Like many of you, I am sorting through mounds of paperwork in a race to beat the April 15, 2009 tax deadline. The annual iteration of Form 1040 becomes longer and more complicated with every telling, and begs the question of how the IRS can keep track of all the forms, all the social security numbers, and all the taxpayers.
The tension between the states and the federal government over the use of stimulus funds to broaden access to unemployment compensation highlights the “rob Peter to pay Paul” mentality implicit in the Obama administration’s economic agenda.
States are justifiably fearful of passing legislation to incur the financial liability inherent in expanding their unemployment compensation programs, and are unsure of how they will cover the expense of paying benefits to previously ineligible groups when the $7 billion in federal funds runs out.
Easter comes late on the calendar this year, and with Easter comes the annual tradition of rerunning the religious epics of the 1950s. Lavish and overproduced, these spectacles often show harrowing depictions of the bread and circus festivals of ancient Rome.
Washington has eschewed the gorier trappings of bread and circuses, but make no mistake. The tradition is alive and thriving.
IMPORTANT: If you are a small business owner, or an employee of a small business, you should know that the 2009 Economic Stimulus Act is giving $730 million to the Small Business Administration (SBA) to assist companies just like yours.
Small businesses are in trouble. Sales of their products have dwindled. Customers have hacked their budgets to a bare subsistence level, and even those with money are not buying.
Once again, Congress is gearing up to punish the financially responsible. The House has passed the bankruptcy mortgage bill.
How many homeowners obtained mortgages they knew they could never afford, with or without the complicity of their lenders, and now anticipate lower interest rates on homes that Congress is going to ensure they can afford by taking money away from those who live within their means?