DEBT IN AMERICA;  The Dream

The push toward energy independence is what will save this country.  The billions of dollars that leave these shores each day due to the unreasonable price of gasoline has to end.  Oil is a resource that is exhaustible.  Electricity is not a resource , it is a commodity.  It is a product that can manufactured by coal or water or wind or wave or by solar.  Each American with a roof or patch of land can manufacture their own electricity.  I am not suggesting that we all become electricity farmers,  but the fact that these foreign powers are sucking the life out of the United States needs to be addressed and the electric automobile can be the beginning of the end.

We will need plants to convert or manufacture these cars; new technology to improve the motors and batteries; new employees to build and service these cars and the proper training for them to do so.  This produces jobs in this country.  That, coupled with how much American drives would save in gasoline, will boost a slumping, sagging economy and nation that is falling behind.

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I receive tons of spam email, and I’m sure you do too. You may even get email from friends who think they are being helpful and informing you about the current health insurance reform that is taking place.

Unfortunately, one email circulating lately is blatantly not true. The email that is going around claims that your employer’s contributions to your health insurance will be considered income and will become taxable to you. A health insurance premiums tax is not coming to the US. The Huffington Post debunks this email in a recent blog posting on their website.

The IRS will require employers to list their contribution amounts on your W-2 starting in 2012, but current law excludes health insurance premiums from taxable income. The reason for the new reporting, is due to the new individual mandates, requiring individuals to have health insurance coverage. There are also employer mandates to offer coverage and fines to individuals who have “Cadillac plans.” These are all reasons why your employer’s contributions will appear on your w-2.

Rest assured, there will be no taxes on the money your employer contributes to your health insurance premiums.

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