Keyword: increase

Brevity: Headers | « Text »
  • PhRMA warns out-of-pocket costs could double under O-Care

    05/16/2014 9:53:40 AM PDT · by Nachum · 15 replies
    The Hill ^ | 5/16/14 | Ferdous Al-Faruque
    A new study commissioned by PhRMA finds that many consumers in ObamaCare’s insurance exchanges could end up paying more than twice as much in out-of-pocket drug costs. The report for the nation’s top drug lobby was conducted by actuarial firm Milliman, which found that people on the Silver Plan, the most popular ObamaCare plan, would likely pay 130 percent more for out-of-pocket prescription drugs compared to people on similar employer-sponsored plans. One reason why out-of-pocket costs are likely to be higher is because employer plans are more generous than typical Silver Plans, according to the report. However, the numbers don’t...
  • Health Plan Premiums Are Skyrocketing According To New Survey Of 148 Insurance Brokers,

    04/09/2014 6:27:13 AM PDT · by xzins · 27 replies
    Forbes ^ | 7 Apr 14 | Dr. Scott Gottlieb
    Health Plan Premiums Are Skyrocketing According To New Survey Of 148 Insurance Brokers, With Delaware Up 100%, California 53%, Florida 37%, Pennsylvania 28%13 Health insurance premiums are showing the sharpest increases perhaps ever according to a survey of brokers who sell coverage in the individual and small group market. Morgan Stanley’s healthcare analysts conducted the proprietary survey of 148 brokers. The April survey shows the largest acceleration in small and individual group rates in any of the 12 prior quarterly periods when it has been conducted. The average increases are in excess of 11% in the small group market and...
  • Obama signs increase in U.S. debt ceiling (thru March 2015)

    02/15/2014 6:56:11 PM PST · by NormsRevenge · 27 replies
    Reuters on Yahoo ^ | 2/15/14 | Steve Holland - Reuters
    RANCHO MIRAGE, California (Reuters) - President Barack Obama signed legislation on Saturday that raises the U.S. debt limit through March 2015, taking the politically volatile issue off the table with congressional elections coming up this November. Without an increase in the statutory debt limit, the U.S. government would have soon defaulted on some of its obligations and would have had to shut down some programs, an historic event that would have caused severe market turmoil. On a long holiday weekend in a desert resort area in southern California, Obama put his signature on the legislation without fanfare, while behind closed...
  • 2013 aliya numbers

    01/12/2014 3:36:06 PM PST · by Eleutheria5 · 3 replies
    Jerusalem Post ^ | 29/12/13 | Sam Sokol
    The immigration of Diaspora Jews to Israel increased by seven percent in 2013 while North American aliya dropped by 11 percent, according to figures released by the Jewish Agency and the Immigrant Absorption Ministry on Sunday. The overall increase was partially driven by a 63% increase in aliya from France, part of a 35% rise among Western European nations. In total 19,200 Jews immigrated to Israel, a rise of 260 from the previous year. While the official figures listed an 11% drop in aliya from North America with some 3,000 immigrants coming over the past year as opposed to 3,389...
  • Heritage Chart Illustrates Higher Health Insurance Premiums After Obamacare

    10/17/2013 3:18:10 PM PDT · by Kaslin · 12 replies
    Rush Limbaugh.com ^ | October 17, 2013 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Right here my formerly nicotine-stained fingers. It prints out perfectly on one page. I will show it to you. Yep. I'll show it to you there on the Dittocam. That's what it looks like. What it does, is state by state it tells you what your health insurance premiums were before Obamacare and the exchanges, what they will be after (i.e., when you go there), and what percentage change it is for an adult age 27, an adult age 50, and a family of four. Now, I'm gonna show you this. If you look at the colors,...
  • Obamacare Will Increase Avg. Individual-Market Insurance Premiums By 99% For Men, 62% For Women

    09/25/2013 3:11:45 PM PDT · by tobyhill · 11 replies
    forbes ^ | 9/25/2013 | Avik Roy
    For months now, we’ve been waiting to hear how much Obamacare will drive up the cost of health insurance for people who purchase coverage on their own. Last night, the U.S. Department of Health and Human Services finally began to provide some data on how Americans will fare on Obamacare’s federally-sponsored insurance exchanges. HHS’ press release is full of happy talk about how premiums will be “lower than originally expected.” But the reality is starkly different. Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97...
  • READ MY LIPS...

    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...
  • Health Premiums Climbed $2,976 Since 2009, Despite Obama Vow to Cut them $2,500

    08/23/2013 5:48:17 AM PDT · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 08/23/2013 | John Merline
    The average employer-provided family health insurance premiums have climbed $2,976 since 2009, according to an annual Kaiser Family Foundation survey released this week. They're up $3,671 compared with the year before President Obama took office. That's despite Obama's repeated promises that the health care reform law he championed would cut premiums by $2,500 in his first term. And while annual premium increases have moderated over the past two years, that's due to trends in the insurance market largely unrelated to ObamaCare, and trends the law could actually reverse.
  • Pelosi: 'You're Mandated to Have Health Insurance, Yes, You Will Have An Increase'

    06/06/2013 3:03:06 PM PDT · by Nachum · 19 replies
    Cybercast News Service ^ | 6/6/13 | Elizabeth Harrington
    House Minority Leader Nancy Pelosi (D-Calif.) said on Thursday that health insurance premiums will go up under Obamacare because people who did not buy insurance before, and thus had no premium at all, will now be forced to buy insurance. She also urged people to be “optimistic” about Obamacare. “You just see,” Pelosi said. “I mean be optimistic about it. It is a very, very exciting enterprise.” Pelosi told reporters during a Capitol Hill press conference on Thursday that she never promised that every single American
  • California Regulators Hide Obamacare Rate Shock With Misleading Comparison

    05/30/2013 5:55:08 PM PDT · by grundle · 3 replies
    Reason ^ | May 30, 2013 | Peter Suderman
    Do recently announced insurance rates for California's health exchange prove that worries about rate shock for health premiums are overblown? Not really. If anything, they suggest that concerns about big premium increases remain legitimate. At the end of last year, California’s health insurance regulators wrote a letter to Health and Human Services Secretary Kathleen Sebelius warning that state officials expected health insurance “rate shock as markets transition to [Obamacare’s] rating rules.” But last week, after insurers participating in California’s health insurance exchange announced rates for the first year, supporters of the health care law were quick to declare that there...
  • Family Medical Costs Still Rising (Obamacare destroys American Healthcare)

    05/22/2013 11:53:05 AM PDT · by tobyhill · 4 replies
    ny times ^ | 5/22/2013 | By REED ABELSON
    The good news is health care costs are going up more slowly. The bad news is that families continue to see larger medical bills. The typical cost to cover a family of four now exceeds $22,000, including the amount paid in insurance premiums and out-of-pocket costs, according to the latest Milliman Medical Index for 2013. Milliman, an actuarial and benefits consultant, puts the cost at slightly less than the amount a family might pay to send a child to an in-state public college for a year. This year’s increase over last was only 6.3 percent, according to the analysis from...
  • Proof That ObamaCare Will Fuel Health Care Inflation

    05/08/2013 5:56:13 AM PDT · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 05/07/2013 | IBD Staff
    Health Costs: Americans were promised that ObamaCare would make their health care more affordable. But a pair of studies show the new system has done nothing to lower health costs and will sharply raise them. Between 2009 and 2011, U.S. health spending rose just 3.9% a year, the lowest annual gains in decades. The Obama administration was quick to claim credit for the slowdown, with Health and Human Services Secretary Kathleen Sebelius saying ObamaCare had "contributed to the slowest sustained growth in health spending in 50 years." But two new studies make it clear that ObamaCare wasn't behind the slowdown...
  • Minnesota House passes tax bill, raises taxes on biggest earners

    04/25/2013 5:29:32 AM PDT · by TurboZamboni · 16 replies
    pioneer press ^ | 4-25-13 | Billy Salisbury
    House DFLers are going after "The One Percent" in a big way. Make that the 1.1 percent of Minnesotans who earn the highest incomes. The DFL-controlled House passed a tax bill -- 69-64 with all Republicans voting "no" -- Wednesday, April 24, that creates a new, fourth income tax bracket with an 8.49 percent rate -- up from the current 7.85 percent rate -- for the top-earning 1.1 percent of Minnesotans -- couples with taxable incomes over $400,000. On top of that, the bill would impose a temporary 4 percent income tax surcharge on the 0.5 percent of taxpayers making...
  • Minnesota health plans see increased costs in 2012

    04/02/2013 5:32:46 AM PDT · by TurboZamboni · 4 replies
    pioneer press ^ | 4-2-13 | chris snowbeck
    Health care spending in Minnesota is on the rise again. Per-person spending by the state's nonprofit health insurance companies on medical care during 2012 rose 5.1 percent from the previous year, according data released Monday, April 1, by the Minnesota Council of Health Plans. That was a significant jump compared with the rate of medical cost inflation during 2010 and 2011, according to the St. Paul-based trade group. In 2011, for example, the annual increase in per-person spending was 0.4 percent -- likely because some patients delayed elective procedures during the slow economic recovery, experts say.
  • Second study this week shows ObamaCare will drive up premiums (Corroboration)

    03/29/2013 1:23:21 PM PDT · by SeekAndFind · 6 replies
    Hotair ^ | 03/29/2013 | Ed Morrissey
    When I first read it, I thought this New York Times report from late last night was just late to the party. The Society of Actuaries had already released its analysis of the damage that ObamaCare will do to health-insurance costs, and HHS Secretary Kathleen Sebelius had already admitted that prices would go up as government forced people to buy bigger comprehensive policies. CNN even went so far as to ask whether Barack Obama and his administration had “misled” voters over the costs of ObamaCare.This study, though, is actually separate from the SoA’s analysis. The state of California commissioned this...
  • I Promise! Barack Obama’s Great Deception on Healthcare Premiums

    03/28/2013 2:31:51 PM PDT · by Starman417 · 5 replies
    Flopping Aces ^ | 03-28-13 | Anticsrocks
    Remember way back to the 2008 Presidential campaign? Then Senator Obama made a promise, one he repeated over and over for the next few years. Here's a refresher of what he said: "If you’ve got insurance through your employer, you can keep your insurance. We estimate we can cut the average family’s premium by about $2,500 per year. If you don’t have health insurance, then we’re going to provide you the option of buying into the same kind of federal pool that both Sen. McCain and I enjoy as federal employees. We’re going to make sure insurance companies can’t discriminate...
  • LaHood: Forced cuts mean flight delays, some control tower closures

    02/22/2013 10:42:54 AM PST · by xzins · 23 replies
    CNN ^ | 12:38 PM EST, Fri February 22, 2013 | CNN Staff
    <p>Short CNN articles must be excerpted to 50% of content.</p>
  • New year + new health care law = new tax rates

    01/01/2013 5:26:40 AM PST · by TurboZamboni · 5 replies
    pioneer press ^ | 12-31-12 | Tony Pugh
    WASHINGTON -- The tax man is coming in 2013. And he's wearing surgical scrubs and has a stethoscope around his neck. Five new tax increases take effect Jan. 1 to help pay for the nation's health care overhaul. New provisions of the Affordable Care Act require affluent taxpayers to pay more for Medicare and, for the first time, have their investment income subject to Medicare taxes as well. Also, people who use flexible spending accounts for health care expenses will pay higher taxes. And taxpayers who spend a lot out of pocket on their health care will find it harder...
  • Why your paycheck's getting smaller, no matter what: There may be no escaping higher taxes come Jan.

    12/31/2012 12:40:50 PM PST · by 2ndDivisionVet · 17 replies
    CNN Money ^ | December 30, 2012 | Emily Jane Fox
    President Obama is trying to push through legislation to keep broader middle class income taxes from rising by Monday night. But they may still have to pay at least 2% more in payroll taxes. That's because the government had temporarily lowered the payroll tax rate in 2011 to 4.2% from 6.2%, in an effort to keep more cash in the pockets of Americans and provide a boost to the economy. The tax cut, which applies on the first $113,700 in annual earnings, is expiring in December. Come 2013, most of the country's 160 million workers will see smaller paychecks. No...
  • The End of Bush Tax Rates Should Make Liberals Happy

    12/23/2012 8:08:16 AM PST · by TurboZamboni · 14 replies
    freedom outpost ^ | 12-22-12 | tim brown
    Families, Average Income $70,662: $4,138 tax increase. Baby Boomers, Average Income $95,099: $4,223 tax increase Low Income Workers, Average Income $24,757: $1,207 tax increase Millennials, Average Income $23,917: $1,099 tax increase Retirees, Average Income $42,553: $857 tax increase Note that these income figures are Adjusted Gross Income (AGI). Number of filers and AGI are estimates for 2013. Take a look at the full details here. Interestingly enough, liberals say this is a bad thing, but for them it would simply be returning to the Clinton Era Tax rates, right? Aren’t they the ones who have been saying those were the...
  • Antarctic Sees Record Growth in Sea Ice (WDJ Video Report)

    11/12/2012 11:56:09 AM PST · by Ernest_at_the_Beach · 10 replies
    wsj.com/video ^ | 11/12/2012 12:55:35 PM2:58 | Robert Lee Hotz
    Northward winds are driving the record growth of winter sea ice around Antarctica, which stands in contrast to the extensive melting of the Arctic sea ice in recent years. Robert Lee Hotz has details on Lunch Break.
  • Keeping Your Balance: 2012 and the end of the ‘Bush-era tax cuts’

    10/07/2012 7:56:40 PM PDT · by Behind Liberal Lines · 19 replies
    Copyright © 2012, The Daily Record. ^ | Posted: 1:13 am Fri, October 5, 2012 | By Burton S. Speer
    Without congressional action, at the end of 2012 the so-called “Bush-Era tax cuts” will expire, impacting nearly all taxpayers. Bush-Era tax cuts is the term generally used for the 2001 and 2003 Tax Reconciliation Acts. These changes were to last only 10 years, but a 2010 Tax Act extended the cuts until the end of 2012.... Let’s take a look at the following couple. They are doing well, having combined wages of $125,000. They have 2 young children, $2,000 of capital gains, and $500 of dividend income. Under current rules, they would have a federal income tax of $15,810. However,...
  • Goodbye FY 2012, Hello FY 2013, Debt increases $145 Billion in 2 days, what used to take 6 mos.

    10/02/2012 9:05:03 PM PDT · by Steelers6 · 1 replies
    Treasury Direct ^ | October 2, 2012 | Steelers6
    Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding 09/27/2012 11,255,558,023,360.29 4,759,573,001,202.25 16,015,131,024,562.54 09/28/2012 11,269,585,800,039.32 4,796,655,607,346.57 16,066,241,407,385.89 10/01/2012 11,310,911,679,511.83 4,848,575,333,788.52 16,159,487,013,300.35
  • Economists: Deficit reduction requires both spending cuts and more taxes

    09/24/2012 10:31:04 AM PDT · by TurboZamboni · 23 replies
    ap ^ | 9-24-12 | AP
    National Association for Business Economics recently surveyed say the country needs more fiscal stimulus through 2013, but by 2014 it should be time to throttle back. The reason for the delay: the sluggish nature of the country's economic recovery. A majority of the economists favor extending payroll tax cuts, current marginal income tax rates and current tax rates for dividends and capital gains for most or all taxpayers through 2013. Deep tax cuts that were passed under President George W. Bush expire at the end of December unless Congress takes action. At the center of debate: extending the cuts for...
  • Now who’s a dummy?

    09/09/2012 10:47:03 AM PDT · by pansgold · 9 replies
    IX / IX / MMXII | pansgold
    I need help understanding what _resident 0bama just said…. PLEASE HELP! The _resident just said he will eliminate loop holes for the wealthy and that will increase their taxes. In the _resident’s next breath he said that will lower the taxes for “everyone”. If I understand correctly _resident 0bama wants to increase taxes on the rich 1% and then lower the taxes of the rich and 1%? Are they not included in the “everyone” he spoke of?
  • Think You Can Rest Now? Challenge The Rebbe's relentless call for every Jew to never rest

    08/19/2012 12:04:02 PM PDT · by Phinneous · 1 replies
    Chabad.org ^ | circa 2003 | Various
    Video on a precept of Judaism...we increase in holiness. Every Jew, no matter what level of observance, should see the discussion at 15:30.
  • ObamaCare Now Officially the Largest Tax Hike in US History!

    06/28/2012 8:32:32 AM PDT · by Reaganite Republican · 36 replies
    Reaganite Republican ^ | June 28, 2012 | Reaganite Republican
    From $94 billion to $1.6 trillion... President Obama has repeatedly asserted that the new health care law's individual mandate requiring everyone to have qualified health insurance coverage or pay a penalty is not a tax.  In a testy exchange with ABC's George Stephanopoulos--who, ironically, also pushed for sweeping health care reform legislation when he worked for then-President Bill Clinton--Stephanopoulos pointed out that ObamaCare critics call the mandate a tax. Obama rejected the claim and noted that his critics call everything a tax: "For us to say that you've got to take a responsibility to get health insurance is absolutely not...
  • How the Expiring Bush Tax Cuts Affect You

    06/23/2012 7:42:32 AM PDT · by TurboZamboni · 16 replies
    Yahoo/Smart Money ^ | 7-7-2010 | Bill Bischoff
    You may have been led to believe that only individuals in the top two brackets will face higher federal income taxes when the Bush cuts go bye-bye. Not true! Unless Congress takes action and President Obama goes along, rates will go up for everyone -- not just a sliver of the wealthiest Americans. The current six rate brackets of 10%, 15%, 25%, 28%, 33% and 35% will be replaced by five new brackets with the higher rates of 15%, 28%, 31%, 36% and 39.6%. Just a few months ago, it seemed like a safe bet that Congress would make a...
  • Another IncreaseJobless Claims, Another Adjustment to Last Week's #s-Make it Look Good for BO

    05/17/2012 5:37:55 AM PDT · by Reagan69 · 10 replies
    Marketwatch ^ | 05-17-12 | Jeffry Bartash
    The number of Americans who filed requests for jobless benefits was unchanged last week at 370,000, the U.S. Labor Department said Thursday. Claims from two weeks ago were revised up to 370,000 from an initial reading 367,000.
  • 2013 coming tax increases (does this math look correct?)

    05/11/2012 10:10:29 AM PDT · by TurboZamboni · 11 replies
    me ^ | 5-11-12 | TurboZamboni
    By allowing the 2003 Bush tax cuts to retire, taxes will be increasing the bottom rate from 10% to 15% and the 20% bracket to 25%.   is this math correct? :    Raising the 10% bracket to 15% represents what percentage of increase? (Hint: The correct answer is NOT 5%)To those moving from the 10% bracket to 15%, their taxes will be increased by 50%!!   Raising the 20% bracket to 25% represents what percentage of increase? (Hint: The correct answer, again, is NOT 5%)it's s a full-blown 25% increase in taxes   Finally, raising the 35% bracket to...
  • White House proposes 0.5 percent pay increase for federal workers

    01/06/2012 9:08:04 AM PST · by Nachum · 38 replies
    WaPo ^ | 1/6/12 | Ed O'Keefe
    The White House will propose a 0.5 percent pay increase for civilian federal employees as part of its 2013 budget proposal, according to two senior administration officials familiar with the plans. The modest across-the-board pay jump would be the first increase for federal workers since before a two-year freeze began in late 2010. Raises for within-grade step increases and promotions have continued during the freeze. The proposal, which requires congressional approval, differs from Republican plans supported by lawmakers and presidential candidates that would freeze basic pay rates for one more year. Some of those plans also call for denying within-grade...
  • Obama delays seeking debt-ceiling increase

    12/30/2011 3:27:04 PM PST · by mdittmar · 18 replies · 1+ views
    UPI ^ | Dec. 30, 2011 | UPI
    The Obama administration delayed asking Congress to raise the U.S. debt ceiling by $1.2 trillion after congressional leaders objected to the time frame. The White House said the delay won't affect the nation's creditworthiness, The Washington Post reported.Under the request the administration originally planned to submit Friday, Congress would have had 15 days to disapprove the request or else the debt ceiling automatically would have been raised from $15.2 trillion to $16.4 trillion.Congressional leaders, however, objected to the timeline, saying it would have been difficult for lawmakers to vote on the measure. The House doesn't return until Jan. 17 and...
  • (Minimum) Wage Floor Is Increasing in 8 States in New Year (helps working families)

    12/26/2011 2:01:07 PM PST · by Libloather · 28 replies
    NY Times ^ | 12/23/11 | CATHERINE RAMPELL
    Wage Floor Is Increasing in 8 States in New YearBy CATHERINE RAMPELL Published: December 23, 2011 Eight states will ring in the New Year with a higher minimum wage, under state laws that require wage floors to keep apace with inflation. San Francisco, one of the few cities that sets its own minimum wage above the federal level, is also raising wages for the lowest-paid workers in the new year. It will become the first big city in the country to require companies to pay their workers more than $10 an hour. The minimum wage increases in Arizona, Colorado, Florida,...
  • What Is The Best Country For Americans To Relocate To Avoid The Coming Economic Collapse?

    12/08/2011 6:28:13 PM PST · by blam · 141 replies
    TEC ^ | 12-8-2011
    What Is The Best Country In The World For Americans To Relocate To In Order To Avoid The Coming Economic Collapse?December 8, 2011 Millions of American citizens have already left the United States in search of a better life. As the economy continues to crumble and as our society slowly falls apart, millions of others are thinking about it. But moving to another country is not something to be done lightly. The reality is that there are a vast array of social, cultural, economic and safety issues to be considered. If you have never traveled outside of North America, then...
  • CSU proposes 9 percent fee increase

    11/14/2011 12:35:43 PM PST · by NormsRevenge · 19 replies
    MercuryNews.com ^ | 11/14/11 | Lisa M. Krieger
    California State University trustees are proposing a 9 percent hike in undergraduate tuition beginning with the fall 2012 semester, unless the state gives the system more money. It would be the ninth basic fee increase in nine years for the nation's largest university system, which says higher tuition is the only way to keep up with rising enrollment and declining state support. "Our options are severely limited," CSU Chancellor Charles B. Reed said in a Monday morning news conference. "The state needs to step up and assume its historic role as the primary funder of the university." The $498 increase...
  • Most Maryland bridge and tunnel tolls to increase

    10/27/2011 10:14:37 PM PDT · by Tolerance Sucks Rocks · 20 replies
    WTOP ^ | October 27, 2011 | Hank Silverberg
    WASHINGTON -- The cost of traveling is going to increase next week for drivers who use certain local bridges or toll roads. Maryland is raising tolls on most tunnels and bridges starting Nov. 1, with the exception of the new Intercounty Connector (ICC). The increases will vary. For example, cash rate tolls on the Harry Nice Bridge from Maryland into Virginia will climb from $3 to $4, while the cash rate on the Chesapeake Bay Bridge will rise from $2.50 to $4. The toll increase also comes with a new system for penalizing those who don't pay. Harold Bartlett, executive...
  • In Maryland, panel seeks 60% more in gas tax

    10/26/2011 7:50:22 PM PDT · by Tolerance Sucks Rocks · 26 replies
    The Washington Times ^ | October 25, 2011 | David Hill
    ANNAPOLIS — A Maryland commission recommended Tuesday that the state raise its gas tax by more than 60 percent over the next three years, but members acknowledged that taxpayers facing a dire economy could find the increase hard to swallow. The proposed hike, approved by the state-appointed Blue Ribbon Commission on Maryland Transportation Funding, would raise the gas tax on wholesalers by 5 cents a year for three years, from the current rate of 23.5 cents per gallon. The move could generate nearly $500 million in annual revenue and is part of $870 million in annual tax-and-fee increases recommended by...
  • Social Security to hand out first raises since '09

    10/18/2011 5:46:50 PM PDT · by STARWISE · 46 replies
    AP/Yahoo ^ | 10-18-11 | Stephen Ohlemacher
    Social Security recipients will get a raise in January — their first increase in benefits since 2009. It's expected to be about 3.5 percent. Some 55 million beneficiaries will find out for sure Wednesday when a government inflation measure that determines the annual cost-of-living adjustment is released. Congress adopted the measure in the 1970s, and since then it has resulted in annual benefit increases averaging 4.2 percent. But there was no COLA in 2010 or 2011 because inflation was too low. That was small comfort to the millions of retirees and disabled people who have seen retirement accounts dwindle and...
  • 25 Cent Jump upwards in Gas Price

    10/13/2011 6:32:36 PM PDT · by GreyFriar · 57 replies · 1+ views
    Gas Buddy & local gas station ^ | 13 Oct 2011 | self
    Gasoline price in Jasper County, Indiana jumped 26 cents a gallon between 8am and 1pm on Thursday, 13 Oct 2011
  • Sharp Rise in U.S. Health Insurance Cost, Study Finds

    09/27/2011 8:50:40 AM PDT · by Oldeconomybuyer · 18 replies
    New York Times ^ | September 27, 2011 | By REED ABELSON
    The cost of health insurance for many Americans this year climbed more sharply than in previous years, outstripping any growth in workers’ wages and adding more uncertainty about the pace of rising medical costs. A new study by the Kaiser Family Foundation, a nonprofit research group that tracks employer-sponsored health insurance on a yearly basis, shows that the average annual premium for family coverage through an employer reached $15,073 in 2011, an increase of 9 percent over the previous year. “The open question is whether that’s a one-time spike or the start of a period of higher increases,” said Drew...
  • Senate Approves $500 Billion Increase in Borrowing Authority.(national debt $15.19 Trillion)

    09/09/2011 1:03:49 PM PDT · by rawhide · 29 replies
    Wall Street Journel ^ | September 8, 2011 | By Corey Boles
    The U.S. Senate, in an unusual procedure, cleared the way Thursday for the U.S. to lift its borrowing authority by $500 billion to $15.19 trillion, enough to keep the support federal government borrowing through late January or early February. The action came under an unusual legislative procedure spelled out under the August agreement to raise the U.S. debt ceiling and avoid a U.S. credit default. In a 52-45 vote, the Senate blocked an attempt by Republicans to slow down the process that will result in the $500 billion debt-ceiling increase. The increase stems from a deal between Congress and the...
  • The Biggest Middle Class Tax Increase In History Will Come In Five Months

    08/02/2011 1:41:15 PM PDT · by Nachum · 22 replies
    Business, Insider ^ | 8/2/11 | Bruce Krasting
    There is one aspect of the final debt deal from DC that took me by surprise. I was convinced the 2% reduction in payroll taxes would be extended through 2012. On July 12th I wrote about this and got it completely wrong. Not only did I think there would be a one year extension of the existing holiday; I forecast that the subsidy would actually be increased.
  • Middle classes to be hit by tax increase by the back door:

    08/01/2011 9:10:27 AM PDT · by AngelesCrestHighway · 24 replies
    Mail Online ^ | 08/01/11 | Paul Bentley and John Stevens
    President Barack Obama awoke today to furious reaction to his last-minute debt deal, with experts slamming the agreement as a cruel means of hitting middle classes with tax hikes 'through the back door'. The President and congressional leaders last night finally announced an agreement on emergency legislation to avert the nation's first-ever financial default. But while the dramatic resolution briefly lifted a cloud that had threatened the still-fragile economic recovery, critics said in the long run the middle classes would bear the brunt of the country's massive debt, with increased taxes set to cover for the White House's reluctance to...
  • Inside the Beltway: Where an Increase Becomes a Cut

    08/01/2011 11:44:38 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | August 1, 2011 | Bill Tatro
    I just love Washington-speak which offers heartfelt phrases such as “baseline spending,” “debt ceiling,” “drop dead dates,” and my ultimate favorites, “the cut,” “to cut,” “a cut,” or just simply “cuts.” Like the phrase “beauty is in the eye of the beholder,” a “cut” means different things to different people. Let me explain by first discussing common-speak, which is very easy to understand. When someone takes a cut in pay, it could mean going from $20 per hour to $15 per hour. Or, they’re paid $30,000 per year for a job that used to pay $35,000 per year. To most...
  • Reid-Boehner Deal - $2.4 Trillion Largest Debt-Limit Increase in U.S. History

    08/01/2011 11:15:05 AM PDT · by GreatJoeMcCarthy · 29 replies
    Cybercast News Service ^ | August 01, 2011 | Terence P. Jeffrey
    The bill to increase the federal debt limit that has been put before Congress today would increase that limit by up to $2.4 trillion, which would be the largest increase in the debt limit in U.S. history by a margin of half a trillion dollars, according to records published by the Government Accountability Office and the Congressional Research Service. In fact, according to records published by the Congressional Research Service, if the current bill is passed and the debt limit is increased by $2.4 trillion, the two largest debt-limit increases in U.S. history would come in back-to-back years, both during...
  • What Is A 'Tax Increase'?

    06/21/2011 4:08:42 PM PDT · by Kaslin · 7 replies
    IBD Editorials ^ | June 21, 2011 | JAMES CARTER AND JASON FICHTNER
    Blurring the line between humor and cynicism, Groucho Marx famously declared: "Those are my principles, and if you don't like them ... well, I have others." Indeed, Groucho's quip reflects what many Americans have come to expect from their political leaders. But even when America's leaders try to act according to principle, decades of political spin and "Washington-speak" make doing so difficult. Consider the problem facing House Republicans. With the federal government bumping up against its debt limit, Republicans are demanding that any increase in the limit be paired with equally large spending cuts. As a matter of principle, they...
  • Republicans want to lower Palin's tax increase in Alaska

    03/18/2011 12:58:11 PM PDT · by EveningStar · 19 replies
    The Hill ^ | March 18, 2011 | Christian Heinze
    One of Sarah Palin's most significant energy policies is in danger of being reversed -- and by Republicans, no less. Alaska Gov. Sean Parnell (R) is supporting Republican efforts to lower taxes on oil companies. Palin had raised them in what the New York Times called a "major oil tax increase".
  • Food prices increase 3.9% in February, highest jump in 36 years

    03/16/2011 9:27:01 AM PDT · by Nachum · 26 replies
    Hot Air ^ | 3/16/11 | Ed Morrissey
    If grocery bills seem higher, you’re not imagining things. Thanks mostly to a sharp increase in fuel prices, the cost of food rose faster in February than in any month since November 1974 — not coincidentally, during a previous energy crisis: Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame. The Labor Department said Wednesday that the Producer Price Index rose a seasonally adjusted 1.6 percent in February — double the 0.8 percent rise in...
  • VIDEO: Rep. Paul Ryan To Take On Social Security, Medicare In New Budget

    03/01/2011 4:19:27 AM PST · by Puzzleman · 6 replies
    RealClearPolitics ^ | February 28, 2011 | Paul Ryan
    Rep. Paul Ryan (R-Wisconsin) appeared on the Monday night edition of FOX News' "Hannity." Rep. Ryan goes through several charts that project our debt, shows spending in FY 2010 and what he will propose in the budget for the next fiscal year...
  • Neighboring states gleeful over Ill. tax increase

    01/13/2011 2:49:54 AM PST · by markomalley · 46 replies
    AP ^ | 1/13/11 | Christopher Wells
    While many states consider boosting their economies with tax cuts, Illinois officials are betting on the opposite tactic: dramatically raising taxes to resolve a budget crisis that threatened to cripple state government. Neighboring states gleefully plotted Wednesday to take advantage of what they consider a major economic blunder and lure business away from Illinois.