Posts Tagged ‘congress’
Obama’s Green-Collar World Meets Reality
Energy companies will face tough times ahead as Congress cuts subsidies. Read the rest of this entry »
The Mortgage Mess’s Dirty Details
Hough: New research shows how Congress pandered during the bubble. Read the rest of this entry »
For Goldman, a Bumpy Road to Redemption
Stewart: After beatings in the media and in Congress, some humility. Read the rest of this entry »
Kiplinger Tax Letter May 14, 2010 (The Kiplinger Tax Letter)
Dear Clients, Congress is starting work on taxes again. Taxwriters took a break after passing health care, but are now returning their attention to the tax code. The goal is to OK a bill before Memorial Day. A host of expired tax breaks will be revived for this year, retroactive to Jan Read the rest of this entry »
Kiplinger Tax Letter February 4, 2010 (The Kiplinger Tax Letter)
Obama's timetable for tax hikes is in trouble. Democrats aren't fully supporting his plan. While Obama wants action this year on his proposal to end the Bush tax cuts for upper income taxpayers, some Democrats in Congress worry about losing seats in the Nov. elections and would prefer to delay a vote on his plan until the U.S. economy picks up steam. Obama wants to revive higher top tax rates...36% and 39.6%...in effect before the Bush tax cuts were OK'd in 2001. His budget plan for fiscal 2011 would start the 36% tax bracket at about $231,000 of taxable income for married couples and approximately $196,000 for single filers. Read the rest of this entry »
Kiplinger Letter January 8, 2010 (The Kiplinger Letter)
Dear Client, A not-so-subtle shift in Washington... From Congress to executive agencies. They are picking up the pieces and taking action on issues important to businesses and individuals. In some cases, the motive is frustration. Officials are tired of waiting for Congress, which has a full agenda and perennial gridlock. A few agencies are pushing ahead to set the agenda to keep lawmakers from taking actions they oppose. Read the rest of this entry »
Kiplinger Letter January 1, 2010 (The Kiplinger Letter)
Dear Client, For the shaky U.S. economy in 2010... A year of transition and modest growth. The government will begin a careful withdrawal after pulling the economy back from the brink and spurring a recovery through massive intervention. Expect a very different landscape in a year. Government will still be an active player, but look for the economy to stand more on its own. Gone will be many of the emergency props put in place when fears of a depression reigned Read the rest of this entry »
Kiplinger Tax Letter December 23, 2009 (The Kiplinger Tax Letter)
Dear Client, Congress is leaving behind a big tax mess: Many key issues remain unresolved for now. Although the House approved extensions for a group of expiring tax breaks, the Senate got bogged down in debate over health care overhaul, preventing it from tackling other must-do bills before year-end. The gridlock could lead to a train wreck on taxes in 2010. Not only will unfinished business have to be taken care of, but Congress will be staring at another major deadline because the Bush tax cuts will expire at the end of the year if nothing is done. Read the rest of this entry »