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New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.
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Emboldened by gains in Congress, Democrats appear less willing to compromise in “fiscal cliff" talks on cuts to entitlement programs like Medicare and Social Security, The New York Times reports.
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Younger Americans' political views are more in line with the Democratic Party on key issues, according to a new research, widening further from their older counterparts.
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With Congress returning from Thanksgiving, here’s the good news for those looking to avoid the “fiscal cliff”: Members of both parties do agree on one LARGE point — taxes for the wealthy should go up.
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"The Pledge"and its creator, anti-tax crusader lobbyist Grover Norquist, have never faced a test as they do now. Some GOP pledge signers say they want out, The New York Times reports.
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President Barack Obama backer explains that the solution to the "fiscal cliff" should not rely solely on pressing the wealthy.
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The Republicans’ majority in the House means they have a mandate to not raise taxes, Grover Norquist, president of Americans for Tax Reform, told CNBC’s “Squawk on the Street” on Thursday.
