President Obama’s latest tax package, which he’ll unveil in detail next week along with his new budget, would lower taxes for low-income households and significantly raise taxes for the highest income 1 percent—those making $663,000 or more, according to new Tax Policy Center estimates. Show More Summary
The tax policies President Obama sketched in his State of the Union address last week would increase taxes for the wealthiest Americans, while reducing them for the poor, according to a new analysis from the Tax Policy Center. For people in the middle, the proposal could mean anywhere between a loss of several hundred dollars a year to […]
Will the new government in Greece led by radical-left party Syriza levy higher taxes that the shipping industry can’t afford? A report in WSJ says that several
Comiconomist Yoram Bauman has a carbon tax plan for Washington state. The punch line: He thinks he can get both political parties on board.
INVESTOR’S BUSINESS DAILY: Obama’s 529 Tax Plan Is Just The Beginning.
As part of his new tax plan, the president has proposed ending the “step-up” in tax basis for inherited assets, and, furthermore, requiring the capital gains tax to be paid at death rather than when an heir later sells the assets. There...Show More Summary
As part of the Obama administration’s tax plan, money from 529 plans could no longer be withdrawn tax-free.
Getty Images Tax planning is hard enough when you think you know the rules. But if you can't count on today's rules still applying tomorrow, trying to plan for the future becomes impossible. That's the conundrum that many college savers find themselves in after the latest State of the Union address. Show More Summary
Last night during the State of the Union address, the president spoke briefly about taxes: “Let’s close the loopholes that lead to inequality by allowing the top one percent to avoid paying taxes on their accumulated wealth. We can use that money to help more families pay for childcare and send their kids to college. Show More Summary
From the January 20 edition of CNN's CNN Tonight: Previously: Fox Can't Decide If Obama Is Distracting Voters From The Economy, National Security, Or Basically Everything Right-Wing Media Discuss Obama's SOTU Tax Plan Fox's Bolling Omits Important Statistic In Attack On Minimum Wage Increases
Fox News misleadingly asked whether President Obama's new tax initiative which proposes to cut taxes on the middle class was "raising your taxes?" In reality, Obama's plan lowers middle class taxes and is funded by closing tax loopholes and increasing capital gain taxes on the top one percent of earners. Show More Summary
The liberal media is already attacking Republican Senator Joni Ernst (R-IA) before her response tonight to Barack Obama’s State of the Union tax plan. Ernst is the first female senator from Iowa and a the only female Iraq War combat … Continue reading ?
Death and taxes: Inevitable, but not always paired. President Obama wants to change that. In a wide-ranging tax plan he’ll highlight at tonight’s State of the Union address, he’d close “arguably the biggest loophole in the tax code for high-wealth households,” says TPC’s Len Burman. Show More Summary
Fox News host Bill O’Reilly said on Monday that President Barack Obama’s upcoming tax increase proposal is just part of a longer game on the part of the Democratic Party. “Mr. Obama well knows Republicans will not accept a tax hike, believing it would be bad for the...
President Barack Obama would take from the rich and give to everyone else as part of a sweeping tax plan he intends to push Tuesday in his State of the Union address. The Robin Hood-style proposal would raise taxes on capital gains and...Show More Summary
With President Obama placing tax reform on the table in his State of the Union address, scheduled for delivery to Congress on Tuesday, we can expect weeks or months of Washington debate about the vices and virtues of the tax breaks held dear by many segments of the taxpaying public.
President Obama's tax plan is Piketty-lite, aimed at reversing years of economic rot among America's poorest 50 percent
Rep. Jason Chaffetz (R-UT) called Obama's plan a "non-starter." The White House says President Obama's new tax plan would raise $320 billion from the wealthiest 1/10 of one percent of the population in order to give tax cuts to the rest of Americans. Show More Summary
The Obama administration isn't waiting until Tuesday night's State of the Union address to let the American public know about the bold plans the president will propose. Over the weekend, the administration previewed a major tax overhaul...Show More Summary