Morning Bell: Red Tape Rising

HERITAGE FOUNDATION/THE FOUNDRY, 4/5/2010 - Just three days after President Barack Obama's health plan was signed into law, AT&T announced that due to an obscure tax change in the bill, the nation's largest telephone company would take a $1 billion hit to its bottom line this quarter. According to health benefits analysts this tax law modification would shave as much as $14 billion from U.S. corporate profits. While it would have been better had these tax losses been made more public before Congress voted, at least these tax charges are transparent and easily quantifiable enough to get noticed by the American people. Unfortunately the same cannot be said of the hundreds of new regulations that the federal government will enforce as it tries to implement Obama's redistributionist health agenda. Read more at The Foundry...