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The Obama administration on Thursday will kick-off a program that allows people to experiment with a new job while still receiving unemployment benefits as part of an effort to help some 5.3 million Americans who have been out of work for six months or longer. Ten states will be able to apply to participate in the program, and the Labor Department will announce the application process Thursday, according to a White House official.
When David Brock applied for tax-exempt status for Media Matters for America, he told the IRS exactly who his group would be fighting against: businesses, wealthy Americans and conservative Christians.
“Media Matters for America (MMA) believes that news reporting and analysis by the American media, with its eye on profit margin and preservation of the status quo, has become biased,” read the group’s application, obtained by The Daily Caller, “It is common for news and commentary by the press to present viewpoints that tend to overly promote corporate interests, the rights of the wealthy, and a conservative, Christian-influenced ideology.”
“I’m going to probably eliminate for high income people the second home mortgage deduction,” Romney said, adding that he would also likely eliminate deductions for state income and property taxes as well.
“By virtue of doing that, we’ll get the same tax revenue, but we’ll have lower rates,” Romney explained.
That would be true if state and local income and property taxes averaged less than the 7% Romney has pledged to lower federal income tax rates. By reducing federal income tax rates by no more than 7% and eliminating a deduction that is greater than 7%, Mitt Romney will effectively raise an individual’s net tax obligation.
Obama spent at least $205,075 in 2010 to “translocate” a single bush in San Francisco that stood in the path of a $1.045-billion highway-renovation project that was partially funded by the economic stimulus legislation President Barack Obama signed in 2009.
The official unemployment rate, currently at an unattractive 8.2%, understates the true weakness of the labor market. If you applied the July 2009 number to today’s pool of potential workers, unemployment would be somewhere north of 10%. If you applied the 2007 number, unemployment would be 11.8%.
Israel is increasingly concerned with the military build-up in Iraq amid intelligence reports that the Iranian Revolutionary Guards Corps is solidifying its presence in the country, according to a senior Israeli Defense Forces officer. Of particular concern is the Pentagon’s approval in late 2011 of the sale of 36 F- 16 multi-role combat aircraft to Iraq. The planes will be built by Lockheed Martin in the US and are of the same configuration as Israeli F-16′s.
