The White House says it underscores the argument for his ‘Buffett rule’ on taxing wealthier people. As President Obama mounts an aggressive campaign on what he calls tax fairness, his own tax burden has fallen to the lowest of his time in the White House, lower than many who make far less — including his secretary. [...]
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House Budget Committee Chairman Paul Ryan (R-Wis.), whose budget plan recently passed the House in a party-line vote, says his faith contributed in shaping the proposal, which he says is consistent with Catholic teachings. “A person’s faith is central to how they conduct themselves in public and in private,” Ryan said in an interview released [...]
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Most Americans know that things used to be much better in the United States, but they don’t have the facts and the figures to back that belief up. Well, after reading the shocking statistics in this article nobody should be left with any doubt that things have gotten worse in America. There are less jobs, [...]
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Marking the similarities between President Barack Obama’s time in office and former president Jimmy Carter’s is nothing new. But as of Monday, Obama has hit one more Carter benchmark – both saw gas prices double in their first term of office. In fact, while just barely, Obama has seen an even higher gas price increase than Carter [...]
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President Obama, eager to promote his administration’s efforts to revive the job market on the eve of another politically significant employment report, signed a bill on Thursday that will roll back restrictions on the way start-up companies can raise money from individual investors. Mr. Obama, surrounded by a bipartisan tableau of lawmakers and entrepreneurs, said [...]
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We’ve just begun coming to grips with the wimpy recovery. Are we actually in for another recession? That was the implication of a couple of economic reports I read this week, including one by ITG Investment Research, which tracked how the pace of this recovery (which was never great to begin with) has by some [...]
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It costs the Canadians 1.6 cents to produce a penny – about what it costs the US mint. Now Canada has decided to stop minting pennies as a means to save money. CNN: Canada is ditching production of the penny, saying it costs more to make the coin than it’s worth. As of this fall, [...]
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Come Sunday, America finally has something to crow about in its economic war with China and Japan: It will have the highest jobs-killing corporate tax rate in the industrialized world. No, it’s not an April Fool’s joke. When Japan officially slashes its rate to 36.8 percent Sunday, America’s will be tops at 39.2 percent. President [...]
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On Wisconsin TV, Rick Santorum is getting pummeled as someone who doesn’t understand the economy. On the radio, he’s portrayed as squishy on funding for women’s health care provider Planned Parenthood. In mailings, Santorum has “crazy ideas” that the state’s Republican voters are asked to reject in their presidential primary next week. Yet again, the [...]
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Jan. 1, 2013, seemed a long way off in the Chicken Summer of 2011. That’s when Congress reached a deal that ended, or rather postponed, the debt-ceiling crisis by declaring that automatic cuts in federal spending would be triggered at the beginning of 2013, unless a bipartisan supercommittee came up with a sweeping plan for [...]
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‘I Don’t mean to be flip with this,’’ said Mitt Romney during a q-and-a with students at the University of Chicago last week. “But I don’t see how a young American can vote for a Democrat.’’ He cheerfully apologized to anyone who might find such a comment “offensive,’’ but went on to explain why he [...]
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Republican presidential front- runner Mitt Romney reached out to party lawmakers in Washington yesterday, telling them at one gathering he is seeking the White House “to save the country,” said U.S. Senator Jim DeMint. DeMint, a South Carolina Republican who helped anti-tax, Tea Party-backed candidates win Senate seats in 2010, said Romney provided the assurance he wanted that the former [...]
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Curiously overlooked, though, is just what a shift this rhetoric is from the approach that Romney took on the issue of gas prices while governor of Massachusetts. Befitting his profile as a moderate Republican who cared about the environment, Governor Romney responded to price spikes by describing them as the natural result of global market [...]
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Republican presidential candidate Rick Santorum says the issue in the presidential race is not the economy but an oppressive government that’s taking away people’s freedom. Santorum made the remark Monday while campaigning in Rockford, Ill. Illinois has its GOP primary on Tuesday. Former Massachusetts Gov. Mitt Romney has made his record as a venture capitalist [...]
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House Republicans, searching for an election-year message amid a muddled political and economic landscape, will introduce a 2013 budget Tuesday that cuts tax rates and provides for just two individual brackets of 10% and 25%. The budget would end the Alternative Minimum Tax, which originally was aimed at the wealthy but ensnares a growing number [...]
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