BushTaxCuts

Obama's Tax Cut for the 1% (and Everyone Else, Too)

On Monday, President Obama revived his proposal to cut taxes on income below $250,000 a year -- which the GOP immediately decried as class warfare. The odd thing is, as "class warfare" goes, Obama's proposal would actually give all the wealthy a pretty solid tax break.

Get Ready to Pay Thousands of Dollars More in Taxes

Lawmakers have gotten in the habit of waiting until the last minute to extend many tax breaks, but last year, they ran out of time. Now, unless Congress acts soon, millions of Americans are face changes that could leave them sending thousands of dollars a year more to the IRS.

Meet the 12 People Who Have to Fix the U.S. Budget

There has been a pleasant lull in reporting about the debt ceiling and budget debate, but don't let the quiet fool you. Right now, 11 men and one woman are crafting a plan to reduce the federal budget deficit by $1.5 trillion over 10 years. They are the members of the Joint Select Committee on Deficit Reduction -- aka, the Deficit Supercommittee