Obama to back more business tax breaks
Posted by admin / Under Business Startup
President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections. An administration official said the tax breaks would save businesses $200 billion over two years, allowing companies to have more cash on hand. The president will outline the proposal during a speech on the economy in Cleveland Wednesday. Amid an uptick in unemployment to 9.6 percent,...
Published on Tuesday 7th of September 2010 12:40:26 PM
Obama to Propose Massive Tax Breaks for Businesses to Invest in Growth
Posted by admin / Under Business Startup
President Obama, in one of his most dramatic gestures to business, will propose that companies be allowed to write off 100 percent of their new investment in plant and equipment through 2011, a plan that White House economists say would cut business taxes by nearly $200 billion over two years. The proposal, to be laid out Wednesday in a speech in Cleveland, tops a raft of announcements, from a proposed expansion of the research and experimentation tax credit to $50 billion in additional spending on roads, railways and runways. But unlike those two ideas, both familiar from Obama's 2008 campaign,...
Published on Tuesday 7th of September 2010 12:40:26 PM
Of course businesses are hoarding cash; they’d be crazy not to
Posted by admin / Under Business Startup
According to the Federal Reserve, businesses are hoarding about $1.8 trillion in cash. There are three reasons for that phenomenon. It’s their money. It’s their money. And it’s their money. It’s their money to pay down debt. It’s their money to pay dividends to their stockholders. It’s their money to make an acquisition, or save some reserves in case the economy gets worse. In all likelihood the economy is going to get worse. It’s also their money to burn at the company picnic if they choose. But the White House and liberals want businesses to just spend it to create...
Published on Tuesday 7th of September 2010 12:40:26 PM
Keeping It Real: Obama's $250,000 Fallacy
Posted by admin / Under Business Startup
Legalized RobberyCollecting more taxes than is absolutely necessary is legalized robbery. ~ Calvin Coolidge By: Larry Walker The question of the day: Why is making $250,000 a year suddenly considered wealthy? The Obama's made $5.5 million last year. Is that wealthy?Contrary to popular belief, $250,000 in 2010 had the same buying power as $20,722 in 1926. Annual inflation over this period was 3.01%. An income of $250,000, adjusted for inflation, would have placed a taxpayer in an 11% tax bracket in 1926. In order to have been considered in the top tax bracket back then, in today's dollars, would have...
Published on Tuesday 7th of September 2010 12:40:26 PM
Obama to call for $100 billion business tax credit (permanent extension of R&D tax credits)
Posted by admin / Under Business Startup
Under mounting pressure to intensify his focus on the economy ahead of the midterm elections, President Obama will call for a $100 billion business tax credit this week, using a speech in Cleveland on Wednesday to launch what administration officials said was a new policy push. The business proposal - what one aide called a key part of a limited economic package - would increase and permanently extend research and development tax credits for businesses, rewarding companies that develop new technologies domestically and preserve American jobs. It would be paid for by closing other corporate tax loopholes, said the official,...
Published on Tuesday 7th of September 2010 12:40:26 PM
White House considers payroll tax holiday
Posted by admin / Under Business Startup
The White House is considering a push for hundreds of billions of dollars in new stimulative spending, focusing on business tax cuts including a temporary cut in payroll taxes. In part, this is good policy. In part, it's necessary policy. Anne Kornblut and Lori Montgomery quote an unnamed Democratic strategist complaining that the White House has let the issues get away from them in advance of November's election. "'We did the mosque, Katrina, Iraq, and now Middle East peace?' said a Democratic strategist who works closely with multiple candidates and spoke on the condition of anonymity. 'And in between you...
Published on Tuesday 7th of September 2010 12:40:26 PM
Going Places - Fun Facts About American Business
Posted by admin / Under Business Startup
Our video of the day is "Gong Places - Fun Facts About American Business," please share this with your kids because I guarantee they are not learning this in school.
Published on Tuesday 7th of September 2010 12:40:26 PM
Intel CEO: Things Need to Change in the U.S.
Posted by admin / Under Business Startup
Intel's Paul Otellini predicts that the "next big thing" won't happen in the States unless government policies change. ZoomMonday night Intel CEO Paul Otellini warned government officials that the U.S. will face a huge tech decline if government policies are not altered. In fact, the "next big thing" won't be invented here in the States, and jobs will be created outside our borders. The warning was part of his observations about the Obama administration and the nation's economy during dinner at the Technology Policy Institute's Aspen Forum. He took aim at the U.S. legal environment, claiming that its become so...
Published on Tuesday 7th of September 2010 12:40:26 PM
Why Wall St. Is Deserting Obama
Posted by admin / Under Business Startup
A registered Democrat, Mr. Loeb has given and raised hundreds of thousands of dollars for Democrats. So it came as quite a surprise on Friday, when Mr. Loeb sent a letter to his investors that sounded as if he were preparing to join Glenn Beck in Washington over the weekend. ...some of the president's biggest supporters have so publicly derided his policies, even at the risk of hurting their ability to influence the party in the future
Published on Tuesday 7th of September 2010 12:40:26 PM
Follow the Money: Could Mayor Bloomberg’s Media Business Interests in the Middle East Have ..
Posted by admin / Under Business Startup
Call us cynical but we wonder whether Mayor Michael Bloomberg’s passionate backing of the building of a controversial mosque near Ground Zero stems as much from Bloomberg’s belief in America’s “freedom of faith” as it might from the Mayor’s belief in the “virtues of Islamic finance?” Does the Mayor’s unshakable support have anything to do with The Bloomberg (company) becoming a ‘single provider of information that caters to the Islamic business market’? A Bloomberg five-year business plan for an Islamic finance portal via a Bloomberg hub at the Dubai International Financial Centre (DIFC) is already a reality.
Published on Tuesday 7th of September 2010 12:40:26 PM
Jobless Claims 8/26
Posted by admin / Under Business Startup
So says the DOL: In the week ending Aug. 21, the advance figure for seasonally adjusted initial claims was 473,000, a decrease of 31,000 from the previous week's revised figure of 504,000. The 4-week moving average was 486,750, an increase of 3,250 from the previous week's revised average of 483,500. Notice the revision - revised up 4,000. So yeah, it was down, but not as much. But again, I'm interested in everyone on these programs, and here the trend is decidedly the wrong way:
Published on Tuesday 7th of September 2010 12:40:26 PM
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