The Gang of Four: Presidents propose power of eurozone authorities over national governments

European leaders have drafted a radical plan to turn the 17 countries of the eurozone into a full-fledged political federation within a decade in an attempt to placate the financial markets by demonstrating a political will to save the single currency in the medium-term. Herman Van Rompuy of the European Council has proposed, with three […]

Gov. John Kasich to propose new tax on fracking to give Ohioans a personal income tax cut

By Reginald Fields, The Plain Dealer COLUMBUS, Ohio — Ohio Gov. John Kasich will propose a new tax on a form of oil and gas drilling known as horizontal fracking and then use the fresh revenue to give a personal income tax cut to Ohioans, The Plain Dealer has learned. The complicated plan also would […]

Romney, at tea party event, to propose cuts in Amtrak, foreign aid, public broadcasting

From: EXETER, N.H. — Mitt Romney will address one of the 2012 presidential contest’s defining issues when he offers his plan to slash federal spending before a gathering of tea party activists. The Republican presidential hopeful and former Massachusetts governor was to deliver his most detailed fiscal policy speech so far before a gathering […]

Ron Paul to propose $1T in specific budget cuts

By DAN HIRSCHHORN, Ron Paul’s opinions about cutting the budget are well-known, but on Monday, he got specific: the Texas congressman laid out a budget blueprint for deep and far-reaching cuts to federal spending, including the elimination of five cabinet-level departments and the drawdown of American troops fighting overseas. There’s even a symbolic readjustment […]

Senate Democrats Propose 5% Surtax on Millionaires

By COREY BOLES, The Wall Street Journal WASHINGTON—Senate Democrats proposed a 5% surtax on people earning more than $ 1 million a year to pay for the $ 447 billion cost of President Barack Obama’s job-creation bill, in a move designed to shore up their party’s support for the measure. The proposal would replace the […]

Administration to propose steps on gun safety

By Associated Press, USA Today WASHINGTON (AP) — Six months after Rep. Gabrielle Giffords was shot, the White House is preparing to propose some new steps on gun safety, though they’re likely to fall short of the bold measures activists would like to see. Anti-gun groups have been disappointed to see no action so far […]

Lawmakers Propose Cutting Hurricane Hunters Budget (But Cuts For War Off The Table)