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Keyword: revenues

Brevity: Headers | « Text »
  • Saudi Arabia Approves Economic Reform Program

    04/25/2016 6:40:41 AM PDT · by Tolerance Sucks Rocks · 15 replies
    The Wall Street Journal ^ | April 25, 2016 | Margherita Stancati and Dahlia Kholaif
    RIYADH—Saudi Arabia, crimped by low crude prices, approved Monday a long-term blueprint for the kingdom’s economic transformation aimed at reducing its dependence on oil. The multiyear plan, dubbed “Saudi Vision 2030,” was approved by the cabinet, according to Saudi Arabia’s monarch, King Salman. The Saudi cabinet, in a statement carried by the official Saudi Press Agency, said the government’s economic council would be in charge of overseeing the vision’s implementation. Saudi officials later Monday were to present a broad overview of the country’s most extensive economic shake-up in decades. The steep drop in oil prices has given new urgency to...
  • Transportation funding expected to fall $6B short in Pennsylvania

    02/08/2016 12:54:21 AM PST · by Tolerance Sucks Rocks · 14 replies
    The Pittsburgh Tribune-Review ^ | February 1, 2016 | Melissa Daniels
    Pennsylvania will be about $6 billion short of being able to fund all the projects legislators promised their constituents during passage of Act 89, the transportation funding bill of 2013. Secretary Leslie Richards will break the news to the Senate Transportation Committee when she testifies Tuesday, according to a copy of her testimony obtained by the Tribune-Review. Pennsylvania's 12-year transportation plan covers about 2,800 projects at a cost of about $34 billion. But that exceeds the $28 billion in revenue projected to come in for that time frame. “The Corbett administration over promised projects by at least $6 billion compared...
  • New York Times Editorial: Why the Republican Tax Plans Won’t Work

    11/01/2015 5:50:18 AM PST · by SeekAndFind · 50 replies
    New York Times ^ | 10/30/2015 | The Editorial Board
    The Republican presidential candidates were full of tax talk at this week’s debate. But none has a tax plan coherent enough to be the basis of a substantive discussion, let alone one that could meet the nation’s challenges. Take, for example, the issue of how much revenue any plan would raise or lose. All of the Republican plans focus on tax cuts, so losses are all but inevitable. Quick-and-dirty calculations of proposals from Jeb Bush, Donald Trump, Marco Rubio and Ted Cruz show red ink running into the trillions of dollars. Yet candidates assert, against historical evidence, that revenue losses...
  • Digging into Northeast neglect

    08/22/2015 8:05:46 PM PDT · by Tolerance Sucks Rocks · 26 replies
    The Baltimore Sun ^ | August 21, 2015 | The Baltimore Sun
    It may have escaped the attention of Baltimoreans but things have gotten a little testy in the New York-New Jersey area in recent weeks over the state of century-old rail tunnels running under the Hudson River. The deteriorating condition of the tunnels is threatening Amtrak and other rail service, but how to pay for a $14 billion-plus replacement has proven a challenge. Unfortunately, that's not just a problem for New York City but for Baltimore and other stops along Amtrak's Northeast Corridor, the nation's most heavily traveled railway handling more than 750,000 passengers a day. The stations in Baltimore and...
  • And The Winner In The "Worst Idea At The Wrong Time" Category Is... (Ferguson)

    12/14/2014 7:46:24 AM PST · by blam · 18 replies
    Zero Hedge ^ | 12-13-2014 | Tyler Durden
    Tyler Durden 12/13/2014 The undisputed winner in this year's "Worst Idea At The Wrong Time" category is the poor suburb of Ferguson, Missouri, a town which was looted, burned and generally eviscerated on several occasions in the past few months as a result of public anger first at the murder of Mike Brown and subsequently, the acquital of the police officer who shot him. Why? Because according to Bloomberg, in order to close a municipal budget gap - and keep in mind the prevailing poverty in the region has been widely attributed as one of the reason for the escalating...
  • Suddenly, Google Looks Shaky [Reports Lower than Expected Revenue Growth]

    10/20/2014 1:14:41 PM PDT · by SeekAndFind · 4 replies
    Business Insider ^ | 10/20/2014 | Nicholas Carlson
    Last week, Google reported slower-than-expected revenue growth during the third quarter. Investors punished the company with a stock sell-off, and now Google shares are trading at $511.17, well below a 52-week high of $604.83.In a story on the disappointing earnings, BI's Jillian D'Onfro pinpointed Google's problem: its big business, search advertising, isn't growing as fast as it used to. In fact, it hasn't grown so slowly since six years ago.To be very specific: People didn't click on Google search ads as much as everyone thought they would during the quarter."Growth in paid clicks didn't accelerate as much as analysts expected...
  • Obama's Sequester Math: $300 Billion In New Revenues Called 'Spending Cuts'

    03/01/2013 4:25:26 AM PST · by IBD editorial writer · 4 replies
    Investor's Business Daily ^ | 02/28/2013 | IBD Staff
    Budget: When President Obama put out his "balanced" plan to avoid the automatic sequester cuts, no one noticed. Which is probably just as well for Obama, given how embarrassingly unbalanced it is. Last week, New York Times columnist David Brooks wrote about how Obama "hasn't actually come up with a proposal to avert sequestration, let alone one that is politically plausible." Turns out, Obama did have one, although Brooks can be excused for not knowing it, since the administration hasn't exactly been promoting this so-called plan.
  • Higher Tax Rates Don’t Equal Higher Revenues

    12/06/2012 9:57:10 AM PST · by SeekAndFind · 7 replies
    National Review ^ | 12/06/2012 | Michael Barone
    The fiscal-cliff negotiations seem to be foundering on Barack Obama’s insistence on higher tax rates on high earners and House Republican leaders’ insistence on opposing them. The president believes he has a mandate from voters for his position, and House Republicans believe they have a mandate from voters for theirs. The real argument here is over the size and scope of government. Under Barack Obama, federal outlays — the technical term for federal spending — have increased to over 24 percent of gross domestic product. That’s a higher level of federal spending than in any year since 1946, when we...
  • Lawmakers told Maryland can support 6th casino

    06/13/2012 8:13:17 PM PDT · by Tolerance Sucks Rocks · 3 replies
    The Washington Times ^ | June 12, 2012 | David Hill
    ANNAPOLIS — Maryland can support a sixth casino and adding table games would more than make up for the revenue that competing casino operators could lose, representatives from a consulting firm told state lawmakers Tuesday. Representatives from PricewaterhouseCoopers and the state’s Department of Legislative Services presented a report Tuesday to the state’s Work Group to Consider Gaming Expansion - a panel of legislators and executive-branch officials charged with deciding whether the General Assembly should hold a special session next month to consider a bill legalizing table games and adding a casino In Prince George’s County. Opponents have argued that adding...
  • Maryland faces special session or ‘doomsday’

    04/11/2012 12:03:10 PM PDT · by Tolerance Sucks Rocks · 6 replies
    The Washington Times ^ | April 10, 2012 | David Hill
    ANNAPOLIS — Maryland Gov. Martin O'Malley said Tuesday that the General Assembly’s failure to pass a set of tax increases and revenue enhancements considered a cornerstone of this year’s budget marked “the low point” of his five years in office. Lawmakers ran out of time on the measures when the session expired at midnight Monday, causing a so-called “doomsday budget” to go into effect. The state is facing some $512 million in cuts starting July 1 unless the governor calls a special session before then to generate more revenue and reverse budget cuts, which he seems likely to do. But...
  • Billy Graham Evangelistic Association Cuts Jobs While Revenues Rise

    03/03/2012 3:56:26 PM PST · by sreastman · 8 replies
    Faith Issues ^ | 3/3/2012 | Steve Eastman
    Billy Graham Evangelistic Association Cuts Jobs While Revenues Rise by Steve Eastman, Faith Issues Employees of non-profit religious organizations usually pray for donations to increase. Staff of the Billy Graham Evangelistic Association (BGEA) have seen those prayers answered recently, but close to 10 percent are losing their jobs anyway. According to a statement from the association, “This in no way reflects the financial health of the organization.” The most recent records show $91.6 million coming in last year. That’s compared to $85.7 million for 2010. The statement explains that BGEA “continues seeking ways to improve our effectiveness and incorporate advances...
  • Republicans put revenue in the mix

    11/09/2011 12:00:01 AM PST · by Redcloak · 31 replies
    Politico ^ | 11/7/11 11:39 PM EST | JAKE SHERMAN & SEUNG MIN KIM
    A remarkable thing has happened on the way to the supercommittee deadline: Republicans are beating the “we-want-more-revenue” drum. No, congressional Republicans haven’t taken up the mantle of tax increases, but as the Joint Select Committee on Deficit Reduction lurches toward its Nov. 23 deadline to cut $1.2 trillion from the nation’s deficit, GOP lawmakers are talking a lot about how to raise revenue and still stick to their no-tax-increase pledge.
  • Boehner on supercommittee: Tax increases are out, revenues could be in

    11/04/2011 2:22:06 AM PDT · by markomalley · 69 replies
    The Hill ^ | 11/03/11 | Russell Berman
    House Speaker John Boehner (R-Ohio) made clear on Thursday that when it comes to a deficit reduction deal, his position hasn’t changed: Tax increases are out, but new revenues could be in. The question of taxes and revenue has bedeviled congressional and administration negotiators for months, and they were at the center of the dispute between Boehner and President Obama when their talks for a possible “grand bargain” on the budget fell apart over the summer. As the clock ticks down on the deficit supercommittee to find at least $1.2 trillion in savings, the size and scope of new revenues...
  • Car accident leads to arrest for human trafficking

    10/28/2011 9:25:21 AM PDT · by moonshinner_09
    The Daily Planet ^ | October 28, 2011 | Katie Klingsporn
    A one-vehicle accident on rural Highway 141 on Monday triggered a search through the desert for passengers and eventually led to the arrest of one man for suspicion of human smuggling and the pending deportation of four of the passengers. Juan Denys Hernandez Varenez, a Cuban national, has been charged with four counts of smuggling of humans, a class 3 felony. The San Miguel Sheriff’s Office suspects that he was smuggling four undocumented foreigners to the Denver area when the sedan he was driving crashed. All of the passengers, including a 20-year-old female from Grand Junction whose involvement is unknown,...
  • Reid:S&P downgrade backs Dems' call for more revenue

    08/06/2011 8:43:43 AM PDT · by Cheerio · 109 replies
    TheHill ^ | 08/05/11 | Jamie Klatell
    Standard & Poor's decision to downgrade the nation's credit rating reinforces Democrats' call for increasing tax revenue, Senate Majority Leader Harry Reid (D-Nev.) said Friday.
  • Cuts Only? [Dems pushing for automatic tax increases if commission doesn't agree on cuts]

    07/30/2011 7:08:36 PM PDT · by ejdrapes · 31 replies
    NRO ^ | July 30, 2011 | Andrew Stiles
    Cuts Only? July 30, 2011 8:41 P.M. By Andrew Stiles Many liberals have lamented (and some conservatives boasted) that Senate Majority Leader Harry Reid’s (D., Nev.) deficit plan consists entirely of spending cuts. Hardly. To start, Reid’s plan proposes to set revenue levels according the Congressional Budget Office baseline, which follows current law, as opposed to current policy. Current law, of course, assumes the expiration of certain business tax extenders, the Alternative Minimum Tax patch, and the Bush tax rates. So in effect, Reid’s plan assumes an overall tax hike of about $3.5 trillion to $3.8 trillion over ten years....
  • (Maryland) Senate budget committee gets lesson in sales tax options

    07/27/2011 12:25:56 AM PDT · by Tolerance Sucks Rocks · 12 replies
    The Baltimore Sun ^ | July 26, 2011 | Julie Bykowicz
    A Senate committee listened Tuesday to the pros and cons of expanding Maryland's sales tax base to include more services, as well as goods purchased over the Internet. The Senate Budget and Taxation Committee spent the day in Annapolis receiving briefings on taxes, the federal debt ceiling, education funding and toll increases. Legislative committees meet occasionally between the 90-day General Assembly sessions. Tangible products, but few services, sold by Maryland retailers are taxed at 6 percent. This year, the sales tax is predicted to generate $4.2 billion, about 30 percent of the state's general fund revenue, according to the Department...
  • Consumer spending set to restrain second-quarter growth (Obama's Summer Of No Recovery, Version 3.0)

    06/27/2011 10:15:29 AM PDT · by tobyhill · 7 replies
    Yahoo ^ | 6/27/2011 | Reuters
    Consumer spending was flat in May, breaking a string of 10 straight months of gains, as households struggled with rising prices and automakers failed to deliver the models Americans wanted. When adjusted for inflation, spending slipped 0.1 percent, the Commerce Department said on Monday, falling for a second straight month. The report, which showed underlying inflation quickening, suggested that consumer spending would offer little support to the economy in the second quarter. In the first three months of the year, it advanced at a modest 2.2 percent annual rate. Consumer spending, which accounts for 70 percent of U.S. economic activity,...
  • Remember when getting a new car was a celebration, instead of being a stigma

    06/18/2011 3:20:59 PM PDT · by DallasBiff · 41 replies · 1+ views
    I noticed that a co-worker had gotten a new car while seeing each other in the parking lot and congratulated the person. The co-worker said "thank you", but stated that I shouldn't tell anyone else. The co-worker in my opinion felt they had a Scarlett Letter attached to them for buying not only a new car but an import model.
  • The Norquist–Coburn Feud Reignites: Are tax subsidies the same as tax cuts, or are they just...?

    06/16/2011 7:19:54 PM PDT · by neverdem · 16 replies · 1+ views
    NATIONAL REVIEW ONLINE ^ | June 16, 2011 | Andrew Stiles
    The Norquist–Coburn Feud ReignitesAre tax subsidies the same as tax cuts, or are they just subsidies? The feud between Sen. Tom Coburn (R., Okla.) and tax lobbyist Grover Norquist came to a head (again) this week as Republicans girded themselves for a potential deal on the debt ceiling. Sparks flew Tuesday when Coburn forced a cloture vote on an amendment to eliminate $6 billion in ethanol tax subsidies. Ethanol, however, was hardly the issue at stake. GOP leaders have made it clear that Republicans will not support a deal to raise the debt ceiling if it includes tax increases. But...
  • State revenues growing, but outlook "ominous"

    02/01/2011 9:57:35 AM PST · by NormsRevenge · 6 replies
    Yahoo Finance ^ | 2/1/11 | Lisa Lambert - Reuters
    WASHINGTON (Reuters) - State tax revenues continued to strengthen at the end of 2010, but even with that improvement the long-term outlook for most states "is still ominous," the Rockefeller Institute of Government said in a report released on Tuesday. "State fiscal recovery will be exceptionally slow and much longer compared to the prior recessions," said the group, which tracks states' finances and economies. Record revenue declines during the recession, increasing demands for more spending, and unemployment rates that remain nearly double their pre-recession levels mean that full economic recovery for many states will take several years, according to the...
  • Online degrees qualify cat to be your shrink

    01/27/2011 10:29:02 PM PST · by Immerito · 28 replies
    MSNBC ^ | January 27, 2011 | Helen A.S. Popkin
    <p>When seeking mental health care, it’s important to check the background of any one-on-one counselor you are considering. It's not enough to simply eyeball training and degrees, one must always take steps to ensure that the counselor or doctor is, in fact, human.</p>
  • Sen. John Ensign (Nevada) Demonstrates that the Bush Tax Cuts Raised US Revenue

    12/14/2010 5:04:31 PM PST · by dila813 · 3 replies
    CSPAN ^ | Today | Sen. John Ensign
    Sen. John Ensign Proves that Bush Tax Cuts Increased Federal Revenue and in fact the deficit is caused entirely due to the spending. I love his chart and it is indicative of what it takes to push back against Democratic Talking Points and I think represents the kind of communication that Conservatives have to emulate.
  • Low Tax Rates Will Generate Jobs As Well As Bring In More Revenue

    12/14/2010 5:31:28 PM PST · by Kaslin · 10 replies
    IBD Editorials ^ | December 14, 2010 | VICTOR SPERANDEO
    In the current jobs debate, one simple economic truth is often neglected: Low tax rates produce more government revenue, not less, and allow more private-sector jobs to be created. Why? Low tax rates leave more capital in private hands to be invested in the marketplace. As simple as this sounds, it's nonetheless often ignored by policy-makers. In short, capital in the hands of private entrepreneurs is invested, which is more efficient than giving it to the government to spend. Not that job creation takes place at the same pace everywhere when rates are cut. Large corporations, small businesses (including individual...
  • (Washington DC) Metro Fare Increases a Factor in Decreased Ridership

    11/29/2010 12:23:12 PM PST · by ReleaseTheHounds · 13 replies
    WASHINGTON (AP) - A Metro report says fare increases have been a factor in decreased ridership. Over the summer Metro increased fares for bus and rail riders in an effort to fill a projected $189 million budget deficit. The hikes were expected to generate more than $100 million, but through October the agency is more than $11 million below where it projected it would be according to a new financial report...
  • Virginia Boasts Revenue Surplus

    07/14/2010 3:51:14 PM PDT · by Virginia Ridgerunner · 14 replies
    WCYB TV5 ^ | July 14, 2010 | WCYB 5 Staff
    Governor Bob McDonnell announced today that the Commonwealth of Virginia posted a preliminary revenue surplus at the conclusion of the 2010 fiscal year on June 30th. The Governor estimated the surplus, after miscellaneous interest payments are distributed, will be at least $220 million.
  • When Will Apple Overtake Microsoft? (once AAPL revenues overtake MSFT, MSFT will never catch up)

    04/27/2010 8:03:20 AM PDT · by SeekAndFind · 22 replies · 786+ views
    Seeking Alpha ^ | 04/26/2010 | Robin Bloor
    In Q1 2011... is the likely answer. Take a look at the graph below. You are looking at Microsoft’s (MSFT) and Apple’s (AAPL) annualized revenues, with figures derived by taking averages over each 4 successive quarters. It includes the latest quarter, just reported. I’ve drawn trend lines for both companies’ revenue growth over the bars, and faintly filled in the projected annualized revenues in light blue and grey. The trend line starts in the 3rd Quarter 2007, which is the quarter that followed Apple’s unleashing of the iPhone. Apple’s revenue growth is dominated by the iPhone, which now accounts for...
  • CA: Statewide Ad Blitz Warns of Soaring Class Sizes, Toll on Students

    02/24/2010 4:22:05 AM PST · by Oldeconomybuyer · 25 replies · 396+ views
    California Teachers Association ^ | February 16, 2010 | Mike Myslinski
    BURLINGAME – Taking to the airwaves to sound the alarm about stopping cuts to public education, the California Teachers Association today launched radio ads statewide underscoring the toll on students from cuts. The radio ads reflect the dire concerns witnessed by educators reeling from $17 billion in California education cuts over the last two years, the largest cuts since the Great Depression. Instead of investing in education, the governor is proposing new education cuts of $2.5 billion. The state ranks 46th in education spending, while a new UCLA study shows state cuts led to increased class sizes in 74 percent...
  • Flashback: Raise GDP to Raise Tax Revenues: That's a Fact(High Taxation, Diminished GDP)

    01/30/2010 4:40:26 AM PST · by Son House · 4 replies · 276+ views
    The Greens Real World Blog ^ | JUNE 12, 2008 | By James
    Would you like to befuddle, if not belittle, your far left tax raising friends, neighbors and associates? Provide them with a copy of the accompanying FACT based article and demand a FACT based counter position. Since there is none you will not have to wait long. History and the numbers have a way of escaping the far left when such hard information does not fit their purely doctrine based agenda. My favorite line in this piece is the closing short paragraph, "Presidential candidates, instead of disputing how much more tax to impose on whom, would be better advised to come...
  • Total Revenues and Outlays (CBO pr

    01/26/2010 12:27:09 PM PST · by Thebaddog · 7 replies · 684+ views
    CBO ^ | 1.20.10 | Congressional Budget Office
    The Congressional Budget Office projects that if current laws and policies remained unchanged, the federal budget would show a deficit of $1.3 trillion for fiscal year 2010. That amount would be slightly smaller than the 2009 deficit but, as a share of the economy as a whole (measured by gross domestic product, or GDP), it would still be the second largest since World War II. The budget picture remains daunting beyond this year, with deficits averaging about $600 billion annually from 2011 through 2020. Those estimates are not intended to be a prediction of actual budget outcomes; rather, they indicate...
  • Retail Sales Still Lag, Although Discount Stores Improve

    12/04/2009 4:32:42 PM PST · by Diana in Wisconsin · 2 replies · 328+ views
    All Headline News ^ | December 4, 2009 | Melvin Baker
    New York, NY (AHN) - Retail continues to lag behind other sectors of the American economy, with government and private reports indicating mixed results for November. Department stores added 8,000 jobs over the month, the Labor Department reported Friday, while jobs in the shopping center industry fell by 14,000, a trade industry group said Thursday. The International Council of Shopping Centers (ICSC) said a survey of 32 retail chain stores found that November sales dipped 0.3 percent from November 2008. Sales had been up the previous two months. Department stores had the most disappointing results, dropping 4.5 percent from a...
  • CA: State revenues already $1 billion below budget estimates

    10/09/2009 3:20:15 PM PDT · by NormsRevenge · 15 replies · 610+ views
    Sac Bee ^ | 10/9/09 | Andrew McIntosh
    Just three months into the fiscal year, the state's total general fund revenues are already $1.1 billion below estimates made in the recently amended budget, Controller John Chiang said today. Chiang delivered the grim news in his monthly report covering California's cash balance, receipts and disbursements in September. He urged lawmakers to prepare for more tough decisions. "Revenues more than $1 billion under estimates and recent adverse court rulings are dealing a major blow to a budget that is barely 10 weeks old," Chiang said in a statement. "While there are encouraging signs that California's economy is preparing for a...
  • Dan Walters: Locals set revenue trap for non-local motorists

    03/06/2009 8:29:01 AM PST · by SmithL · 29 replies · 959+ views
    SacBee: Capitol Alert ^ | 3/6/9 | Dan Walters
    The proximate cause of the American revolution, one might recall, was taxation without representation – resentment that a British government 3,000 miles away could impose taxes it wanted on its colonists without recourse. California's local governments, in their never-ending search for revenues to replace the property taxes they lost in Proposition 13 – and, more recently, declining sales taxes – have been emulating King George. Local governments impose hugely disproportionate taxes on hotel rooms, rental cars and other commercial transactions that will be paid mostly by those who don't live in the city, can't vote, and/or will recoup the levies...
  • State works projects at risk in budget mess (CA state revenues $500 million less than expected)

    12/09/2008 4:11:09 PM PST · by St. Louis Conservative · 4 replies · 419+ views
    The San Francisco Chronicle ^ | December 9, 2008 | Matthew Yi
    In as few as nine days, nearly $5 billion worth of public works projects in California, including schools, roads and bridges, could be halted or indefinitely delayed - leading to the loss of thousands of jobs - unless lawmakers fix the state's massive budget mess, state Treasurer Bill Lockyer said Monday. Lockyer was among the state's highest-ranking finance officials to speak Monday before the Legislature's unprecedented joint session, warning lawmakers to quickly address the state's projected $11.2 billion revenue shortfall for the current fiscal year. If no solution is enacted soon, the state could run out of cash by mid-March....
  • California Lottery revenues are drooping

    12/05/2008 10:10:54 AM PST · by NormsRevenge · 10 replies · 773+ views
    Sac Bee ^ | 12/5/08 | Peter Hecht
    Gov. Arnold Schwarzenegger and state lawmakers may be banking long-term budget strategies on a revamped state lottery producing enhanced revenues. But for now, sales from the existing California Lottery are sputtering compared to a year ago, the state lottery commission learned this week. Lottery ticket sales, including Super Lotto Plus, Mega Millions, Fantasy 5 and scratcher games, dropped by 10 percent during the first four months of the fiscal year beginning July 1. The $985 million in ticket sales represented a $105 million drop in sales compared with the same period last year. Lottery officials blamed the economic downturn for...
  • Growth In Federal Tax Revenues From 2003 To 2006(Lower Tax Rates Increase Tax Revenues Collected)

    02/01/2008 7:52:48 AM PST · by Son House · 46 replies · 1,103+ views
    Congressional Budget Office. ^ | May 18, 2007 | Peter R. Orszag
    Sources of Growth in Tax Revenues ....The bulk of the revenue increase was associated with corporate income taxes: Revenues from corporate income taxes rose from 1.2 percent of GDP in 2003 (their lowest level since 1983) to 2.7 percent in 2006 (their highest level since 1978). ....Revenues from individual income taxes increased 0.6 percentage points, from 7.3 percent of GDP in 2003 to 8.0 percent in 2006. Corporate Income Tax Revenues. Roughly two-thirds of the increase of 1.5 percentage points in corporate income taxes relative to GDP can be attributed to increases in corporate profits, according to current measures in...
  • Revenue Blowout (Tax cuts keep on giving: Bush's fault.)

    04/30/2007 7:06:20 PM PDT · by Western Civ 4ever · 13 replies · 708+ views
    First Trust Portfolios ^ | 04/30/2007 | Brian Wesbury
    The U.S. Treasury Department reported a gusher of tax revenue last week. Tuesday alone, the Treasury received $48.7 billion from individual taxpayers as their final tax payment for 2006, an all-time single-day record, and one-third higher than the same day last year. Based on information available through Friday, we estimate federal receipts at about $390 billion in April. This would be the largest tax take for any month in American history, up 25% versus last April, and up 18% versus the previous record high in April 2001. With incomes and profits growing rapidly, the U.S. budget deficit will fall to...
  • CA: Income tax revenues down

    01/24/2007 10:28:47 PM PST · by NormsRevenge · 25 replies · 630+ views
    Sac Bee ^ | 1/24/07 | Clea Benson
    Estimated personal income-tax payments, a key predictor of California's financial situation for the year ahead, are significantly down from expectations in recent weeks, the Legislature's nonpartisan budget adviser said Wednesday. In December and January, Californians paid about 15 percent less on income from investments and other non-salary earnings than Gov. Arnold Schwarzenegger predicted earlier this month when he proposed a state budget. Overall, the state has earned about $1 billion less than expected since December. The drop was offset by an up tick in corporate tax payments, which were about $350 million above projections. Legislative Analyst Elizabeth Hill cautioned lawmakers...
  • Up in Smoke - ...Houston once again threatens the right to light up in bars

    09/08/2006 11:26:23 AM PDT · by weegee · 18 replies · 788+ views
    Houston Press ^ | Article Published Sep 7, 2006 | By John Nova Lomax
    Up in Smoke City Hall and the Greater Houston Restaurant Association once again threaten the right to light up in bars Health nuts are gonna feel pretty stupid someday, lying in hospitals, dyin' o' nothin'. -- Redd Foxx Here we go again...City Hall is a-rumble once more with talk of a smoking ban in bars. And no, they aren't responding to a groundswell of popular support -- they are acting at the behest of the Greater Houston Restaurant Association, which has now officially flip-flopped from its partial-ban position from last year. You'll recall that sensible, live-and-let-live legislation -- it banned...
  • What we could learn from John F. Kennedy, Ronald Reagan and George W. Bush

    07/14/2006 1:14:08 AM PDT · by FairOpinion · 17 replies · 686+ views
    Canada Free Press ^ | July 13, 2006 | Klaus Rohrich
    It seems that every 20 years or so social democrats have to relearn the same lessons. Laid out by three American presidents over the last 40-odd years, the lesson is that lower taxes increase government revenue. Voodoo economics? No, it’s proven to have worked three different times and each time the results have been the same. The latest evidence that low taxes are good for the economy is the announcement by the U.S. Treasury Department that U.S. government revenues will be $274 billion higher than anticipated this year and are expected to be $243 billion higher the next year. Despite...
  • Iran's envoy to Havana meets Cuban Minister [Barf]

    01/24/2006 1:38:28 AM PST · by familyop · 9 replies · 335+ views
    IranMania ^ | 24JAN06 | IranMania
    LONDON, January 24 (IranMania) - Islamic Republic of Iran's Ambassador to Cuba Ahmad Edrisian conferred with that country's Government Minister Gabrisas in Havana, IRNA reported. According to Foreign Ministry Media Department, Edrisian during the meeting presented a report on bilateral economic ties, Iran's stand on its peaceful nuclear program, and President Mahmoud Ahmadinejad's recent proposal on status of observing the human rights in the West. The Cuban minister, who is in charge of the two countries' joint economic commission, too, expressed satisfaction over the improving trend of the two countries' economic and business relations that he said are now stronger...
  • Iran, Russia stress political, economic ties [Earp]

    01/24/2006 1:41:31 AM PST · by familyop · 9 replies · 377+ views
    IranMania ^ | 24JAN06 | IranMania
    LONDON, January 24 (IranMania) - Deputy Foreign Minister for Asia and Pacific Affairs Mehdi Safari in a meeting with his Russian counterpart Alexander Alexiev explored the latest developments on bilateral relations, regional issues as well as cooperation on global trends, IRNA said. The two sides stressed on economic relations and cooperation in transportation sector and other areas with potentials. It was also decided to hold the joint economic commissions session or upgrading mutual trade and investments. Alexiev also said Moscow is determined for implementing its obligations on Bushehr nuclear powerplant. The Russian official said the powerplant operation will be carried...
  • Surging revenues highlight governor's budget (Schwarzenegger, CA)

    01/11/2006 9:41:30 PM PST · by FairOpinion · 13 replies · 253+ views
    San Bernardino Sun ^ | Jan. 11, 2006 | Tom Chorneau
    California's tax revenues are surging ahead of expectations, giving an election-year jolt to the state budget and providing more money for public schools, health services and higher education, according to a budget proposed Tuesday by Gov. Arnold Schwarzenegger. The governor, a Republican, revealed a $125.6 billion spending plan for the 2006-2007 fiscal year that does not raise taxes while providing a 7 percent boost in spending over this fiscal year. The plan also marks the first time in several years that the state projects enough tax revenue to cover spending without significant borrowing, a reversal from budget deficits that reached...
  • Big Three Net Revs Down 21.5%

    11/16/2005 12:43:49 PM PST · by LdSentinal · 33 replies · 958+ views
    Braodcast and Cable ^ | 11/16/05 | John Eggerton
    The Big Three network ad revenues (ABC, CBS, NBC) were down 21.5% for the third quarter compared with the same quarter last year and down by 8.3% year-to-date. That's according to the latest numbers from the Broadcast Cable Financial Management Association. Total net revenues were $2.2 billion for the quarter, down $605 million, but that and more was accounted for by the $707 million drop in sports advertising that was almost entirely a result of the absence of the Olympic Games. Compared to the non-Olympic year of 2003, ad revs are up 4% and sports revs down only a percent....
  • Rising revenues boost states' budgets - States' Budget Woes Subside for Now

    08/18/2005 9:31:15 AM PDT · by NormsRevenge · 4 replies · 307+ views
    AP on Yahoo ^ | 8/18/05 | David Ammons - AP
    OLYMPIA, Wash. - State tax collectors are unexpectedly busy across America, and many states have built strong reserves that exceed Wall Street's recommendations. Yet lawmakers and governors are worried. A new report from the National Conference of State Legislatures says state budgets are in the best shape in five years, thanks to "robust" tax collections and tough budgeting. Collectively, the states have reserves of 7 percent, almost twice what they projected and well above the 5 percent cushion that Wall Street suggests. But the same report, released Wednesday at the legislative group's convention in Seattle, said the pressure to spend...
  • When a Lot More Still Isn’t Enough - (greedy state politicians eyeing internet for new revenues)

    06/29/2005 3:47:45 PM PDT · by CHARLITE · 2 replies · 287+ views
    States are raking in tax receipts, but given their constant moaning about needing to tax Internet sales and access, as well as voice-over-Internet protocol telephone service, who would know? Alaska, for instance, has seen its tax revenues soar nearly 40% from July of last year to March of this year. No other state has had such a jump, but many are nevertheless getting fatter. California and Arizona each had tax receipts grow about 17% during that period. In Virginia, the increase has been almost 15%, while Florida’s tax coffers have grown 13%. For the first quarter this year, the national...
  • Rush Limbaugh: Unexpected Tax Revenue Result of Good Economy

    05/05/2005 6:07:40 PM PDT · by wagglebee · 10 replies · 1,178+ views
    RushLimbaugh.com ^ | 5/5/05 | Rush Limbaugh
    Well, have you heard the news? "After three years of rising federal budget deficits, a surge of April tax receipts brought unexpected good news to fiscal policymakers -- the tide of government red ink appears to be receding. The Treasury Department this week reported..." This is how much money we're talking about. "The Treasury Department this week reported there would be a $54 billion swing from projected deficit to surplus in the April-to-June quarter, after an unanticipated gush of tax payments poured into the Treasury before the April 15 deadline. That prompted private forecasters to lower their deficit projections for...
  • Toronto can learn from California (envirofascists and politics)

    02/23/2005 8:42:07 AM PST · by MikeEdwards · 14 replies · 611+ views
    CFP ^ | February 23, 2005 | Arthur Weinreb
    People on the left coast tend to be more environmentally friendly (or obsessed) than many other North Americans are. Toronto Mayor David Miller and his comrades on council no doubt look to some aspects of that western state with envy. In an attempt to lower pollution and save the planet so to speak, Californians are buying hybrid cars in record numbers. Last week, CBS News gave an example of a young college student who purchased a hybrid car and managed to save approximately $300 less a month on gas. And therein lies the problem. California officials are now concerned about...
  • A Dichotomy in Two Colors

    11/20/2004 11:35:26 PM PST · by Borges · 20 replies · 1,497+ views
    A Dichotomy in Two Colors by Christopher Westley [Posted November 19, 2004] Call it the mystery of the red and the blue. After the presidential election, many have noticed the irony of how some of the more conservative, culturally red states seem to receive more in federal spending than they pay in federal taxes. Meanwhile, some of the more liberal, culturally blue states seem to receive less in federal spending than they pay in federal taxes. You’d think the supposedly anti-Washington reds should be blues and the supposedly pro-Washington blues should be reds. After all, the red states seem to...
  • WSJ: What? Spending Restraint? -- The lame-duck Congress may not be a lame as we thought.

    11/19/2004 6:07:51 AM PST · by OESY · 7 replies · 743+ views
    Wall Street Journal ^ | November 19, 2004 | Editorial
    ...The end of the last fiscal year on September 30 brought good news on the deficit front. And there's a fighting chance that the current lame-duck Congress will actually exercise some restraint in its appropriations for 2005. The media Furies and partisans are all astir because Congress voted to raise the debt limit again this week, as if not lifting the borrowing cap and defaulting was a viable option for the U.S. But the real story emerging this week is that the White House finally seems serious about holding the line on its budgetary spending strictures -- and won't stand...