When Barack Obama was first inaugurated as president in 2009, post-partisanship was the buzzword. But if the 2012 election did not quash the dream of politicians working together for the good of the country, the last-minute negotiations to save the country from the so-called fiscal cliff surely did.
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WHAT: The government is subsidizing lifestyles of the rich and famous with tax write-offs for vacation homes, luxury yachts and gambling losses, plus subsidies for their ranches and estates, U.S. Sen. Tom Coburn, R-Okla., charged.WHO: Samples of the $30 billion loopholes in Coburn’s 37-page report include farm subsidies to rocker Jon Bon Jovi for a plot of land where he raises bees and to Bruce Springsteen for property he leases to an organic farmer.
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President Barack Obama unveiled additional details of yet another of his many economic stimulus programs Wednesday. The latest wrinkle in the new plan expands and makes permanent a popular credit for business research and experimentation expenses. He previously announced a provision in the plan that would allow companies to fully deduct qualified investments made before the end of 2011.
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URL: http://www.sfexaminer.com/taxonomy/term/3898
