Posts Tagged ‘taxes

03
Mar
15

A Tweet Or Two

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02
Mar
15

A Tweet Or Two

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Sending you positive thoughts, GB. TOD is wrapping its arms around you

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“Apology.” After blaming Tamir Rice, a 12 year old child for his own murder. No concrete action. BS

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Another day, another horrifying case of police brutality

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Yet, she’s alive. Look at that

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Telling how the article used disarm an officer instead of reaching/grabbing for his gun

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Shame on the Democrats attending this farce

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Law and Order theme plays

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Fantastic authors. Get your reading on!

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I believe this is what is called a Jedi Mind Trick Fail

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The Simpsons win again in the prediction business

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KILLER RABBITS!!! The DEA guy really needs to put down the bong

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Obama Derangement Syndrome on blast :D

27
Feb
15

A Tweet or Two

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His last tweet. Just perfect. He gave joy to millions of people. May he rest in peace

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A legend lost. May he rest in peace

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Continue reading ‘A Tweet or Two’

16
Oct
14

The Deficit Is Falling? You Can Thank President Obama

Obama GOP

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Brett Logiurato: The Budget Deficit Just Fell To Its Lowest Level Under Obama

The US budget deficit fell to about $483 billion in fiscal year 2014, almost a $200 billion drop from the previous year and the lowest level of President Barack Obama’s six years in office. The US Treasury Department released the official figures on Wednesday, generally confirming figures released by the nonpartisan Congressional Budget Office last week. It’s the smallest deficit recorded since 2008.

FY2014 was the fifth consecutive year the deficit declined as a percentage of GDP. It is now an estimated 2.8% of GDP, a percentage that puts it below the average of the past 40 years. The Treasury’s figures chalked up the shrinking deficit to increased revenues from taxes and slowed growth in government spending. “It’s really a rise in revenues because of economic growth, because of the policies the president pursued, that we’ve made progress on the deficit,” said Shaun Donovan, the director of the Office of Management and Budget.

More here

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24
Jul
14

Income Inequality Is A Problem And President Obama Is Tackling It

Obama GOP

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Zachary A. Goldfarb: Don’t Think Obama Has Reduced Inequality? These Numbers Prove That He Has.

Today, the average after-tax income of a member of the top 1 percent of earners is $1.12 million. The average after-tax income of someone in the bottom 20 percent is $13,300. That means the average person at the top takes home 84 times the income that the average person in the bottom takes home. Now, consider what it would be like if none of President Obama’s tax policy changes had happened: not the upper-income tax hikes negotiated at the beginning of last year, not the upper-income tax increases imposed by the Affordable Care Act, not the low-income tax credits enacted in the 2009 stimulus and later renewed.

In this alternative universe, the average member of the top 1 percent would take home $1.2 million, or 6.5 percent more in income, according to a new analysis. The average member of the bottom 20 percent would bring home $13,100, or 1.2 percent less in income. As a result, the average member of the 1 percent would take home 91 times what the average person in the bottom would bring home. If you’ve wondered whether Obama has made any headway at reducing income inequality, here’s evidence that he has. Based on tax policy alone, he has slightly increased the income of the poor and more significantly reduced the income of the rich.

More here

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obama_sign_of_progress

24
Jun
14

President Obama’s Policies = Jobs! Jobs! Jobs!

POTUS Thumbs Up

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Paul Davidson: Local Government Hiring Picks Up

After laying off workers through most of the recovery, city and county governments are adding jobs at the fastest pace in five years, providing support for the economy’s overall payroll gains. Stronger economic growth is driving higher municipal revenue, allowing local governments to add police officers and firefighters, reopen shuttered parks and make long-deferred street repairs. “We’re beginning to see cities and towns coming out of the Great Recession,” says Neil Bomberg, a program director for the National League of Cities. Mark Zandi, chief economist of Moody’s Analytics, notes that total U.S. payroll gains have topped 200,000 each of the past four months.

Local governments are on more solid financial footing in part because of a gradual rise in home values that have boosted property tax collections, says Michael Pagano, dean of the college of urban planning and public affairs at the University of Illinois-Chicago. Earlier this year, Columbus, Ohio, passed an $807 million operating budget, its largest ever, that restores six recreation centers that had been open part-time to full-time status. The city’s finances have been stable since it raised its income tax to 2.5% from 2% in 2009, says Dan Williamson, spokesman for Mayor Michael Coleman.

More here

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