*Lexus imports cars from Japan for China market. Unlike German peers Audi, Volkswagen AG's luxury division and BMW, Lexus imports all of its vehicles sold in China, from Japan. But high tariffs charged on imported cars make it hard to generate volume and last year, Lexus sold around a seventh of Audi's tally and a fifth of what BMW sold in China.» Read More
The state has $8B in unpaid bills and obligations. Insight on what Illinois is doing to fight debt, with Dan Rutherford, (R) Illinois state treasurer.
The President is trying to win public approval and blame Republicans for wanting to raise the debt ceiling, says Jonathan Allen, Politico senior congressional reporter.
President Obama says he is against a short-term debt limit deal. "We're going to do what's best for the economy," he says.
Debating whether it's fair to tax the wealthiest Americans, including hedge fund managers, with Andrew Stoltmann, Stoltmann Law Offices, and Tom Curran, Peckar & Abramson. "Raising taxes on hedge fund managers kills economic activity," says Curran.
Are hedge funds paying their fair share of taxes? One powerful senator doesn't believe they are giving Uncle Sam his fair share. John Carney, CNBC.com frames the debate.
CNBC's John Harwood with the latest details on U.S. budget talks in Washington and whether tax increases are on the table, and Jeffrey Gundlach, DoubleLine Capital CEO.
Last Thursday, Senator Carl Levin called the tax treatment of carried interest “the unconscionable tax break given to hedge-fund managers.” But the notion that taxation of carried interest is an “unconscionable tax break” is the moral equivalent of a vampire going down in flames the moment it is exposed to the light of thought.
Discussing his presidential bid and how he plans to create jobs and keep America growing, with former Sen. Rick Santorum, (R-PA).
The troubled periphery of the euro zone and the global economy will affect yields of US bonds more than the official end of the latest round of money-printing by the Federal Reserve, analysts told CNBC.
Discussing the Empire State's budget and political problems, and how to fix them, with former Gov. David Paterson (D-NY).
Discussing what makes the Old Dominion state work so well, and what federal lawmakers can learn from it, with former Gov. Douglas Wilder, (D-VA), and former Gov. James Gilmore, (R-VA).
During a discussion over forward planning at CNBC’s London offices on Thursday our Assignments Editor told me we have been on 103 outside broadcasts in Europe and the Middle East alone in the first half of the year.
A late rally for stocks this week helped stock investors end the first half of 2011 with gains. The Dow finished the first half higher by 7.2 percent following a small positive gain for the second quarter due to a late June rally.
The U.S. tax code is "absolutely broken" and the only way to fix it is to spread the burden to lower- and middle-income earners, Scott Hodge, president of the Tax Foundation, told CNBC Thursday.
Just one in every four American homes pays 86% of all federal income taxes. So how can the US repair the tax system? Scott Hodge, Tax Foundation, and CNBC's Herb Greenberg discuss.
Debating whether it makes sense to tax the wealthiest Americans, with Christian Weller, Center for American Progress, and Daniel Mitchell, CATO Institute.
Weighing in on a $99 million ATM receipt, and whether it's a good idea to tax hedge funds, with Leon Cooperman, Omega Advisors chairman/CEO.
Yesterday, President Barack Obama proposed killing a quirk of the tax code that allows managers of hedge funds to pay lower tax rates on a substantial portion of their compensation. Unfortunately, the tax hike is unlikely to do very much to close the federal government’s budget deficit.
Are Obama's plans to close loopholes, let tax breaks expire and increase taxes on the wealthy job-killing measures? Discussing whether higher taxes can help cut the deficit, with Ben Ferguson, ICON Radio Network, and Greg Valliere, Potomac Research Group.
Is it fair to tax corporate jets? A look at the impact of taxing corporate jets on the companies that sell or lease those planes, with Jay Duckson, Central Business Jets, Inc.
Get the best of CNBC in your inbox