The New Tax Law Through President Obama s Term, Congress

With possibly the last changes to the tax law through President Obama’s term, Congress agrees on making many of the â€Å"Tax Extenders† permanent. These so-called â€Å"Tax Extenders† are tax provisions that Congress has passed over the past few years with short-term expiration dates, at which point the provision would lapse. Typically, after the provision lapsed, Congress would retroactively reinstate the provisions, thus extending its life through the current tax year. This has led to some tax planners relying on the hopes that Congress will reinstate these provisions, without the explicit knowledge that they would do so. Therefore, the now permanent provisions (those that have been extended without a set expiration date) are able to give tax planning professionals more certainty in their projections. The act made several changes to Section 529 Plans alongside with these â€Å"extenders†. The chart below briefly summarizes the new tax law changes from t he PATH Act of 2015 that most closely affect individuals and small businesses. It should be noted that this does not encompass all aspects of the act, as there are several changes that apply to larger corporations, IRS reform, and the prevention of fraud and abuse. *Adapted from â€Å"Congress Approves (Mostly Permanent) 2015 Tax Extenders Legislation For QCDs And More!† by Michael Kitces Permanent Provisions Qualified Charitable Distributions (QCD) – In 2006, Congress allowed qualified distributions from IRAs to be directly given toShow MoreRelatedApril M. Rodriguez. Professor Heaton. Engl 1301. 04/19/2017.1370 Words   |  6 Pages04/19/2017 The Obama Presidency Although the United States has been regarded as having dominant world power amongst other nations, the truth lies far from its holdings. During the George W. Bush administration (2001-09), the United States went through the worst economic crisis since the Great Depression, declared war on Afghanistan and Iraq causing poor standing with other nations, and was left with a $1.2 trillion-dollar deficit. With the election of a new President, President Obama, came new opportunitiesRead MoreQuantitative Easing During the Bush and Obama Administrations1221 Words   |  5 Pagesapplied more influence over economic growth and the employment rate in recent times than any other government entity. During the Obama administration it’s been used to sustain the financial system after the Wall Street meltdown in 2008; it also gave the economy extraordinarily methods of support during the recession such as purchases of securities, the creation of new lending platforms and a weak recovery that trailed. The FED’s did not mention to anybody that banks needed help with emergency loansRead MoreThe Current System Of Health Care1311 Words   |  6 PagesIn his campaign for president in the 2008 election, Barack Obama presented an idea for nationwide health care. Many people were intrigued by his new outlook on the issue of health care, their views on politics refreshed by a promising new leader. The question was, how good could this large of an idea really be? Once he was elected, the Affordable Care Act was pushed quickly through Congress. However, after it was written into law, people began to dislike this health care reform. Most of the act hasRead MoreBarack Obama s Acc omplishments And Challenges Essay1718 Words   |  7 PagesPresident Barack Obama is seen as one of the most controversial presidents in the recent U.S. history. This paper will examine Obama s legacy by introducing his background prior to the white House; analyze Obama’s major accomplishments and challenges in the past 8 years. As well as examines the internal opposition force from the other branches of the government Obama faced when conducting domestic policy. Obama was born on August 4, 1961, in Honolulu, Hawaii, to a white mother from Kansas, StanleyRead MoreThe Power Of The Executive Branch1592 Words   |  7 PagesAs the President of the United States, we see him, or possibly in the future her, as the supreme or ultimate power since they are the highest on the chain. For instance, just as monarchies saw their king or queens. The power of the Executive Branch is solely invested in the President, also assumes the position as head of state and Commander-in-Chief of the armed forces. Everything you hear from the President is supposed to carry a heavy weight because it is coming from a higher authority figure.Read MoreEssay on The United States Democratic Party History1027 Words   |  5 Pagesholds a National Convention where they pick one from their party to be the next candidate for the presidency. The last Convention took place in Charlotte, North Carolina in 2012 where Barack Obama was nominated for President and Joe Biden was nomina ted for Vice President, and as we all know that turned out well Obama won and he became the 15th Democrat to take office, the Democratic Party currently holds a minority of seats in the  House of Representatives  and a majority of seats in the  Senate, as wellRead MoreThe United State Of America1252 Words   |  6 PagesThe 113th Congress has been considered as the worst congress in the history of the United States. The highly polarized institution showed its inefficiency when dealing with the fiscal budget. By failing to pass a new budget, the American government shutdown for a couple of weeks. One of the leading causes of disagreement between the two parties was the extension of the debt ceiling limitation. The government is accruing more and more debt every year, and not passing a budget could eventually leadRead MoreThe Affordable Care Act Or Aca Is A Federal Statute Initiated By President Obama Essay1582 Words   |  7 Pagesis a federal statute initiated by President B arack Obama, its intended effects were to supply medical coverage at a low cost to millions of Americans who could not afford access to healthcare. There are a variety of economic and scholarly opinions regarding the ACA’s effect on the healthcare market. Many of these viewpoints have changed over the course of Obama’s presidency as the statute began to affect individuals and the healthcare market. When President Obama was elected to office, he had campaignedRead MoreThe Issue Of National Debt941 Words   |  4 Pagescontroversies over the national debt is who started the escalation and when did it begin? All over the internet there are websites dedicated to showing the national debt and â€Å"expanding† peoples knowledge on some of the more recent information leaked from news channels and websites. Brilling.com is a perfect example, when you first visit this website you will notice at the very top of the page there is a debt clock that shows the â€Å"current† U.S. national debt. As you look a little farther down the page youRead MorePresident Barack Obama Plenty Of Gray Hairs1794 Words   |  8 Pageshome and abroad that have given President Barack Obama plenty of gray hairs. Coming up on the year s end and midterm elections, Obama s approval rating has hit an all time low. While he tries to aid his fellow democrats, he may actually be hurting them. It is important for the president to have as many like minded individuals in office with him, so that they can help him in return. However it does not help the cause if the same people voting do not approve of Mr. Obama. As seen in recent polls, his

President Reagan s Presidential Speech - 941 Words

after his statement on his involvement in the Iran-Contra Affair in November of 1986. The data in Table 1 show that President Reagan’s speeches did in fact make him more popular, as more speeches increased his popularity rather than decreased it. Out of the speeches analyzed, seventy-three percent showed an increase in approval ratings, with an average increase of four percent. Upon a closer examination Table 1, it is evident that some of the speeches may be regarded as outliers in comparison with the rest of the data. In order to identify outliers, I looked for speeches with a change in approval of eight percent or greater. Based on Table 1, the four outlier speeches include Reagan’s Space Shuttle speech, the Soviet-U.S. Summit speech, the Iran-Contra address, and the 1986 State of the Union Address. Because the data in Table 1 indicates that Reagan’s speeches had a modest effect of his popularity (in general), I am hesitant to make broad generalizations about w hy certain speeches were able to have a greater effect on his popularity. Eleven out of the fifteen speeches show less than an 8% change in approval ratings, representing a moderate and unexceptional change. Reagan’s speeches may have increased his popularity, but Graph 1 shows that the overall trend in approval ratings fluctuated during his years in the White House. The two speeches that most dramatically effected Reagan’s approval ratings were the Soviet-U.S. Summit speech and the Iran-Contra speech, bothShow MoreRelatedThe Presidential Election Of 1980 Essay1442 Words   |  6 PagesTuesday, 4 November 1980, The United States presidential election of 1980 was held. The competition was between incumbent Democratic President Jimmy Carter and his opponent, former Californian Republican Governor, Ronald Reagan. Reagan, assisted by a falling economy complicated by inflation and high unemployment, and the Iran hostage crisis, Reagan would win the election in a sweep, receiving the largest number of electoral votes ever tallied by a presidential candidate not currently in office. JimmyRead MoreRonald Reag Rough Draft Essay1552 Words   |  7 PagesRonald Reagan Rough Draft Intro. INTRODUCTION Imagine, being the President of the United States of America, you are in charge of everything in the nation, being responsible for the well-being of your country. And imagine being on the verge of nuclear war with the Soviet Union and only having six minutes to decide whether or not civilization as we know it could continue. This is the type of stress Ronald Reagan was under almost every day of his eight year presidency. EARLY LIFE Read MoreThe Presidential Election Of The United States1507 Words   |  7 PagesThe 1980 presidential election of the United States featured three primary candidates, Republican Ronald Reagan, Democrat Jimmy Carter and liberal Republican John Anderson. Ronald Reagan was the governor of California before he decided to run for the presidency. John Anderson was a representative in Illinois and Carter was the incumbent. The lengthy Iran hostage crisis sharpened public opinions by the beginning of the election season. In the 1970s, the United States were experiencing a strainingRead MoreIs Ronald Reagan Under or Overrated as a President? Essay675 Words   |  3 Pages Is Ronald Reagan overrated or underrated as a president? Born Ronald Wilson Reagan on February 6, 1911 in Tampico, Illinois. He was an actor for 30 years before he became involved in politics. He starred in more than 50 movies. Along with acting, he was also a radio sportscaster. He served as the 33rd Governor of California. He was married to Jane Wyman from 1940 to 1949. He married Nancy Davis in 1952. President Ronald Reagan was our 40th president of the United States. He came intoRead MoreKilling Reagan By Bill O Reilly And Martin Dugard1601 Words   |  7 PagesKilling Reagan was wrote by Bill O’Reilly and Martin Dugard as a part of their series to talk about the deaths, assassination, and near deaths of certain historical people. O’Reilly and Dugard write about the events leading up to the attempted assassination of Ronald Reagan including discussing the attempted assassin, John Hinckley, and the events after up until his death. The authors present the viewpoint as if one were there to witness the lives of the people in the book. Killing Reagan talks aboutRead MoreThe Legacy Of Ronald Wilson Reagan1373 Words   |  6 PagesBackground Ronald Wilson Reagan was born on February 6, 1911, in Tampico, Illinois, to Nellie Wilson and John Edward Jack Reagan. Early on he established the nickname Dutch, because his father thought he resembled a fat little Dutchman. During Ronald’s early years, his family moved from town to town, finally settling in Dixon, Illinois, in 1920. In 1928, Reagan graduated from Dixon High School, where he was student body president, an athlete and also performed in school plays. During mostRead MoreJim Cullen s The American Dream965 Words   |  4 Pages Others declare having millions of dollars and a beach home is the ultimate goal. So, what exactly is the American Dream? In the Conservative conference speech â€Å"We Will Be a City upon a Hill†, Ronald Reagan demanded that traditional values defined the American Dream while President Obama argued equality was quintessential. In both presidential speeches, they each discussed two vastly drastic interpretations of the American Dr eam however, their speeches both themed constructs seen in Jim Cullen’sRead MoreRonald Reagan Of The United States1583 Words   |  7 PagesRonald Reagan of the United States under the chairmanship from 1981 to 1989. Despite the fact that the country is facing serious economic and social problems, has been popular throughout most of the period when he was in office. During his presidency, he and his administration have worked continuously to build its image as a true American. Partly because of his image, the public ignored the rise in unemployment, wage cuts, the increase of people living in poverty, an increase in children born outsideRead MoreRhetorical Analysis: Rhetorical Analysis:1723 Words   |  7 Pagesï » ¿ Rhetorical Analysis: President Ronald Reagan s Farwell Address Rhetorical Analysis: Reagan s Farwell Address Ronald Reagan s Farewell Address was an amazing example of conveying the fundamentals for freedom through an emotional and visual lesson. It is no wonder that the president known as the great communicator was successful in painting for us a picture of who we were, past and present, and the improvements in the areas of strength, securityRead MorePresident Ronald Reagan s Speech At The 1980 Republican National Convention862 Words   |  4 PagesSPE 130: Famous Person Speech Outline Anthony Cersosimo Title: Change for the Better Purpose: To inform my audience of Ronald Reagan and his speech at the 1980 Republican National Convention and how it was influential for the US at the time as well as its personal significance for me. Central Idea: Ronald Reagan’s speech at the 1980 Republican National Convention in Detroit was one that gave a sense of unification, hope, and

Animal Farm and Lord of the Flies Free Essays

The two novels, Animal Farm by George Orwell and Lord of the Flies by William Golding were both written over 50 years ago, meaning there is much to be said about both. All you have to do is type in the name of each of the novels into Google and out pops tonnes of information about each. If someone were to research enough of the two books they would be able to see that they are quite similar in plot and themes. We will write a custom essay sample on Animal Farm and Lord of the Flies or any similar topic only for you Order Now Both books take a look at a newly built society which is slowly destroyed by the characters or people within them. The concept of one having power over the rest is what corrupts the societies and ends in death and adversity for all others within the society. The authors both use their characters in the novels to portray what society might be like in that type of situation and use their actions to demonstrate how it can fall apart if the correct steps are not taken to maintain a functioning society. Therefore, both authors show how power can corrupt a society and create great hardship for the people ruled through its stimulating characters and their fraught actions. The main characters in both of the books are the ones who ultimately cause the societies to crumble. In Animal Farm George Orwell uses pigs to satire the leadership of Joseph Stalin and Leon Trotsky and how they manipulated their people into thinking what they are doing is right (NovelGuide). The pigs led a revolution on the farm owner to take the farm and leave it in the hands of all of the animals, instead of man. They stated that the farm would be run by the animals with no rules other then that to never act like a human (Orwell). Twelve voices were shouting in anger, and they were all alike. No question, now, what had happened to the faces of the pigs. The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which (Orwell 88). At the start of the revolution, there was no clear ‘leader’ of the animals and they did as they pleased, however the much smarter pigs started changing some of the rules that were set forth to make sure none of the animals would behave the way the humans had. The much smarter pigs took advantage of all of the other animals and started changing rules, giving them increasingly more power over the group. In the end, the power hungry pigs ended up becoming exactly what they set out to destroy, humans. The result of this corruption of power ended with a couple animals dying and others working night and day endlessly. In the novel Lord of the Flies author William Golding uses children lost on a deserted island to represent a newly formed society. Two boys choose to take different approaches to surviving on the island and running the rest of the group, so they split up into their own little societies. Jack, one of the leaders chooses a more violent role of surviving; he disagrees with the methods of Ralph (the other leader) and takes command of most of the boys (Golding). Jack began his adventure on the island as a normal boy just like any of the others, however after he was elected into power by all of his friends, it quickly got to his head. â€Å"I agree with Ralph. We’ve got to have rules and obey them. After all, we’re not savages. We’re English, and the English are best at everything. So we’ve got to do the right things† (Golding 42). The power which is corrupting Jack causes him to do many things no person would think of doing while trying to survive (Bookrags). In the end, Jack’s power ended in the deaths of two boys and the utter destruction of an island. All in all, power was what lead the main characters in each of the novels to corrupt a society they had longed to be apart of, leading to deaths of others and the hardship of the rest. Both the pigs and Jack used manipulation and their power to control the others in their respective societies. Within Animal Farm the pigs used their smarts to out wit and manipulate the others into giving them power over the rest. When the revolution first happened, the animals established ‘The Seven Commandments’ which consisted of rules preventing any animal from acting like a human (Golding). Over time the farm animals grew suspicious of the pigs actions and reverted back to ‘The Seven Commandments’, which was no use since the pigs were the only ones that could read, and they changed the rules in their favour. ‘It says, â€Å"No animal shall sleep in a bed with sheets†,’ she announced finally. Curiously enough, Clover had not remembered that the Fourth Commandment mentioned sheets; but as it was there on the wall, it must have done so (Orwell 42). Over time the pigs became more and more like the humans, and with no questions asked as well since none of the animals understood what the pigs were up too. The pigs used the saying â€Å"Four legs good, two legs bad† to justify most of their actions to the less intelligent animals (NeoEnglishSystem). The pigs rise to power and the corruption of the animal farm was aided by the smarts the pigs possessed over the other less clever animals. In Lord of the Flies, main character Jack uses persuasion and other un-ethical tactics to recruit other children into joining his ‘group’. Some of these tactics include threatening and bribing the others in order for him to gain power over the majority of the kids on the island (Bookrags). Jack’s methods of gaining the majority of the boys on the island results in him having complete power of what goes on, on the island. â€Å"Kill the beast! Cut his throat! Spill his blood! † (Golding 168). Jack orders an attack on the so called ‘monster’ that is living on the island with them. Without second guessing him, his tribe attacks the ‘monster’ which turns out to be one of the boys. All in all, the corruption of the others in the society by the leaders using manipulation and other methods to gain power is what leads to the ultimate demolition of the two novels societies. Due to their mad hunt for power and the means they went through to achieve it, the pigs and Jack had a bunch of repercussions for their actions against their respective societies. The pigs used their brains as a way to gain power and control of their group of animals, however by doing this it resulted in the deaths of a couple of the animals as well as the expulsion of one of the other pigs (Orwell). About half the animals on the farm rushed out to the knoll where the windmill stood. There lay Boxer, between the shafts of the cart, his neck stretched out, unable to even raise his head. His eyes were glazed, his sides matted with sweat. A thin stream of blood had trickled out of his mouth (Orwell 74). Even though the pigs are the ones that organized the revolution on the humans, they ended up becoming what they had feared. They over worked the other farm animals and made them think it was all for a better cause (NeoEnglishSystem). Lord of the Flies’ main character Jack also had major repercussions for his actions. Jack did not put him self in the leadership role, he was chosen by Ralph to help him run the group of boys. Things quickly got out of hand for Jack and he soon wanted to lead all of the boys by himself instead of with Ralph. Jack’s actions to get into power are what corrupted the small society of boys and those actions came with the repercussions of death for two of the boys and the near death experience for another. If anyone peered under the bushes and chanced to glimpse human flesh it might be sameric who would pretend not to see and say nothing. He laid his cheek against the chocolate coloured earth, licked his dry lips and closed his eyes. Under the thicket, the earth was vibrating very slightly; or perhaps there was a sound beneath the obvious thunder of the fire and scribbled ululations that was too low to hear (Golding 220). Jack told his tribe that they needed to kill Ralph and the only way to find him was to burn the jungle down. Ralph ran for his life away from the blood thirsty tribe of children and the fire (Cliffnotes). Jack’s actions to gain power have dire repercussions for the two boys who ended up dying and Ralph who was chased and nearly killed if he had not ran into a Naval Officer. All in all, the actions of the main characters who attempted to gain power over the others in the society were what eventually lead to the corruption of both societies. In conclusion, both William Golding and George Orwell do an amazing job of demonstrating how power can corrupt a society by using their characters in their novels. Both of the novels give the reader an insightful look at how society might be if the leaders of our countries grew corrupt with the power that they held over the rest of society. How to cite Animal Farm and Lord of the Flies, Papers