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Category Archives: Business
Laffer WSJ Opinion –
Economist Arthur Laffer recently wrote an opinion article in the Wall Street Journal regarding taxation. Art Laffer is known for his work on taxation and the creation of the Laffer Curve. In the Wall Street Journal article, Laffer uses a … Continue reading
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Jim Demint Article –
South Carolina Republican Senator Jim Demint has written a commentary article on the Pelosi-Reid economy for Forbes. The article discusses his thoughts on the Democrats economic agenda and more specifically Democratic spending. To read the Forbes article, please click here: … Continue reading
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Pence: Keep Bush Tax Cuts –
Republican Congressman Mike Pence argued for extending the Bush tax cuts on a show with Al Hunt. Pence wants all tax cuts extended including those for families making more than $250,000. The Obama admnistration and Congressional Democrats are taking the … Continue reading
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Basel Hearings Planned
Senator Dodd and Congressman Frank are expected to hold Congressional hearings on Basel bank regulations. The Basel Committee on Banking Supervision eased some proposed regulations whuch are of concern to Congress. Congressional hearings will work to improve discussion on the global … Continue reading
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Campaign Finance Bill –
Campaign Finance legislation failed to reach the 60 votes required to stop a filibuster. The vote was 57-41 and it will likely end campaign finance legislation for this congress. Democrats argue that the bill would provide more transparency and Republicans … Continue reading
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Tax Cuts –
Democrats are expected to offer a plan to keep the Bush tax cuts for the middle class. Tax cuts for higher incomes will be allowed to expire. An estate tax of 45% for the next two years will also be … Continue reading
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Senate Passes Finance Bill –
The Senate passed the financial bill today with a 60-39 vote with three Republicans suppoting the measure. Earlier in the day, the Senate voted 60-38 to end debate on the bill and move it to a final vote. The financial … Continue reading
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Senator Nelson Supports Financial Reform Bill –
Nebraska Senator Ben Nelson has indicated that he would support the financial reform bill and that should provide the 60 votes needed to pass. Previously, Nelson was undecided and that fueled speculation that four Republicans would be needed to pass the measure. The bill … Continue reading
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Republicans Push For Tax Cuts –
Republican Senator Judd Gregg and Congressman Eric Cantor are asking for the extension of the tax cuts set to expire at the end of the year. The goal is to stimulate the economy by keeping the Bush tax cuts on … Continue reading
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Finance Bill Delayed –
The Finance Reform bill has been delayed until after the 4th of July recess. This may cause further changes to the bill as swing votes consider all options. There has already been the elimination of $19 billion in fees assessed … Continue reading
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Financial Reform Agreement –
The House and Senate The House and Senate conference reached an agreement earlier today on financial reform that dilutes the original bill. This came as great news for the banking sector that was concerned about a number of provisions in … Continue reading
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Billionaire Surtax –
Three Senators are pitching the idea of a billionaire surtax that would raise the levy to 65% of their estate. The three Senators are Sanders of Vermont, Harkin of Iowa, and Whitehouse of Rhode Island. The propsed tax would apply … Continue reading
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Roll Call: Special Reports –
Roll Call Policy Briefings are an invaluable resource that provides in depth information on specific topics. The transportation and energy report states that it looks at roads, rails, and alternative fuels. To visit the Transportation & Energy Briefing, please click here: … Continue reading
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New Jersey Millionaire Tax –
New Jersey Democrats are expected to vote Monday on the millionaire tax. The millionaire tax has already faced a veto from Governor Chris Christie and is not expected to have enough votes for an override. The tax would be for 10.75 … Continue reading
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Ohio Stimulus Jobs –
There has been a great deal of discussion on the stimulus and how it relates to job creation. A recent focus has been on Ohio where the topic has been raised at a number of events. Ohio State Auditor Mary … Continue reading
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