TaxIncreases

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.

As state income tax revenues creep downward, rates are slowly headed the other way: upward. As fewer taxpayers pay in (due largely in part to heavy unemployment rolls and lower incomes), states are grasping at other sources of revenue. At the top of their lists? Millionaires. As of the end of last...

Consumers are struggling to make ends meet as our economy falters. And what is the answer to that from politicians? Let's raise taxes. We're being led to believe that our governments need more of our money. The truth is that families are the ones who need to keep more of their hard-earned money. Be...