Word: taxed
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Oelschlager also noted that his firm keeps a low expense ratio, keeps trading costs down and manages its portfolio in a tax-efficient manner...
...Meanwhile, as the President gathers lawmakers, chief executives and union heads on Thursday at the White House for a jobs summit, business groups are pushing for an array of tax cuts. The National Federation of Independent Business would like to see a payroll tax holiday. The U.S. Chamber of Commerce is asking for a reduction of the capital-gains tax, renewal of popular research and development and other soon-to-expire business tax breaks and a permanent elimination of the estate tax, among a long wish list of tax provisions. The AFL-CIO, the nation's largest umbrella union, would...
...buck. House and Senate leaders are looking at combining extensions of unemployment insurance, food stamps and health insurance for recently laid off workers (known as COBRA) with infrastructure investments and money for clean-energy projects. The Obama Administration has resurrected a proposal the President campaigned on: a $3,000 tax credit per new hire for small businesses, an idea that was dropped from the first stimulus because it would've been too easy for employers to manipulate by firing and rehiring workers. House Financial Services Committee chairman Barney Frank has proposed a $2 billion fund to help homeowners avoid foreclosure...
...might have asked the public to pay a tax to support the war, as Congressman David Obey has suggested. Or he might have listed some charities that people could contribute to - Greg Mortenson's brilliant effort to build schools in Afghanistan and Pakistan comes to mind - or he might have asked Americans to send clothing, or seeds, to the second poorest country in the world. This is a message, a resolute and passionate evocation of national purpose, that the Taliban need to hear as well...
...Many of Obama's Democratic allies in Congress are already saying that any reinforcements should be paid for with a war surtax. That, of course, is a fiscal fig leaf for antiwar sentiment within the party that helped win Obama its presidential nomination. The tax proposal may make political sense during a recession, but the estimated cost of the additional troops - perhaps $40 billion annually - is just over 1% of this year's federal budget. Don't expect Obama to play bean counter tonight, which will upset Democrats more than the GOP. (Read "Obama Weighs the Cost of an Afghan...