Republican Rep. Allen West, the outspoken Army veteran who won Florida's 18th congressional contest during the 2008 Tea Party blitz, lost by a slight margin Tuesday in his hotly-contested battle against Democratic challenger Patrick Murphy. But while Murphy has declared himself the winner, after securing an initial vote count in front by 2,456 — out of more than 300,000 total votes — West has yet to concede the race and is asking for a recount.
To improve business competitiveness and revitalize the economy, France’s government has pledged $25 billion in tax credits to businesses.
In the wake of the November 6 elections, voters have approved a number of contentious state initiatives, including a $6-billion-a-year bundle of tax increases sponsored by California Governor Jerry Brown. Proposition 30, a focal point of Brown’s administration, would increase the sales tax by 0.25 cent for the next four years, while raising income taxes on those earning more than $250,000 for the next seven years.
In the wake of Superstorm Sandy, cities on the East Coast are enduring widespread power outages, infrastructure complications, and even gasoline shortages. As a consequence, New Jersey Governor Chris Christie issued an executive order late Friday that instituted an odd-even gas rationing system in 12 northern New Jersey counties.
A lengthy and far-reaching study being bankrolled by the U.S. Department of Treasury will deliver environmentalists and other liberal groups ammunition for their rigorous campaign to curb so-called “global warming,” possibly including a new carbon levy weaved into the U.S. tax code. In short, it’s an analysis determined to advocate a “green” tax code for American businesses and individual taxpayers.
The birth rate in the United States reached an all-time low last year, while over 40 percent of all babies born in 2011 were born to unmarried women, according to a report issued last month by the Centers for Disease Control and Prevention (CDC). While the overall birth rate dropped to a record low, the birth rates for women in the 35-to-39 and 40-to-44 age brackets actually spiked from 2010 to 2011.
Protesting the Obama administration’s “nanny-state” approach to curbing U.S. obesity, House Education and Workforce Committee Chairman John Kline (R-Minn.) is demanding a government investigation of the contentious new school lunch standards implemented this fall. The rules promote healthy foods while establishing limits on calorie intake for school lunches as a component of the 2010 Healthy Hunger-Free Kids Act — the first major overhaul of school lunches in 15 years — which authorizes funding and enacts policy for the U.S. Department of Agriculture’s (USDA) core child nutrition programs.
In the wake of Hurricane Sandy’s devastating rush on the East Coast, which is estimated to cost upwards of $20 billion, January’s sequester budget cuts have sparked a political hailstorm, as November’s two presidential candidates spar over federal funding for disaster relief.
In an effort to embolden the next generation of cyber professionals, the Department of Homeland Security (DHS) is devising an initiative to encourage and equip young Americans with knowledge and skills in the science of cybersecurity. Writing in a blog entitled, “Inspiring the Next Generation of Cyber Professionals,” DHS Secretary Janet Napolitano announced a plan to extend “the scope of cyber education” beyond the federal labor force through the National Initiative for Cybersecurity Education, targeting students from kindergarten all the way up to post-graduate school.
As the deadline to extend the Bush-era tax cuts looms, economists have agreed that the pending tax hikes would be devastating to the economy, and that permitting their expiration would have about twice the impact on economic growth as government spending cuts under the sequester.