If the classic 1940 movie “Grapes of Wrath” were remade for 2012, the Joad family would be trekking, instead, from California to Oklahoma. Based on the 1939 novel by Californian John Steinbeck, the movie showed the Joads suffering through the 1930s Great Depression and Dust Bowl in Oklahoma, then striking out for the Golden State [...]
A Congressional Budget Office study has claimed that between 1979 and 2007 after-tax income for richest households grew substantially more than it did for others. Let’s look at what is not happening. The poor are not getting poorer because the rich are getting richer. Gary Burtless of the Brookings Institution says living standards have improved [...]
F.J. Pollak is president, CEO, and co-founder of TracFone Wireless. He writes about the need to preserve subsidized phone service for low-income Americans. Federal regulators recently announced a move that could deprive millions of low-income Americans of one of modern life’s necessities — the telephone. Officials at the Federal Communications Commission are considering a series [...]
WASHINGTON – U.S. Senator Tom Udall (D-NM) today announced that Finance New Mexico will receive $46 million to support job creation and investments from the private-sector in economically distressed communities across the state. The $46 million comes through the New Markets Tax Credit (NMTC) program under the U.S. Department of the Treasury’s Community Development Financial [...]
Corporate income tax inefficient Economist Mark W. Hendrickson, contributing scholar with The Center for Vision & Values at Grove City College in Pennsylvania, submitted his views on corporate income taxes in a guest column for newspapers across the country. Here’s a snippet from his report:
Freedom New Mexico Even as the federal government continues its grandiose mission of redistributing your tax money, we continue to learn how unaccountable its corrupt system already is. The Government Accounting Office, which monitors how Washington manages tax money, has uncovered yet another expensive boondoggle amid the well-intentioned federal giveaway of billions of dollars, this [...]
By Tom Philpott: PNT columnist Middle-class American youth are entering the military in significant numbers today, drawn by more competitive pay, a battered civilian job market and the buzz surrounding an improved GI Bill education benefit. The Department of Defense announced earlier this month that for the first time since the draft ended and the [...]
By Tom Philpott: PNT columnist An estimated 258,000 middle-income veterans with no service-connected health conditions will be allowed by late June to enroll in the VA health care system.
PNT Staff Reports USDA accepting public comment on regulation The U.S. Department of Agriculture started accepting public comment Monday on a new regulation changing adjusted gross income qualifications for disaster and commodity programs, according to a USDA press release. Changes include reducing qualifications for disaster and commodity programs from an adjusted gross income of $2.5 [...]
PNT Staff Report AARP seeks income tax preparation volunteers AARP Tax-Aide is looking for volunteers for tax counseling and leadership positions. Each year from Feb. 1 through April 15, AARP Tax-Aide volunteers prepare federal, state and local tax returns for low- and middle-income taxpayers.