Comments on: Oil spill muckraking, SEC excuses, and Gingrich’s taxes http://blogs.reuters.com/stories-id-like-to-see/2011/12/20/oil-spill-muckraking-sec-excuses-and-gingrichs-taxes/ Steven Brill Tue, 19 Aug 2014 18:30:28 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: IgnatiusJ http://blogs.reuters.com/stories-id-like-to-see/2011/12/20/oil-spill-muckraking-sec-excuses-and-gingrichs-taxes/comment-page-1/#comment-28 Wed, 21 Dec 2011 19:59:36 +0000 http://blogs.reuters.com/stories-id-like-to-see/?p=56#comment-28 There will be very little mainstream coverage of Romney or Newt espousing policy from which they personally benefit. It’s easier to repeat GOP talking points about birth certificates, socialism, et al. Average voters can’t follow tax law.

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By: Mandolin http://blogs.reuters.com/stories-id-like-to-see/2011/12/20/oil-spill-muckraking-sec-excuses-and-gingrichs-taxes/comment-page-1/#comment-26 Wed, 21 Dec 2011 14:47:08 +0000 http://blogs.reuters.com/stories-id-like-to-see/?p=56#comment-26 The Muck Around the BP-Halliburton.
Interesting reading revolving arround the entire Deep Water Horizon disaster is “FIRE ON “THE HORIZON”, Author is a Rig Captain who delves deep into the deep water drilling industry and the BP Gulf Spill in particular. In particular he sheds light on many engineering and ignored safety alarms sounded and shortcuts enacted in the drilling of this particulr well.

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By: borisjimbo http://blogs.reuters.com/stories-id-like-to-see/2011/12/20/oil-spill-muckraking-sec-excuses-and-gingrichs-taxes/comment-page-1/#comment-25 Wed, 21 Dec 2011 01:53:44 +0000 http://blogs.reuters.com/stories-id-like-to-see/?p=56#comment-25 Believe what you want, Brill, but a friend of mine who does appellate work for the SEC says they have no travel budget. Doesn’t say anything about what else they do have budgets for though.

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By: ARJTurgot2 http://blogs.reuters.com/stories-id-like-to-see/2011/12/20/oil-spill-muckraking-sec-excuses-and-gingrichs-taxes/comment-page-1/#comment-24 Tue, 20 Dec 2011 22:22:41 +0000 http://blogs.reuters.com/stories-id-like-to-see/?p=56#comment-24 “It’s time that someone plow through all the mudslinging and tell us which charges, if any, seem real and what they tell us about letting either of these companies continue to operate in the Gulf or anywhere else”

I nominate Ken Salazar, it might give him a chance to show at least some evidence of competence. Eric Holder seems to have left the building.

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By: OneOfTheSheep http://blogs.reuters.com/stories-id-like-to-see/2011/12/20/oil-spill-muckraking-sec-excuses-and-gingrichs-taxes/comment-page-1/#comment-23 Tue, 20 Dec 2011 19:38:24 +0000 http://blogs.reuters.com/stories-id-like-to-see/?p=56#comment-23 I couldn’t agree more with your first two issues.

With regard to the third, it would be a poor use of federal investigative and prosecution resources to “zero in” on the nickles and dimes (relatively speaking) of Romney’s and Gingrich’s wardrobes. It should be obvious that politicians are “entertainers”, like David Letterman and Jay Leno.

Their “professional clothes” enhance their image, and thus credibility and value; and are, therefore deductible as a cost of doing business. I’m sure each has a cheap suit that they can wear to those occasions that are purely personal and they each paid for themselves with after-tax dollars (even if it was some years ago…suits last a long time if you don’t wear them much.

It has long been said that a well run small business is not supposed to make a profit. It should “break even” higher and higher. Today a “small business” can be pretty big (in dollar value). Do we really think “big business” is too dumb to apply the same logic whenever and wherever possible under applicable tax regulations?

This is but one way a “small” company can compete with a large company for management, accounting, etc. “Inventive reimbursement” is nothing new and not going away! This has long been part of the “cost of doing business”.

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