Obama to Hit U.S. Multinational Businesses with Billions in Taxes
On Monday, President Barack Obama’s budget will include a proposal to impose new taxes on trillions of dollars in profits accumulated by U.S. companies who do business overseas.
Taxes
Getting the Couch Potatoes Back to Work
In 2014, GDP growth bounced back in the spring and summer from a tough winter, but in the fourth quarter, it fell off to 2.6 percent. History indicates the country should be doing a lot better—simply, too many prime working-age Americans are despondent and have permanently dropped out of the workforce.
Almost Half of U.S. Households Can’t Save, Spend All of Their Income
The Federal Reserve has declared economic growth “solid.” But several new reports show most Americans are treading along a dangerous financial tightrope, where one slip could be devastating.
Tax Breaks Coming for Ferguson Businesses to Rebuild After Riots
Local business owners and politicians are working to bring tax breaks to those seeking to rebuild in the wake of last year’s destructive riots in Ferguson, Missouri.
Obamacare Tax Penalty to Hit Millions
Treasury officials have announced that 3-6 million people will be forced to pay the Obamacare tax penalty for not having health insurance in 2014. This is the first time the Treasury Department has given such an estimate.
Yahoo’s $40 Billion Alibaba Spin-off Is Win for Mayer
Marissa Mayer appears to be gaining traction in a turnaround of an Internet pioneer that most of Wall Street thought would be impossible.
Jerry Brown Takes on the Left
Once again, California Gov. Jerry Brown is heading for a confrontation with labor groups, social welfare groups, and Democratic legislators who want Brown to raise taxes and expand spending. The newly re-elected Brown successfully pushed through temporary sales and income taxes three years ago with Proposition 30, but refuses to continue whole-heartedly in that direction, preferring to let the taxes die by 2018.
Cruz: Americans Fighting With Islamic Terrorists Have Renounced Their Citizenship
Senator Ted Cruz (R-TX) has introduced legislation to block re-entry into the United States by any citizen who has fought alongside Islamic Terrorists in foreign countries. He also introduced a bill to help American military members who are engaged in the West African Ebola fight.
Paul Ryan: ‘We’re Not Going to Raise Taxes’
Representative Paul Ryan (R-WI), Chairman of the House Ways and Means Committee, declared “we’re not going to raise taxes” on Tuesday during the Fox News Channel’s special coverage of the State of the Union. Ryan said the speech was “a
Live Updates: Barack Obama’s 2015 State of the Union Address
Breitbart News is providing live coverage of President Barack Obama’s 2015 State of the Union Address, with live updates during the President’s speech summarizing his remarks and capturing reactions from the Breitbart News team on Twitter. 11:00 PM EST: Live updates
Clyburn: ‘I Don’t Know What Is Fair’ Tax Rate
House Assistant Democratic Leader Representative James Clyburn (D-SC) refused to say what he considered a “fair” tax rate on Tuesday’s “Your World With Neil Cavuto” on the Fox News Channel. After declaring that it was “class warfare when you have the
California Missing Manufacturing Boom Due to Alternative Energy Subsidies
Despite California having the largest manufacturing base in the nation, the state is growing high-paying manufacturing jobs at only one seventh of the U.S. average. The culprit in this debacle is Governor Brown’s wildly expensive alternative energy mandates that stab industrial manufacturers with electrical costs that are about double the U.S. average.
Common Core Tests to Cost Millions More than Expected in Wisconsin
Testing Wisconsin students with the new assessments aligned with the Common Core standards is expected to cost at least $7.2 million over the original estimate, according to the Wisconsin Department of Public Instruction (DPI).
Krauthammer: Obama ‘Wants To Punish the Rich Regardless of Its Effect On the Economy’
Columnist Charles Krauthammer argued that President Obama’s tax policy is “punish the rich regardless of its effect on the economy” on Monday’s “Special Report” on the Fox News Channel. Krauthammer said “Obama was asked about whether rating a capital gains
Obama Pushes Hundreds of Billions in Tax Hikes
In the build up to President Obama’s State of the Union address, the White House has floated plans to raise hundreds of billions in new taxes. The plans have almost no chance of passing Congress but are designed to frame the upcoming debates and alter the landscape for the presidential election in 2016.
Obama’s Proposed $320 Billion Tax Increase: The 2016 Long Game
Obama appears to be doing more to shape the political landscape ahead of the 2016 presidential election than helping the American middle class.
CA Judicial Council Slammed for $30 Million in ‘Questionable’ Spending
The California Judicial Council, which oversees the statewide judiciary, engaged in at least $30 million worth of “questionable” spending practices over a four-year period, according to a state audit released Wednesday.
French Economist Piketty: Bill Gates Is a Fan — Except on Paying More Taxes
French economist Thomas Piketty claims the very wealthy and successful Bill Gates is among his fans–except when it comes to paying more taxes.
