Dear
Subscriber,
For
the second week in a row,
Democrats win the laurels
in the Congress, with Max
Baucus nagging President Obama
to get real on trade. And
not for the first time. In
October Baucus pleaded
with the President to
fast-forward an Asia-pacific
trade agreement
This
scarcely a new issue. Back
in March, a coalition of major
multinational corporations
of the likes of Caterpillar
and Boeing, scared by Obama's
pre-election rhetoric, insisted
to the President that the
Asia-Pacific trade deal is
vital
to America's interests.
The
Senate Finance Committee is
probably as close to bi-partisan
as you can get, on the Hill.
The laws of economics are
immutable, and there is no
point clutching Das Kapital
or the Little Red Book as
you preach to your fellow
Committee members. Electors
are very unlikely to castigate
you for doctrinal failures
in Committee hearings, and
most economic correspondents
(some of whom will indeed
be listening) are just as
realistic as you are.
Not
so in the White House, of
course, where the President
is the focus of intense political
pressure at every moment.
So how about it, Mr President?
'Trade or fade', says Max
Baucus, talking about America.
Does that apply to the reputation
of a President, as well?
Ciao, Kitty.
Please
remember that you can
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Think
Tank Sounds Fiscal Alarm Bells
Over US Health Care Billl,
by
Mike Godfrey, Tax-News.com,
Washington
12/11/2009
The
Center for Freedom and Prosperity
has warned that the United
States is heading for a 'fiscal
train wreck' if health care
proposals in their current
form are accepted.
EU
Discusses Tax Cooperation,
Reaches Agreement On Tobacco
Tax, by
Ulrika Lomas, Tax-News.com,
Brussels
12/11/2009
European
Union finance ministers have
discussed further cooperation
in the field of tax administration
and reached an agreement on
rates of excise duty applied
to manufactured tobacco products.
|
Darling
Announces UK Pre-Budget Report
Date,
by
Robert Lee, Tax-News.com,
London
12/11/2009
A
statement was issued by the
British government has announced
that Chancellor of the Exchequer
Alistair Darling will deliver
his pre-budget speech to the
House of Commons on December
9.
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Guernsey
To Revise Late-Filing
Penalties,
by
Phillip Morton, Investors
Offshore.com
12/11/2009
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