US President Barack Obama plans to close a tax loophole that allows US firms to avoid paying taxes on overseas profits, the White House says. [...]
Did you hear the latest out of Washington D.C. and our Government?
Timothy Geithner and Barack Obama discuss things, possibly even the upcoming debt ceiling issue!
Secretary of the Treasury Timothy Geithner and the Obama administration is already pushing for a higher debt ceiling. Remember last year when we went through all the threats of a government shut-down, and Obama threatened (in an off-handed way) to withhold social security and veterans checks? Well, get ready for more of the [...]
In the New Your Times online edition, yesterday (01 Oct, 2011) "Seeking Taxes, Romney Went After Business" (by Michael Barbaro) appeared, highlighting some of the ways Governor Romney's administration went about closing deficits in the Massachusetts state budget.
The basis of the article is that Romney went after "loopholes" that businesses in the state enjoyed and both Romney and most of the Democrats claimed was not right and not fair. To me, this points out one of the greatest issues wit [...]