The United States Treasury’s inspector general conducted an audit of the department’s gold held at the Federal Reserve Bank of New York. The report concluded that the Fed’s gold is secure and is purer than previous estimates, at least according to the federal government. Last year, auditors spent weeks five stories under the island of […]
Archives for February 2013
Republican, Democrat lawmakers reintroduce online sales tax legislation in Congress
Last week, Democrat and Republican lawmakers revived legislation called “The Marketplace Fairness Act” that could force online retailers, such as Amazon and eBay, to collect sales taxes. Federal and state officials argue that this bill could abolish a “handicap” on the traditional bricks-and-mortar establishments. The bill would permit states to gather sales taxes from online […]
17 reasons Obama economic policies will accelerate the collapse of the U.S. economy
President Barack Obama delivered the annual State of the Union address in which he called for several economic policies and reforms. According to the president, these initiatives and measures will improve the middle class and lift millions of Americans out of poverty. Indeed, these steps may seem well-intended, but the reality is that much of […]
Senate Hair Care shop cost U.S. taxpayers $51 million since 1997
For the past 15 years, the Senate Hair Care barbershop has continuously run an annual budget deficit of approximately $340,000. This subsidy continues to grow and has cost American taxpayers more than $51 million since 1997. At a time when the United States federal government proves to have a difficult time balancing the budget, members […]
Los Angeles seeking sales tax hike to pay for raises for city employees
At a time when the city of Los Angeles faces an overwhelming $1 billion budget deficit, Mayor Antonio Villaraigosa is seeking to impose a sales tax that would help pay for raises for the city’s employees, according to a report from the Los Angeles Times. The employee raises are estimated to cost taxpayers $167 million […]