Active Discussion Groups
This is a forum to discuss MONEY in a constructive way. Please share your opinions, and links to other resources, to help us figure out this important "hot button" issue.
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graminator
As someone in that top 2%, I am supporting the abandonment of the tax cuts. Those who make this kind of money are doing fine, are blessed and can afford to pay the taxes. As a small business owner, I am in a place to see how our contribution to the economy is significant and sustained.3 weeks, 6 days ago
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Both BP and the federal government have a vested interest in continuing oil production in the Gulf. The Obama administration and BP are nearing a deal by which future revenues from BP’s Gulf of Mexico operations will be used to guarantee its $20 billion cleanup and compensation fund. BP has already paid 3 billion toward the effort, with the remaining 17 billion still under...
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Offical White House Photo by Pete Souza
President Obama was in Detroit, Michigan on Friday, speaking at a Chrysler plant boasting that all three U.S. car companies, GM, Chrysler, and Ford, reported profits for the first quarter of 2010, the first time since 2004. The companies have re-hired 55,000 workers after previously shedding jobs, and the manufacturing success is attributed to the $59 billion dollar rescue...
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MetLife Inc and Prudential Financial Inc have been subpoenaed by the New York attorney general in an investigation of insurance fraud. Military families are claiming that the companies did not pay out hundreds of millions in death benefits on policies they bought for their loved ones. These family members claim that they did not know how the insurers would...
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Congress is debating whether to extend or repeal Bush’s tax cuts, set to expire at the end of this year. Analysts report that this issue is likely to be significant in shaping midterm elections this fall. Republicans argue that the cuts should be extended, even though this will add $2 trillion to the federal deficit over the next 10 years. Democrats are clamoring that...
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Leading economists, including Nobel Prize winners Eric Maskin and Daniel McFadden are calling on Congress to “reboot” the economy. They are recommending more government stimulus and tax credits to save the economy. Recognizing the problematic issue of deficit spending, they cite the urgency of getting Americans back to work. Approximately 6.8 million Americans have been...
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