James Pethokoukis

GOP poised to gain tax, banking clout in U.S.

October 25, 2010

The U.S. Republican party will probably retake the House of Representatives from Democrats in the Nov. 2 elections and fall just short in the Senate. Whatever the exact electoral results, it seems certain the GOP is poised for a major upgrade in political influence. Herewith, Breakingviews offers a primer on how the shifting balance of power may sway key financial and economic issues in the coming year.

Obama deficit panel partying like it’s 1986

October 25, 2010

The WSJ says President Obama’s deficit panel is looking at cutting various tax breaks — also known as “tax expenditures” — as a way of reducing the budget deficit: