Forums: Tax System In The People/'s Republic Of China

Small businesses feel squeezed by Obama policies By V. Dion Haynes Washington Post Staff Writer Monday, September 6, 2010; 12 Last year, even as he struggled through the worst of the recession, Chris Upham said revenue at his District-based real estate and construction businesses doubled -- allowing him to hire two agents. But Upham said he hasn't increased his staff thus far in 2010 and he doesn't expect to for the remainder of the year. That's because his taxes rose sevenfold. And he said he anticipates they'll increase again if the Bush tax cuts for people earning $250,000 and above...

President Obama will ask Congress to pass a $100-billion plan to expand and permanently extend the tax credits for businesses that invest in research and development, part of a larger plan for spurring the economy that he is to unveil in greater detail Wednesday. In an address at a Cleveland-area community college, Obama will call for an increase to 17% from 14% in one of the credit options available to businesses, an administration official said Sunday. Obama will propose paying for the plan in part by closing corporate tax breaks for multinational corporations and some energy companies. The president will...

Barack Obama obviously wanted to be President of the US. Unfortunately, Obama wants none of the responsibilities of the office. The buck is always stopped somewhere else, usually at the doorstep of George Bush. Obama blames George Bush for everything ad nauseum, recently extending the blame period from "the last eght years" to "the last ten years." For the moment we'll ignore that the economy went into the tank only after Democrats took office. We'll ignore the fact that Barack Obama was a US Senator from 2005 to 2009. We'll ignore the fact that Obama did absolutely nothing to rectify...

(Adds details) WASHINGTON, Sept 5 (Reuters) - President Barack Obama will ask the U.S. Congress on Wednesday to increase and permanently extend a tax credit for business research as a way of boosting job growth, an administration official said on Sunday. The proposal would cost $100 billion over 10 years, and Obama would pay for the plan by closing other corporate tax breaks, said the official, who spoke on condition of anonymity. Obama will call on Congress to increase to 17 percent from 14 percent one of two credit options available to businesses, the official said.

PAUL Hogan is free to leave Australia after striking a deal with the tax office that included the lifting of his Departure Prohibition Order. The veteran actor agreed to provide a "security" that would allow him to return to the US and reunite with his family, wife Linda Kozlowski and son Chance. As Hogan makes good his departure, he knows the stakes have never been higher in the fight to beat the authorities that form Project Wickenby, the nation's $300 million tax fraud investigation. When banned from leaving Australia two weeks ago, on the eve of his mother's funeral, Hogan...

The White House is considering a push for hundreds of billions of dollars in new stimulative spending, focusing on business tax cuts including a temporary cut in payroll taxes. In part, this is good policy. In part, it's necessary policy. Anne Kornblut and Lori Montgomery quote an unnamed Democratic strategist complaining that the White House has let the issues get away from them in advance of November's election. "'We did the mosque, Katrina, Iraq, and now Middle East peace?' said a Democratic strategist who works closely with multiple candidates and spoke on the condition of anonymity. 'And in between you...

RUSH: Sarah Palin was not finished. On Fox News Sunday, she said it was "idiotic" to let the Bush tax cuts expire. An interesting piece today in Newsweek magazine. Fareed Zakaria has a piece and E.J. Dionne -- no, it's not E.J. Dionne. Well, it might have been last week, but you know, the subject of whether the Bush tax cuts should sunset -- should expire in December or be extended for everybody -- is now the topic de jour. And it's fascinating to read both sides of this. I mean, there is literally no argument, no debate if you're...

“It is possible for us to get a financial tax around the world.”

The big strategy for Democrats in the midterms is to run against George W. Bush, even though he hasn’t been President for almost two years. Nancy Pelosi and Harry Reid hope to use a little misdirection away from their failed economic policies by claiming that Bush policies were so bad that Democrats couldn’t fix them. However, the centerpiece of Bush’s economic policies were the 2001 and 2003 tax cuts that will expire at the end of the year, and now Democrats want to extend at least some of them, and perhaps all of them, in order to keep from making...

The President has signed into law the Firearms Excise Tax Improvement Act of 2010 (H.R. 5552). The bill passed the House of Representatives at the end of June by a vote of 412-6 and on August 5 it cleared the Senate by unanimous consent. This important legislation corrects a longstanding inequity in the Internal Revenue Code by permitting firearm and ammunition manufacturers to pay the federal excise tax payment on a quarterly basis, just as other industries that support conservation through a federal excise tax do. Currently, firearms and ammunition manufacturers pay this tax on a bi-weekly schedule, forcing many...