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Garden City Telegram in Garden City, Kansas

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Newspaper

Garden City Telegram

Location

Garden City, Kansas, United States of America

Date

Feb 07, 2012

Page

7

Tax reform appears unlikely in this election year

Washington reports that tax reform faces steep political hurdles amid a crowded campaign year. Obama and Romney propose different paths, with Republicans seeking to extend Bush era cuts and Democrats pressing changes for higher earners and corporate schemes.

Washington Congress Barack Obama Mitt Romney Newt Gingrich George W Bush Obama Henry Aaron Brookings Institution Ronald Reagan Thomas P. O'Neill Douglas Holtz. Eakin Congressional Budget Office State of the Union White House Japan Romney GOP

Profit engine losing steam as big firms underperform

U S stocks report shows S&P 500 profits may total about 230 billion for last year’s final quarter, up 126 billion from a year earlier, a 58 percent rise that trails early recovery pace. Apple and AIG drive most growth, leaving 498 firms posting only 1.1 percent gain. Economic momentum hinges on sustained profit strength despite mixed overseas demand and cost pressures.

New York America Standard & Poor Apple AIG FactSet Tus Barry Knapp Barclays Capital Goldman Sachs David Kostin S&p Colgate Palmolive North America Dow Chemical China

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Munich Big Just Gas & Go S. 2Nd Ave Insw Institute For Highway Safety Top Safety Rating Mechanics Eplan ONTS
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