LETTER: Obama dismantling free-market system Nov 19, 2009
even steven wrote on Nov 12, 2009 11:05 AM:" The Democrat's war on capitalism is just getting started. Hidden in the insane and Unconstitutional Pelosi government health care takeover bill is a 69% increase of the capital gains tax and a stealth provision to undermine state's abilities to limit attorney's fees or impose caps on damages. Coupled with the expiration of the Bush tax cuts, increased size of and spending by government, reduced purchasing power of the dollar, higher food prices,... (Mattoon Journal-Gazette, IL)
Chinas ascent traced back to Clinton-era trade deal Nov 19, 2009
China s ascent traced back to Clinton-era trade deal. 4:16 pm November 18, 2009, by Jay. (Atlanta Journal-Constitution -- Opinion)
California Faces $20B Deficits For Years To Come Nov 19, 2009
Tax cuts and borrowing appear to be in disfavor after taxes were raised earlier this year and tens of billions of dollars were added to the state's credit card during Schwarzenegger's tenure. Since February, California has made nearly $60 billion in adjustments over two fiscal years. (KSBW 8, CA)
Small Business, Key to Recovery, Is Still Hurting Nov 19, 2009
He'd like to see the government suspend the FICA (or social security) withholding tax and extend the Bush tax cuts that are slated to sunset within the next two years. Brennan admits this is the worst he's seen the business environment, but remains optimistic the sector will rebound with or without a stimulus package. (Time.com)
State budget gap projected to top $20B Nov 19, 2009
The forecast increases the urgency of true prison reform, she added, and makes it clear California cannot subsidize the state s largest and most profitable corporations through the tax cuts enacted in September 2008 and February 2009. In September the San Jose Redevelopment Agency said the state's grab of $88 million from the RDA budget made it necessary to put many projects on hold, cut staff and eliminate a position. (San Jose Business Journal, CA)
Obama: America's standing restored Nov 19, 2009
He said he is willing to consider targeted tax cuts to help bring down rising unemployment. The president told CNN that he's confidence efforts to overhaul will succeed despite missed deadlines along the way. (CNN)
Housing starts drop 10.6 percent in October Nov 19, 2009
But he added that if the nation keeps adding to deficit spending through tax cuts or more stimulus spending, people could lose confidence in the U.S. economy, and that could "lead to a double-dip recession.". Also in msnbc. (MSNBC -- Business)
Merkel's Coalition Backs $30 Billion in Tax Cuts From 2011, Debt Reduction Nov 18, 2009
Merkels Coalition Backs Tax Cuts, Deficit Reduction From 2011 - Bloomberg ... Merkels Coalition Backs Tax Cuts, Deficit Reduction From 2011 ... Nov. 18 (Bloomberg) -- Chancellor coalition backed tax cuts of about 20 billion euros ($30 billion) from 2011, while also taking steps to reduce Germanys ballooning. (Bloomberg -- Germany)
The Going Rogue Index Nov 18, 2009
tax cuts, benefits of, 46. terrorists________Obama palling around with, 306________________regret over inability to talk more about, 307. (Slate)
McGuinty Government Tables HST Legi... Nov 18, 2009
Bill Includes Corporate Tax Cuts ... The bill includes corporate tax cuts to offset implementation costs ... HST Legislation Includes Corporate Tax Cuts, Thousand Dollar Taxpayer Grants. (Suite101.com)
Democrats Promise Jobs Bill Nov 18, 2009
On Thursday, the House is scheduled to again approve pay-as-you-go legislation requiring Congress to offset new tax cuts or spending initiatives with spending cuts or new revenues elsewhere. 1. (ABC News -- Wire)
Isakson says small businesses are crucial Nov 17, 2009
"The best way to get out of debt is to raise your income. The best way to do that is raise business activity. More business produces more revenue. We need to extend the tax cuts of '01 and '03, and we ought to make them permanent," he said. Earlier this year, Mr. Isakson said, he helped foster the Financial Markets Crisis Commission, a 10-member committee to examine the country's financial situation. (The Augusta Chronicle)
Families Will Suffer Under Cap-and-Trade Nov 17, 2009
Elmendorf also acknowledges that the economy will take a hit, stating that the House bill "would reduce GDP below what it would otherwise have been-by roughly .25 to .75 percent in 2020 and by between 1 and 3.5 percent in 2050." He dismisses that finding by asserting that the economy is predicted to grow "so those changes will be comparatively modest." But given the other tax burdens soon to be placed on the American public (a trillion dollar health care plan and the expiration of the Bush tax... (Townhall.com)
Stimulus Momentum Builds Nov 17, 2009
Republicans have continued to push a package of several hundred billion in tax cuts that they first proposed early this year, with Conference Chairman Mike Pence (Ind. repeatedly urging Democrats to take up their plan. (Roll Call)
FACT CHECK: Palin's book goes rogue on some facts Nov 17, 2009
THE FACTS: Palin is blurring the lines between Obama's stimulus plan a $787 billion package of tax cuts, state aid, social programs and government contracts and the federal bailout that Republican presidential candidate John McCain voted for and President George W. Bush signed. Palin's views on bailouts appeared to evolve as McCain's vice presidential running mate. (San Francisco Chronicle -- Sports)
1 in 7 Americans Went Hungry in 2008 Nov 17, 2009
Those of you who are still waiting for the trickle in the Bush/GOP trickle down tax cuts to reach you, keep waiting. The rest of us know urine when we smell it. (CBS News)
Pushing Health Reform When Job Losses Are Rising Nov 17, 2009
The prospect of higher taxes on high earners after the Bush tax cuts expire in 2010 is one. The surtax on high earners in the health care bill the House passed is another. (Human Events Online)
Matt Reed: Crist flips position as race heats up Nov 17, 2009
And there's no local accounting for the tax cuts in the stimulus bill -- one-third of its cost. But the jury somehow leaked its verdict to the conservative wing of the Republican Party, energized voters who dominate primary races. (Florida Today)
FM allays fears of stimulus withdrawal Nov 17, 2009
India had announced three stimulus packages between December 2008 and February 2009 that included tax cuts and borrowings-financed additional government expenditure to create local demand to counter the global slowdown and recession in advanced economies. It had reduced the cenvat rate or the tax on factory output from 16% to 8% in stages beginning budget 2008-09 to stimulate demand. (India Times)
Can the stock market rally last? Nov 17, 2009
The government has plunged big money into the marketplace, through tax cuts. construction projects and other measures. (The Star Online, Malaysia -- Business)
Forbidden love Nov 16, 2009
Turnbull has said that he has trouble with the logic of his 'rebels' (read cretins) when what the goose Rudd presents is the same thing Howard took to the last election (just like the tax cuts), why rebel against that. It is the same thing Howard offered - so all you rusted on labour drones out there with all your morality on these things ask youself this. (Sydney Morning Herald -- Opinion)
Conservative Votes, Right-Wing Victims . . . Nov 16, 2009
Instead, there were two tax cuts and a couple of expensive wars that right-wingers strongly supported. Concerning Medicare Part D, John McCain it while such moderates as James Inofe, Richard Shelby and Rick Santorum voted in favor. (The American Conservative)
Pagliuca’s campaign stance on lobbyists contrasts with Bain Capital’s record Nov 16, 2009
He says he wants to raise the rate on all capital gains earnings to 20 percent - the level they were at before tax cuts enacted under the Bush administration. But he does not embrace the push by Democrats and the Obama administration to change the tax treatment on private equity funds earnings to ordinary income. (Boston Globe)
Lack of Educated Construction Workers Hinders Brazil Builders Even, Cyrela Nov 16, 2009
Homebuilders have been leading job growth thanks to , tax cuts on construction materials and a 34 billion reais government stimulus plan to build a million homes for low-income families. The lack of skilled workers could become a factor limiting economic growth, said , chief economist for Brazil at ING Bank in Sao Paulo. (Bloomberg -- Latin America)
Click to read:In China, Obama Meets America's Lender Nov 16, 2009
If it's a lot, then Obama isn't going to do anything but allow the Bush Tax Cuts to simply expire. But, if the Chinese investors are nearly tapped out, then your probably going to see some tax increases, and spending cuts. (CBS News)
McGinty: New round of economic stimulation is needed Nov 15, 2009
One portion was devoted to a surge in direct federal spending, while another was devoted to tax cuts for individuals and families ... Likewise, the tax cuts were inserted directly into paychecks, which immediately raised take-home pay, but did so in an incremental fashion that had minimal effect on individual purchasing power ... Earlier this year, Taiwan issued consumer vouchers rather than simply passing tax cuts. (Athens Banner-Herald)
Insider: Things don't really change at Legislature Nov 15, 2009
Napolitano wanted to expand programs during the state's revenue surge; GOP lawmakers wanted tax cuts ... Now we have a Republican governor who wants to protect programs by temporarily increasing taxes and a GOP Legislature that insists on tax cuts. (AZCentral -- News)
Bank economist calls for German wage restraint Nov 15, 2009
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Obama to Push Arms Control With Moscow Nov 15, 2009
They benefited from the Bush tax cuts for the wealthy and favorable (little regulation) terms so we could all be raped by Wall Street in the financial meltdown. Under Bush the super wealthy got much much wealthier at the expense of our nations financial health. (CBS News)
U.S. to Join Asian Free-Trade Area Nov 15, 2009
Hu on Friday cited China's efforts to fire up demand at home through improved social services, tax cuts and other consumption-friendly policies, to make the world's third-largest economy less reliant on exports. He also called for better policing of world financial markets to prevent the kind of meltdown triggered by speculation in toxic assets and perilously high levels of debt. (Newsmax)
ALL BUSINESS: Can the Stock Market Rally Last? Nov 14, 2009
The government has plunged big money into the marketplace, through tax cuts, construction projects and other measures. At the same time, low interest rates have invigorated stocks by reducing borrowing costs and bolstering corporate profits. (ABC News -- Wire)
Obama Eyes Budget Freezes to Fight Deficit Nov 14, 2009
Obama should have rescinded the bush tax cuts the day after being sworn in. You can't pay bills without money. (CBS News -- Politics)
Hill Democrats Critical Of Bush's Budget Plan Nov 14, 2009
When you combine the cutbacks with the large sums the White House is seeking to support the military, the war and tax cuts, "this is not a budget we can support," House Budget Committee Chairman Jr. (D-S.C.) told reporters after his panel finished grilling White House budget director Rob Portman. In the House Ways and Means Committee, Chairman (D-N.Y.) told Treasury Secretary Henry M. Paulson that he was particularly annoyed by the health-care cuts and yet another request from the White House to... (Yahoo News -- U.S. Budget)
Bar association urges commissioners to adjust funding for courts Nov 14, 2009
Commissioners have said tax cuts and a dismal economy have drained the county s revenues, and there simply isn t any more money to give the courts. The county faces a 2 million budget shortfall next year, Commissioner Kathleen Johnson said Thursday. (Longview Daily News, WA)
Japan's 'lost decade' provides lesson for America Nov 14, 2009
While Japan approved temporary tax cuts, the primary emphasis was on increased infrastructure spending. The small seaside city of Hamada, for example, gained its own bridge to nowhere, along with a new highway, university, prison and art museum, among other government-funded projects. (Athens Banner-Herald)
Click to read:NASA: Spacecraft Confirms Water on Moon Nov 14, 2009
hint - A country that goes around destroying other countries for profits, is controlled by the wealthy and oil companies, the politicians are nothing but a bunch of bribe taking liars, and the country is in a depression due to tax cuts for the wealthy and no regulation of big business. by Disinfectant November 13, 2009 5:39 PM EST. (CBS News)
LETTER: Obama dismantling free-market system Nov 13, 2009
even steven wrote on Nov 12, 2009 11:05 AM:" The Democrat's war on capitalism is just getting started. Hidden in the insane and Unconstitutional Pelosi government health care takeover bill is a 69% increase of the capital gains tax and a stealth provision to undermine state's abilities to limit attorney's fees or impose caps on damages. Coupled with the expiration of the Bush tax cuts, increased size of and spending by government, reduced purchasing power of the dollar, higher food prices,... (Mattoon Journal-Gazette, IL)
A challenge: How would you pay for troops? Nov 13, 2009
Even accounting for inflation, the Reagan tax cuts brought in much more revenue than the previous higher tax rates. The Congress just spent that much more. (Atlanta Journal-Constitution -- Opinion)
China reports 28.4% rise in fiscal revenue for Oct. Nov 13, 2009
The government rolled out measures this year to spur car consumption by tax cuts and subsidies meant to help nurture the country's auto industry and encourage purchases of more fuel-efficient vehicles. But amid weak global demand, exports dropped 13. (Xinhuanet, China)
Is masturbation an OK topic for high school lit class? Nov 12, 2009
MJG, if you read the article you posted, it says the increase in people not paying in taxes is due largely to tax cuts and credits benefiting middle class families they have decent income, but the credits, such as for college, child care, first-time home buyers, and clean cars, and other cuts have gone so far that they owe no taxes or even get extra cash back ... I m all for simplifying the tax code, though, and certainly do understand the point that the Brookings and Urban Institutes are making... (Atlanta Journal-Constitution -- Living)
Stimulus funds slow to arrive in Mass. Nov 12, 2009
6 billion in stimulus awards, not counting tax cuts or unemployment compensation, Medicaid and other social service benefits to individuals funded by the federal stimulus legislation. Yesterday, the Globe reported that the job numbers reported by some Massachusetts recipients of stimulus funds are inflated, making it difficult to pinpoint how effective the federal legislation has been. (Boston Globe)
Geithner encouraged by moves in Japan, China Nov 12, 2009
In China, the third-largest economy, massive stimulus, tax cuts and expanded social welfare policies have spurred buying of cars and other consumer items, with the government reporting Wednesday a 16 per cent surge in retail sales last month. Such efforts are "an important complement to what we're doing in the United States, as Americans save more," Geithner told reporters after meeting with Hatoyama on Wednesday and Finance Minister Hirohisa Fujii on Tuesday evening. (Sydney Morning Herald -- Business)
Poll: Public Unhappy, but Sticks by Obama Nov 12, 2009
Lets throw the Bush tax cuts and the Iraq war. 2 very unnecessary expensive items. (CBS News -- Politics)
Public option would bankrupt our country Nov 12, 2009
When the Republicans finally offered a proposal of their own, it boiled down to a very clear, "Don't get sick." " oldie wrote on Nov 9, 2009 9:10 AM:" Oh, I see Ed, you have no objection to tax cuts for the rich, or corporate welfare, or any old war you take a fancy to at the moment. We always have plenty of money for that, don't we. (Montana Standard, MT)
Is The U.S. Becoming a Third World ... Nov 11, 2009
President Obama also cites the need for higher taxes on the wealthy to pay for health care overhaul and other measures, arguing that the wealthy have disproportionately benefited from tax cuts during the Bush administration. Remember back in 2006 when Rep. (Suite101.com)
* GM says China auto sales more than doubled last month Nov 10, 2009
General Motors Corp (GM) said yesterday its China sales last month more than doubled from a year earlier amid tax cuts and incentives to help boost the industry ... Beijing has helped to boost auto sales with tax cuts and -subsidies for drivers to shift to cleaner, more fuel-efficient cars. (Taipei Times, Taiwan -- World)
Any thoughts on cutting state sp[ending? Nov 10, 2009
Tax cuts are great stimulus makers for small business. All the budget shortfalls will fix themselves if you get less money to fund them. (Columbus Telegram, NE)
Readers Write 10/8 Nov 10, 2009
Republicans bold and principled ideas, such as tax cuts for the rich and deregulation of financial markets, are thoroughly discredited. Republicans advocacies for limited government, fiscal prudence and balanced budgets are belied by their actions. (Atlanta Journal-Constitution -- Opinion)
China: Car sales swell 72% on tax cuts Nov 10, 2009
Powered by tax cuts and stimulus spending, China's car sales last month soared 72 percent from a year earlier, outpacing US sales for another month, the China Association of Auto Manufacturers reported yesterday. Vehicle makers sold a total of 1. (Business Report, South Africa)
Read the 'Cost of Freedom' recap Nov 10, 2009
Gary B. Smith: I don't see a lot of tax cuts in this bill. I only see the marginal tax rate going to 45 percent for those businesses and individuals who make over $1 million a year. (Fox News)
Cameron setting out welfare plans Nov 10, 2009
"This is a return to Thatcherism, or even 19th century liberalism - cutting back on government action on poverty, yet still backing tax cuts for the wealthiest estates.". Bookmark with. (BBC News -- UK)
Markey presses for Cape Wind approval Nov 10, 2009
He was explaining why he voted for an earlier version of an Iraq war appropriation because it would have repealed many of President George W. Bush s tax cuts, before opposing the spending because he would not have gone to war without more international support. But Republicans used the clip to portray him as wishy-washy. (Boston Globe)
Click to read:Obama's Afghan Plan: About 40K More Troops Nov 10, 2009
The best we can hope for according to them, is more tax cuts for the rich, more deregulation and more corporate welfare and we all get tinkled down on again ... The best we can hope for according to them, is more tax cuts for the rich, more deregulation and more corporate welfare and we all get tinkled down on again. (CBS News)
Don't politick me Nov 10, 2009
But then again, I write columns against war, I am against large corporations and all of the corruption affiliated with them and I oppose tax cuts for the wealthy. Others think I am a Democrat, or at least liberal, because I advocate sustainability, I work in inner city schools advocating underprivileged children and I am a big fan of Ralph Nader. (University News, MO)
The Underlying Meaning of Elections 2009 Nov 9, 2009
Obama promised middle-class tax cuts and a new, more open governing process; what he delivered was unprecedented behind-doors maneuvering and off-the-charts spending. Voters got White House corruption that rivals the worst of the past and political appointees who cant pass high-level security clearance, much less the smell test for authentic American values. (Townhall.com)
China October Passenger-Car Sales Rise 76% on Stimulus, Economic Rebound Nov 9, 2009
China may extend vehicle tax cuts, Caijing Magazine reported on Oct. 28, without citing anyone. The government is unlikely to stop the stimulus plan next year, CSMs Zhang said. (Bloomberg -- Asia)
Interest groups respond to House vote Nov 9, 2009
"Despite the shortcomings in the House legislation, we remain completely committed to helping the President and Congress pass comprehensive health care reform this year. We continue to be guided by a single-minded purpose: everyone in America -- not just some of us, but all of us -- should have access to high-quality, affordable health care coverage and services. Done in a smart way, health care reform will benefit patients, the economy and the future of our nation.American Medical Association... (TheHill.com)
A quick note about GDP Nov 9, 2009
About one-third of the $787 billion total went to tax cuts, much of which has only helped offset lost wages. Much of the rest is essentially going to fill a giant, $360 billion hole in state budgets this year and next. (MSNBC -- Business)
Why Some Countries Are Stopping Their Stimulus Nov 9, 2009
"My economic team," he said last week, "is looking at ideas such as additional investments in our aging roads and bridges, incentives to encourage families and businesses to make buildings more energy efficient, additional tax cuts for businesses to create jobs, additional steps to increase the flow of credit to small businesses, and an aggressive agenda to promote exports and help American manufacturers sell their products around the world.". The potential increases in U.S. stimulus spending... (Time.com)
Pawlenty slams Obama from Iowa... Nov 9, 2009
He proposed making some of the Bush-era tax cuts permanent and cutting the payroll tax and rates on small business and research and development to help bolster the economy ... Hey, Pawlenty and the rest of the GOP what is your plan to get American people back to work other then your tax cuts ... He proposed making some of the Bush-era tax cuts permanent and cutting the payroll tax and rates on small business and research and development to help bolster the economy. (The Drudge Report)
Factory towns slow to see stimulus Nov 8, 2009
For all the items contained in the stimulus, from tax cuts to road work to new schools, nothing could quickly replace what factory towns like Lamar had lost. That's why the White House says it's unfair to judge the stimulus by the unemployment rate because no amount of stimulus was going to keep Lamar's unemployment rate from approaching 12 percent. (Daytona Beach News Journal -- Business)
Consumer borrowing plunges in September Nov 8, 2009
The White House said the law, which also includes tax cuts for struggling businesses, builds on provisions in the $787 billion stimulus package enacted last February to avert an economic meltdown. Another profitable quarter for AIG. (Honolulu Advertiser)
Obama Signs Bill Assisting Homebuyers, Jobless Nov 8, 2009
The White House said the law, which also includes tax cuts for struggling businesses, builds on provisions in the $787 billion stimulus package enacted last February to avert an economic meltdown. "The need for such a measure was made clear by the jobs report that we received this morning," Obama said, citing Friday's government report the jobless rate hit 10. (ABC News -- Wire)
Forum: Seeing change Wall Street can believe in Nov 8, 2009
Wall Street rewarded CEOs who cut employee wages and benefits and offshored manufacturing, services, and research and development; feasted on Bush's tax cuts; turned mortgages into loan sharking; and vacuumed up home equity, college funds, retirement funds and other private and public investments into their rigged casino. Goldman Sachs, for example, "peddled billions of dollars in shaky securities tied to subprime mortgages on unsuspecting pension funds, insurance companies and other investors... (Athens Banner-Herald)
Analysis: 10 Percent Jobless Is Obama's New World Nov 8, 2009
Additional tax cuts for businesses and steps to increase credit for small businesses were also on the bill. The new unemployment rate also came on the same day Obama signed a $20 billion bill to extend jobless benefits and spur homebuying. (CBS News)
