Showing posts with label Hike. Show all posts
Showing posts with label Hike. Show all posts

Thursday, March 20, 2014

The Honeymoon Is Over: Ukraine To Stun Citizens With 40% Gas Price Hike

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The Honeymoon Is Over: Ukraine To Stun Citizens With 40% Gas Price Hike

Thursday, March 6, 2014

Want to Hike Mount Everest? Bring Trash Bags

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Want to Hike Mount Everest? Bring Trash Bags

Friday, February 21, 2014

Boehner: Suicide over minimum wage hike



posted on Feb, 21 2014 @ 01:19 PM




BritofTexas


neo96
Wage increases kill economic output, and they do put people out of work. Since small business is the largest employer in this country whose margins are already minuscule. The wage increase is putting a bandaid on a perceived problem that doesn’t address the root cause.



Are you advocating for everyone to take a pay cut to boost the economy?



I think something has to be done, drastically to bring living costs back to the pay rates, I know that many businesses, many many, are struggling under the load of taxes and wages at the amount that they are currently and yes many will collapse if wages are simply raised to try and meet cost of living.


The amount of taxes and wages and wage related taxes are something the average person know little about. The fact that they changed the way taxes are paid has nearly bankrupt our family business in Oregon, they changed it so you pay BEFORE you earn, so quarterly payments are made on future earnings and there are huge late fees!


In todays world thinking that income is in any way steady and paying on predictable earnings is ridiculous, plus the fact it is totally unconstitutional charging one something you don’t even have yet!




AboveTopSecret.com New Topics In US Political Madness



Boehner: Suicide over minimum wage hike

Wednesday, February 19, 2014

CBO Report Says Minimum-Wage Hike Will Cost 500,000+ Jobs; Common Sense vs. Research Papers

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CBO Report Says Minimum-Wage Hike Will Cost 500,000+ Jobs; Common Sense vs. Research Papers

UNEMPLOYMENT BENEFITS ONGOING SAGA, More House Dems retire, CBO: MINIMUM WAGE HIKE WOULD COST THOUSANDS OF JOBS


By Ginger Gibson (ggibson@politico.com or @GingerGibson)


UNEMPLOYMENT BENEFITS ONGOING SAGA – A group of Senate Republicans are trying to get the politically dangerous issue of unemployment benefits off the congressional agenda before the fall election. POLITICO’s Burgess Everett has the story: “Senate Majority Leader Harry Reid (D-Nev.) has vowed to press the GOP on unemployment benefits — forcing them to keep taking votes on a bill to extend aid to the long-term unemployed. But Republicans have rejected it twice since the program expired on Dec. 28.


“Sens. Dan Coats of Indiana, Rob Portman of Ohio, Dean Heller of Nevada and Susan Collins of Maine want a deal that could bring the Democratic drumbeat to an end. They gathered last week to plan how to revisit the cause when the Senate returns next week, hoping they can get Democrats to agree to their policy changes and finally move the red-hot issue off the Senate’s plate. “We’re still working on the same thing, which is solving the problem,” Portman said in an interview Tuesday. “I continue to believe that we can solve this if Democrats want to.”


“The political maneuvering is a reminder that voting down money for a government program might be good politics for hard-liners running on slashing deficits and spending, but for centrists, especially those from states where jobless rates remain high, looking unsympathetic to the long-term unemployed is a big risk. That explains the nuanced positions of senators like Coats, who has surprised Democrats by engaging in the unemployment debate last week.” http://politi.co/1bL5b02


CBO: MINIMUM WAGE HIKE WOULD COST THOUSANDS OF JOBS – POLITICO’s Brian Faler has the newest bombshell from the CBO: “Raising the minimum wage would cost thousands of jobs while simultaneously lifting wages for millions more, according to a new report sure to inflame an election-year battle over income inequality.


“In an analysis providing fodder to both Democrats and Republicans, the Congressional Budget Office said Tuesday that a proposal similar to one offered by President Barack Obama would reduce total employment by 500,000 workers or about .3 percent by 2016. At the same time, it would boost earnings for some 16.5 million people, lifting 900,000 above the poverty line, the report said.” http://politi.co/1jDiK0U


– House Minority Leader Nancy Pelosi and Workforce Committee Chairman George Miller both released statements after the report saying they will continue to press for a hike in the wage.


EXECUTIVE AUTHORITY— President Obama announced a renewed effort to reduce emissions from large trucks and is acting with his executive authority. The Washington Post’s Juliet Eilperin reports: “President Obama announced Tuesday that the federal government will further tighten fuel efficiency for medium- and heavy-duty trucks, part of his ongoing effort to use executive authority to address climate change and spur domestic manufacturing.


“Speaking at the Safeway distribution center in Upper Marlboro, Md., Obama did not specify what new standard the Environmental Protection Agency and the Department of Transportation should set for these larger trucks, which weigh more than 8,500 pounds, but he said he was confident manufacturers could meet this “ambitious” goal.” http://wapo.st/1fghuAx


NUMBERS: DSCC raised $ 6.5 million in January, topped NRSC by $ 2 million – http://politi.co/N9oQLy


HOUSE DEM RETIREMENTS CONTINUE – Two more House Democrats announced they are not seeking reelection.


– Rocket scientist New Jersey Democrat Rep. Rush Holt will not run for reelection. Holt becomes the third member of the New Jersey delegation to skip out on Congress this year. POLITICO’s Alex Isenstadt reports: ““There is no hidden motive for my decision,” Holt, 65, said in a statement Tuesday. “As friends who have worked with me know, I have never thought that the primary purpose of my work was re-election and I have never intended to make service in the House my entire career. For a variety of reasons, personal and professional, all of them positive and optimistic, the end of this year seems to me to be the right time to step aside and ask the voters to select the next representative.”


“Holt, a member of the House Education and the Workforce Committee, is a former Swarthmore College professor. He’s also a five-time Jeopardy! champion.” http://politi.co/1kSNIW1


– Freshman California Democrat Rep. Gloria Negrete McLeod announced she will instead seek a seat as a San Bernardino County supervisor. The LA Times Richard Simon reports: “”My heart is here in the district,” she said in a written statement. After agonizing over whether to run for reelection to Congress or a seat on the Board of Supervisors, “my desire to represent this community locally, where I have lived for more than 40 years, and where I have long served as an elected official, won out,” she said.


“Negrete McLeod, 72, a former state lawmaker, defeated a fellow Democrat, then-Rep. Joe Baca of Rialto, to win election to the House in 2012. Baca said by telephone Tuesday that he was still planning to run for the seat being vacated by retiring Rep. Gary Miller (R-Rancho Cucamonga) but added that he was keeping his options open.” http://lat.ms/1dIIqbK


And then Baca – who is running for George Miller’s seat — called McLeod a bimbo: And then he apologized. The Hill’s Cameron Joseph has the story, asking Baca about party leaders trying to tip the scales against him: “Look at what we wound up with: Some bimbo who decided not to run again. … Here we go again now with another New Yorker trying to tell us who’s going to be the representative of the 31st. It’s up to the people to decide.”


“Baca called back Tuesday evening to apologize for his “poor choice of words.” “I was just upset the district lost a representative in a short period of time. To me, that’s a disservice to the area. I do apologize for my poor choice of words,” Baca told The Hill.” http://bit.ly/1bkZ3ez


MISSISSIPPI SENATE – POLITICO’s Alex Burns looks at the Mississippi Senate race: “As Sen. Thad Cochran faces a potentially career-ending primary challenge, his strategy for victory is straightforward: Stress his decades of bringing home federal largesse and his long relationships with home-state Republicans; tap Washington rainmakers to fill his campaign account; and bring in Mississippi political legends like Haley Barbour and Trent Lott to help seal the deal.


“Cochran’s opponent in the June 3 showdown, state Sen. Chris McDaniel, is practically salivating over the contrast that it represents. As the 2014 election cycle begins to accelerate, perhaps no race presents a sharper difference of views on what it means to be a Republican or offer a sharper microcosm of the ongoing GOP civil war than the race in Mississippi.” http://politi.co/1kWjCRH


**A message from POWERJobs: Jobs on our radar this week: Senior Data Modeler at Deloitte, Client Financial Management Analyst at Accenture and Director of Business Development at Evolver.  Interested? Apply to these jobs and more at www.POWERJobs.com; finally, a career site made for YOU!**


GOOD WEDNESDAY MORNING, FEB. 19, 2014, and welcome to The Huddle, your-play-play preview of all the action on Capitol Hill. Scott is out for the week, so send tips, suggestions, comments, complaints and corrections to ggibson@politico.com. You can also heckle me on Twitter @GingerGibson. Seung Min Kim will be taking over tomorrow. Email her skim@politico.com.


TODAY IN CONGRESS –. The House and Senate have both recessed for the week.


AROUND THE HILL – All is quiet on Capitol Hill. But far from the hill members are holding press conferences in their districts. Sen. Ted Cruz will hold a press conference to discuss his energy plan at 2 p.m. CT at Spindletop in Beaumont, Texas. No livesteam is available. 


MUST-WATCH: DRIVING THE DAY – POLITICO insiders Alex Burns, Anna Palmer, Manu Raju and Jake Sherman relaunch this classic POLITICO video series, taking you behind-the-scenes of what’s driving the day’s headlines every Tuesday – Thursday morning. Today’s video looks at the future of the Senate control and who has the upper hand, Republicans or Democrats: www.politico.com/drivingtheday .


DISCHARGE PETITIONS – Roll Call’s David Hawkings argues the unlikely success of two discharge petitions Democrats are pushing in the House: “the one they’ve been talking about most enthusiastically in recent days — the discharge petition — has a high probability of failure.


“It’s almost certainly not going to realize the stated legislative objective, which is to break the deadlock created by conservatives on both immigration and increasing the minimum wage. But neither is it likely to produce the unstated political objective, which is to push the GOP into looking like the sort of discordant and mean-spirited mess that’s undeserving of running the House for another two years.


“The reason for those predictions is the same on both counts. There just aren’t enough genuine moderates in the Republican conference, nor a sufficient number of endangered GOP incumbents, to give either discharge petition a chance for success.” http://bit.ly/1eQJXrV


Former Rep. Mel Reynolds arrested in Zimbabwe – No stranger to the legal troubles, former Rep. Mel Reynolds was arrested in Zimbabwe on Monday after authorities found him in possession of pornography, a crime in the African nation. Reuters has the story: “Former congressman Mel Reynolds has been arrested in Zimbabwe, an immigration official said on Tuesday, after state media reported the convicted sex offender had been found with pornography at a local hotel.


“Police and immigration officials were investigating Reynolds for living in the southern African country without a valid visa, Francis Mabika, an assistant regional immigration officer, told Reuters.” http://yhoo.it/1falXpS


HILL ALUMNI FILES: Former Carper aide running for Delaware treasurer – Sean Barney will primary embattled Democratic Treasurer Chip Flowers. The News Journal’s Jonathan Starkey has the story: “He has now launched a campaign website, where he takes only veiled shots at Flowers, who has come under fire in recent months for his troubled relationship with the board that manages a $ 2 billion taxpayer portfolio and questionable credit card spending out of his office. “I will restore the focus of the Treasurer’s office on its core responsibility of protecting the integrity of payments made with taxpayer resources,” Barney said on his website. He added that, “As policy director to the governor, I worked with 16 cabinet secretaries and cabinet agencies of state government to help develop consensus…. I understand that the role of the State Treasurer on the State’s Cash Management Policy Board operates in a similar vein– not to make policy unilaterally, but to work effectively with others to do right by the people of Delaware.”” http://delonline.us/1mrEJNr


Outside spending in Florida 13 –The Washington Post’s Sean Sullivan takes a look at the numbers: “There’s no doubt that Republicans and Democrats see the outcome of Florida’s 13th district special election as a crucial marker ahead of the midterm elections this fall. For proof, look at how much money organizations on both sides have been pouring in.


“The biggest spenders thus far have been Republican-aligned groups, according to a tally from the Center for Responsive Politics, which tracks campaign spending. GOP groups have spent more than $ 2.8 million to boost Republican nominee David Jolly or attack Democratic nominee Alex Sink, CRP’s most up-to-date numbers show. Democratic groups have spent nearly $ 1.5 million doing the opposite.” http://wapo.st/1jQq9gr


Happening in Ukraine – As violent clashes between protesters and riot police continue, government officials are beginning to take more public note of the conflict. From The Hill’s Justin Sink: “Vice President Biden on Tuesday called Ukranian leader Viktor Yanukovych to express “grave concern” about a brutal police crackdown in Kiev.


“According to the White House, Biden urged Yanukovych to “pull back government forces and to exercise maximum restraint.”” http://bit.ly/1oRjvY0


– From the NY Times: “Secretary of State John Kerry urged Mr. Yanukovych to stop the bloodshed. “We call on President Yanukovych and the Ukrainian government to de-escalate the situation immediately, and resume dialogue with the opposition on a peaceful path forward. Ukraine’s deep divisions will not be healed by spilling more innocent blood,” he said in a statement.” http://nyti.ms/1fdcy0B


TUESDAY’S TRIVIA WINNER – Something interesting happened with yesterday’s trivia that will result in two winners. When Mark Twain wrote “Congress doesn’t know anything about religion… You religious people there are too feeble, in intellect, in morality, in piety—in everything pretty much.” he was writing for Sen. Nye of Nevada in response to a constituent seeking help to incorporate the Episcopal Church in Nevada. Jim Sims of Molycorp chimed in with that answer, pointing to the recently published book by John Mueller “Mark Twain in Washington.” (See excerpt here: http://bit.ly/1bIqG1s)


But the Senate historian had a different answer on their website. In an article on their website (http://1.usa.gov/1bhYNNg), they stated that Twain was working for Sen. William Stewart, also of Nevada. Michael Brumas, in Sen. Mitch McConnell’s office, was the first one to respond with that answer.


Since there were conflicting responses, I went to the Senate Historian to try to get to the bottom of this piece of Twain trivia. Turns out, Mueller was correct and Nye was Twain’s employer when he penned those words. Twain blew through several jobs during his brief stint in Washington. They are changing their website. And now we can say Huddle changed history.


TODAY’S TRIVIA – Michael Brumas has today’s trivia question. On at least two occasions, what former member of the Senate Judiciary Committee prefaced his opposition to Supreme Court nominees with the adage, ‘When in doubt, don’t.’ The first person to correctly answer gets a mention in the next day’s Huddle. Email me at ggibson@politico.com.


GET HUDDLE emailed to your Blackberry, iPhone or other mobile device each morning. Just enter your email address where it says “Sign Up.” http://www.politico.com/huddle/


**A message from POWERJobs: Tap into the power of POWERJobs for the newest job opportunities in the Washington area from the area’s top employers, including METRO, Deloitte and AIPAC. Powered by names you trust – POLITICO, WTOP, WJLA/ABC-TV, NewsChannel 8 and Federal News Radio- POWERJOBS is the ultimate career site with more than 2 million job searches and nearly 17,000 applications submitted this year so far. Connect through Facebook or LinkedIn, search jobs by industry and set up job-specific email alerts using www.POWERJobs.com, the site for Washington’s top talent.**




POLITICO – Top 10 – Huddle



UNEMPLOYMENT BENEFITS ONGOING SAGA, More House Dems retire, CBO: MINIMUM WAGE HIKE WOULD COST THOUSANDS OF JOBS

Friday, December 27, 2013

Washington Judge Strikes Part of Minimum Wage Hike Measure


A Washington state judge has struck part of the voter-approved $ 15 an hour minimum wage measure for airport workers in SeaTac.


King County Superior Court Judge Andrea Darvas says the measure applies to about 1,600 hotel and parking lot workers in the city of SeaTac, but does not apply to employees and contractors working within Seattle-Tacoma International Airport, which is operated by the Port of Seattle.


Darvas said the state Legislature has given municipalities like the Port of Seattle “exclusive jurisdiction” over their operations.


Supporters of the measure say they will file an appeal to the state Supreme Court.


Last month voters in the city of SeaTac narrowly approved the measure, which would apply to around 6,000 workers at the airport and related industries, like hotels and rental car companies.


© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.




Newsmax – America



Washington Judge Strikes Part of Minimum Wage Hike Measure

Monday, November 18, 2013

Fed"s message of no rate hike until 2015 is sinking in: study

Fed"s message of no rate hike until 2015 is sinking in: study
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/11/f21a6__?m=02&d=20131118&t=2&i=812923077&w=460&fh=&fw=&ll=&pl=&r=CBRE9AH1E3J00.jpg





SAN FRANCISCO Mon Nov 18, 2013 1:02pm EST



A general view of the U.S. Federal Reserve building as the morning sky breaks over Washington, July 31, 2013. REUTERS/Jonathan Ernst

A general view of the U.S. Federal Reserve building as the morning sky breaks over Washington, July 31, 2013.


Credit: Reuters/Jonathan Ernst




SAN FRANCISCO (Reuters) – The Federal Reserve has effectively communicated its commitment to ultra-easy policy, so that economists and traders correctly understand that interest rates will likely stay near zero until “sometime in 2015,” according to a Fed study published on Monday.


The paper, published in the latest Economic Letter from the Federal Reserve Bank of San Francisco, looks in detail at data through late May. At that time, the researchers said, investors and economists expected a first Fed rate hike around mid-2015, based on economist surveys and Treasury yields interpreted in light of near-zero rates.


Although the paper does not explicitly say so, the decline in market rates since May — when Fed Chairman Bernanke offered a timeline for the end of the Fed’s massive bond-buying program that now sees too aggressive — suggests that traders may now see the Fed’s first rate hike as coming even later.


Convincing the public that the U.S. central bank will keep rates low for a long time is a key pillar of the Fed’s super-easy monetary policy, which seeks to stoke investment and hiring by keeping borrowing costs down.


Economist surveys and U.S. Treasury yields both show that most are buying the idea that low rates are here to stay for quite a while, the paper said.


“Our estimates suggest that the (Fed)’s forward guidance has been effective in pushing out the expected liftoff horizon, which has contributed to lower interest rates, easing financial conditions and adding stimulus to the economy,” wrote San Francisco Fed economist Michael Bauer and the bank’s research director Glenn Rudebusch.


“Recent estimates of policy liftoff generally suggest the first funds rate hike will occur sometime in 2015.”


The authors cautioned that reading expected future rate rises in the Treasury yield curve requires more finesse than simply looking at the first point on the graph where Treasury yields suggest rates could rise.


Reading the yield curve in such a simple way “will generally underestimate the time until liftoff” based on the Fed’s own forecasts and those of economists, the authors said, because near-zero short-term rates distort the curve as a reading of the most likely timing of a rate hike.


A case in point: In May 2013, a simple reading of the yield curve would have suggested the first Fed rate hike as coming in September 2014 — more than six months earlier than could be concluded using the authors’ own model of interpreting forward rates.


“Interpreted correctly, both the survey and market measures of policy liftoff appear generally consistent with the (Fed)’s formal guidance,” they wrote.


The Fed does not in its formal statement provide a date for when it expects to begin to raise rates. It does publish forecasts from Fed policymakers, the majority of whom see rates first rising in 2015.


Exactly when in 2015 is still an open question. And on that score, the San Francisco Fed researchers are silent.


(Reporting by Ann Saphir; Editing by Leslie Adler)






Reuters: Business News




Read more about Fed"s message of no rate hike until 2015 is sinking in: study and other interesting subjects concerning Business at TheDailyNewsReport.com

Thursday, October 10, 2013

GOP meets to mull short-term hike

Paul Ryan is pictured. | John Shinkle/POLITICO

Ryan pitched a short-term debt ceiling hike alongside some spending cuts. | John Shinkle/POLITICO





House Republicans on Thursday morning will discuss a short-term debt ceiling hike while keeping government closed as a way to “meet President [Barack] Obama” halfway, according to multiple GOP sources.


The 10 a.m. meeting in the Capitol comes nine days into a government shutdown, and exactly one week before the nation’s borrowing limit must be lifted.





Jack Lew warns Congress on debt ceiling






The genesis of this idea comes from Rep. Paul Ryan (R-Wis.), the Budget Committee chairman. Ryan pitched a short-term debt ceiling hike alongside some spending cuts at a Wednesday Republican Study Committee meeting. The idea is to remove the threat of default, while giving Washington several weeks to cull together a fiscal deal that would fund government, lift the debt ceiling for a longer period of time and enact a number of fiscal reforms.


There’s no sense whether Obama or Senate Democrats would go along with this, since they’ve said government should be re-opened and the debt ceiling must be lifted before fiscal talks begin.


(PHOTOS: Debt ceiling fight: 20 great quotes)


This comes as Treasury Secretary Jack Lew will warn a Senate commitee about the dangers of a debt default. Lew said failing to raise the debt ceiling will damage the “ongoing economic recovery, and the jobs and savings of millions of Americans.”


“I have a responsibility to be transparent with the American people about these risks,” Lew said, according to prepared testimony to the Senate Finance Committee. “And I think it would be a grave mistake to discount or dismiss them. For these reasons, I have repeatedly urged Congress to take action immediately so we can honor all of the country’s past commitments.”


In those prepared remarks, Lew dismissed the idea of prioritizing payments to avoid default — something some Republicans have favored.


(PHOTOS: 18 times the government has shut down)


“As administrations of both political parties have previously determined, these ‘prioritization’ proposals do not solve the problem,” Lew said, according to prepared remarks. “They represent an irresponsible retreat from a core American value: since 1789, regardless of party, Presidents and Congress have always honored all of our commitments.”


House GOP leaders will have the chance to talk about all of this Thursday, when Boehner, Cantor and McCarthy bring top Republicans to the White House for a meeting with Obama and Vice President Joe Biden. That meeting will be Thursday afternoon, after Senate Democrats down Pennsylvania Avenue.




POLITICO – TOP Stories



GOP meets to mull short-term hike

GOP meets to mull short-term hike

Paul Ryan is pictured. | John Shinkle/POLITICO

Ryan pitched a short-term debt ceiling hike alongside some spending cuts. | John Shinkle/POLITICO





House Republicans on Thursday morning will discuss a short-term debt ceiling hike while keeping government closed as a way to “meet President [Barack] Obama” halfway, according to multiple GOP sources.


The 10 a.m. meeting in the Capitol comes nine days into a government shutdown, and exactly one week before the nation’s borrowing limit must be lifted.





Jack Lew warns Congress on debt ceiling






The genesis of this idea comes from Rep. Paul Ryan (R-Wis.), the Budget Committee chairman. Ryan pitched a short-term debt ceiling hike alongside some spending cuts at a Wednesday Republican Study Committee meeting. The idea is to remove the threat of default, while giving Washington several weeks to cull together a fiscal deal that would fund government, lift the debt ceiling for a longer period of time and enact a number of fiscal reforms.


There’s no sense whether Obama or Senate Democrats would go along with this, since they’ve said government should be re-opened and the debt ceiling must be lifted before fiscal talks begin.


(PHOTOS: Debt ceiling fight: 20 great quotes)


This comes as Treasury Secretary Jack Lew will warn a Senate commitee about the dangers of a debt default. Lew said failing to raise the debt ceiling will damage the “ongoing economic recovery, and the jobs and savings of millions of Americans.”


“I have a responsibility to be transparent with the American people about these risks,” Lew said, according to prepared testimony to the Senate Finance Committee. “And I think it would be a grave mistake to discount or dismiss them. For these reasons, I have repeatedly urged Congress to take action immediately so we can honor all of the country’s past commitments.”


In those prepared remarks, Lew dismissed the idea of prioritizing payments to avoid default — something some Republicans have favored.


(PHOTOS: 18 times the government has shut down)


“As administrations of both political parties have previously determined, these ‘prioritization’ proposals do not solve the problem,” Lew said, according to prepared remarks. “They represent an irresponsible retreat from a core American value: since 1789, regardless of party, Presidents and Congress have always honored all of our commitments.”


House GOP leaders will have the chance to talk about all of this Thursday, when Boehner, Cantor and McCarthy bring top Republicans to the White House for a meeting with Obama and Vice President Joe Biden. That meeting will be Thursday afternoon, after Senate Democrats down Pennsylvania Avenue.




POLITICO – TOP Stories



GOP meets to mull short-term hike

Monday, August 19, 2013

VIDEO: Helen Hunt Sports a Thick Layer of Sunscreen on Family Hike







Helen Hunt shows how she’s kept her youthful glow as she slathered on a thick layer of sunscreen for a hike with her family.













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VIDEO: Helen Hunt Sports a Thick Layer of Sunscreen on Family Hike

VIDEO: Helen Hunt Sports a Thick Layer of Sunscreen on Family Hike







Helen Hunt shows how she’s kept her youthful glow as she slathered on a thick layer of sunscreen for a hike with her family.













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VIDEO: Helen Hunt Sports a Thick Layer of Sunscreen on Family Hike

Tuesday, August 13, 2013

Japan PM may sweeten sales tax hike with corporate tax cut

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe may look at cutting corporate taxes to ensure he can push through a planned sales tax increase as he seeks to show he has a strategy to both foster an economic recovery and contain the country’s enormous public debt.


Reuters: Top News



Japan PM may sweeten sales tax hike with corporate tax cut

Friday, August 2, 2013

Japan says GDP growth could slow to 1 percent after sales tax hike


Japan says GDP growth could slow to 1 percent after sales tax hike


Japan says GDP growth could slow to 1 percent after sales tax hike

TOKYO (Reuters) – Japan’s economic growth will slow to 1.0 percent in fiscal 2014/15, less than half the pace expected this year, as a planned sales tax hike weighs temporarily on consumption, government forecasts showed.



Reuters: Top News



Japan says GDP growth could slow to 1 percent after sales tax hike