WEDNESDAY, FEBRUARY 23, 2012 ECONOMICS: Winners and Losers From a Tax Proposal http://www.nytimes.com/2012/02/23/business/tax-break-for-manufacturers-offset-elsewhere.html The Obama administration, seeking to promote domestic manufacturing without increasing the federal deficit, proposed Wednesday to offset new tax breaks for manufacturers by raising taxes on a wide range of other companies. Some of the prospective losers are familiar targets, including … Continue reading
Tag Archives: Economic Daily Outlook
Economic Daily Outlook
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
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
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
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