Before the GOP power surge on Tuesday, President Obama had steadfastly refused to consider extending the Bush tax cuts — due to expire at the end of the year — for America’s wealthiest taxpayers. Now, he says he’s willing to …
The U.S. Treasury Department will issue the second-largest quantity of debt ever for the fourth quarter of this calendar year. However, the quality is less than previously forecast because of a higher-than-expected government c…
Introducing a value-added tax would cost the American economy 850,000 jobs in its first year, according to the National Retail Federation.
Policymakers are considering a VAT as a possible way to reduce the federal deficit, which is currently at its highest as a share of GDP since World War II.
The new tax would be bad news for retailers across the country, as it would raise the…
Continue reading VAT Would Put 850,000 People Out of Work: Industry Group
VAT Would Put 850,000 People Out of Work: Industry Group originally appeared on DailyFinance on Thu, 14 Oct 2010 07:07:00.
Filed Under: Company News, Taxes, Retail
The U.S. fiscal deficit is “scary” and the government should slash entitlement spending, former Federal Reserve Chairman Alan Greenspan said.
“We’re involved in a dangerous game,” Greenspan said, according to Bloomberg News.
The deficit may be a factor in low investment by U.S. companies, as it creates uncertainty about tax policies, Greenspan said in an opinion article for the…
Continue reading Greenspan Says U.S. Deficit Is ‘Scary’
Greenspan Says U.S. Deficit Is ‘Scary’ originally appeared on DailyFinance on Fri, 08 Oct 2010 08:06:00.
The federal deficit will amount to the equivalent of approximately 10% of U.S. gross domestic product for the fiscal year, which ended Sept. 30, according to a Treasury official. That’s about the same percentage as the previous…