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08 Feb 2011 14:30

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Politics: Barack Obama makes his tax pitch to the business community

  • Another barrier government can remove is a burdensome corporate tax code with one of the highest rates in the world.
  • President Barack Obama • Speaking to the Chamber of Commerce, the President reiterated his State Of The Union pledge to cut the corporate tax rate. This plan writ large may not cause too much angst to his liberal supporters, provided that the reciprocal promise he made, eliminating loopholes in said corporate tax code, also sees some motion. Chamber of Commerce head Thomas Donahue called it  “a good change in tone.” source

19 Dec 2010 21:22

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Politics: FYI: The 20th Amendment was meant to stop lame-duck sessions

  • problem Throughout history, Congress has actually tried to get things done during lame-duck sessions, which was always controversial.
  • solution The Depression-era 20th Amendment changed the end date of Congress from March to early January to stop lame-duck sessions.
  • problem The amendment, however, didn’t account for the proliferation of airplane travel – meaning that Congress could meet in December. source