bush tax cuts

The Senate presented the final price tag of $858 billion for President Obama's tax deal Republican leaders and began debating the package Thursday night. The Senate aims to vote on the bill Monday, a week after it was first announced, The Wall Street Journal reported. It is expected to clear the...

DailyFinance writer Jonathan Berr sees much to like in the compromise President Obama reached with congressional Republicans on taxes and unemployment compensation. And while he'd never call it perfect, as he notes, the American voters elect politicians to get stuff done, which this plan does.

Political tides can turn quickly and violently, as President Obama found out this week. Fresh off of successful negotiations with Republican leadership on Monday over the tax-cut extension package, Obama received a sharp rebuke from his own party who voted today to reject the proposal. House...

Congress had nearly 10 years to figure out what to do with tax cuts under the Economic Growth and Tax Relief Reconciliation Act of 2001 (referred to as "EGTRRA") and its counterpart, the Jobs and Growth Tax Relief Reconciliation Act of 2003 (referred to as "JGTRRA") which were set to expire at the...

Wall Street banks are considering changing the timing of their annual bonuses in a bid to avoid possible tax increases. Lawmakers in Washington are currently discussing whether to renew the Bush-era tax cuts on the wealthiest Americans, a bracket that includes many on Wall Street. If the tax cuts...

President Obama's National Commission on Fiscal Responsibility and Reform couldn't get enough of its members to approve its own recommendations or to find the 14 votes needed to send its proposal to Congress. But don't count out deficit reduction yet.

Billionaire investor Warren Buffett said that wealthy Americans should pay more in taxes and that the Bush-era tax cuts for high-earners should expire, Bloomberg News reported. "People at the high end -- people like myself -- should be paying a lot more in taxes. We have it better than we've ever...

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?

A new Bloomberg poll shows 68% of investors say Obama's policies are "detrimental to the U.S. investment climate." That's despite soaring corporate earnings and a huge bounceback in stock prices during his administration. Somewhere, there's a disconnect.

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.