Showing posts with label tax cuts. Show all posts
Showing posts with label tax cuts. Show all posts

Sunday, November 26, 2017

Show Notes 11-25-2017

Saturday Show 11-25-17

ESPN employees try to escape sinking ship
Thanksgiving week is here, and many inside ESPN are giving special thanks for jobs they hope will last past the holidays.
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Girl Scouts warn parents about forcing kids to hug relatives for the holidays
Girl Scouts of the USA issued a warning to parents this holiday season, asking them to think twice before forcing their daughters to hug relatives at gatherings.
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Expert: ICC Has No Jurisdiction to Investigate Alleged Crimes by US Troops in Afghanistan
The International Criminal Court (ICC) has no jurisdiction to investigate alleged wrongdoing by U.S. troops in Afghanistan, and the Trump administration should not cooperate with the tribunal, a Heritage Foundation scholar argued this week.
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Republicans flee from McConnell in 2018 primaries
Heading into the 2018 elections, only one Republican Senate candidate nationwide has pledged unequivocally to back Mitch McConnell as majority leader.
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S&P 500 closes above 2,600 for first time as Street bets on strong holiday shopping season
The S&P 500 hit record highs, rising 0.2 percent to 2,602.42 with information technology as the best-performing sector. Macy's was among the best-performing stocks in the index. The S&P 500 also closed above 2,600 for the first time.
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Seattle’s income tax on wealthy illegal judge rules
Seattle’s income tax on wealthy households failed its first legal test Wednesday, with a King County Superior Court ruling that the measure is illegal.
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U.K. officially fallsout of  world’s top 5 economies
During Wednesday’s Budget, Philip Hammond, in a series of statements aimed at highlighting the strength and health of the British economy, admitted that the country has slipped to sixth spot, trailing France. The other four countries that make up the leaderboard are the US, China, Japan and Germany.
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NASA's fake news’ about water on Mars'
It was big news in 2015 when NASA declared “liquid water found in Mars.”
Now, according to the U.S. Geological Survey, the announcement that Mars contains large amounts of water was premature.
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New Hole in Sun's Atmosphere Lets Particles Spew Out
A large, dark "hole" has opened up in the sun's atmosphere, allowing solar winds to rush out into space. NASA's  captured this ultraviolet image of the coronal hole on Nov. 8, with the space agency releasing the image Monday (Nov. 20).
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Mall of America looks like Somalia
Actor James Woods has a special knack for riling up Democrats and he has done it again with a tweet in which he posted a video of Muslims filing into the Nickelodeon Universe at the Mall of America in Bloomington, Minnesota.
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4chan Launches “Operation Swedistan” In A Last Ditch Attempt To Save Sweden
Hot off the heels of their stunningly successful It’s Ok To Be White campaign. Which managed to stir up both outrage and national media attention in multiple countries round the world.
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Muslims suing cafe lose anonymity
Several Muslim women who are suing a California restaurant for discrimination – and face a countersuit for trespass – have lost their right to be anonymous in their complaint.
http://www.wnd.com/2017/11/muslims-suing-cafe-lose-anonymity/

Thursday, March 15, 2007

Senate Panel Expected to OK 2008 Budget

I saw the spin in the Washington Post about this budget so I wanted to find a business source for you all...

From Forbes:

A Senate panel is poised to approve a budget blueprint awarding near-term spending boosts for Democratic favorites such as education and veterans programs, while putting off difficult decisions on taxes, Social Security and Medicare.

Debate Thursday in the Senate Budget Committee promised to end in party-line endorsement of a $2.9 trillion plan drafted by committee Chairman Kent Conrad, D-N.D. Debate in the full Senate begins next week.

The budget plan is nonbinding but lays out Democratic preferences on tax and spending policies. Its most immediate impact would be to award increases to domestic programs while making it difficult for lawmakers to finance tax cuts or increased spending on federal benefit programs like Medicare with budget deficit dollars.

While claiming to produce a $132 billion surplus in five years, Conrad's budget actually would increase the deficit from $212 billion in the ongoing 2007 budget year to $249 billion in 2008.

What is amazing to me is this is from the AP, no conservative source.

Conrad's $2.9 trillion budget plan came under immediate attack from Republicans for assuming Bush's tax cuts expire in 2010 as under current law - unless lawmakers come up with more than $400 billion in additional revenues.

And it assumes lawmakers will pass big revenue increases to finance changes to the alternative minimum tax that promise to be almost equally as expensive.

The pending expiration of Bush's cuts to income tax rates, penalties on married couples, inheritances and investments is a product of an obscure Senate rule governing debate on Bush's 2001 and 2003 tax cuts.

The tax cuts have caused all time record tax revenues coming into the tax coffers, lowered my taxes significantly and caused an incredibly strong economy with a record low unemployment rate. So of course, the Democrats want to let them go away.

The whole article needs reading so I suggest you shoot over there and read it in it's entirety.

I don't even want to hear anyone start talking about the tax cuts being for the rich. Unlike the Democrats these cuts raised the bottom end cut off for those who pay taxes who are "poor". It got rid of the tax penalty for being married in the tax tables and it raised the standard deduction for married couples to 16, 900.00 over it's span, including this year. It is currently 8450.00 for singles and I only file a short form. Yup, it is past time to get rid of those horrible, evil Republican tax cuts for the rich! Who knew I was so rich?