On a sunny February morning at the Los Angeles Athletic Club, Jerry Brown’s cup of black coffee was getting cold. When a concerned waitress in the club restaurant poured him a fresh cup and offered to clear the original one, the governor of California declined. “That’s alright. I’ll drink both of them,” he said in a deep, raspy voice. “We don’t want to waste it.”
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 Romney has released more than 500 pages of his tax returns. Stumped? The answer:
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 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 [...]
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.
The GOP is fixated on tax cuts even though they increase the deficit and necessitate politically-toxic spending cuts. To a large degree, the 2012 election will hinge on how Republicans resolve that tension.
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 exchange seemed to come back to his signature 9-9-9 tax plan. It’s a good thing [...]
When Barack Obama talks about taxes these days, he likes to talk about Warren Buffett’s secretary. “Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” Obama announced last month. “Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett.” But if Mitt Romney is able to clinch the Republican nomination fnext spring, Obama will have a better example to talk about.
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 [...]
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 have been briefed on the proposal are voicing concerns that Obama would be conceding too much to Republicans in [...]
