President Obama recently gave a lengthy speech on inequality, poverty, and what to do about it. He claimed inequality is increasing, which is debatable, and then offered a few populist ways to reduce it, such as raising the minimum age. Show More Summary
For those who want to learn how to troll the Internet, take a lesson this week from Slate's Matt Yglesias. While suggesting the Republicans have lost "purity" on tax cuts, the writer compared GOP budget leader Paul Ryan (R-WI) to virginal...Show More Summary
The tax servicer is leaving behind its banking arm and recently cut its loss, but Web-based competitors pose a problem to its bread and butter.
"The Tories will cut maternity pay". "Labour will cut your pension." "Mummy tax". "Granny tax" "Nur nur nur nur nurrrrr" (or should that be "Na na na na na"?) If you ever doubted that the next election campaign is already under way,Show More Summary
Most of the attention this week on Gov. Andrew Cuomo’s tax cut plan has been focused on property taxes. The most important proposal though is one to raise the threshold for the estate tax and lower the rate to 10%. It sounds like a giveaway...Show More Summary
As Jed Lewison has reported, congressional negotiators reached a budget deal late Tuesday that will restore $63 billion in automatic cuts, a $23 billion reduction in the deficit and no raise in taxes. A vote in both houses is expected...Show More Summary
PM uses Spectator interview to share with Tories his frustration at Lib Dems holding him back Column The Mole LAST UPDATED AT 10:09 ON Wed 11 Dec 2013 DAVID CAMERON has revealed that he "very passionately" wants to lead a Tory-only government...Show More Summary
NEW YORK (Reuters) - A New York State commission is proposing $2 billion in tax cuts over the next three years as lawmakers prepare to wrangle over the state's $140 billion budget early next year.
A commission appointed by Gov. Andrew Cuomo to study tax policy recommended reducing property and businesses levies $2 billion over three years, including a cut in the corporate rate to the lowest since 1968. The panel, led by former Republican Gov. Show More Summary
WASHINGTON (Reuters) - President Barack Obama's nominee to be the new head of the U.S. Internal Revenue Service on Tuesday pledged to restore the public's trust in the tax agency and called on Congress to stop cutting the beleaguered IRS's budget.
Should the Welsh government get the power to vary income tax rates? And if so, how should it use them? The first question is one for the voters - if politicians in Cardiff agree to trigger a referendum on the subject. The second question...Show More Summary
The Prime Minister is interviewed by Fraser Nelson in the Christmas treble issue of the Spectator, out on Thursday. After dutifully answering questions on tax, China and welfare he cut… Continue reading The post David Cameron: why I’m on #TeamNigella appeared first on Spectator Blogs.
There’s a new budget deal in the works, says Brad Plumer of the WONKblog. Under the proposed deal, we would give up increases in spending and “user fees” (read: taxes). In return, we would receive empty promises of spending cuts “down the road”: Under current law, discretionary spending is set to fall from $986 billion [...]
Back in September, we wrote on this blog that the EU’s Financial Transaction Tax was “dying a death of a thousand cuts”.However, following that opinion of the EU Council of Ministers' legal service, the European Commission has hit back with its own legal opinion. Show More Summary
The right-wing nut jobs from the Jones Street House of Pain, along with DAG McClowny, have been on an all-out propaganda push to try to convince North Carolinians that they're getting a tax cut, just because the nominal income tax rate...Show More Summary
Yesterday’s autumn statement included the results of the Treasury’s study of the dynamic impacts of the cuts to Corporation Tax, which George Osborne is down from 28 per cent to… Continue reading The post How corporation tax cuts are helping wages appeared first on Spectator Blogs.
Mitsubishi announced that it will cut the sticker price of its i-MiEV electric car by 20% for the 2014 model year, following price cuts at other automakers that sell EVs. The ’14 i-MiEV will start at $23,845 including destination charges when it goes on sale next spring. That’s a $6,130 reduction from the previous 2012 […]
With growth forecasts revised up and room for tax cuts in 2015, George Osborne starts electioneering Column The Mole LAST UPDATED AT 14:26 ON Thu 5 Dec 2013 GEORGE OSBORNE announced higher growth than expected, lower borrowing forecasts,...Show More Summary
Stars & Stripes reports that Secretary of Defense Chuck Hagel announced that he’s going to cut his own office’s budget by 20% to save tax payers a billion bucks over the next 5 years. He claims to be reducing his staff by 8%, mostly contractors and civilian personnel; Hagel said the staff cuts are designed […]
George Osborne hasn’t been short of advice this week. He should cut taxes. He should cut red tape. He should cut the green lobby off at the knees. He should shoot Ed Miliband’s energy price freeze fox. He should do something, anything, to ease Tory nerves at Labour’s small, but stubborn, opinion poll lead. So [...]