Tag Archives: Treasury

Expert: Obama’s ‘myRA’ Violates Multiple Investment Laws

President Obama's new and low-budget proposal to help Americans build a tiny nest egg appears to violate federal laws barring retirement plan sponsors from steering investments to self-serving accounts, in this case the Treasury's own bonds, according to a new analysis.

The “myRA” plan Obama unveiled in his State of the Union addresswould also be outlawed in the private finance world because it offers no investment diversification and amounts to a conflict of interest, violations that call for fines up to $100,000 and up to a year in prison...

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IRS Targeting: Round Two

President Obama keeps claiming that he had no knowledge of the Internal Revenue Service's abusive muzzling of conservative groups. That line is hard to swallow given that his Treasury and IRS are back at it—this time in broad daylight.

In the media blackout of Thanksgiving week, the Treasury Department dumped a new proposal to govern the political activity of 501(c)(4) groups. The administration claims this rule is needed to clarify confusing tax laws. Hardly. The rule is the IRS's new targeting program—only this time systematic, more effective, and with the force of law...

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