With the Presidential elections coming up in November and the political environment in campaign mode, there are still major expectations on the President and Congress to get at least a few things done before the end of the year. There are a couple of things on the list that President Obama and Congress must and should do before they ditch their jobs in favor of the campaign trail. As much fun as fundraising and campaigning can be, there is still a job to do in Washington and so far it hasn't been done.
So, the number one expectation on this
Expectations for President Obama and Congress
by T Akery January 24th, 2012 | Congress, Political Opinions, Presidential News
The Payroll Tax Cut Debate
by T Akery December 13th, 2011 | Congress, Political Opinions, Presidential News
The payroll tax cut debate is a hard one to define. While the biggest question surrounding this cut is how to pay for it, there are other aspects to this particular tax that don't really add up. The first and biggest is that this particular tax affects Social Security.
Clearly, Social Security is one of those political hot topics that set off emotions. People, especially the elderly, don't want anyone messing with Social Security. What this payroll tax is really labeled on most paychecks is the Social Security tax. The payroll tax terminology is really just political labeling designed to
Clearly, Social Security is one of those political hot topics that set off emotions. People, especially the elderly, don't want anyone messing with Social Security. What this payroll tax is really labeled on most paychecks is the Social Security tax. The payroll tax terminology is really just political labeling designed to
Three Big Spending Cuts
by T Akery November 29th, 2011 | Congress, Political Opinions
At the end of this year, three big spending bills are due to expire. One will raise taxes. One will cut doctor's payments. One will end unemployment benefits for a significant number of unemployed. None of these issues has yet been addressed by Congress. Yet on January 1st, these three things will automatically happen without action by Congress.
The first big one which will raise taxes is the payroll tax cut. While it isn't technically a spending cut, it will raise taxes. Keeping the payroll tax cut actually has some bipartisan agreement. The problem is not extending the cuts but
The first big one which will raise taxes is the payroll tax cut. While it isn't technically a spending cut, it will raise taxes. Keeping the payroll tax cut actually has some bipartisan agreement. The problem is not extending the cuts but
Super Debt-Cutting Commitee Stalls
by Jessica B. November 22nd, 2011 | Congress, Political Opinions
This week the battle between Democrats and Republicans continues to rage, as efforts to reach an agreement in the debt-cutting super committee by Thanksgiving seem futile at best.
Democrats, at the moment, are not caving on their demand that the tax reductions introduced by George W. Bush be allowed to expire in 2012, creating extra revenue through a tax-rate increase for high-end earners.
Thus far Republicans have only conceded one tax increase, an elimination of provisions for private jet owners which will provide an estimated 3 billion dollars. Instead, the Republican proposal is packed with spending reductions aimed at civilians employed
Democrats, at the moment, are not caving on their demand that the tax reductions introduced by George W. Bush be allowed to expire in 2012, creating extra revenue through a tax-rate increase for high-end earners.
Thus far Republicans have only conceded one tax increase, an elimination of provisions for private jet owners which will provide an estimated 3 billion dollars. Instead, the Republican proposal is packed with spending reductions aimed at civilians employed
More Losers than Winners this Week
by Ronald A. Rowe October 28th, 2011 | Congress, Political Polls, Winners & Losers
Hmmmm. There were a lot more nominations for losers than winners this week. I wonder if that says more about the disposition of our panel of experts or the state of politics this week. You be the judge.
WINNERS:
Barack Obama –
The President had nothing directly to do with the death of Muammar Gaddafi, but it happened under his watch. That’s two major enemies of the United States of America killed in a short period of time, which is all good for the sitting president. He looks stronger on foreign policy and I’m pretty sure the Nobel people can’t take their
WINNERS:
Barack Obama –
The President had nothing directly to do with the death of Muammar Gaddafi, but it happened under his watch. That’s two major enemies of the United States of America killed in a short period of time, which is all good for the sitting president. He looks stronger on foreign policy and I’m pretty sure the Nobel people can’t take their
