Bloomberg's Debt Solution: Tax All TheStreet.com
"Number one, I think the president should literally go out there and say, 'this is what I propose: A, B, C and D,' and I think that should be a combination of revenue enhancements and expense cuts," Bloomberg said. "The easiest thing to do or the fairest thing to do is [tax] a small percentage on everything." Bloomberg argued that politicians shouldn't decide if one class of people has too much or too little money; instead, he said that taxes should be raised 1% or 2% for all citizens. The mayor's comments were in stark contrast with President Barack Obama's call for tax hikes on America's richest millionaires, billionaires and corporate jet owners to generate revenue. The mayor addressed spending cuts more ambiguously, as he said that military, Medicare and Medicaid reductions were necessary to reduce debt. "The practicality of getting something done where you pick and choose will tie us up forever," Bloomberg said. "You will never get it done, and the easiest way and the most practicalThe Debt Solution: Tax Hollywood and Volvos?
Debt default? Higher taxes? More deficits? No matter how you look at it, the United States faces some tough budget choices. Megan McArdle of ...
tax debt solution - News
Amid crisis, Calif. GOP pushes for spending cap - San Jose Mercury News
LAistAmid crisis, Calif. GOP pushes for spending cap If state revenue exceeds that in a given year, they want the money funneled to a rainy day fund or used to pay down debt. "Of singular importance is budget Video: Jones: Governor's Speech Short On Substance Economist: World's 8th-biggest economy nears fiscal oblivion State on brink of 'cash abyss, report warns
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New Stimulus Plan May Help VARs - Commentary - Channel Insider
Boston GlobeNew Stimulus Plan May Help VARs - Commentary For solution providers, opportunities will increase in the second half of 2009 with additional funds being available to schools, health care institutions Obama's Old Solutions for a New Economy Morning Bell: The Borrowing Bailout Parade Must End
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Schumer outlines solution for tuition costs - Herkimer Evening Telegram Schumer outlines solution for tuition costs Referring to a college education as a “ticket to financial stability [and also] a ticket to massive debt,” he outlined a bill aimed at easing the burden on |
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California delays paying income tax refunds, making other payments - Central Valley Business Times California delays paying income tax refunds, making other payments He says he’s delaying certain payments to make sure the state has enough money to meet its mandated obligations, such as payments to public schools, debt State to issue IOU's to businesses, taxpayers |
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Perfect Storm: New Tax Laws, Unstable Economy Highlight Need to ... Debt Relief - With foreclosures also increasing, H&R Block tax professionals can explain a tax relief opportunity available to homeowners who have had home |
