Keyword: hikes

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  • Fast food CEO: Minimum wage hikes closing locations

    05/30/2014 11:53:50 AM PDT · by NormsRevenge · 101 replies
    Yahoo Finance ^ | 5/30/14 | cnbc
    CKE Restaurants' roots began in California roughly seven decades ago, but you won't see the parent company of Carl's Jr. and Hardee's expanding there much anymore. Related Stories What's causing what company CEO Andy Puzder describes as "very little growth" in the state? In part it's because "the minimum wage is so high so it's harder to come up with profitable business models," Puzder said in an interview. The state's minimum wage is set to rise to $9 in July, making it among the nation's highest, and $10 by January 2016. In cities in other states where the minimum wage...
  • Obama has Proposed 442 Tax Hikes Since Taking Office

    04/14/2014 1:34:50 PM PDT · by upbeat5 · 9 replies ^ | April 14, 2014 | John Kartch
    Since taking office in 2009, President Barack Obama has formally proposed a total of 442 tax increases, according to an Americans for Tax Reform analysis of Obama administration budgets for fiscal years 2010 through 2015. The 442 total proposed tax increases does not include the 20 tax increases Obama signed into law as part of Obamacare. "History tells us what Obama was able to do. This list reminds us of what Obama wanted to do," said Grover Norquist, president of Americans for Tax Reform. The number of proposed tax increases per year is as follows: 79 tax increases for FY...
  • Senate Democrats back automatic debt limit hikes (maDness abounds in Dem-controlled Senate)

    10/29/2013 6:24:23 PM PDT · by NormsRevenge · 6 replies
    Yahoo! News ^ | 10/29/13 | Andrew Taylor - ap
    WASHINGTON (AP) — The Senate voted along party lines Tuesday to reject a GOP effort that would have blocked the approved increase in the national debt limit. The chamber voted 54-45 against the GOP move to try to use a special "disapproval" process to block that increase. The move came as Senate Democrats proposed to avoid future showdowns over the so-called debt ceiling by giving the president authority to authorize additional federal borrowing unless Congress can muster veto-proof margins to block him. The move by Sens. Charles Schumer, D-N.Y., Barbara Boxer, D-Calif., and Mazie Hirono, D-Hawaii, is aimed at heading...

    08/27/2013 9:53:50 AM PDT · by Reaganite Republican · 4 replies
    Reaganite Republican ^ | 27 August 2013 | Reaganite Republican
    More taxing toons/humor at Reaganite Republican...
  • Norquist: Still No Better Argument for Tax Hikes

    12/11/2012 8:16:39 AM PST · by ExxonPatrolUs · 2 replies ^ | December 11, 2012 | 06:42 AM EST
    A powerful anti-tax crusader said President Barack Obama doesn't have a better argument for tax increases today than he did two years ago, when he agreed to extend the Bush tax cuts for all Americans. "Raising taxes is always bad for the economy," Americans For Tax Reform President Grover Norquist told CNBC's "Squawk Box" on Tuesday. "Tax increases are what's done instead of reforming government." Negotiations to avoid the "fiscal cliff" of mandatory tax hikes and spending cuts have largely been focused on the president's desire to raise tax rates for the top two percent of wage earners. Republicans have...
  • White House: Threat of tax hikes could hurt holiday shopping (Bush tax cuts ok for now)

    11/26/2012 5:26:59 AM PST · by Libloather · 23 replies
    The Hill ^ | 11/26/12 | Justin Sink
    White House: Threat of tax hikes could hurt holiday shoppingBy Justin Sink - 11/26/12 06:00 AM ET The White House released a report Monday arguing that a failure to extend tax cuts for middle class families could have a negative impact on the economy which outweighs the gains from traditional Black Friday and Cyber Monday holiday sales. According to the report, reverting back to pre-Bush era tax rates would reduce consumer spending some $200 billion — four times the amount holiday shoppers spent on Black Friday weekend in 2011. "As we approach the holiday season, which accounts for close to...
  • Clinton Tax Hikes Slowed Growth

    09/08/2012 7:01:46 AM PDT · by Son House · 18 replies
    Heritage Foundation ^ | September 5, 2012 | Curtis Dubay
    President Obama argues that President Clinton’s economic record is proof that the current economy would grow if Congress passed the tax hikes he has long proposed. The American public should not fall for this misleading argument.The historical record is clear: The economy grew slower than it should have in the years after Clinton’s 1993 tax hike. The strong economic growth that is associated with his presidency occurred only after he agreed with Congress to cut taxes in his second term.President Obama’s cursory and errant analysis of recent history has serious implications for policymaking today. If Congress raises taxes based on...
  • Romney supports automatic hikes in minimum wage

    02/01/2012 1:02:13 PM PST · by NormsRevenge · 51 replies
    Yahoo ^ | 2/1/12 | David Espo and Kasie Hunt - ap
    EAGAN, Minn. (AP) — Republican presidential contender Mitt Romney renewed his support Wednesday for automatic increases in the federal minimum wage to keep pace with inflation, a position sharply at odds with traditional GOP business allies, conservatives and the party's senior lawmakers. "I haven't changed my thoughts on that," the former Massachusetts governor told reporters aboard his chartered campaign plane, referring to a stand he has held for a decade. He did not say if he would ask Congress to approve the change if he wins the White House this fall. Congress first enacted federal minimum wage legislation in 1938...
  • Boehner: Debt deal will include new tax revenues

    11/03/2011 4:25:58 PM PDT · by Hojczyk · 68 replies
    CBS NEWS ^ | November 3,2011
    "I think there is room for revenues, but I think there clearly is a limit to the amount of revenues that are available," Boehner told reporters. "What I was attempting to do," he said, grinning, "was to suggest that Mr. Norquist, like millions of Americans, believes that raising taxes is not good for our economy." Boehner insisted that Republicans would only compromise on tax revenue if Democrats were willing to take significant and painful steps to shore up Medicare, Medicaid and Social Security. "Without real reform on the entitlement side, I don't know how you put any revenue on the...
  • CME Hikes Gold Margins By 22% And Gold Drops by....0.4%, Resumes Climb

    08/10/2011 6:42:19 PM PDT · by Nachum · 12 replies
    Zero Hedge ^ | 8/10/11 | Tyler Durden
    Just after hitting a new all time high of above $1815 in spot gold, the CME immediately sent out a notice to members advising that gold margins for Tier 1 members were increasing by 22% for both initial and maintenance positions, from $4,500 to $5,500. Unfortunately for the CME, this predetermined move was telegraphed to the market weeks ago, and with rumor 57 out of 22 finally turning out correct, this latest move only managed to push gold down modestly, and at last check was once again trading above $1,800. Just like all central bank interventions, which now have a...
  • Goldman Hikes Its 12 Month Gold Price Target From $1,735 To $1,830

    08/07/2011 8:59:35 PM PDT · by Nachum · 115 replies
    Zero Hedge ^ | 8/711 | Tyler Durden
    The first of many gold price upgrades is here, as Goldman's David Greely finally catches on to what has been all too obvious to anyone with a frontal lobe: "Gold prices hit a new record high last week, closing at $1,663/toz on August 3. Despite this rally, the rise in gold prices has continued to lag the plunge in US real interest rates, with 10-year TIPS yields trading below 30 bp. With our US economics team lowering their outlook for US economic growth, implying US real rates will remain lower for longer, and with sovereign debt issues in both the...
  • Don't Fumble the Debt Ceiling

    07/18/2011 11:06:55 AM PDT · by No One Special · 8 replies
    The American Spectator ^ | July 18, 2011 | Jed Babbin
    Republicans haven't gone wobbly on the debt ceiling debate, but in the House they are laying a trap for themselves that will leave them holding the bag for any downgrade or default on America's sovereign debt. President Obama, as he indicated Friday, still demands that significant tax hikes be a part of any debt ceiling deal. But as Senate Minority Leader Mitch McConnell said on Thursday, "Republicans will not be reduced to being the tax collectors for the Obama economy... We won't be seduced into calling a bad deal a good one." So far, so good. But there's a lot...
  • McConnell announces fallback plan: Let’s give Obama the power to raise the debt ceiling himself

    07/12/2011 2:04:58 PM PDT · by Hojczyk · 37 replies · 1+ views
    Hot Air ^ | July12 ,2011 | Allahpundit
    Now that the table is set, here’s how the proposed plan would work: Republicans in Congress would agree to vote to authorize the president to propose three separate incremental debt ceiling increases, spaced over the remainder of his term. He would be required to couple each request with a corresponding set of spending cuts that exceed the dollar amount of his sought-after debt limit hike. These cuts would be of his choosing alone. The first pair of requests would come prior to the August 2 deadline. It would be for roughly $700 Billion. The next requests, for $900 Billion, would...
  • Can Obama shame Republicans on the debt ceiling?

    07/12/2011 8:43:31 AM PDT · by Still Thinking · 23 replies
    Salon (yeah, I know) ^ | July 11, 2011 | Joan Walsh
    Is President Obama proving his political genius by floating a plan for a $4 trillion deficit cut deal to lift the debt ceiling, offering entitlement cuts that will enrage parts of his base knowing he'll never face their wrath, because far-right Republicans will never take the deal? It could be. House Speaker John Boehner rejected Obama's "grand bargain" Sunday and Monday, because his members won't consider anything to raise revenue, not even closing loopholes for corporate private jets or a tax giveaway for hedge fund managers. Insiders say this lets Obama look like "the only grownup," the man who was...
  • Retraction Request: Reuters Erroneously Reports GOP Tax Hike Deal

    07/06/2011 7:03:23 PM PDT · by cableguymn · 68 replies ^ | 7/6/11 | Big Journalisum
    Not sure if posting the story is ok. (kinda new to posting)
  • Right Stuff: Hiking the gas tax, bridge tolls nothing short of highway robbery (Maryland)

    06/07/2011 8:24:27 PM PDT · by Tolerance Sucks Rocks · 4 replies
    The Annapolis Capital ^ | June 7, 2011 | Michael Collins
    Did you enjoy the gridlock last week? Summer traffic trying to reach the beach can lead to some pretty hairy back-ups. Pretty soon, you'll be able to pay even more for the privilege of sitting in traffic. The O'Malley administration is socializing a plan to hike the gas tax between 42 percent and 100 percent, and raise the round-trip tolls on the Harbor Tunnel, Key Bridge and Bay Bridge to $8 - regressive taxes on hard-working Maryland families. There have been news stories about crumbling infrastructure, an empty Trust Fund and the need to pay bond holders. This PR campaign...
  • CME Hikes Silver Margins By 17%: 4th Hike In 8 Trading Days

    05/04/2011 3:58:22 PM PDT · by Nachum · 21 replies
    Zero Hedge ^ | 5/4/11 | Tyler Durden
    Nobody could have foreseen this. Nobody. At this point there is nothing left to comment on what is a concerted action to "mitigate" any and all risk in the commodity market but could as well be classified as executive order 6102.5. While we were joking before that soon one will have to post more cash than an silver contract is worth, we are now forced to reevaluate this sarcasm.
  • BP hikes claims czar's monthly fee to $1.25M

    03/25/2011 4:11:32 PM PDT · by Nachum · 11 replies · 1+ views
    Associated Press ^ | 3/25/11 | Harry R. Weber
    PASCAGOULA, Miss. — Documents provided by the administrator of BP's claims fund for Gulf oil spill victims show the oil giant agreed to increase his law firm's monthly compensation from $850,000 to $1.25 million. The documents furnished Friday to The Associated Press include a letter from former U.S. Attorney General Michael Mukasey to claims czar Kenneth Feinberg. Mukasey stated his belief that the extra money was warranted because Feinberg's duties had grown. Mukasey was asked by Feinberg to weigh in on how reasonable his compensation was. The pay hike, detailed in a Tuesday letter from Mukasey to
  • British Students in Violent Protest Against Tuition Hikes

    Holding signs reading "Free my Future" and "Stop Education Cuts," up to 50,000 students stomped through the streets of London today, protesting both a tuition hike and deep cuts to the education budget. The protests turned violent Wednesday afternoon with protesters and police fighting in front of the Conservative Party's headquarters, the Millbank Tower. Students shattered the glass windows of the tower and hundreds occupied the building for a time. Activists threw water, paper, and even a fire extinguisher from the roof of the political headquarters
  • Six Months to Go Until The Largest Tax Hikes in History

    07/05/2010 8:16:09 AM PDT · by MuttTheHoople · 17 replies
    Americans for Tax Reform ^ | July 1, 2010 | Ryan Ellis
    In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011: First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011: Read more:
  • Facing health insurance premium hikes, Obama administration eyes price controls

    06/23/2010 9:55:42 AM PDT · by Nachum · 34 replies
    the daily caller ^ | 6/23/10 | Jonathan Strong
    In a shot across the bow to the insurance industry Tuesday, President Obama warned companies facing higher costs in part because of his health care law not to hike their prices, saying “we’ll be watching closely.” Backing up his rhetoric behind the scenes, the Department of Health and Human Services (HHS) is quietly working on a new regulation to determine when insurance price increases are “unreasonable” and potentially prohibited by law. The move may provide political cover heading into November’s elections as the President tries to keep the public from linking recent premium hikes to his newly-passed health care law.
  • Revealed: 50 oil tankers loitering off British coast as they lie in wait for fuel price hikes

    11/20/2009 10:03:17 AM PST · by autumnraine · 55 replies · 1,828+ views
    Daily Mail Online ^ | 11/20/2009 | David Derbyshire, Andrew Levy and Ray Massey
    More than 50 oil tankers are anchored off Britain - pieces in a game in which the only winners are market speculators. The losers are the millions of British motorists paying over the odds for their petrol and diesel. After yesterday's report in the Daily Mail on how several so-called 'oil shark' tankers were moored near the Devon coast, dozens more vessels were revealed to be loitering off-shore. Some are carrying aircraft fuel or fuel for homes. Others are empty, waiting to be restocked before setting off around the globe. But according to industry experts, a significant number are 'oil...
  • Obama Seeks Hikes in Domestic Spending

    05/07/2009 2:54:44 AM PDT · by Son House · 3 replies · 513+ views
    FOXNEWS ^ | May 06, 2009 | FOXNEWS
    WASHINGTON -- In twin strokes, President Barack Obama is calling on Congress to reward generous budget increases to domestic programs while proposing relatively modest cuts to wasteful or obsolete programs that just won't seem to die. Officials said Wednesday that Obama's promised line-by-line scrub of the federal budget had produced a roster of 121 budget cuts totaling $17 billion -- or about one-half of 1 percent of the $3.4 trillion budget Congress has approved for next year. The details were being unveiled Thursday. Those savings are far exceeded by a phone-book-sized volume detailing Obama's generous increases for domestic programs that...
  • Geithner: Spending hikes are short-term; will end

    03/12/2009 9:21:46 AM PDT · by NormsRevenge · 39 replies · 1,017+ views
    AP on Yahoo ^ | 3/12/09 | Jim Kuhnhenn - ap
    WASHINGTON – President Barack Obama's ambitious new budget faced bipartisan skepticism Thursday as key senators questioned the administration's long-term budget outlook and the deficits it envisions rising in the middle of the next decade. Treasury Secretary Timothy Geithner defended it in testimony before the Senate Budget Committee, saying current increases in spending are short term and will have to be substantially reduced to get the country back into fiscal shape. Still, the Democratic chairman of the Budget Committee, Kent Conrad of North Dakota, called the track of future deficits "unsustainable" and singled out Obama's proposal for spending $634 billion on...
  • Planning Now to Avoid Possible Obama Tax Hikes Later [Intentionally Incurring Capital Gain Now]

    11/15/2008 4:08:31 AM PST · by Son House · 42 replies · 1,192+ views
    FOXBusiness ^ | November 13, 2008 | Matt Egan
    “I think we expect the climate to become much more restrictive for high-income taxpayers. The things that had been done in the past -- whether they are perceived loopholes or actual loopholes --- [are] going to be reduced dramatically under an Obama presidency,” said Phil Tortorich, a partner and tax expert at Katten Muchin Rosenman LLP in Chicago. Obama campaigned under a promise to cut taxes for American families making less than $250,000 a year while raising top federal income-tax rates from 35% to 39.6%. Of course, promises made on the campaign trail don't necessarily make it into law, and...
  • CA: Schwarzenegger's (2007-08) budget includes proposed college fee hikes

    01/10/2007 6:37:31 PM PST · by NormsRevenge · 12 replies · 487+ views
    ap on Riverside Press Enterprise ^ | 1/10/07 | Michelle Locke - ap
    BERKELEY Fees could be going up for California's public university students under the budget proposed Wednesday by Gov. Arnold Schwarzenegger. The hikes are part of a long-term funding agreement between the governor and leaders of the state's two university systems, the University of California and California State University. Last year, after four straight years of increases, the governor proposed putting in extra money to "buy out" fee increase, which legislators subsequently approved. Schwarzenegger's proposed budget for the 2007-08 fiscal year includes no such bonus. UC regents and CSU trustees have not voted on any fee increases, which could yet be...
  • CA: Committees OK Democrats' minimum wage hikes, but not governor's

    03/29/2006 6:58:00 PM PST · by NormsRevenge · 4 replies · 306+ views
    AP on Bakersfield Californian ^ | 3/29/06 | Steve Lawrence - ap
    Similar bills that would give 1.4 million minimum wage earners a dollar-an-hour raise and then adjust their pay each year to keep up with inflation were approved Wednesday by committees in the Assembly and Senate. But the Senate committee refused to vote on a rival bill backed by Gov. Arnold Schwarzenegger that includes a $1 increase but not an annual inflation adjustment. The senator carrying Schwarzenegger's bill, Republican Abel Maldonado of Santa Maria, urged the Senate Labor and Industrial Relations Committee to reconsider its decision and pass his bill to avoid another veto. "Gov. Schwarzenegger looked me in the eye...
  • Evidence Cigarette Tax Hikes Increase Crime, But Don't Reduce Teenage Smoking

    Evidence Cigarette Tax Hikes Increase Crime, But Don't Reduce Teenage Smoking Between 1984 and 1993, Canada doubled its tax on cigarettes with the aim of reducing smoking and increasing tax revenues. Last December, Sgt. Alain Giroux testified on the effects of those tax increases before a U.S. Senate subcommittee on behalf of the Royal Canadian Mounted Police. * He reported that only did underage smoking fail to decrease, but an estimated 40 percent of Canada's cigarettes are now sold on the black market -- most of which are smuggled over the U.S.-Canadian border. * The growth in the black market...
  • CA: Back-door tax hikes

    12/09/2004 10:18:10 AM PST · by NormsRevenge · 3 replies · 380+ views
    Some Californians could find a nasty surprise in their water and sewer bills, courtesy of state government. Water consumers will be paying more to help cover the state budget shortfall, a back-door tax hike possible because of confusing, irresponsible state budget-writing. Special districts - local agencies formed to provide water, sewer, fire protection and other services - were supposed to ship about $350 million in property taxes to the state this year, as part of a two-year deal to help balance the state budget. But last-minute changes exempted many special districts from most or all of the tax shift, which...
  • Taxpayer Watchdogs Slam State Tax-Hike Plans

    01/13/2004 8:50:17 AM PST · by Tumbleweed_Connection · 3 replies · 354+ views
    CNSNews ^ | 1/13/04 | Susan Jones
    While the Bush administration lowers taxes, some states want to raise them. One taxpayer watchdog group is criticizing Virginia Gov. Mark Warner, a Democrat, for his proposed billion-dollar tax hike, while another group is urging Arkansas lawmakers to reject any proposed tax increases The National Taxpayers Union called Virginia Gov. Warner's proposal "as unwise as it is unneeded" and promised to work for its defeat. NTU President John Berthoud said Gov. Warner's proposed tax hike flouts the will of Virginia voters, who defeated tax-hike measures 14 months ago - in the November 2002 election. "Despite a multimillion-dollar campaign in favor...
  • CA: Many intrigued by bid to cap college fee hikes

    01/08/2004 1:26:06 PM PST · by NormsRevenge · 7 replies · 96+ views
    Sac Bee ^ | 1/8/04 | Lesli A. Maxwell
    <p>In his bid to stabilize student fees, Gov. Arnold Schwarzenegger could trade California's reputation as a provider of cheap, world-class higher education for something maybe more valuable to parents: more predictability about how much it will cost to send their child to college.</p>