September 12, 1991 |
Bowing to rank-and-file pressure, the Democratic chairmen of the Senate and House tax-writing committees have agreed to propose a tax cut for middle-income taxpayers in October and to push for its adoption next year. Since the legislation is expected to meet pay-as-you-go requirements of last year's budget agreement between President Bush and Congress by sharply increasing taxes for upper-income Americans, however, it appears certain to be vetoed with scant chance of an override.
July 13, 1986 |
House negotiators will fight to preserve tax deductions for middle-income Americans, including write-offs for individual retirement accounts, Rep. Dan Rostenkowski (D-Ill.), chairman of the Ways and Means Committee, said Saturday.
CALIFORNIA | LOCAL
January 17, 2008 |
It's an improbable place to find a home-building boom in the midst of Los Angeles' sluggish housing market. Yet only three blocks from the Imperial Courts public housing project, along a stretch of land once used as a neighborhood dump, 44 homes are rising in Watts within sight of its famous towers.
October 27, 1990 |
The tax changes included in the new budget package should increase the progressivity of the federal tax system--but only very slightly--economists and tax analysts said Friday. While the wealthy will bear a somewhat larger share of the tax burden at the federal level if the new package passes, the tax system will still remain less progressive than it was prior to the 1980s, when the affluent received large tax cuts from the Reagan Administration.
May 28, 2006 |
For Matt Morris, the good news and the bad news came in the same envelope -- his acceptance letter from the University of Southern California's film school. It is, after all, one of the most lauded programs in the country. But at $44,000 a year, it's also one of the most costly, and his financial aid grant was nowhere near enough to make it affordable.
July 26, 1989 |
That envelope stuffed with discount coupons may be junk mail to you, but it's become a cost-effective way for a growing number of small businesses to get inside your home to peddle their products. It has also become a gold mine for Money Mailer, a Huntington Beach direct-mail firm that specializes in helping proprietors of small businesses band together to pitch their wares in one mailing. Money Mailer is one of a few national firms that specialize in what is called "cooperative" advertising.
August 22, 2012 |
The vast majority of middle-class Americans say their financial well-being has been crimped over the last 10 years by sagging home values and dreary job prospects, according to a new survey. About 85% of middle-class people say it's tougher now than a decade ago to maintain their living standards, according to the Pew Research Center report. “Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some - but by no means all - of its characteristic faith in the future,” the report states.
January 31, 1991 |
As far back as Fannie Johnson can remember--and that's all the way back to World War I--her family has dutifully heeded the nation's call to arms. "I was little, but I remember my relatives being in that war," said Johnson, sitting erect in her favorite chair by the front window. Fighting in France during the war was Ernest Johnson, a fellow destined to be her first husband.
January 26, 1998 |
Alberto Limon Padilla started with a shabby clapboard store in a working-class neighborhood. He went on to build Tijuana's first shopping mall and today presides over a business empire. Aurora Pelayo came to Tijuana a penniless single mother to work in a factory. Today she is secretary-general of the Baja California Democratic Revolutionary Party. Justina and Rafael Brambila opened a street-side taco stand, La Especial, on Avenida Revolucion when they came from Jalisco in 1948.
October 26, 2005 |
About 70% of the nation's taxpayers will be able to file their tax returns electronically for free, thanks to an agreement struck Tuesday between the Internal Revenue Service and the Free File Alliance, a group representing the bulk of the nation's leading tax software companies. The deal makes free filing available for about 93 million individuals -- about 15 million more people than in past years.