When it comes to earmarks—lawmakers spending on their pet projects—Congress has gone on a diet. Earmarks have declined 10.2 percent in the 2009 fiscal year.
The revolving door between Washington and Wall Street is an oft-noticed phenomenon here, but in recent years, the migration from Congress to the financial services firms that are trying to stave off greater federal regulation has become more pronounced. The NYT reports.
"There are so many taxes, I have three different tax attorneys that have to advise me on them." Good for tax attorneys. But not good for so many others.
In the spirit of tax week, here's a terrific video hosted by my old friend Dan Mitchell showing how a flat tax would benefit American families and businesses.
California officials say former "Baywatch" star Pamela Anderson has failed to pay $493,000 in personal income tax. Anderson is on the annual list of delinquent taxpayers released Monday by the California Franchise Tax Board.
The number of new tax laws in recent years has been staggering. In 2009 alone, the American Recovery and Reinvestment Act added hundreds of new provisions and changed many existing laws...And we haven't even begun to mention tax law changes affecting businesses.
The government’s surging deficit can be cut, easy. Getting it done? Almost impossible. Economic recovery and the end to stimulus spending will do the heavy lifting in Treasury's plan to slash the deficit.
Avon Products has put four executives on administrative leave, including three in China and one in New York, as part of an investigation of bribery allegations.
I want a different regime. I’m calling it cowboy monetarism. What do I mean by that? I want Wall Street to be scared to death of the Federal Reserve. I don’t want them lying around in bed with the Fed — I want them running scared.
Sometimes you have to take out your political lenses and look at the actual statistics to get a true picture of the health of the American economy. Right now, those statistics are saying a modest cyclical rebound following a very deep downturn could actually be turning into a full-fledged, V-shaped, recovery boom between now and year-end.
...Is fear itself. Fear may be the single biggest obstacle holding back this stock market from the rise it truly deserves.
He may very well be the greatest central banker of all time. But with all due respect, Volcker’s call this week for a European-style VAT (as well as a carbon tax) is itself a historic mistake.
First-term Rep. Betsy Markey is convinced that once people learn what's in President Barack Obama's new health care overhaul law, they'll support it. But it's not a message she was eager to carry in person to her constituents in Republican-leaning eastern Colorado.
Kentucky officials have opened a new front in the fight against internet poker, suing the owners of Full Tilt Poker, the US-oriented gambling site, to recover five years’ of losses by residents of the state.
A recent U.S. Supreme Court ruling offers investors no help in combatting excessive mutual fund fees. And shareholders advocates say the ruling may spark a new round of litigation.
A flaw in the most recent version of TurboTax, the nation’s most popular tax-preparation software, may have caused thousands of retired federal employees to overstate their medical deductions and unwittingly underpay the Internal Revenue Service, reports the New York Times.
The businessman behind Cabbage Patch dolls and his wife have snatched up Bernard Madoff's Upper East Side penthouse.
The message from the Secretary of Transportation is clear: If he could, he would fine Toyota more than the proposed $16.4 million the Feds are seeking for the automaker failing to alert the government quickly enough about defective gas pedals.
As I was reporting the announcement of the Department of Transportation's fine against Toyota of $16.4 million, I kept thinking of the star athlete who makes gobs of money and is fined by the commissioner of the league for breaking a rule.
A panel investigating the roots of the financial crisis will press current and former executives of Citigroup at hearings this week about the bank's role in spreading trillions of dollars in risky mortgage debt through the banking system.