Written by The Daily Bell
European equities rose and peripheral bond yields fell on Friday on growing expectations of ECB action to bring down Spanish and Italian borrowing costs, but concerns about possible German opposition to such a move kept risk appetite in check. Euro zone governments and the European Central ...
Written by William McBride and Philip Dittmer
International business taxation and its role in outsourcing are heating up as major election-year political issues. At a campaign stop in Cincinnati last week, President Obama cited a new report as evidence that Mitt Romney’s territorial tax reform proposal would push jobs abroad:
Written by American Dream
The economic crisis that is sweeping Europe is starting to hit Britain really hard. Over the last couple of years economists have been warning that we can't let the "contagion" spread from troubled nations such as Greece and Portugal to the rest of Europe. Well, it is too late for that ...
Written by Curtis S. Dubay
Taxmageddon is the one-year $494 billion tax increase that is poised to strike the economy on January 1, 2013. It consists of expiring tax policies such as those set in 2001 and 2003 and the 2010 payroll tax cut. Taxmageddon also includes five Obamacare tax increases.
Congress should not ...
Written by America Dream
Is the U.S. economy in a recession right now? Has the next recession in the United States already begun? Unfortunately, there are a lot of economic numbers that are pointing in that direction. U.S. retail sales have fallen for three months in a row, U.S. manufacturing activity is ...
Written by American Dream
Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily toward us. We have seen "stimulus packages", quantitative easing, bond buying, interest rate cuts, emergency economic summits, bailout packages for ...
Written by Rep. Paul Ryan:
After today's Supreme Court ruling, Rep. Paul Ryan told TMJ4'sCharles Benson: "We think this is bad for Medicare, it restricts choices of health insurance, and we think this is a budget buster. We think it will hurt us in terms of job creation and we think it will take away the kind of ...
Written by Senator Jim DeMint
If Congress fails to act, Americans will face a $494 billion tax increase -- the highest ever in one year -- on January 1.
What has been referred to as Taxmageddon might better be labeled “Jobsmageddon” because every dollar taken away from individuals and small businesses is a dollar that ...
Written by Joseph Henchman
Record high levels of unemployment and record low reserve funds have placed great pressure on the federal-state unemployment insurance (UI) tax and benefit system. Between 2008 and 2011, $174 billion was paid in unemployment taxes while $450 billion was paid out in benefits, a gap of $276 billion. ...