political economy News

political economy News From AOL News

Senators Concede Feeling Pressure on Deficit Issue

WASHINGTON - The Democratic chairman of the Senate Budget Committee says if members of a Senate deficit group fail to come to grips soon with the deficit problem, "we won't be relevant to this discussion." But North Dakota's Kent Conrad declined in an appearance on NBC's "Meet the Press" to say specifically where the...

Obama: 'Change Turned Out to Be a Lot Tougher Than Expected'

SAN FRANCISCO -- President Barack Obama told supporters on Thursday he is pressing ahead with his agenda in a difficult political environment in Washington and that "change turned out to be a lot tougher than expected." Obama addressed about 200 people who paid up to $35,800 apiece for the fundraiser at a San Francisco...

Obama Calls GOP Medicare, Spending Plan 'Radical'

PALO ALTO, Calif. -- President Barack Obama declared Wednesday that congressional Republicans are pushing a radical plan to trim Medicare and Medicaid, ramping up the rhetoric before a friendly Facebook crowd at the headquarters of the popular social networking site. Still, as Obama and Congress approach crucial decisions...

Obama's Pulpit Is Bully, but GOP Keeps Charging

WASHINGTON -- Running for re-election, President Barack Obama is employing powers not available to his Republican challengers. Just this week he's holding town halls in three states, arriving in grand style on Air Force One and granting coveted interviews to local TV news anchors. He doesn't have the field entirely to...

Rich Paying Less Income Tax, Half of Households Pay None

WASHINGTON - Still scrambling to file your taxes? You'll probably take little consolation in hearing that the super rich pay a lot less taxes than they did a couple of decades ago. And nearly half of U.S. households pay no income taxes at all. The Internal Revenue Service tracks the tax returns with the 400 highest...

political economy News From AOL

THE HUFFINGTON POST

Jason Alderman: Prepare Your Kids for Summer Job Expenses

High school and college students hoping to find temporary jobs may be in for a tough time this summer -- once again -- as they compete with older, more experienced workers in a still-struggling economy.

THE HUFFINGTON POST

When it Comes to Finances, Canada is No Role Model

I'm too old, and honestly, I don't have enough hair left to adopt his look.

DAILYFINANCE (MOBILE)

'Pasty' Tax Battle Burns British Politicians -- and Possibly Your 401(k)

If there was any hope left that Europe might get serious about fixing its debt problems -- making the tough spending cuts and tougher tax hikes necessary to repair its fraying national balance sheets -- then this latest news out of Britain this week should put an end to that.

THE HUFFINGTON POST

Charity Tax Was Osborne's 'Biggest Error', Says Former Chancellor

George Osborne took his eye off the ball when it came to capping tax relief on charitable donations, former chancellor Lord Lawson said today.

THE HUFFINGTON POST

Nancy Pelosi Defends Reframing Middle Class As People Making Up To $1 Million

House Minority Leader Nancy Pelosi (D-Calif.) on Thursday defended her push to permanently extend "middle class" tax cuts to people making up to $1 million, saying that drawing the line at $250,000 hasn't worked.

political economy News From the Web

06/02/12 Caravan tax u-turn welcomed in West Somerset Source: BBC Somerset WEST Somerset's tourism industry has welcomed a partial Government u-turn on its tax plans for static caravans.
06/02/12 'Granny flat' tax breaks considered Source: Caernarfon Herald - Caernarfon - Gwynedd - UK Hundreds of thousands of families could benefit from tax breaks on "granny flats" under plans being considered by the Government.
06/02/12 Royal Oak closer to millage vote Source: HometownLife.com Royal Oak is considering a November millage increase ballot proposal, with the city commission saying it has cut the budget for so many years and that it cannot continue to offer the same level of services at the current millage rate.
06/02/12 POLL: Christie Reaches Deal With Amazon to Collect... Source: East Brunswick Patch - East Brunswick NJ If you're a New Jersey resident who buys stuff from Amazon without paying sales tax, those days are about to come to an end.
06/02/12 Mayor Ben Blake's State of Milford Address Source: Milford Patch - Milford CT Today, I've been asked to share with you the state of our city.

Background on political economy

Political economy originally was the term for studying production, buying, and selling, and their relations with law, custom, and government, as well as with the distribution of national income and wealth, including through the budget process.

more at wikipedia »