Saturday, January 9, 2010

WSJ - Climate Change Archive - WSJ.com

Climate Change Archive - WSJ.com:
The WSJ Guide to Climate Change A collection of our editorials and op-eds.

WSJ's Guide to ObamaCare - WSJ.com

WSJ's Guide to ObamaCare - WSJ.com: "The WSJ Guide to ObamaCare
A comprehensive collection of our editorials and op-eds."

Thursday, January 7, 2010

REGION: California's new 'kid tax' hits home

REGION: California's new 'kid tax' hits home:

Dependent credit slashed more than $200 per child in 2009
By BRADLEY J. FIKES - bfikes@nctimes.com
Posted: Wednesday, January 6, 2010 10:40 pm

Got kids? You owe hundreds more in California income taxes this year.

State legislators and Gov. Arnold Schwarzenegger slashed the dependent tax credit from $309 in the 2008 tax year to just $98 in 2009.

Because it's a tax credit, not a deduction, the cut amounts to a dollar-for-dollar tax increase of $211 per child.

While the cut was announced last year as part of California's budget process, it doesn't appear to be widely known, said Robert Skibicki, who said it came to his attention this week while preparing his daughter's tax return.

'When I pulled up the 540 form and saw it (the credit) had dropped from $309 to $98, I thought it was a mistake on the form,' said Skibicki, of Lake San Marcos. 'I'm an enrolled agent. I know about taxes and I didn't know about this.' Enrolled agents can represent taxpayers before the IRS.

Skibicki said it was an unpleasant surprise for his daughter. With two children, the hit to her pocketbook is more than $400"

UCLA study says legalizing undocumented immigrants would help the economy - latimes.com

UCLA study says legalizing undocumented immigrants would help the economy - latimes.com:
Based on surveys done after the 1986 amnesty program, it concludes that even during the recession, legalizing undocumented workers would benefit the economy. Not everyone agrees.

By Anna Gorman

January 7, 2010
Quantcast

Even during the ongoing recession, immigration reform legislation that legalizes undocumented immigrants would boost the American economy, according to a new study out of UCLA.

The report said that legalization, along with a program that allows for future immigration based on the labor market, would create jobs, increase wages and generate more tax revenue. Comprehensive immigration reform would add an estimated $1.5 trillion to the U.S. gross domestic product over 10 years, according to the report.

'If we are going to create a solid recovery with good wages, we have to fix this hole that we have at the bottom of the labor market,' said the author, Raúl Hinojosa-Ojeda, an associate professor with the UCLA Department of Chicana and Chicano Studies. 'This is not about bringing in a lot of workers. This is about your neighbors and if we are better off where everybody in the economy has the ability to fight for their families and to contribute more to the economy rather than staying in the shadows.'

Hinojosa-Ojeda based the study in part on surveys done after 1986 legislation that resulted in the legalization of nearly 3 million undocumented immigrants. Those surveys showed that immigrants who became legal moved on to better-paying jobs and became more educated, resulting in more spending and more tax revenue. That legislation was passed during a similar economic downturn, he said.

The study, being released today, comes shortly after a renewed commitment by the Obama administration to back legislation this year that would provide a path to citizenship for an estimated 12 million illegal immigrants living in the United States. The study is being released by two Washington-based immigrant rights organizations, the Immigration Policy Center and the Center for American Progress.

Hinojosa-Ojeda also projected that the economy would benefit from a temporary worker program, by raising the GDP by $792 billion. And the economy would suffer if the U.S. deported all illegal immigrants, which he acknowledged was an unlikely option. Mass deportation, he concluded, would reduce the GDP by $2.6 trillion over 10 years."

Obama Waves White Flag in Terror Fight


Obama Waves White Flag in Terror Fight
Written by CA Political News on January 07, 2010, 05:24 PM


By: Ronald Kessler, Newsmax, 1/05/10

The failure to stop a Nigerian terrorist from boarding Northwest Flight 253 is an expected result when the president wages war against terrorists waving a white flag.

John Brennan, President Obamas counterterrorism chief, has said there was no smoking gun to show that Umar Farouk Abdulmutallab was going to carry out this attack against that aircraft. Brennan has said the failure to take appropriate action before the flight is not comparable to the communication breakdowns that occurred before 9/11.

But no one has claimed there was a smoking gun. If there were, the proper action would have been to arrest the Nigerian before the flight. What did happen is that a clear warning from the suspects distinguished father that his son had fallen in with Islamic radicals was not acted upon. Abdulmutallabs name should have been placed on the no-fly list or on the list to receive additional scrutiny before boarding a plane.

As outlined in my book The Terrorist Watch: Inside the Desperate Race to Stop the Next Attack, intelligence sharing has improved vastly since 9/11, as Brennan suggested.

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