Posts tagged as:

Obama

Obama Proposes Tax Breaks for Business: Too Little, Too Late?

8 September 2010

Where were you on December 1, 2007? It’s one of those dates that you’re likely not to remember. But according to the National Bureau of Economic Research, that’s about when the recession really started. If you believe that we’re still in a recession (and most economists seem to), that makes 34 months. We’ve had stimulus [...]

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Will the BP Spill Drive Up the Gas Tax?

4 June 2010

My daughter asked me the other day why the birds couldn’t breathe. It took me awhile to figure out that she was talking about what’s going on in the Gulf. We’re going on day 46 of the BP spill. So far, BP has tried robots, drilling a relief well, a contaminant dome, “Top Hat”, “Top [...]

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White House Backs Away from Tax Statements

8 April 2010

First it was Geithner. Now Volcker. Volcker, who falls under the “not a spring chicken” heading of politicos, is the current chair of the newly formed Economic Recovery Advisory Board. Before that, the was the Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan. So, the man has been witness to a [...]

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Poll Has White House Scratching Its Head

14 February 2010

A recent CBS News/New York Times poll has the White House scratching its head. Americans were asked, “In general, do you think the Obama Administration has increased taxes for most Americans, decreased taxes for most Americans or have they kept taxes the same for most Americans?” More than half of all those surveyed said that [...]

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Ask the taxgirl: Disabled benefits in 2009

8 February 2010

Taxpayer asks: I heard that I can get more money back from my taxes this year because I am disabled. Is this true? I am on fixed income and it would help me. Taxgirl says: I think what you’re referring to is the one time payment for retirees and disabled persons as part of Obama’s [...]

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2011 Budget & Tax Proposals

4 February 2010

I got a glimpse of the 2011 budget proposal on the news last night. It’s big. As in big thick book big. And I will admit to not having read all 192 pages yet. But I’m making progress. You can download the whole thing at once – or in little bits (as I have done) [...]

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What Obama’s Budget Might Mean For You

3 February 2010

I’ve received a bunch of comments and emails from taxpayers telling me what they think of Obama’s budget. I’ll be sharing some of them throughout the next few weeks, so keep them coming. If you’d like to blog on a specific topic, make sure that you check out my call for policy posts. Today, guest [...]

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State of the Union (Psst: It Ain’t So Good)

28 January 2010

Last night, President Obama delivered the annual State of the Union address. As it expected, it largely focused on the economy – especially taxes and job creation. If you didn’t manage to stay up for the whole thing – or you’re a closet Phineas and Ferb fan and opted to watch Disney instead – follows [...]

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Is the White House Banking on a Financial Industry Tax?

12 January 2010

I can’t imagine that this looked all that good on paper… Apparently, in an effort to recover the TARP money from banks and other groups that the White House is anticipating won’t actually be paid back to taxpayers, they’re going to tax the banks, who will likely pass along the tax to taxpayers – to [...]

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Businesses Get Tax Break

9 November 2009

Don’t get too excited. It’s not a huge tax break – but it’s not a bad one either. A bill that was rushed through recently passed in Congress, known as The Worker, Homeownership and Business Assistance Act of 2009, will allow businesses to apply losses retroactively. The bill, which was tacked onto the homebuyer’s credit [...]

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