tax cuts http://www.wisebread.com/taxonomy/term/12627/all en-US Actually, the Rich Don’t Create Jobs. Demand Does http://www.wisebread.com/actually-the-rich-don-t-create-jobs-demand-does <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/actually-the-rich-don-t-create-jobs-demand-does" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/2742484949_55bd84d503_o_0.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>We've heard an awful lot of back and forth recently over the dreaded tax hikes for the richest Americans, and the general argument against it has been this one:</p> <p><strong>&quot;Don't tax the rich, they create the jobs!&quot;</strong></p> <p>Really? I think it's fair to say that the rich control the jobs, but do they create them? Well, kind of, but only if those jobs are needed. And that need is determined by the very people who have all the money, not by the people <a href="http://www.wisebread.com/25-awesome-websites-to-help-you-get-a-job" title="25 Awesome Websites to Help You Get a Job">desperate for jobs</a>. These are the same people that are laying off workers when their businesses record profits. (We'll get to that in a moment.) Apple, Target, or even a local small business like Joe's Plumbing &mdash; they will hire people if they need them, not because they have more money to do so. And why do they hire people anyway? To make money. If the goal is making money, it can be done through expansion and employment, or it can be done through cutbacks and layoffs. The latter is king these days. (See also: <a href="http://www.wisebread.com/laid-off-make-sure-you-get-your-unemployment" title="Laid Off? You May Have to Fight for Unemployment Benefits">Laid Off? You May Have to FIght for Unemployment Benefits</a>)</p> <p>It's classic misdirection, and fear mongering, to say that tax hikes on the ultra wealthy will lead to massive unemployment and fewer jobs. These tax cuts for the rich have been in place now for over a decade, and America is in one enormous pickle, so how do the two align? Where are all the jobs, if these tax cuts are the answer?</p> <p>In fact, history has shown that when the rich pay more taxes, there are more jobs. Just look back at those years when the top marginal tax rate was above 90%. You'll see that the average annual growth in total payroll employment was 2%. When that top rate is reduced to 35% or less, the average growth falls to 0.4%.</p> <p><img src="http://thinkprogress.org/wp-content/uploads/2011/06/jobsvtaxeschart0628.jpg" alt="" /></p> <p><em>Note: The chart comes from </em><a title="ThinkProgress" href="http://thinkprogress.org/economy/2011/06/28/256605/chart-lower-taxes-on-the-rich-dont-lead-to-job-growth/"><em>ThinkProgress</em></a><em>, which is definitely a left-wing website, but the numbers are historically accurate and come from the Bureau of Labor Statistics and the Tax Policy Center.</em></p> <h3>More Money Does Not Mean More Jobs</h3> <p>Here are some recent examples. <a title="HSBC and Merck financials" href="http://www.washingtonpost.com/blogs/post-leadership/post/big-profits-andbig-job-cuts-hsbc-and-merck-the-latest-to-turn-profitsand-turn-workers-out-the-door/2011/04/01/gIQA0adDuI_blog.html">HSBC and Merck both recently announced strong financials</a>. HSBC posted a 35% profit increase, around $11.5 billion, for the first half of the year. Merck's profits are solid and growing. And yet, HSBC has announced that 25,000 jobs will be eliminated between now and 2013, and Merck is laying off 13,000 people. Lockheed Martin will be trimming thousands of jobs, too.</p> <p>If the arguments for the wealthy tax breaks stand up, then these profits would equate to more jobs, not job cuts. But that's not the way the world works, at least not in businesses that have to report to share holders. And in many of these big corporations, the everyday workers are faceless numbers. They are just statistics. And when you eliminate their jobs, and the stock jumps a quarter of a point...well, a few wealthy people become wealthier.</p> <h3>Greed is the New Order of Business</h3> <p>Say you own a business and it's making $200 million a year in pure profit, employing some 3000 workers. Now you find out that if you work some people a little harder, you can maintain current production and increase profit by cutting 750 jobs. What do you do? Put your current morality to one side and adopt the mindset of a hard-nosed business executive with stockholders to please. It's quite simple. You cut jobs and give the top brass a pay raise.</p> <p>That's what is happening everywhere. Rich corporations are cutting jobs and making more money than ever. Even Fox News, who are slanted to the right, are admitting that corporations have a lot of cash in reserve; they're just not spending it. CEOs aren't saying to the board, &quot;Listen you guys, we're making too much money. Shouldn't we hire some more people?&quot;</p> <p>No, new jobs are created when there's a need. You expand, open a new plant or new store, and add jobs when they are required. You don't hire 10 people when you can get away with 8. In fact, these days you can hire 7 because people are so scared of losing their jobs that they'll work extra hard and take less pay. That's supply and demand. Don't expect businesses to eat into their profit margins or tell the shareholders that they aren't getting as big a slice of the pie. That doesn't happen any more.</p> <p>The fact is, the rich are not creating jobs. They haven't been doing it in a long time. When jobs are needed, those jobs will be filled. When jobs can be cut, they will be cut. But when profits matter more than people, we get what we have right now. High unemployment, and low taxes for the wealthy.</p> <p><em>Editor's Note: The views shared by one writer does not reflect the views of all writers on Wise Bread. Commentary on politics, news, and other topics on this site are meant for entertainment purposes.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/actually-the-rich-don-t-create-jobs-demand-does">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/money-metaphors-you-wouldnt-punch-a-kitten-would-you">Money Metaphors (You wouldn&#039;t punch a kitten, would you?)</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/jar-of-nothing-the-perfect-present-for-the-picky-prick-in-your-life">Jar of Nothing: the perfect present for the picky prick in your life</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/fbi-considered-its-a-wonderful-life-communist-propaganda">FBI Considered &quot;It&#039;s A Wonderful Life&quot; Communist Propaganda</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/weird-things-you-didnt-know-about-valentines-day">Weird Things You Didn&#039;t Know About Valentine&#039;s Day</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-flush-299-down-the-toilet-and-fish-it-out-again">How to flush $299 down the toilet (and fish it out again)</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Commentary corporations job creation tax cuts Fri, 12 Aug 2011 14:21:17 +0000 Paul Michael 660059 at http://www.wisebread.com 6 Ways to Put Your 2011 Payroll Tax Break to Work http://www.wisebread.com/6-ways-to-put-your-2011-payroll-tax-break-to-work <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-ways-to-put-your-2011-payroll-tax-break-to-work" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000014181412XSmall.jpg" alt="Extra money falling from above" title="Extra money falling from above" class="imagecache imagecache-250w" width="250" height="165" /></a> </div> </div> </div> <p>With Congress and President Obama having put their stamp of approval on the 2011 tax deal, a major component of the legislation affecting virtually all working Americans is a change to the payroll tax. Historically, employees were subject to a tax of 6.2% of earnings up to a cap, which is $106,800 for 2011. In order to help stimulate the economy and achieve a compromise on tax breaks, this payroll tax has been reduced to 4.2% for 2011, effectively giving everyone a 2% raise on their first $106,800 earned (so a full 2% raise for most of us!). With this new-found bonus for 2011, are you going to just let it melt into your budget and spend it blindly (which is what the government intended) or strategically allocate this money to a specific objective or cause?</p> <h3>Increase Your 401(k) Contribution</h3> <p>This is what I'm doing. I went into my 401(k) account first thing and immediately increased my contribution by 2%. Since we were making do with my take-home pay last year, I figured by automatically directing the extra 2% right to my retirement account, we wouldn't even notice the difference. Who knows, if I get a decent raise this year, maybe I won't even have to back it down again in 2012 when the 2% break expires.</p> <h3>Build Your Emergency Fund</h3> <p>With so few people having a sizable emergency fund for layoffs or life events, it's worth considering shifting some extra funds into a dedicated emergency fund account (for more, see &quot;<a href="http://www.wisebread.com/figuring-the-size-of-your-emergency-fund">Figuring the Size of your Emergency Fund</a>&quot;).</p> <h3><strong> </strong>Pay Down Debt</h3> <p>Allocating an additional 2% monthly to existing high-interest debt may be a better use of your funds than any other options presented, especially if you're talking about credit card debt with an interest rate over 20%.</p> <h3>Give It Back</h3> <p>Many people are frustrated with the constant government giveaways and don't feel they actually deserve or need this tax break. As a result, they're giving the money away. For instance, some professors started a website that allows &quot;the rich&quot; to give back tax deductions in the name of job creation at <a href="http://giveitbackforjobs.org/">Give It Back for Jobs</a>. If that's not your fancy, surely there's a local cause or favorite charity where you could direct an equivalent amount from your payroll tax break.</p> <h3>College Savings</h3> <p>With young children, setting aside just a few thousand dollars a year goes a long way in helping to offset the costs of college. Presently, the most popular option is the 529 plan (see this <a href="http://www.wisebread.com/rethinking-the-529-college-savings-plan-strategy">529 plan article</a> on the benefits of the pre-paid tuition vs. self-directed investment options).</p> <h3>Invest in Your Home with Green Upgrades</h3> <p>Perhaps you've been putting off that new energy-efficient front door or replacing a few windows. Well, part of the 2011 tax deal is also an extension of some portions of the <a href="http://www.darwinsmoney.com/energy-tax-credit-2011/">energy tax credit</a>. While the credits aren't as attractive as they were in 2009 and 2010, you can still save a few hundred dollars on an energy upgrade for your home and realize the longer-term benefits of lower costs moving forward.</p> <p><em>What are you going to do with your 2% raise?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/darwins-money">Darwins Money</a> of <a href="http://www.wisebread.com/6-ways-to-put-your-2011-payroll-tax-break-to-work">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-indirect-ways-taxes-to-the-rich-may-hurt-you">6 Indirect Ways Taxes to the Rich May Hurt You</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-will-the-obama-tax-cut-deal-affect-you">How Will the Obama Tax-Cut Deal Affect You?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-tax-deductions-new-homeowners-shouldnt-skip">4 Tax Deductions New Homeowners Shouldn&#039;t Skip</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-tax-tricks-to-try-if-youre-stuck-with-student-loans">8 Tax Tricks to Try if You&#039;re Stuck With Student Loans</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-important-tax-changes-for-2016">5 Important Tax Changes for 2016</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Financial News Taxes Payroll Tax tax breaks tax credit tax cuts Thu, 06 Jan 2011 13:00:10 +0000 Darwins Money 437688 at http://www.wisebread.com How Will the Obama Tax-Cut Deal Affect You? http://www.wisebread.com/how-will-the-obama-tax-cut-deal-affect-you <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-will-the-obama-tax-cut-deal-affect-you" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/obama_0.jpg" alt="Barack Obama" title="Barack Obama" class="imagecache imagecache-250w" width="240" height="238" /></a> </div> </div> </div> <p>On December 17th, 2010, President Obama signed a $858-billion tax-cut package into law. Here are the important points in this package that may affect your personal finances.</p> <h3>Bush Tax Cuts Extended</h3> <p>First of all, the tax cuts put into place by President Bush in 2001 and 2003 are extended for all income levels for two years, until the end of 2012. This means that the lower tax brackets we have enjoyed for the past decade will not change very much. Capital gains and dividends will still be taxed at the current rates, so there is no need to sell all your investments at the end of this year in anticipation of higher capital gains rates. The $1,000-per-child refundable tax credit is also staying for at least two more years instead of reverting to $500 per child. Another important consequence of the Bush tax cuts is that the <a href="http://www.wisebread.com/the-marriage-penalty-of-taxes-in-america-how-does-it-affect-you">marriage penalty</a> was lessened for couples where the husband and wife have similar incomes. Since Obama extended these tax cuts, this means that the marriage penalty will not increase.</p> <h3>Payroll Taxes Reduced</h3> <p>The Social Security taxes paid on wages will be reduced 2% for 2011 only. Basically, workers will pay 4.2% of their wages instead of 6.2% in 2011. The wage ceiling for Social Security taxes is $106,800, so this means that the maximum amount a person could save is $2,136. This is a good opportunity for everyone to contribute the 2% savings to a retirement account since you are given a reprieve from funding someone else's retirement.</p> <h3>Inheritance Tax Comes Back with a Smaller Bite</h3> <p>In 2010 the inheritance tax actually didn't exist due to Bush's tax package. In 2011 it is coming back, but it is much less harsh than the inheritance tax rates in the Clinton era. The Obama plan approved a 35% tax rate on estates worth over $5 million. Basically, estates under $5 million will pay no taxes, and that exempts most estates. If Obama did nothing, then the estate tax rate would have reverted back to 55% for estates over $1 million.</p> <h3>Alternative Minimum Tax Patched Again</h3> <p>The alternative minimum tax is a parallel tax system established in 1982 to guarantee that everyone pays at least some taxes, regardless of deductions. However, the problem with this tax system is that the exemption is not indexed for inflation, so if Congress does not change the law every year, more and more people are affected by the AMT. In this package, the alternative minimum tax patch is continuing into 2011, so millions of middle class families will not have to pay more taxes. The exemption is now $74,450 for married joint filers and $48,450 for single filers.</p> <h3>Unemployment Benefits Extended</h3> <p>The current levels of unemployment benefits will be intact for another 13 months. This doesn't mean that everybody is getting 13 more months of unemployment checks. What this means is that if the federal government decided not to pass this law, then unemployment benefits would stop at 26 weeks. Now that this law has passed, those who have not exhausted all their unemployment benefits will be able to collect the maximum amount of unemployment benefits allowed in their state for another 13 months. However, those who have already collected the maximum 99 weeks of benefits will not get any extension.</p> <p>In summary, this package was passed so that Americans will not feel a huge change in their finances. If Congress and President Obama did nothing, then the Bush tax cuts would have expired by law and everyone would have had to pay more taxes. However, the package pretty much guarantees that taxes will have to be raised in the future because this is basically more deficit spending. It's in the spirit of &quot;consume now and pay the consequences later,&quot; and it seems to be the American way.</p> <p><em>What do you think? How will your finances be impacted by this law?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/xin-lu">Xin Lu</a> of <a href="http://www.wisebread.com/how-will-the-obama-tax-cut-deal-affect-you">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-indirect-ways-taxes-to-the-rich-may-hurt-you">6 Indirect Ways Taxes to the Rich May Hurt You</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-put-your-2011-payroll-tax-break-to-work">6 Ways to Put Your 2011 Payroll Tax Break to Work</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/save-money-with-a-dependent-care-tax-credit-and-fsa">Save Money with a Dependent Care Tax Credit and FSA</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-expiring-bush-tax-cuts-what-s-the-fuss">The Expiring Bush Tax Cuts: What’s the Fuss?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/irs-delays-start-of-tax-filing-for-some-taxpayers-in-2011">IRS Delays Start of Tax Filing for Some Taxpayers in 2011</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Financial News Taxes Alternative Minimum Tax Barack Obama tax cuts unemployment benefits Tue, 21 Dec 2010 14:00:10 +0000 Xin Lu 400313 at http://www.wisebread.com 6 Indirect Ways Taxes to the Rich May Hurt You http://www.wisebread.com/6-indirect-ways-taxes-to-the-rich-may-hurt-you <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-indirect-ways-taxes-to-the-rich-may-hurt-you" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3458373576_dcdbb1537f.jpg" alt="stack of pennies" title="stack of pennies" class="imagecache imagecache-250w" width="250" height="168" /></a> </div> </div> </div> <p>With Congress taking their time with the discussion of extending the Bush tax cuts, everyone seems to have stated their opinion on whether high income earners should have their taxes raised. Naturally, as only 3% of all taxpayers qualify for the highest tax bracket, most middle class people are in favor of letting the tax cuts expire only for the highest earners.</p> <p>On the surface, it doesn't concern them, so everything is A-OK. But does high taxes for high income earners really not matter to the middle class? Here are a few possible ways higher taxes could affect anyone.</p> <p><strong>High taxes could affect your boss' salary, and how do you think she feels about this?</strong> No matter how much anyone makes, higher taxes mean a reduced paycheck. Do you think she will be happier or less satisfied? If she is unhappy, do you think the work place will be a better environment?</p> <p><em>Of course, not all bosses will ever let his/her emotions affect the work place, but you know these people are out there!</em></p> <p><strong>High taxes definitely affect business owners, and that could mean less perks for employees to offset that dreaded tax bill.</strong> For small business owners who make celebration plans like where to go for the Christmas party based on mood, employees are definitely taking a hit.</p> <p>Don't care about perks? What about your salary? The decision of salary increases often come directly from the top. If business owners are feeling the pinch, she is naturally less likely to feel generous to everyone else. If she is unhappy, you might not get a raise no matter how many times you ask.</p> <p><strong>High taxes could affect essential services.</strong> Everyone's assumption that the rich can afford to pay higher taxes is absolutely right, but they can also afford to work much less than they do now. Go too far with tax rates, and the motivation to work longer hours fade. This potentially means fewer doctors performing surgery, and fewer entrepreneurs coming up with brilliant ideas that improve our way of life, which lead to lower quality of life for everyone.</p> <p><strong>The economy could suffer.</strong> Studies have shown that the top 3% of income earners make up 25% of discretionary spending. If they have less to spend, the United States economy, being a consumer economy, will suffer. Less demand for goods, less money for all businesses, and many more lost jobs.</p> <p><strong>High-tax states will suffer too.</strong> This might sound irrational (and it very well could be), but a few people I know are thinking about moving to another state with a lower tax rate. After all, addresses matter when it comes to our finances. They can afford to pay higher taxes, but because the subject is on the forefront of their minds, any solution to counteract the effects are on the table. And it doesn't stop at the state lines either. Some are even thinking of moving overseas to countries where tax rates are more generous.</p> <p><strong>Your children could ultimately suffer.</strong> As our government goes further into debt and needs more revenue to sustain its &quot;lifestyle,&quot; the only way to get money is taking it from businesses and individuals through taxes.</p> <p>Eventually, businesses and individuals alike will realize that it might be better to move abroad. On a small scale, this has already been happening in the past decade. If this becomes more of a widespread trend, then America could lose its competitiveness and everyone living in it will suffer.</p> <p>&nbsp;</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/david-ning">David Ning</a> of <a href="http://www.wisebread.com/6-indirect-ways-taxes-to-the-rich-may-hurt-you">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-put-your-2011-payroll-tax-break-to-work">6 Ways to Put Your 2011 Payroll Tax Break to Work</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-will-the-obama-tax-cut-deal-affect-you">How Will the Obama Tax-Cut Deal Affect You?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-debt-ceiling-crisis-in-everyday-english">The Debt Ceiling Crisis in Everyday English</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/save-money-with-a-dependent-care-tax-credit-and-fsa">Save Money with a Dependent Care Tax Credit and FSA</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/low-interest-rates-do-not-make-homes-affordable">Low Interest Rates Do Not Make Homes Affordable</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Financial News Taxes government tax cuts Tue, 19 Oct 2010 13:00:09 +0000 David Ning 265778 at http://www.wisebread.com