Racist Teabaggers Slap Around Wizened Senior Citizen From New York

You would think getting beat by the 1 -7 Cowboys would have been enough bad news for New Yorkers this week but now those irascible Democrats that sit on the Nancy Pelosi led House Ethics committee, maybe as a refudiation to the Congressional Black Congress, have found New York's most famous rent dodger guilty of 11 of 13 counts.

Or so says Mediaite.



Now with video!

Pelosi Calls In Her Marker

Nancy Pelosi has apparently called in the marker she had on Charlie Rangel for keeping him on as Chairman of the House Ways and Means Committee.

House Ways & Means Committee Chairman Charlie Rangel (D-N.Y.) held a hearing this morning to certify that H.R. 3200 -- the main House Obamacare bill which was the subject of all the town hall rage in August -- has met all requirements to pass as a “budget reconciliation” measure.

Under reconciliation, the bill can be passed by a simple majority vote in the Senate -- just 51 votes -- and will be given preferential treatment on the House floor as well. The Dems have apparently invoked the “nuclear option” to shut out Republicans and ensure the bill is passed before the end of the year.

The bill certified for “reconciliation” is the Ways & Means version of H.R. 3200 that was passed out of committee before the August break, and before it was read aloud at town hall meetings across the country and blasted by voters across the country.
It contains all of the horrors previously exposed: federal funding of abortion, coverage for illegal aliens, comparative effectiveness, healthcare rationing, deep cuts to Medicare. Everything the American people overwhelmingly reject.

Queen Nancy and her like minded progressives in congress seem hell bent on cramming this down our throats. Nancy probably doesn't have much to worry about, but for those congress critters who have constituents who don't go around in a constant drug induced stupor, this could cause trouble.

Of course all these different versions of these bills have to still be mashed together, but I think once it is done Frankenstein is going to be viewed as a beauty pageant winner in comparison. And this bill will be far more dangerous.

H.R. 6275 Alternative Minimum Tax Relief Act of 2008

Well that is the name of it. And it is winding it's way through congress.

6/17/2008--Introduced.
Alternative Minimum Tax Relief Act of 2008 - Amends the Internal Revenue Code to: (1) increase and extend through 2008 the alternative minimum tax (AMT) exemption amounts; (2) extend through 2008 the offset of certain nonrefundable personal tax credits against regular and AMT tax liabilities; (3) treat net income and loss from an investment services partnership interest as ordinary income and loss; (4) deny major integrated oil companies a tax deduction for income attributable to domestic production of oil, gas, or primary products thereof; (5) limit tax treaty benefits with respect to U.S. withholding of tax requirements imposed on certain tax deductible payments made directly to a foreign parent corporation; (6) require payment settlement entities to report certain identifying information to the Internal Revenue Service (IRS) relating to the settlement of payment card and third party network transactions; and (7) extend the applicability of the continuous levy for delinquent taxes on payments due to a vendor to property or services sold or leased to the federal government (currently, applicable to goods or services).
Amends the Tax Increase Prevention and Reconciliation Act of 2005 to increase estimated tax payments due in the third quarters of 2012 and 2013 for certain large corporations (corporations with assets of at least $1 billion).

Charlie Rangel introduced this bill and you would think by the title some sort of relief was forth coming, but that isn't the case at all. There is no relief, just a change in the level of income at which the AMT will kick in. The whole thing needs to be abolished.

(a) In General- Paragraph (1) of section 55(d) is amended--

(1) by striking ‘($66,250 in the case of taxable years beginning in 2007)’ in subparagraph (A) and inserting ‘($69,950 in the case of taxable years beginning in 2008)’, and

(2) by striking ‘($44,350 in the case of taxable years beginning in 2007)’ in subparagraph (B) and inserting ‘($46,200 in the case of taxable years beginning in 2008)’.

And as far as Chris "Sweetheart Deal" Dodd is concerned, here is how he is going to deflect from the whole Countrywide scandal.

S. 3188: A bill for the liquidation or reliquidation of certain entries of top-of-the-stove...

A bill for the liquidation or reliquidation of certain entries of top-of-the-stove stainless steel cooking ware from the Republic of Korea, and for other purposes.

I guess he got a bad sauce pan from Korea or something, because by golly molly he is going to send the full weight and force of the US government against the stainless steel cooking ware industry. Shady practices by large mortgage companies resulting in a severe impact to the US economy,...Not so much.