Kevin Fischer is a veteran broadcaster, the recipient of over 150 major journalism awards from the Milwaukee Press Club, the Wisconsin Associated Press, the Northwest Broadcast News Association, the Wisconsin Bar Association, and others. He has been seen and heard on Milwaukee TV and radio stations for over three decades. A longtime aide to state Senate Republicans in the Wisconsin Legislature, Kevin can be seen offering his views on the news on the public affairs program, "InterCHANGE," on Milwaukee Public Television Channel 10, and heard filling in on Newstalk 1130 WISN. He lives with his wife, Jennifer, and their lovely young daughter, Kyla Audrey, in Franklin.
Once again, it’s Sunday afternoon football time.
For those of us watching at home, pro football fans recognize Subway more than any other quick service restaurant as a sponsor of the NFL. That means TV viewers will be fed a steady diet of Subway commercials. The latest are for their SubTember specials.
“If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” (Warren) Buffett said in an interview with ABC’s “This Week With Christiane Amanpour” that is scheduled to air on Nov. 28. “But I think that people at the high end -- people like myself -- should be paying a lot more in taxes. We have it better than we’ve ever had it.”
Warren Buffett wrote in a guest column in the NY Times:
“But for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate."
Warren Buffett is an extremely wealthy man.
He’s also a big time liberal.
And it appears he’s a hypocrite with a capital “H”.
In one of the biggest, most talked about news stories of the past week, Miami-based Burger King confirmed on Tuesday plans to buy Tim Hortons for about $11 billion. According to the company’s website, “The Tim Hortons chain was founded in 1964 in Hamilton, Ontario. The chain's focus on top quality, always fresh product, value, great service and community leadership has allowed it to grow into the largest quick service restaurant chain in Canada specializing in always fresh coffee, baked goods and homestyle lunches.”
Burger King’s proposed acquisition would establish a new fast-food giant that will be based in Canada. The potential move drew even greater attention to “inversions.”
In an inversion, a U.S. firm relocates—usually through a merger with a smaller company—to a country where tax rates and rules are considered to be friendlier. The firm is still managed from the U.S.
Steven Hayward writes on Power Line, “American corporations buy foreign companies and ‘relocate’ their headquarters to a foreign nation to lower their corporate income taxes. Kind of like what rich northeasterners do when they retire and move to Florida (no personal income tax), or as any number of American companies have done by moving to Texas (lower taxes and less nonsense of every other kind).”
Totally legit. Completely legal. Been going on for a long time. Forty-seven U.S. companies have shifted headquarters abroad in the past 10 years at least, in part, to avoid paying U.S. taxes — a more than 60 percent jump compared to the prior two decades combined, according to the nonpartisan Congressional Research Service. And one of the major reasons there's been a wave of "inversions" in America is quite simple: