Thursday, February 21, 2013
Military looks to cut $34 billion with cuts to defense budget
Few Americans can likely define "sequestration," but since the "fiscal cliff" is over, it's time to update your political vocabulary. The nation's politicians are seeking to shrink the country's spending, and one place the government wants to cut back is through military spending. "The cuts scheduled to begin March 1 take a huge bite out of the federal budget, including the military," said a report on WHPTV.com. "Those cuts will take a disproportionally large chunk out of military spending in Pennsylvania." The state seems to be more hardly hit than others in the country. According to statistics in USAToday, Pennsylvania will be the tenth hardest hit state in the United States. The Commonwealth is slated to lose 10,414 military jobs with …
Thursday, January 3, 2013
The national group is asking supporters to call Congress to push for a secret ballot in the election, scheduled for Noon today.
Tea Party Patriots National is pushing constituents to call Congress and request a secret ballot vote for its Speaker of the House vote, which will occur Jan. 3 around noon. A secret ballot vote is what many believe to be a step in the Tea Party's plan to oust House Speaker John Boehner (R-OH), who many conservatives thought underperformed in the fiscal cliff talks, and eventual outcome - the "American Taxpayer Relief Act." In an e-mail sent last night to Montgomery County Tea Party Patriots, the group said that the power of elected officials sent to Washington in 2010 has been “squandered by establishment types blackmailing, bullying and bribing rank-and-file members to go along to get along. “Your representatives deserves to be able …
Wednesday, December 19, 2012
Lisa Loper of the Scott Loper Team talks about a possible casualty of the Fiscal Cliff negotiations, the average American homeowner and their mortgage interest deduction.
As the Fiscal Cliff approaches, many reports speculate that reducing or eliminating the home mortgage interest deduction could be part of the deal brokered by Congress. This would affect millions of homeowners who currently deduct their mortgage interest payments from their income taxes. The National Association of REALTORS® opposes any change that would harm the housing market. The mortgage interest deduction is vital to the stability of the American housing market and economy. Ben Stein discussed this proposal recently on CBS Sunday Morning and referred to the “wisdom” of eliminating mortgage deduction as "foolish”: “If we could get housing roaring back, that would go a long way towards full recovery for our economy. Obviously, …
Friday, November 30, 2012
Jerry Gorski of Gorski Engineering responds to the President Obama's comments regarding a potential tax hike.
The CEO of Gorski Engineering Co., Jerry Gorski, was featured in a response video to President Barack Obama’s stop in Hatfield Township on Friday. “This is Small Business in America,” created by House Majority Whip Kevin McCarthy (CA-22) recalls a quote previously made by Obama regarding the tax code in the United States. “What we then do is ask for the wealthy to pay a little bit more,” said Obama in the video. McCarthy takes issue with Obama's definition of "wealthy," attacking the president's proposal to raise taxes on small businesses and individuals earning more than $250,000 per year. “This notion of $250,000 being the top two percent or the wealthy people in America ignores the way most small businesses work in America,” said …
President Obama visits Hatfield toy company as part of tour pushing extension of payroll tax cuts.
President Barack Obama visited a toy factory in Hatfield Township on Friday, citing it as an example of the type of business that would suffer if Congress does not act soon to prevent the country from running over the "fiscal cliff," a series of tax increases and cuts in spending that are due to come into effect at the beginning of the new year. In remarks broadcast live on C-SPAN, Obama called Hatfield-based K'Nex, which makes kits of interlocking pieces that allow children to construct their own toys, "one of the few companies in the toy industry that has aggressively moved jobs back here [to the U.S. from overseas]," The President said middle-class consumers will have money "to buy more K'Nex" if Democratic and Republican legislators …
Tuesday, November 27, 2012
President Obama is scheduled to visit Hatfield manufacturer on Friday as part of his tour to raise awareness about the 'looming fiscal cliff.'
According to multiple news sources, President Barack Obama is scheduled to visit Hatfield on Friday as part of a tour to make a public case for his administration's plan for addressing the impending "fiscal cliff." So what is the fiscal cliff? It's the changes expected to go into effect when the 2011 Budget Control Act expires at the end of the year. Among the changes are: At the same time, spending cuts agreed on in last year's debt ceiling agreement will go into effect, meaning steep cuts to things like the defense budget and Medicare. According to the Associated Press, both sides warn that going over the cliff could harm the fragile economic recovery, but the White House and congressional Republicans still differ on whether the answer …
Lee
8:37 pm on Friday, March 15, 2013
Nothing Happened, see it was a fake out. more ›