unemployment

2012 to 2020 Projections for Unemployment, Home Prices, Inflation and Interest Rates

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The Congressional Budget Office (CBO), a non-partisan congressional budget review agency, recently came up with their latest multi-year actual versus forecast for some key economic indicators. While a number of the underlying assumptions can change, the good news is that things will start getting much better in 2012 and we should return to pre-recession growth [...]

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Obama Jobs Act – 2012 Payroll Tax cuts, Unemployment Extension, Infrastructure Spending and Small Business Incentives

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[Update Sep 2011] – President Obama has revealed details on his new $447 billion Americans Jobs Act and it is pretty much in line with what I had referenced in my earlier update (see below) before his speech. Here are the main things he is proposing that now go to Congress for review and approval: [...]

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Middle Class Doomed as Millionaires Boom – How You Can Join the Ranks of the Rich

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According to a recent report from the Deloitte Center for Financial Services, the total number of US families with a net worth of over $1 million will double by 2020. All this while the unemployment rate hovers around 10% amidst a tight job market undergoing significant structural reform. Overall, the U.S. and Europe have the [...]

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Obama’s 2012 Job Creation Stimulus and Tax Cuts – Can the New Economic Plan Really Boost The Economy and Lower Unemployment?

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[Update - American Jobs Act a.k.a 2012 Economic Stimulus] In what is essentially the 2012 stimulus package, President Obama has released details on the American Jobs Act which involves spending over $400 billion dollars to boost economic growth. The key provisions are: – Extension of employee payroll tax cuts into 2012, which were due to [...]

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2012 Payroll Tax Credit and Unemployment Insurance Benefits Extension (February-March Update)

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[Updated Feb 2012]  The ongoing Payroll Tax Credit and Unemployment Insurance Benefits Extension is set to resume in Congress following the lapse of the two month 2012 extension. The debate is expected to be fierce, but Congress will pass the full year extension after sufficient political theater. I will provide updates on key developments and [...]

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New Tax Credits and Programs to Help Unemployed Veterans – Wounded Warrior Work Opportunity & Returning Heroes Tax Credit

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The Obama administration has proposed a host of new tax credits and programs to encourage employers to hire our growing army of veterans, particularly those that have been unemployed for a considerable time. This latest commitment to service members and veterans aims to provide a comprehensive plan to lower unemployment and ensure that service members [...]

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A New 2011 Economic Stimulus Package With Obama-Bush Tax Cuts and Unemployment Benefit Extensions

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[Update - No New Taxes with Tax Extensions Approved] President Obama has now signed into law a bill that covers a temporary extension of all the bush-era tax cuts. The new bill also contains extensions to some of the 2008 stimulus tax breaks, and even has some new tax cuts. With this legislation he has essentially created [...]

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Obama’s New Jobs Stimulus Plan – Small Business Tax Deductions, Bonus Depreciation and National Transportation Projects

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[Update Sep-Oct 2010] Obama’s Small Jobs Bill has been approved and you can find more details in this post. In an effort to provide a sustained job creation program, President Obama called for Congress to approve major upgrades to the nation’s roads, rail lines and runways — part of a six-year plan that would cost [...]

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Tax Credits and Deductions for Teachers ($250), Unemployed, Home Owners ($500/$1000) and College Tuition in 2010 Jobs and Closing Tax Loopholes Act

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The recently introduced American Jobs and Closing Tax Loopholes Act (Bill: HR 4213) includes important tax cuts to put more money back into the pockets of American families and workers. This new bill extends critical tax cuts through the end of 2010 so families and workers can receive the full benefits of these tax cuts [...]

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2010 HIRE Act – Small Business Health Care Tax Credit, Payroll Tax Incentive and Business Credit For Employers Hiring and Retaining Unemployed Workers

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[Updated with New IRS provisions] The IRS has released more details on tax-saving opportunities included in recently enacted HIRE act federal legislation (see details in previous update below). A variety of business tax deductions and credits were created, extended and expanded by the American Recovery and Reinvestment Act of 2009 (ARRA), this year’s Hiring Incentives [...]

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2012 Unemployment Benefits Insurance Extension Updates. New Bills, Tier 5 Provision for 99ers

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[Updated - 2012 Unemployment Benefits Extension] In his latest jobs plan, the $447 billion Americans Jobs Act, the President has called for more than $62 billion in spending to extend unemployment insurance benefits through 2012. He is also looking to fund state administered programs that will alleviate long-term joblessness for millions of Americans. The President’s jobs plan will also provide [...]

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How Long will the Current Recession Last? Not as Long as You Think.

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Many are calling this the worst recession since the great depression. Or, most succinctly the Great Depression 2. No doubt the news is bad and all the major economic indicators signal that growth is slowing at a quickening pace. But the question on most people’s minds is how long will this recession continue. It is [...]

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