as the plan purchased complies with state requirements, any vendor ought to be able to offer insurance in any state. By allowing full competition in this market, insurance costs will go down and consumer satisfaction will go up.
Allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system. Businesses are allowed to take these deductions so why wouldn’t Congress allow individuals the same exemptions? As we allow the free market to provide insurance coverage opportunities to companies and individuals, we must also make sure that no one slips through the cracks simply because they cannot afford insurance. We must review basic options for Medicaid and work with states to ensure that those who want healthcare coverage can have it.
Allow individuals to use Health Savings Accounts (HSAs). Contributions into HSAs should be tax-free and should be allowed to accumulate. These accounts would become part of the estate of the individual and could be passed on to heirs without fear of any death penalty. These plans should be particularly attractive to young people who are healthy and can afford high-deductible insurance plans. These funds can be used by any member of a family without penalty. The flexibility and security provided by HSAs will be of great benefit to all who participate.
Require price transparency from all healthcare providers, especially doctors and healthcare organizations like clinics and hospitals. Individuals should be able to shop to find the best prices for procedures, exams or any other medical-related procedure.
Block-grant Medicaid to the states. Nearly every state already offers benefits beyond what is required in the current Medicaid structure. The state governments know their people best and can manage the administration of Medicaid far better without federal overhead. States will have the incentives to seek out and eliminate fraud, waste and abuse to preserve our precious resources.
Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper products. Congress will need the courage to step away from the special interests and do what is right for America. Though the pharmaceutical industry is in the private sector, drug companies provide a public service. Allowing consumers access to imported, safe and dependable drugs from overseas will bring more options to consumers.

The reforms outlined above will lower healthcare costs for all Americans. They are simply a place to start. There are other reforms that might be considered if they serve to lower costs, remove uncertainty and provide financial security for all Americans. And we must also take actions in other policy areas to lower healthcare costs and burdens. Enforcing immigration laws, eliminating fraud and waste and energizing our economy will relieve the economic pressures felt by every American. It is the moral responsibility of a nation’s government to do what is best for the people and what is in the interest of securing the future of the nation.

Providing healthcare to illegal immigrants costs us some $11 billion annually. If we were to simply enforce the current immigration laws and restrict the unbridled granting of visas to this country, we could relieve healthcare cost pressures on state and local governments.

To reduce the number of individuals needing access to programs like Medicaid and Children’s Health Insurance Program we will need to install programs that grow the economy and bring capital and jobs back to America. The best social program has always been a job – and taking care of our economy will go a long way towards reducing our dependence on public health programs.

Finally, we need to reform our mental health programs and institutions in this country. Families, without the ability to get the information needed to help those who are ailing, are too often not given the tools to help their loved ones. There are promising reforms being developed in Congress that should receive bi-partisan support.

To reform healthcare in America, we need a President who has the leadership skills, will and courage to engage the American people and convince Congress to do what is best for the country. These straightforward reforms, along with many others I have proposed throughout my campaign, will ensure that together we will Make America Great Again.