Posts Tagged ‘Fiscal cliff’

Congress Fails To Negotiate “For The Children” $1 In Spending Cuts For Every $41 In Tax Increases To Avert Fiscal Cliff

January 1, 2013

According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.

When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts—cuts that never ultimately came—they did so at ratios of 3:1 and 2:1.

The one time Congress can actually  do something “for the children”…. they don’t…

 

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Zuckerberg Donates 18M Shares Of Facebook Stock, Eyeview Matches With Rare Bobblehead Doll Donation

December 19, 2012

Facebook CEO Mark Zuckerberg said he is donating nearly $500 million in stock to a Silicon Valley charity with the aim of funding health and education issues.

Zuckerberg donated 18 million Facebook shares, valued at $498.8 million based on their Tuesday closing price. The beneficiary is the Silicon Valley Community Foundation, a nonprofit that works with donors to allocate their gifts. This is Zuckerberg’s largest donation to date. He pledged $100 million in Facebook stock to Newark, N.J., public schools in 2010, before his company went public earlier this year.

Prior to the 2013 IRS loss of charitable donation deduction, Zuckerberg donates 18 million shares of Facebook stock.Eye View matches with donation of rare bobblehead doll collection.True value of both donations to be determined.

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