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The next year, GE hired the senior IRS official who was overseeing the service's transfer pricing program, under which large multinational companies like GE negotiate with the IRS about how to price products and services among subsidiaries. The subject is controversial because it can allow companies to shift profits to lower-tax countries.
Backers of the fund say it's important for Congress to keep pumping money into it as the nation loses roughly 3 million acres to development each year. They say it's a race against time, noting that one out of every three developed acres in the nation was developed from 1982 to 2007. The National Park Service has identified 1.8 million additional acres that it wants to acquire, at a cost of $1.9 billion.
Republicans unveiled a budget plan on Wednesday that proposed a $1.6 billion cut to the Environmental Protection Agency, an agency whose authority they have sought to curtail, while business trade groups have complained about the burden placed on them by agency regulations. Politico also reported that the GOP's proposal would hit the Energy Department hard, with a proposal to cut energy efficiency and renewable energy programs in half.
While Senator Sherrod Brown’s office issued a press release regarding the Senate’s recent passage of what’s being called “The Food Safety Bill” or “Food Safety Modernization Act,” a lot is still unclear about how this bill may impact small processors or farms. The Erie Wire is seeking an interview with Senator Brown to answer the following questions we drafted after reading a comprehensive Small Business Guide (see PDF below) emailed to us from the Senator’s office:
Earlier this month, we looked at the quality of those modifications. Although they're better than they used to be (most used to actually raise the homeowner's payments), the banks' in-house modifications are on average half as generous as those the government sponsored. Homeowners in those modifications are also twice as likely to default as those with government mods.