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Allen West closes CPAC promising ‘new dawn in America’ – The Hill’s Ballot Box

West said now is the time to reform the tax code, lower taxes on business, eliminate the capital gains tax and fight for the adoption of a Constitutional balanced budget amendment.

“I say we start looking at every government agency and program that’s been created in the last ten years, and let’s start making some hard choices,” said West, who received a loud cheer when he singled out the Environmental Protection Agency.

He said “liberal progressivism” has failed all over the world and he devoted a sizable portion of his speech to social issues, emphasizing his opposition to abortion and gay marriage.

“If you break down the American family, that leads to government dependency,” said West.

Allen West closes CPAC promising ‘new dawn in America’ – The Hill’s Ballot Box.

Cable Ratings Round-Up

CABLE NEWS RACE
THURS., FEB 10, 2011

FOXNEWS O’REILLY 3,325,000
FOXNEWS BAIER 2,335,000
FOXNEWS HANNITY 2,293,000
FOXNEWS BECK 2,243,000
FOXNEWS SHEP 1,936,000
FOXNEWS GRETA 1,744,000
CNN BLITZER 1,036,000
CNN MORGAN 941,000
MSNBC HARDBLL 844,000
MSNBC O’DONNELL 843,000
CNN COOPER 826,000
MSNBC MADDOW 765,000
CNN PARKERSPITZER 724,000
MSNBC SHULTZ 575,000

DrudgeReport.com.

NYSE merger bad for NYC–Charles Gasparino – NYPOST.com

The New York Stock Exchange’s likely sale to Frankfurt Stock Exchange is a sad event for the country, which is losing an icon of global finance to the Germans — including possibly the NYSE name, once one of the best-known brands in corporate America.

But the merger (slated to be announced on Tuesday, I’m told) is even sadder for New Yorkers. What little is left of our economic dominance as the “Empire State” has now been shattered by a deadly combination of global competition that is ruthless in picking winners and losers and the high taxes and vast spending of the New York nanny state.

Despite these burdens, the financial sector — the big banks and investment houses and the NYSE — managed to survive, providing plentiful jobs for blue-collar and back-office workers, as well as highly paid bankers and traders. But recent regulations, including those in the name of “financial reform,” have imposed so many fees and costs on investment houses that operating in the New York area, with its high taxes on business and individuals, has become increasingly difficult even for the biggest big banks that still call New York their home.

Read more: http://www.nypost.com/p/news/opinion/opedcolumnists/no_more_nyse_guys_coGfEx10iALTBb9q3FiNMN#ixzz1DgF4gz2t

via NYSE merger bad for NYC–Charles Gasparino – NYPOST.com.

Dem States Top List Seeking Another Kind of Federal Bailout – WSJ.com

Republicans on Capitol Hill responded with hostility Tuesday to a White House proposal to allow cash-strapped states to raise unemployment-insurance taxes. But in some states struggling with rising debt and empty coffers, officials said the plan should be considered.

Administration officials say the proposal, to be included in President Barack Obama’s budget plan for the next fiscal year, is intended to help states that so far have borrowed $42.4 billion from the federal government to keep benefits flowing after exhausting the reserves used to pay unemployment benefits.

Some of those 31 states have borrowed so heavily, and repaid the loans so slowly, that they triggered automatic tax increases designed to reimburse the federal government.

Obama Jobless Tax Plan Draws Republican Criticism – WSJ.com.