The Bush tax cuts refers to changes to the United States tax code passed during the presidency of George W. Bush that generally lowered tax rates and revised the code specifying taxation in the United States. These were the:

• Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)
• Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)

While each act has its own legislative history and effect on the tax code, the JGTRRA amplified and accelerated aspects of the EGTRRA. Moreover, since 2003 the two acts have often been spoken of together, especially in terms of analyzing their effect on the U.S. economy and population and in discussing their political ramifications.

The Bush tax cuts had sunset provisions that made them expire at the end of 2010, since otherwise they would fall under the Byrd Rule. Whether to renew the lowered rates and how became the subject of extended political debate, which was resolved during the presidency of Barack Obama by a two-year extension that was part of a larger tax and economic package, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

Implications for the Alternative Minimum Tax[link]

The 2001 act and the 2003 act significantly lowered the marginal tax rates for nearly all U.S. taxpayers. One byproduct of this tax rate reduction was that it brought to prominence a previously lesser known provision of the U.S. Internal Revenue Code, the Alternative Minimum Tax (AMT). The AMT was originally designed as a way of making sure that wealthy taxpayers could not take advantage of "too many" tax incentives and reduce their tax obligation by too much. It is a parallel system of calculating a taxpayer's tax liability that eliminates many deductions. However the applicable AMT rates were not adjusted to match the lowered rates of the 2001 and 2003 acts, causing many more people to face higher taxes. This reduced the benefit of the two acts for many upper-middle income earners, particularly those with deductions for state and local income taxes, dependents, and property taxes.

The AMT exemption level aspects of the 2001 and 2003 tax cuts, as well as the sunsetting year of capital gains and dividends, were among the tweaks made to the tax code in the Tax Increase Prevention and Reconciliation Act of 2005.

Debate over effect of cuts[link]

CBO data - Federal individual income tax revenue trends from 2000-2009 (dollars and % GDP)

There was and is considerable controversy over who benefited from the tax cuts and whether or not they have been effective in spurring sufficient growth. Supporters of the proposal and proponents of lower taxes claimed that the tax cuts increased the pace of economic recovery and job creation. Further, proponents of the cuts asserted that lowering taxes on all citizens, including the rich, would benefit all and would actually increase receipts from the wealthiest Americans as their tax rates would decline without resort to tax shelters. The Wall Street Journal editorial page states that taxes paid by millionaire households more than doubled from $136 billion in 2003 to $274 billion in 2006 because of the JGTRRA.^[1]

The Heritage Foundation alleges that the Bush tax cuts led to the rich shouldering more of the income tax burden and the poor shouldering less;^[2] while the Center on Budget and Policy Priorities (CBPP) has concluded that the tax cuts have conferred the "largest benefits, by far on the highest income households."^[3] The underlying policy has been criticized by Democratic Party congressional opponents for giving tax cuts to the rich with capital gains tax breaks while acknowledging some benefit extended to middle and lower income brackets as well.^[4]

Statements by Bush, Vice President Dick Cheney, and Senate Majority Leader Bill Frist that these tax cuts effectively "paid for themselves" have been disputed by the CBPP,^[5] the U.S. Treasury Department and the CBO.^[6][7][8][9] Economist Paul Krugman wrote in 2007: "Supply side doctrine, which claimed without evidence that tax cuts would pay for themselves, never got any traction in the world of professional economic research, even among conservatives."^[10] Since 2001, federal income tax revenues have remained below the 30-year average of 8.4% of GDP with the exception of 2007, and did not regain their 2000 dollar peak until 2006, though reasons for regaining previous levels are not given (see chart at right).^[11]

Some policy analysts and non-profit groups such as OMBWatch,^[12] Center on Budget and Policy Priorities,^[13] and the Tax Policy Center^[14] have attributed much of the rise in income inequality to the Bush administration's tax policy. In February 2007, President Bush addressed the rise of inequality for the first time, saying "The reason is clear: We have an economy that increasingly rewards education and skills because of that education."^[15]

Critics state that the tax cuts, including those given to middle and lower income households, failed to spur growth. The cuts also increased the budget deficit, shifted the tax burden from the rich to the middle and working classes, and further increased already high levels of income inequality.^{[16][17][18][19][20]} Economists Peter Orszag and William Gale described the Bush tax cuts as reverse government redistribution of wealth, "[shifting] the burden of taxation away from upper-income, capital-owning households and toward the wage-earning households of the lower and middle classes."^[21] Supporters argued that the tax brackets were still more progressive than the brackets from 1986 until 1992, with higher marginal rates on the upper class, and lower marginal rates on the middle class than established by either the Tax Reform Act of 1986 or the Omnibus Budget Reconciliation Act of 1990.^[22]

Economist Simon Johnson wrote in 2010: "The U.S. government doesn’t take in much tax revenue—at least 10 percentage points of GDP less than comparable developed economies—and it also doesn’t spend much except on the military, Social Security and Medicare. Other parts of government spending can be frozen or even slashed, but it just won’t make that much difference. That means older Americans are going to get squeezed, while our ability to defend ourselves goes into decline. Just because there’s a bipartisan consensus on an idea, such as tax cuts, doesn’t mean it makes sense. Today’s tax cutters have set us up for tomorrow’s fiscal crisis and real damage to U.S. national security."^[23]

A Washington Post article takes a different view, claiming that data showed that the biggest contributor to the disappearance of projected surpluses was increased spending, which accounted for 36.5 percent of the decline in the nation’s fiscal position, followed by incorrect CBO estimates, which accounted for 28 percent. The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent.^[24]

A New York Times article claims the full Bush-era tax cuts were the single biggest contributor to the deficit over the past decade, reducing revenues by about $1.8 trillion between 2002 and 2009.^[25]

Debate over continuation of cuts[link]

Most of the tax cuts were scheduled to expire December 31, 2010. Debate over what to do regarding the expiration became a regular issue in the 2004 and 2008 U.S. presidential elections, with Republican candidates generally wanting the cut rates made permanent and Democratic candidates generally advocating for a retention of the lower rates for middle-class incomes but a return to Clinton-era rates for high incomes. During his presidential election campaign, then candidate Obama stated that couples with incomes less than $250,000 would not be subjected to tax increases. This income level later became a focal point for debate over what defined the middle class.^{[26][not in citation given]}

In August 2010, the Congressional Budget Office (CBO) estimated that extending the tax cuts for the 2011-2020 time period would add $3.3 trillion to the national debt, comprising $2.65 trillion in foregone tax revenue plus another $0.66 trillion for interest and debt service costs.^[27]

The non-partisan Pew Charitable Trusts estimated in May 2010 that extending some or all of the tax cuts would have the following impact under these scenarios:

• Making the tax cuts permanent for all taxpayers, regardless of income, would increase the national debt $3.3 trillion over the next 10 years.
• Limiting the extension to individuals making less than $200,000 and married couples earning less than $250,000 would increase the debt about $2.2 trillion in the next decade.
• Extending the tax cuts for all taxpayers for only two years would cost $561 billion over the next 10 years.^[28]

The non-partisan Congressional Research Service has estimated the 10-year revenue loss from extending the 2001 and 2003 tax cuts beyond 2010 at $2.9 trillion, with an additional $606 billion in debt service costs (interest), for a combined total of $3.5 trillion.^[29]

In late July 2010, analysts at Deutsche Bank said letting the Bush tax cuts expire for those earning more than $250,000 would greatly slow economic recovery. However, Treasury Secretary Timothy Geithner said allowing the expiration would not cause such a slowing. The Obama administration proposed keeping tax cuts for couples making less than $250,000 per year.^[30] Economist Mark Zandi predicted that making the Bush tax cuts permanent would be the second least stimulative of several policies considered. Making the tax cuts permanent would have a multiplier effect of 0.29 (compared to the highest multiplier of 1.73 for food stamps).^[31]

Extension of Bush tax cuts[link]

President Obama signs the extension of the tax cuts into law.

The issue came to a head in late 2010, during a lame-duck session of the 111th Congress.

At the "Slurpee Summit" of November 30, President Barack Obama appointed Treasury Secretary Tim Geithner and Office of Management and Budget chief Jack Lew to help Republicans and Democrats hammer out an agreement on extending the Bush tax cuts.^[32] All 42 Republican Senators pledged to block all legislation in the lame-duck session until the tax matter was settled.^[33][34]

Congressional Democrats offered two attempts to extend the Bush-era rates for "middle income" families but restore the previous, higher rates for "high income" people. The first proposal had a cutoff at $250,000, while the second raised the dividing line to $1 million. Both proposals were able to pass in the House, but on December 4, 2010, both fell short in the Senate, getting only 53 votes and not the 60 needed for cloture.^[35]

On December 6, 2010, President Barack Obama announced a compromise tax package proposal had been reached, centered around a temporary, two-year extension of the Bush tax cuts.^[36] In particular, the framework included key points such as:

• Extending the 2001/2003 income tax rates for two years. Also, reforming the AMT to ensure an additional 21 million households will not face a tax increase. These measures are intended to provide relief to more than 100 million middle-class families and prevent an annual tax increase of over $2,000 for the typical family.^[37]
• Additional provisions designed to promote economic growth. $56 billion in unemployment insurance, an approximate $120 billion payroll tax cut for working families, about $40 billion in tax cuts for the hardest hit families and students, and 100 percent expensing for businesses during 2011.^[37][38]
• Estate tax adjustment. Rates would be 35 percent after a $5 million exemption.^[38][39]

Obama said, "I'm not willing to let working families across this country become collateral damage for political warfare here in Washington. And I'm not willing to let our economy slip backwards just as we're pulling ourselves out of this devastating recession. ... So, sympathetic as I am to those who prefer a fight over compromise, as much as the political wisdom may dictate fighting over solving problems, it would be the wrong thing to do. ... As for now, I believe this bipartisan plan is the right thing to do. It’s the right thing to do for jobs. It’s the right thing to do for the middle class. It is the right thing to do for business. And it’s the right thing to do for our economy. It offers us an opportunity that we need to seize."^[40]

Administration officials like Vice President Joe Biden then worked to convince wary Democratic members of Congress to accept the plan, notwithstanding a continuation of lower rates for the highest-income taxpayers.^[41] The compromise proved popular in public opinion polls, and allowed Obama to portray himself as a consensus-builder not beholden to the liberal wing of his party.^[42] The bill was opposed by some of the most conservative members of the Republican Party as well as by talk radio hosts such as Rush Limbaugh and some groups in the Tea Party movement.^[42][43] It was also opposed by several leading potential candidates for the Republican nomination in the 2012 presidential election, including Mitt Romney,^[42] typically on the grounds that it did not make the Bush tax cuts permanent and that it would overall increase the national deficit.^[44]

In an interview during these debates, former President Bush said, "I wish they would have called it something other than the 'Bush tax cuts'. There'd probably be less angst amongst some to pass it."^[45] He argued strongly for maintaining the rates: "I do believe it's very important to send the signal to our entrepreneurs and our families that the government trusts them to spend their own money. And I happen to believe lower taxes is what stimulates economic growth and what we need now in our country is economic growth."^[45]

On December 15, 2010, the Senate passed the compromise package with an 81–19 vote, with large majorities of both Democrats and Republicans supporting it.^[46] Near midnight on December 16, the House passed the measure on a vote of 277–148, with only a modest majority of Democrats but a large majority of Republicans voting for the package.^[47][48] Before that, an amendment put forward by Democratic Representative Earl Pomeroy and the progressives among the Democratic caucus to raise the estate tax, which was the ultimate sticking point of the deal for them and the cause of a minor revolt among those against it, failed on a 194–233 vote.^[42][47][49] The Washington Post called the approved deal "the most significant tax bill in nearly a decade".^[48] President Barack Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, on December 17, 2010.

See also[link]

conservatism portal

• Economic policy of Barack Obama
• Economic policy of the George W. Bush administration
• Economists' statement opposing the Bush tax cuts
• Taxation in the United States
• Tax cut

References[link]

External links[link]

• EGTRRA's impact on tax revenue and summary of changes, via irs.gov
• Special Report: Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA), Professor John Wachowicz at the University of Tennessee
• Effective Federal Tax Rates Under Current Law, 2001 to 2014, by the Congressional Budget Office
• Fact Sheet on the Framework Agreement on Middle Class Tax Cuts and Unemployment Insurance, The White House

Rachel Maddow
Maddow hosting KPTK's "Changing the Media, Changing America" event in Seattle
Born	Rachel Anne Maddow (1973-04-01) April 1, 1973 (age 39) Castro Valley, California, U.S.
Education	B.A., Stanford University D.Phil, University of Oxford
Occupation	News anchor Political commentator Television host
Notable credit(s)	The Rachel Maddow Show (MSNBC) The Rachel Maddow Show (Air America Radio)
Website
www.rachelmaddow.com

Rachel Anne Maddow (pronounced /ˈmædoʊ/; born April 1, 1973) is an American television host, political commentator, and author.^[1][2] Maddow hosts a nightly television show, The Rachel Maddow Show, on MSNBC.^[3] Her syndicated talk radio program of the same name aired on Air America Radio. Maddow is the first openly gay anchor of a prime-time news program in the United States.^[4][5][6][7]

Asked about her political views by the Valley Advocate, Maddow replied, "I'm undoubtedly a liberal, which means that I'm in almost total agreement with the Eisenhower-era Republican party platform."^[8]

Early life and education[link]

Maddow was born in Castro Valley, California. Her father, Robert B. "Bob" Maddow, is a former United States Air Force captain who resigned his commission the year before her birth and found civilian work as a lawyer for the East Bay Municipal Utility District. Her mother, Elaine Maddow (née Gosse), is a school program administrator from Newfoundland, Canada.^[9][10][11] She has one older brother, David. Her father is of Russian and Dutch descent and her mother is of English and Irish ancestry.^[11] Maddow's mother was raised a strict Roman Catholic, and Maddow herself grew up in a community that her mother has described as "very conservative."^[12][13] Maddow was a competitive athlete and played three sports in high school.^[14] Referencing John Hughes films, she describes herself in high school as "a cross between the jock and the antisocial girl."^[13]

A graduate of Castro Valley High School in Castro Valley, California, she attended Stanford University. While a freshman, she was outed by the college newspaper when an interview with her was published by the student newspaper before she could tell her parents.^[15] Maddow earned a degree in public policy from Stanford in 1994.^[16] At graduation she was awarded the John Gardner Fellowship.^[17] She was also the recipient of a Rhodes Scholarship and began her postgraduate study in 1995 at Lincoln College, Oxford. In 2001, she earned a Doctor of Philosophy (DPhil) in politics from Oxford University.^[18] Her thesis is titled HIV/AIDS and Health Care Reform in British and American Prisons (supervisor: Dr Lucia Zedner). She was the first openly gay American to win a Rhodes scholarship.^[19][20]

Radio career[link]

Maddow's first radio hosting job was at WRNX (100.9 FM) in Holyoke, Massachusetts, after she entered and won a contest the station held to find a new on-air personality.^[21] She was hired to co-host WRNX's morning show, The Dave in the Morning Show. She went on to host Big Breakfast on WRSI, in Northampton, Massachusetts, for two years. She left the show in March 2004 to join the new Air America.^[18] There she hosted Unfiltered along with Chuck D (of the hip hop group Public Enemy) and Lizz Winstead (co-creator of The Daily Show), until its cancellation in March 2005.^[22] Two weeks after the cancellation of Unfiltered in April 2005, Maddow's weekday two-hour radio program, The Rachel Maddow Show, began airing; in March 2008 it gained an hour, broadcasting from 6 to 9 p.m. EST with David Bender filling in the third hour for the call-in section, when Maddow was on TV assignment. In September 2008, the show's length returned to two hours when Maddow began a nightly MSNBC television program. In February 2009, after renewing her contract with Air America, Maddow returned to the 5 am hour-long slot.^[23] Her last Air America show was on January 21, 2010, two weeks before its owners filed for bankruptcy.^[24]

Television career[link]

In June 2005, Maddow became a regular panelist on MSNBC's Tucker.^[25] During and after the November 2006 election, she was a frequent guest on CNN's Paula Zahn Now. In January 2008, Maddow became a MSNBC political analyst and was a regular panelist on MSNBC's Race for the White House with David Gregory and MSNBC's election coverage,^[26] as well as a frequent contributor on Countdown with Keith Olbermann.^[18]

In April 2008, Maddow was the substitute host for Countdown with Keith Olbermann, her first time hosting a program on MSNBC. Maddow described herself on air as "nervous." Keith Olbermann complimented her work, and she was brought back to host Countdown the next month. The show she hosted was the highest rated news program among people ages 25 to 54, a key demographic in ratings.^[27] For her success, the next Monday, Olbermann ranked Maddow third in his show's segment "World's Best Persons".^[28] In July 2008, while Olbermann was on vacation, Maddow filled in again for several broadcasts and, on July 21, for half the show.^[29] Maddow also filled in for David Gregory as host of Race for the White House.^[18]

[edit] The Rachel Maddow Show

In August 2008, MSNBC announced The Rachel Maddow Show would replace Verdict with Dan Abrams in the network's 9 p.m. slot the following month.^[30][31] Following its debut, the show topped Countdown as the highest rated show on MSNBC on several occasions.^[32][33] After being on air for more than a month, Maddow's program doubled the audience that hour.^[34]

Early reviews for her show were mostly positive. The Los Angeles Times writer Matea Gold stated Maddow "finds the right formula on MSNBC,"^[35] and The Guardian writes Maddow has become the "star of America's cable news."^[20] Associated Press columnist David Bauder said she's "[Keith] Olbermann's political soul mate" and the Olbermann-Maddow shows are a "liberal two-hour block."^[36]

Public image and publicity[link]

Maddow has been profiled in People,^[37] the Guardian,^[38] and the New York Observer,^[39] has appeared on “The View” and “Charlie Rose”^[40]

Keith Olbermann played a pivotal role in Maddow's hiring at MSNBC. Olbermann was able to pressure Phil Griffin to give Maddow Dan Abram's slot. A fan of Maddow's, Olbermann was able to use his influence, which had become greater as his ratings rose.^[41]

A 2011 Hollywood Reporter profile of Maddow said that she was able to deliver news "with agenda, but not hysteria.”^[42] A Newsweek profile noted that “At her best, Maddow debates ideological opponents with civility and persistence...But for all her eloquence, she can get so wound up ripping Republicans that she sounds like another smug cable partisan.". Baltimore Sun critic David Zurawik has accused Maddow of acting like 'a lockstep party member.'”^[43]

A Time profile called her a “whip-smart, button-cute leftie.” It said that she radiates an essential decency and suggested that her career rise might signify that “nice is the new nasty.”^[44]

Political views[link]

Distinguishing herself from others on the left, Maddow said she's a "national security liberal" and in a different interview that she's not "a partisan."^[45][46] The New York Times called her a "defense policy wonk" who is writing a book on the role of the military in postwar American politics.^[35][45] (The book, titled Drift: The Unmooring of American Military Power, was published in 2012.) During the 2008 presidential election, Maddow did not formally support any candidate. Concerning Barack Obama's candidacy, Maddow said during the primaries, "I have never and still don't think of myself as an Obama supporter, either professionally or actually."^[47]

In March 2010, Republican Scott Brown, the junior United States Senator from Massachusetts, speculated that Maddow was going to run against him for his seat in 2012. He used this premise for a fundraising email that read "...The Massachusetts political machine is looking for someone to run against me. And you're not going to believe who they are supposedly trying to recruit — liberal MSNBC anchor Rachel Maddow." Maddow said Brown's speculation was false. On her March 23, 2010, TV program, Maddow said, "I have the best job in the world. I am not running for office. Scott Brown didn't ask me if I was running or planning to run for office, before he wrote a fundraising letter with my name. No, it's completely made up by him." Despite her comments, the next day Brown continued along the same line, telling a Boston radio station, "Bring her on." To help put an end to the matter, Maddow ran a full-page advertisement in the Boston Globe confirming she was not running, and separately demanded Brown's apology. She added that despite repeated invitations over the months, Brown had refused to appear on her TV program.^{[48][49][50][51]}

Personal life[link]

Maddow lives in Manhattan and western Massachusetts with her partner, artist Susan Mikula.^[52][53] The couple met in 1999, when Mikula hired Maddow to do yard work at her home. Maddow was working on her doctoral dissertation at the time.^[52] Their first date was at a National Rifle Association "Ladies' Day on the Range" event.^[54] Although Massachusetts and New York recognize same-sex marriage, as of 2009 Maddow and Mikula had no plans to marry.^[13]

Honors and awards[link]

• Emmy Award in the Outstanding News Discussion and Analysis category for "The Rachel Maddow Show" episode "Good Morning Landlocked Central Asia!"
• Maddow was named in Out magazine's "Out 100" list of the "gay men and women who moved culture" in 2008.^[55]
• Maddow was voted "Lesbian/Bi Woman of the Year (American)" in AfterEllen's 2008 Visibility Awards.^[56]
• Maddow won a Gracie Award in 2009, presented by the American Women in Radio and Television.^[57]
• In 2009, Maddow was nominated for GLAAD's 20th Annual Media Awards for a segment of her MSNBC show, "Rick Warren, Change To Believe In?", in the Outstanding TV Journalism Segment category.^[58]
• On March 28, 2009, Maddow received a Proclamation of Honor from the California State Senate, presented in San Francisco by California State Senator Mark Leno.^[59]
• In April 2009, she was listed at number four in Out magazine's Annual Power 50 List.^[60]
• Maddow placed sixth in the "2009 AfterEllen.com Hot 100" list (May 11, 2009)^[61] and third in its "2009 Hot 100: Out Women" version.^[62]
• Maddow was included on a list of openly gay media professionals in The Advocate's "Forty under 40" issue of June/July 2009.^[63]
• In 1994, Maddow was an Honorable Mention in the Elie Wiesel Foundation for Humanity Prize in Ethics.^[64]
• In June 2009, Maddow's MSNBC show was the only cable news show nominated for a Television Critics Association award in the Outstanding Achievement in News and Information category.^[65]
• In March 2010, Maddow won at the 21st Annual GLAAD Media Awards in the category, Outstanding TV Journalism- Newsmagazine for her segment, "Uganda Be Kidding Me".^[66]
• Maddow was the 2010 commencement speaker and was given an honorary Doctor of Laws (LLD) degree at Smith College in Northampton, MA in May 2010.^[67]
• In July 2010, Maddow was presented with a Maggie Award for her ongoing reporting of healthcare reform, the murder of Dr. George Tiller, and the anti-abortion movement.^[68]
• In August 2010, Maddow won the Walter Cronkite Faith & Freedom Award, which was presented by The Interfaith Alliance.^[69] Past honorees included Larry King, Tom Brokaw, and the late Peter Jennings.^[69]
• In November 2011, she was included on the list of "Over-Rated Thinkers" by the editors of The New Republic.^[70]
• In February 2012, Maddow was presented the John Steinbeck Award by the Martha Heasley Cox Center for Steinbeck Studies at San Jose State University.^[71]

Bibliography[link]

• Maddow, Rachel (2012). Drift: The Unmooring of American Military Power. Crown. ISBN 978-0-307-46098-1. 

References[link]

External links[link]

Wikimedia Commons has media related to: Rachel Maddow

• Rachel Maddow on Twitter
• Official website
• Profile and show at MSNBC
• Appearances on C-SPAN
• Rachel Maddow on Charlie Rose
• Rachel Maddow at the Internet Movie Database
• Works by or about Rachel Maddow in libraries (WorldCat catalog)

Jonathan Hoenig (born September 10, 1975) is managing member at Capitalist Pig hedge fund and a regular contributor to Fox News Channel's Cashin' In, Your World with Neil Cavuto, Red Eye w/ Greg Gutfeld and WLS (AM) 890's morning show, Don Wade & Roma.

Background[link]

Hoenig is from Glencoe, Illinois and attended New Trier High School in Winnetka, Illinois. Hoenig is a former floor trader at the Chicago Board of Trade, whose first book was published when he was 22. He is a member of the Economic Club of Chicago and a vocal supporter of Ayn Rand's philosophy of Objectivism.^[1] His brother Stephen died at the age of 19.^[2]

Bank Roll[link]

He is a frequent commentator in the financial press, and has written for: The Wall Street Journal Europe, Wired, Trader Monthly, Maxim, and Smartmoney.com.^[3] He has also been featured in The Wall Street Journal, Institutional Investor, and The Chronicle of Higher Education, and was recently named one of The Chicago Sun-Times Thirty Under Thirty and Crain's Forty Under Forty.

References[link]

1. ^ Archives (Tradecraft) | SmartMoney.com
2. ^ [1]
3. ^ http://www.capitalistpig.com/ Hoenig's company, Capitalistpig Hedge Fund LLC

External links[link]

• Hoenig's company, Capitalistpig Hedge Fund LLC
• Hoenig's articles at Smartmoney.com
• Hoenig's articles at Capitalism Magazine
• Hoenig at imdb.com
• [2]

This article about an American businessperson born in the 1970s is a stub. You can help Wikipedia by expanding it. v t e

Neil Cavuto
Neil Cavuto, 2007
Born	(1958-09-22) September 22, 1958 (age 53) Westbury, New York, United States
Occupation	TV anchor, commentator and executive for Fox Business Network and Fox News Channel
Website
Your World at FOXNews.com

Neil Patrick Cavuto (born September 22, 1958) is an American television anchor and commentator on the Fox Business Network and host of three television programs, Your World with Neil Cavuto and Cavuto on Business, both on the Fox News Channel and Cavuto on sister channel Fox Business Network.

Cavuto also tapes a nightly wrap-up of business news which airs on local FOX affiliates during the late news and has a syndicated radio business news segment that airs on weekday afternoons. He is the senior vice president and managing editor of business news for the Fox Business Network, and oversees content and business coverage. He is the author of two books.

Early life[link]

Cavuto was born in Westbury, New York, and raised in Danbury, Connecticut, where he attended Immaculate High School. He worked as a White House intern during U.S. president Jimmy Carter's administration, graduated from St. Bonaventure University, and earned a master's degree from American University.^[1]

Career[link]

Neil Cavuto became the managing editor of business news and television anchor of Your World with Neil Cavuto on Fox News Channel in July 1996, later becoming a vice president of business news in March 2006. He serves all three positions concurrently. Your World is Fox's main business news program.

Before joining Fox, he hosted Power Lunch on CNBC and contributed to NBC's Today. He worked with the Public Broadcasting Service for 15 years. He was also a New York City bureau chief.

He has been awarded numerous times by his peers in the journalism industry, including recognition by the Wall Street Journal as the best interviewer in business news, best business television interviewer four consecutive years, and five nominations for Cable ACE awards.^[2] Cavuto was also awarded the 1980 Hellinger Award, the highest award for graduating journalism students from St. Bonaventure University. Cavuto has Interviewed many high profile business, political and world leaders.

Cavuto is the author of More Than Money, 2004, (ISBN 0060096438) and Your Money or Your Life, 2005, (ISBN 0060826177).^[3] Both books were New York Times best sellers.^[1]

Personal life[link]

Cavuto and his wife, Mary Fulling, whom he married on October 15, 1983, have three children, Tara, Bradley and Jeremy. They reside in Mendham, New Jersey.^[4]

Cavuto has suffered health problems,^[5][6] saying:

"I don't hide that I have had a tough life in many respects. I fought back a near-life-ending cancer, only to end up with multiple sclerosis years later. Doctors have since told me that the odds of contracting both diseases in the same life are something like two million to one! Yet here I am, marching on, continuing to do my job when doctors who've examined my scans and MRIs tell me I shouldn't be walking or talking."^[7]

References[link]

External links[link]

Wikiquote has a collection of quotations related to: Neil Cavuto

• Neil Cavuto's Bio on FoxBusiness.com
• Neil Cavuto's Bio on FoxNews.com
• Cavuto writes about his first book