The Obama administration is this week proposing a series of expensive tax breaks for businesses as part of a larger effort to create new jobs: $100 billion to make permanent a research and development tax credit and $200 billion to let companies to deduct the full cost of the capital investment next year.
Obama said that he and Congressional leaders will find a way to make the measures deficit-neutral. But where will the $300 billion come from?
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A proposed Utah immigration law that would allow police and federal immigration officials to access Utah’s driving privilege-card database could scare some illegal immigrants away from obtaining licenses, immigration attorneys told the Salt Lake Tribune this weekend.
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An interesting review of the scientific literature from The Associated Press:
People’s emotional well-being — happiness — increases along with their income up to about $75,000, researchers report in Tuesday’s edition of Proceedings of the National Academy of Sciences.
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Taking a cue from Joe Miller’s upset victory over Sen. Lisa Murkowski (R-Alaska) last month, Rep. Mike Castle (R-Del.) is taking no chances a week before his Senate primary contest against Tea Party-backed candidate Christine O’Donnell. Unlike Murkowski, who only failed to take her challenger seriously until it was too late, Castle is up with an ad today that pulls no punches in its attacks against O’Donnell.
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When former Sen. Chuck Hagel reached across the aisle last month to endorse Rep. Joe Sestak (D-Pa.) for the Senate last month, Sestak gladly accepted the honor as a sign of his moderate politics and cross-party appeal. To a certain group of conservative Jews, however, it was further proof that Sestak was a bad choice for the state of Israel — and they’ve now launched internet ads to try to drum up fear about his candidacy.
The ad in question spends a lot of time criticizing Hagel but is rather short on Sestak’s particular shortcomings.
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Crossroads GPS is spending a lot of money attacking Sens. Michael Bennet (D-Colo.) and Harry Reid (D-Nev.) on the airwaves, but they’re using a clever trick to hide their donor lists and keep the ads considered “issue ads,” as opposed to a form of express advocacy. The trick is that while the entirety of the ads attack the candidates quite broadly, the last frame urges the viewer to tell their senator to “vote no on S.Amdt 4594.”
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This weekend, the New York Times featured an unusual story on housing. Its argument goes like this: The government has done a lot to ensure that home prices do not slide too precipitously. But houses are still too expensive — and if the government were to pull its interventions, prices would drop, ginning up sales.
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