The laws authorizing airline ticket taxes (and other aviation-related taxes like aviation fuel taxes and aviation freight taxes) expired at midnight on Friday, July 22, 2011. The reason: Congress did not approve a budget for the Federal Aviation Administration that would have reauthorized the “sales taxes” that cost consumers on average $25.00 per airline ticket.
The attempt to increase the debt limit is, in some ways, a curious exercise. Republicans say it must be done without tax increases. Many Democrats say entitlements shouldn't be touched and any cuts must be accompanied by tax increases.
If the Democrats want tax increases, why don't they just add them to the mix? The Bush tax cuts will expire December 31, 2012, shortly after the next elections. The next president and Congress won't be sworn in until January, 2013. The Democrats can determine what level of renewal of the $3.7 trillion in Bush tax cuts they will support and agree not to exceed that level. That would generate hundreds of billions if not trillions of dollars in new income taxes going forward.
Reggie Bush agreed to a new contract on Thursday morning that allowed the Saints to trade the running back to the Dolphins.
The Dolphins and Bush's agent, Joel Segal, worked overnight and into the morning to hammer out a two-year deal. Jay Glazer of FOX Sports reported that the Saints and Dolphins agreed to the terms on Wednesday night.
Bush flew to Miami on Thursday to sign his contract and officially become a Dolphin. It is unclear what the Saints are receiving in return, but it should be a fourth- or fifth-round draft choice and more money to re-sign free agents and draft choices. Before the trade, the Saints were $11.7 million under the salary cap. Bush would have counted $16 million against the cap.
Saints news to tweet over:
Receiver, Lance Moore tweeted today that he had signed a five-year extension with the Saints.
Matt Hasselback, the Seattle Seahawk QB is going to Nashville where he will likely replace Vince Young. Hasselback outdueled Drew Brees last year in the NFC playoff. The Saints are scheduled to face the Titans December 11.
Today, Gov. Bobby Jindal joined Electronic Arts Inc. Head of Worldwide Quality Assurance Mike Robinson, LSU Chancellor Michael V. Martin, and Mayor-President Kip Holden to break ground on the 94,000-square-foot
While some Louisiana politiicians are likely to claim that the state is in good financial shape, that unemployment is lower than its neighbors and that the economy is robust and the best in the South, according to the Institute For Truth in Accounting, Louisiana is at the bottom of the Deep South States in its “Financial State of the Economy as of Fiscal 2009”.
New Orleans Saints: Vince Young, Drew Brees, Cam Newton, Donte Stallworth
NFL teams had a limit of 90 players they will invite to training camp and the Saints have only 47 players under contract as of Tuesday. Teams cannot not officially cut players until Thursday afternoon even though some teams chose to tell players immediately that they were no longer in their plans. The Saints did not follow suit, remaining silent on that matter.
Michael Lombardi stated emphatically on NFL Network's Total Access on Sunday that Reggie Bush will not take a pay cut to stay with the Saints.
"Bush has tried hard to say of the right things for the people of New Orleans, but his camp has been dropping not-so-subtle hints since the draft that he's seeking greener pastures," writes Lombardi.
Governor Bobby Jindal continued his recent economic development announcement tour today to highlight $16.615 million in new funding for capital outlay projects at Louisiana Tech and Grambling. These investments include funding for the new business building and research park at Louisiana Tech.
New Orleans Democrat Mayor, Mitch Landrieu, jumped into the highly controversial national debate today by issuing this statement following a speech by President Barrack Obama last night calling for immediate action and Congressional cooperation to raise the debt ceiling and address the federal deficit: