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• Obama Offers Progressive Budget Blueprint; Concerns About... ... in education and people, by (via Half In Ten ): Permanently extending expansions of the Child Tax Credit and the Earned Income Tax Credit that were passed in the Recovery Act, which will boost the incomes of millions of low-wage working families with children Combating hunger by providing full funding for the nutritional safety net that has been responding...Source : The Rev. Chuck Currie
• Gov. Christie Introduces Tax Plan That Gives 40 Percent O... New Jersey Gov. Chris Christie (R) today formally announced his intention to implement a 10 percent cut in New Jersey’s income tax. “Lower tax rates will relieve over-burdened middle class families,” Christie said in his annual budget address. However, the middle class is likely to hardly notice Christie’s cut, as it would give just $80 [...]Source : Think ProgressExplore : Bloggers, Political Blogs, Politics, Think Progress
• Tax Technology Would Save IRS $3.7 Bil in Next 60 Days (P... Tax fraud season is officially open and during the next 60 days millions of taxpayers will participate. According to a report released by the Treasury Inspector General for Tax Administration, the IRS is defrauded by as much as $13 billion by tax filers falsely claiming Earned Income Credit on their tax returns. Randall Sorensen, CPA, has developed technology that will identify $2.6...Source : PRWeb - Daily News Feed
• Chart: We Are The Forgotten 33% (Doug Ross @ Journal) ... workers, 46% representing citizens who either pay zero taxes or negative taxes (ala the “earned income credit”), and the remaining 33% who are neither super-rich, government employees, or not paying taxes. One might term this group the forgotten 33% , because no special interest will speak for them. They have neither the numbers nor the financial wherewithal to decisively...Source : Doug Ross @ Journal
• Gov. Chris Christie Presents Budget With Tax Cut (WCBSTV.... ... of the governor’s 10 percent income tax cut and money to fund a 5 percent increase in the Earned Income Tax Credit for poor, working families. The increase would boost the average benefit to $495 per family. Municipal aid would remain unchanged, though there would be less transitional aid money available to financially strapped cities and towns. Christie’s budget also makes a $1.Source : WCBSTV.com: Your Source For New Yor
• Moving Forward with President Obama (Kicking Ass) ... consumers from predatory practices, extended unemployment benefits and expanded the Earned Income Tax Credit. And he kept his promise to end the war in Iraq. Yet for all the promises kept and progress made, there remains more to do. We have to keep fighting to rebuild our roads and bridges, keep teachers and police officers on the job, renew our investments in education,...Source : Kicking AssExplore : Health, Health care reform, Iraq War, Medicare
• Who Actually Benefits From Federal Benefits? (Kevin Drum) ... 100 percent of Medicare and nearly 100 percent of Social Security goes to the elderly. The Earned Income Tax Credit goes almost entirely to the working poor. But what about the others? I was surprised when I saw the complete breakdown, and you might be too. Here it is: Eighty-three percent of Medicaid goes to the elderly, disabled, or working poor. Seventy-nine percent of school...Source : Kevin DrumExplore : Health, Medicaid, Medicare
• Liberals subsidize the economic fallacies of red state co... It has been well known for some time that liberal states such as my home state of Massachusetts subsidize conservative states such as my original home of Tennessee. The idea bubbled up recently from Aaron Carroll to Paul Krugman to Matthew Yglesias . Krugman explains the graph best, but this point of Yglesias's is key (though badly written): [H]igh-income people living in low-income...Source : lovable liberalExplore : Authors, Ayn Rand, Fine Arts, Health, Paul Krugman
• The "Undeserving" Poor Get Nothing (They gave us a republic) ... and Social Security goes to the elderly and most of the balance goes to the disabled. The Earned Income Tax Credit goes almost entirely to the working poor. But what about the others? I was surprised when I saw the complete breakdown, and you might be too. Here it is: Eighty-three percent of Medicaid goes to the elderly, disabled, or working poor. Seventy-nine percent of school...Source : They gave us a republicExplore : Health, Medicaid, Medicare
• Occupy Occupy D.C. is All About Giving. More. (Amy Rideno... I’m rich. That’s what my tax preparer told me on Saturday morning. Due to things such as capital gains and diligent work that turned into a higher incomes, my wife and I found we’ve broken into the 28 percent tax bracket – just like Warren Buffett’s secretary (though we are still making a lot less than she is . I’m not happy about it, but I’m trying to use the tremendous hit to our...Source : Amy Ridenour's National Center BlogExplore : Bill Gates, Business, Government, Politics, The House