Debt Talks Collapse on Taxes
Led by House Speaker John Boehner, Republicans say they won't allow for any tax increases to offset spending in the $4 trillion "grand bargain" proposed by President Obama.
New Year Will Likely Include New Tax Scheme
At press time in mid-December, all odds were in favor of both the House and Senate passing the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
Obama Tax Cut Bill Clears Key Senate Vote
The Senate passed, 83-15, in a procedural vote on Monday President Obama's compromise tax bill, which extends the Bush-era tax rates for two years and extends unemployment benefits for 13 months. The final vote on the bill in the Senate is expected on Dec. 14.
President Obama, Lawmakers Meet on Bush Tax Cuts
In a one-hour meeting with congressional leaders, Republicans declared "steadfast opposition" to any increase in taxes following the Bush-era tax cuts' expiration.
Gauging the Impact of Obama’s Proposed Tax Plan: Part II
On the middle-class tax cut extension, Tim Speiss, partner and chairman of EisnerAmper Personal Wealth Advisors, said, "Right now, 98% of taxpayers are under the $250,000. You basically wo
Gauging the Impact of Obama's Proposed Tax Plan: Part II
Will extension of the middle class tax cuts prove a stimulus?
Gauging the Impact of Obama’s Proposed Tax Plan: Part I
President Barack Obama's tax proposal is changing the debate in Washington about corporate and personal taxes. Reaction is, so far, less partisan (though still very partisan) than much that has taken place in Washington since Obama took office in 2009.
GOP Leader Says He Might Agree to Obama Tax Cuts
On September 12, House Minority Leader John Boehner (R-Ohio) said he would vote for a tax cut solely for the middle class if that were his only option. But as the Senate returned to work Monday,
Gauging the Impact of Obama's Proposed Tax Plan: Part I
Would corporate write-offs for 'plants and equipment' boost the economy?
As Congress Returns, McConnell Rejects Obama Tax Cut Plan
As the Senate returned to work Monday, September 13, Senate Minority Leader Mitch McConnell (R-Kentucky) basically squashed any possibility for debate and said that no Republican would support a tax cut package that doesn't include the wealthy as well.