President Obama's budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals.
1) On people making more than $250,000.
$338 billion - Bush tax cuts expire
$179 billlion - eliminate itemized deduction
$118 billion - capital gains tax hike
Total: $636 billion/10 years
$17 billion - Reinstate Superfund taxes
$24 billion - tax carried-interest as income
$5 billion - codify "economic substance doctrine"
$61 billion - repeal LIFO
$210 billion - international enforcement, reform deferral, other tax reform
$4 billion - information reporting for rental payments
$5.3 billion - excise tax on Gulf of Mexico oil and gas
$3.4 billion - repeal expensing of tangible drilling costs
$62 million - repeal deduction for tertiary injectants
$49 million - repeal passive loss exception for working interests in oil and natural gas properties
$13 billion - repeal manufacturing tax deduction for oil and natural gas companies
$1 billion - increase to 7 years geological and geophysical amortization period for independent producers
$882 million - eliminate advanced earned income tax credit
Total: $353 billion/10 years
Last Sunday night I reunited with the gang from 3WS on air to pay tribute to the lat great R.D. Summers who hosted the popular "Sunday Night Diner" show for the past 19 years.
I started my radio career producing RD's show "The Sunday Night Oldies Diner" on 95.4FM 3WS in Pittsburgh. He taught me much of what I know about radio, and we shared a passion for oldies and doo-wop music.
The entire 3 hour broadcast filled with celebrities and great music is available online.
7pm HourClick Here
8pm HourClick Here
9pm HourClick Here
On his fourth day in office last month, Obama ended a ban on funds for international groups that perform abortions or provide information on the option - a sharp policy change from former President George W. Bush's Republican administration.
The Vatican's attempts to keep the Pelosi visit low-profile displayed its obvious unease with the new U.S. administration. Benedict and Bush had found common ground in opposing abortion, an issue that drew them together despite their differences over the war in Iraq.
Wednesday's meeting, in a small room off a Vatican auditorium after the pope's weekly public audience, was closed to reporters and photographers. I would have loved to see her face!
Consider yourself warned Ms. Pelosi. You can be Catholic only when it convenient.
The revolt was caught on video:
Inflation at the wholesale level surged unexpectedly in January, reflecting sharply higher prices for gasoline and other energy products.
The Labor Department said Thursday that wholesale prices increased by 0.8 percent last month, the biggest gain since last July and well above the 0.2 percent increase that economists had expected.
The acceleration was led by a 3.7 percent surge in energy prices with gasoline prices jumping by 15 percent, the biggest gain in 14 months.
Pitched to federal authorities in 2003 as a $362 million project to extend the T under the Allegheny River, it now is expected to cost about $553 million. That's as much as Rendell is seeking for college tuition aid for 170,000 students and is $117.8 million more than the Port Authority can pay.
"I wish the project had never started," Rendell said during an appearance at Community College of Allegheny County. "There's so many ways that money could've been applied to the transportation needs of this region in a more beneficial fashion. It's gone down the road now, and I guess you've got to finish it, but it's a tragic mistake."
No S*#! Sherlock!
I guess if you have to go that's not a bad way.
Tom (RD to most) was a good friend. I spent four years producing the oldies show on 3ws with him. He gave me a chance to learn radio. Many of the songs you would hear came from our own collections that we would lug into the station every weekend. My father took over producing for awhile when I left the station. I remember hanging out backstage with RD at the Root of Rock and Roll shows surrounded by the who's who of oldies. Tom was even in my wedding party and while I didn't see much of him in the later years he was always a good friend.
My deepest sympathy goes out to his Mother and family and the Pittsburgh oldies fans who knew and loved him.
We always had fun and you will be missed Tom. I raise a Black Velvet and Coke to you.
Thomas L. Renkenberger, 60, of Virginia Ave., Rochester, passed away Sunday, February 15, 2009, peacefully in his sleep.
He was born January 12, 1949, in Rochester, and was the son of Lenora Chambers Rubeis and the late Thomas F. Renkenberger. He was a well known DJ going by Rinky Dink and RD Summers and worked for 3WS.
In addition to his mother, he is survived by a sister, Marie 'Mimi' Hinzy, Rochester Township; a niece, Kerry, a number of aunts and uncles, including Juanita Webb and Mr. and Mrs. Pete Chambers, Brighton Township, numerous cousins, including special cousins Sue and Gary Matsook, and many friends.
Friends will be received Tuesday from 2 to 4 and 6 to 8 p.m. in the TODD FUNERAL HOME, 340 Third St., Beaver, where a funeral service will be conducted Wednesday at 11 a.m. by Rev. Gary Wackler of the First Christian Church of Beaver, officiating.
Interment will be in Beaver Cemetery.
According to Il Tempo, Pelosi will arrive in Rome Sunday afternoon, her first visit to the city since becoming Speaker of the House. It has not been determined when Ms. Pelosi plans to meet the Pope.
Speaker Pelosi has drawn severe criticism from Catholic leaders for her misrepresentation of Catholic doctrine in light of her extreme pro-abortion position.
In a Meet the Press appearance last August, Pelosi justified her support for abortion despite professing Catholicism by saying that "the doctors of the Church haven't been able to make that definition" on whether life begins at conception.
"The point is, is that it shouldn't have an impact on the woman's right to choose," she continued. "This isn't about abortion on demand, it's about a careful, careful consideration of all factors and - to - that a woman has to make with her doctor and her god."
In September Pelosi's bishop, Archbishop Niederauer of San Francisco, invited her to discuss witih him the abortion issue. Pelosi stated she would "welcome the opportunity," but there is no report of Pelosi having yet scheduled a meeting with the archbishop.
Fr. Tom Euteneuer, president of Human Life International (HLI), told LifeSiteNews.com that HLI will be briefing the Vatican "so they are aware of her dismal record on life issues.
"It is our hope that the Holy Father will not grant the floundering Speaker of the House what she surely wants and expects, a quick and valuable photo-op, but will rather give her a stern lecture on contraception and abortion and let her know that her eternal salvation is in danger," said Fr. Euteneuer.
"Further, this would be the perfect opportunity to formally excommunicate the Speaker, as she has done everything a public official possibly can to declare her lack of communion with the Holy Father and the Roman Catholic Church on every conceivable issue."
Nancy Pelosi is in a rush to go to Italy so she is pushing the early vote.
Can you believe that these so called Representatives are going to put the future of this country in peril without reading and more importantly understanding the bill? They are all a disgrace to the office they hold.
PA Senator Specter said he is afraid of the current condition of the country so he is going to vote for a bill that he hasn't read. What a joke.
Senator Casey is walking lock step with the Democrats which is as expected.
I urge you to hold your Representatives accountable. Write them, call them, confront them, and for the most part vote against them the next time you are in the voting booth.