From The Federation of Connecticut
Taxpayer Organizations, Inc.
Contact Susan Kniep, President
Website: http://ctact.org/
Email: fctopresident@aol.com
Telephone: 860-841-8032
April 14, 2011
Big spending cuts in Obama debt
plan - Apr. 13, 2011
April 15 Hartford Tax Day Rally
Hartford Capitol, 12
Noon
bobmac@rightprinciples.com
10 companies with the most untaxed foreign income
According to U.S.
tax law, any profits earned overseas must be taxed by 35% when returned to the U.S.
That's why many companies park their cash on international soil - cash that
could be shared with investors. Accounting expert Jack Ciesielski
crunched the numbers on the biggest overseas balances. http://money.cnn.com/galleries/2011/news/companies/1104/gallery.foreign_untaxed_profits.fortune/?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29
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STATE PENSIONS
REACH $263,048
View the List
of Pensions Here
In 2010, 380 State Retirees received pensions from $100,000
to $263,048; 1467 retirees received pensions from $75,000 to $100,000; and
nearly 6,000 retirees received pensions from $50,000 to $75,000, in addition to
their healthcare benefits.
The following links will take
you to excel spreadsheets to view the pensions paid. The first link
includes pensions from $20,000 to $263,048.
The second link includes pensions paid below $20,000. If you wish to receive the full excel
spreadsheet of pensions paid, email fctopresident@aol.com.
http://www.ctact.org/upload/home/PENSIONS1.xls
http://www.ctact.org/upload/home/PENSION2.xls
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OVERTIME CAN BE
LUCRATIVE FOR SOME STATE EMPLOYEES
Supervisory
Nurse: Base Pay $103,239,
Overtime
$231,190 = Total $334,429
There’s More……
Some state workers have the advantage
of overtime which surpasses their base pay as reported by the Hartford Courant. For example at Connecticut Valley Hospital “A supervising nurse with a base pay of $103,239 received an
estimated $231,190 in overtime payments in 2010, for total pay of $334,429. In
the past six years, this employee has collected nearly $1 million above his
base pay. “A story by The Courant's Matthew
Kauffman reported that about one in 10 full-time CVH employees
doubled their base salaries in 2010 through overtime, shift differentials,
bonuses or other additional pay. At least a dozen nurses and mental health
assistants tripled their salaries. The top 25 overtime earners added a total of
more than $3.5 million to their base pay.” See what others are being paid at http://articles.courant.com/2011-04-11/news/hc-ed-overtime-cvh-20110411_1_overtime-payments-cvh-mandatory-shifts
State of Connecticut
100 of the Top
Delinquent Income Taxpayer Accounts
Deficient in Excess of 90 Days as of March 1, 2011
http://www.ct.gov/DRs/cwp/view.asp?a=1453&q=296114
Japan's nuclear crisis comes home as fuel risks get fresh
look
By Renee Schoof | McClatchy
Newspapers Apr 13, 2011
http://www.mcclatchydc.com/2011/04/12/112048/us-begins-to-reconsider-nuclear.html
Tax the rich! OK, but then what, Mr. President?
http://money.cnn.com/2011/04/12/news/economy/national_debt_taxes_obama/index.htm?hpt=C1
CPAs to Lawmakers: The State
Is Broke by Christine Stuart | CTNewsJunkie.org
Apr 6, 2011 The Connecticut Society of
Certified Public Accountants were at the Capitol Tuesday trying to give
legislators the courage to do the right thing by getting rid of the state’s
long and short term financial debt. “Connecticut is broke. Not going broke, but
broke,” Marcia Marien, president of the organization,
said. She said not counting the state’s unfunded pension liabilities Connecticut’s debt is equal to $4,859 for
every man, woman, and child in the state. Counting the unfunded pension
liabilities, other post employment benefits, and other liabilities and that
number jumps to $46,100 per person. Complete article at http://www.ctnewsjunkie.com/ctnj.php/archives/entry/cpas_to_lawmakers_the_state_is_broke/
State Employee Longevity
Bonuses Costing Taxpayers $40 Million a Year
April 09, 2011 The Hartford Courant Says ….. Why Reward Just
Showing Up? Longevity Bonuses A costly state practice that must be eliminated
to save money This year the General Assembly should do what it tried but failed
to do last year: Get rid of the twice-a-year longevity payments given to more
than 30,000 union and non-union state employees who have been on the job for 10
years or more. Senate Republican leader John McKinney wants the practice — which
costs almost $40 million a year — completely terminated. Continued at …. http://articles.courant.com/2011-04-09/news/hc-ed-longevity-bonuses-for-state-emp20110409_1_longevity-payments-state-employees
Connecticut Conference of Municipalities Do The Math campaign
is a call to the public-at-large and state policymakers to
make municipal aid and municipal issues a priority during the 2011 state budget
debate and legislative session. The message of the campaign is a simple but
powerful one: Don't balance the state budget on the backs of municipalities and
hard-pressed local property taxpayers. Continued at ….. http://advocacy.ccm-ct.org/Plugs/do-the-math.aspx/
Listen to: Radio Ad: DO THE "BUDGET" MATH
Minding the Gap By Cathryn J. Prince | Email the author | April 11, 2011 A pair of
proposed bills seeks to help fill the state’s education achievement gap, among
the nation's largest. According to the National Center for Education Statistics, Connecticut has the largest disparity
nationwide between low-income and non-low-income students. In a 2009 National Assessment of Educational Progress
study, among fourth-grade and eighth-grade math and reading students, non-low
income students outperformed low-income students by 34 points in math and 28
points in reading. http://stamford.patch.com/articles/minding-the-gap
Supreme Court: State can cut
medical benefits to legal noncitizens
By Arielle Levin Becker on April 8, 2011 The Connecticut
Supreme Court has ruled that the state can cut off medical assistance to legal noncitizens who have been in the country fewer than five
years, clearing the way to implement a 2009 budget cut that had been stalled
because of legal action. Read more http://www.ctmirror.org/story/12164/supreme-court-state-can-cut-medical-...
Budget Tricks Helped Obama Save Programs By AP / ANDREW TAYLOR Apr 12, 2011, Time, WASHINGTON) — Details of last week's
hard-won agreement to avoid a government shutdown and cut federal spending by
$38 billion were released Tuesday morning. They reveal that the budget cuts,
while historic, were significantly eased by pruning money left over from
previous years, using accounting sleight of hand and going after programs
President Barack Obama had
targeted anyway. http://www.time.com/time/politics/article/0,8599,2064853,00.html
Big government on the brink April 10, 2011 Washington Post Robert Samuelson Opinion
Writer The Census Bureau reports that in 2009 almost half
(46.2 percent) of the 300 million Americans received at least one federal
benefit: 46.5 million, Social Security; 42.6 million, Medicare; 42.4 million, Medicaid;
36.1 million, food stamps; 3.2 million, veterans’ benefits; 12.4 million,
housing subsidies. The census list doesn’t include tax breaks. Counting those,
perhaps three-quarters or more of Americans receive some sizable government
benefit. For example, about 22 percent of taxpayers benefit from the home mortgage interest deduction and 43 percent
from the preferential treatment of employer-provided health insurance, says the
nonpartisan Tax Policy Center. Continued at ….. http://www.washingtonpost.com/opinions/big_government_on_the_brink/2011/04/09/AFNcwrGD_story.html?wprss=rss_opinions
Republicans unveil spending-bill specifics: What's cut and
what's not
Erik Wasson - 04/12/11 08:14 AM ET http://thehill.com/homenews/house/155421-six-month-spending-bill-unveiled-whats-cut-and-whats-not
Spending proposal excludes Republicans' cuts to foreign aid
John T. Bennett 04/12/11 04:21 PM ET http://thehill.com/news-by-subject/defense-homeland-security/155599-spending-plan-excludes-cuts-to-foreign-aid
Obama Puts Taxes on Table Wall St Journal April 11, 2011 In a speech Wednesday, Mr. Obama will propose cuts to entitlement
programs, including Medicare and Medicaid, and changes to Social Security, a discussion he has largely left to Democrats and
Republicans in Congress. He also will call for tax increases for people making
over $250,000 a year, a proposal contained in his 2012 budget, and changing
parts of the tax code he thinks benefit the wealthy. Continued at …. http://online.wsj.com/article/SB10001424052748704366104576255282893680792.html?mod=ITP_pageone_0
Executive Pay Soars in 2010 - NYTimes.com
http://www.nytimes.com/2011/04/10/business/10comp.html?_r=1
New York Times: The Caucus: Now, the Hard Part for Nervous Republicans
By John Harwood Step 2 comes with a radically higher degree of
difficulty. Because it involves a threat to resist increasing the federal debt
limit, this phase could jeopardize Republicans’ relations with business donors
who help finance their campaigns. Because it
involves cuts in Medicare, it endangers the votes of older Americans who helped
fuel their midterm victories. Even more problematic: Medicare cuts appeared
nowhere in House Republicans’ 2010 Pledge to America. To the contrary, it
attacked Democrats for cutting Medicare. http://thecaucus.blogs.nytimes.com/2011/04/10/now-the-hard-part-for-nervous-republicans/?ref=todayspaper
Debate over raising debt ceiling plays with explosives, says
Wall Street Peter Schroeder and Erik Wasson - 04/12/11 05:51 AM ET http://thehill.com/homenews/administration/155399-debate-over-debt-ceiling-plays-with-explosives-says-wall-st
Most Illegal Immigrant
Families Collect Welfare by Judicial
Watch, Inc. on Tuesday, April 5, 2011 at 12:21pm Surprise, surprise; Census Bureau data
reveals that most U.S. families headed by illegal immigrants use taxpayer-funded
welfare programs on behalf of their American-born anchor babies. Even before the recession, immigrant
households with children used welfare programs at consistently higher rates
than natives, according to the extensive census data collected and analyzed by
a nonpartisan Washington D.C. group dedicated to researching legal and illegal
immigration in the U.S.
The results, published this month in a lengthy report, are hardly
surprising. REPORT
http://cis.org/immigrant-welfare-use-2011 Continued at ….. https://www.facebook.com/note.php?note_id=10150159225491561
Factbox:
Top budgetary threats to U.S. state, local governments http://www.msnbc.msn.com/id/42152462
Tax inequity
Counterproductive system punishes success but claims to be progressive http://www.washingtontimes.com/news/2011/apr/11/tax-inequity/?sms_ss=hotmail&at_xt=4da4aab551beba81%2C0
Written by Richard W. Rahn, a senior
fellow at the Cato Institute and chairman of the Institute for Global Economic
Growth.
Reports from the Tax Policy Center
http://search.urban.org/texis/search?dropXSL=&pr=wwwtpc&prox=page&rorder=500&rprox=500&rdfreq=500&rwfreq=750&rlead=750&sufs=2&order=r&cq=&query=2011&submit=SEARCH
Court Won't Lift Stay on Arizona Immigration Law http://www.aolnews.com/2011/04/11/court-wont-lift-stay-on-arizona-immigration-law/