Archive for January 2nd, 2013

InlandPolitics: S.B. County pension costs continue climb

SBCO Seal

Wednesday, January 2, 2013 – 11:00 a.m.

The news on the pension front for San Bernardino County is still not good.

It appears a newly-implemented pension formula for new employees will provide little near-term relief from escalating county contribution rates.

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taxes

By Richard Rubin – Jan 1, 2013 10:54 AM PT

The budget deal passed by the U.S. Senate today would raise taxes on 77.1 percent of U.S. households, mostly because of the expiration of a payroll tax cut, according to preliminary estimates from the nonpartisan Tax Policy Center in Washington.

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Laurie Williams, Correspondent
Posted: 01/01/2013 06:58:31 PM PST

Venerable British magazine The Economist recently tapped Jack Dangermond, the founder and president of Redlands-based tech company Esri, to receive one of its eight 2012 Innovation Awards.

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By David A. Fahrenthold, Rosalind S. Helderman and Ed O’Keefe
Wednesday, January 2, 2013

The bill was 153 pages long. It was written only the day before, by Washington insiders working in the dark of night. It was crammed with giveaways and legislative spare parts: tax breaks for wind farms and racetracks. A change to nuclear-weapons policy. Government payments for cheese.

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Money Printing Press

The compromise could add $4 trillion in debt in the next 10 years.
By DAVID ROGERS | 1/1/13 3:03 PM EST

The White House-Senate Republican tax compromise could add almost $4 trillion in debt over the next 10 years, according to Congressional Budget Office estimates, which attribute most of the cost to lost revenues or payments on refundable tax credits.

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