Free Republic

Looking for substantive business and financial content.

Who is best able to help America restore economic growth and job creation? President Obama and the Democrats Resurgent Republicans The Tea Party It will take compromise and bipartisanship Not sure

This came from the Senior Tax Editor for Kiplinger Letters In just three months, on January 1, 2011, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves. On January 1, 2011, here's what happens... (read it to the end, so you see all three waves)... First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011. Personal income tax rates will rise....

Well, it has been more than a half year since ObamaCare was signed into law. Insurance premiums are increasing. And benefits are decreasing. Yes, insurance companies cannot refuse insurance to anyone for preconditions, but now we find that the rates they charge are not capped so those who have preconditions will pay exceedingly high rates for insurance. Yes, children must be covered until they are 26, but the insurance companies charge for it. The OMB revised its estimates so now ObamaCare will increase the deficit instead of decreasing it as advertised last winter. It is estimated that millions of people...

NEW YORK (AP) - Signs of a weaker housing market gave stock investors another reason to be cautious. Stocks fell Wednesday after the Commerce Department said new home sales dropped for the first time in five months. Sales slid 3.6 percent in September to 402,000 from 417,000 in August, well below the 440,000 analysts had forecast. Investors also pulled back after Goldman Sachs Group Inc. reduced its expectation for the nation's economic output for the July-September period. Goldman Sachs expects third-quarter gross domestic product rose at an annual rate of 2.7 percent, weaker than its earlier forecast of 3 percent....

June will be a pivotal month in determining Bush’s fate. A series of high-profile events will put him in the spotlight. Several summits plus the scheduled June 30 handover of power in Iraq to an interim government give Bush opportunities to shine or stumble. His prospects for reelection may depend on how well he does. The president is well positioned for success, in our judgment. On Iraq, Bush will win UN approval for the transfer of power to Iraqis. His plan will be modified by France, Germany and others, but not so much that the president balks. He’ll use the...