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Reid Exempts Staff From Obamacare; President Seriously Considered The Trillion Dollar Coin; No One Wants To Testify About Healthcare.gov Security; The Coming ‘Global Wealth’ Tax; $100 Tolls In NYC – Wednesday Morning News Roundup 12-4-2013

December 4, 2013 by  

Here is a collection of some of the stories making the Internet rounds this morning. Click the links for the full stories.

  • Democratic Senate Majority Leader Harry Reid (D-Nev.), one of Obamacare’s architects and staunchest supporters, is also the only top Congressional leader to exempt some of his staff from having to buy insurance through the law’s new exchanges. Source: CNN…

 

  • The Obama Administration was serious enough about manufacturing a high-value platinum coin to avert a Congressional fight over the debt ceiling that it had its top lawyers draw up a memo laying out the legal case for such a move. Source: Huffington Post…

 

  • The Obama Administration has avoided informing lawmakers of Healthcare.gov’s security problems, and this is just another incidence of the White House’s incompetence we’ve seen since the health-care law’s rollout, according to House Intelligence chair Mike Rogers (R., Mich.). Source: National Review…

 

  • [H]ouseholds from the United States to Europe and Japan may soon face fiscal shocks worse than any market crash. The White House and New York Mayor-elect Bill de Blasio aren’t the only ones calling for higher taxes (especially on the wealthy), as voices from the International Monetary Fund to billionaire investor Bill Gross increasingly make the case too. In his November investment commentary for bond giant Pimco, Mr. Gross asks the “Scrooge McDucks of the world” to accept higher personal income taxes and to stop expecting capital to be taxed at lower rates than labor. Source: The Wall Street Journal…

 

  • Could you imagine spending $100 to drive over a bridge or through a tunnel? Well, as of Sunday, that is the new reality for truckers driving into Manhattan. This will be the third of five Port Authority toll increases passed since 2011. It means only a 75 cent increase for car drivers using E-ZPass. For cash paying truckers, on the other hand, it means a $12 hike, taking them from $90 per crossing to $102 just to cross the George Washington Bridge. Source: MY9NJ…

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