taxes - Page 18

Market Turmoil Haunts Jerry Brown’s 2016 Agenda

California Governor Jerry Brown delivered his annual “State of the State” address to the legislature on Thursday, against the backdrop of a volatile stock market that could threaten the state budget surplus he achieved, and cause future fiscal uncertainty. Brown told legislators, “…you are not going to hear me talk today about new programs. Rather, I am going to focus on how we pay for the commitments we have already made.”

Jerry Brown (Rich Pedroncelli / Associated Press)

The Gig Economy Appears to Be Growing– Here’s Why

With the rise of Uber, Airbnb, and TaskRabbit, there’s a sinking suspicion that the traditional 9-5 job is being replaced by flexible, independent contract work. But, despite the existence of multiple billion-dollar Silicon Valley startups hiring an army of independent contract workers, economists have had difficulty finding any evidence that Americans were more likely to be self-employed.

REUTERS/ROBERT GALBRAITH

Speaker-in-Waiting Paul Ryan Abandons Opposition to Big-Spending Budget Deal

Paul Ryan’s previous criticism of the deal to his Republican colleagues was quite pointed, including a declaration that the process “stinks.” But now he expresses optimism that the deal will include “meaningful reforms to strengthen our safety net programs, including significant changes to bolster Social Security,” and fund the military, as well as providing an opportunity to “return to regular order in our budget process.” His evaluation has been upgraded from stinky to “some good, some bad, and some ugly.”

Rep. Paul Ryan (R-WI) (L) leaves with Rep. Luke Messer (R-IN) after a House Republican Con

Apple Reportedly Avoids $59 Billion in Taxes

Big tech companies are safeguarding billions of dollars in offshore tax havens, according to a new study. Apple alone, the biggest offender, is stashing $181B in revenue with an estimated tax burden of $59.2B. In other words, Apple’s taxes could pay for nearly the entirety of President Obama’s plan for free two-year community college (an estimated $60B).

Justin Sullivan/Getty Images

Trump Pushes Single Payer Healthcare, Tax Increase on Wealthy

During his “60 Minutes” interview Sunday, Republican presidential front-runner appeared to come out in favor of a form of single payer health insurance for the uninsured (although he does says he’s going to “take care of everybody”) and openly called

Donald Trump

Club for Growth and Populist Taxes

Donald Trump is currently involved in a vicious argument with the Club for Growth over tax policy. The Club for Growth is running ads against Trump in Iowa accusing him of several offenses against growth-oriented conservatism, including a proposal to raise taxes. They added a bare-knuckle punch proclaiming Trump to be more liberal than Hillary Clinton, or even Bernie Sanders, and called him “the worst kind of politician.”

Donald Trump

Jerry Brown Dodges Tax Questions

On Wednesday, California Governor Jerry Brown evaded questions about whether he would raise taxes to pay for new road repairs. Some Democratic leaders have urged raising taxes on gas or cigarettes. But Brown remained mum on any tax hike, saying coyly, “I’m

The Associated Press

Alberta Oil Companies Hemorrhage Cash After NDP Tax Hike

President Obama is not alone in wielding governmental power to clamp down on carbon-emitting energy. While he weaponizes the Environmental Protection Agency to take on coal-powered energy, potentially shutting down hundreds of coal-fired power plants, Alberta’s new socialist NDP government is pushing ostensibly environmentally-minded policies against oil on shared premises of combating “climate change.”

The Suncor refinery in Edmonton, Canada seen here on June 17, 2015, has a capacity of refi

NYT: AT&T Is NSA’s Biggest Partner in Spying on American Communications

For years, security-minded politicians have been saying that U.S. spy agencies and the private sector need to have a better working relationship to stop terrorism. But if the arm-in-arm relationship between communications giant AT&T and the National Security Agency is any indication, that relationship is already in full bloom. Worse, the government has been paying AT&T millions to supply the info.

REUTERS/SHANNON STAPLETON