Congress is preparing to raise the Federal debt ceiling by a whopping $1.8 trillion. According to the Congressional Budget Office, the government will need to borrow $3 trillion for the two years 2009 and 2010.
States and localities are facing budget shortfalls and unemployment rates not seen since the recession of the early 1980s. How elected officials choose to solve their budget problems will determine whether economic growth and jobs return to a state or locality or whether residents decide to vote with their feet and move to greener pastures.
For conservatives, the magic number in this election may not be 44, as in who will be the 44th President, but arguably 41, as in the minimum number of Republican Senators necessary to sustain a filibuster and stop the liberal Democratic majority from passing whatever bill it wants.
Now that Congress has approved the Bush-Paulson financial stabilization plan, Senator John McCain has an opportunity to refocus his Presidential campaign, and get back on the political offensive by pounding Senator Obama on the tax issue.
Employment-based immigrants contribute greatly to America, although you would not know it from the way current U.S. policy treats them.
Today's Internet is an exciting and ever-evolving engine of phenomenal technological growth for our digital economy. The Internet also knows no political boundaries.
Lost in the hoopla over Ways and Means Chairman Charlie Rangel’s “Mother of All Tax Reforms” to repeal the Alternative Minimum Tax and reduce the corporate tax is the plan’s punitive tax increases on small businesses – especially small and closely-held exporting firms.
Over the past few months, Giuliani has attempted to make the case that he is the strongest economic conservative in the race. However, FactCheck.org has pointed out that Mayor Giuliani's record on taxes isn't as conservative as advertised.