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Tag: cash

Tell The Feds To Stuff It

By JGillman, Section News
Posted on Tue Dec 03, 2013 at 02:02:26 PM EST
Tags: Michigan, Institute for Justice, Tom McMillin, HB-5081, Seizures, IRS, Cash, Bureaucracy, Congress, Cowards (all tags)

Due process is a critical component and a guarantee afforded by the United States Constitution.

Of course, current events have shown that the constitution has has limited support from the cowards in congress. (Hint: the word is IMPEACHMENT) Inaction and a lack of oversight by congress into the executive operations has allowed the federal buraeucracy to operate with impunity. Adding to this, property forfeiture under the guise of criminal deterrence has been the source of income for local law enforcement that sells its soul to the justice department. From a Detroit News Editorial

"Since the U.S. Department of Justice's Asset Forfeiture Fund was established in 1986, the federal government has used property forfeiture to deter criminal activity and to incentivize local governments to cooperate with federal anti-drug and anti-terrorism efforts. Under the 2001 Patriot Act, Congress expanded civil forfeiture to include cash transactions, requiring banks to report deposits of more than $10,000 to detect terror-related money-laundering schemes.
But this instrument also has been used to harass law-abiding Americans, particularly business owners who regularly deposit cash of $7,000 to $9,000. The businesses are often seen as trying to skirt the $10,000 bank reporting requirement.

Unfortunately innocent business owners have been paying the price for such over zealous efforts.

Continued below the fold.

(4 comments, 433 words in story) Full Story

Cash for Clunkers, Motor City Style!

By theclassiclib, Section News
Posted on Thu Jun 11, 2009 at 03:11:09 PM EST
Tags: cash, clunkers, autos, car, credit, trade-in, voucher (all tags)

Cross-posted at Michigan Blogger.

On Tuesday, the House of Representatives, in their infinite and omnipotent wisdom, passed the "cash for clunkers" bill, aiming to boost new auto sales by giving up to $4,500 in rebates, for turning in gas-guzzlers.

Funny thing is ... even the Detroit Free Press says it won't work:

(1 comment, 524 words in story) Full Story