The “Physical” Cliff, Writing Checks My Ass Can’t Cash

fiscal-cliff

The “Physical Cliff”

I kid around about reaching the “physical cliff”, where my body reaches the point whereby I can no longer sustain my anatomy.   If I don’t start getting back on the bike it could be I’m heading for a period of hyper-inflation (around my middle) and resulting in my declaring my own “ass warfare.”

Getting serious about the next time I get a “physical” what is it going to cost me and other taxpayers?  While everyone is paying close attention to the “Fiscal Cliff” what is happening to taxpayers right now and has been happening to us since the Affordable Care Act (ACA) passed?

What we had shoved down our throats, we’re now going to being paying for with taxpayer money.  Money our proverbial asses can’t cash.

Talk about subsidizing “Big Oil”, what about “Big Medicine?”  Now my Doctor’s fingers spend more time on the keyboard than they do with an exam.  My prostrate is getting jealous!

CMS – Centers for Medicare & Medicaid Services, in case you haven’t heard, has bragging rights to all of 8 Billion and more, so far, and rising rapidly, they are giving to hospitals and professional service providers for EHR – Electronic Health Records expenditures.

Supposedly the Obama Administration’s theory is that Hospitals and Professional Service Providers are too stupid to invest in technology, so they decided to give them a push.  Right over the Fiscal Cliff with the rest of us.  Well apparently Big Medicine isn’t as stupid as they think, because CMS is writing big checks and proud of it!

You can’t make this stuff up (Source :CMS).

  • More than $4.4 billion in Medicare EHR Incentive Program payments have been made between May 2011 and October 31, 2012.
  • More than $3.7 billion in Medicaid EHR Incentive Program payments have been made between January 2011 (when the first set of states launched their programs) and October 31, 2012.
  • More than 326,000 eligible professionals, eligible hospitals, and critical access hospitals are actively registered in the Medicare and Medicaid EHR Incentive Programs

Here’s your road map: (Source: HealthIT.gov)

Map of payments to providers by state.

Let’s not for get the EHR Vendors.  The government again’s picking winners and losers.

Unfortunately, the legislation was funded in a way that benefits large companies instead of promoting competition to improve software quality and lower overall cost.

Once the 2009 American Recovery and Reinvestment Act (ARRA) and the Health Information Technology for Economic and Clinical Health Act (HITECH) were signed into law, the “gold rush” was on (as described by one of our competitors²), or as The Onion News reported it: Recession Plagued Nation Demands New Bubble to Invest In.

Whether or not you are in favor of giving taxpayer money to executives to fly around the country in private jets, the stimulus money is starting to flow – and many providers are eligible (and a lot more deserving).

Source: AmazingCharts

²“I literally rent [an] airplane every Tuesday morning, and I hit five cities by Thursday night, every week. I’m cold calling . . . that’s my life now. It’s like any government fiscal stimulus thing — it’s a gold rush.’’

Jonathan Bush, CEO, Athenahealth Inc. (from Boston Globe 8/5/2010)

Maybe we need the Mainstream Media (MSM) to pick up on this story.  They could report on on all the hospitals and doctors that needed to upgrade their IT infrastructure or close their doors.  Heaven forbid, we would have to outsource our patient care to foreign soil.

Save Small Business from the Fiscal Cliff – Letter to US Legislators from the NFIB

capitolAs a small-business owner, I urge you to act now to prevent the tax increases that will impact small businesses if action isn’t taken to avoid going over the Fiscal Cliff.

Several tax rates that affect small business are set to expire at the end of this year. Some of the changes that will impact small business include:

● Individual income tax rates would rise; the 15 percent bracket would become the lowest tax rate. The 25, 28, 33 and 35 percent brackets would rise to 28, 31, 36 and 39.6 percent

● The estate tax rate would increase from 35 percent to 55 percent, and the exemption would decrease to $1 million from $5 million

● The capital gains rate would increase to 20 percent from 15 percent for top earners and rise to 10 percent from zero for those with lower incomes

● Dividends would be taxed as ordinary income rather than capital gains

● The Section 179 expensing limit will fall back to $25,000 and real property will no longer be included

● The start-up deduction for businesses will be reduced from $10,000 to $5,000

● An estimated 31 million additional taxpayers would be required to pay the AMT

This adds up to an almost $500 billion tax increase for 2013 alone. This is a major concern for small business owners like me, since I do not know what my tax liability will be next year. The uncertainty this creates is already having an impact on my ability to make plans to grow my business or add jobs.

Most small businesses are organized as pass-through entities, where the business owner reports their business’s income on their individual tax returns. Allowing the current tax rates to expire will increase the taxes that small businesses pay, directly impacting the ability of small-business owners to invest money back into their businesses.

Raising taxes on small businesses, especially in the current economic environment, hurts our ability to grow and create jobs. I encourage you to give small-business owners the certainty we desperately need by extending all the current tax rates across the board and fighting to avoid the Fiscal Cliff.

Message delivered to:
Senator Bill Nelson
U.S. Senate
716 Hart Senate Office Building
Washington DC 205100001
Fax: (202) 228-2183 via fax

Message delivered to:
Senator Marco Rubio
U.S. Senate
317 Hart Senate Office Building
Washington DC 205100001
Fax: (202) 228-0285 via fax

Message delivered to:
Representative Gus Michael Bilirakis
U.S. House of Representatives
407 Cannon House Office Building
Washington DC 205150001
Fax: (202) 225-4085 via fax

From the Ground Up!

The oldest living Live Oak in Pinellas County

What does “shovel ready” really mean to a small business owner?  It means building a business from the ground up!

Are you sick of this class warfare?!  Do we want to elect a President that knows more about how to spend OP’s money or one who knows how to cut spending and increase revenues?

I started my own business over 23 years ago and I built it from the ground up.  My business has gone from a one man band to well… suffice it to say,  we have increased full-time employment (FTEs)  significantly, but not by this President’s standards.      

As a community organizer, President Obama certainly can appreciate the value of a grassroots movement.  In other words, contributions made from the ground up can have a very positive effect on the community.  In Obama’s case, that would pertain to social issues and how he was able to help people who were impoverished and disadvantaged.  Admirable, but the money he raised had to come from somewhere, most likely charitable contributions and local, state and federal government tax revenues which to a significant percentage, come from small businesses.  So get behind us!

In my case, contributions to my small business came in the form of personal sacrifices; from my personal savings; taking no salary for some time, taking less salary for some time and mind you, no vacations for many years.  I had to continue to pay my bills, feed my family and keep a roof over our heads.  When my saving ran out I took a second mortgage on my house.

I chose to go it on my own.  I took all my savings, borrowed from family, friends my home and started my own business.  My kids saw me on weekends.

The President refers to Middle American’s like it doesn’t include small business owners.  I’m a small business owner and a 99%er unless you add what my business earns and reinvests in the business.  The President knows how small businesses earn income and chooses to ignore it.  Small business people “pay it forward.”  Our income goes back into our business, meaning jobs and if for no other reason, in today’s economy, it’s grow or die! 

I’m offended by the President’s misguided belief that wealthy Americans are the problem in this divide between Republicans and Democrats. 

At the end of the day I’m “bone tired” and the threats of higher taxes, more regulation and Obamacare chill me to the bone.  Most wealthy Americans are hard-working, who have their own plan on how to spread the wealth around.  I have much more faith in free enterprise.

President Obama just doesn’t get it!  How could he?  He’s never walked in a small business owner’s shoes.  Mr. President, walk in my shoes and the shoes of millions of small business owners.  Here’s how it works:

  1. Believe in yourself
  2. Take a huge chance.
  3. Put your own money behind it.
  4. Believe you can do better.
  5. Commit yourself, your family and your friends to get behind you.
  6. Repeat Numbers 1 –5.

Free enterprise comes from the ground up.  Powerful stuff! 

 I think Mitt Romney knows how to cut spending and raise revenues.  Romney-Rubio would be my ticket to defeat Obama.  Say yes to R&R!

 

Yes We Did! We Built From the Ground Up (Mr. President)!

The oldest living Live Oak in Pinellas County

What does “shovel ready” really mean to a small business owner?  It means building a business from the ground up!

Are you sick of this class warfare?!  Do we want to elect a President that knows more about how to spend OP’s money or one who knows how to cut spending and increase revenues?

Memo to the President: I started my own business over 24 years ago and I built it from the ground up.  My business has gone from a one man band to well… suffice it to say,  we have increased full-time employment (FTEs)  significantly, private sector jobs and without government assistance.

As a community organizer, President Obama certainly can appreciate the value of a grassroots movement.  In other words, contributions made from the ground up can have a very positive effect on the community.  In President Obama’s case, that would pertain to social issues and how he was able to help people who were impoverished and disadvantaged.  Admirable, but the money he raised had to come from somewhere, most likely charitable contributions and local, state and federal government tax revenues which to a significant percentage, come from small businesses.  A vote for conservative principles, capitalism and common sense regulation, is a vote for small business.  So get on our bandwagon!

In my case, contributions to my small business came in the form of personal sacrifices; from my personal savings; taking no salary for some time, taking less salary for some time and mind you, no vacations for many years.  I had to continue to pay my bills, feed my family and keep a roof over our heads.  When my saving ran out I took a second mortgage on my house.

I chose to go it on my own.  I took all my savings, borrowed from family, friends my home and started my own business.  My kids saw me on weekends.

The President refers to Middle American’s like it doesn’t include small business owners.  Most small business owners take a significant portion of what their small business earns and they reinvest in their business. The President knows how small businesses earn income and chooses to ignore it.  Small business people “pay it forward.”  Our income goes back into our business, meaning jobs and if for no other reason, in today’s economy, it’s grow or die! 

I’m offended by the President’s misguided belief that wealthy Americans are the problem in this divide between Republicans and Democrats. 

At the end of the day I’m “bone tired” and the threats of higher taxes, more regulation and Obamacare chill me to the bone.  Most wealthy Americans are hard-working, who have their own plan on how to spread the wealth around.  I have much more faith in free enterprise.

President Obama just doesn’t care.  How could he?  He’s never walked in a small business owner’s shoes.  Mr. President, you will never walk in my shoes or the shoes of millions of small business owners.  Here’s how it works:

  1. Believe in yourself
  2. Take a huge chance.
  3. Put your own money behind it.
  4. Believe you can do better.
  5. Commit yourself, your family and your friends to get behind you.
  6. Repeat Numbers 1 –5.

As the expression goes, those are pretty big shoes to fill.  Free enterprise and small businesses come from the ground up.  Powerful stuff!

 

Herman Cain: The Next Sarah Palin

Herman Cain

I’m am and I have been a Herman Cain fan for some time now.  Like many of his fans, I underestimated him.  I still worry he will be destroyed by the liberal media….

Recently I attended the debate in Orlando and CPAC.  Herman Cain was a Fairtax.org proponent, now he has his own plan, called the 9.9.9 Plan.   

Herman Cain has spoken to everything small business owners are passionate about.

I predict he is going to be the next Sarah Palin with regard to the liberal media.  He’s already being called a racist (on CNN this evening– Anderson Cooper 09/29/2011).  See my first Blog post regarding Herman Cain: We Need More “Idea” Capitalists to Bailout this Economy

I predicted this type of treatment by the liberal media.  Cornell Belcher, on the Anderson Cooper Show repeatedly called Cain a racist and a bigot.  Anderson Cooper, who frankly appeared lost for words and dismayed, said nothing to dissuade the man.  You would think Cooper, an outspoken gay rights proponent, would have the courage to say something?

Then there’s Janeane Garofalo To Keith Olbermann: ‘Herman Cain Hides The Racist.  (scroll down the page for the video). You don’t want to miss this.

Soo…. if you like Herman Cain, you must be a racist and a bigot, too.  At least you’re not a terrorist!

So I say, “Herman Cain for President!”

Did I mention I’m an Irish-German Catholic?  So I must be angry, love to drink and think I can sing and dance!

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Old millionaires should pay more taxes!!!

You’re absolutely right Mr. Buffet!

Caution!  This is what the government does to old money!

If you are an old millionaire and all you’re doing is making money, you should pay more taxes.  Send your check here.

The problem is there are many up and coming millionaires that are making products, providing services and creating jobs.  They should be paying less taxes than they do today.  They should be investing their income in products, services and jobs.

On the other hand, there are many millionaires that aren’t making money.  They’re making jobs.

With all due respect to a man, no, an institution for free enterprise Mr. Buffet, you have lost your way.

When I say old, I’m not disparaging your age.  I’m only calling attention to the problem at hand. The government wastes our tax dollars.  Point to one venture the government has undertaken that makes money with our tax dollars and I will stand corrected?

Let’s tax what you spend!

Take your money and run the other way!  Invest it in free enterprise and all you will see is progress, more jobs and a healthier economy.

Your letter to the public calls for millionaires like yourself to pay more than twenty (20%) percent of your income, in taxes.  No problem!  If Congress and the President get behind the Fairtax, you’ll be able to put your money where it should be, taxed fairly…

Why don’t we see more politicians, the media and fair-minded people like you talking about Fairtax.org?

In fact, you should take Fairtax up with our President?

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