Believe that was main theme the other night?
As I said I didn't see speech--was he laughing when he said that--what about Pelosi?
$25, 573.48 - what Barack Obama's budget will cost each taxpayer
Posted By: Toby Harnden at Feb 26, 2009 at 19:06:47 [General]
Posted in: Foreign Correspondents
Tags:Barack Obama, budget
So how much will President Barack Obama's budget cost us? The projected 2010 budget of $3.552 trillion can be found on page 114 of the "New Era of Responsibility" budget here.
The US Census bureau estimates that the current US population is 304,059,724. Dividing the $3.552 trillion by that gives us close to the $11,833 that Drudge came up with. ABC's Jake Tapper reports that there wil be $989 billion in new taxes over the next decade.
++++++++++++++++++++++++++++
http://blogs.abcnews.com/politicalpunch/2009/02/obamas-budget-a.html
and ABC's Jack Tabor report--
Obama's Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011
February 26, 2009 12:00 PM
President Obama's budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals.
1) On people making more than $250,000.
$338 billion - Bush tax cuts expire
$179 billlion - eliminate itemized deduction
$118 billion - capital gains tax hike
Total: $636 billion/10 years
2) Businesses:
$17 billion - Reinstate Superfund taxes
$24 billion - tax carried-interest as income
$5 billion - codify "economic substance doctrine"
$61 billion - repeal LIFO
$210 billion - international enforcement, reform deferral, other tax reform
$4 billion - information reporting for rental payments
$5.3 billion - excise tax on Gulf of Mexico oil and gas
$3.4 billion - repeal expensing of tangible drilling costs
$62 million - repeal deduction for tertiary injectants
$49 million - repeal passive loss exception for working interests in oil and natural gas properties
$13 billion - repeal manufacturing tax deduction for oil and natural gas companies
$1 billion - increase to 7 years geological and geophysical amortization period for independent producers
$882 million - eliminate advanced earned income tax credit
Total: $353 billion/10 years
++++++++++++++++++++++++++++
Only thing both asrticles omitted is--
--and thats just in 1st 30 days--
I see todays topic was on healthcare--and finabcials report--
"Obama budget sinks stocks as health sector slumps"
http://news.yahoo.com/s/nm/20090226/bs_nm/us_markets_stocks
Been a long 30 days :nooo:
As I said I didn't see speech--was he laughing when he said that--what about Pelosi?
$25, 573.48 - what Barack Obama's budget will cost each taxpayer
Posted By: Toby Harnden at Feb 26, 2009 at 19:06:47 [General]
Posted in: Foreign Correspondents
Tags:Barack Obama, budget
So how much will President Barack Obama's budget cost us? The projected 2010 budget of $3.552 trillion can be found on page 114 of the "New Era of Responsibility" budget here.
The US Census bureau estimates that the current US population is 304,059,724. Dividing the $3.552 trillion by that gives us close to the $11,833 that Drudge came up with. ABC's Jake Tapper reports that there wil be $989 billion in new taxes over the next decade.
++++++++++++++++++++++++++++
http://blogs.abcnews.com/politicalpunch/2009/02/obamas-budget-a.html
and ABC's Jack Tabor report--
Obama's Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011
February 26, 2009 12:00 PM
President Obama's budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals.
1) On people making more than $250,000.
$338 billion - Bush tax cuts expire
$179 billlion - eliminate itemized deduction
$118 billion - capital gains tax hike
Total: $636 billion/10 years
2) Businesses:
$17 billion - Reinstate Superfund taxes
$24 billion - tax carried-interest as income
$5 billion - codify "economic substance doctrine"
$61 billion - repeal LIFO
$210 billion - international enforcement, reform deferral, other tax reform
$4 billion - information reporting for rental payments
$5.3 billion - excise tax on Gulf of Mexico oil and gas
$3.4 billion - repeal expensing of tangible drilling costs
$62 million - repeal deduction for tertiary injectants
$49 million - repeal passive loss exception for working interests in oil and natural gas properties
$13 billion - repeal manufacturing tax deduction for oil and natural gas companies
$1 billion - increase to 7 years geological and geophysical amortization period for independent producers
$882 million - eliminate advanced earned income tax credit
Total: $353 billion/10 years
++++++++++++++++++++++++++++
Only thing both asrticles omitted is--
--and thats just in 1st 30 days--
I see todays topic was on healthcare--and finabcials report--
"Obama budget sinks stocks as health sector slumps"
http://news.yahoo.com/s/nm/20090226/bs_nm/us_markets_stocks
Been a long 30 days :nooo:
