Tag: taxes
Paul Ryan continues tradition of talking tough about the size of government
As chairman of the House Budget Committee, Wisconsin Rep. Paul Ryan is perhaps best known for his austerity-driven budget proposal. By choosing Ryan as his running mate, Mitt Romney has signaled his commitment to reducing the size of government. But will tough talk be enough for them to win the election?...
Proposed tax hikes in France strike a nerve with top earners
French President Francois Hollande has called for a 75 percent income tax on top earners in France to help lower the country's deficit. The hope is to stave off contagion from other faltering euro zone countries, but the proposal has received harsh criticism from France's business class....
Republicans, Democrats doing electoral calculus in determining support for taxes, healthcare
Conventional wisdom said votes to extend some of the Bush-era tax cuts and to repeal the healthcare reform bill will fall along party lines, and they still may. But with election just months away, elected officials are plugging numbers into a more detailed equation to figure out how to cast their vote....
Obama pushes to extend some Bush-era tax cuts
President Obama is pushing for a one-year extension of Bush-era tax cuts for middle class families. But by drawing the line at households that make more than $250,000 a year, he set the stage for another clash with Republicans who favor an extension of tax cuts for wealthier Americans. ...
Grassroots movement afoot in Canada to raise taxes on top earners
As American political leaders debate ways to cut taxes, in Canada there's a different effort underway. A group of wealthy doctors are among a growing group of people calling for increased taxes on the top 10 percent of income earners as a way to fund Canadian programs and infrastructure....
Political battle heats up over student loans
The struggle to pay back student loans has become the latest election year showdown. Both Republicans and Democrats are vowing to prevent interest rates from doubling in July, but they clash over where the money to pay for that change should come from. ...
Obama campaign moves to make so-called Buffett Rule major campaign issue
President Barack Obama brought his message of "shared sacrifice" to Florida Tuesday, where he argued that passing a tax code change requiring the wealthiest of Americans to pay an effective tax rate of at least 30 percent. The Romney campaign blasts the idea and points out Obama is the first candidate in recent memory to campaign on raising taxes....
American privilege comes with a cost -- but is it too high?
Treasury Secretary Timothy Geithner made what some have called an outrageous claim about the roles of American citizens and their government, in calling for the most fortunate Americans to bear the burden of the privilege of being an American by paying higher taxes. Is it a privilege to be an American? And if so … what does that privilege cost?...Congress sends unemployment, payroll tax cut extension to President Obama's desk
After a couple months of wrangling, Congress has sent a bill to President Obama that extends through the end of the year payroll tax cuts, unemployment benefits and a fix in reimbursement rates for doctors doing work on Medicare patients....
Government waste and fraud watchdog set for big budget cut
As President Barack Obama prepares to release his proposed budget for the next fiscal year, which starts Oct. 1, the Government Accountability Office is expected to take a hit that will reduce its head count to the lowest level in 75 years. The G.A.O. is responsible for investigating fraud and wastes of government money....
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