...Barack Obama has looming over us, after the election.
Rob Portman: The Regulatory Cliff Is Nearly as Steep as the Fiscal One
Dodd-Frank and Obamacare should both be repealed on day one of a Republican Congress and Republican administration.The president has postponed damaging rules until after the November election.
Americans are learning more about the "fiscal cliff" approaching at the beginning of next year, when tax rates for families and small businesses are set to e and new taxes in President Obama's health-care spending law take effect. But unless there's real change in Washington, we're also headed for a steep "regulatory cliff" that could compound the damage.
After three years of bureaucratic excess, the Obama administration has been quietly postponing several multibillion-dollar regulations until after the November election. Those delayed rules, together with more than 130 unfinished mandates under the 2010 Dodd-Frank financial law, could significantly increase the regulatory drag on our economy in 2013.
The Labor Department, for example, is working on a regulation that would increase the cost of retirement planning for middle-class workers, to "protect" them from investment help. This regulation, known as the Fiduciary Rule, would tighten restrictions and increase litigation risks for businesses that offer investment guidance on a commission basis, rather than the more expensive fee-for-service model.
A study last year by the Oliver Wyman Group found that the Fiduciary Rule could result in higher retirement account minimums and cause 7.2 million individual retirement account (IRA) holders to lose access to investment advice. Even the Labor Department was unable to show that the rule's illusory benefits outweigh its substantial costs.
[QUOTE=Yonivore;6081865]...Barack Obama has looming over us, after the election.
Rob Portman: The Regulatory Cliff Is Nearly as Steep as the Fiscal One
Anyone that uses a commissioned broker for estate planning is an idiot.This regulation, known as the Fiduciary Rule, would tighten restrictions and increase litigation risks for businesses that offer investment guidance on a commission basis, rather than the more expensive fee-for-service model.
What doe any of that have to do with horses?
suggesting the GOP didn't vote for sequestration and that somehow Obama alone holds it over all of us is pussy and a in lie, Yoni
GOP can't abide the automatic cuts to defense they agreed to, absent a countervailing deal with the other side. simple as that.
Is your life just about finding things to damn Obama about?
things?
minuscule rat piled high into a huge pile of rat
otoh, Gecko's lies, crimes, tax avoidance/evasion, sliminess, sicko secretiveness, spinning, flaunting tax and residency laws, etc, etc, etc are inconsequential because Gecko is Yoni's man.
lol........he's programmed to complain... he's become the forum whiner
Like I said, Yni starts a thread every time one of Obama's s don't smell enough like roses for him, tbh.....
Brother, thats what we all think about you. Take a few steps back, think outside your mind, read over the past 100 post you have written and you will understand that you are the one who complains, mainly about posters who don't bleed blue and you indeed by far are the forum whiner. Brother, I say this as your friend. It's time to grow up and stop with all the name calling for the sake of having nothing else to say. You are an adult with child. Lead by example. God bless
You're projecting
Juan guess
No brother, im your friend and what I said is true. God bless
lol we
ron bless
Paul Ryan is a IMO
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