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Latest Tax cut Stories

2014-02-10 16:26:25

WASHINGTON, Feb. 10, 2014 /PRNewswire-USNewswire/ -- With the Senate this week considering repeal of the recent reduction in cost-of-living (COLA) increases for working-age military retirees, The Concord Coalition warned lawmakers that deviating from a pay-as-you-go standard for new spending and tax cuts would make a grim fiscal outlook even worse. The proposal under consideration would not offset the cost of a repeal, which is more than $5 billion. "Falling annual deficits, welcome...

2011-07-08 04:00:00

EX- HOUSE AGING COMMITTEE DIRECTOR AND ECONOMIC ANALYST CITE 5.4% GDP GROWTH UNDER DEMOCRATIC PRESIDENTS SINCE 1930 VS. 1.4% UNDER REPUBLICANS STATE IS "MYTH" THAT WEALTHY TAX CUTS CREATE JOBS; MAKE CASE NOT TO CUT MEDICARE AND SOCIAL SECURITY WASHINGTON, July 8, 2011 /PRNewswire-USNewswire/ -- "Trickle-down Economics Hasn't Worked since Herbert Hoover," say Bob Weiner, former House Aging Committee Chief of Staff under Chairman Claude Pepper (D-FL) and later a White House Spokesman, and...

2011-03-03 12:31:44

UMD Study: Big Differences on Defense, Job Training, Taxes The public is on a different page than either the House of Representatives or the Obama Administration when it comes to the federal budget - with a different set of priorities and a greater willingness to cut spending and increase taxes - concludes a new analysis by the University of Maryland's Program for Public Consultation (PPC). This new analysis compares the House and administration budget proposals with those produced by a...

2010-11-21 13:26:00

"MYTHS AND FACTS" REPORT LAYS OUT PRESIDENTIAL ECONOMICS SINCE TRUMAN AND THE FAILURE OF "TRICKLE DOWN" WASHINGTON, Nov. 21, 2010 /PRNewswire-USNewswire/ -- In a report, "The Great Tax Debate - Myths and facts," printed and featured today in Truthout, one of the country's leading progressive news sources reaching 260,000 readers with one million web hits per month, former Clinton White House staff and House Government Operations Committee spokesman Robert Weiner debunks "the myth of tax...

2010-11-16 10:27:00

WASHINGTON, Nov. 16, 2010 /PRNewswire/ -- A report released today finds it makes good business sense to let high-end tax cuts expire on Dec. 31. The Business Case for Letting High-End Tax Cuts Expire, by Business for Shared Prosperity, says families should keep tax cuts on their income below $250,000, but well-off taxpayers should not get extra tax cuts that won't create jobs and will cost $700 billion over the next decade. Instead, Congress should build on constructive action like the...

2010-07-27 10:40:00

Joins League of American Voters with RenewTheTaxCuts.com WASHINGTON, July 27 /PRNewswire-USNewswire/ -- Actor, former presidential candidate and U.S. Senator Fred Thompson joined the League of American Voters to launch a national petition effort to renew the Bush tax cuts, all of which are scheduled to expire at the end of the year. Senator Thompson appears in the League's new TV ad, which will begin nationwide today on the Fox News Channel and other news outlets. The ad can be viewed...

2010-04-27 07:00:00

HUIZHOU, China, April 27 /PRNewswire-Asia/ -- NIVS IntelliMedia Technology Group, Inc. ("NIVS" or the "Company") (NYSE Amex: NIV), a consumer electronics company that designs, manufactures and sells intelligent audio and visual products, today announced that the noted economist Arthur B. Laffer has joined the Company's Board of Directors. Dr. Laffer is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm, as well as Laffer Investments,...

2009-09-03 08:27:56

Fiscal conservatives reacted strongly to a proposal to extend two tax breaks for the poor that would increase the U.S. deficit by $85 billion in a decade. The White House proposal hinges on the portion of the American Recovery and Reinvestment Act, signed into law in January, that was, technically, an amendment of tax breaks passed in 2001 during the Bush administration, The Washington Post reported Thursday. Since these two policies ... represent expansions of tax cuts first enacted in the...

2009-08-13 12:28:44

Officials in West Virginia and Alaska say their states were not rushed to grab their portion of the $787 billion federal stimulus package. The recession hit West Virginia later, Matt Turner, a spokesman for Gov. Joe Manchin, told USA Today. Jack Kreinheder, a state budget official, said so far a delay in receiving the federal aid is not causing us any kind of severe problems. President Barack Obama said in June he was not satisfied with the pace of stimulus spending and promised to speed up...