Redefining America Nov 5, 2009
While our corporation sinks deeper in debt and forgives the debts of those who gained the most by participating in this corporation, i.e., tax cuts for the wealthy, we are leaving the blue-collar employees (middle class) to repay the debts of our failing corporation. Isn't it nice. (Fresno Bee -- Opinion)
LETTER: 'Bite the bullet or die from the wounds' Nov 5, 2009
Sure sounds like we need another one of those Ronald Reagan/Bush jr style tax cuts for the millionaires of this country. The trickle down theory turned into a trickle on reality. (Mattoon Journal-Gazette, IL)
Now comes the hard part Nov 5, 2009
The governor-elect's list included tax cuts, restored rebates and increased spending on popular programs, as if there were no such things as an ongoing recession, falling revenues, a looming budget deficit of up to $8 billion, a transportation trust fund about to run out of money, well over $100 billion in debt and unfunded obligations to public employees, and the nation's highest per-capita property taxes. Mr. Christie's plan for addressing all these issues has been no more specific than his... (NJ.com -- Times)
Paying For Washington's Mistakes Nov 5, 2009
6%, the rate that will be reinstated after the Bush tax cuts expire, to 74. 1. (Investors Business Daily)
News analysis: Tax activists lose, but roll on Nov 5, 2009
But he clearly overreached with Initiative 1033, which would have slapped growth caps on state, county and city checking accounts while doling out property tax cuts and putting any tax hikes on the ballot. As anti-Eyman activist Andrew Villeneuve happily pointed out on Election Night, I-1033 was Eyman's first loss on an anti-tax initiative, his first defeat in an off-year election, and the first time he's lost at the ballot two years in a row. (Longview Daily News, WA)
White House Pledges to Cut Deficit Nov 4, 2009
In a speech casting most of the blame for deficits over the next decade - unless action is taken - on tax cuts and a Medicare drug benefit enacted during Bush's tenure, budget director Peter Orszag said the country faces a "serious" and "unsustainable" deficit problem ... Obama has endorsed most of Bush's tax cuts except for those only benefitting people making more than $250,000 a year. (CBS News)
Lula Says Brazil Assessing `Permanent Solution' for Tax Cuts on Appliances Nov 4, 2009
Lula Says Brazil Assessing Permanent Solution for Tax Cuts - Bloomberg ... Lula Says Brazil Assessing Permanent Solution for Tax Cuts ... Nov. 3 (Bloomberg) -- Brazilian President said the Finance Ministry and the countrys consumer products manufacturers are discussing a permanent solution regarding tax cuts on home appliances. (Bloomberg -- Latin America)
Mich. looks at worst-case 20 percent budget cuts Nov 4, 2009
In a speech casting most of the blame for deficits averaging almost $1 trillion a year over the next decade - unless action is taken - on tax cuts and a Medicare drug benefit enacted during Bush's tenure, budget director Peter Orszag said the country faces a "serious" and "unsustainable" deficit problem. NYC mayor, Dem have final debate. (Fresno Bee -- Nation)
Click to read:Republicans Sweep N.J., Va. Gov. Races Nov 4, 2009
Bush's tax cuts for the rich cost us double what health care reform will cost. And, without the policies of Bush that moved huge amounts of America's wealth from the middle class to the rich, we probably wouldn't have needed a stimulus that cost almost as much as what the Iraq War will cost us. (CBS News)
Don't Sneer at GOP Victories Nov 4, 2009
These shaky majorities dont excuse W.s mistakes but they do make his successes all the more remarkable: in a situation where the defection of a single Senator or just four House members would tilt either chamber to the Democrats, Bush still managed to push through major tax cuts (slashing rates across the board) and his signature No Child Left Behind education bill (for better and worse) ... Earlier, he succeeded in passing two rounds of major tax cuts, appointing and confirming two... (Townhall.com)
Pinckney beats out pair to win county Legislature District 5 Nov 4, 2009
He campaigned with a message of relieving taxpayers by imposing county tax cuts. He said he is concerned that small businesses are having to make cuts that force them to lay off workers. (Auburn Citizen, NY)
Healthcare Reform Nov 4, 2009
The GOP bill does not include something other Republican proposals had featured, and that you'd normally expect from the party: Tax cuts ... Tax cuts woudl drive up the cost of the bill pretty fast, thus diminishing the effectiveness of a key Republican talking point. (Salon)
Revenue cap initiative losing soundly Nov 4, 2009
Gondolapete wrote on Nov 3, 2009 10:03 PM:" amazing that people want to pay higher taxes...the liberals have people duped into believing that with tax cuts comes doom...no one ever considers asking the govt to live within its means...you get what you deserve..I hope the state taxes us at 75% ". LBW wrote on Nov 3, 2009 10:10 PM:" Yeah! Raise those taxes,gotta save them Government jobs and the hell with the private sector! ". (Longview Daily News, WA)
GM's Snub on Opel Brings Merkel Back to Ground After Congress Speech High Nov 4, 2009
The blow comes amid growing doubts over Merkels ability to stick to her pledge to provide 24 billion euros in tax cuts, as outlined in the coalition agreement signed Oct. 24 with the Free Democratic Party. State prime ministers, industry leaders and Luxembourgs Prime Minister have criticized the step, arguing that she should focus on reducing government debt thats forecast to soar to a record in 2010. (Bloomberg -- Germany)
China's economic growth to exceed 10% in Q4 Nov 3, 2009
Automobile sales in the world's third-biggest economy broke 5 million mark in the first nine months due to tax cuts and stimulus measures, indicating China's domestic demand was expanding fast. Though China's economic growth accelerated to 8. (Xinhuanet, China)
As jobs vanish, factory towns slow to see stimulus Nov 3, 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. (USA Today -- Money)
Blunt-talking Biden plays a key role Nov 3, 2009
had this habit of dropping flattery as well as a reporter's name into the answers for familiarity in his gosh-darn-it manner: "Look Ed, I'm literally not just blowing smoke, but you know as much about the Bush tax cuts as I do. ...". Video: Biden on his relationship with Obama. (CNN)
Stimulus jobs are ... where? Nov 3, 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 lost during a recession that shed hundreds of thousands of manufacturing jobs. 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. (Columbia Daily Herald, TN)
Hatoyama's Challenge in Japan Nov 3, 2009
Programs would include a child allowance of $3,000 per year per child, free medical care for children, free education through high school at public schools and a number of tax cuts. By delaying or reducing these programs to hold down the deficit, and by repeatedly setting budget and spending targets that he is unable to keep, Hatoyama runs the risk of making it look as if he is being dragged along by events rather than taking charge of a difficult situation. (Time.com)
W.H. advisers mum on administration's mistakes Nov 3, 2009
BY Greg Abu Pizda on 11/02/2009 at 21:49Hey Repubs, the bailout of banks was Bush, the financial crisis was caused by Bush (not poor people), The Iraq war which costs $250 billion per year and counting was start unnecessarily by Bush, the cost of the tax cuts was $1. 4 Trillion which of course did nothing, the cost of the unfunded Medicare part D was $847 billion, also by Bush. (TheHill.com)
Getting a Fix on the Fed Nov 3, 2009
To those who are surprised by this statement, we note that: (1) the bulk of last February's package was in tax cuts, income support, and state and local aid, which took effect quickly, rather than in slow-starting investment projects; (2) the effect of stimulus on growth depends on the changes in spending it induces rather than on the level of spending itself. As the impact of stimulus fades, the onus will be on job creation to sustain growth. (BusinessWeek)
Obama warns of job losses Nov 2, 2009
Obama said steps taken by his administration to jump-start the economy, including the stimulus package of spending and tax cuts, had helped blunt the worst of this recession. . (India Times)
Stimulus cant save factory towns Nov 2, 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. Mike Gullett / APO'Sullivan Industries in Lamar, Mo. (MSNBC -- Business)
Scozzafava steps down from Congressional race Nov 2, 2009
While Doug Hoffman is solely committed to continuing tax cuts for the wealthy, which will add $500 billion to the deficit, protecting tax breaks for companies who ship jobs overseas and privatizing Social Security, I will fight to turn the page on that agenda. I will work to create jobs upstate, to get our economy back on track, because that is the type of leadership we need right now in Congress. (Oswego Palladium-Times, NY)
Hill Democrats Critical Of Bush's Budget Plan Nov 2, 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)
Dan Walters: Voters, expect more exercises in reality denial Nov 2, 2009
If anything, the state's budget situation will likely be even more precarious than it is now as the temporary tax cuts and spending deferrals currently holding the budget together expire. But even were he to opt for new taxes, as those on the left demand, it would require some Republican legislators' votes, and GOP lawmakers wouldn't give a Democratic governor any traction. (Fresno Bee -- Local)
Blaker a numbers guy candidate for council Nov 2, 2009
I would like to see tax cuts across the board. What is your relationship with City Manager Joe Duff. (Gaylord Herald Times, MI)
Rick Holmes: For Senate candidates, tough questions, few answers Nov 2, 2009
9 billion in tax cuts through the stimulus bill, along with $816 million in unemployment benefits and $375 million for retirees. Do you really want to raise those taxes back to where they were and take back those benefits. (Wakefield Daily Item, MA)
* PRC production picks up the pace Nov 2, 2009
Surging auto sales, driven by tax cuts and subsidies, are boosting manufacturing. China will sustain its economic rebound this quarter and growth is likely to top the governments 8 percent target for this year, the central bank said on Friday. (Taipei Times, Taiwan -- World)
Answer Desk: GDP growth overstates case Nov 2, 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)
Geithner: Economy rebounding; job growth lags Nov 2, 2009
The treasury chief added that with about half of the stimulus money left, along with tax cuts and investments ahead, "there's a lot of force still moving its way through the system now" and that will keep providing economic support. "It's working. It's delivering what it should result.". (MSNBC -- Politics)
AP: White House: 650,000 Jobs in New Stimulus Report Nov 1, 2009
White House economic adviser Jared Bernstein said the figures will show that, when adding in jobs linked to $288 billion in tax cuts, the stimulus plan has created or saved more than 1 million jobs. The data will be posted on recovery. (Missourian Publishing, MO)
US economy recovering: Obama Nov 1, 2009
Obama said steps taken by his administration to jump-start the economy, including the stimulus package of spending and tax cuts, had helped "blunt the worst of this recession." ... Republicans, who favor tax cuts, say the stimulus has failed to halt rising joblessness and they also questioned the White House's figures on jobs saved or created. (India Times)
Obama warns more will lose jobs amid recovery Nov 1, 2009
The 1 million jobs cited by Mr. Obama also includes those from direct economic assistance, plus those linked to the tax cuts under the stimulus program, the White House says. From the Sunday, November 01, 2009 edition of the Augusta Chronicle Reader Comments Note: Comments are not edited and don't represent the views of The Augusta Chronicle. (The Augusta Chronicle)
Dysfunctional California Maybe it is time to stop scapegoating legislators Nov 1, 2009
Instead, we want tax cuts and leaner state budgets ... The only people who are forced to reconcile the contradictory demand for tax cuts and needed services: the politicians ... 13's tax cuts apply to residential property, commercial property or both. (San Francisco Chronicle -- Opinion)
143 comments Nov 1, 2009
And once he convinced himself that Christianity was the culprit, he thought he d found a catch-all on which he could blame all the world s problems: If you believe Jesus ever had a good word for war, or torture, or tax cuts for the rich, or raping the earth, or refusing water for dying migrants, then you might as well believe bunnies lay painted eggs. When Republican Sarah Palin, who is both a conservative and a confessed Christian, was chosen to run as V.P. for the Republicans in 2008, Maher... (Human Events Online)
How much is too much? Nov 1, 2009
The wealthy bore the brunt of hefty tax cuts, albeit gracefully, but at least the rich could still afford a nifty health care plan. Representatives of a neoconservative Congress dismissed the fact that a growing dumber of Americans had no health care because of rising costs. (Braintree Forum, MA)
Whats wrong with this picture? Nov 1, 2009
Regulations were removed from lending institutions, credit card companies set their own rules, nifty tax cuts were legislated for Richie Rich, and the caissons were rolling along in Iraq. Life was picture perfect for Mr. Bush, Mr. Cheney, and Congress, dominated by the neo-cons who turned it into a little shop of legislative horrors, but a nasty recession was already underway when President Obama took office and the economic picture was grim. (Braintree Forum, MA)
White House a special stop for treats Nov 1, 2009
Separately, the White House said Obama s $787 billion stimulus plan - a mix of spending and tax cuts - had saved or created more than 1 million jobs. It is easy to forget that it was only several months ago that the economy was shrinking rapidly and many economists feared another Great Depression, the president said. (Boston Globe)
Democrats study ways to lower federal deficit Nov 1, 2009
Concerns about the deficit are building even as the White House and Congress continue to add to it with tax cuts and spending to stimulate a still-fragile economy. Yet those one-time costs do not trouble most economists and market analysts. (Boston Globe)
To a large extent, borrowing is the only way to finance capital works. Nov 1, 2009
In the Howard governments case, it spent on five tax cuts in a row, then promised another three. It gave lowering the tax burden on high earners a higher priority than providing adequate infrastructure. (Sydney Morning Herald -- Business)
Filibuster, shmilibuster Nov 1, 2009
"The only problem is that Congress would have to break up the bill and vote on every tax provision. It's very messy, but it's how the Republicans passed the Bush tax cuts.". One thing guaranteed about a filibuster is that the party on the receiving end will call it shameful politics -- until the pendulum swings and they're the ones doing it. (Pittsburgh Post-Gazette, PA)
640,000 jobs attributed to stimulus Nov 1, 2009
White House economic adviser Jared Bernstein said the figures show that, when adding in jobs tied to $288 billion in tax cuts, the stimulus has created or saved more than 1 million jobs. The new data released represent 156,614 federal contracts, grants and loans awarded to more than 62,000 recipients worth a total of $215 billion. (Honolulu Advertiser)
Report: Stimulus saves, creates 22,500 Mich. jobs Nov 1, 2009
The report does not cover all stimulus package elements, including money spent on tax cuts and direct payments to individuals, such as enhanced unemployment benefits. Michigan officials say more than 10 billion in total stimulus money has been announced for the state as of early this week. (Ionia Sentinel-Standard, MI)
Wallin is well-motivated Nov 1, 2009
Burgoyne proceeds to go on about the Bush tax cuts and repeat all the false talking points that have been force-feed into him. While he has his dictionary open, He should look up Marxism so that he will know why it was so important that he be made to think this way. (Longview Daily News, WA)
Whats wrong with this picture? Nov 1, 2009
Regulations were removed from lending institutions, credit card companies set their own rules, nifty tax cuts were legislated for Richie Rich, and the caissons were rolling along in Iraq. Life was picture perfect for Mr. Bush, Mr. Cheney, and Congress, dominated by the neo-cons who turned it into a little shop of legislative horrors, but a nasty recession was already underway when President Obama took office and the economic picture was grim. (Holbrook Sun, MA)
How much is too much? Nov 1, 2009
The wealthy bore the brunt of hefty tax cuts, albeit gracefully, but at least the rich could still afford a nifty health care plan. Representatives of a neoconservative Congress dismissed the fact that a growing dumber of Americans had no health care because of rising costs. (Holbrook Sun, MA)
Obama's Achievements Nov 1, 2009
Forbes magazine noted that the package included 79 billion to shore up state budgets, 164 billion in safety-net spending, and 32 billion in business tax cuts, all of which they claimed will be a stimulative. The jury is still out on this one, however. (New Iberia, LA)
Reports: Federal stimulus sends $1.8 billion to Oregon Nov 1, 2009
In a telephone briefing Friday, Jared Bernstein, chief economist for Vice President Joe Biden, said the numbers did not include other parts of the stimulus package, such as tax cuts, higher unemployment checks and $250 bonuses to Social Security recipients. Those create jobs, too, Bernstein said. (Ontario Argus Observer, OR)
Obama tempers economic news with caution on jobs Nov 1, 2009
The 1 million jobs cited by Obama also includes those from direct economic assistance, plus those linked to the boost from $288 billion in tax cuts under the stimulus program, the White House says. Obama took the time to underscore, as he often does, that the investment of tax money is paying off. (Muscatine Journal, IO)
China Manufacturing Grows at Fastest Pace in 18 Months on Stimulus, Loans Nov 1, 2009
Surging auto sales, driven by tax cuts and subsidies, are boosting manufacturing. Passenger-car purchases exceeded 1 million for the first time in September as , the largest overseas automaker in China, reported that sales doubled. (Bloomberg -- Asia)
Hill Democrats Critical Of Bush's Budget Plan Oct 31, 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)
THE OVAL: Obama and the fight over 'saved jobs' Oct 31, 2009
Seeking to stay ahead of the unemployment story, the White House reports today that its $787 billion stimulus bill has created or saved 650,000 jobs; it also claims that when you count all the effects of the stimulus, particularly tax cuts, the bill has actually created or saved 1 million jobs. According to a White House statement, "tens of thousands of state and local governments, private companies, colleges and universities and community organizations across the country submitted reports on... (USA Today -- Money)
A GOP Civil War in Upstate New York Oct 31, 2009
But she is endorsed by the National Rifle Association, she supported the Bush tax cuts, and she opposes much of Obama's health care plan. "Whether you agree with Scozzafava or not or whether you like her politics or not, there's this real cognitive dissonance between the woman that we know and this bizarre caricature of her that's being described out there," says Atkinson of WWNY. "Now she's like a stand-in for Mao and it's just bizarre.". (Time.com)
ABC: $160,000 Per Stimulus Job? White House Calls That 'Calculator Abuse'... Oct 31, 2009
Officials pointed out that todays report did not include jobs saved or created by more than $80 billion in tax cuts, as well as other money in the $787 billion stimulus package, such as $250 stimulus checks for 54 million Americans ... "tierra- Pleas elearn the difference between debt and deficit. If your income goes up, you can increase debt, sort of like the increased revenues that occurred from the bush tax cuts.". (The Drudge Report)
Schools are where stimulus saved jobs Oct 31, 2009
The figures do not include jobs indirectly created by the money pumped into the economy through tax cuts, unemployment benefits and aid to states for Medicaid. If those were included, the administration estimates, the tally would rise to more than 1 million jobs saved or created. (MSNBC -- Business)
White House: Job creation on track Oct 31, 2009
White House economic adviser Jared Bernstein said the figures show that, when adding in jobs linked to $288 billion in tax cuts, the stimulus has created or saved more than 1 million jobs. Teachers and other education employees represent the largest number of jobs in the report - about 325,000. (AZCentral -- News)
Economy Unexpectedly Shrinks 0.1% in August on Drop in Oil and Gas Output Oct 31, 2009
Most of the that showed gains in August are linked to government spending, tax cuts and interest-rate reductions. Public administration rose 0. (Bloomberg -- Canada)
Brazil's public sector registers huge deficit in September Oct 31, 2009
The figure was also affected by shrinking economic activity and a series of government tax cuts designed to stimulate consumption. The local governments still managed to post a primary surplus of 1. (Xinhuanet, China)
Allies at State Level Challenge German Chancellor's Plans to Cut Taxes Oct 31, 2009
Merkel has pledged tax cuts worth 24 billion euros ($35 billion) even as the widens in a bid to shore up growth in Europes largest economy. Opposition from the states, which are represented in the upper house of parliament, comes less than a week after Merkels party unanimously backed the tax cuts in a coalition agreement with the Free Democrats. (Bloomberg -- Germany)
More than 12,000 Ariz. jobs created by stimulus Oct 31, 2009
It has also allowed $63 billion in tax cuts, mostly for middle- and lower-income workers. If indirect benefits are factored in, administration officials claimed, the American Reinvestment and Recovery Act likely saved or created about 1 million jobs in its first seven months. (AZCentral -- News)
Blaker a numbers guy candidate for council Oct 31, 2009
I would like to see tax cuts across the board. What is your relationship with City Manager Joe Duff. (Gaylord Herald Times, MI)
How to find a better stimulus for US jobs Oct 31, 2009
Left unassessed is the impact of the Recovery Act's $288 billion in tax cuts, and how that incentive may be spurring business to restock shelves and hire innovative workers. (The average rate of productivity for American workers has jumped during this recession. (Christian Science Monitor)
Brazil's September Budget Deficit Widens to Nine-Month High of $13 Billion Oct 31, 2009
Yesterday, Finance Minister extended a stimulus tax cuts on home appliances even as an economic recovery shows signs of gaining momentum. Calculations. (Bloomberg -- Latin America)
New Jersey Insurgent Fades Oct 31, 2009
Preaching a message of cultural liberalism, tax cuts (direct property tax credits of up to $2500 per homeowner), and a decidedly green stand on the environment, Daggett has been surging into double digits in the race between leftist Democratic Gov. Jon Corzine and moderate-to-conservative Republican Chris Christie. How Daggett performs next Tuesday will inarguably have an impact on national politics. (Human Events Online)
