FRIDAY, FEBRUARY 17, 2012 ECONOMICS: The Buffet Tax Rule Is Really More of a Guidelinehttp://www.nytimes.com/2012/02/17/us/politics/white-house-sees-buffett-tax-rule-more-as-a-guide.html?nl=todaysheadlines&emc=tha23President Obama has made the Buffett Rule, mandating that millionaires pay at least 30 percent of their incomes in taxes, the centerpiece of his campaign for “fairness.” But look for it among the myriad tax changes the White House detailed in … Continue reading
Category Archives: Economy
America / CFPB / Economy / Other / Regulation / Uncategorized
Rebuilding and Altering the Consumer Financial Protection Bureau
Deep Breath Before the Plunge It would be an understatement if the hearing on February 8th, 2011 would be considered as anything less than tame. During opening statements alone, which were typically no longer than two minutes, both attacks and decibels were on the rise. Whether on the attack or coming to the defense of … Continue reading
Day of budget hearings reminds everyone of the task ahead
Today’s hearings in the Senate and House Budget Committees highlight the ocean of varying perspectives on the President’s budget and the appropriate approach to take on essential reforms and deficit reduction. Though committee members were certainly guilty of playing the blame game, on both sides of the aisle, many showed a genuine concern for our … Continue reading
House Republicans challenge executive on budget trickery
House Budget Committee Chairman Paul Ryan (R-Wis.) led the charge today in confronting the President’s budget director on the real numbers behind the announced $4 trillion deficit reduction in the budget released on Monday. During the House Budget Committee hearing, Republicans grilled Acting White House Budget Director Jeffrey Zients on the difference between what the … Continue reading
Economic Daily Outlook
FEBRUARY 15, 2012 ECONOMY: Congressional negotiators reach tentative deal on payroll tax, unemployment benefits http://www.washingtonpost.com/politics/obama-renews-pressure-for-payroll-tax-cut-even-as-gop-leaders-agree-to-compromise/2012/02/14/gIQAyZEbDR_story.html Congressional negotiators reached a tentative deal Tuesday to extend a payroll tax holiday, unemployment benefits and Medicare payment rates for doctors, while finding more than $50 billion in cuts to reduce the effect on the federal deficit. Geithner Says Business-Tax Plan … Continue reading
President’s budget ignores real reforms, shirks responsibility
Yesterday, the President announced his budget for fiscal year 2013, a plan that, if implemented, would raise taxes and burden younger Americans with a legacy of chronic budget deficits. The budget the President is proposing is a house of cards on a foundation of volatile debt that is quite obviously not “built to last.” During … Continue reading
Economic Daily Outlook
FEBRUARY 14, 2012 ECONOMY: Obama Seeks New Taxes on Rich http://online.wsj.com/article/SB10001424052970204795304577221063135502908.html?mod=WSJ_hp_LEFTTopStories President Barack Obama called on Congress Monday to enact new taxes on the wealthy, restructure the tax code and approve short-term spending measures as part of an election-year budget plan aimed at boosting job growth and helping the middle class. Why Tax Policy Assumes … Continue reading
How the Economy is Affecting the Millennial Generation
Policy issue areas for the college-aged (Millennial) generation: 1. The National Budget 2. Growing National Debt 3. Entitlement Programs 4. Great Recession General Background Information: According to the Bureau of Labor Statistics, Millennials face unemployment rates above 25% and are still searching for the return on educational investments Fully 55% of those ages 18 to … Continue reading
Good grief Greece, what’s next?
Destruction, uncertainty, and change filled the air Monday in Athens between the rioters on the street and lawmakers in parliament. Members of parliament voted 199 in favor, 74 against and 27 abstentions of cutting minimum wage by about 22% and laying off one fifth of civil servants, about 15,000 workers.[1] Trying to obtain a €130 … Continue reading
Economic Daily Outlook
February 13, 2012 ECONOMY: Budget Sets Stage for Year-End Clash http://online.wsj.com/article/SB10001424052970204062704577219602675759134.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsSecond President Barack Obama’s budget plan, to be released Monday, will serve both as an outline of his re-election campaign message and a blueprint of the White House strategy for another clash looming after the November elections. OPINION: Autopilot is driving US to ruin (Judd … Continue reading
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