I’m in Alaska, amid moose and bear, trying to steal some time away from the absurdities of American politics and economics. But even at this remote distance I caught wind of Sanford Weill’s proposal this morning on CNBC that big banks be broken up in order to shield taxpayers from the consequences of their losses. Forget the bear and moose for a moment. This is big game.
To some people, there’s something very wrong about this picture. Do you see what it is?
WASHINGTON, D.C. — If you adopted a child last year and requested an extension of time to file your 2011 taxes, you may be able to claim the expanded adoption credit on your federal tax return.
I’ve often said the U.S. health care system is so complex that trying to understand it makes your hair hurt. Case in point: the Affordable Care Act runs more than 2,000 pages. I’ll grant you that it’s a massive piece of legislation — but lawmakers felt that’s what was needed to fix at least some of the problems that resulted from the helter-skelter way our health care system developed.
WASHINGTON, D.C. — Income that you receive for the rental of your vacation home must generally be reported on your federal income tax return.
STATE — Average retail gasoline prices in New Jersey have risen 8.0 cents per gallon in the past week, averaging $3.46 per gallon yesterday. This compares with the national average that has increased 4.9 cents per gallon in the last week to $3.49 per gallon, according to gasoline price website NewJerseyGasPrices.com.
TRENTON — While testifying at the Assembly Regulatory Oversight and Gaming Committee hearing at the Meadowlands on Wednesday, Assemblyman Tim Eustace unveiled a proposal to seek voter approval to allow temporary, or “pop-up casinos,” during special events to boost New Jersey’s economy by capitalizing on an influx in visitors.
TRENTON – New Jersey’s unemployment rate jumped to 9.6 percent in June according to data released by the state Labor Department today. The 0.4 percent climb since May is the sharpest monthly increase since the 2009 recession.
STATE — Fifty years after its founding in Elizabeth, the discounted designer clothing retailer Daffy’s appears to be heading out of business, the latest casualty of the global economic meltdown brought on by deregulation.