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NEWS
Thomas F. Schaller | October 2, 2012
If a politician rose in the well of Congress to urge his colleagues to take action to repel the recent Martian attack, he'd be laughed out of office and strongly encouraged to get his head examined. Pondering solutions to imaginary problems is public policy insanity. So I ask: Given that the threat of socialism swallowing America is as imaginary as a Martian invasion, why aren't politicians and television pundits who warn that something must be done to reverse redistributive welfare in the United States also treated with dismissive ridicule?
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NEWS
By Peter Morici | September 10, 2012
The economy added 96,000 jobs in August, down from 141,000 in July and not nearly enough to keep pace with population growth. The unemployment rate fell to 8.1 percent only because 581,000 workers quit looking for work and are no longer counted in the tally. In the weakest recovery since the Great Depression, the entire reduction in unemployment from its 10 percent peak in October 2009 has been accomplished through a significant drop in the percentage of adults participating in the labor force - either working or looking for work.
NEWS
September 8, 2012
Perhaps it was the expectations raised by his far more eloquent appearances at earlier conventions, or maybe it was the modest ambitions he embraced, or that he labored in the shadow of Bill Clinton's rousing defense of his administration, but even the most hard-core Democrat would have to concede that President Barack Obama's acceptance speech to his party's national convention was neither especially memorable nor ambitious. If the message of the Republican National Convention can be distilled to, as Mr. Clinton memorably described it, "we left him a total mess, he hasn't cleaned it up fast enough, so fire him and put us back in," then perhaps the Democratic National Convention might be boiled down to "we're doing the best we can with this mess so be patient, and, oh, by the way, that other guy would be a lot worse.
NEWS
September 1, 2012
I keep hearing the Republican mantra that we need to reduce taxes, especially on the super rich. That's why they keep extending the Bush tax on them. They say that with these lower taxes on the top 2 percent, money goes back into the economy, businesses thrive, and as a result more jobs are created. If this is true, why am I not seeing the results of more jobs being created? David Gosey, Towson
NEWS
By Annie Linskey, The Baltimore Sun | August 13, 2012
A key House committee voted Monday night to guarantee deeper tax breaks for some Maryland casino operators, the most significant change so far to Gov.Martin O'Malley's gambling bill. The gambling expansion measure, as amended by the Ways and Means Committee, was expected to move to the floor of the House of Delegates for debate Tuesday. Among other changes, the Maryland Live casino at Arundel Mills would see its tax rate cut from the current 67 percent to 51 percent over the next couple of years - with an option to bring it down to 49 percent if an independent commission agreed.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | August 12, 2012
Here we are less than six months away from the "fiscal cliff" and Congress shows little sign of pulling the country back from the brink. The fiscal cliff is the result of the Bush-era tax cuts expiring at year's end combined with $1.2 trillion in mandatory federal spending reductions set to begin next year. If Congress doesn't act and lets these events unfold, economists say, the country will be thrown back into a recession. But, level-headed readers might ask, won't lawmakers rush to prevent this from happening?
NEWS
August 3, 2012
I find it amusing that The Sun claims the bill passed by the GOP-led House extending the Bush-era tax cuts are merely "symbolic" - presumably because the writers at The Sun know the bill will never pass the Democratically held Senate ("GOP pushes symbolic tax bill through House, Aug. 2). Yet when the Senate passed its version of the bill, which extends the Bush tax cuts except on those making over $200,000 a year, it wasn't considered symbolic, even though there was just as much certainty that the Senate bill would be voted down in the House.
NEWS
By Robert B. Reich | August 1, 2012
The worst economy since the Great Depression, and you might think at least one of the candidates would come up with a few big ideas for how to get us out of it. But you'd be wrong. Neither candidate wants to take any chances by offering any large, serious proposals. Both are banking instead on negative campaigns that convince voters the other guy would be worse. President Obama has apparently decided against advancing any bold ideas for what he'd do in the second term, even if he has a Congress that would cooperate with him. He's sticking to a worn script that says George W. Bush caused the lousy economy, congressional Republicans have opposed everything he's wanted to do to boost it, it's slowly on the mend anyway, the Bush tax cuts shouldn't be extended for the rich, and we shouldn't take a chance electing Mitt Romney.
NEWS
July 16, 2012
Sure is encouraging to hear Senate Democrats supporting reducing taxes for small businesses by $29 billion until you realize they want to cut taxes for only those businesses that hire new workers, or give their current workers raises, or invest in new equipment this year. They believe this will encourage businesses - especially small ones - to hire again. Not likely. From the fourth quarter of 2007, when the recession officially began, to the end of 2009 (official end of the recession)
NEWS
July 16, 2012
Although expensive, there's virtual unanimity that extending most of the Bush tax cuts through 2013 for everyone (yes, everyone) will help individuals, families, job growth and the economy ("Political tactics, not leadership," July 11). The squabbles in Washington are about political spin and special interests, the squabbles outside Washington have more to do with misunderstanding and misinformation. While there's legitimate debate over the amount, duration and allocation of any tax break, President Barack Obama has proposed a simple income tax benefit for every taxpayer regardless of whether that person is in the 1 percent or the 99 percent.
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