The White House says President Barack Obama would veto a Republican bill renewing a payroll tax cut next year, complaining that the legislation forces middle-class families to pay for the measure without asking the rich to contribute.
Following the GOP debate that nearly the whole world watched on Saturday night, the president on Sunday made it very clear that he will not back off his class-warfare vision in the coming year.
At face value, it seems like an easy, albeit creative way to pay for the extension of the payroll tax cut. Raise the fees that banks pay mortgage giants Fannie Mae and Freddie Mac to guarantee home loans.
With 401(k)s, IRAs, Roth IRAs, and Social Security benefits, seniors have plenty to figure out when it comes to paying Uncle Sam.
After years of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound. In some metropolitan areas, the market has clearly bottomed, with sales and prices rising and foreclosures declining.
In its latest executive action, the White House announced new steps Thursday to spur startup businesses and help them access $2 billion in resources.
The change partly reflects demographics but also government cost-cutting that has resulted in less generous pay and benefits, the New York Times reports.
Few, if any, politicians like to raise taxes, and those who do often pay dearly for it. Raising taxes, however, is sometimes a necessity evil, because there is simly no other way to increase revenue or reduce a deficit. What do you think?
Worries about municipal bond issue defaults have been overblown, obscuring the investment advantages of a once trusted debt instrument.
Taxpayers looking for ways to trim their 2011 tax bill, or simply to avoid unpleasant surprises when they file their returns, have a few weeks to make potentially helpful, money-saving moves.
There's nothing like taxes to start an argument. Though virtually everyone thinks they are too high in general, there's little agreement on what's fair for one group versus another.
Personal income taxes are likely to rise as lawmakers grapple with the country’s deficit. That's why some investors are opting for Roth IRAs and betting on paying a lower tax rate now. Not so fast, experts say.
You don’t have to be Warren Buffett to leave money to your family in trusts. There are tools to assist those with even modest wealth to reduce tax exposure, and protect and transfer assets.
If you're weary of focusing on holiday gifts and company parties, you may want to give some attention to another end-of-year ritual: tax-planning.
After struggling all year for an economic message that resonates broadly with Americans in hard times, President Obama and Congressional Democrats have settled on one they believe can carry through next year’s election as they use a fight over payroll taxes to portray Republicans as defenders of the wealthy at the expense of the middle class. The New York Times reports.
The deficit-reduction super committee failed to go big or even small. But it did succeed in conducting virtually all of its negotiations in private.
Instead of a super tax hike from the super committee, a much better option for the economy and budget-cutting credibility would be to implement plan B, which is the automatic spending-cut trigger known as sequestration.
Congress has sent President Barack Obama a bipartisan spending bill that averts a federal shutdown, but widespread Republican defections underscore rifts between the party's conservatives and pragmatists.
The government's mortgage insurer is coming dangerously close to holding no excess cash reserves for loan losses.
The SNL sketch spoofed CNBC's Republican candidates debate last week. You know, the one that highlighted three candidates: Mitt Romney, Herman Cain, and...uh...oops.