BUSINESS
May 22, 2012 | Alan Fram, Associated Press
Republicans will have to drop their insistence on retaining tax cuts for the rich and plans to reshape Medicare before there can be a bipartisan deal on controlling federal deficits and averting a wide-scale tax increase in January, the Senate's top Democrat said. In a letter to GOP senators released Tuesday, Senate Majority Leader Harry Reid blamed congressional Republicans' "strict adherence to tea party ideology" for the two sides' failure to reach such a deal. Reid, D-Nev., also said the GOP's "blind adherence to tea party extremism is making it impossible" to reach compromise before the...
NEWS
May 22, 2012 | Jennifer Sinco Kelleher, Associated Press
Hawaii officials defended the islands Tuesday as a place of business amid criticism from two key U.S. senators who questioned the decision to hold an upcoming conference for federal judges on Maui. Sen. Jeff Sessions, R-Ala., and Sen. Chuck Grassley, R-Iowa, say the planned meetings of the 9th U.S. Circuit Court of Appeals are excessive and strike the wrong tone in a time of government budget cuts. "Americans struggling to pay their bills," Sessions said Monday, "are tired of watching the government throw lavish events on the taxpayer dime.
NEWS
May 20, 2012 | Associated Press
Former wresting executive Linda McMahon, who won the Connecticut Republican Party's endorsement for a second campaign for U.S. Senate, said Sunday that GOP rival Christopher Shays should drop out of the race. Appearing on WFSB-TV's "Face the State," McMahon said that because she won more than 60 percent of the 1,208 delegates on Friday, Shays should quit so Republicans can be unified against Democrats in the fall. "That's a pretty strong statement to Republicans in the state, that I am the endorsed candidate, and I would really hope that...
BUSINESS
May 19, 2012 | Sean Murphy, Associated Press
A little more than half of Oklahoma taxpayers would see a tax cut next year for an average annual savings of $60 under a Republican-backed income tax plan, according to an analysis of the proposal released on Friday. The Oklahoma Tax Commission analysis shows 54 percent of Oklahoma tax filers would get a tax cut, while an additional 21 percent would see no change in their tax liability. Nearly 25 percent of Oklahomans would actually have an increase in their tax liability under the plan.
NEWS
May 17, 2012
Countering the Obama campaign's massive ad buy last week, the independent conservative group Crossroads GPS announced a plan Wednesday to spend $25 million airing an attack ad in 10 swing states. The 60-second ad accuses the president of breaking promises to assist struggling homeowners, hold down taxes for households making less than $250,000 per year, let people keep private health insurance plans they like, and cut the federal deficit in half. The last point is one that presumptive GOP presidential nominee Mitt Romney and other Republicans have hammered this...
NEWS
May 17, 2012 | Henry C. Jackson, Associated Press
For Senate Republicans, 2012 is starting a lot like 2010. They have a shot at taking control away from Democrats as long as insurgent conservatives who are defeating the party's more establishment candidates in primaries don't frighten too many independent voters like they did two years ago. Deb Fischer, a little-known state senator, became the latest unexpected Senate GOP nominee Tuesday, rallying late to upset the favored — and better...