Friday, March 16, 2012

Economy - Taxes - #3734 - VIDEO: Paul Ryan - House Budget Trailer: America Deserves a Better Path - Hot Air (2) Billions in Tax Hikes Hidden in Obama's Budget - Heritage Foundation (3) Three in 10 Young Adults Live With Parents, Highest Level Since 1950's - CS Monitor (4) Poll: Vast Majority of Likely Voters Think Rich Pay Their Fair Share - Washington Free Beacon (5) Home Prices Fell in December in Most Cities - Yahoo Finance (6) The Hill Poll Shows Voters Want Lower Taxes - Hot Air (7) Dems Threatening Lobbyists Who Back GOP With Tax Retribution - Hot Air


Paul Ryan: House Budget Trailer: America Deserves a Better Path - No one who’s this honest about our fiscal nightmare will ever be elected president. Ryan knows that. I assume Mitch Daniels does too.Even so, Mark Hemingway calls this “the best presidential campaign ad of 2012.” Dude, I’m writing him in.


Billions in Tax Hikes Hidden in Obama's Budget - Heritage Foundation - It could be said that President Obama has never seen a tax hike he doesn’t like — whether it’s letting the 2001 and 2003 tax cuts expire, insisting on higher taxes for job creators, and yesterday calling on Congress to raise taxes on the oil industry. But as much as the President wants to raise taxes, Heritage has discovered that there are even more tax hikes hidden in his budget, adding up to a total of $2 trillion in higher taxes.  In a new report, Heritage’s Curtis Dubay uncovers Obama’s hidden tax hikes and finds that the President’s proposed $1.561 trillion tax increase over 10 years is much bigger than advertised. In fact, the President wants to raise taxes by $1.689 trillion – that’s $128 billion more than was reported by the White House Office of Management and Budget (OMB) in the President’s FY 2013 budget proposal.  Read more..........

Three in 10 Young Adults Live With Parents, Highest Level Since 1950's - CS Monitor - After graduating from Brown University in 2009 with a bachelor’s degree in comparative literature and completing a Fulbright scholarship in Brazil, Cassie Owens was left with a few dollars on her stipend and no job in sight. So, Ms. Owens returned home to her mother in Philadelphia. Owens and Burton are among the scores of so-called “boomerang kids,” young adults who move out of the family home for school or work and then return home. Unable to find well-paying work in a weak economy, escalating numbers of young adults – as many as 3 in 10 – are returning home to the family nest, resulting in the highest share of young adults living in multigenerational households since the 1950s, according to a Pew Research Center report released Thursday.  Read more.......

Poll: Vast Majority of Likely Voters Think Rich Pay Their Fair Share - Washington Free Beacon - Despite President Obama and Democrats’ insistence that the rich “pay their fair share,” three-quarters of likely voters believe the nation’s richest should pay lower, not higher, taxes, according to a poll conducted by the Hill. Read more........

Home Prices Fell in December in Most Cities - Yahoo Finance - Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices. The Standard & Poor's/Case-Shiller home-price index shows prices dropped in December from November in 18 of the 20 cities tracked. The steepest declines were in Atlanta, Chicago and Detroit. Miami and Phoenix were the only cities to show an increase.  Read more.........

Dems Threatening Lobbyists Who Back GOP With Tax Retribution - Hot Air - Democrats on K Street are warning their corporate clients: Give to Republican challengers in the 2012 election, and you’ll regret it come tax reform time.  Lobbyists are getting that message from allies of powerful Democrats such as Senate Finance Chairman Max Baucus (D-Mont.), who is closely watching support for Rep. Denny Rehberg, a Republican challenging Sen. Jon Tester (D-Mont.). Baucus supporters fear that if Rehberg ousts Tester, Baucus could be next to face a serious Republican challenge in the state.  Read more.........

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