CNBC's Jane Wells reads the fine print of the Congressional Budget Office report and reveals the CBO broke the country into five tiers of wage earners. The top 20 percent pay nearly 93 percent of all income taxes, according to the report. At the same time, their incomes are growing far faster than everyone else.» Read More
If you get most of your income from investments, then you've made out quite well in this "fiscal cliff" deal, reports CNBC's Robert Frank.
You would think that the country's tax burden is suddenly astronomically high, that U.S. citizens are being forced to fork over more money to the government than ever before. The truth is the opposite.
CNBC's Rick Santelli and Daniel Stecich, TJM Institutional Services, discusses why last night's vote on the "fiscal cliff' did not bring a victory for either side of the political aisle.
Rep. Vern Buchanan, (R-FL), explains why he supported the "fiscal cliff" bill and considers it a tax cut for most Americans.
CNBC's Diana Olick reports housing stocks are up on two big tax breaks in the "fiscal cliff" deal passed last night in the House.
The "Squawk on the Street" crew report on today's market-moving stories, including an update on the fiscal cliff deal struck by lawmakers last night.
Sen. John Barrasso, (R-WY), discusses why there is a battle brewing over the debt ceiling, now that Congress has "kicked the can".
Sen. Bob Corker, (R-TN), explains why he is "livid" Congress passed the "fiscal cliff" bill.
While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.
James Paulsen, Wells Capital Management, provides an outlook on the markets after last night's House vote to avert the "fiscal cliff."
CNBC's Steve Liesman explains how last night's House vote on averting the "fiscal cliff" will impact the U.S. economy.
Doug Dachille, First Principles Capital Management CEO & CIO, discusses how the latest "fiscal cliff" deal will impact investors in the coming year.
Alexander Young, S&P Capital IQ, discusses the Street's reaction to the "fiscal cliff" deal struck by Congress and its impact on the markets and individuals.
Ken Kamen, president of Mercadien Asset Management, tells CNBC that the fiscal cliff deal benefits investors by giving a lot more certainty around the tax code.
Republican Sen. Bob Corker told CNBC on Wednesday that voting for the deal to avoid the "fiscal cliff" was like "eating a you know what sandwich."
CNBC's John Harwood breaks down the details of a "fiscal cliff" bill passed by the House last night that extends Bush-era tax cuts for individuals.
Warmer temperatures mean soon you may have to pay more for your favorite Bordeaux — if you can find it, the Global Post reports.
President Obama addresses the successful effort to avoid the worst of the "fiscal cliff," as well as what still needs to be done. He says Washington still needs to get together to cut spending in the coming year, hopefully, with "less drama."
The United States averted economic calamity on Tuesday when lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession.
Should the Republicans support the proposed "fiscal cliff" bill? Keith Boykin, Former Clinton White House Aide; Larry Elder, author and radio talk show host; and Roger Stone, Republican Strategist, share their opinions.