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Senate girds for Saturday vote and long battle on health care

Fri, 20 Nov 2009 00:00:00 -0800

McClatchy - By David Lightman - Nov. 20 (News Report) - The Senate Thursday began what promises to be a bitter, lengthy battle over the future of health care in America, and taxes, abortion, affordability and federal deficits emerged as key flashpoints.

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House leaders prepare to wrestle with question of taxes to pay for healthcare

Sat, 03 Oct 2009 00:00:00 -0700

The Hill - By Mike Soraghan - Oct. 03 (News Report) - House Speaker Nancy Pelosi and fellow House Democratic leaders next week are expected to wade into the treacherous waters of how to pay for the House healthcare bill as they continue to negotiate the shape of the bill behind closed doors.

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Tax Code Woefully Out of Date on Energy Policy

Fri, 18 Sep 2009 00:00:00 -0700

Miller-McCune - By Emily Badger - Sep. 18 (Special Report) - From 2002 through 2008, the U.S. federal government spent about $72 billion subsidizing fossil fuel industries, much of those benefits embedded in arcane tax codes written in another era, for a different kind of energy economy.

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Privatized welfare plan price swells ::

Sat, 22 Aug 2009 00:00:00 -0700

Associated Press - Aug. 22 (News Report) - Indiana will spend nearly $180 million more than it initially planned to privatize and automate many of its welfare functions just two years into a closely watched 10-year deal that is one of the most lucrative contracts in state history. The cost of the $1.16 billion contract Gov. Mitch Daniels signed in late 2006 has risen 15 percent, to $1.34 billion, under changes made to the agreement with a group led by Armonk, N.Y.-based IBM Corp.

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UBS will give IRS 4,450 names of suspected tax cheats

Wed, 19 Aug 2009 00:00:00 -0700

Reuters - By Stephen Ohlemacher, Devlin Barrett, Associated Press Writers - Aug. 19 (News Report) - Swiss banking giant UBS agreed Wednesday to turn over to the IRS details of 4,450 accounts suspected of holding undeclared assets by U.S. customers, ending an intense trans-Atlantic legal fight. IRS Commissioner Doug Shulman says the accounts held $18 billion in assets at one time. Many have since been closed, he said.

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Feds Build Criminal Cases Against US Tax Evaders

Fri, 14 Aug 2009 00:00:00 -0700

CNBC.com - By Lynnley Browning The New York Times - Aug. 14 (News Report) - Federal prosecutors are building criminal cases against 150 wealthy American clients of the Swiss banking giant UBS as part of a continuing investigation into tax evasion. In February, UBS agreed to pay $780 million to settle charges that it had helped American clients evade taxes on nearly $20 billion hidden in offshore accounts.

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US, Swiss Cement Deal On Secret UBS Bank Accounts

Wed, 12 Aug 2009 00:00:00 -0700

Huffington Post - By Jessica Gresko - Aug. 12 (News Report) - The Swiss and U.S. governments announced a deal Wednesday to settle American demands for the identities of suspected tax dodgers, despite Switzerland's vaunted bank secrecy. But they kept all details under wraps, including how many of the 52,000 names sought by the IRS from banking giant UBS AG will be revealed.

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Obama's EPA plans fewer toxic cleanups

Tue, 11 Aug 2009 00:00:00 -0700

Associated Press - By Dina Cappiello - Aug. 11 (Special Report) - For years, the Bush administration was criticized for not cleaning up enough of the nation's most contaminated waste sites. The Obama administration plans to do even less.

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Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS

Mon, 10 Aug 2009 00:00:00 -0700

Bloomberg - By David Voreacos - Aug. 10 (News Report) - With evidence from the Olenicoff case and cooperation from Birkenfeld, U.S. prosecutors have been able to penetrate the veil of financial invisibility that Switzerland guards as a national treasure. To avoid immediate prosecution, UBS, Switzerland’s second- largest bank by stock market value, behind Credit Suisse Group AG, agreed on Feb. 18 to pay the U.S. $780 million. It renewed a pledge to stop unlicensed recruiting of customers in the U.S. and agreed to cooperate with investigators during 18 months of probation. The bank admitted in court that it had helped American clients dodge taxes from 2000 to 2007.

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UBS Client Chernick Admits Filing False Tax Return (Update2)

Mon, 10 Aug 2009 00:00:00 -0700

Bloomberg - By Voreacos - Aug. 10 (News) - submit hid the original story window. Wait a bit.

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UBS Tax Settlement Delayed on U.S., Switzerland Talks (Update4)

Fri, 07 Aug 2009 00:00:00 -0700

Bloomberg - By David Voreacos, Mort Lucoff, Carlyn Kolker - Aug. 07 (News Report) - The U.S. and Switzerland need at least five more days to negotiate settlement of a Justice Department lawsuit against UBS AG seeking the names of Americans suspected of evading taxes through 52,000 secret Swiss accounts. U.S. District Judge Alan Gold in Miami today agreed to a request by Justice Department attorney Stuart Gibson to reschedule a telephone conference call for Aug. 12. Gibson told Gold on July 31 that the two governments had agreed in principle to settle the case and hoped to reveal final terms today.

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Pinched States Wrestle With More Cuts

Thu, 30 Jul 2009 00:00:00 -0700

Wall Street Journal - By Leslie Eaton - Jul. 30 (News Report) - Just a few weeks after many states struggled to balance their budgets for the new fiscal year, plunging tax revenues are forcing more cuts.

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TARP IG Reports Underscore Need for Better Transparency in Financial Bailout

Wed, 29 Jul 2009 00:00:00 -0700

ombwatch.org - Jul. 29 (Investigative Report) - Two recent reports by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Neil Barofsky, provide useful information and stand in sharp contrast to the Treasury Department's attempt to provide comparable transparency for the program, also known as TARP. One report clearly presents existing TARP information, while the other supplies new data that Treasury should be providing. In both cases, the reports highlight changes Treasury should make to how it conducts and presents TARP data. To date, TARP, the most prominent element of the larger initiative colloquially known as "the bailout," has been a relatively secretive program.

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French panel to recommend carbon tax on fuel

Thu, 23 Jul 2009 00:00:00 -0700

timesoftheinternet.com - Jul. 23 (News) - A French experts' panel is to recommend introducing a carbon tax on fuel from January 2010, as part of a government drive to slash global warming emissions, the group's head said on Wednesday.

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Health Bill in House Relies on Wealth Tax

Sat, 11 Jul 2009 00:00:00 -0700

Wall Street Journal - By Greg Hitt, Martin Vaughan - Jul. 11 (News Report) - House Democrats plan to pay for their health-care legislation with a big tax increase on wealthy households, aiming to raise $540 billion over the next decade with a package of surtaxes on families making $350,000 or more.

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BBC NEWS | Americas | California in 'fiscal emergency'

Thu, 02 Jul 2009 00:00:00 -0700

BBC News - By BBC Media - Jul. 02 (News Report) - Democrats and the governor, and the Republican lawmakers who take pride in never voting in favour of any budget, have set us on a road toward two possible cataclysms: a popular revolt that will further diminish the power of government as we know it, and ruinous default that keeps the recession alive for another decade and plunges Californians, and perhaps all Americans, into nearly unimaginable misery.

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Ten Reasons Undocumented Should File Income Taxes

Mon, 22 Jun 2009 00:00:00 -0700

New America Media - By Elena Shore - Jun. 22 (News Report) - Many undocumented immigrants see paying taxes as a catch-22 -- they need to file income tax returns if they are ever going to qualify for legalization, but they believe filing taxes may expose them to deportation.

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Earthquakes fuel questions over drilling in Cleburne | News for Dallas, Texas | Dallas Morning News | Latest News

Sun, 14 Jun 2009 00:00:00 -0700

Dallas Morning News - By Sherry Jacobson - Jun. 14 (News Report) - It's hard to find anyone in this North Texas city of 30,000 who isn't getting mailbox money in exchange for allowing a natural gas company to drill on – or under – his or her property. But after a spate of mild earthquakes in the past two weeks that could be connected to the drilling, people are starting to reconsider: Is it worth the money?

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Northwest's biofuel boom goes bust ?

Sun, 07 Jun 2009 00:00:00 -0700

OregonLive.com - By Scott Learn, The Oregonian - Jun. 07 (News Report) - The biofuel downturn has been a national phenomenon, Van't Hof noted. Oregon's plants are likely to be restructured under Chapter 11 proceedings or sold, not shuttered. And the federal plans for more biofuel use in coming years leave Oregon in a good position to capitalize as the industry grows, he said.

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The cost of gay marriage – in dollars and cents

Wed, 27 May 2009 00:00:00 -0700

Christian Science Monitor - By Kathryn Perry - May. 27 (News Report) - Maghi Geary might have some peculiar advice for Californians: Gay marriage is good for business. The co-owner of Provincetown Florist has 20 to 30 weddings booked this summer, and the reason for that decent return is evident in the next customer who walks through the door – a lesbian couple from Kansas desperately in need of some carnations for their wedding.

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America's poor are its most generous donors

Sat, 23 May 2009 00:00:00 -0700

McClatchy - By Frank Greve - May. 23 (Special Report) - When Jody Richards saw a homeless man begging outside a downtown McDonald's recently, he bought the man a cheeseburger. There's nothing unusual about that, except that Richards is homeless, too, and the 99-cent cheeseburger was an outsize chunk of the $9.50 he'd earned that day panhandling. The generosity of poor people isn't so much rare as rarely noticed, however.

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The Real Tax Outrage

Tue, 21 Apr 2009 00:00:00 -0700

Huffington Post - By Mike Papantonio - Apr. 21 (News Analysis) - The Public Interest Research Group (PIRG) found billions of dollars hidden in offshore corporate tax havens. This would no doubt upset the teabaggers to know that there is more than 100 billion dollars worth of tax shelters offshore created by many of Santelli's Wall Street pals. We don't have money to pay for schools, teachers, new roads, and health care, but billions of dollars are sitting in no-ask no-pay corporate tax shelters offshore.

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Google is accused of UK tax avoidance

Mon, 20 Apr 2009 00:00:00 -0700

The Guardian - By Terry Macalister - Apr. 20 (News Report) - Google has joined the list of companies facing criticism over tax avoidance after public accounts showed it paid only £600,000 in UK corporation tax despite local revenues of more than £1.25bn.

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Teabaggers Stray Off Topic, HuffPosters Report

Sun, 19 Apr 2009 00:00:00 -0700

Huffington Post - Apr. 19 (News Report) - While a majority of the protesters who attended tea parties across the nation convened to oppose to taxes, many conservatives viewed these gatherings as a platform to voice their other political grievances. Dan Diviney, one of over 2,500 HuffPost citizen reporters who signed up to cover the Tea Parties, found that pervasive griping about taxes served as a backdrop for other issues that elicited more vehement outrage from attendees; the majority of citizen reporters submitted dispatches that illustrated a similar environment at their local event.

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Resenting the rich

Fri, 17 Apr 2009 00:00:00 -0700

Economist - By Saugato Datta - Apr. 17 (Poll) - (Online Debate) Vote on this question: This house believes that the rich should pay higher taxes. Do you agree with the motion? 51%voted yes 49%voted no

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