Tag Archives: Barack Obama

2010 Taxes And Romney Tax Plan

Romney Tax Plan

If you are looking for information on the 2010 taxes and what the Romney tax plan is if he wins the election, maybe this will help you.

One of the things that Romney said he does not want to do is cut taxes for the well off. He said that high income taxpayers will have fewer exemptions and deductions. He said that if those numbers didn’t come down, they’d get a tax break. Romney said that he is proposing a reduction in the tax rate but that he also wants to close exemptions and deductions at … Read the rest

SR&ED and the 2012 Federal Budget

The Scientific Research and Experimental Development (SR&ED) program, introduced in the 1980s, is a federal tax incentive program administered by the Canadian Revenue Agency, which provided $3.6 billion in tax assistance for research and development in 2011. In the past year, the SR&ED or SRED program was reviewed by a panel led by OpenText’s Thomas Jenkins which led to a series of recommended changes to the program presented to the federal government. Despite dramatic speculations of program overhauls in anticipation of the budget, the SR&ED program continues to be one of the most lucrative R&D incentive programs in the industrial … Read the rest

Obama Believes That Taxes Help In Debt Reduction

President Obama believes that the U.S. can reduce its $15 trillion-plus federal debt by generating revenue from the increase in taxes.

While attending the Business Roundtable talks Obama stated that along with finding ways to cut spending, revenue had to also be dealt with. He believes that the people of America understand that this must be done in order to solve the country’s financial problems.

Taxes will be on everyone’s minds at election time.

The opponents of Obama- Mitt Romney, Ron Paul, Newt Gingrich and Rick Santorum, all are in opposition of increasing taxes. They argue that the creations … Read the rest

Did Tim Geithner Use Turbo Tax to Determine the Detroit Employment Rate?

The Obama administration has been pushing hard recently to receive the American public’s approval of the bailouts given to America’s top automakers. Started by the preceding White house administration, these bailouts have proved to be a failure in the current administration’s policy where taxpayers once again have to pick up the tab. Taxes 2010 accounted for a majority of what the last two White House administrations paid the top automakers in Detroit to increase jobs and spurt economic growth.

Treasury Secretary Tim Geithner recently claimed that the bailout led to an increase in jobs in the city of Detroit. When … Read the rest