Wednesday, July 11, 2012
President proposes extending Bush-era tax cuts only for those earning less than $250,000.
U.S. Rep. Randy Hultgren criticized President Barack Obama's call to extend the George W. Bush-era tax cuts for people making less than $250,000 a year, while at the same time allowing the tax cuts on those who make more to expire. Republicans, including Hultgren, criticized the refusal to extend the tax cuts for all, citing that many of those who will be impacted will be small business owners, and it will affect their ability to expand business and hire new employees. “Unemployment has been above 8 percent for 41 months now. U.S. Census data tells us that small businesses employ more than 25 percent of the total workforce. Insisting on a small business tax hike is the last way to create jobs," Hultgren wrote in a press release. Hultgren, …
Monday, July 2, 2012
It's always good to be caught up on state politics. Here's an easy guide to what happened this week.
- GOVERNMENT
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Monday, July 2, 2012
Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. Quinn: Illinois will expand Medicaid under Affordable Care Act Gov. Pat Quinn on Thursday said he plans to carry out the full Affordable Care Act including expanding the Medicaid rolls in Illinois. “The state of Illinois is going forward with the president of our country, President Barack Obama, to expand using Medicaid (to) those that would be covered under the Affordable Care Act,” Quinn said. “That is the law. We’re not backing down.” The U.S. Supreme Court upheld the national health-care law Thursday, but justices apparently left some wiggle room for cash-strapped states …
Thursday, June 28, 2012
POLL: In a 5-4 majority opinion, the court upheld the individual insurance mandate at the heart of President Barack Obama's health care reform. Do you agree with the ruling?
In an historic decision Thursday, the U.S. Supreme Court upheld the individual insurance mandate, the central provision of President Barack Obama's Affordable Care Act. The 5-4 majority ruling, written by Chief Justice John Roberts, held that the mandate—which requires virtually every American to have health insurance or pay a penalty—is a constitutional under Congress's power to tax, according to multiple media reports. The mandate, Roberts wrote, "makes going without insurance just another thing the Government taxes, like buying gasoline or earning income. And if the mandate is in effect just a tax hike on certain taxpayers who do not have health insurance, it may be within Congress’s constitutional power to tax." Obama signed the …
Tim Not
1:22 am on Monday, July 16, 2012
4. I think I understand your "business credit line" tactic. It's not a general tool, it's a very specific one. In my opinion, in order for it to be valuable, your business has to NEED the asset you're talking about anyway, it needs to be a short-useful-life asset, and you have to want to use it to leverage your business to the level that suits your needs. In addition, your bank has to offer a … more ›