Senators to Saverin: Don’t come back. Ever. – Economy


Senators to Saverin: Don’t come back. Ever. – Economy.

Eduardo Saverin‘s decision to leave the United States with his money, but not his citizenship, has apparently touched a nerve in the Senate.

Sens. Chuck Schumer and Bob Casey held a press conference Thursday morning on Capitol Hill where they outlined legislation that would prevent the Facebook co-founder from ever returning to the United States.

Saverin, who now lives in Singapore, renounced his U.S. citizenship earlier this year. He will become astronomically wealthy on Friday when his former venture is listed on the NASDAQ. By renouncing his citizenship, Saverin is likely to avoid capital gains taxes on his Facebook shares.

Schumer called Saverin’s decision “outrageous” and labeled his tactics a “scheme.”

“Saverin has turned his back on the country that welcomed him and kept him safe, educated him, and helped him become a billionaire,” Schumer said. “This is a great American success story gone horribly wrong.”

Saverin and his representatives insist the Brazilian native did not renounce his citizenship for tax reasons.

In statement to CNN on Thursday, Saverin said it was “unfortunate” that his choice had led to a debate “based not on the facts, but entirely on speculation and misinformation.”

“I am obligated to and will pay hundreds of millions of dollars in taxes to the United States government,” Saverin said. “I have paid and will continue to pay any taxes due on everything I earned while a U.S. citizen.”

Still, it seems likely that the move will help Saverin escape some of the hefty taxes he’d have to pay on his Facebook stake, though it’s not known exactly how much of the company Saverin currently owns.

He owned 5% of the company’s outstanding shares as recently as 2009, according to “The Facebook Effect,” by David Kirkpatrick, but he has sold off some of those shares since then. He was not listed among those owning 5% or more of the company in Facebook’s pre-IPO regulatory filings.

The Brazilian-born Facebook co-founder became a U.S. citizen in 1998 and has been living in Singapore since 2009, but the United States requires its citizens to pay income taxes no matter where they live. Saverin, who provided some of Facebook’s initial financing, has not played an active role in the company for many years.

Schumer and Casey are calling their bill the “Ex-PATRIOT Act.”

The proposal says that if a wealthy American seeks to renounce their citizenship, it will be presumed they have done so for tax purposes, unless the individual can convince the IRS otherwise.

If the person is unable to convince the IRS, they will be subject to 30% capital gains tax on future U.S. investments no matter where they live. Furthermore, they will not be allowed back into the United States. “Period,” Schumer said. “They could not set foot in this country again.”

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Rep. Trent Franks Blocks Rep. Norton From Testifying at Hearing on DC Abortion Restrictions | Video Cafe


Rep. Trent Franks Blocks Rep. Norton From Testifying at Hearing on DC Abortion Restrictions | Video Cafe.

It appears the House Republicans, this time lead by Arizona Rep. Trent Franks are about to give us a sort of a rerun of the Sandra Fluke debacle, only this time the woman they’re refusing to allow to testify before a Congressional hearing is D.C.’s only elected representative, Del. Eleanor Holmes Norton:

Trent Franks Blocks D.C. Representative From Testifying About Proposed D.C. Abortion Ban:

Rep. Trent Franks (R-AZ) wants to restrict abortions in the District of Columbia, but he refuses to allow D.C.’s delegate from testifying on behalf of the city’s residents during a hearing about his proposal. Franks’ “fetal pain” bill would ban abortions after 20 weeks of pregnancy in D.C. even though there is no scientific proof that a fetus can feel pain at that point and a fetus is not viable.

Del. Eleanor Norton (D), D.C.’s only elected represetative, asked Franks last week if she could testify about the bill at an upcoming Thursday hearing. Franks denied her request, which Norton said breaks tradition of allowing members of Congress to testify about a bill that affects their constituents. Similarly, Rep. Darrell Issa (R-CA) prevented women from testifying on a panel about contraception back in February.

Norton told the Huffington Post that her constituents are “up in arms” about the proposed abortion ban:

“This is the first bill in history that attempts to take the residents of the District of Columbia outside of the protection of the Constitution,” she continued. “The right to have an abortion until viability is a mandated right under Roe v. Wade. I think it takes a lot of nerve to single out the constituents of another member’s district for discriminatory treatment, and we deeply resent it.” [...]

D.C. is an easy target for anti-abortion bills, Norton said, because it doesn’t have any elected officials who can vote in Congress.

Why wouldn’t they put this bill in for the entire country if they feel so deeply about it?”

In December, House Republicans forced a ban on funding for abortion services in D.C. to avoid a government shutdown and even prevented the city from using local taxes to pay for abortion care, reinstating a 13-year ban on abortion funding in D.C. that President Obama overturned in 2009.

Homeland Battlefield Act Portion Found Unconstitutional By New York Judge


Homeland Battlefield Act Portion Found Unconstitutional By New York Judge.

All I can say is, YAYAYAYYAYAYAY!

WASHINGTON — A day before Congress weighs an amendment to end indefinite military detentions in the U.S., a federal judge Wednesday ruled the law that allows the practice unconstitutional.

Saying the measure has “chilling impact on First Amendment rights,” U.S. District Judge Katherine Forrest, of New York’s Eastern District, found that a group of reporters and activists who brought the lawsuit had no way of knowing whether they could be subjected to it. That makes it an unconstitutional infringement on the First Amendment’s free speech right and the Fifth Amendment’s right to due process, Forrest said in a written opinion.

The lead plaintiffs — Pulitzer Prize winner Chris Hedges of the Nation Institute and Tangerine Bolen, who runs the website RevolutionTruth — argued that they conceivably could be grabbed under the law because they deal with sources that U.S. authorities may deem to fall under the law, Section 1021 of the 2012 National Defense Authorization Act.

The law defines the suspects who can be detained as a “person who was a part of or substantially supported al-Qaeda, the Taliban, or associated forces.”

Forrest found the language too vague, and repeatedly tried to get government attorneys to say that the reporters’ fears were unfounded. The lawyers declined.

“At the hearing on this motion, the government was unwilling or unable to state that these plaintiffs would not be subject to indefinite detention under [section] 1021,” Forrest wrote. “Plaintiffs are therefore at risk of detention, of losing their liberty, potentially for many years.

“An individual could run the risk of substantially supporting or directly supporting an associated force without even being aware that he or she was doing so,” Forrest wrote. “In the face of what could be indeterminate military detention, due process requires more.”

“We dealt a pretty big blow to two branches of Congress and President Obama,” Bolen told The Huffington Post. Bolen got involved in the lawsuit because she worked extensively on the Wikileaks and Bradley Manning cases, and used her website to expose where the war on terror has gone tragically wrong, including interviewing Iraqis and Afghans with damning tales to tell.

“Given that I engage in those two activities and I have an entire team around the world, I really felt that under the vague language of the NDAA, someone like me could easily get in trouble,” Bolen said.

“If I start showing that we’re behaving in such an egregious manner in this country in our alleged war on terror, and I become a thorn in the side of the U.S government in fighting for our rights — the phrase material support, I’m talking to, quote, alleged terrorists or people around the world who may be questionable — just by talking to them and interviewing them on a platform, am I providing them material support?” Bolen said. “That was my fear.”

The author and activist Naomi Wolf said watching the judge question administration lawyers repeatedly on the issue of who might be detained under the law — and the lawyers not answering — was downright chilling. To have the judge find that state of affairs unconstitutional was a profound relief, Wolf said in an interview.

“To hear those words — it’s so true, it’s so obvious — it puts in glaring relief the hideousness, the unconstitutionality, the darkness of this legislative efffort and others like it,” Wolf said. “She is so completely, obviously right. It’s nothing short of treason to have put forward legislation like this, let alone to have had most of the people who represent us and our president sign off on this clearly, obviously criminally unconstitutional — unconstitutional is inadequate. It’s anti-constitutional. It’s dictatorial.

“I’m so happy as a mother. It’s so profound. All of us were put in danger by this law.”

The White House had no comment on the ruling Wednesday night.

Reps. Adam Smith (D-Wash.) and Justin Amash (R-Mich.) are offering an amendment on Thursday to the 2013 Defense Authorization Act that would end the law. Amash sent an appeal to fellow lawmakers soon after the ruling, asking them to pass it.

“The amendment I’m offering with Rep. Adam Smith is the ONLY amendment that ensures that persons arrested on U.S. soil aren’t detained indefinitely without charge or trial,” Amash wrote. “Voting against the Smith-Amash amendment allows the government to retain the power to detain persons, picked up in the U.S., for life, on the suspicion that they ‘substantially supported’ forces ‘associated’ with our enemies.”

“If our constituents haven’t sent a clear enough message, tonight’s ruling surely does: Congress must act now to guarantee the constitutional right to a charge and a trial,” Amash wrote.

The progressive group Demand Progress was among those directing voters to contact their elected representives about the law, using an online petition and a new Facebook tool.

The government has 60 days to decide whether to appeal.

Michael McAuliff covers politics and Congress for The Huffington Post. Talk to him on Facebook.