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IRS says ‘tax avoidance’
at heart of Solyndra
bankruptcy plan
Washington Times, by Jim McElhatton
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Original Article
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Posted By:mambo 5, 10/12/2012 8:31:54 AM
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| The Internal Revenue Service urged a bankruptcy judge to reject solar panel maker Solyndra LLC’s bankruptcy plan Wednesday, saying it amounts to little more than an avenue for owners of an empty corporate shell to avoid paying taxes. “The undeniable conclusion is that tax benefits drive this plan,” attorneys for the IRS wrote in a bankruptcy pleading. Arguing that the bankruptcy court ought not confirm a plan “whose principal purpose is tax avoidance,” attorneys said in filings in U.S. Bankruptcy Court in Delaware that the tax breaks would be worth more money than funds set aside for creditors.
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Comments:
Delaware.....Joe Biden's Delaware? An interesting place to be holding a bankruptcy proceeding for a company that was physically in California.
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Reply 1 - Posted by:
not so little nell, 10/12/2012 8:54:23 AM (No. 8927838)
I read this and instantly thought of the plotline of the movie "The Producers".
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Reply 2 - Posted by:
Robinsolana, 10/12/2012 9:10:25 AM (No. 8927879)
Obama and his green subsidy OBundlers, corrupt and corrupting.
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Reply 3 - Posted by:
Attila DiMedici, 10/12/2012 9:25:09 AM (No. 8927917)
Just reading this article told me a lot about what is wrong with our economy. Something that is not Obama's fault. Net operating losses ARE losses. They should never be viewed as assets. If our tax code and regulatory environment has (and it has) created a situation in which losses are assets, there is a fundamental structural flaw in our economy.
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Reply 4 - Posted by:
O.S. Banker, 10/12/2012 9:28:59 AM (No. 8927936)
IF the money quote is verbatim, the IRS Attorney's have lost the argument. Accounting 101: Tax evasion is a crime. Tax avoidance is asset preservation through aggressive management.
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Reply 5 - Posted by:
mc squared, 10/12/2012 10:17:08 AM (No. 8928073)
Doesn't everyone avoid tax when they can? I saved a half-mil by registering my yacht in Rhode Island instead of Mass.
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Reply 6 - Posted by:
lylacat, 10/12/2012 12:02:30 PM (No. 8928345)
The Solyndra deal was a stinker from the beginning. 0bama gave millions of dollars to a failing company; he knew it was failing, but he did it anyway, since his bundlers and friends would reap the benefit of these millions. 0bama then rewrote contract law so that the taxpayers would be the last to get their money back; first in line were his friends who would run the company. Then when the company went bust, 0bama's friends stayed on and milked every dime out of it they could; now they do not want to pay the taxes. They should go to prison.
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Below, you will find ...
Most Recent Articles posted by "mambo 5"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "mambo 5"
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Obama sends Congress $3.77T
spending plan, riles both sides
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FoxNews, by Staff
Original Article
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Posted By: mambo 5- 4/10/2013 11:10:26 AM
Post Reply
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President Obama found himself weathering bipartisan broadsides Wednesday as he sent Congress his 2014 budget proposal, which in its effort to please both sides of the aisle has ended up angering both. The budget arrived on Capitol Hill Wednesday morning, delivered 65 days after the legal deadline. The $3.77 trillion spending plan, which is over 2,000 pages, tries to curb deficits by further raising taxes on top earners and reining in the growth of Social Security.
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Ex-Detroit mayor convicted
of sweeping corruption charges
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Reuters, by Steve Neavling
Original Article
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Posted By: mambo 5- 3/11/2013 1:14:47 PM
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Former Detroit Mayor Kwame Kilpatrick, once seen as a rising star in Democratic Party politics, was convicted on Monday on two dozen federal charges of corruption and bribery while in office. U.S. prosecutors accused Kilpatrick, 42, his father and a city contractor of widespread corruption, extorting bribes from contractors who wanted to be awarded or keep city contracts, turning the mayor´s office into "Kilpatrick Incorporated" during his seven year tenure.
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IRS moves to collect billions
in fees from healthcare law
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The Hill, by Ben Goad
Original Article
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Posted By: mambo 5- 3/2/2013 3:09:22 AM
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The Internal Revenue Service on Friday unveiled its proposal to raise tens of billions of dollars through annual fees on health insurers, prompting fierce criticism from industry groups who warn the costs will be passed along to consumers. The proposed rule from President Obama´s healthcare law will be published for public consideration in Monday’s Federal Register. The rule would assess annual fees on most insurers that would total $8 billion next year and rise thereafter, eclipsing $14 billion in 2018, according to the IRS.
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Former Clinton aide, columnist joins Woodward
in claiming White House threat
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FoxNews, by Staff
Original Article
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Posted By: mambo 5- 2/28/2013 4:51:20 PM
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Another member of the Washington political media stepped forward Thursday to claim he was threatened by the Obama White House, shortly after the White House denied reports that an adviser threatened famed Watergate journalist Bob Woodward. The latest claim comes from Lanny Davis, who served as counsel to former President Bill Clinton and later went on to write a column for The Washington Times.
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Obama’s Backers Seek
Big Donors to Press Agenda
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New York Times, by NICHOLAS CONFESSORE
Original Article
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Posted By: mambo 5- 2/26/2013 8:56:13 AM
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President Obama’s political team is fanning out across the country in pursuit of an ambitious goal: raising $50 million to convert his re-election campaign into a powerhouse national advocacy network, a sum that would rank the new group as one of Washington’s biggest lobbying operations. (snip)But those contributions will also translate into access, according to donors courted by the president’s aides.
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Detroit is in financial emergency,
state-appointed review finds
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Associated Press, by Staff
Original Article
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Posted By: mambo 5- 2/20/2013 9:32:09 AM
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The fiscal crisis plaguing Detroit is now in the hands of Michigan´s governor after a state-appointed review team determined the city was in a financial emergency with "no satisfactory plan" to resolve it. Republican Gov. Rick Snyder has 30 days to decide if Detroit needs an emergency manager to take charge of its finances and spending, and come up with a new plan to get the city out of its financial mess. (Snip)The report also said the city´s bureaucratic structure makes it difficult to solve the financial problems.
Intro repaired by staff
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Company Threatens To Leave
Colorado If Ammo Limit Law Is Passed
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KCNC-TV [Denver, CO], by Rick Sallinger
Original Article
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Posted By: mambo 5- 2/18/2013 4:26:44 PM
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Erie, Colo. – A Colorado company is threatening to leave the state if a bill to ban high-capacity ammunition magazines becomes law. CBS4 Investigator Rick Sallinger toured the company in Erie. They said they would certainly prefer to stay. The company is called Magpul. Among other products, they make ammunition magazines which can hold up to 30 rounds. Tuesday night a state House committee took the first step towards banning them. The company’s chief operating officer, Doug Smith, made it clear to the state legislature that if the bill becomes law they will leave Colorado.
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Conservative Hispanic group
tells GOP to avoid ‘amnesty’ label
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Yahoo News, by Liz Goodwin
Original Article
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Posted By: mambo 5- 1/29/2013 2:08:30 PM
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A conservative pro-immigration reform group has issued talking points to Republican lawmakers, telling them to avoid referring to the U.S. citizen children of illegal immigrants as "anchor babies" or calling for the construction of an "electric fence" on the border, among other things. (Snip) The memo urges lawmakers to call them "undocumented immigrants" and to avoid terms such as "aliens" or "illegals," which are seen as offensive and dehumanizing. Another phrase to avoid? "Send them all back."
Link repaired and Snip added by staff.
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Top Japanese Official Urges Elderly
to ‘Hurry Up and Die’
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ABC News, by Aiko Fujita
Original Article
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Posted By: mambo 5- 1/23/2013 11:52:14 AM
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TOKYO – Taro Aso has never been one to hold his tongue. But Japan’s 72 year-old deputy prime minister may have outdone himself with his latest gaffe. At a government panel to discuss social security reforms, the former prime minister called the elderly who are unable to feed themselves “tube people,” then proceeded to say the elderly should be allowed to “hurry up and die” to reduce the burden on a country tasked to pay for their medical expenses.
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Morsi: Boycott USA, Jews
´Descendants of Apes and Pigs'
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Brietbart, by Joel Griffith
Original Article
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Posted By: mambo 5- 1/7/2013 10:01:41 AM
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The Middle East Media Research Institute (MEMRI) released a video of Egyptian President Mohamed Morsi delivering racist, anti-Semitic, and anti-American remarks . The incendiary rhetoric becomes relevant now that the Obama administration plans to give 200 Abrams tanks and 10 F-16 fighter jets to the Morsi government. Morsi expounded on his anti-American and anti-Zionist views in 2010, as a member of the Guidance Office of the Muslim Brotherhood.
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Clinton will not testify
before Congress on Libya,
purported concusion cited
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Fox News, by Staff
Original Article
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Posted By: mambo 5- 12/15/2012 4:28:56 PM
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Secretary of State Hillary Clinton will not be able to testify next week before House and Senate panels on the Benghazi issue because she sustained a concussion, a top State Department official said Saturday. Clinton was a scheduled to testify Thursday on the Sept. 11 attack on the U.S. Consulate in Benghazi, Libya, in which U.S. Ambassador Christopher Stephens and three other Americans were killed. Deputy Assistant Secretary of State Philippe Reines said Saturday that Clinton is suffering from a stomach virus, fainted and hit her head, which caused the concussion. However, he did not say when
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Geithner: End debt ceiling,
´sooner the better´
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CybercastNews Service, by Elizabeth Harrington
Original Article
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Posted By: mambo 5- 11/20/2012 7:47:30 AM
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Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity. On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just eliminate the debt ceiling.” “Oh, absolutely,” Geithner said. ... “It would have been time a long time ago to eliminate it. The sooner the better."
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Most Active Articles (last 48 hours)
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Mark Levin: ‘Fascist’ GOP
congressman is trying to
have his show pulled off air
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Daily Caller, by Jeff Poor
Original Article
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Posted By: KarenJ1- 4/14/2013 9:22:21 AM
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On his Friday show, syndicated talk show host Mark Levin said that a Republican congressman is attempting to persuade one of his affiliates to remove his show from the airwaves. Although Levin would not offer the congressman’s name on air, he has been a vocal critic of various members of the House Republican leadership in the past. But Levin called the situation “fascism.” “Well, it has come to my attention that there is a Republican congressman out there who doesn’t like what I’ve been saying,” Levin said. “It has come to my attention that there is a
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Tip Line: Did Your Editor Spike
Kermit Gosnell Coverage?
Report It Here Anonymously
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PJ Media, by Staff
Original Article
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Posted By: Dreadnought- 4/13/2013 11:58:10 PM
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Few Americans can not answer this question: who is the worst domestic mass murderer in United States’ history? Due to the United States media, most are aware that Timothy McVeigh slaughtered 168 people with a bomb in 1995. Most Americans also know the names of our three most monstrous serial killers: “The Green River Killer” Gary Ridgeway, Ted Bundy, John Wayne Gacy. The U.S. media is again responsible for the general awareness of these men; these stories deserved — and received — national attention due to our common interest in personal safety, the rule of law
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Are We Being Compromised
by Barack Obama´s Murky Past?
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American Thinker, by James A. Lyons
Original Article
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Posted By: Desert Fox- 4/15/2013 6:18:58 AM
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Since he first became a presidential candidate, President Obama must have spent millions of dollars in legal expenses to combat dozens of so-called "birther" challenges seeking the original documents pertaining to his birth. As president, he famously issued an electronic document on the White House website in 2011; the document purported to be his long-form birth certificate, though it is apparently a forgery. In addition, he has taken great pains to hide the paper trail of passport records, college transcripts, and other data -- all of which a prospective employer might require of a job applicant.
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Why Aren’t More People
Repelled by the Left?
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Power Line, by John Hinderaker
Original Article
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Posted By: StormCnter- 4/14/2013 6:12:20 AM
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Here is something I don’t understand: liberals are often revealed as vile, vulgar hatemongers–not all of them, of course, but far too many–yet they never seem to pay a penalty at the polls. Why is that? Margaret Thatcher’s death has been the latest occasion for the Left to show its true stripes. All across the U.K., there have been demonstrations–vulgar at best, and violent at worst. In Bristol, lefties celebrating a Thatcher “death street party” started fires, destroyed property and battled police: This evening in Trafalgar Square, liberals have turned out for a long-planned celebration of Thatcher’s death:
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Gitmo Is Killing Me
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New York Times, by Samir Naji al Hasan Moqbel
Original Article
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Posted By: Drive- 4/15/2013 8:29:32 AM
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ONE man here weighs just 77 pounds. Another, 98. Last thing I knew, I weighed 132, but that was a month ago. I’ve been on a hunger strike since Feb. 10 and have lost well over 30 pounds. I will not eat until they restore my dignity. I’ve been detained at Guantánamo for 11 years and three months. I have never been charged with any crime. I have never received a trial.
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Exclusive: Newtown shooter
Adam Lanza taunted and beaten
by fellow students when he
attended Sandy Hook Elementary
School, relative reveals
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New York Daily News, by Matthew Lysiak & Larry Mcshane
Original Article
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Posted By: JoniTx- 4/14/2013 10:33:17 AM
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Newtown killer Adam Lanza’s mother considered suing Sandy Hook Elementary School after teachers turned a blind eye to beatings from his classmates, a family member claims. The relative, speaking to the Daily News, claimed that mass murderer Lanza was taunted and attacked by fellow students at his childhood alma mater. “Nancy felt fiercely protective of him,” the relative said. “She was convinced the school wasn’t doing enough to protect Adam. It made her irate.” Nancy Lanza — gunned down by her 20-year-son to start his Dec. 14 rampage — even tagged along with Adam to school
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Rubio Offers Full-Throated
Support for Immigration Bill
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New York Times, by Brian Knowlton
Original Article
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Posted By: LittleHoodedMonk- 4/14/2013 5:33:09 PM
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The impending introduction of legislation to overhaul the country’s badly strained immigration system received an extraordinary endorsement on Sunday from Senator Marco Rubio, Republican of Florida, who, after holding back for weeks, appeared on no fewer than seven television talk shows to explain and defend a plan that he said would be “a net positive for the country, now and in the future.” It was a striking show of confidence from Mr. Rubio, one of eight members of a bipartisan Senate group that has been crafting a plan to provide a path to legal status for undocumented immigrants;
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Is media bias to blame for lack
of Gosnell coverage?
Or something far more banal?
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Washington Post, by Paul Farhi
Original Article
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Posted By: mitzi- 4/14/2013 10:03:20 PM
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Is media bias to blame for lack of Gosnell coverage? Or something far more banal? The trial of Philadelphia doctor Kermit Gosnell would seem to have all the elements of a spectacular news story: shocking allegations, horrifying visuals, sympathetic victims. Yet until late last week, much of the national media was silent as testimony about Gosnell’s alleged “house of horrors” abortion clinic rolled out. Much of the media attention outside Philadelphia, in fact, centered on how little media attention the story was receiving outside Philadelphia.
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Meredith Baxter, Patty
Duke to Play Lesbian
Couple on Upcoming ´Glee´
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Breitbart´s Big Hollywood, by Breitbart News
Original Article
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Posted By: KarenJ1- 4/15/2013 11:12:19 AM
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Two veteran TV actresses may join the cast of Fox´s Glee after their upcoming appearance as a kindly lesbian couple. Meredith Baxter, known for being the All-American Mom on Family Ties, and Patty Duke who soared to fame in her self-titled series, will offer guidance to a gay character considering popping the question to his partner. According to a Friday report at E!, Oscar winner Patty Duke and longtime television star Meredith Baxter will play a lesbian couple. Not only that, regular character Blaine played by Darren Criss will propose to
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Obama’s plan hatched
at Columbia University
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Human Events, by Wayne Root
Original Article
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Posted By: EnsignO- 4/14/2013 12:55:47 PM
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President Obama and I were college classmate at Columbia University, class of ’83. I know all too well how mindlessly liberal the students and faculty of that institution can be, and Barack Obama is certainly no exception. My time at Columbia made it crystal clear: liberals always believe they are morally superior. [Snip] It is in this cesspool of intolerance that Obama and his Marxist cronies hatched a secret plan to destroy our country. There are two things you need to know about Obama at Columbia University. First, he was Pre Law and a Political Science major- just like me.
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Obama Shoots Hoops
with Reggie Love
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Weekly Standard, by Daniel Halper
Original Article
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Posted By: JoniTx- 4/14/2013 3:20:00 PM
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Just weeks after going 2 for 22 on the basketball court, President Barack Obama went to shoot hoops again -- but this time there were no camers allowed. He was joined by his former aide Reggie Love, who played basketball for Duke. Here are today´s pool report: Sunday morning hoops -POTUS, wearing baseball cap and casual clothes, trotted down north steps of WH to waiting motorcade at 9:24 am. Arrived at FBI for basketball 9:30 am. ...Motorcade departed FBI at 11:36, arrived WH at 11:40 am. Tourists lined road snapping pix at start of trip
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