Tag Archives: Court

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FRENCH COURT REJECTS 75 PERCENT MILLIONAIRES’ TAX

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By Emile Picy and Catherine Bremer

PARIS | Sat Dec 29, 2012 11:25am EST

(Reuters) – France’s Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande’s push to make the rich contribute more to cutting the public deficit.

The Council ruled that the planned 75 percent tax on annual income above 1 million euros ($1.32 million) – a flagship measure of Hollande’selection campaign – was unfair in the way it would be applied to different households.

Prime Minister Jean-Marc Ayrault said the government would redraft the upper tax rate proposal to answer the Council’s concerns and resubmit it in a new budget law, meaning Saturday’s decision could only amount to a temporary political blow.

FULL ARTICLE

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Why is the German Courts Ruling Important?

The eurozone countries, in their attempts to contain the debt crisis had ratified an agreement to create a permanent bail-out fund, the European Stability Mechanism (ESM), the permanent fund was to be €500 billion ($638.8 billion). However, some German lawmakers said that German involvement in the fund was in breech of their constitution. Today, Germany’s highest court ruled that the fund does not violate the German constitution, thus removing a considerable road block towards solving part of the debt crisis.

The court hearing has caused much uncertainty in European and global markets. Had the German lawmakers ruled to block the bailout fund, it would have sent panic through the global economy, and would have ended the bail-out fund as a rescue vehicle;  Germany is the biggest contributor to the fund, as they are the largest economy in Europe.

However, the German court have placed a limit on Germany’s contribution to the European Stability Mechanism; Germany’s financial liability in the bail-out fund cannot be increased without agreement from the German parliament.  Germany will not sign a blank cheque to Brussels!

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Supreme Court upholds individual mandate, ObamaCare survives | Fox News


The Supreme Court on Thursday upheld nearly all of President Obama’s health care overhaul, in a landmark ruling that will have sweeping consequences for the economy, the election and America’s health care system.

In a 5-4 decision, the court ruled as constitutional the so-called individual mandate requiring most Americans to obtain health insurance starting in 2014.

Chief Justice John Roberts, who was appointed during a Republican administration, joined the four left-leaning justices on the bench in crafting the majority decision.

“The Affordable Health Care Act survives largely unscathed,” Justice Ruth Bader Ginsburg, one of those justices, declared at the end of the reading, claiming the “setbacks” going forward will be “temporary blips, not permanent obstructions.”

Source Supreme Court in Favor Obama Care

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UNION: SEIU Must Give Fee Increase Notice- Opt Out

Washington D.C.

The Supreme Court has ruled unions must give opt out for fee increases that Unions impose without consent by their members, when said “heads” decide they want to fund a political compain even if the members do not agree with them.

The Court has said this is un-just and union members must be given an “opt out” clause before any increased dues can be expected from them.

This is only fair, and can hinder a few at the top of the union from dictating political policy, especially when the people they take the money from do not agree with their agenda’s.

VIA US SUPREME COURT UNION FEES