The House Oversight and Government Reform Committee, filed the subpoenas in 2013, see the announcement here. In part:
The Committee initially requested information on the CO-OP program in October 2012 and again in March 2013. A June 7, 2013 letter to Secretary Sebelius stated, “[T]his delay is unacceptable and your lack of transparency is troubling.”
The Obamacare CO-OP program used taxpayer money to loan $2 billion to companies establishing non-profit health insurance issuers. However, the Office of Management and Budget estimated the taxpayer losses for the loans at 43.2 percent. Moreover, several companies have experienced legal or financial troubles. For instance, the Vermont Health Co-op, which received a $34 million taxpayer-backed loan, was last month denied an insurance license by the state of Vermont. In letters to HHS, the Committee expressed concern that the process used to select loan recipients was flawed and lacked transparency.
****
The Obamacare co-ops are tax-funded non-profit entities that were supposed to compete with private insurance companies. In this, they have failed spectacularly. In the last couple of years, 12 of the co-ops have shut their doors, costing doctors and hospitals million of dollars in losses. This year, some experts are predicting that up to 8 of the 11 remaining co-ops will go under as well. More here from AmericanThinker.
****IBD: Being the “most transparent administration” in history apparently doesn’t mean complying with a congressional subpoena to find out why more than half of the ObamaCare co-ops have failed.
That’s what the House Oversight and Government Reform Committee is learning, at least. It has subpoenaed information relating to the 23 nonprofit co-op insurance companies that ObamaCare established with $2.5 billion in government loans.
The co-ops were supposed to provide price competition against commercial insurers, but last year many pushed for and got huge, double-digit rate hikes. Even so, more than half of the 23 set up have failed already, and it’s likely that eight more will collapse this year.
Given that taxpayers are on the hook for billions in loans that might never get repaid, it is only fitting that Congress should find out what went wrong and why.
But instead of providing answers, the Obama administration is stonewalling.
Oversight Committee Chairman Jason Chaffetz said at a hearing this week, “Health and Human Services has not provided any valid legal reason for withholding information from this committee.”
The committee demanded documents back in November that would shed light on how the administration picked these co-ops, how much money has been spent and what plans the administration has to get federal loan money back from failed co-ops.
Chaffetz says that Obama officials merely “assert that if certain information was released publicly, it could cause consumers to think twice before enrolling in co-op insurance plans.”
That makes absolutely no sense. If other co-ops are likely to fail, then consumers should be aware of it, so they can avoid having their coverage disrupted midyear, which could mean changing doctors, paying higher out-of-pocket costs and so on.
This is hardly the first time that the administration has stonewalled congressional inquiries. If anything, it seems to be the unstated policy of the Obama administration.
In addition to the ObamaCare documents, for example, the Oversight Committee is battling to get documents related to the EPA’s massively expensive water regulations, the Department of Homeland Security’s policy on airport credentialing, the massive hack of government employee records and so on.
Obama officials get away with concealing anything and everything that might prove embarrassing or controversial because the “speaking truth to power” mainstream press largely ignores the stonewalling. So the White House doesn’t suffer any consequences or feel any pressure to change.
You can bet the media’s lackadaisical attitude about government transparency will suddenly change if a Republican ends up in the White House next year. But in the meantime, we may never get a clear answer to why the Obama administration flushed $2.5 billion in taxpayer money down the drain.
Category Archives: Industry Jobs Oil Economics
Why Trump Refuses to Release Tax Returns?
The Panama Papers scandal led to many wealthy elites across the world being exposed for in many cases illicit financial transactions. Further, continued investigations by journalists have exposed the likes of John Kerry and the Hillary campaign leaders, a little known obscure address in Delaware. While tax havens are not illegal due to loopholes in the tax code, those that exploit them call into question how and why the tax havens are used in the first place. Humm….Trump will not release his tax returns until after the convention.
Related: Trump Foundation has not released all veteran fundraising money.
Related: Judge decides on Trump University Trial
Related: Trump’s new hire Manafort Trouble in the Ranks
Related: Trump’s Team Stuffed with Lobbyists
Enter the Clintons and oh…Donald Trump.
Trump and Clinton share Delaware tax ‘loophole’ address with 285,000 firms
1209 North Orange Street in Wilmington is a nondescript two-storey building yet is home to Apple, American Airlines, Walmart and presidential candidates
TheGuardian: There aren’t many things upon which Hillary Clinton and Donald Trump agree, especially as they court very different Delaware voters ahead of a primary on Tuesday. But the candidates for president share an affinity for the same nondescript two-storey office building in Wilmington. A building that has become famous for helping tens of thousands of companies avoid hundreds of millions of dollars in tax through the so-called “Delaware loophole”.
The receptionist at 1209 North Orange Street isn’t surprised that a journalist has turned up unannounced on a sunny weekday afternoon.
“You know I can’t speak to you,” she says. A yellow post-it note on her computer screen reads “MEDIA: Chuck Miller” with the phone number of the company’s director of corporate communications. Miller can’t answer many questions either, except to say that the company does not advise clients on their tax affairs.
The Guardian is not the first media organisation to turn up at the offices of Corporation Trust Centre, and it’s unlikely to be the last.
This squat, yellow brick office building just north of Wilmington’s rundown downtown is the registered address of more than 285,000 companies. That’s more than any other known address in the world, and 15 times more than the 18,000 registered in Ugland House, a five-storey building in the Cayman Islands that Barack Obama called “either the biggest building in the world, or the biggest tax scam on record”.
Officially, 1209 North Orange is home to Apple, American Airlines, Coca-Cola, Walmart and dozens of other companies in the Fortune 500 list of America’s biggest companies. Being registered in Delaware lets companies take advantage of strict corporate secrecy rules, business-friendly courts and the “Delaware loophole”, which can allow companies to legally shift earnings from other states to Delaware, where they are not taxed on non-physical incomes generated outside of the state.
The loophole is said to have cost other states more than $9bn in lost taxes over the past decade and led to Delaware to be described as “one of the world’s biggest havens for tax avoidance and evasion”.
But it’s not just big corporations that have chosen to make 1209 North Orange their official home.
Both the leading candidates for president – Hillary Clinton and Donald Trump – have companies registered at 1209 North Orange, and have refused to explain why.
Clinton, who has repeatedly promised that as president she will crack down on “outrageous tax havens and loopholes that super-rich people across the world are exploiting in Panama and elsewhere”, collected more than $16m in public speaking fees and book royalties in 2014 through the doors of 1209, according to the Clintons’ tax return.
Just eight days after stepping down as secretary of state in February 2013, Clinton registered ZFS Holdings LLC at CTC’s offices. Bill Clinton set up WJC LLC, a vehicle to collect his consultation fees, at the same address in 2008.
A spokesman for Clinton said: “ZFS was set up when Secretary Clinton left the State Department as an entity to manage her book and speaking income. No federal, state, or local taxes were saved by the Clintons as a result of this structure.”
The Clintons’ companies share the office with several of Trump’s companies. They include Trump International Management Corp and several companies that form part of Hudson Waterfront Associates, a Trump partnership to develop more than $1bn worth of luxury condos on the west side of Manhattan.
Of the 515 companies on Trump’s official Federal Election Commission (FEC) filing, 378 are registered in Delaware, he revealed, after being questioned by the Guardian about why so many of his New York-based companies are incorporated in Delaware.
He said he asked his staff to find out how many entities he has in Delaware. “I figured they’d maybe say two or three, right?” Trump said at a rally in Harrington, Delaware, on Friday. “We have 378 entities registered in the state of Delaware, meaning I pay you a lot of money, folks. I don’t feel at all guilty, OK?”
Among them are 40 Wall Street Corporation, Trump’s 72-storey downtown tower that was the tallest building in the world for two months in 1930, and the Trump Carousel in Central Park.
The Trump campaign did not respond to questions about whether Trump was using Delaware in order to avoid taxes in New York.
It is not unusual for rich individuals and companies to register their business in Delaware due to the ease of company formation in the state, but the Clintons’ and Trump’s companies in the state are likely to come under greater scrutiny as the US presidential primary roadshow rolls into the state on Tuesday. A poll by research firm Gravis Marketing last week showed Trump had a 37-point lead over John Kasich; Clinton polled 45%, ahead of Sanders on 38% in the same poll.
A report by the Institute on Taxation and Economic Policy, titled Delaware: An Onshore Tax Haven, said the state’s tax code made it “a magnet for people looking to create anonymous shell companies, which individuals and corporations can use to evade an inestimable amount in federal and foreign taxes”.
Several accounting experts said there are many legitimate reasons why US and foreign companies incorporate in Delaware, particularly because of its highly respected Court of Chancery and business-friendly state government. The process of setting up a company in the state can be completed in just a few hours and requires less paperwork than registering for a library card in the state. There are more than 1m companies registered in the state – more than Delaware’s population of 935,000.
In the US presidential election, Clinton’s rival Bernie Sanders has led the charge to counter corporate greed, and highlighted the tax havens revealed by the Panama Papers as evidence that “the wealthiest people and largest corporations must start paying their fair share of taxes”.
Clinton has called offshore tax havens “a perversion” of the legal code, and Obama called for reform of the international system earlier this month. Even Trump has said he supports raising taxes on the wealthiest Americans, “including myself”, though his tax plan offers cuts.
The Guardian Media Group, owner of theguardian.com, is registered in Dover, Delaware. “Guardian Media Group has business operations in the UK, US and Australia,” a Guardian spokesperson said. “The group’s assets are held entirely by companies in these countries and are fully subject to prevailing tax laws and regulations. The group also has a UK endowment fund which holds a mixture of UK and non-UK assets and is fully subject to UK tax laws and regulations.”
Heinz and John Kerry Deep Tax Havens in Panama Papers
EXCLUSIVE: Kerry, Heinz Family Have Millions Invested In Offshore Tax Havens
Pollock/DailyCaller: Secretary of State John Kerry and his wife Teresa Heinz have invested millions of U.S. dollars through family trusts in at least 11 offshore tax havens, according to The Daily Caller News Foundation’s Investigative Group.
The revelation comes on the heels of the release of the Panama Papers, a treasure trove of 11.5 million legal and financial records documenting how some of the world’s richest and most powerful people have used offshore bank accounts to conceal their wealth and avoid taxes.
Since the release of the papers, no American politician has been identified as using the secretive offshore accounts.
But a DCNF investigation has confirmed that the former Massachusetts Democratic senator and his billionaire wife, using an elaborate set of Heinz family trusts, have invested “more than $1 million” each into 11 separate offshore accounts — mainly hedge funds in the Cayman Islands.
The investments were made during both Kerry’s tenure in the Senate and in his present position as the nation’s chief diplomat.
The trusts funneled millions of dollars over the years into various offshore investment vehicles through a Heinz trust called the “Heinz Family Commingled Alternative Investment Fund.”
Two other trusts appear to have been set up by the Heinz family since Kerry was appointed by President Barack Obama in 2013 to succeed Hillary Clinton as secretary of state. One is called “HFI Intermediate Fund II” and other the “HFI Dividend Investments.” HFI stands for the Heinz Family Investments.
Another Heinz trust, called “HP Imperial,” invests in companies throughout Asia, including state-run companies within the People’s Republic of China. It is an interesting decision by the Heinz family, given Kerry’s present duties.
When Kerry joined the Obama administration in February 2013, he was considered the second wealthiest member of the Senate, with personal assets totaling nearly $200 million.
Teresa Heinz inherited hundreds of millions of dollars when her former husband, Republican Sen. John Heinz of Pennsylvania, died in 1991 in an airplane crash. Forbes estimates Heinz’s net worth today is $1 billion.
Even after his ascension as secretary of state, the Heinz family continues to make sizable investments in tax havens, a fact that doesn’t sit well with some who would normally be supportive of Kerry.
“Well I say it doesn’t look good by any means,” said Susan Harley, deputy director of Congress Watch, a progressive lobby organization founded by Ralph Nader.
“There’s always a question of whether it’s tax avoidance or tax evasion,” she told TheDCNF. “We would expect our government servants to uphold the law. Those folks need to be held to the same standards as everyone else.”
Obama recently lashed out at U.S. citizens who use tax havens.
On April 5, a few days after the Panama Papers were released, the president said the rich “have enough lawyers and enough accountants to wiggle out of responsibilities that ordinary citizens are having to abide by.” He said they were “gaming the system.”
Harley said the president might not be pleased with some of his cabinet members investing in tax havens: “Given what the president has said, it doesn’t sound like he would be in favor of that kind of behavior as far as people in his cabinet.”
For its part, State Department Spokesman Adm. John Kirby told TheDCNF Kerry is not a beneficiary of the investments and does not own them.
“Secretary Kerry has no offshore investments. He is not, nor has he ever been a beneficiary of Heinz Family and Marital Trusts and he has no decision-making power over them since they are entirely controlled by independent trustees,” said Kirby.
Heinz is a beneficiary, Kirby said, but he emphasized that the investments “are entirely controlled by independent trustees.” He declined to say who controls the trust and makes investment decisions.
The Kerry/Heinz family investments are so vast that Kerry’s federal financial disclosure form runs 169 pages in length, with about 10 investments per page.
Although Democrats are united in condemning offshore accounts, many Democrats, including Obama, have actually benefited from them.
The Fortress Fund, founded by James Dinan, is a tax shelter that is close to Democrats. The Heinz family invested “more than $1 million” in Fortress V when Kerry was a senator, according to his 2015 financial disclosure form.
Fortress is incorporated in the Cayman Islands, according to the company’s filing with the Securities and Exchange Commission.
In 2006, Fortress first came to public attention when it was disclosed that the hedge fund paid Democratic presidential candidate John Edwards $480,000 for a “part time job.” Edwards had invested $16 million into Fortress.
The New York Times described the Fortress Fund in 2007, saying it was comprised of “thinly regulated pools of often risky investments,” and linked it to the subprime mortgage meltdown of 2008.
Dinan also was a top Obama bundler who raised between $50,000 to $100,000 in 2008, according to OpenSecrets, a nonprofit campaign finance research group.
And Penta Asia Fund, based in the British Virgin Islands, was founded by former George Soros fund manager John Zwaanstra.
According to records from Kerry’s Senate filing and his federal disclosure filing, he and his family appear to have cut back on their offshore investments after he joined the Department of State, but did not eliminate them. In some instances, they actually invested more in various offshore funds.
The Kerry family trust offshore investments are in:
Abry Partners – The company finalized $42 billion in “leveraged transactions” according to its website. Incorporation: Cayman Islands. Kerry family investment was worth “more than $1 million” while he was in the Senate, but was reduced in 2014 to between $250K to $500K.
Cevian Capital – Is an active ownership investment firm that seeks ownership in undervalued public companies. Incorporated: George Town, Grand Cayman. This is the only offshore investment organized by the new Kerry family “HFI Diversified Investment Fund.” While secretary of state, Kerry and family invested “more than $1 million” in the fund. It pays annual dividends, interest and capital gains of $100,000 to $1 million.
DLJ Merchant Partners III — is a Delaware registered company, but as of 2013, it was managed by APriori Capital Partners, a Cayman Island registered firm. Kerry only had $100K in DLJ in 2014, but the family still receives dividends, rentals and royalties, interest and capital gains. Annual income is $50,000.
Dover Street VII – Seeks to buy investments in venture capital or buyouts in the U.S. and U.K. Incorporated: Cayman Islands. The family trust invested more than $1 million while Kerry was in the Senate. As secretary of state, the family expanded investments into four more funds. They get annual dividends, interest, rents royalties, and capital gains totaling $120,000 to $185,000.
Fortress V Fund – Specializes in buyouts and recapitalizations, according to Bloomberg. Incorporation: Cayman Islands. The trust investment: more than $1 million. After Kerry became secretary of state, the family reduced investment to $500,000 for Fortress V but added a new investment in “Fortress V Co-investment Fund” for $250,000. The family receive dividends, rents and royalties, interest and capital gains.
Owl Creek II – A hedge fund. Incorporation: Cayman Islands. Kerry family investment: More than $1 million in Senate filing; reduced to $100,000 from $1 million in 2014. The family receives dividends, rent and royalties, and capital gains up to $100,000 per year.
Penta Asia Fund – An Asia-focused hedge fund founded by Soros Fund manager John Zwaanstra. Registration: British Virgin Islands. The trusts investment began while Kerry was in the Senate with an investment of more than $1 million. It was liquidated in 2014.
Patron Capital Group III – The fund makes “opportunistic and value-oriented investments,” including “liquidity constrained property assets” predominantly in Western Europe. Registered in Guernsey and based in Gibraltar. While Kerry was in the Senate, the family invested more than $1 million, but that was reduced to $250,000 in 2014. They receive dividends, interest, and capital gains, now only $5,000 per year
Tiger Growth Equities – This fund primarily focuses investment in China, Southeast Asia, Latin America and Eastern Europe. Incorporation: Cayman Islands. More than $1 million in Kerry’s Senate filing. Kerry and family have continued their investment during his secretary of state years. They receive annual dividends, interest and capital gains estimated from $100,000 to $1 million.
Valinor Capital Partners – Is a “pooled investment hedge fund.” Incorporated: Cayman Islands. Kerry and family invested more than $1 million, receiving annual income from dividends, interest and capital gains of $100,000 to $1 million.
York European Opportunities fund – a hedge fund, that invests in “restructures, spinoffs, split-ups and proxy contests.” Incorporation: Cayman Islands. Kerry Family Investment: $1 million during the Senate term. Dividends: $100,000 to $1 million annually. Subsidiary York Capital Management’s number one investment is in the HJ Heinz Company.
“HP Imperial,” another Heinz trust invests in Malaysia, Hong Kong, Thailand and South Korea. Its biggest investments are in communist China, including the Alibaba Group; Boer Holdings, a Chinese electrical distribution company in Wuxi, Yixing and Shanghai; Hubao International Holdings, a tobacco company; Labixiaoxin Snacks Group, a Chinese snack food provider; Sands China, with six casinos in Macau; and Tibet 5100 Water Holdings, a Chinese-owned company trying to sell Tibetan premium water like Evian.
Need to Know Facts on EB-5 Visa Program
In 1999, yes under President Bill Clinton and selling out sovereignty under a globalist agenda:
FAS: The immigrant investor visa was created in 1990 to benefit the U.S. economy through employment creation and an influx of foreign capital into the United States. The visa is also referred to as the EB-5 visa because it is the fifth employment preference immigrant visa category. The EB-5 visa provides lawful permanent residence (i.e., LPR status) to foreign nationals who invest a specified amount of capital in a new commercial enterprise in the United States and create at least 10 jobs. The foreign nationals must invest $1,000,000, or $500,000 if they invest in a rural area or an area with high unemployment (referred to as targeted employment areas or TEAs).
There are approximately 10,000 visas available annually for foreign national investors and their family members (7.1% of the worldwide employment-based visas are allotted to immigrant investors and their derivatives). In FY2015, there were 9,764 EB-5 visas used, with 93% going to investors from Asia. More specifically, 84% were granted to investors from China and 3% were granted to those from Vietnam.
In general, an individual receiving an EB-5 visa is granted conditional residence status. After approximately two years the foreign national must apply to remove the conditionality (i.e., convert to full-LPR status). If the foreign national has met the visa requirements (i.e., invested and sustained the required money and created the required jobs), the foreign national receives full LPR status. If the foreign national investor has not met the requirements or does not apply to have the conditional status removed, his or her conditional LPR status is terminated, and, generally, the foreign national is required to leave the United States, or will be placed in removal proceedings.
In 1992, Congress established the Regional Center (Pilot) Program, which created an additional pathway to LPR status through the EB-5 visa category. Regional centers are “any economic unit, public or private, which [are] involved with the promotion of economic growth, including increased export sales, improved regional productivity, job creation, and increased domestic capital investment.” The program allows foreign national investors to pool their investment in a regional center to fund a broad range of projects within a specific geographic area. The investment requirement for regional center investors is the same as for standard EB-5 investors. As the use of EB-5 visas has grown, so has the use of the Regional Center Program. In FY2014, 97% of all EB-5 visas were issued based on investments in regional centers. Unlike the standard EB-5 visa category, which does not expire, the Regional Center Program is set to expire on September 30, 2016.
Different policy issues surrounding the EB-5 visa have been debated. Proponents of the EB-5 visa contend that providing visas to foreign investors benefits the U.S. economy, in light of the potential economic growth and job creation it can create. Others argue that the EB-5 visa allows wealthy individuals to buy their way into the United States.
In addition, some EB-5 stakeholders have voiced concerns over the delays in processing EB-5 applications and possible effects on investors and time sensitive projects. Furthermore, some have questioned whether U.S. Citizen and Immigration Services (USCIS) has the expertise to administer the EB-5 program, given its embedded business components. The Department of Homeland Security’s Office of the Inspector General (DHS OIG) has recommended that USCIS work with other federal agencies that do have such expertise, while USCIS has reported that it has taken steps internally to address this issue. USCIS has also struggled to measure the efficacy of the EB-5 category (e.g., its economic impact). USCIS methodology for reporting investments and jobs created has been called into question by both the DHS OIG and the U.S. Government Accountability Office (GAO).
Furthermore, some have highlighted possible fraud and threats to national security that the visa category presents. In comparison to other immigrant visas, the EB-5 visa faces additional risks of fraud that stem from its investment components. Such risks are associated with the difficulty in verifying that investors’ funds are obtained lawfully and the visa’s potential for large monetary gains, which could motivate individuals to take advantage of investors and can make the visa susceptible to the appearance of favoritism. USCIS has reported improvements in its fraud detection but also feels certain statutory limitations have restricted what it can do. Additionally, GAO believes that improved data collection by USCIS could assist in detecting fraud and keeping visa holders and regional centers accountable.
Lastly, the authority of states to designate TEAs has raised concerns. Some have pointed to the inconsistency in TEA designation practices across states and how it could allow for possible gerrymandering (i.e., all development occurs in an area that by itself would not be considered a TEA). Others contend that the current regulations allow states to determine what area fits their economic needs and allow for the accommodation of commuting patterns.
In addition to the issues discussed above, Congress may consider whether the Regional Center Program should be allowed to expire, be reauthorized, or made permanent, given its expiration on September 30, 2016. In addition, Congress may consider whether any modifications should be made to the EB-5 visa category or the Regional Center Program. Legislation has been introduced in the 114th Congress that would, among other provisions, amend the program to try to address concerns about fraud, and change the manner in which TEAs are determined. Other bills would create an EB-5-like visa category for foreign national entrepreneurs who do not have their own capital but have received capital from qualified sources, such as venture capitalists. Read more here.
Obama’s Climate Change Treaty or Accord, Skirts Senate
Obama’s Violating the Constitution by Not Submitting Climate Treaty to Senate
DailySignal/Senator Mike Lee and Congressman Mike Kelly:
Today at United Nations Headquarters in New York City, Secretary of State John Kerry and representatives of over 130 nations will sign the Framework Convention on Climate Change agreement that was negotiated in Paris last December.
According to President Obama, this “historic agreement” will “hold every country accountable” if they fail to meet its carbon emission targets.
The White House has also acknowledged that the agreement contains “legally binding” provisions designed to create a “long-term framework” that will force the United States and signatory countries to reduce carbon emissions for decades to come.
Despite these facts, President Obama has already announced he will not submit the Paris Climate Agreement to the Senate for advice and consent. Instead, the White House claims the signature environmental achievement of the president’s tenure is just an “international agreement” not meriting Senate attention.
If the stakes weren’t so high, this claim would be laughable on its face.
Not only was this agreement’s predecessor, the United Nations Framework Convention on Climate Change, submitted to the Senate and approved as a treaty, but when the Senate ratified that treaty, the Foreign Relations Committee specifically reported that any future emissions targets agreed to through the Convention “would have to be submitted to the Senate for its advice and consent.”
President Obama has chosen to ignore this directive.
He has also chosen to ignore the State Department’s eight-factor test that is used to determine “whether any international agreement should be brought into force as a treaty or as an international agreement other than a treaty.”
Those eight factors are:
1) The extent to which the agreement involves commitments or risks affecting the nation as a whole (the agreement’s carbon reductions will inflict costs on every American who consumes energy)
2) Whether the agreement is intended to affect state laws (the agreement will force states to meet emission targets)
3) Whether the agreement can be given effect without the enactment of subsequent legislation by the Congress (Congress will have to appropriate money for the agreement’s Green Climate Fund)
4) Past U.S. practice as to similar agreements (the agreement’s predecessor was submitted as a treaty)
5) The preference of the Congress as to a particular type of agreement (Congress wants to vote on this agreement)
6) The degree of formality desired for an agreement (the agreement is a highly detailed 31-page document)
7) The proposed duration of the agreement, the need for prompt conclusion of an agreement, and the desirability of concluding a routine or short-term agreement (the agreement sets emissions targets decades in advance)
8) The general international practice as to similar agreements (there are many, but the 1985 Vienna Convention for the Protection of the Ozone Layer is just one example)
The only reason President Obama is not sending the Paris Climate Agreement to the Senate as a treaty is that he knows the Senate would handily reject it.
This is an unacceptable breach of Article II Section 2 of the Constitution, and Congress must do something about it.
That is why we have introduced a concurrent resolution in the House and Senate expressing the sense of Congress that the Paris Climate Agreement must be submitted to the Senate as a treaty for its advice and consent.
If President Obama fails to do so, then Congress must prevent its implementation by forbidding any payments to the agreement’s “Green Climate Fund,” an international slush fund included in the Paris agreement to induce developing nations to sign the agreement.
If Congress fails to specifically prohibit taxpayer money from being spent implementing the Paris Climate Agreement, then they will be complicit in President Obama’s subversion of the Constitution.
*****
More reading on the facts of the Accord, or whatever it is called that will not receive a Senate vote:
FAS: On April 22, 2016, as many as 155 countries intend to sign the new international Paris Agreement to address greenhouse-gas-induced climate change. No international agreement to date has attracted as many signatures on the opening day of the year-long signature period. Eight nations—all perceiving themselves as particularly vulnerable to the impacts of climate change—plan to deposit their instruments of ratification as well.
Delegations of 195 nations adopted the Paris Agreement on December 12, 2015. It creates a structure for nations to pledge every five years to abate their greenhouse gas (GHG) emissions, to adapt to climate change, and to cooperate to these ends, including financial and other support. A single framework to promote transparency and track progress of Parties’ efforts applies, for the first time, to all Parties—whether rich or poor. The Parties also adopted a Decision to
give effect to the Paris Agreement. Both the Decision and the Agreement (hereinafter capitalized) are intended to be legally binding on Parties to the United Nations Framework Convention on Climate Change (UNFCCC) and the new Agreement, respectively, though not all provisions within them are mandatory. Both are subsidiary to the UNFCCC, which the United States ratified with the advice and consent of the Senate (Treaty Document 102-38, October 7, 1992).
The UNFCCC entered into force in 1994.
Whether the new Paris Agreement or Decision would require Senate advice and consent depends on the content of the agreements. If either were to contain new legal obligations on the United States, it would favor requiring Senate consent to ratification. However, the United States and other Parties to the UNFCCC accepted many legally binding obligations when they ratified the Convention, including control of greenhouse gas (GHG) emissions, preparation to adapt to climate change, international cooperation and support, and regular reporting of emissions and actions with international review. Some have argued that the Paris Agreement does not require more of the United States than it is already obligated to do under the UNFCCC, while others have argued that it does.
Purpose and Post-2050 Balance of Emissions and Removals
The agreement states that it aims to hold the increase in the global average temperature to well below 2 °C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 °C above pre-industrial levels, recognizing that this would significantly reduce the risks and impacts of climate change.
This purpose is stated as enhancing the implementation of the UNFCCC, including its objective to stabilize GHG concentrations in the atmosphere at a level to avoid dangerous anthropogenic interference in the climate system. In order to achieve this “long-term temperature goal,” Parties aim to make their GHG emissions peak as soon as possible and then to reduce them rapidly “so as to achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases in the second half of this century.” In other words, the Agreement envisions achieving net zero anthropogenic emissions. While this is arguably synonymous with the UNFCCC’s objective of stabilizing GHG atmospheric concentrations, the Agreement puts a timeframe on the objective for the first time. However, as a collective objective, the Agreement provides no means to hold an individual Party accountable if the objective were not met.
Mitigation and Adaptation
The Agreement and Decision establish a single framework under which all Parties would:
communicate every five years and undertake “ambitious” Nationally Determined Contributions (NDCs) to mitigating GHG emissions, participate in a single “transparency framework” that includes communicating their GHG inventories and implementation of their obligations, including financial support provided or received, not less than biennially (with exceptions to a few, least developed states), and be subject to international review of their implementation.
All Parties will eventually be subject to common procedures and guidelines. However, while developed country Parties (not defined) must provide NDCs stated as economy-wide, absolute GHG reduction targets, developing country Parties are exhorted to enhance their NDCs and move toward similar targets over time, in light of their national circumstances.
Further, flexibility in the transparency framework is allowed to developing countries, depending on their capacities, regarding the scope, frequency, and detail of their reporting. The administrative Secretariat of the Convention will record the NDCs and other key reports in a public registry.
The Agreement also requires “as appropriate” that Parties prepare and communicate their plans to adapt to climate change. Adaptation communications, too, will be recorded in a public registry.
A committee will, in a facilitative and non-punitive manner, address compliance issues under the Paris Agreement. The Paris Agreement contains provisions for voluntary withdrawal of Parties.
The Agreement permits Parties voluntarily to participate in cooperative approaches (implicitly, emissions markets) that “involve the use of internationally transferred mitigation outcomes.”
Finance
The Agreement reiterates the obligation in the UNFCCC to provide financial support to developing country Parties to implement their mitigation efforts, calling for it to be continuous and enhanced. It uses exhortatory language to restate the collective pledge in the 2009 Copenhagen Accord, of $100 billion annually by 2020, and calls for a “progression beyond previous efforts.” For the first time under the UNFCCC, the Agreement encourages all Parties to provide financial support. In addition, in the Decision, the Parties agreed to set, prior to their 2025 meeting, a new, collective, quantified goal for mobilizing financial resources of not less than $100 billion annually to assist developing country Parties. The Decision strongly urges developed country Parties to scale up their current financial support—in particular to significantly increase their support for adaptation. The Agreement recognizes that “enhanced support” will allow for “higher ambition” in the actions of developing country Parties.
Five-Year Assessments
In 2023 and every five years thereafter, the Parties are to perform a “global stocktake” to review implementation of the Paris Agreement and progress toward the purpose of the Agreement and the long-term net zero anthropogenic emissions goal.