tax cuts

WILL POWER REPORT: POVERTY IS NOT HEREDITARY

Nothing but the truth! 

By Will Power
 
August 20, 2011 (San Diego)--In Eighteenth Century England, not only was poverty illegal but a few pounds of unpaid debt could get you sent to Australia or prison.  In those days, people actually thought poverty was hereditary, and that bad genes made you poor.

SHOWDOWN ON TAX CUTS, UNEMPLOYMENT EXTENSIONS LOOMS IN CONGRESS


Local representatives weigh in with their views

 

By Miriam Raftery

December 6, 2010 (Washington D.C.) – Congress is under fire to take action before Bush-era tax cuts expire at year’s end. Republicans want to see all tax extended, but have opposed extending unemployment benefits, which also expire this month. Democrats wanted to extend tax cuts for the middle class but eliminate tax cuts for the wealthy in order to reduce the deficit, and also extend benefits for the unemployed.  But Democrats could not pass their plan due to opposition from Republicans, who contend the wealthy need tax cuts to create jobs.

 

Now, President Barack Obama is pushing a compromise measure that would include a mix of new tax cuts, including a payroll tax cut and individual tax breaks, while also restoring some estate tax revenues.  

READER'S EDITORIAL: CORPORATE AMERICA--DON'T KILL THE GOOSE THAT LAYS THE GOLDEN EGG

By Tracy Emblem

 

September 14, 2010 (San Diego's East County) -- President Obama recently proposed that Congress enact legislation that would provide an estimated $200 billion in tax breaks for businesses that invest in new plants and equipment, a $100 billion extension of the business tax credit for research and development, and $50 billion over the next decade to improve roads, rails and other infrastructure, to create jobs in America. However, CNN Money wisely reports, "the tax breaks might actually cost some jobs if a business buys technology from overseas that improves productivity rather than hiring more U.S. workers."