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CALIFORNIA | LOCAL
July 28, 2001
Re the July 24 letter sent in by the reader expressing his disgust with his $77.15 tax refund: My mother is a senior and is forced to work part-time. She filed a joint return with her husband for 2000. She contributed wages and other income to their taxable income. Her husband died last January. The IRS has determined that, as a "dependent," she is not entitled to any tax refund. Neither is her now-deceased co-filer. She voted for "Bush the pretender," expecting help with prescription drugs, environmental improvements and all of the other empty promises.
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BUSINESS
May 27, 2011 | By Greg Robb
Consumer spending rose by the smallest amount in three months during April, government data showed Friday, in a further sign of erosion in spending momentum due to higher prices at the gas pump. Consumer spending increased 0.4% last month, the Commerce Department estimated. Meanwhile, personal income rose 0.4% in April. Income has risen for seven straight months. When adjusted for inflation, the increases in April were even more modest. Adjusted after-tax income was flat in April for the second straight month, and spending increased 0.1% for the second straight month.
BUSINESS
August 29, 1998 | From Associated Press
Americans' personal income climbed in July, but they spent less for the first time in more than two years, the government said Friday. Incomes rose by 0.5% in July to a seasonally adjusted annual rate of $7.14 trillion, the Commerce Department said. Personal consumption expenditures, however, fell 0.2%--the first decline since June 1996--to a seasonally adjusted annual rate of $5.8 trillion.
BUSINESS
August 4, 2004 | Nell Henderson, The Washington Post
American consumer spending dropped 0.7% in June, the steepest monthly fall since September 2001, the government reported Tuesday. With income growth stalling as well, the numbers raised new concerns about the strength of the economic expansion. Overall personal income -- which includes wages, salaries and income from dividends, interest and other sources -- rose by 0.2% in June, the slowest monthly increase in more than a year, the Commerce Department reported.
NEWS
February 9, 1989 | From Associated Press
Rep. Dan Rostenkowski (D-Ill.) chairman of the House Ways and Means Committee, today promised all-out opposition to President Bush's proposal to reduce the tax on capital gains. "I'm not about to tell the wage earners in Chicago that they should pay a higher tax than stockbrokers," Rostenkowski said in a speech to the National Press Club.
BUSINESS
August 26, 2004 | Kathy M. Kristof, Times Staff Writer
Paying taxes may never be fun, but it may soon get easier. Under a pilot program, the state of California will volunteer to fill out the annual income tax returns for 10,000 residents with lower incomes and uncomplicated finances. If the test works, as many as 3 million of the state's 14 million taxpayers could be eligible for the program. Taxpayers with deductions and dependents, however, will still have to file the old-fashioned way.
CALIFORNIA | LOCAL
October 6, 1989 | CHESTER HARTMAN, Chester Hartman is a fellow at the Institute for Policy Studies in Washington. and
It's time to question whether the for-profit housing system on which 98% of Americans depend can meet the nation's need for decent, affordable housing. Consider these facts: * More than 9 million American families pay half or more of their income for housing; nearly 4 million pay 70% or more. * One in 16 homeowners is 30 days or more behind in mortgage payments; foreclosure rates are at an all-time high.
BUSINESS
August 6, 2005 | Annette Haddad, Times Staff Writer
Rising mortgage rates are renewing concerns among investors, who this week drove down the stocks of real estate-related companies amid concerns that higher rates could hamper the nation's sizzling housing boom. Steady rate jumps in recent weeks are already prompting inquiries from homeowners worried about possible hikes in their monthly mortgage payments, some loan brokers said Friday.
CALIFORNIA | LOCAL
October 24, 2003 | Sharon Bernstein and Kurt Streeter, Times Staff Writers
Momentum appears to be building in negotiations between the Metropolitan Transportation Authority and the mechanics union, whose members began a countywide transit strike last week. Flush from meetings that stretched past 4 a.m. on Thursday, the two sides said they had agreed on 24 minor contract issues. Feeling confident that they were moving forward, they scheduled negotiations for today and Saturday and met again Thursday evening.
CALIFORNIA | LOCAL
April 15, 1996 | ROGER M. MAHONY, Cardinal Roger M. Mahony is the archbishop of Los Angeles
The House of Representatives last month passed an immigration bill after prolonged and divided debate. In the end, members from both sides of the aisle joined to approve the legislation by an overwhelming margin. Bipartisan support, however, is never a sure indication of sound legislation. Instead, the vote signaled the coming of an election season in which pollsters have calculated that immigration toughness may be a key litmus test for candidates in November.
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