Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
Obama Deficit Plan Includes $1.5 Trillion in Tax Hikes on Wealthy
By Melanie WaddellPresident Barack Obama announced Monday his plan to reduce the deficit by more than $3 trillion over the next decade, including $1.5 trillion in tax increases for the wealthy.
August 17, 2011
Congress’ Deficit Panel Talks Echo Fraught 1990 Budget Deal: News AnalysisDemocrats on the Super Committee charged with proposing $1.5 trillion in deficit reduction are citing as precedent a 1990 budget deal that raised taxes but may have doomed President George H.W. Bush's re-election prospects.
August 03, 2011
Debt Bill Plan: Sweeping Tax Reform AheadCongress has just months under the new debt ceiling law to come up with further deficit reductions. A new report suggests legislators will achieve their goals through sweeping tax reform, since the parties are far apart on the question of spending restraint versus tax hikes.
August 01, 2011
Debt Ceiling Deal Reached; Senate, House to Vote on MondayThe proposed deal would raise the debt ceiling now and through 2012, cut domestic and military spending over next 10 years.
June 17, 2011
IMF Cuts U.S. Growth Estimate, Compares Debt Woes With GreeceIn its bimonthly World Economic Outlook, the IMF revised downward its estimate of U.S. GDP for 2011, and IMF official Jose Vinals said America's debt problems were on par with Greece, Ireland and Japan.
June 17, 2011
The Facts and the Options--Pro and Con--for U.S. Corporate Tax ReformEverbody’s talking overhauling the U.S. corporate tax system. Here are some facts and comparisons on how U.S. multinationals are taxed, and Congressional action.