The federal “fiscal cliff” deal. President Barack Obama’s health care overhaul. Gov. Jerry Brown’s sales and income tax initiative. That triumvirate of tax increases is kicking in for the state’s highest earners. Beginning this year — and in some cases retroactive to last — the wealthiest among us will see a greater share of their compensation captured not only by the federal government as a means of averting the fiscal cliff and funding health care reform but also as an antidote to the state’s long-running budget morass. “The increase in an already-high tax rate is a strong disincentive
Comments: * w/ Paul Sisson.
End result will be less revenue, not more, as earners flee to friendlier locales.
This triple whammy will see a fair amount of high earners(doers) leave to states directly east of the Golden State - Gov. Moonbeam will again act surprised that tax revenues are not meeting projections and will promptly enact other types of taxes/fees to make up for his intented mistakes!
A powerful storm expected to hit western South Dakota early this morning could break a nearly 100-year record. Rapid City may see the earliest major snowstorm in recorded history, according to the National Weather Service in Rapid City. Records date back to 1888. This very powerful storm prompted a blizzard warning stretching from Belle Fourche to Pine Ridge to be issued Thursday afternoon effective 6 a.m. today to 9 a.m. Saturday. Winds up to 50 mph are expected with 70 mph gusts. Snowfall amounts in Rapid City could reach up to a foot, obliterating the record of nearly three inches.
Nosy Be (Madagascar) - A mob in Madagascar lynched two Europeans and a local man Thursday suspecting them of murdering a young boy for his organs, the authorities and witnesses said. Residents on the tourist island of Nosy Be island went on a day-long rampage after a missing eight-year-old was reportedly found dead. "Rioters launched a manhunt and killed the Europeans," in the early hours of the morning, gendarmerie commander Guy Bobin Randriamaro told AFP. Hours later in a near-by suburb, a Malagasy was also killed, as mobs of hundreds of men roamed the streets and setting fires. According to
Lexington, Kentucky -- Obamacare is expected to increase patient demand for medical services. Combine that with a worsening shortage of doctors, and next year you may have to wait a little longer to get a doctor´s appointment. And the crowded emergency room may become even more so. There are approximately 48 million uninsured people in the United States. When the mandatory insurance rules of Obamacare kick in next year, and a couple dozen states expand who is eligible for Medicaid, you can bet more people are going to want to use their health benefits. In fact, so many people were
WASHINGTON - The U.S. government shutdown has divided hundreds of thousands of workers into those classified as critically important and others seen as less so, bruising egos and leaving many grappling with the financial toll of unpaid leave. "I´m heading in to be non-essential," said one Environmental Protection Agency worker on the metro transit system on Tuesday as she joined many others going to work just to cancel meetings, lock up files and set out-of-office messages on email and voice mail. The U.S. government shut down for the first time in 17 years after Congress failed to agree on a
After years of criticism for comments she made about transgender people, feminist activist Gloria Steinem wants to set the record straight. In an essay in The Advocate, Steinem updates pieces she wrote decades ago, explaining that she´s been quoted out of context since a 1977 essay that asked "if the shoe doesn´t fit, must we change the foot?" That question has been called transphobic by many in the years since she asked it, but Steinem said Wednesday that the Internet has been misquoting and browbeating her wrongly. Steinem now explains that she wrote that question in response to stories she´d
Roughly 4.7 million Americans went online Tuesday to browse the Obamacare health insurance exchanges prompting HealthCare.gov administrators to increase the site´s server capacity and create a new "wait page" to hold a person´s place in line until the site can load properly. On top of the Web traffic, 190,000 Americans used federal health insurance exchange call centers and another 104,000 requested live chats. "Now that quality, affordable coverage is within reach, we´re seeing that pent up demand break through, underscoring once again how important it was to fix our broken health care system," Centers for Medicare and Medicaid Services spokesman
UPDATE: The National Park Service allowed World War II veterans to visit their memorial on the National Mall Wednesday despite the government shutdown. The decision — the park service said their visits now constitute protected “First Amendment activity” — came as hundreds of veterans in their 80s and 90s from Kansas and Missouri defied federal orders that the site was closed Wednesday morning and visited it, anyway. The decision marked a 180-degree turn from park-service guidance Monday declaring that the open-air memorial would be closed during the shutdown. Washington politicians may have the time to debate how to fund the
Moscow - Russian investigators on Wednesday charged five Greenpeace campaigners with piracy over an open-sea protest against Arctic oil drilling, the environmental group said, calling the move an "outrage". The charge against the activists -- a Briton, a Finn, a Brazilian, a Russian and a dual US-Swedish citizen -- dimmed hopes that 25 others detained over the protest could be indicted on a lesser charge. Piracy by an organised group carries a punishment of between 10 and 15 years. A spokeswoman for the Moscow-based Investigative Committee declined to provide details of the charges, confirming only that the activists from the
Greenville, South Carolina -- Lauren Zanardelli and Graham Foster are the kind of customers the government needs to make Obamacare work. The chefs own and operate a bright orange hipster magnet called the Neue Southern Food Truck. The farm-to-table vehicle stands out in Greenville, South Carolina, even among the new gastropubs that dot the city´s charming Main Street. Today Zanardelli and Foster are zooming around their rented kitchen on the edge of town, preparing deep-fried Brussels sprouts, Ramen with seaweed and pumpkin sweet rolls. They won´t have time after their 12-hour work day to explore the new health insurance marketplaces
NEW YORK — A new survey of U.S. Jews has confirmed some of the community’s worst fears: One in five American Jews say they have no religion, and their ranks appear to be growing. Jews in this category feel pride in being Jewish and a strong sense of belonging to the greater Jewish community. But they say their connection is based mostly on culture and ancestry, not necessarily on belief in God or observance of religious law. A large majority said remembering the Holocaust, being ethical and advocating for social justice formed the core of their Jewish identity.
New York City — US pharmaceutical giant Merck said Tuesday it would eliminate an additional 8,500 jobs worldwide as it seeks to cut costs by $2.5 billion by the end of 2015. The new job cuts, combined with previously announced cuts of about 7,500, will slash 20 percent of the current global workforce of 81,000 by end-2015, Merck said in a statement. The company, which has been under pressure after the expiration of patents on some key drugs, said that most of the savings will come from marketing and administrative expenses, and research and development (R&D). Merck said it expected
Sheriff´s deputies will try as soon as Tuesday to recover the bodies of five people who died in a rockslide near a scenic Colorado waterfall. The lone survivor of the rockslide, 13-year-old Gracie Johnson, was taken to Children´s Hospital Colorado near Denver. Her condition is unknown. Chaffee County sheriff´s deputies rescued her from the debris Monday after tons of rock careered down on a vantage point looking up on Agnes Vaille Falls in Nathrop, Colorado, sometime before 11 a.m. Monday. The site is about 120 miles southwest of Denver. While authorities have not released the identities of the dead, the
Tom Hanks is already declaring his presidential pick for 2016, there’s just one, small problem: a little thing called term limits. The star of “Captain Phillips,” told ITK at the soon-to-be-released film’s Wednesday premiere at the Newseum in Washington, “I’m voting for Barack Obama — 2016.” A laughing Hanks, who supported Obama during his 2008 White House bid, added, “Yes, I am! Four more years.” The Academy Award winner, 57, plays Captain Richard Phillips in the flick, based on the seaman’s book on the real-life 2009 hijacking of his cargo ship by Somali pirates. Hanks told ITK it was an
In case there´s any doubt as to who´s to blame for this outrage, a spokesman for National Park Service said the White House Office of Management and Budget ordered up the blockades.Even Bill Clinton didn´t have the audacity to try such a thing during the 1995 government shutdown.As the AP reported at the time, "tourists were free to wander the halls of the Capitol, touch the walls of the Vietnam Memorial and climb the steps of the Lincoln Memorial to read the Gettysburg Address — those and other similar sites don´t require supervision of federal employees." This isn´t the first time
President Obama told CNBC’s John Harwood that while he’s been president, he’s “bent over backwards to work with the Republican party.” Obama boasted: During the course of my presidency, I have bent over backwards to work with the Republican party. I think I’m pretty well known for being a calm guy. Sometimes people think I’m too calm. And am I exasperated? Absolutely, I’m exasperated. Because this is entirely unnecessary. I am exasperated with the idea that, unless I say that, ‘Twenty million people, you can’t have health insurance,’ these folks will not reopen the government. That is irresponsible. The President asserted that he’s
More than a dozen House Republicans who want to drop attempts to undermine the health-care law and reopen the government are meeting among themselves and with House Speaker John Boehner -- and he’s listening. For the past few weeks, Boehner’s hand has been guided by a group of Tea Party-aligned Republican House members who’ve urged little compromise in their three-year drive to undo the 2010 Affordable Care Act, also known as Obamacare. Now, the agitation is coming from the other side of the caucus. A bipartisan group of about 40 House lawmakers are holding private talks to find a compromise
Despite an emergency meeting at the White House, congressional leaders reported no progress late Wednesday on trying to reach a budget deal -- while over on Capitol Hill, tempers were flaring and lawmakers were melting down on the floor of the House. The top four congressional leaders took a stab, during an hour-long White House meeting, at negotiating with President Obama over the impasse. There was no breakthrough. House Speaker John Boehner emerged saying he had a "nice, polite conversation" but complaining that Obama would not budge off his demand that Congress pass a straight budget bill -- one that does not
Because Barack Obama was elected on a campaign promise of “fundamentally transforming” the United States, and because our nation then proceeded to lose much of its international influence and domestic economic dynamism, it is easy to say “this is intentional. It’s just what he wants.” Yet while Obama might, in his heart of hearts, not bemoan the loss of jobs and economic growth at home, and American power and prestige abroad, ascribing it to an intentional effort gives Obama credit for qualities and skills he does not possess. Neocon David Horowitz entitled a recent fundraising letter for his Freedom Center “Urgent: Is
The bizarre attack at the White House and Capitol today was reportedly perpetrated by a 34-year-old dental hygienist licensed in Connecticut. Miriam Carey, who was killed by law enforcement after ramming White House barricades and fleeing to the Capitol, had a toddler in the car with her, according to New York Post reporting: Sources said Miriam Carey, who formerly lived in Brooklyn, was licensed to practice in New York and Connecticut and had a permit to work as a hygienist in Connecticut prisons. At least a dozen gunshots were fired when she tried to flee cops, who had trapped her two blocks
On Tuesday morning, seven National Park Service employees were seen erecting and tending to a barricade around the World War II memorial in Washington, D.C. One NPS employee was operating a forklift. There usually aren´t any NPS employees working at the World War II memorial. A couple hours later, when an Honor Flight of World War II veterans arrived, accompanied by Democratic and Republican members of Congress, the fences blocking the memorial were easily moved away, allowing the veterans to enter. But the barriers are still at the memorial, and they´ve been reinforced. This morning, I walked by the memorial and noticed
The shutdown battle has become, essentially, a high-stakes blame game.(snip)But in a note to clients, Potomac Research Group´s Greg Valliere says that President Obama still has one "trump card" of his own left to play, Social Security: THE HEAVY ARTILLERY: We have thought for weeks that Obama would play the Social Security trump card if there was no deal on the debt ceiling by mid-October. This is one of several reasons why we think a default is unlikely, and it´s one of several reasons why Boehner will capitulate; the only questions are when and under what terms. We think he may
Ted Cruz faced a barrage of hostile questions Wednesday from angry GOP senators, who lashed the Texas tea party freshman for helping prompt a government shutdown crisis without a strategy to end it. At a closed-door lunch meeting in the Senate’s Mansfield Room, Republican after Republican pressed Cruz to explain how he would propose to end the bitter budget impasse with Democrats, according to senators who attended the meeting. A defensive Cruz had no clear plan to force an end to the shutdown — or explain how he would defund Obamacare, as he has demanded all along, sources said. Things
The revisions downward begin. Yesterday, Obamacare exchanges were melting down because of the intense interest in signing up. All the citizens were flooding the gates for all the insurance! Why, in California there were 5 million visitors. No technologist could prepare for such an onslaught. Here’s what really happened: California’s health insurance exchange vastly overstated the number of online hits it received Tuesday during the rollout of Obamacare. State officials said the Covered California website got 645,000 hits during the first day of enrollment, far fewer than the 5 million it reported Tuesday. The state exchange had cited the 5 million figure as a
Conservative talker Mark Levin has a stern warning for President Barack Obama and his administration: Don’t mess with the World War II veterans. Levin, author of “The Liberty Amendments: Restoring the American Republic,” told his audience on his Wednesday radio show should there be any action taken against those veterans for visiting the World War II Memorial on the National Mall, even with the government shutdown, he would bring 500,000 people to march on the Washington, D.C. in response. “I want to tell you folks something — I want to say this loud and clear to the people