Once again, it is up to President Obama to take the lead and make the American public aware of all this. Our nation is in a hopeful but tricky place right now and which way we go will depend as much on our confidence in ourselves as in any statistics.
The prospect of going over the fiscal cliff cast an additional pall on the markets, with many investors "fleeing to safety" until "things settle down." I am unaware of any stock market gurus who predicted all of these events, but what if they had?
These tax benefits embody all that is tax burden management. Neither is a big benefit, nor does either one affect "millions of taxpayers." However, if they impact you and you know about them, you will have more money in your pocket after you take advantage of them.
In spite of overwhelming evidence, there is still an echo chamber on the right parroting failed policies. But why have these ideas spread?
Turmoil? Recession? Crisis? Catastrophe? Actually... no. At least for at least the next two years, small businesses like mine can expect... certainty!
Republicans have done a lot of damage. Despite this, the American people have been, characteristically, resilient. But we are at the end of our rope and holding the debt ceiling hostage for destructive spending cuts will do nothing to lengthen it.
By Dave Levinthal...
Federal funding for research is neither a gift nor a handout to scientists. Instead, it is an investment that pays dividends many times over to the American taxpayer. Will our elected leaders cut the very programs that provide greatest benefit both now and into the future?
Obama should mint the trillion dollar coin even if he does not think he will need it. The trillion-dollar coin will take the hostage out of the equation completely and give the president the solid leverage he needs to negotiate.
The curtain has come down after Act I of the Fiscal Cliff. Some critics have proclaimed it a victory for the president over his Republican enemies. If it was a victory, it was an expensive one.
Now that political warfare over raising the debt ceiling has begun, let's ask the Democrats to honor this concept: no increase in debt, unless the money is delegated to infrastructure. In other words, we don't ask our grandchildren to pay for anything they don't get to use.
Ohioans have elected Mr. Tan, rested and ready to office 11 times despite the fact that there is no other politician on Capitol Hill who more embodies the ethic of sell-your-soul-to-the-1-percent. Mad about the bailouts of bad banks? Blame Boehner.
In the midst of caving in to President Obama on the whole debt ceiling fight, Eric Cantor tossed out a proposal (likely, to distract attention from his giant cave on the debt ceiling) which, at first glance, sounds great. Almost.
Still licking their wounds from the tax battle that featured the first tax rate increases on higher earners in 20 years, Republicans are sure to hold President Obama's feet to the fire in demanding steep budget cuts before they'll agree to raise the debt limit.
Your bank won't just raise your debt ceiling like the U.S. Congress. But if you manage things right, you can have facilities available for when times get tight.
Americans do know how to foster growth. But it has always been due to the partnership of private and public sectors, something our current Congress seems to have forgotten.