Tag Archives: United States Congress

The Proposed Tax Changes

The Proposed 2013 Tax Changes Are Only Weeks Away

(SXXW28G5BWN3) The powers that be are still trying to work out how they can forestall the fiscal cliff but everyone should be prepared for the consequences.

English: President Barack Obama speaks to a jo...

English: President Barack Obama speaks to a joint session of Congress regarding health care reform (Photo credit: Wikipedia)

The Congress and President Obama are wondering how they can ward off the impending fiscal cliff, in a matter of days the tax cuts that were implemented by Bush will come to an end and spending will be slashed as the year comes to an end, no … Read more at 2011 Taxes.

After Fierce Contention Over Payroll Tax, GOP Plays Offense To Dems.

With reputations damaged after payroll tax cut squabbles, Republicans in congress fight to change topics by emphasizing job creation. Pushing legislation that would bring jobs to the suffering economy, the GOP contends that bills promoting energy and transportation services, as well as lowering business tax and promoting capital, will reinvigorate the weak job market.

On the other hand, Democrats fight to retain control by forcing the Republican vote on needed programs paid for by tax hikes on the highest wage earners, in an election year nonetheless.

Both legislative positions emphasize political strategy drawn from the fight over payroll. The battle … Read more at 2011 Taxes.

Buffett Calls for Super Rich to Pay their Way

Warren Buffett has once again called for the Super Rich to be made to pay more taxes by Washington. Writing in an editorial piece for the New York Times Buffett declares that it is time the super rich played their part in the needed ‘shared sacrifice’ of our times and called for Congress to increase taxes on ‘millionaires and billionaires.’

In a passionate and persuasive editorial he points out that while most poor and middle class Americans are struggling, the mega-rich continue to enjoy incredible tax breaks. He notes that people like investment managers, who earn billions of dollars, are … Read more at 2011 Taxes.

Do Your Own Taxes To Affect Tremendous Personal Economic Recovery

Anatomy of a Debt Reduction Deal:  Five Money Moves to Make Right Now

What’s next? If you have found yourself deeply confused about how a recent debt reduction deal will likely affect your wallet, you have plenty of company.

The small writing displayed upon the contract form often induces more questions than answers. Nearly all discretionary expenditures of the US Government are slated for drastic reduction during the next decade or so. Defense costs are an especially burdensome budgetary item that is overdue to be slashed dramatically. The legislative proposal currently pending before Congress would free up an estimated total … Read more at 2011 Taxes.