In order to pay for a massive health care bill (H.R. 3590), Majority Leader Harry Reid (D-NV) creates a host of new taxes. These taxes will total $370.2 billion in the next ten years, and many of the taxes will start being collected in 2010, even as ...
On November 6, the Bureau of Labor Statistics announced that the unemployment rate had soared from 9.8 percent to 10.2 percent in October. Jobs losses in October--190,000--were higher than expected. As job losses mount, the monthly jobs report ...
The new House health care plan released by Speaker Nancy Pelosi (D-CA) contains more tax increases than were in the original House plans known as the "tri-committee bill." While Blue Dog Democrats can take some consolation in the fact that a few more ...
The New House Health Care Plan has several tax increases that will cost taxpayers $700 billion in the next ten years. Several of these taxes are new and were not in the earlier House bills. The Surtax The new Pelosi plan establishes a 5.4% surtax on ...
On Friday, the last day before a long weekend due to Columbus Day and on the eve of the Finance Committee vote, the Congressional Budget Office revealed some new information about the affect of the Baucus plan on premiums for health insurance. Surprise! ...
Under the Baucus plan, just about everyone who is not covered by a government health program will be required to purchase insurance by 2013. To help pay for the mandated minimum coverage, individuals and families with incomes below 4 times the poverty ...
The Bureau of Labor Statistics released the employment report for September, and the report was frightening: 263,000 jobs lost, well exceeding expectations. The unemployment rate climbed to 9.8 percent even as the labor force shrank. The continued ...
In his speech at the Brookings Institution yesterday, Vice-President Joseph Biden claimed credit for saving between five hundred thousand to one million jobs. There is no way to measure the number of jobs saved by the stimulus bill. A better way to ...
The Bureau of Labor Statistics reported today that in the month of July, the U.S. unemployment rate dropped from 9.5 to 9.4 percent despite the economy shedding 247,000 jobs. While this jobs report is hardly good news, it is still the least bad ...
President Barack Obama has repeatedly claimed that his economic stimulus bill will "create or save" 3.5 million new jobs by 2011, including 600,000 jobs "created or saved" by the end of this summer. It is impossible to hold the President accountable to ...
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