Wednesday, January 16, 2013
The governor touts $325 million in cuts even as proposed spending increases by 4 percent over the current levels.
UPDATED (6:32 p.m.)—Gov. Martin O'Malley Wednesday presented his budget plan for the coming year that he called "a jobs budget." The budget contains no tax increases though O'Malley declined to discuss the possibility of a tax for transportation projects. "These have been challenging times to say the least," O'Malley said. He was referencing the seventh budget of his tenure as governor at the same time that the state has weathered one of the most severe economic downturns in history. O'Malley said Maryland taxpayers "expect their government to do more with less." The proposed $37.3 billion spending plan is for the 2014 fiscal year, which begins July 1. The governor's proposed budget contains $325 million in spending cuts even though the …
Wednesday, January 2, 2013
Data shows DC-area improving on three key metrics, but will it continue?
As the Democrats and Republicans continue to blame each other for lack of compromise on federal spending matters, it seems more likely that the U.S. will plunge over the fiscal cliff like Wile E. Coyote in the old Road Runner cartoons. Media coverage of Washington's cat and mouse (or coyote and land bird) game has overshadowed some positive movement in the economy in the metro area. The Brookings Institution, a nonprofit public policy organization, recently released its December 2012 report on economic recovery data in the top 100 U.S. metropolitan areas. Overall, Brookings data shows the country moving slowly in a positive direction, with unemployment ticking down, output edging up and home prices posting gains. The Washington, DC metro…
Thursday, November 29, 2012
Year-end dividends to shareholders could be quick windfall.
- GOVERNMENT
- Ben Gross
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Thursday, November 29, 2012
While you might have read about the possibility of the United States going over the fiscal cliff, the impending crisis may benefit some of the richest people in the country, according to a story on Quartz’s website. The article posits the theory that the potential of the U.S. government possibly raising taxes on dividends is causing corporate America to release some of its almost $1.8 trillion in cash and liquid assets in the form of dividends to shareholders. The Wall Street Journal is cited in the piece, bolstering the idea, and a quote from a Financial Times article is reprinted, stating that “a record 103 companies have announced they will pay special dividends before the end of the year.” The Financial Times quote goes on to say the …
Brian
9:31 am on Monday, January 21, 2013
"Hate gays and immigrants as much as you want," Hmmm. I don't see this in my statement above jag. Actually, I hate people like yourself. Smug, arrogant people like you who are oblivious to what the government's role should be. Smacking sense into your head , all be it futile, would bring to me a great "sense" of satisfaction. I've learned by now that intelligent debate among conservatives like … more ›