As the United States recovers from a historic recession, one faction President Obama wants to siphon more tax funds from is corporate America. Today, the President launched a dialogue with businesses by proposing to lower the top corporate tax rate to 28 percent from 35 percent in a compromise that would eliminate a number of tax breaks and so-called loopholes that allow many corporations to legally avoid paying various taxes.
The Consumer Financial Protection Bureau (CFPB) – the consumer watchdog group charged with defending consumer interests – announced today that it is launching a probe into the fees that banks charge customers who bounce checks or withdraw more money than is in their accounts.
Guest host David Lazarus continues Patt’s mini-series checking in with local Congress members. Today he welcomes Rep. John Campbell, the Republican Congressman representing California’s 48th district located in Orange County.
It’s time again for our visit with the Big Man on Campus, a.k.a. Los Angeles Unified School District Superintendent John Deasy. Even if you’ve been following the headlines from a distance, it’s obvious that Deasy has a lot on his plate.