GOP

Obama Presses Congressional Republicans to Avert Sequester

President Barack Obama is urging congressional Republicans to accept more tax revenue in order to avert the sequester -- an $85 billion, across-the-board budget cut due to take effect March 1 that could derail America's still stuttering economic recovery.

Markets Cautious Ahead of Debt Ceiling Vote

Stock markets traded cautiously on Wednesday ahead of a U.S. vote on raising the nation's borrowing limit temporarily. The House is set to vote on a motion to increase the nation's $16.4 trillion borrowing ceiling for three months.

How Conservatives Are Making Life Harder for U.S. Businesses

Republicans tout themselves as friends of business. Yet when it comes to many of industry's top priorities, the GOP's tea party lawmakers and far-right lobbying groups are putting roadblocks in the way of legislation that U.S. businesses really want to see passed.

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.

How Buffett's Plan Cuts Taxes for Some of the Wealthy

In the political battle over taxes, Warren Buffett has been cited often -- both as an example of the country's unbalanced tax code and for his popular plan to boost taxes on the rich. There's just one thing: His plan would leave many of them paying less.

Even With Buffett Tax, Middle Class May Still Get Hit

Warren Buffett's tax proposal would take a bite out of America's wealthiest families: Those who make $1 million or more would pay a total of 30%, while those who make more than $10 million would pay 35%. But even if his plan passes, experts say balanced budgets will still require sacrifices across the board.

9-9-9, Take 2: Cain's Revamp Still Stings Middle Class

GOP presidential candidate Herman Cain unveiled several major changes to his popular 9-9-9 tax plan on Friday. The former Godfather's Pizza CEO even announced that those below the poverty line would pay no income taxes. But the middle class won't find much relief in Cain's fleshed-out plan.

GOP Candidates: Whose Tax Plan Is Best for You?

From Herman Cain's 9-9-9 plan to Ron Paul's proposal to nix the income tax, the GOP presidential candidates have floated a range of ideas for jump-starting the U.S. economy. But will any of them jump-start your home's economics? We looked at how the four front-runners' proposals of would affect an average American family.