Hard hitting global and local news
Accounting Today reported on October 6, 2011 McCain and Hagan Introduce Repatriation Tax Holiday Bill . Senators John McCain, R-Ariz., and Kay Hagan, D-N.C., introduced legislation Thursday allowing multinational corporations to repatriate their foreign earnings at a reduced tax rate.
Please consider Double Standards: Europeans Are Right to Be Angry with Merkel Chancellor Angela Merkel has tenaciously insisted that austerity is the only way out of the crisis for ailing EU countries. She doesn’t practice what she preaches in Germany, though, which makes growing anger toward her understandable. The question is not about whether Krugman is right when he almost obsessively labels Merkel "dim-witted" and writes that "senior German officials are living in Wolkenkuckucksheim — cloud-cuckoo land." No, it is not the know-it-alls from abroad who spark doubts
Thus one should not be surprised by this can-kicking idea: Republicans Propose Job Freeze to Avert Defense Cuts Republican members of the House and Senate Armed Services committees revived a proposal to avert automatic spending cuts by reducing the federal workforce through attrition and freezing congressional salaries. The legislation would save $85 billion through Sept
Read More: Ron Paul on Military Spending, the Fiscal Cliff, Bipartisan Politics, Hypocrite Republicans