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Payroll Tax

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U.S. Congressional Budget Office Warns Of Worse Economic Wreckage From “Fiscal Cliff”

via David Lawder, Reuters Massive U.S. government spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution, the Congressional Budget Office warned on Wednesday. Without action by Congress to avoid a “fiscal cliff,” Americans should expect a “significant recession” … Continue reading

Trump Registers As An Independent, Keeping Door Open To White House Run

via Rachel Leven, The Hill Donald Trump changed his voter registration Thursday to Independent, his special counsel confirmed to The Hill. “[Trump registered] in order to preserve his right to run as an Independent after the finale of ‘The Apprentice’ in May, if he is not satisfied with whom the candidate is,” Michael Cohen told … Continue reading

Obama’s Jobs Bill Falls To Pieces In Congress

President Barack Obama’s job-creation package effectively fell to pieces on Monday as a top Republican lawmaker said the House of Representatives will only pass portions of the $447 billion measure. As Obama continued to press lawmakers for a vote on his signature legislation, Representative Eric Cantor, the No. 2 House Republican, said that was not … Continue reading

Obama Pitches Jobs Bill In Weekly Address, GOP Wants Fewer Government Regulations

The White House and congressional Republicans just can’t agree on the best prescription for the economy, with President Barack Obama demanding passage of his $447 billion jobs bill and the GOP pushing to cut government red tape. Both efforts, the focus of competing radio and Internet addresses Saturday, face little chance of success as all-or-nothing … Continue reading

Republican Leaders Oppose Most Of Obama’s Jobs Plan

House Republican leaders came out against nearly all the major proposals in President Obama’s $447 billion job-creation plan Friday, including his middle-class tax cuts and his approach to federal spending on transportation and school construction. In a memo to all House Republicans, the GOP leaders said cutting payroll taxes through 2012 would lead to a … Continue reading

Obama Offers Jobs Bill, And The G.O.P. Balks

President Obama sent his jobs bill to Congress on Monday, urging lawmakers to put aside “political games” and pass the $447 billion plan meant to increase hiring as the government struggles to curtail persistent high unemployment. But just two hours after Mr. Obama, flanked by firefighters, construction workers and teachers in the Rose Garden, waved a copy … Continue reading

Obama Will Submit His Jobs Plan To Congress Monday

President Barack Obama will take to the Rose Garden on Monday to make a pitch for his jobs creation plan and announce he is sending it to Congress later that evening, the White House said. Obama will be joined by teachers, veterans, small-business owners and others who would benefit from the American Jobs Act’s passage, … Continue reading

G.O.P. Is Cautious In Jobs Response

Armed with worrisome poll data and seeking to maintain the legislative upper hand, Congressional Republicans who have spent the balance of the year pouring buckets of criticism on the Obama administration are shifting to a more restrained approach as they ponder how to respond to the president’s jobs plan. Back from a summer break in … Continue reading

Obama Jobs Plan: Women Pleasantly Surprised

While men lost more jobs in the recession than women, women have been slower to recover, losing nearly 300,000 jobs since the economic “recovery” began in 2009. Some women’s organizations were concerned that President Obama’s jobs plan was going to focus on boosting male-dominated industries, such as construction and manufacturing, to the exclusion of the … Continue reading

Obama Calls For Quick Action On Latest Jobs Plan

President Barack Obama on Thursday urged Congress to quickly enact a package of tax cuts, infrastructure projects and other spending programs that he characterized as bipartisan. In an address to a joint session of Congress, Obama unveiled his $447 billion jobs plan, which also includes new spending for teachers’ pay, school construction and tax reform. … Continue reading

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