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July 29, 2010, 12:09 pm
By
Kevin Bogardus
Hilary Rosen, former
chairwoman and CEO of the Recording Industry Association of America, is joining
SKDKnickerbocker, according to a statement put out by the firm Thursday.
Rosen will be a managing director
at the firm, where Anita Dunn is a principal. Dunn was part of President Obama’s
inner circle during his 2008 campaign and recently served as White House
communications director.
“SKDKnickerbocker is uniquely
placed to grow its public affairs practice both in Washington and in New York,
and it’s a bonus to work with longtime friends and colleagues,” Rosen said in
the statement.
Rosen was previously in charge of the Brunswick Group’s
Washington office, a public relations firm. She also was political director of
the Huffington Post during the 2008 election.
Archived under:
Personnel Notes
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July 29, 2010, 12:01 pm
By
Jay Heflin
The National Association of
Manufacturers on Thursday urged House members to oppose legislation that
increases taxes on U.S. multinational companies and is expected to be voted on
later Thursday.
Ironically, the bill — the
Investing in American Jobs and Closing Tax loopholes Act of 2010 — was
introduced as part of Democrats’ “Make it in America” agenda, a strategy that
seeks to bolster the country’s manufacturing sector.
But Dorothy Coleman, NAM’s
Vice President of Tax and Domestic Economic Policy, said the bill would do her
industry more harm than good.
Read more...
Archived under:
International Taxes
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July 29, 2010, 11:53 am
By
Silla Brush
A group of some of the
country’s largest financial, technology and manufacturing interests warned
President Obama on Wednesday that higher taxes on capital gains and dividends
would cost thousands of jobs, “stifling the recovery.”
The Alliance for Savings and
Investment praised the administration for seeking to keep the tax rates low
instead of allowing them to revert to much higher rates by next year. If
Congress does not act, capital gains rates would rise from 15 percent to 20
percent for most filers, and dividends rates would be taxed at the marginal
income rate, or as high as 39.6 percent.
The alliance — including the
U.S. Chamber of Commerce, Verizon, Altria, UPS and others — wants to cap the
tax rates at 15 percent for dividends and capital gains.
“An extension of these rates would provide much needed certainty
to businesses, families and retirees who now face the threat of a looming tax
increase during this time of continued economic and market uncertainty,” the
group wrote in a letter to the president.
Archived under:
Domestic Taxes
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July 29, 2010, 11:20 am
By
Jay Heflin
The scheduled tax increase on
capital gains and dividends at the end of the year will cause an 8.6 percent
drop in the Standard & Poor’s 500 Index, according to a report by Barclays
Capital.
Read more...
Archived under:
Domestic Taxes
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July 29, 2010, 11:07 am
By
Vicki Needham
New claims for unemployment
benefits fell last week, signaling an easing of layoffs but still reflecting a
weak job market.
First-time claims dropped by
11,000 to a seasonally adjusted 457,000, as the economy continues its slow
recovery, the Labor Department said Thursday.
During the past few weeks,
claims hit their lowest level since September 2008 as factories remained open
during the summer months.
General Motors and other
manufacturers had reported fewer temporary layoffs but those changes have
evaporated from the data, according to a Labor Department analyst.
Read more...
Archived under:
Economy
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July 29, 2010, 10:45 am
By
Vicki Needham
Unable to reach agreement on
a final bill, the House on Thursday is expected to pass an extension of current
Federal Aviation Administration funding.
The two-month extension, the
14th for the legislation since last full FAA authorization expired in 2007, is
on today’s House suspension calendar.
The Senate is expected to
pass the bill within the next few days.
Disagreements over adding
long-distance slots at Reagan National Airport and increasing passenger
facility charges have held up completion of the bill.
The extension includes
several provisions that have been agreed upon by the House and Senate on safety
and pilot training.
Read more...
Archived under:
Budget
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July 29, 2010, 9:08 am
By
Jay Heflin
The Small Business and Entrepreneurship Council has called on its members to contact their senators and urge them to repeal the mandate requiring small businesses to file 1099 forms to the IRS for purchases over $600.
Read more...
Archived under:
Corporate Governance
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July 28, 2010, 9:04 pm
By
Walter Alarkon
Republicans joined Democrats to pass on Wednesday the $77.3 billion
appropriations bill for military construction and veterans affairs.
Read more...
Archived under:
Appropriations
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July 28, 2010, 7:15 pm
By
Vicki Needham
Senate Democrats and Republicans failed to reach an agreement Wednesday on a small-business lending and tax-cut measure over the number and type of amendments that each side wanted considered. The Senate's leaders objected to each other's requests to move forward on the measure tonight. Without an agreement on amendments, there most likely aren't enough votes to end debate on the measure. A cloture vote on the substitute amendment to the bill is planned for Thursday morning. Senate Majority Leader Harry Reid (D-Nev.) said Republicans had initially asked for only three amendments but upped that number today on the floor. "This is the proverbial stall of the year," Reid said.
Read more...
Archived under:
Banking/Financial Institutions
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July 28, 2010, 6:55 pm
By
Walter Alarkon
A bill that would create a new searchable online database of earmark requests got a bipartisan recommendation from the Senate Homeland Security and Government Affairs Committee on Wednesday.
Read more...
Archived under:
Appropriations
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