On a sunny February morning at the Los Angeles Athletic Club, Jerry Brown’s cup of black coffee was getting cold. When a …
Taxes
Mitt Romney Releases Tax Returns, Paid Lower Taxes
Pop quiz. How are these three facts related?
–Warren Buffett’s secretary will sit nearby Michelle Obama at tonight’s State of The Union Address.
–Oscar nominations were announced at 5:30 a.m. PST Tuesday.
–Mitt …
Newt Gingrich Would Eliminate Federal Income Tax for Mitt Romney
The tax proposals of Newt Gingrich could yield a windfall in tax savings, both for himself and his primary opponent, Mitt Romney, if they were enacted into law, according to a new analysis by the liberal group Citizens For Tax Justice.
Are Congressional Republicans Caving on Tax Hikes?*
Are Republicans caving on tax hikes? The short answer is no. But the more nuanced answer is that there’s been some significant movement.
No one has been talking about tax hikes per se. Allowing George W. Bush’s 2001 tax cuts to expire simply returns taxation to previous levels, and no one, Republican or Democrat, has proposed going …
Q&A: Bill Clinton’s Vision for ‘A Smart Government and a Strong Economy’
Bill Clinton, the 42nd President of the United States, spoke with TIME’s Rick Stengel about his new book, Back to Work, and how to fix the economy. Excerpts from that conversation follow.
What Mitt Romney’s Fiscal Plan Says About GOP Tax Cut Mania
Dick Cheney was once memorably quoted as declaring, during a Bush White House debate about tax cuts, “deficits don’t matter.” In the telling, Cheney insisted that Ronald Reagan had proven the axiom by overseeing a huge expansion …
Reality Check: The Cain Train Is Going to Wreck
Herman Cain seemed to enjoy his turn auditioning for the role of Mitt Romney’s chief foil Tuesday night. Luxuriating at the center of the table thanks to surging poll numbers, he basked in the attention of his rivals as every …
What Mitt Romney Has to Lose–and Obama Has to Gain–from the ‘Buffett Rule’
When Barack Obama talks about taxes these days, he likes to talk about Omaha billionaire Warren Buffett’s secretary. “Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” Obama announced …
Dave Camp Cashes in on Super Committee Assignment
Tax reform, you will soon hear, can be good for everybody. But few will benefit more than those who write the legislation. On the same day that House Ways and Means Chairman Dave Camp, R-Mich., got picked to join the 12-member Congressional super-committee that is charged with deciding the country’s spending and taxation fate, his …
Obama and Boehner Close to a Debt Deal, Sources Say
President Obama and House Speaker John Boehner are close to a deal to cut the deficit and raise the federal borrowing limit, congressional sources say.
Though both sides deny a deal is imminent, congressional Democrats who …
Fiscal Reality: The Problem Isn’t Just Government Spending
In the ArenaViewpoint
Obama Bound
Mike Gerson has a pretty smart column in the Washington Post today about the President’s political dilemma, given the current economic doldrums. Gerson starts with the coincidence of Obama’s visit to a Jeep plant in Toledo, Ohio, …
Debt-Ceiling Kabuki
House Majority Leader Eric Cantor and No. 2 Senate Republican Jon Kyl want you to know they are taking a principled stand. They are against raising taxes. They will not recommend to their conferences that taxes be raised. They …
