Category Archives: Economy

Economy

Dodd-Frank Delay –

Posted on 17. February 2011 by Jim Sutliff

Senate hearings are heating up regarding the funding of the Dodd-Frank bill.  Major agencies are requesting funds to implement the bill and are facing resistance from Republicans and some Democrats.  Republicans have 47 Senators that are likely to be united … Continue reading →

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Offshore Wind Energy –

Posted on 13. February 2011 by Jim Sutliff

Maryland is considering a bill that would require the purchase of electricity from offshore wind farms.  The Maryland Offshore Wind Act of 2011 set the stage for utilities to purchase between 400 and 600 megawatts from offshore wind farms for … Continue reading →

Posted in Business, Economy, Energy, Environment, General, Infrastructure, Regulatory | Leave a comment

Oil Industry Oversight –

Posted on 11. February 2011 by Jim Sutliff

 The National Commission on the BP Deepwater Horizon Oil Spill released some of their findings to the House Committee on Transportaion and Infrastructure.  One finding addresses the need for stricter oversight of drilling by receiving $200 million in funding from … Continue reading →

Posted in Business, Economy, Energy, Environment, Infrastructure, Regulatory, Tax | Leave a comment

Senate Democrats Target Oil Industry –

Posted on 8. February 2011 by Jim Sutliff

Senate Democrats are attempting to eliminate tax breaks for the oil industry.  In a recent letter, Senate Democratic leaders asked House Speaker Boehner to remove tax breaks for the oil industry to help cut spending.  The letter was signed by Senate … Continue reading →

Posted in Administrative, Business, Congress, Democrat, Economy, Election, Energy, General, Infrastructure, Politics, Presidential, Regulatory, Republican, Tax, Trade | Leave a comment

House Health Care Vote –

Posted on 19. January 2011 by Jim Sutliff

The House voted 245-189 to repeal the Obama health care bill.  Three Democrats voted with Republicans and the bill will now move to the Senate.  The repeal bill still needs to pass the Democratic controlled Senate and will likely face a … Continue reading →

Posted in Administrative, Congress, Democrat, Economy, Election, General, Healthcare, Politics, Regulatory, Republican | Leave a comment

Illinois Tax Hike –

Posted on 11. January 2011 by Jim Sutliff

Illinois is on the verge of a massive tax increase that would raise the individual income tax rate to 5%.  The Illinois Policy Institute reported that it would increase taxes on a family of three making $60,000 by almost $1,100 per year.  All 48 Republican members … Continue reading →

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Governor Christie Announces Funding –

Posted on 7. January 2011 by Jim Sutliff

New Jersey Governor Chris Christie has announced a plan to fund $8 billion dollars of transportation projects over the next five years.  The plan includes an estimated $2.6 billion of new borrowing and almost $3 billion of funds that were … Continue reading →

Posted in Administrative, Economy, Infrastructure | Leave a comment

Payroll Tax Cut –

Posted on 2. January 2011 by Jim Sutliff

2011 Payroll Tax Cut  The payroll tax cut will lower the tax by 2% from 6.2% to 4.2% for the first $106,800 in 2011.  That could add up to as much as $2,136 dollars.  The tax cut was signed into law on … Continue reading →

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Tax Code Overhaul –

Posted on 16. November 2010 by Jim Sutliff

A comprehensive overhaul of the tax code could take place in the near future.  Recently, Treasury Secretary Timothy Geitner indicated that the tax code was in need of a major overhaul.  Congressional Republicans have also supported an overhaul of the … Continue reading →

Posted in Administrative, Business, Congress, Democrat, Economy, Estate Tax, General, Politics, Regulatory, Republican, Tax | Leave a comment

Tax Cut Compromise –

Posted on 6. November 2010 by Jim Sutliff

Barack Obama is moving in the direction of a tax cut compromise during the lame duck session.  Tax rates will rise in 2011 if action is not taken to keep the Bush tax cuts.  The White House has also indicated that … Continue reading →

Posted in Administrative, Business, Congress, Democrat, Economy, Election, Estate Tax, General, Politics, Regulatory, Republican, Tax | Leave a comment

Beltway Business –

Posted on 5. November 2010 by Jim Sutliff

A recent Business In The Beltway article on Forbes discusses the priorities of the new Congress.  Republican victories in the House and Senate have changed the political landscape and are likely to shift policies on tax.  Tax will almost certainly be … Continue reading →

Posted in Administrative, Business, Congress, Democrat, Economy, Election, Energy, Estate Tax, General, Healthcare, Politics, Regulatory, Republican, Tax, Trade | Leave a comment

Quantitative Easing –

Posted on 2. November 2010 by Jim Sutliff

A recent survey indicated that 53 of 56 economists expected the Federal Reserve to start a second round of quantitative easing.  The survey also indicated that 29 economists expect the amount to exceed $500 billion.  The stock market is expected to … Continue reading →

Posted in Administrative, Business, Economy, Federal Reserve, General, Regulatory | Leave a comment