Tuesday, March 12, 2013
A new poll released by Goucher College shows that Marylanders see negative effects on local and national economies but not always their own finances.
A majority of Marylanders say they are concerned about the effects of the federal sequester on state and national economies even if they aren't sure it will affect them personally, according a poll released Tuesday afternoon. The poll released by the Sarah T. Hughes Field Politics Center at Goucher College found that 75 percent of those surveyed said the automatic federal spending cuts that went into effect March 1 will negatively impact the state economy while 68 percent said the cuts would hurt the national economy. National Issue, Local Effect Closer to home, only 47 percent of those surveyed said the cuts would negatively impact their own personal finances. Mileah Kromer, director of the Sarah T. Hughes Field Politics Center, said the …
Thursday, November 8, 2012
A Dec. 31, 2012, deadline looms for Congress on a number of significant financial issues.
- Ben Gross
Thursday, November 8, 2012
Now that the election is over, the most prominent problem facing the U.S. government is the “fiscal cliff.” You may have heard or seen the term in recent media coverage, but what, exactly, does “fiscal cliff” mean? If Congress fails to act, on Jan. 1, 2013, a number of financial policies will either expire or initiate, including $7 trillion worth of tax increases and spending cuts over the next 10 years. Some of the agencies and programs affected include: Defense cuts, air travel safety and food inspection cuts, income tax rates, the estate tax, marriage penalty relief, child tax credit, the alternative minimum tax, a drop in Medicare reimbursements, small business tax breaks and more. How do you feel about the country potentially going …
Thursday, August 23, 2012
Reports say that the middle class' size and income level have diminished significantly over the past decade.
Recent reports show that the middle class is declining, both in size and wealth, while the economy appears to be sliding toward a major recession in 2013. According to a report from the Congressional Budget Office (CBO) released Wednesday, the country will enter a recession if Congress allows a series of tax increases and budget cuts to become a reality in January. The report predicts that the economy will shrink by 2.9 percent in gross domestic product in the first half of 2013, and according to The Washington Post, unemployment could shoot up to 9.1 percent by the end of 2013. As of June 2012, the unemployment rate was at 8.2 percent nationally, 6.9 percent in Maryland and 5.5 percent in the D.C. Metropolitan suburbs, according to data…
Wednesday, January 5, 2011
Maryland's 8th District Democrat from Kensington takes position on Budget Committee.
WASHINGTON, D.C. — Rep. Christopher Van Hollen Jr. pledged Wednesday to find common ground with the Republican leadership of the House of Representatives, just minutes after the GOP took the reins of Congress' lower chamber. "We need to find common ground wherever possible, but where there are insurmountable differences, and there are going to be times — we all know that — where people are going to have very different views about how to move the country forward ... where that is the case, we have to stand our ground and make clear what our choices are to the voters going forward," said Van Hollen (D-8th District). Van Hollen spoke to about 150 supporters in between votes on the House floor after taking the oath of office. Van Hollen, who …