BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[This U.S. administration may have a strong dollar policy . . . and actually mean it]]>http://www.bloggingstocks.com/2009/02/09/this-u-s-administration-may-have-a-strong-dollar-policy-and-a/http://www.bloggingstocks.com/2009/02/09/this-u-s-administration-may-have-a-strong-dollar-policy-and-a/http://www.bloggingstocks.com/2009/02/09/this-u-s-administration-may-have-a-strong-dollar-policy-and-a/#commentsFiled under: , ,

The previous U.S. presidential administration preached a great deal about a 'strong dollar policy.'

Unfortunately, almost no actions practiced by the administration supported that goal.

Concerning the federal budget, a decade of deficits has really hurt the dollar's value. A $1.3 trillion tax cut in 2001 ended the balance budget era of the late 1990s, and subsequent increases in defense spending for the Iraq and Afghanistan Wars -- combined with a lack of a tax increase to pay for that additional spending -- soon led to +$200 billion budget deficits. After swelling to $300 billion, the bank bailout and related legislation would push the deficit over $500 billion, according to the Congressional Budget Office, and it's projected to top $1 trillion this year and in fiscal 2010.

Continue reading This U.S. administration may have a strong dollar policy . . . and actually mean it

This U.S. administration may have a strong dollar policy . . . and actually mean it originally appeared on BloggingStocks on Mon, 09 Feb 2009 15:18:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>British poundbudget deficitcorporate tax ratedollareuroObama administrationtrade deficitMon, 09 Feb 2009 15:18:00 EST<![CDATA[Bush-Rangel compromise possible on hedge fund/AMT bill]]>http://www.bloggingstocks.com/2007/10/26/bush-rangel-compromise-possible-on-hedge-fund-amt-bill/http://www.bloggingstocks.com/2007/10/26/bush-rangel-compromise-possible-on-hedge-fund-amt-bill/http://www.bloggingstocks.com/2007/10/26/bush-rangel-compromise-possible-on-hedge-fund-amt-bill/#commentsFiled under: , ,

Beltway Banter: The quick, initial read regarding U.S. Representative Charles Rangel's (D-New York) hedge fund/buy-out firm tax bill introduced Thursday is that the measure, as composed, would produce a certain veto from President Bush, but that the Bush Administration may be willing to work on a revised Rangel measure.

A revised bill, provided it successfully snakes its way through the U.S. Senate, may be legislation President Bush can work with, as a way to solve the alternate minimum tax issue. Designed to prevent wealthy Americans from paying no tax via tax shelters, the AMT -- due to inflation -- applies to a larger number of upper-middle-income Americans each year. Without an AMT patch, 21 million households will be obligated to pay the alternate minimum tax.

U.S. Rep. Rangel's measure would more than double the tax rate on carried interest, the executive compensation at buy-out and venture-capital firms, and would require hedge-fund managers to pay tax on income they defer in offshore accounts, among other bill features.

U.S. Rep. Rangel calls his bill "the mother of all tax reforms." Republican leaders disagree. In a statement, they called the bill, "the mother of all tax hikes" and assert that the bill would raise taxes by $1 trillion over a 10-year span, Reuters reported. Rep. Rangel countered by saying that U.S. Treasury Secretary Henry Paulson had recommended the business tax changes.

Continue reading Bush-Rangel compromise possible on hedge fund/AMT bill

Bush-Rangel compromise possible on hedge fund/AMT bill originally appeared on BloggingStocks on Fri, 26 Oct 2007 08:55:00 EST. Please see our terms for use of feeds.

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