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Congressional Leaders -
Senate Class I (Nelson)
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Written by Mariesa E. White
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Saturday, 15 April 2006 |
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[April 13, 2006 Palatka, FL] Yesterday at the Town hall Meeting for Senator Bill Nelson, there were several questions and comments about the fuel prices and the effect the high prices would have on the economy. The Senator said that that was a major issue for him along with the threat of nuclearization of Iran. Most of his responses dealt with the U.S. being so dependent on oil and because of that dependency, being dependent on the countries that export the oil to us. His solutions were to use alternative fuels and engines as well as energy sources that do not use oil. He did not talk about the impact on the economy, other than to say that he has asked for the Pres. to get the oil companies to freeze their prices. (Which of course does nothing to help the economy.) |
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Last Updated ( Saturday, 15 April 2006 )
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Newsflashes -
Newsflash
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Written by U.S. Sen. John Cornyn
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Friday, 14 April 2006 |
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Monday’s tax filing deadline is quickly approaching, along with the dread taxpayers undoubtedly feel as they are obliged to comply with an IRS tax code that is unnecessarily complex. But imagine for a moment that April 15 was just another day, and that the IRS did not represent a significant challenge – the forms were neither multiple nor complex, and the visits to the accountant were shorter and more efficient. |
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Last Updated ( Saturday, 15 April 2006 )
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Newsflashes -
Newsflash
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Written by Leo Linbeck
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Friday, 14 April 2006 |
Tax Incentives for Purchase of European Exports
Is it the American appetite for all things foreign, from oil to cars to clothing, that pushed the trade deficit to yet another record in 2005? Or is it our broken income tax system?
The U.S. Department of Commerce reported last month that the overall trade gap climbed to an all-time high of $725.8 billion last year, up 17.5 percent from 2004, marking the fourth straight record. Analysts predict that the 2006 trade gap will be even worse. The year's $201.6 billion deficit with China, the largest ever recorded with a single country, brought demands for a crackdown on what the U.S. sees as unfair trade practices. This occurs at a time when Europeans are viciously attacking the U.S. for not phasing out fast enough the puny export incentive provided in the form of the Foreign Sales Corporation (one of the many small loopholes in the tax code). |
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Last Updated ( Friday, 14 April 2006 )
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