cutting the deficit

Attaking Tax Loopholes, Obama Takes Aim at Carried Interest

On Sunday, President Obama went on the offensive against the carried interest tax rate. In a nutshell, this tax break allows super-rich hedge fund managers to sidestep a large portion of their tax bills with Wall Street slight of hand.

Debt Hawks, Take Your Own (Virtual) Axe to the Budget

Think you can do better than Congress in coming up with a balanced U.S. budget? Several smartphone apps let you play along with all the fiscal fun happening in Washington. Raise taxes on market speculators? Cut spending on social services? You decide, and these apps will show you the results.