The president called on Congress to permanently extend certain tax credits for companies, allow businesses to write off all spending on expansion and improvements, and cut taxes for those who earn up to $250,000 a year. » E-Mail This » Add to Del.icio.us
Also tagged all-spending, allow-businesses, and-cut, called-on-congress, del-icio-us, expansion-and, for-companies, president-called, spending-on-expansion, tax-credits, taxes-for, write-off-allThe president called on Congress to permanently extend certain tax credits for companies, allow businesses to write off all spending on expansion and improvements, and cut taxes for those who earn up to $250,000 a year. » E-Mail This » Add to Del.icio.us
Also tagged allow-businesses, and-cut, called-on-congress, del-icio-us, expansion-and, extend-certain, for-companies, president-called, spending-on-expansion, tax-credits, taxes-for, write-off, write-off-allThe debate over President Bush’s 2001 and 2003 tax cuts heats up this fall as Congress considers the marginal rate reductions, estate tax relief and lower rates on investment income set to expire Jan. 1. At stake: trillions of dollars and tax-cutting reputations heading into the midterm elections. » E-Mail This » Add to Del.icio.us
Also tagged 2001-and, 2003-tax, considers-the, cuts-heats, debate-over, fall, fall-as-congress, heading-into, into-the-midterm, lower-rates-, president-bush, relief-and, the-midtermAs director of the Office of Management and Budget under Ronald Reagan, David Stockman knows a thing or two about trying to balance the national budget. And he’s convinced that Reagan would never support extending the Bush tax cuts of today. Stockman, who still considers himself a staunch conservative and a staunch Republican, tells host Guy Raz why he thinks extending those tax cuts would be akin to a bankruptcy filing by Congress and the White House. » E-Mail This » Add to Del.icio.us
Also tagged a-staunch-conservative, balance-the, bush, david-stockman, del-icio-us, management, national, office, ronald, ronald-reagan, tells-host, thing-or-two, white, white-houseDuring this fall’s elections, Congress will have to take up a controversial issue — deciding whether to extend a series of tax cuts that are set to expire at the end of this year. The cuts were passed during the Bush administration at a time when the economy was a lot stronger. The Obama administration argues that some of the tax cuts should be allowed to lapse. » E-Mail This » Add to Del.icio.us
Also tagged a-lot-stronger-, bush, cuts-should, del-icio-us, during-the-bush, economy, obama, passed-during, tax-cuts, will-have, yearOnline travel companies such as Orbitz and Expedia don’t believe they need to collect taxes on the full amount they charge for hotel rooms. This has led to a big lobbying fight in Congress and dozens of lawsuits nationwide. » E-Mail This » Add to Del.icio.us
Also tagged and-dozens, charge-for, collect-taxes, del-icio-us, expedia, full, has-led, hotel-rooms, lawsuits-nationwide-, orbitz, such-as-orbitz, taxes-on-the, the-fullA battle is being waged by small businesses, accountants, and members of Congress to repeal a new tax reporting requirement in the health law. But it could raise $16 billion for the government. » E-Mail This » Add to Del.icio.us
Also tagged a-new-tax, and-members, being-waged, billion-for, del-icio-us, government, health, new-tax, reporting-requirement, small-businesses, the-government, the-healthTax cuts enacted in 2001 and 2003 are to expire in January unless Congress renews some or all of them. The cost of extending them by a decade: nearly $3 trillion. David Wessel, economics editor of The Wall Street Journal , offers his insight. » E-Mail This » Add to Del.icio.us
Also tagged 2001-and, 2003-are, cuts-enacted, david-wessel, del-icio-us, economics-editor, insight, january, offers-his, renews-some, some-or-all, street, street-journal, wesselThe Federal Reserve chief speaks to Congress on the economy, and his testimony is full of on-the-one-hand / on-the-other-hand. » E-Mail This » Add to Del.icio.us
Also tagged and-his, chief-speaks, congress-on-the, del-icio-us, economy, federal, federal-reserve, the-economySo far this year, proponents of tougher campaign finance laws have been on a losing streak. They have two big bills they still hope Congress will vote on this summer — though both face opposition. » E-Mail This » Add to Del.icio.us
Also tagged a-losing-streak-, big-bills, campaign, del-icio-us, face-opposition-, finance-laws, have-been, have-two, losing-streak-, summer, though-both, tougher-campaign, will-vote