Ryan Plan – The Paul Ryan plan to cut 4 to 6 trillion off the deficit in 10 years passed in the house (235 to 193) along party lines.
Tax Day – In honor of tax day last week, here is a breakdown of some tax deductions / exemptions: Tax exclusion for employer contributions to health insurance: $659.4 billion; Deduction for mortgage interest on owner-occupied houses: $484.1 billion; Lower tax rates for dividends and long-term capital gains: $402.9 billion; Tax exclusion of pension contributions (defined-benefit): $303.2 billion; Earned income tax credit: $268.8 billion; State and local tax deductions: $237.3 billion; Exclusion of pension contributions, 401(k)-style: $212.2 billion; Exclusion of capital gains at death: $194 billion; Charitable deductions: $182.4 billion; and Untaxed Social Security and railroad retirement benefits: $173 billion. The “green” tax exemptions are much too complicated to include.
U.S. Treasuries – Standard and Poor has placed a negative rating on the outlook of U.S. treasury bonds.
Rahm Emanuel – He charged people to see him get sworn in as Mayor of Chicago. I guess tax increases are starting immediately.
Futures – The price for a pound of cotton has gone up over 150% in less than year. Gas is up over 100% in 2 years and gold and silver continue to trade at all-time highs.
Eric Holder – The head of the Justice department finally caught up on delinquent taxes he owed on a home he inherited.
Polls – Obama’s approval numbers are below his ratings before the Gabrielle Giffords shooting. Remember, Obama received a 6 point spike following his speech on the Giffords attack. In another poll, it claims 25% of all baby boomers feel they will never receive the opportunity to retire.
Carbon Emissions – The Supreme Court has heard arguments as to whether citizens or the government have the power to force energy companies to curb their carbon emissions.
France – They are clamping down on illegal immigration and turning those away that attempt to enter the country by train.
Department of Energy – The organization has grown 76% (11 billion dollars) over the past 10 years as the government pushes climate change bureaucracy.
TSA – They may be expanding their security role to include train stations as well as airports.
Apple – They were named the least “green” high tech company and Al Gore is on their board of directors.
Gas Prices – With rising gas prices becoming an issue, our bold leader has appointed a task force to look into it.
John Ensign – Democrats such as Rangel and Waters should do what Senator Ensign has done – resigned over ethical violations.
New York City – One in 70 people living in the city spent time living in a homeless shelter in 2010.
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