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Senator John Kerry's tax plan slows economic activity until 2011,when it generally adopts President George Bush's approach ofpermanent tax cuts. Even so, the Bush plan consistently outperformsthe Kerry plan. President Bush relies on supply-side tax changeswhile Senator Kerry focuses much of his attention on demand-sidepolicy with targeted tax policy changes that yield the unintendedconsequence of producing a tax cut for high-income taxpayers after2011. ....
The American Jobs Creation Act of 2003 that was sent to the fullHouse on October 28 is an anemic, willowy version of the originallegislation as authored by Ways and Means Chairman Bill Thomas. IfCongress really intends to use this legislation to assist theeconomic recovery and expand the job market then conferees shouldfight to include as much of the original language of H.R. 2896 aspossible. ....
Long Term Downtrend in GDP By definition a recession occurs when GDP declines in two consecutive quarters, which is one of the reasons why all recessions are not created equal. In 1970 and 1974 GDP contracted by a modest -0.32% and -0.54%, minor hick-ups compared to the 1982 decline of -1.80%. The 1990 recession was shallow as GDP only fell by -0.11%. In 2001 GDP actually rose by +1.00% but during the year there were two consecutive quarters in which GDP was lower so it was technically ruled a recession. In 2009 GDP shrank by -2.54%, which was the largest annual decline since the post World War II plunge of -11.6% in 1946. ....
Today. today, there s a new piece on carly fiorina s tenure at hue let back card. specifically her company lobbying lobb lobbying for an act in 2004, called her $4 billion job scam. michael daly writes the purported aim was for economic growth and jobs at home by, according to corporations, a one-year tax holiday on billions in overseas profits they had stashed offshore. u.s. corporations took $265 billion in tax deductions. but, as michael daly points out, it did not creation in the job creation that was promised. the three biggest beneficiaries cut jobs including h hewlett-packa hewlett-packard, which brought back $14.5 billion from overseas profits but then cut more than 14,000 jobs. to make it all even uglier, michael daly writes hewlett-packard lobbied for the homeland investment act as a ....
Stashed offshore. u.s. corporations took $265 billion in tax deductions. but, as michael daly points out, it did not creation in the job creation that was promised. the three biggest beneficiaries cut jobs including hewlett-packard, which brought back $14.5 billion from overseas profits but then cut more than 14,000 jobs. to make it all even uglier, michael daly writes hewlett-packard lobbied for the homeland investment act as a member of something called the homeland investment coalition. this at a time when the war on terror was intensifying and the word homeland made everyone think of national security. we had invaded iraq in march 2003 and there was fiorina four months later, party to using homeland to hustle the government out of billions with false promises of new jobs. that may not be treason, but it is close enough to turn the stomach. ....