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Greg Ball Asks Twitter and Facebook Friends How to Vote on Gay Marriage Bill
New York is expected to become the sixth state to pass the gay marriage bill. In accordance with this, one of its state senators seems to seek help from his Facebook friends and Twitter followers.
Last weekend, New York Republican state senator – Greg Ball – asks his 2,500+ Twitter followers and 3,400 Facebook friends the question: “Opening up the discussion! So, if you were me, how would you vote on gay marriage? Yes or no?” This controversial post perhaps made the state senate petrified. The said bill, legalizing same sex […]
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Tax Deal Alleviates Senate’s Hurdle
The final Senate approval for Bush Tax Cuts extension, as well as unemployment benefits and the payroll tax cut could come as early as today. Will these new packages help the US economy?
Last Monday, the hotly debated tax deal negotiated by President Barack Obama and the Republican leaders cleared a key Senate procedural hurdle. It can be expected that the final Senate approval will come as early as today. The package to extend the Bush Tax Cuts for two more years, as well as the unemployment benefits for additional 13 months, and cutting the payroll tax by two percent for a year already received a nod from the Senate. That being said, Obama is urging the House to pass it quickly despite the fact that both sides of the political spectrum are unhappy.
Read the rest of the article »Investors Care Most About Bush Tax Cuts
"There aren't a whole lot of catalysts that will push stocks materially higher from here, but one thing that could serve as a real positive is if we see Congress extend all the tax rates." ---Dorsey Farr, French Wolf & Farr co-founder.
The additional 39,000 jobs last November are fewer than what the economists are hoping for. The employment rate also rose to 9.8%, a proof that the current US economy is still weak. However, stock investors are more focused on Washington policies such as the Bush Tax Cuts.
Investors are hoping that the current tax rates for all Americans will be extended. According to the French Wolf & Farr co-founder, Dorsey Farr, the stocks will be pushed materially higher if the Congress extends all the tax rates. The current structure of the Bush Tax Cuts will expire by the end of the year. And when no extension is approved by that time, everyone’s income and investment levy will spike back up.
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"[M]y hope ... is that given [that] we all have an interest in growing the economy and encouraging job growth that we're not going to play brinkmanship but instead we're going to act responsibly." - US President Barrack Obama
A day after the Republicans won control over the House of Representatives, President Obama said that he is willing to negotiate to ensure that Bush tax cuts for middle class will be extended by January 1. The president has been declaring the he wanted the cuts to be permanently extended to $250,00 for married couple and $200,000 for single filers only. A part of the cut that applies to income over $250,000 would expire by December 31. Meanwhile, Republicans are pushing to permanently extend the cuts to everyone regardless of the income.
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Written on October 30, 2013 -
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Written on October 28, 2013 -
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Written on December 28, 2012 -
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Written on December 27, 2012
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