mitt romney

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.

Obama's New Health Insurance Markets Are on the Way

This fall, new insurance markets called exchanges will open in every state, marking the debut of President Barack Obama's health care overhaul, the Affordable Care Act. The goal is quality coverage for millions of uninsured people. But the devil is in the details

Fiscal Cliff Averted: 6 Things You Can Stop Worrying About

After months of lead-up, America finally went over the fiscal cliff -- for about 34 hours, before a bipartisan compromise was reached. So, with an eye toward the bright side, here's are six things that you no longer need to worry about now that the fiscal cliff has been averted.

Top 10 Business Stories of 2012

This would be the year when the global economy finally regained its vigor. At least that's what many had hoped. It didn't happen. So what were the top ten business stories of 2012?

The 9 Most Important Financial Stories of 2012

Sometimes the most important news stories get overshadowed by short-term crises and teakettle tempests. With that in mind, we at DailyFinance decided to take a look back at the nine stories of 2012 that are likely to have the biggest impact on your wallet in the year ahead.

Obama, Romney to Meet at White House Thursday

President Barack Obama will host his former political rival Mitt Romney for a private lunch at the White House Thursday, their first meeting since the election. Obama promised in his victory speech earlier this month to engage with Romney following their bitter campaign and consider the Republican's ideas.

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.

Karl Rove's Historically Colossal Waste of Money

Karl Rove is the co-founder and senior advisor to American Crossroads, a multifaceted organization that has raised massive amounts of money in order to get Mitt Romney elected to the presidency. That did not work out. Here's how much the super PAC spent on Romney.

What Obama's Second Term Will Mean for Your Personal Economy

Barack Obama has been re-elected as the president of the United States. A nail-bitingly close election, with the economy consistently being named as the top issue, has been decided. Here are a few things to keep in mind for the days to come.

Nate Silver Almost Certainly Has Millions at Stake in Tonight's Election

The other day, Nate Silver proposed a $2,000 bet (for charity) with Joe Scarbrough on the outcome of the election. But let's be honest, the New York Times polling guru has WAY more at stake than that. We're talking millions of dollars on his being right that Obama will stomp Romney in the Electoral College.

Election Day Roadmap: Watching the Results En Route to 270

Here's your hour-by-hour election night guide: when the polls close in the key swing states, and how the results will unfold. Word to the wise: Beware of early exit polls. They got it wrong in both 2000 and 2004, so be patient and wait for the actual votes to be counted.

Romney or Obama: Whose Win Would Ignite an Economic Boom?

According to our exclusive (but unscientific) poll two-thirds of respondents felt one candidate would be better for the country economically. But does history back up their opinions about which party's presidents bring growth and which bring stagnation? You may be surprised.

President Romney? Gamblers Say Don't Bet on It

We've heard from poll after poll in recent months predicting who would win the presidential race: Barack Obama or Mitt Romney. But poll respondents don't have anything to lose when they give their opinions. Gamblers betting on the outcome do, and they give overwhelming odds to one candidate.

5 Ways the Election Results May Affect Your Retirement

Whether Barack Obama or Mitt Romney wins this election, it's going to impact a host of things beyond those the political ads have been focusing on -- among them, your retirement. Here are the five biggest the next president could make your golden years more -- or less -- secure.

Goodbye, Payroll Tax Holiday; Hello, Tax Hike for the 47%

Even if you're part of the 47% who don't pay federal income taxes, you probably do pay payroll taxes. A few years ago, President Obama and his allies in Congress cut you a break to ease the pain of the recession: a 2 percentage point payroll tax holiday. Well, the holiday is over.

Sandy Highlights the Wealth Gap, Forces Rich to Drink Good Wine

A hurricane can be the ultimate equalizer. No matter where on the socio-economic spectrum they stood before the storm, its victims afterward had many of the same needs: food, shelter, electricity and flushable toilets. But some "necessities" are of a more sophisticated nature.

Sandy Reminds Us What Election Is About: 2 Very Different Visions

The Federal Emergency Management Agency is doing much of the heavy lifting in the clean up and relief efforts from Hurricane Sandy. But FEMA's also on the front lines for Republican budget cuts. Which puts a key question of next week's election into sharp focus: What kind of federal government does America want?

Election Home Stretch: 5 Things to Watch for Before Nov. 6

With less than a week to go before Election Day, there are usually a few clear indicators that one candidate has momentum, some idea of how the remaining undecided voters are going to break. It was obvious in 2008. Between Barack Obama and Mitt Romney in 2012, that's just not the case.

Election Outlook: Will Americans Vote for Hope and P.F. Chang's?

Just a couple of months ago, DailyFinance introduced you to a new, somewhat off-the-wall, gauge of presidential-electoral success: The "Restaurant Sales" index. At the time, it showed Mitt Romney in better shape the Barack Obama. Here's what it reveals now.

Judge OKs Release of Romney Testimony in Staples Divorce Case

A Massachusetts judge on Thursday granted a request to unseal testimony by Mitt Romney in the decades-old divorce of Staples founder Tom Stemberg. Maureen Sullivan Stemberg sued her husband in 1990, arguing that he had failed to reveal the true value of Staples stock in their property settlement agreement.

Obama and the Bayonets: Who's Right on the Defense Debate?

President Obama's snappy comeback about bayonets and horses put Mitt Romney on the defensive on defense spending ... but do his arguments hold water? Is Washington being a good steward of your tax dollars, as it spends them on aircraft carriers, nuclear subs, and other gear for our smaller, high-tech Navy?

Obamacare Taxes: How the Changes Will Impact Your Income

Obamacare, aka the Affordable Care Act, has created its share of controversy among both supporters and opponents. Expect the arguments to get even louder once taxpayers start having to pay for it. In just a couple of months, two tax increases tied to Obamacare will take effect.

The Obama Romney Debate: Who Won, and What That Means

Let's not sugarcoat it, President Obama won Monday's debate decisively -- at least on the topic of the evening, foreign policy. That's good news for Obama and bad news for Romney. But there's good news for Romney too.