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With Eye to 2010 Election, Dems Prepare to Raise U.S. Borrowing Limit by Nearly $2T
Congress is poised to lift the federal borrowing limit by as much as $1.8 trillion before the end of this year, a number large enough to avoid revisiting the matter next year when Democrats will have to defend their majority in midterm elections.
House votes to extend $31 billion in expiring tax breaks
By STEPHEN OHLEMACHER WASHINGTON - The House voted Wednesday to extend $31 billion in popular tax breaks, including an income tax deduction for sales and property taxes that Texans have fought for years to preserve, to be financed with a tax increase on investment fund managers and a crackdown on international tax cheats.The 45 tax deductions ...
House Passes R&D Tax Credit Extension
The U.S. House of Representatives on Wednesday voted to pass a bill containing an extension of a US$7 billion research and development tax credit, but supporters of the tax incentive said they were unsure when the U.S. Senate would take action.
Us R&D tax credit is a windfall for companies
Much of a $6 billion annual tax break for US corporate research is a windfall for companies that would do the research even without such a subsidy, the investigative arm of Congress says.
Is this good news or bad news ? A new Rasmussen poll suggests that the Tea Party movement is far and away more popular than the Republican Party it seeks to influence -- so much so that if it were a full-fledged political party, it would overtake the GOP on the generic Congressional ballot.
The title is "Texas Tough." The spot opens with Hutchison in an ag setting, shaking hands with farm and ranch types.
U.S. Says TARP Costs $200 Billion Less Than Forecast, Helping Cut Deficit
The Obama administration expects the cost of the Troubled Asset Relief Program to be $200 billion less than projected, helping to reduce the size of the budget deficit, a Treasury Department official said yesterday.
House democrats push through $1.2 trillion health care takeover
WASHINGTON, D.C. In the moments after House Democrats narrowly passed a major reform of the nation's health care system, U.S. Congressman Kevin Brady issued the following statement: "As a parent and a taxpayer I don't believe bigger government means better heath care.
Group's goal: Replace every member of Congress
Thousands of people are working together in an effort to replace every single member of Congress.
The U.S. unemployment rate dropped in November, while the nation's economy lost the fewest jobs since 2007.
Congress shifts attention to estate tax repeal
The U.S. House of Representatives voted to prevent the federal estate tax from expiring on Dec.
House votes to preserve inheritance tax
The House of Representatives on Thursday voted to make the current estate tax rate permanent--just weeks before the tax was slated to expire for a year.
House votes to extend tax on wealthy estates
The House has voted to permanently extend a 45 percent inheritance tax on estates larger than $3.5 million, canceling a one-year repeal of the tax set to begin next month.
Estate Tax Debate to Begin in U.S. House Amid Clash on Size of Exemption
The U.S. House of Representatives begins debate today on the soon-to-expire federal estate tax, the focus of a partisan battle over how much the government should claim from fortunes bequeathed by multimillionaires.
Letters: Brady's record questioned
Regarding "He doesn't like numbers he crunches; Low-key Brady has become vocal about economy" , so U.S. Rep.
NetRight Daily: Climate-Gate, SEIU, Geithner and Honduras
Climate-Gate Emails Release by Whistleblower : After reams of information were posted on a Russian server detailing the inner workings at the highest -- and highest-compensated -- levels of what's called "climate science," many of us in the "skeptic" community were reminded of one phrase: "Told you so." Geithner Must Go! : Last week, two members of ...
Tresaury Secretary Geithner Under Fire
Despite recent calls for him to resign coming from both the right and the left, Treasury Secretary Tim Geithner isn't likely to lose his job.
And the Next Treasury Secretary Is...?
After his combative performance on Capitol Hill two weeks ago, Treasury Secretary Timothy Geithner's hold on the reins of the U.S. economy has been the subject of much speculation.
Woodlands congressman a star after speaking out on economy
U.S. Rep. Kevin Brady's run-in with Treasury Secretary Timothy Geithner brought him national recognition.
Geithner is now 'Mr. Recession'
Justified or not, Treasury Secretary Timothy Geithner has become the whipping boy for everything that's wrong with the economy.
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