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S.B. 185, recently signed into law by California Governor Edmund G. (Jerry) Brown, Jr., requires California’s public employee pension plans to divest their investments in publicly-traded companies that derive half or more of their revenue from “the mining of thermal coal.”
The post California’s S.B. 185, thermal coal, and the fallacies of social investing appeared first on OUPblog.
Governor Andrew Cuomo says that he no longer wants New York to be “the tax capital of the nation.” The recent experience of Patrick J. Carr demonstrates the long distance New York must still travel to reach the governor’s goal.
The post The Carr case: New York is still the tax capital of the nation appeared first on OUPblog.
John Oliver’s sardonic spoof of televangelists raises important issues that deserve more than comic treatment. Oliver’s satire was aimed both at the televangelists themselves and at the IRS. In Oliver’s narrative, the IRS acquiesces to televangelists’ abuse by granting their churches tax-exempt status and failing to audit these churches.
The post John Oliver, Televangelists, and the Internal Revenue Service appeared first on OUPblog.
Medicare recently announced that it will pay for end-of-life counseling as a legitimate medical service. This announcement provoked little controversy. Several groups, including the National Right to Life Committee, expressed concern that such counseling could coerce elderly individuals to terminate medical treatment they want. However, Medicare’s statement was largely treated as uncontroversial—indeed, almost routine in nature.
The post Medicare and end-of-life medical care appeared first on OUPblog.
The recent news about charitable contributions in the United States has been encouraging. The Giving Pledge, sponsored by Warren Buffett and Bill Gates, Jr., recently announced that another group of billionaires committed to leave a majority of their wealth to charity. Among these new Giving Pledgers are Judith Faulkner, founder of Epic Systems; Hamdi Ulukaya, founder of Chobani Yogurt; and Brad Keywell, a co-founder of Groupon. Moreover, Giving USA reported that charitable donations in 2014 reached an all-time high of $358 billion.
The post The continuing benefits (and costs) of the Giving Pledge appeared first on OUPblog.
In a letter addressed to President Obama, 26 members of the United States Senate expressed their support for the private sector retirement savings laws adopted in Illinois and California, and also being considered in other states. In particular, the senators asked that the United States Treasury and Labor Departments resolve three legal issues clouding the prospects of these adopted and proposed state laws.
The post President Obama, the Senate, and state private-sector retirement laws appeared first on OUPblog.
On one level, I admire the public furor now surrounding Indiana’s Religious Freedom Restoration Act (RFRA). In an important sense, this discussion reflects the Founder’s vision of a republican citizenry robustly debating the meaning of important values like nondiscrimination and religious freedom. On the other hand, this public controversy has, at times, regrettably reflected failure on both sides to respect their fellow citizens and confront the merits of the issue in civil fashion.
The post Indiana’s RFRA statute: a plea for civil discourse appeared first on OUPblog.
Tomorrow night’s appearance before a joint session of Congress by Israeli Prime Minister Benjamin (“Bibi”) Netanyahu raises four important questions. 1. Should Speaker John Boehner have invited the Israeli Prime Minister to speak without first consulting with President Obama? Answer: No. As a matter of law, the Speaker had the authority to extend this invitation to the Israeli Prime Minister without consulting with the President. As a matter of policy, however, this was a bad practice.
The post Four questions for Boehner, Bibi, Barack, and Biden appeared first on OUPblog.
