Tea Party

What's Next for Obamacare Foes Now That Rick Scott Has Caved

On Wednesday, Florida Gov. Rick Scott, one of the most outspoken critics of President Obama's Affordable Care Act -- and the Medicaid expansion it carries with it -- announced that Florida will accept the federal windfall that the program will bring.

Obama's SOTU Economic Pitch: This Time, It's Personal

In Tuesday's State of the Union address, President Obama turned that old feminist rallying cry that "the personal is political" on its ear with a long list of proposals that argued that the personal is economic -- and the economic is political.

Night of the Living Debt Ceiling: The Fiscal Horror That Is to Come

Last week's fiscal cliff deal did much to resolve the dark specter of economic uncertainty in America. However, it was only the first of three fiscal crises set to hit before March. Next on deck, another sequestration battle; and then the biggie: "Debt Ceiling 2: The Tea Party Strikes Back."

Did Tea Party's Top Campaign Donors Tax Themselves?

Tea Party mega-donors poured hundreds of millions into the 2012 election, and one of their key goals was to keep taxes low for the rich. Had Romney won, their investments could have paid off mightily. Here's a look at how what they donated compares with what they'd have saved under Romney.

American Spirits: Mike Rowe Pours a Shot of Alcoholic Economic History

In "How Booze Built America," Mike Rowe of "Dirty Jobs" mixes little-known history with economic analysis, puns and many tasty beverages to explain how the American story is really the tale of one nation's love affair with alcohol. Here are a few of Rowe's favorite high points.

Fiscal Cliff Ahead: The Party's Over for the Payroll Tax Holiday

When pundits talk about the fiscal cliff, they7 usually focus on the damage that'll be caused by the expiring Bush tax cuts and the across-the-board budget cuts. But what you'll probably feel first will be the end of the payroll tax holiday, which will take an instant bite out of your paycheck.

Paul Ryan's Budget vs. President Obama's: How They Differ

Even before Mitt Romney picked him as his running mate, Paul Ryan was a Tea Party star, a fiscal-policy super-wonk and author of the GOP House's budget proposal. Here's a look at some of the ways Ryan's fiscal ideas contrast with President Obama's:

Occupy the IRS? TaxKilla Shows You How to Bend the Tax Code

Every April, resistance to taxes becomes a national hobby. The rebellious souls at taxKilla.org take that resistance to the extreme by encouraging the broad use of tax loopholes and iffy methods to reduce what you pay to the IRS. But there's nothing illegal about it.

Before You Cheer IRS Budget Cuts, Consider This

Nobody enjoys paying taxes, so hearing that Congress is cutting the IRS budget might inspire you to applaud. But this is the agency that makes sure the rest of government gets funded, and stops the unscrupulous from dodging their fair share of the burden.

2011's Biggest Financial Heroes and Villains

In a year saturated with big financial headlines, identifying the fiscal heroes and villains is bound to be an exercise in oversimplification. But DailyFinance is going to try: Herewith, we present our picks for the best and the worst of 2011.

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.

Bachmann Proposes Tax Hikes for All -- Reagan Style

On Thursday, GOP presidential candidate Michele Bachmann may have inadvertently made one of the boldest moves of the 2012 primary campaign. Speaking on Fox News, the Minnesota congresswoman stated that she wants to adopt Ronald Reagan's tax plan, a rate structure that's much higher than current tax rates.

3 Ways to Make the Most of a Payroll Tax Cut

Although GOP senators have blocked action on Obama's $447 billion jobs bill, parts of it may yet get enacted, including an extension and expansion of a payroll tax cut that would put hundreds of dollars more a year in the pockets of ordinary American workers. Here are three smart ways for you to earmark that cash for your future.

Google Millionaire Begs: 'Raise My Taxes, Please!'

Tax increases on the wealthy just got another outspoken defender: Google's 59th employee, Doug Edwards. On Monday, in a town hall meeting in California, President Obama called on a seemingly-anonymous member of the audience to ask a question. What happened next was surprising.