gop
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
11:10AM 11/21/2011
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 if Buffett Tax Passes, Middle Class Could Still Get Hit
3:45PM 11/14/2011
Warren Buffett's tax proposal would put the bite on America's wealthy: Those who make $1 million or more would pay 30%, while those who make more than $10 million would pay 35%. But even if it passed, experts say balanced budgets will require sacrifices across the board.
9-9-9, Take 2: Cain's Tax Plan Revamp Still Stings the Middle Class
2:00PM 10/24/2011
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.
Republican Presidential Candidates: Which One Is Best for Your Wallet?
12:45PM 10/18/2011
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?
Michele Bachmann Proposes Tax Hikes for Everyone -- Reagan Style
11:35AM 10/14/2011
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 Obama's Proposed Payroll Tax Cut
11:30AM 10/13/2011
Although the Senate has 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 Tells Obama: 'Raise My Taxes, Please!'
5:00PM 9/26/2011
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.
What do Tea Partiers feed their families? On Monday, Rep. John Fleming (R-La.), met with MSNBC's Chris Jansing to discuss President Obama's proposed tax hikes on the wealthy. Rep. Fleming only brings home $600,000 a year, and his explanation of why that just isn't enough offers an interesting glimpse into the world of Tea Party economic theory.
Among the many ideas legislators in Washington have proposed for reducing federal spending is raising the age at which Americans qualify for Medicare benefits from 65 to 67. On the surface, that makes sense. But scratch the surface and the numbers show it to be an $11 billion blunder.
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