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Administration Rolls Out New Tax-Shelter Curbs
Crooks and Liars —
This is quite interesting , not the least for the reason that the administration kept it under wraps. Guess they're anticipating the howls of pain from those high-rollers anticipating their tax increases! WASHINGTON — President Obama presented a far-reaching set of proposals on Monday that are aimed at the tax benefits enjoyed by companies and wealthy individuals harboring cash in offshore accounts. These steps, he said, would be the first in a much broader effort to fix a “broken tax system.” Mr. Obama made the announcement in the Grand Foyer of the White House, standing ...
Monday's Mini-Report
Political Animal —
MONDAY'S MINI-REPORT.... Today's edition of quick hits: * The CDC believes the current trends on the H1N1 virus are " encouraging ," at least for now. * President Obama is targeting off-shore tax havens . Republicans aren't happy about it . * The vulnerabilities in Pakistan's nuclear arsenal are more than a little terrifying. * The Boston Globe 's future is very bleak , but no official word yet on whether it'll survive the rest of the month. * The White House says it doesn't plan on asking Congress for any more bank bailout money. * ...
we shouldn't worry about those somalia pirates
skippy the bush kangaroo —
... ...the top corporate tax rate is 35 percent, but the treasury department estimated that in 2004, the most recent year for which data is available, american multinationals paid $16 billion in taxes on $700 billion in foreign income — an effective rate of 2.3 percent. - nytimes ...
The Early Word: Mideast Concerns
The Caucus —
... and Representative Eric Cantor of Virginia, the House minority whip — attended the conference’s gala banquet. Before his Wednesday meeting with the Mr. Obama and Mr. Zardari, Mr. Karzai is to deliver a speech on development in Afghanistan at the Brookings Institution. And, on the heels of South Africa’s recent election, F.W. de Klerk, a former president of that country, speaks at the National Press Club. Business Battles The president’s call for a crackdown on offshore tax havens stirred the ire of major commercial institutions from the get-go, and that ire unlikely to ease ...
Republicans Brand Obama's Proposal To Make Big Business Pay Their Taxes As "Rasing Taxes"
DownWithTyranny! —
... . The wealthiest and most powerful-- always campaign donors-- have spent billions of dollars to make sure they wouldn't have to pay taxes and to make sure the federal government's primary tasks would be to guarantee their continued primacy. This Obama feller isn't playing by their rules-- the ones they paid for. The hysteria that started yesterday was sparked by the gumption of this guy trying to force them to pay their taxes. God, you would have thought he just decided to change the name from "Congress" to the "People's Soviet!" What he did was ...
