Obama considers taxing health benefits-could be “the largest middle-class tax increase in history”, A.I.G. finally releases names of beneficiaries of taxpayer money, and Hugo Chavez sends troops and warships to seize Venezuela’s transportation nodes…just the latest in your Freedom Under Fire Report!
Obama Considers Taxing Health Benefits. President Obama is signaling to Congress that he would support taxing employee health benefits to help pay for socialized health care. During his presidential campaign, President Obama opposed such a tax on health benefits, labeling it “the largest middle-class tax increase in history.”
A.I.G. Lists Firm Names It Paid With Taxpayer Money. American International Group (A.I.G.) received $170 billion in taxpayer assistance since last fall. It has used those funds to pay out a multitude of creditors, municipalities, and companies with whom it held liabilities. Until this weekend the list of beneficiaries of taxpayer money was shielded from taxpayers by the Federal Reserve and A.I.G. Mounting Congressional pressure to disclose the beneficiaries resulted in the company disclosing the top 80 corporations and municipalities this weekend. Tens of billions of funds were paid out to foreign companies, as well.
Venezuela’s Chavez Seizes Transportation Hubs. Venezuelan President Hugo Chavez sent naval warships and troops to seize all transporation hubs in an effort to crack down on opposition leaders in key provinces. Chavez claims the moves are to crack down drug smuggling.
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