middle class tax cuts

Done Deal: Fiscal Cliff Bill Passes the House

A weary House of Representatives passed legislation late Tuesday night that will prevent the long-feared fiscal cliff of broad tax increases and spending cuts. The bill's passage on a bipartisan 257-167 vote sealed a hard-won political triumph for President Barack Obama.

Pop Quiz: Who Is Living America's Middle-Class Dream?

America's middle class has gotten a lot of attention in the 2012 election, but what, exactly, does "middle class" mean? If you've ever wondered -- and wondered whether or not you're a member of it -- take a peek at our middle-class quiz.

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.

Tax Compromise: Why Something Was Better Than Nothing

If a compromise by definition is a deal that pleases no one, then the tax deal that cleared Congress Thursday was a rousing success: Conservatives and liberals both dislike it, but those who voted for it agreed that the alternative -- letting taxes rise for everyone -- would have been worse.

The Bush Tax Cuts: A Continuing Conundrum

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?

The High Price of Extending the Bush Tax Cuts

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.