tax cut

While many Americans are hoping the fellows running for president will give them a tax cut, President Obama has already given all of us one that saves the average family about $1,000 extra a year. So how can you put that bonus to the best use?

Republican leaders may be worried about the Federal Reserve's second round of quantitative easing, but the stock and credit markets are delighted: They've improved significantly since the plan was announced. But can the rally be solely attributed to QE2?

Income inequality pierced its previous record high in 2008 -- a fitting legacy for President George W. Bush. Fresh census figures reveal that the ratio of the incomes of the top 10 percent of Americans -- over $138,000 a year -- to those at the poverty level -- $12,000 -- was 11.4 times. (The...

George Bush's 2001 tax cut was controversial almost from its inception. Many economists and analysts opposed the tax cut because they felt it wasn't necessary, given that the U.S. economy was already recovering from the 2001 recession. Now, with a record U.S. budget deficit and increased social...

Washington Post columnist E.J. Dionne, looking down the field a tad, tackles an issue that no one wants to discuss now or perhaps ever, but hey, it's a dirty job and somebody has to do it. The issue: raising taxes. Taxes won't be raised during the nation's pronounced recession, but after the...