Middle class tax cuts Articles

The Compromise Tax Bill: Why Something Was Better Than Nothing

1:50PM 12/17/2010

If a compromise by definition is a deal that pleases no one, then the tax deal that cleared Congress Thursday was a rousing success: Conservatives and liberals both dislike it, but those who voted for it agreed that the alternative -- letting taxes rise for everyone -- would have been worse.

The Bush Tax Cuts: A Continuing Conundrum

6:30AM 11/18/2010

By Charles Wallace

Economy

Signs of a compromise are increasing in Washington on extending the Bush tax cuts for all income levels. The question is: Does it make good economic sense to continue them, or is this merely political expediency?

The High Price of Extending the Bush Tax Cuts

1:45PM 11/05/2010

By Jonathan Berr

Economy

Before the GOP power surge on Tuesday, President Obama had steadfastly refused to consider extending the Bush tax cuts -- due to expire at the end of the year -- for America's wealthiest taxpayers. Now, he says he's willing to compromise.

Making Work Pay Credit not likely to be extended

2:00PM 9/27/2010

By Kelly Phillips Erb

Tax, Economy, Taxes

Congress' effort to stimulate the economy included pushing through a series of tax breaks in 2009. The centerpiece of the legislation was the Making Work Pay Credit, which was intended to provide tax relief for working and middle class families. It may not last beyond this year. The idea was to...

The largest chunk of Obama's national debt was written on Palin's hand

6:00PM 3/11/2010

By Bob Cesca

Tax, Credit

Try not to choke on your coffee, but the nonpartisan Congressional Budget Office (CBO) projected that the Obama administration policies would dump $9.7 trillion onto the national debt by 2020. The projected national debt by 2020, according to the CBO, would top $20.3 trillion. Yeah, that's a lot....