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Click here to visit the new home of Politics Daily!(Nov. 28) -- When providing financial assistance to grandchildren, grandparents need to keep the tax consequences in mind. That's not so simple, particularly this political season. "Given the situation in Washington," Barry L. Kohler, a financial adviser in Portland, Maine, told AOL News, "we have no idea what's going to happen tax-wise." As it stands, each grandparent can give $13,000 a year to each grandchild without having to file a federal gift tax return. And there are other ways you can contribute that avoid the gift tax -- paying your grandchildren's educational expenses directly to ...
(Nov. 4) -- Now that the Democrats have suffered a historic defeat on election day, a sports handicapper is doubling down on his goal of becoming President in 2012. Wayne Allyn Root is a well-known Vegas sports handicapper and the current front runner to be the Libertarian Party's nominee for the 2012 presidential race after being the running mate to 2008 nominee Bob Barr. He may seem a long shot, but Root believes that enough Americans would embrace the Libertarian philosophy if they were exposed to it -- and to him. Richard Faverty Sports handicapper Wayne Allyn Root is considering a run ...
LOS ANGELES -- Walking out of a restaurant in Los Angeles last week, the former House Majority Leader was stopped by a stranger. "Aren't you Tom DeLay?" the man asked. "Yes, I am." "I am so glad you are out of politics," the man crowed. "Well, so am I," he replied; who says common ground is hard to find? ...
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