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In July, the U.S. Senate introduced a plan to offset new highway spending by reducing the dividend that the Federal Reserve pays to member banks. While it is still unclear exactly where this idea originated, an anonymous Democratic staffer recently referred to the dividend as “an unnecessary and wasteful subsidy.”[1] It now appears that the dividend reduction will go forward even if it offsets outlays other than highway spending. ....
Washington has already spent hundreds of billions of dollars on economic stimulus bills that have failed to revive the economy. Tax rebates do not help the economy because they are government grantsthat are not based on encouraging productivity. Economic growthrequires increasing the productivity of American workers. Lowermarginal tax rates encourage productivity by increasing incentivesto work, save, and invest. ....
The tax extenders are a group of approximately 50 tax-reducing policies that expire regularly. Congress has traditionally extended them just as regularly as they expire. Late last year, Congress retroactively renewed them for 2014, which means they are currently expired. ....
Plus the murder trial of oscar pistorius is wrapping up but he is not escaping more trouble these days. the former olympian is getting into a whole new set of problems at a local bar. we ll have those details on that. we want to hear from you. should we race the gas tax or cut highway spending to pay for the trust fund? making sure that your roads are drivable, jon. what is what the funds are for. president is talking about during the hour. our chat is up and running. go to fox news. com/happening now. ....
Now the tea party has momentum. back down in mississippi where they hope they can beat the 76-year-old thad dock ran in tomorrow s primary run-off. in the new poll out today shows mcdaniel headed into tomorrow s run-off election with an eight-point lead over thad cochran, the incumbent. the post writes while thad cochran stumps on years of bringing federal spending back to mississippi the mcdaniel campaign has tapped into a feeling that the country is slipping away. his bet, more voters will turn out for a revolution than highway spending. sam hall the clarion ledger of jackson, mississippi. and amy kramer is a tea party activist. thank you both. speak your minds. sam, what s the feeling among tea party people that animates them most today? i think there is genuine anger now at what they perceived as some of the dirty tactics the ....