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Carl Levin News

News on Carl Levin continually updated from thousands of sources around the net.

2 hrs ago | MichiganLiberal

Source of Land millions still murky

Again, it's great that in response to Terri Lynn Land hiding from the media that the media went looking for Terri Lynn Land ... not her spokespeople, mind you, but the real Terri Lynn Land.

Comment?

Related Topix: US Supreme Court, US News, US Senate, US Politics, Democrat

6 hrs ago | Instapundit

Incoming ISAF Commander Acknowledges 'Inherent Risks' of Pentagon ...

The incoming U.S. commander in Afghanistan told a leading Senate Republican recently that he's not aware of efforts at the Pentagon to lessen the need for future reliance on Russia's largest arms exporter to supply Afghanistan's military, but acknowledged that such a relationship "brings inherent risks and dependence on Russia."

Comment?

Related Topix: US News, US Politics, US Senate, Republican, John Cornyn, US Military, US Air Force, Democrat

11 hrs ago | Don't Mess With Taxes

Obama says corporate tax inversions are 'gaming the system'

On the individual side, the Internal Revenue Service on July 1 got a new tool, the Foreign Account Tax Compliance Act , to track down international accounts the tax man says are used to avoid paying Uncle Sam his due.

Comment?

Related Topix: Tax, Deerfield, IL, US Politics, US News, US House of Representatives, Democrat, Sander Levin, US Senate

16 hrs ago | Chemistry World

Pharma firms rush to escape US tax shackles

US drug company AbbVie has persuaded Hampshire-based, Irish-headquartered Shire to enter a A 32 billion mega-merger after a persistent pursuit.

Comment?

Related Topix: US Politics, US News, Barack Obama, US Senate, Democrat

18 hrs ago | Daily Kos

Obama: Companies "cherry-picking the rules, and it damages the country's finances"

I detect a president who thinks he's found a very potent political argument. Having gone soft on the bankers, letting all the big fish skate after wrecking the economy, the president has figured out that people just won't stand for a tax system that leaves regular people holding the tab while CEOs figure out how to screw the public, day after day.

Comment?

Related Topix: US Politics, US News, US Senate, Democrat, Excaliard Pharmaceuticals, Liberal Political News

22 hrs ago | MLive.com

Enbridge pipeline in Straits of Mackinac needs more supports, Attorney General says

Michigan Attorney General Bill Schuette says that Enbridge's pipeline in the Straits of Mackinac does not comply with state regulations and needs to have additional anchors installed to support the pipeline.

Comment?

Related Topix: US Politics, US News, US Senate, Debbie Stabenow, Democrat, Mackinac Island, MI

Thu Jul 24, 2014

National Journal

Congress Shies Away From Telling Obama What to Do on Iran

It's not usually hard to get lawmakers to agree to tough language on Iran, particularly when AIPAC is on board.

Comment?

Related Topix: US News, Robert Menendez, US Politics, US Senate, US House of Representatives, Democrat, Republican, Lindsey Graham, Bob Corker

Los Angeles Times

President Obama hits 'corporate deserters' in populist L.A. speech

President Obama speaks Thursday at Los Angeles Trade-Technical College on the second day of a campaign swing in the city.

Comment?

Related Topix: 2012 Presidential Election, US Politics, US News, US House of Representatives, Democrat, Sander Levin, US Senate

BlueOregon

Hedge fund run by Robert Mercer, who funded anti-DeFazio SuperPAC,...

It's a stunning story. According to an investigative report authored by Senators Carl Levin and John McCain , a handful of Wall Street banks and hedge fund managers created an "alternative universe" of financial transactions based on "a series of fictions" designed to help them avoid massive taxes.

Comment?

Related Topix: US Politics, US News, US Senate, Democrat, John McCain, Republican, Financial Services, Renaissance Technologies, Investment Services, Peter DeFazio, US House of Representatives

Detroit News

Michigan Democratic Party makes complaints over source of Land's campaign funds

Public records show Land has spent $2.9 million in personal funds on the race against Democrat Gary Peters, a congressman from Bloomfield Township.

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Related Topix: US Politics, Representative Gary Peters, US News, US House of Representatives, Democrat, US Senate, Michigan

Seeking Alpha

Barclay's Helps Hedge Funds, Hurts Ordinary American Taxpayers

The US government alleges that Barclays bypassed tax laws to help a number of hedge funds, engaging in "basket options" to hide liability.

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Related Topix: Investment Banking, Banking, Barclays plc, Financial Services, Barclays Capital, US News, US Senate, Democrat, US Politics, Republican, John McCain

Wed Jul 23, 2014

Free Republic

Senators Blast Dem Mega-Donor Over IRS Investigation into Tax Avoidance Scheme

A major Democratic donor who is funding some of the left's most politically active electioneering groups was subject to bipartisan condemnation this week in the midst of a federal investigation into his hedge fund's tax avoidance schemes.

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Related Topix: Financial Services, Renaissance Technologies, Investment Services, US Politics, US News, US Senate, Democrat, John McCain, Republican

Weekday Magazine

U.S. Senators Urge Naming Donetsk People's Republic Terrorist Organization

U.S. Senator Carl Levin says the Donetsk People's republic were "likely the ones who attacked a civilian airliner."

Comment?

Related Topix: Prison, Terrorism, US Politics, US News, US Senate, Democrat, Robert Menendez, US House of Representatives

WILX-TV Lansing

Construction begins at MSU's FRIB Site

Cement trucks were on site pouring concrete for the "Facility for Rare Isotope Beams" from 3 to 8 a.m. Wednesday morning.

Comment?

Related Topix: US Politics, US News, US Senate, Debbie Stabenow, Democrat, Lansing, MI

Boston.com

JEFF JACOBYInverters aren't deserters

THE CORPORATE inversions just keep on coming, and the White House and its allies are calling them unpatriotic.

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Related Topix: US News, Prison, Biotech, Shire plc, US Politics, US Senate, Democrat, Opinion

Tue Jul 22, 2014

The Hill

Key Senate Dems to Obama: Broaden Russian sanctions

Three Senate committee chairmen are urging President Obama to impose broad sanctions against Russia's defense, energy and financial firms in response to Russia's involvement in the downing of Flight MH17 last week.

Comment?

Related Topix: Robert Menendez, US Politics, US News, US House of Representatives, Democrat, US Senate, Dianne Feinstein

Wall Street Journal

Foreign Policy Is Not a 'CSI' Episode

President Obama's response to the July 17 attack on Malaysia Airlines Flight 17 has followed a well-established pattern.

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Related Topix: US Senate, US Politics, Democrat, US News

Foreign Policy

Europe Treads Cautious Path in Confronting Russia

Despite calls for an arms embargo against Russia in light of the downing of a Malaysian jet over Ukraine last week that killed nearly 300 people, the European Union on Tuesday chose to stick with incremental measures to push Moscow to rein in Ukrainian separatists.

Comment?

Related Topix: Robert Menendez, US Politics, US News, US House of Representatives, Democrat, Terrorism, US Senate, Dianne Feinstein

West Australian

Banks trade barbs with U.S. Senate panel in tax avoidance probe

Renaissance Technologies, a hedge fund, defended the so-called basket options it used, saying at a hearing of the Senate Permanent Subcommittee for Investigations that they served legitimate business purposes.

Comment?

Related Topix: US Politics, US News, US Senate, Democrat, John McCain

News Max

Hatch's Conditions on Inversion Law Spotlight Partisan Gap

Legislation to deter U.S. companies from moving their addresses overseas should avoid retroactive taxes, prevent a net tax increase and move toward a revamp of the tax code, Senator Orrin Hatch of Utah said today.

Comment?

Related Topix: US News, US Politics, Orrin Hatch, US Senate, Republican, Ron Wyden, Democrat, Barack Obama, Charles Schumer

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