We swoop down through the clouds to the Coliseum grounds. We see senators, centurions, aqueducts, Caesar, bloody-handed Brutus, Roman baths. So far, we might be watching a cheesy educational video about ancient Rome or a really bad movie preview.
July 9 (Bloomberg) -- Steve Forbes, chairman and chief executive officer of Forbes Inc., talks about tax policy, and the impact of Spain's 10-year debt yield on the U.S. stock market. Forbes speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Texas Governor Rick Perry’s tax plan is an attempt to solve a problem that no Republican has yet overcome: how to make a flat tax politically palatable. The result he came up with is a proposal that is neither flat nor attractive.
Side with us, or lose a house. That’s essentially what Gary Thomas, president-elect of the National Association of Realtors, was saying this week at the Republican convention when he warned against the elimination of the mortgage-interest deduction.
July 2 (Bloomberg) -- Forbes Media Chairman Steve Forbes analyzes the current national debt situation and considers ways to control the problem. He joins Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)
In early 2001, Paul O’Neill, the new Treasury secretary, began work on a plan for radical tax reform. He wanted simpler forms and fewer deductions, which would make it easy for people to prepare their taxes and cost the government less to process them. He presented a five-inch-thick binder of research to a senior White House official.