Posts Tagged Government finance

NM official: Tax package saved jobs

SANTA FE, N.M. (AP) — A massive tax package passed by lawmakers in the final days of the legislative session is having a positive effect on jobs, the head of the New Mexico Economic Development Department told lawmakers this week.

Read the rest of this entry »

Tags: , , , , , , , , , , , ,

GOP hopes IRS scandal will snag health care law

In this May 16, 2013 file photo, Rep. Michele Bachmann, R-Minn. speaks on Capitol Hill in Washington. Political scandals have strange ways of causing collateral damage, and Republicans are hoping the furor over federal tax enforcers singling out conservative groups will ensnare their biggest target: President Barack Obama’s health care law. But no one appears to have connected the factual dots yet, and it’s unclear whether they will. “Now we’ve learned that the IRS, which is tasked with enforcing this very unpopular bill of Obamacare, the IRS admitted they targeted Americans,” Bachmann said during floor debate this week on repealing the health care law.  (AP Photo/Molly Riley, File)

WASHINGTON (AP) — Political scandals have strange ways of causing collateral damage, and Republicans are hoping the furor over federal tax enforcers singling out conservative groups will ensnare their biggest target: President Barack Obama’s health care law.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , ,

CBO: Obama budget cuts deficits $1.1T by 2023

WASHINGTON (AP) — President Barack Obama’s budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress’ nonpartisan budget analyst said Friday.

Read the rest of this entry »

Tags: , , , , , , , , , , ,

Dark clouds hang over air shows after budget cuts

In this Saturday, Aug. 27,  2011 file photo, the U.S. Navy Blue Angels perform at the Great State of Maine Air Show, in Brunswick, Maine. Federal budget cuts that eliminated military flying acts triggered the cancellation of dozens of air shows, causing lost income for performers, along with air show announcers, concessionaires, vendors and others who depend on air shows and the millions of spectators. (AP Photo/Pat Wellenbach, File)

BRUNSWICK, Maine (AP) — Patty Wagstaff is a Hollywood stunt pilot, three-time U.S. aerobatic champion, inductee to the National Aviation Hall of Fame and favorite on the air show circuit. One of her tricked-out planes is on display at the Smithsonian National Air and Space Museum.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , ,

The IRS and its tea party tempest

Ousted IRS chief Steven Miller is sworn in on Capitol Hill, in Washington, Friday, May 17, 2013, prior to testifying before the House Ways and Means Committee hearing on the extra scrutiny the IRS gave Tea Party and other conservative groups that applied for tax-exempt status.  (AP Photo/J. Scott Applewhite)

WASHINGTON (AP) — The Internal Revenue Service is feeling the sort of heat that targeted taxpayers feel from the tax agency. It’s the sense that a powerful someone is breathing down your neck.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , , ,