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Click here to visit the new home of Politics Daily!Residents of a half dozen states will have to wait up to five months for their tax returns as officials freeze funds because of budget shortfalls, USA Today reported. Hawaiians may not see refunds until August because the cash-strapped state has pushed the payouts into the next fiscal period, which begins in July. New York, struggling with a $9 billion deficit, may delay $500 million in refunds to keep the state from running out of money, Gov. David Paterson said. "It's an indicator of how bad it is," Scott Pattison, executive director of the National Association of State Budget Officers, ...
Sen. Barack Obama claims that as president he would cut taxes for 95% of all Americans. He has fought back against charges from Republican Sen. John McCain that he would increase taxes on working Americans by promising that no one making under $250,000 per year would see one penny in increased taxes under the Obama tax plan. But what Sen. Obama doesn't mention, and which Sen. McCain thus far hasn't mentioned, is that Obama's plan to cut taxes for 95% of Americans is based on a false premise, that all Americans pay federal income taxes. Not all Americans do. In fact nearly 40% of all American ...
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