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  • Key Tax Breaks at Risk as Panel Looks at Cuts

    10/25/2010 12:42:51 PM PDT · by KansasGirl · 31 replies
    WSJ.com ^ | 10/25/10 | Damian Paletta
    Sacrosanct tax breaks, including deductions on mortgage interest, remain on the table just weeks before the deficit commission issues recommendations on policies to pare back with the aim of balancing the budget by 2015. The tax benefits are hugely popular with the public but they have drawn the panel's focus, in part because the White House has said these and other breaks cost the government about $1 trillion a year. At stake, in addition to the mortgage-interest deductions, are child tax credits and the ability of employees to pay their portion of their health-insurance tab with pretax dollars. Commission officials...
  • Insider Trading Inside the Beltway

    07/04/2010 5:48:15 PM PDT · by Leisler · 10 replies
    ProfessorBrainbridge.com ^ | 07/04/2010 | Stephen M. Bainbridge
    A 2004 study of the results of stock trading by United States Senators during the 1990s found that that Senators on average beat the market by 12% a year. In sharp contrast, U.S. households on average underperformed the market by 1.4% a year and even corporate insiders on average beat the market by only about 6% a year during that period.