Symbolic victory ahead
Boehner/McConnell will take on the Obama Administration through 2016.
Yes and no.
A step in the right direction.
Here’s what’s wrong with Washington: If it doesn’t negatively impact K Street, nothing’s going to change. Unfortunately, all too many of our biggest obstacles to recovery benefit K Street.
Three more success stories for Stocks in the News!
A few years after the global economy emerged from the economic crisis of 2008, commodity prices began to surge, thanks to ongoing robust demand from China. Chief financial officers at mining firms quickly realized that firm commodity prices implied robust future profit streams, and a broad range of new mining projects were put into motion.
Anecdotal reporting indicates that the Muslim Brotherhood's tactic of sacrificing bodies to generate public support is not working. Most reports relate views that the Brotherhood is getting what it deserves.
There has been a war against business but the big boys with $2.0 trillion offshore and armies of lobbyists are weathering it better than Main Street. So it's no surprise that while the new tax proposal would eventually lower corporate taxes to 28% from 35% that only covers 2 million of 32 million businesses. The rest would pay at least 39.6% while the more successful are looking at 43.4% (Medicare tax 3.8% plus high individual rate 39.6%).