Super committee members are trying to avoid the “trigger mechanism,” a fail-safe that would result in deep military and across-the-board cuts if the deal isn’t made.
Wells Fargo posted $49 billion in profits from 2008-2010, but had an effective tax rate of -1.4 percent.
Seventy-four members of Congress signed on to the letter, which seeks to address inconsistencies between state and federal law’s treatment of LGBT couples.
Rep. Keith Ellison told ThinkProgress on Friday that former Gov. Tim Pawlenty is interested in making sure the David Kochs of the world have their way and that Pawlenty has no connections to his blue collar upbringing. Earlier in the week, ThinkProgress asked Pawlenty about corporations such as Back of America that use tax loopholes to attain a zero tax liability. Pawlenty said that corporate taxes are still too high.
Senate Republicans sent a letter to Gov. Mark Dayton Thursday stating that all 37 members of the GOP caucus have taken a “no-tax pledge” in response to the governor’s proposed budget which would increases taxes for the wealthiest Minnesotans. Senate Minority Leader Tom Bakk responded with a letter of his own questioning the pledge and its implications, while Dayton told the GOP to stop “the game-playing” and come up with a budget of their own.
Gov. Mark Dayton’s budget proposal, unveiled Tuesday, includes a tax hike for the wealthiest Minnesotans, cuts to health care for 7,200 low-income adults, an increase in spending for K-12 education, a 6 percent decrease in the state workforce,and steady funding for local governments. “I have always said that a budget is about values and priorities, as well as dollars and cents,” Dayton said. “My budget represents my values and priorities, one of which is to keep my promises that I made to the people of Minnesota last fall.”
During his State of the State address on Wednesday, Gov. Mark Dayton renewed his call for higher taxes on wealthy Minnesotans, a central position of his successful campaign for governor in 2010. He quoted the Bible in urging the rich to support his proposal for more progressive taxation.
Mark Dayton was sworn in Monday as Minnesota’s 40th governor; he’s the first Democrat to hold the post since the 1980s. Dayton said he’s committed to progressive taxation in Minnesota and carrying through on his campaign promise to deal with the state’s budget problems in part by increasing taxes on wealthy Minnesotans, a group he says isn’t paying its fair share.
You Can Run But You Cannot Hide International, Inc. (YCR), the Annandale-based hard rock ministry run by Bradlee Dean and Jake McMillian, set up trusts with help from a ministry in Oregon which has been a target of the IRS investigations for setting up tax avoidance schemes all over the country.
Gov. Tim Pawlenty handed over artifacts from his time as governor on Monday including an over-sized “Veto Pen.” In a press release from the governor’s office, Pawlenty boasted that he broke the record for most vetoes in one year and that he used the veto or line-item veto 299 times in his 8 years in office.
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