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Accusing Finance Minister Arun Jaitley of giving Rs 2 lakh crore “bonanza” to corporates in the next four years, Congress leader P Chidambaram on Sunday said the NDA government’s first full Budget has failed the fiscal test, the test of equity, and that of rising inequality.
Trinamool Congress has said that the Budget 2015 is neither for the poor nor for the middle class. The increase in service tax will hurt the middle class and lead to a rise in the prices of essentials.
The Congress said Arun Jaitley has presented a bad case as a good advocate in Parliament. "This is a just a vision budget, which will not be implemented now. Jaitley has indirectly taken a development holiday. It is an election budget, corporate budget aimed at the rich.
Jeb Bush and Grover Norquist are having a spat over taxes. Norquist, the longtime anti-tax activist, said Friday at CPAC (the Conservative Political Action Conference) that he expected the former Florida governor and potential 2016 candidate to sign his anti-tax pledge. Most Republicans, including virtually all the other GOP presidential contenders during their careers, signed it. Jeb Bush ...
The shortfall will narrow to 3.9 percent of gross domestic product in the year starting April 1, the smallest gap since 2008 but higher than a previous goal of 3.6 percent, Finance Minister Arun Jaitley told lawmakers on Saturday. He also cut corporate taxes and increased infrastructure spending.
WASHINGTON — Promising to help America’s middle class, President Barack Obama on Monday sent Congress a record $4 trillion budget that would hammer corporate profits overseas and raise taxes on the wealthy while boosting tax credits for families and the working poor.
The approach is breeding skepticism at debtholders BlackRock Inc. and U.S. Bank Wealth Management. The first Republican elected to lead the state in 16 years, Rauner inherited $111 billion of unfunded pension liabilities and a budget that is set to run out of money by June 30 after lawmakers let a higher levy on income expire. Illinois’s debt investors, whom Rauner may wind up tapping to finance ...
The South African government raised taxes and scaled back spending plans in its annual budget Wednesday as Africa's most developed economy wrestles with stalling growth, rising debt, power blackouts and rampant unemployment. Projected economic growth for 2015 is just 2.0 percent, down from 2.5 percent forecast in October last year, Finance Minister Nhlanhla Nene told parliament. The growth rate ...
»A new report finds the main problem in getting the public to deal with our fiscal problems isn't opposition to tax increases or spending cuts -- it's their lack of trust in the government to spend their money wisely.