BP sued yesterday to block what could be billions of dollars in settlement payouts to businesses over the 2010 Gulf of Mexico oil spill.
Read more: http://neworleanscitybusiness.com/blog/2013/03/16/bp-seeks-to-block-gulf-spill-settlement-payments/#ixzz2NlPS09TE
Millionaires would get a sizable tax cut if Rep. Paul Ryan’s budget proposal were to become law. Those with incomes exceeding $1 million would enjoy an average tax cut of more than $200,000, according to Citizens for Tax Justice, a left-leaning group. And it could be even bigger if Congress doesn’t try to limit tax deductions, credits and preferences to offset the costs of the proposed tax cuts.
Under the Ryan budget, released Tuesday, income would be taxed at only two rates, 10% and 25%. Currently, there are seven brackets ranging from 10% to 39.6%. The House Budget Committee chair doesn’t provide a lot of other details about his tax reform plan, which also calls for eliminating the alternative minimum tax and the Obamacare tax hikes on the wealthy.
In last year’s budget, Ryan proposed getting rid of tax loopholes and preferences, while maintaining tax breaks for savings and investments, such as the lower rate on capital gains. The rich benefit the most from the preferential rate on capital gains. But Ryan doesn’t go into that much detail in this year’s plan.
“Let’s keep moving forward on an all-of-the-above energy strategy. A strategy where we produce more oil and gas here at home, but also more biofuels and fuel-efficient vehicles; more solar power and wind power. A strategy where we put more people to work building cars, homes and businesses that waste less energy. We can do this. We’re Americans. When we commit ourselves to something, there’s no telling how far we’ll go.” —President Obama in his Weekly Address. Watch: http://wh.gov/sqUN
and was established the same year that slavery was abolished in New York State. Freedom’s Journal provided international, national, and regional information on current events and contained editorials declaiming slavery, lynching, and other injustices. The Journal also published biographies of prominent African-Americans and listings of births, deaths, and marriages in the African-American New York community. Freedom’s Journal circulated in 11 states, the District of Columbia, Haiti, Europe, and Canada. See the full archives: http://bit.ly/4xh417
Learn more about the people’s history of the media in News for All the People: The Epic Story of Race and the American Media,