NJECPAC Celebrates Ronald Reagan's 100th Birthday

Ronald Reagan will have been 100 years old on February 6th 2011. His life will be featured in a video homage before the Super Bowl, a tribute that demonstrates the Nations desire for someone that can lead us out of these turbulent times. on his 100th Birthday Reagan is more beloved than ever and more than deserving of the highest appreciation that the sports-crazed country can deliver.

Thirty years after taking office, Ronald Reagan has recaptured the public imagination. Bookstores place his biography in their windows, universities give lectures about his politics and Americans throughout the country are planning parties to celebrate his 100th birthday.

James Baker III, Reagan's chief of staff and secretary of the treasury, recalls that Reagan restored America's pride. "You had a restoration of the country's pride and confidence in itself. You had peace. What more could you ask for," he said.

Reagan has found his place in history as a man who stood for a healthy economy and family values. He died at the age of 93, June 5, 2004 at his home in California, having spent his final years out of the public eye.

When he died, thousands waited in line for many hours to pay tribute to him at the US Capitol and at his Presidential library in California. His funeral was by all accounts the largest and most elaberate funeral for a former President in decades if not ever.  

Even US President Barack Obama, recently took a biography of Ronald Reagan on his vacation. "No matter what political disagreements you may have had with President Reagan, there is no denying his leadership in the world," Obama said.

Under his leadership, guided by strong conservative principles, Reagan guided America’s return to prosperity and the fall of the Soviet Union. Reagan exhibited the classical virtues of courage, prudence, justice, and wisdom. When Reagan left office, he assured Americans that together they had made a difference. They had made America that ‘shining city on a hill’ stronger and freer and had left her in good hands.



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3 New 1099 Rules You Should Know About

The Senate voted to approve a repeal of the Form 1099 tax-reporting requirement that was included in last year's health care law that is expected to create a paperwork nighmare for small businesses.

 

The proposal would require the Office of Management and Budget to find a way to fund the change. In addition, as expected, a Senate proposal by Senate Minority Leader Mitch McConnell, R-Ky., to repeal the full health care law was defeated along party lines, a vote that McConnell characterized as "just the beginning."

 

Baring repeal, starting in 2012, businesses of all sizes (there is no small business exemption) must start to report payments for goods and services of $600 or more. This provision was added in an attempt to bring the projected cost of Obamacare in under $1 Trillion Dollars over 10 years. It is not only doubtful that it will do what it is intended to do, It creates an administrative nightmare in the process!  

Small business owners will have to track payments to all firms you do business with, obtain their tax identification numbers, and then issue them a 1099.

Although the Senate Action is welcome the House must still pass a bill repealing the rule and then the President would have to sign it for its total repeal to take effect.

Businesses should get ready for this reporting rule in the event that it is not repealed.

Here are three new 1099 rules that could affect you and your business. Read More

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6-bill Package To Promote Electric Car Sales & Use in New Jersey

The Assembly Appropriations Committee will meet at 2 p.m. today to consider a 6-bill package to promote electric car sales and usage in New Jersey  (A3647, A3648, A3649, A3650, A3651 and AR133).

“These bills are job creation and economic development measures, plain and simple,” said Assemblyman Wayne DeAngelo (D-Hamilton), “If we send the message that New Jersey is welcoming toward electric vehicles, than we’ll see more sales and attract an entirely new industry that can bring new high-paying jobs for working class residents.”

The first two bills, A3651 and A3650, provide business tax credits and a gross income tax deduction for corporate purchase of electric or plug-in hybrid vehicles and installation of vehicle charging stations.

Two more, A3648 and A3647, require installation of electric vehicle charging stations at state toll road service areas and in certain newly developed shopping centers, respectively.

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3 Ways Obamacare Will Adversely Affect Consumers in 2011

Repeal of ObamaCare can't come soon enough, as several damaging provisions are set to take effect this year. For starters, it has effectively stopped the construction of physician-owned hospitals (Such as Surgical Centers) throughout the country.

Construction halted at 45 hospitals as the New Year arrived. Work on countless others will never start, having been effectively banned by ObamaCare. This will limit competition in the health-care marketplace, driving up costs for patients and contribute to the loss of thousands of construction jobs.

Public discontent with ObamaCare continues to grow as its provisions begin to take effect this year. The House has successfully taken the first step to by voting to repeal the law.

Now, for purely political reasons Harry Reid is refusing to post the repeal legislation for a vote in the Senate. Not only is Reid concerned that it may pass, he does not want to expose the many Senate democrats that will be up for re-election to have to go on record in front of the American People by voting against repealing the law, which would be in direct conflict with the will of the majority of Americans.

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Florida Judge Rules Health Care Reform Law Unconstitutional

As NJECPAC has been reporting for some time the health care reform law H.R.3590 ~ The Patient Protection and Affordable Care Act will ultimately end up before the U.S. Supreme Court based upon its mandate that every American purchase health insurance.

A second Federal Judge has now found that the Patient Protection and Affordable Care Act  is unconstitutional, only this time the judge went further.

A Federal Judge in Pensacola Florida, U.S. District Judge Roger Vinson threw out the Obamacare health care law declaring it unconstitutional because it violates the Commerce Clause. 

The Judges ruling that the individual mandate is "not severable" from the rest of the law places  even laws noncontroversial provisions in  jeopardy. The action all but ensures this case will arrival before the Nations Supreme Court before it is fully implemented.  Read More

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NLRB ISSUES PROPOSED RULE ON LABOR RIGHTS NOTICE

Obama Appointed Controversial
NLRB Member Craig Becker
 by Recess Appointment

On December 22, 2010, the National Labor Relations Board (NLRB) issued a Notice of Proposed Rulemaking (NPRM)that will require all private sector employers to post an 11" x 17" notice in their workplaces providing detailed information to employees about their rights to organize or join a union under the National Labor Relations Act.

Under the requirement, employers would face a number of sanctions for failing to post the notice. Those sanctions include: a charge of unfair labor practices; extending the having the time limits for filing other unfair labor practice charges against the employer; and having the NLRB consider the failure to post the notice as evidence of unlawful motive in other unfair labor practice cases.

The NLRB will use language that is close to what is in the DOL Poster used by Federal Contractors. Board Member Brian Hayes (R) filed a dissent to the rulemaking, asserting “the Board lacks the statutory authority to promulgate or enforce,” the NPRM.

The NLRB is accepting comments for 60 days from the issue date. To submit comments, click here.
To view the NLRB press release and fact sheet, click here.For further information about the NLRB, visit www.nlrb.gov.     

Barack Obama and organized labor have made no secret about promoting each other's interests. Last week Obama renominated Craig Becker to the NLRB who is currently serving via a Presidential recess appointment. Craig Becker has served as Associate General Counsel to both the Service Employees International Union and the American Federation of Labor & Congress of Industrial Organizations.

Becker is so pro-union he previously opined that "employers should have no right to be heard" in cases before the NLRB and “‘Employees’ only choice,” explained Mr. Becker, “should be over which set of union officials get ‘exclusive’ power to negotiate their wages, benefits, and work rules.” Read More On Craig Becker

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Bernanke Says Small-Business Lending Should Improve In 2011

Federal Reserve Chair Ben Bernanke
& FDIC Chair Sheila Bair

Small-business lending is expected to remain tight in 2011, but is expected to improve over last year. Federal Reserve Board Chairman Ben Bernanke and Federal Deposit Insurance Corp. (FDIC) Chairwoman Sheila Bair said at a recent forum.

"Overall it's still a very tight situation, but things have stopped getting worse and are looking a little better," Bernanke said.

Those sentiments are echoed in NFIB data that show lending conditions are better than they were in 2008, but remain well below levels before the recession began.

(FDIC) Chairman Sheila Bair, who also participated in a panel with Bernanke at the event, agreed that the situation for small business lending has improved. “We think it is turning. Most banks are profitable again. They are working through their troubled loans. We have lower rates of delinquencies and charge-offs. There is a lot beyond our control but if things continue as they are, it’s slowly getting better and I think you will see lending activity pick up,” she said.

Bair and Bernanke made their comments at a forum entitled “Overcoming Obstacles to Small Business Lending,” held at the FDIC’s offices in Arlington, Va. Read More 

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