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

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TweetYumEuropean 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

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TweetYum 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 […]

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

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TweetYum From: TheWashingtonPost.com 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 […]

Ron Paul to propose $1T in specific budget cuts

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TweetYumBy DAN HIRSCHHORN, Politico.com 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

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TweetYum 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 […]