Representatives scurried back to Washington from their summer recesses to do what they do best: spend. Speaker Nancy Pelosi (D-CA) ordered the rare one-day emergency session to vote on a $26.1 billion bill to bail out state governments. The legislation passed the Senate last Thursday, after the House already broke for recess. Pelosi and herRead more about American people believe that more federal spending is the wrong solution.[…]
We need to become a beacon for capital across the globe. It is doubtful that raising taxes will entice capital to flow to the USA.
The cuts lowered tax rates across the board on income, dividends and capital gains; eventually eliminated the estate tax; further lowered burdens on married couples, parents and the working poor; and increased tax credits for education and retirement savings. Obama’s proposal would extend most of these reductions, allowing only those for individuals making more thanRead more about Bush Tax Cuts[…]