Economic Stimulus

Economic Stimulus
House Looks Into Corporate Tax Policy
Updated 2 hr., 1 min. ago
Senior tax executives from FedEx and Time Warner said they would favor eliminating all special tax benefits in exchange for lowering the corporate rate down to around 25%. They testified on a panel before the House Ways and Means Committee, the chief tax-writing committee in Congress. All of the witnesses described a U.S. tax code that poses challenges to businesses because of its complexity and uncertainty. More »
House Ways and Means Committee Hearing on Accounting Principles and Tax Policy

Recent Events

House Looks Into Corporate Tax Policy
Today     Washington, DC

Senior tax executives from FedEx and Time Warner said they would favor eliminating all special tax benefits in exchange for lowering the corporate rate down to around 25%. They testified on a panel before the House Ways and Means Committee, the chief tax-writing committee in Congress. All of the witnesses described a U.S. tax code that poses challenges to businesses because of its complexity and uncertainty.
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Federal Reserve Policymaker Analyzes US Economic Policy
Monday     Washington, DC

Dallas Federal Reserve Bank President Richard Fisher remarks on U.S. economic and monetary policy at the Institute of International Finance.
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GOP House Leaders Discuss Conservative Economic Agenda
Monday     Washington, DC

Majority Leader Eric Cantor (R-VA) joined business leaders and others on the conservative YG Network's panel discussions, "Redefining Growth" and "Strategic Imperatives to Achieve Growth."
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IMF Official Forecasts European Recession
Monday     Washington, DC

The IMF's Olivier Blanchard speaks at the Carnegie Endowment about Europe's coming economic slowdown.
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Unemployment Drops to 8.3%
Friday     Washington, DC

The Joint Economic Committee held a hearing on Friday about the January jobs report. The figures reveal that the unemployment rate dropped to 8.3% percent. BLS Acting Commissioner John Galvin testified to lawmakers about employment trends over the past month.
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Bernanke Tells Lawmakers Economic Recovery "Frustratingly Slow"
Thursday     Washington, DC

Federal Reserve Chairman Ben Bernanke testified Thursday before the House Budget Committee on the economic outlook for 2012. On Wednesday, the committee reviewed CBO's economic forecast predicting unemployment at around 8.9% and slow economic growth through the rest of the year.
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Committee Considers Ways to Boost Job Growth
Wednesday, February 1, 2012     Washington, DC

The House Education and Workforce Cmte. examined the state of the economy and looked for opportunities to create jobs. Rep. John Kline (R-MN) chaired the hearing.
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Senate Budget Committee's Outlook for the Eurozone
Wednesday, February 1, 2012     Washington, DC

The Senate Budget Committee (Chairman Kent Conrad, D-ND) held a hearing on the outlook for the European economic situation. EU members met on Monday in Brussels to discuss possible solutions to boost growth and employment.
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Conferees Meet Again on Payroll Tax Legislation
Wednesday, February 1, 2012     Washington, DC

A week after their first meeting, House and Senate Conferees met again Wednesday morning to resolve House-Senate differences on the Social Security payroll tax cut extension, unemployment insurance program, Medicare physicians payment fix and other items.
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New CBO Report Offers Mixed Picture of the Deficit, Economy
Tuesday, January 31, 2012     Washington, DC

Congressional Budget Office Director Douglas Elmendorf discussed the new Budget and Economic Outlook released this morning. The new CBO's new Budget and Economic Outlook, released this morning, shows a small improvement in the deficit but rising unemployment.
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