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France's Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande's push to make the rich contribute more to cutting the public deficit.
Because the "fiscal cliff" will not stop for death, it looks as if death's carriage may make a "kindly" stop to pick up some American millionaires this year, to paraphrase Emily Dickinson.
Former Mitt Romney economic advisor Greg Mankiw admits something that he probably would never have said during the campaign: Middle class tax rates can't be set in stone. They might have to rise, too.
The inside line from Washington is that there will be no Fiscal Cliff deal before the end of the year.
"No single reason accounted for why those with a heftier tax bill were happier, but the economists found some evidence supporting several potential factors. One could be that people enjoy the public goods and services made possible by taxes."
Speaker John Boehner, using his harshest tone of the fiscal cliff debate, said the White House has “done nothing” since he relented on letting low tax rates lapse on wealthy Americans.
Grover Norquist’s Americans for Tax Reform is giving House Republican’s a pass on Speaker John Boehner’s “Plan B” to let tax rates go up on incomes above $1 million.
House Speaker John Boehner plans to introduce a bill on the House floor that would include tax increases on incomes above $1 million, he said this morning at a press conference.
Modern liberalism works in a simple but effective manner: liberals Find Problems.
The legislation to help those affected by Hurricane Sandy has been turned into a mini auto bailout, with the Obama administration's request. The request includes millions of dollars worth of cars, to be paid for by the federal government.
Legendary actor Gerard Depardieu is to give up his French passport in protest at huge tax hikes imposed by the country's Government. Depardieu, 63, star of films including Green Card and Cyrano de Bergerac, is furious at French President Francois Hol
A split developing between House Republican leaders and Senate counterparts who are increasingly open to extending the expiring Bush-era tax cuts only for the middle class is adding to pressure on Speaker Boehner to cut a deficit reduction deal with
Revising a 19th-century US law that governs the mining of gold and other precious metals could add billions of dollars to federal coffers, according to Democratic lawmakers. Taxpayers receive no royalties on metals pulled from federal land,
As the clock ticks toward a tax hike on all Americans in 20 days, President Obama predicted Republicans would join Democrats to extend current rates for 98 percent of earners before the end of the year.
Every year average Americans pay dozens of different types of taxes, and yet many of our politicians are very open about the fact that they want to raise rates even higher and invent even more ways to bleed us all dry.
Host:
Ernest Hancock
Randall Wray (Professor, Economics, University of Missouri-Kansas City and author) on "Cliff" Part of Ploy to Target Social Security and Medicare - Scott Horton on war and foreign policy - Gene Kernon on Federal Tax Issues
According to one former member of the White House Climate Change Task Force under President Clinton, President Obama may have plans to implement a carbon tax as soon as the fiscal cliff negotiations are settled.
After the tax hikes go into effect, more than half of my total income is going to the government. What's fair about that when I'm paying half? I don't care what the majority voted to do, they don't have a right to steal my money just because they vot
Authorities in New York announced on Thursday that they were forced to take “strong enforcement measures” and arrest actor and conservative activist Stephen Baldwin for failing to file his 2008, 2009 and 2010 tax returns.
Thanks to passage of Proposition 30 last month, high-income Californians would pay the nation's highest marginal income tax rates -- 52%-- if President Barack Obama and Congress fail to make a deal to avoid the so-called "fiscal cliff,"
Today the twin fake memes of a "Fiscal Cliff" and "Austerity" are combining to create a contrived excuse to tax and steal far more of your wealth and income, including your retirement benefits.
With less than 30 days to go until the deadline to reach a deal on the fiscal cliff...
On the table in today’s political debate is the concept of raising taxes on some, or even all Americans (should the fiscal cliff kick in).
The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 healthcare reform law.
Taxes on earnings, investment income, sales and a few other things have gone up already in many countries, and further increases are possible, including a huge one in the United States. Another source of unease and doubt for taxpayers is a trend
House Republican leaders endorsed a far-reaching plan Monday to rein in the national debt that would raise $800 billion in new tax revenue, slice $600 billion from federal health programs and apply a stingier measure of inflation to Social Security b
As the GOP grapples with the new post-election reality of budget negotiations, Republicans have started to distance themselves from Americans For Tax Reform founder Grover Norquist, the anti-tax crusader behind the GOP's "No New Taxes" pledge.
A major story in Friday's New York Times confirmed something that most Americans understand, which is that today's tax rates are low compared with tax rates in the early 1980s.
Republicans and Taxes
A tax break that has long been untouchable could soon be in for some serious scrutiny.
