October 31, 2010
Most of you know I spent most of my career in the insurance business. The new ‘Obama Care’ is a good start and long overdue. If you have the interest, check out: http://www.healthcare.gov/law/timeline/index.html. Feel free to share it with your friends. It’s definitely the most thorough review I’ve seen. It’s going to take years to break up the health insurance monopoly (5 companies), but this is a start.
October 19, 2010
(sent to me by my cousin John Upton) Gov. Schwarzenegger Signs Legislation Making California the National Leader on Health Care Reform
California is First State in the Nation to Create Health Benefit Exchange
Governor Arnold Schwarzenegger today signed AB 1602 by Assembly Speaker John Pérez (D-Los Angeles) and SB 900 by Senator Elaine Alquist (D-Santa Clara) creating the California Health Benefit Exchange, an entity that will help California consumers and small businesses shop for and buy affordable health insurance starting in 2014. The Governor’s action makes California the first state in the nation to enact legislation creating a health benefit exchange under federal health care reform. Read the rest of this entry »
October 6, 2010
Subject: Rework Estate Taxes – Boost Spending
The following is a response to the article (
written by William B. Fuller and printed in the San Jose Mercury – Oct 5th, 2010.
William B. Fuller’s piece on reworking Estate Taxes to boost consumer spending includes three great tax ideas to boost the economy: #1. Bring estate tax back with a vengeance to 55%, #2. Defang the gift tax and #3, Tame the Generation Skipping Tax (GST). Number 4 could be to eliminate or reduce capital gains when selling a home over and above the $250,000 per person exemption. Surely, it would stimulate billions of dollars of home sales while increasing property tax revenue in the process here in California. Revenue needed so badly for schools.
October 6, 2010
Re-post – Opinion: To save the economy, federal taxes should encourage giving while we’re alive By William P. Fuller Special to the Mercury News Posted: 10/05/2010 12:01:00 AM PDT
We’ve just endured the worst financial crisis since the Great Depression and are now facing a potential “double dip” and an excruciatingly slow recovery. In just two and a half years, we have witnessed the metamorphosis of the U.S. from a nation of irrational spenders and consumers into a nation of irrational savers and scrimpers. Economists agree that until we get people to spend more, the destructive cycle of less consumption, leading to anemic corporate performance, leading to less demand for labor, leading to higher unemployment, leading to even less consumer spending, isn’t likely to correct itself. Read the rest of this entry »