Chart of M2 money supply growth and inflation as measured by the GNP price deflatorBy: Bkwillwm
The question, “Is trade good for America?” may seem a little trite to some, but in watching and listening to the heated rhetoric on the Trans-Pacific Partnership Trade Agreement, it is a question that one might ask to gauge how much the public has become so polarized on this issue.
So Ted Cruz is running for President, and wants to abolish the IRS.Back in the wake of the “IRS Scandal”—that is, when the public became aware that the IRS was selectively targeting nominally conservative or Tea Party-associated groups for tax audits, Cruz’s solution was to eliminate the federal body altogether.
"If you want to go face to face with me President Obama, I'm ready to go because I have the facts!" – Ed Schultz responding to President Obama for calling out MSNBC for its opposition to the TPP.
Don't ever think of telling President Obama he is a lame duck. He has too many things he still wants to accomplish before he leaves and beginning the process of lifting up the middle class is at the top of his list.
If you ever want to see a 'real life experiment' on how to turn Ayn Rand's philosophy into a state wide policy, then look no further than Kansas. Governor Brownback coasted to election four years ago on his promise to make Kansas a bastion of conservative orthodoxy.
The corporate tax rate is a heavily debated topic in this country. And many on the far right and those on the side of big business sight that upwards of a 35% corporate tax rate is far too high a premium to pay in taxes, just to do business in the United States.
The tax preparation industry is one of those industries that everyone loves to hate. Since the average American doesn't understand the tax code, these organizations step in and promise to take care of everything for you. All you need to do is give them a hefty fee and voila, your taxes are now done. If you're lucky, you'll get some money back.
Several months behind Colorado, but still only the second state in our union to do so, Washington state has begun to officially sell recreational marijuana. Sales began on July 8th. As with Colorado, the first day of sales was largely celebratory and more historic in nature, than anything else.
Debunking Lies & Misinformation About Macroeconomics
Ed Haislmaier, a scholar for the conservative Heritage Foundation, attacked a non profit employee during a Campaign to Fix the Debt event. Haislmaier followed Burke Stansbury, of the Seattle-based nonprofit Campaign for Community Change, out of the conference room and started shouting at him. Haislmaier then reached for Standbury's camera and swatted it to the ground. Security guards eventually arrived and restrained Haislmaier.
Legally, Romney would have paid closer to 9% but opted to pay more, just over 14%, for political purposes. This is despite his previous stance of. "I don’t pay more than are legally due and frankly if I had paid more than are legally due I don’t think I’d be qualified to become president. I’d think people would want me to follow the law and pay only what the tax code requires."
The most newsy item of Mitt Romney's media blitz of network interview after network interview Friday night was his bold statement that he would not release any more tax returns than the two years he has already planned, despite growing pressure from President Barack Obama, Democrats and even some Republicans. GOP Governor, Robert Bentley has said that Romney needs to release his tax records in the name of transparency.
While not breaking any laws, Romney, in the course of amassing his wealth, has operated in a grey area. He has exploited every possible tax loophole imaginable. Romney has also built up his IRA on these questionable loopholes have allowed him to inflate his IRA to well over $100 million which he has invested in numerous tax free off shore accounts in places such as the Caymans.
Gov. Christie is hoarding money saved by cuts to programs aimed to help poor and working class families, and using it as a bargaining chip to ram through tax cuts that will predominately favor the rich.
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