The New York Times reports that President Obama is reviving an old proposal to lower the corporate tax rate from 35 percent to 28 percent (and 25 percent for manufacturers). Obama’s push to lower the corporate tax rate to 28 percent comes less than a year after he raised the top individual income tax rate, paid by many small businesses, to 39.6 percent.
Recipients of federal disability checks often admit that they are capable of working but cannot or will not find a job, that those closest to them tell them they should be working, and that working to get off the disability rolls is not among their goals.
Just two weeks after Janet Napolitano announced her resignation as Secretary of Homeland Security, the Congressional Black Caucus has suggested Rep. Sheila Jackson Lee of Houston fill her spot.
A letter dated July 25 and signed by Rep. Marcia Fudge, Ohio Democrat and caucus chairwoman, urges President Obama to consider Miss Jackson Lee for the position, calling the Democrat a “voice of reason” that the agency could stand to gain, the Houston Chronicle reported.
With ownership at 65 percent and home values rising, housing industry and consumer groups are pressing lawmakers to make the American Dream more inclusive by ensuring new mortgage standards designed to prevent another crash are flexible enough that more families can benefit from the recovery. Regulators are close to proposing a softened version of a rule requiring banks to keep a stake in risky mortgages they securitize, according to five people familiar with the discussions.
Lawmakers currently shaping housing finance are seeking to reduce the government’s role in keeping rates affordable for riskier borrowers while ensuring homeownership is within reach of minorities and first-time buyers who could be needed to sustain the housing recovery as borrowing costs rise from record lows. Who will be able to buy property depends on the balance they reach, according to Anthony Sanders, a professor of real estate finance at George Mason University in Fairfax Virginia.
WASHINGTON (AP) — Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.
The findings come as President Barack Obama tries to renew his administration’s emphasis on the economy, saying in recent speeches that his highest priority is to “rebuild ladders of opportunity” and reverse income inequality.
Too many of the jobs that Obama wants to take credit for creating have been part-time jobs, low-wage, entry level jobs. In criticizing the “jobless nature of the recovery,” Mort Zuckerman – a once big supporter of Obama – says “there are jobs, and then there are jobs.”
There’s another number that is damning….during this supposed recovery, 15 million more Americans are relying on food stamps than before the recession.
Depending on whether you use the Presidential puff-master Jay Carney’s 7.2 million jobs created number, or the President’s chief economic adviser Alan Krueger’s 5.3 million, that means for every one job of any kind added during this non-recovery, there were at least two – or nearly three – Americans that signed up for food stamps.
Christopher White of The College Fix reports that students wearing “Tea Party T-Shirts and others who wore patriotic or Republican-inspired clothing” were turned away at the door under the guise of security concerns, despite the fact that they held tickets to the event.
I’d like to offer a helpful tip to all College Republicans who hope to attend an Obama speech in the future: Odds of admission improve if you wear a Che Guevara t-shirt, an “I Heart Kim Jong Un” campaign button, and/or a ballcap displaying the slogan “Obama Girl” prominently above the brim.
Now, even the “non-partisan” Congressional Budget Office has joined this pro-abortion cabal by placing a value on the lives of unborn children. CBO recently reported that, if passed by Congress, the Pain-Capable Unborn Child Protection Act would cost the government $225 million over the next 10 years by allowing children to be born instead of aborted.The CBO says killing children will save the government money in healthcare costs and expenditures in welfare and other social programs. Well, by all means then, let’s kill some children, shall we?
Delaware state officials have told Congress that they likely destroyed the computer records that would show when and how often they accessed Christine O’Donnell’s personal tax records and acknowledged that a newspaper article was used as the sole justification for snooping into the former GOP Senate candidate’s tax history.