President Obama says he wants big corporations, including oil companies, to pay their “fair share” in taxes. His deficit reduction plan includes eliminating what he calls special loopholes and subsidies for oil and gas companies—despite the fact that they’re not specific to the oil and gas industry but the broader …
Piracy off the Horn of Africa increases every year due to constant instability in the region. In 2008, 111 vessels were attacked. Since the beginning of 2011, there have already been 188 attacks. Every year worldwide piracy costs the shipping industry billions of dollars in rerouting, ransoms, and many other …
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe FACT CHECK: Are rich taxed less than secretaries? – Stephen Ohlechmacher, Associated Press Billionaire Backer Disputes Charges That Company Sought White House Help to Influence Testimony – James Rosen, FoxNews.com …
According to a new poll issued by Generation Opportunity and The Polling Company, Inc./WomanTrend, America’s young adults are looking at a bleak future as the unemployment rate remains at 9.1 percent. The poll indicates that almost three-quarters of young Americans ages 18 to 29 will postpone important life events associated …
Last week, the Senate Appropriations Committee decided to accept the Pentagon’s request for Medium Extended Air Defense System (MEADS) funding, which will allow the system to enter its “Proof of Concept” phase. The committee’s decision came because costs associated with the termination of the program are at least as high …
Which comes first: supply or demand? This question has serious policy implications, especially as President Barack Obama proposes $447 billion in additional stimulus spending in order to try to spur job growth in America. “Demand-siders,” also known as Keynesians (after influential economist John Maynard Keynes), insist that short-run economic fluctuations …
House Cloakroom: September 19 – September 23 Analysis: The two major items on the House floor this week with be the Continuing Resolution and the TRAIN Act. The Continuing Resolution would provide funding for the government through November 18th as Congress continues work on an appropriations package for the remainder …
Driving the conversation: No part of President Obama’s newly-unveiled deficit reduction plan has attracted more attention than the so-called “Buffett Rule” – mentioned in yesterday’s WIAF – which would bar individuals making more than a million dollars from paying a smaller share of their income in taxes than middle income …
