tax haven abuse

Deficit reduction achieved

By Frank Knapp / Taxation / August 11, 2011

We’ve found the solution to decreasing the country’s deficit spending—more revenue! According to a report yesterday from the U.S. Treasury Department, the federal government decreased deficit spending by 6% ($70 billion) in 2011 to date compared to the same period in 2010. If we continue to do that for the rest of the year that …

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Balanced deficit reduction

By Frank Knapp / Taxation / July 19, 2011

As the debt ceiling debate rages on, it appears that Congress and the President are looking at a plan to simply raise the debt ceiling enough to allow the federal government not to default for a short period of time and do some budget cuts along with it. What a tremendous waste of an opportunity …

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