Personal savings are an essential part of good retirement planning, particularly as the needs of an aging U.S. population put increasing strain on the federal budget. Workers can expect to need substantial amounts of money to help pay their living…
How large is $7.9 trillion? Large enough to fund the federal departments of Defense, Agriculture, Transportation, Education, Commerce, Justice, Homeland Security, Labor and Interior for 10 years.It is also how much the government is projected to borrow in that time.…
House Ways and Means Chair Dave Camp (R-Mich.) remarked recently that there are some similar ideas in the tax reform proposals that he and President Obama have suggested. Normally overlap between Republican and Democrat ideas is a welcome occurrence. (more…)
As the April 1 deadline to avert a 24 percent cut in Medicare’s payments to physicians approaches, hopes for enacting a permanent reform to the flawed payment formula appear to be dwindling. The sustainable growth rate formula (SGR) that determines…