O, Christmas Tree! O, Taxing Tree!

The tax bill (still being drafted in secret) is becoming a lobbyist’s dream, just in time for Christmas. The Democrat opposition to President Obama’s compromise has increased the negotiating power of every Representative and Senator, especially the Democrats. The vote by the House Democrat Caucus to denounce the unwritten bill “in its current form” is […]

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Coverdell Education Savings Accounts at Risk in Tax Debate

Lost in the framework agreement between the Obama Administration and congressional Republicans on extending tax relief is the future of Coverdell IRAs, savings accounts designed to help families pay for K-12 education expenses and tuition. Like their college counterparts, Coverdell IRAs allow parents to save money for K-12 education expenses tax-free. The Administration has had […]

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Holiday Treat for the Bush Tax Cuts?

Maybe it’s the holiday season, but if the reports are true President Obama and congressional Republicans have reached a compromise on extending the Bush tax cuts that gives taxpayers and the economy a wondrous gift. While details are sketchy and ever-so-important, President Obama announced he has agreed to extend all the Bush tax cuts for […]

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It Is NOT a Tax Cut

The “Bush Era Tax Cuts” are no longer “Tax Cuts.” In 2001 and 2003, the Congress approved a reduction in tax rates to spur the economy. The deal was, they would expire at the end of 2010 unless they were affirmatively extended. Let’s go to the calendar: 2001 was nearly 10 years ago. 2003 was […]

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Our Economy Can’t Afford More GM “Success” Stories

Celebrating the company’s Wednesday initial public offering, President Barack Obama last night called his government takeover of General Motors a “success story.” “American taxpayers are now positioned to recover more than my administration invested in GM,” he said. Left unsaid is the fact that if the Obama Administration keeps selling their GM stock at the […]

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Home Prices Double Dip in “Sudden Dramatic Drop”; 20% More to Come

TRUCKEE, Calif. – Clear Capital , is issuing this special alert on a dramatic change observed in U.S. home prices. “Clear Capital’s latest data shows even more pronounced price declines than our most recent HDI market report released two weeks ago,” said Dr. Alex Villacorta, senior statistician, Clear Capital. “At the national level, home prices […]

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Back Taxes May Stop Ground Zero Mosque

by Chana Ya’ar The real estate developer behind New York City’s impending Ground Zero Mosque allegedly is delinquent on paying the property taxes for the site. The company, 45 Park Place Partners, is listed in arrears on the January 2010 and July 2010 payments for the site – the old Burlington Coat factory — a total […]

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