Taxes

11:29am

Mon July 30, 2012
It's All Politics

Poll: Jobs Should Be Next President's Priority; Tax Fairness? Not So Much

Originally published on Mon July 30, 2012 3:31 pm

Nearly every major poll indicates that the top issues for voters are jobs and the economy. Making the wealthy pay more in income taxes? Not so much, at least according to a new USA Today/Gallup poll.

An excerpt from Gallup:

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11:13pm

Thu July 26, 2012
It's All Politics

Obama Would Pay More — Romney, A Lot More — If Bush-Era Tax Cuts End

Originally published on Fri July 27, 2012 1:42 pm

President George W. Bush signs tax cut legislation on June 7, 2001. The cuts from this and a subsequent bill are set to expire at the end of 2012.
Stephen Jaffe AFP/Getty Images

An occasional series, Fiscal Cliff Notes breaks down the looming "fiscal cliff" of expiring tax cuts and deep automatic spending cuts set to hit around the first of year.


About 80 percent of Americans would see their taxes go up if all the tax cuts signed into law by President George W. Bush were to expire as scheduled at the end of this year. And nearly 100 percent of the highest income earners would have to pay more — including both the Obamas and the Romneys.

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10:21am

Wed July 25, 2012
Economy

When It Comes To Tax Cuts, Neither Side Is Blinking

Originally published on Thu July 26, 2012 12:43 pm

Taxes may be certain, but growth and job creation aren't.

As the U.S. edges closer to a year-end "fiscal cliff," Democrats and Republicans haven't budged in their fight over expiring tax cuts for the wealthiest Americans — and how best to help the middle class and get the country back to work.

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6:44am

Fri June 15, 2012
Economy

Three Frightening Phrases You Should Understand

Originally published on Wed June 20, 2012 9:42 am

German Chancellor Angela Merkel speaks during a press conference in Brussels.
John Thys AFP/Getty Images

The economy has so much going for it: low inflation, low interest rates, affordable homes, falling gasoline prices and 27 straight months of job growth. Good times, no?

No.

The economy is slowing, but not because of current conditions. The slowdown reflects the fear of what may be coming next. Economists say employers and investors are paralyzed by the uncertainty surrounding three huge problems: one in the United States, another in Europe and the third in China.

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11:48am

Wed June 6, 2012
The Two-Way

The Bush Tax Cuts: Obama's Surrogates Add Confusion To Democratic Position

Originally published on Thu June 7, 2012 1:32 pm

Former Treasury Secretary Lawrence Summers speaks during a discussion about tax codes and revenue hosted by the Brookings Institute on May 3 in Washington.
Mark Wilson Getty Images

Did Larry Summers, the president's first National Economic Council director, just become the second Obama surrogate to stray from the talking points and endorse an extension of the Bush-era tax cuts?

Those tax cuts, which the Obama administration has said it will not extend for the very rich, are due to expire at the end of the year. Along with deep cuts in government spending scheduled to take place at the same time, many have called the end of the year a "fiscal cliff" that would plunge the economy back into recession.

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