tax

Black Republicans congratulate Mitt Romney

Black Republicans congratulate Mitt Romney

We, in the National Black Republican Association, extend our congratulations to Governor Mitt Romney who became the presumptive Republican Party’s presidential nominee as a result of the Texas primary. Since Mitt Romney shares our Republican values of constitutional freedoms, economic liberty and equality of opportunity, we support his bid for the presidency.  Romney is a cum laude graduate of Harvard Law School who earned a simultaneous MBA from Harvard Business […]

White House Statement on May Unemployment

White House Statement on May Unemployment

Statement on the Employment Situation in May    WASHINGTON, DC – Alan B. Krueger, Chairman of the Council of Economic Advisers, issued the following statement today on the employment situation in May. You can view the statement HERE.     The Employment Situation in May Posted by Alan B. Krueger on June 1, 2012 at 9:34AM EDT   Problems in the job market were long in the making and will not be solved […]

Obama avoids Taxes by giving their daughters nearly 50,000 dollars

Obama avoids Taxes by giving their daughters nearly 50,000 dollars

President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday. The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes. There is nothing illegal about the president’s taking advantage of this tax shelter, but it does raise eyebrows […]

obama_2011_tax_returns

Obama Releases Taxes, Does Not Qualify for Buffett Rule

President Obama earned $789,674 in 2011, the White House announced on Friday. However, with this income, he does not even qualify for the so-called Buffett Rule that he has promoted relentlessly and the Senate will take up on Monday. The Buffett Rule calls for those making over $1 million a year to pay a minimum tax rate, named after billionaire Warren Buffett. The president did earn over $1 million in […]