In the news...

July 24, 2013

Congress threatens Afghanistan over U.S. exit taxes

Bradley Klapper
Associated Press

Lawmakers threatened Afghanistan July 23 with severe cuts in foreign aid if President Hamid Karzai’s government institutes an exit tax on American military equipment, food supplies and other goods as the United States pulls most of its troops and much of its property out of the country over the next 18 months.

I have seen some stupid things from that government,î said Sen. Patrick Leahy, who co-sponsored the amendment. ìI have seen some things that make you wonder what universe they live in. But this one just went beyond the pale.

Republican Sen. Lindsey Graham agreed, calling talk of an exit tax on U.S. property ìridiculousî after a dozen years of American-led stabilization efforts in Afghanistan.

Their threat: To withhold $5 in foreign aid to Afghanistan for every $1 in fees imposed on the United States for repatriating any property.

The levies were described in a June 28 letter to lawmakers identifying almost $1 billion in business taxes and penalties imposed by the Afghan government on contractors supporting U.S. operations. The U.S. special investigator for Afghanistan warned of hundreds of millions of dollars in additional future costs if Congress doesn’t act.

Since 2002, Congress has spent more than $90 billion on humanitarian and reconstruction programs in Afghanistan. That doesn’t include hundreds of billions of dollars more in military costs.

The Afghanistan amendment was attached to the Senate’s 2014 foreign operations bill, which passed an appropriations subcommittee by voice vote Tuesday. It will go to a full Senate vote in the coming weeks.
The bill slashes the State Department’s diplomacy and aid budget by 5 percent from last year, but is far less severe than the 20 percent reduction approved by a House panel last week.

Like the House, the Senate provides full funding for embassy security to guard against any repeat of last year’s deadly attack in Benghazi, Libya.

However, the Senate maintains payments for several U.N. agencies that the House wants to cut funding for completely. It provides stronger support for global climate change programs, international financial institutions, development efforts and disaster relief.

The Senate’s bill proposes spending of $50.6 billion.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines October 24, 2014

News: U.S., South Korea delay transfer of wartime control - The U.S. and South Korea have delayed transferring wartime operational control of allied forces by taking on a “conditions-based approach” and scrapping the previously set deadline of 2015.   Business: Exclusive: Lockheed, Pentagon reach $4 billion deal for more F-35 jets - Lockheed Martin and U.S. defense...
 
 

News Briefs October 24, 2014

French moving troops toward Libyan border A top French military official says the country is moving troops toward the Libyan border within weeks and, along with U.S. intelligence, is monitoring al Qaeda arms shipments to Africa’s Sahel region. A French base will go up within weeks in a desert outpost just a hundred kilometers (60...
 
 
Navy photograph

Navy to commission submarine North Dakota

Navy photograph The PCU North Dakota (SSN 784) during bravo sea trials. The crew performed exceptionally well on both alpha and bravo sea trials. The submarine North Dakota is the 11th ship of the Virginia class, the first U.S....
 

 

Boeing announces SF Airlines order for Boeing converted freighters

Boeing announced Oct. 23 that SF Airlines has placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015. “SF Express aims to become China’s most respected and...
 
 
LM-C130

Another Super Herc Little Rock Rollin’

  Lockheed Martin delivered another C-130J Super Hercules to the 61st Airlift Squadron at Little Rock Air Force Base, Ark., Oct. 23. Little Rock AFB’s new C-130J was ferried from the Lockheed Martin Aeronautics facility ...
 
 

United Technologies beats third quarter profit expectations

United Technologies Corp. Oct. 23 reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. The Hartford, Conn.,-based company said it had profit of $2.04 per share and earnings, adjusted for non-recurring gains, came to $1.82 per share. The results topped Wall Street expectations,...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>