Archive | May, 2010

AAM Weekly Wrap May 28 2010

Weekly Market Wrap: More volatility this week ending with the S&P gaining a fraction at 1,089.  Continued problems in Greece and a lower than expected consumer spending figure seemed to drive the market this week.  Gold, Oil and the Dollar were all up on the week.  Gold was up 3% to $1,214 per oz, Oil […]

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WASHINGTON HOTLINE

WASHINGTON HOTLINE Agreement on IRA Rollover and Tax Extenders After months of negotiation, Senate Finance Committee Chair Max Baucus (D-MT) and House Ways and Means Committee Chair Sander Levin (D-MI) have announced an agreement. The House and Senate both previously passed bills that would extend over 40 tax provisions, including the IRA Charitable Rollover. Because […]

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Washington Hotline

WASHINGTON HOTLINE Oil Company Tax Increase to Clean Up Gulf Oil Spill The oil spill from the Deepwater Horizon rig in the Gulf of Mexico continues to put the Gulf Coast economy at risk. As a result, President Obama this week sent a letter to Speaker Nancy Pelosi (D-CA) and proposed an increase in the […]

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Washington Hotline

WASHINGTON HOTLINE Tax Quote of the Week “Government expands to absorb revenue and then some.” – Tom Wicker Should Banks Pay a TARP Tax? During the financial crisis in October of 2008, Congress passed the Emergency Economic Stabilization Act. Part of that Act created the Troubled Asset Relief Program (TARP) with a $700 billion fund […]

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Washington Hotline

WASHINGTON HOTLINE Tax Quote of the Week “[A]ll governments must have a regard not only for what the people are able to bear, but what they are willing to pay, and the manner in which they are willing to pay without being provoked to a rebellion.” – Henry Fox Fiscal Commission Faces Massive Deficit On […]

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