Are You Ready for Taxmaggedon?
A combination of spending cuts and tax increases could bring the economy to its knees at the end of 2012.
A combination of spending cuts and tax increases could bring the economy to its knees at the end of 2012.
AP | JIM KUHNHENN | Posted 04.20.2012
WASHINGTON — The Obama administration is looking for states to experiment with unemployment insurance by letting people test a job while receivi...
AP | JIM ABRAMS | Posted 04.05.2012
WASHINGTON — IRS commissioner Douglas Shulman warned Thursday of a disastrous tax filing season next year if Congress puts off dealing with tax ...
Christopher Bergin | Posted 06.02.2012
If Congress and the president do nothing about our tax system between now and the end of the year, here are just a few things in the tax law that will blow up.
Robert Kuttner | Posted 06.01.2012
With the economy just barely on a path to durable recovery, some very dumb fiscal chickens are coming home to roost on January 1 of next year. This grim coincidence is known as the Triple Witching Hour.
Christopher Bergin | Posted 05.26.2012
Politicians are counting on the fact that the American public wants instant gratification and is more concerned about today than the potential long-term solvency of Social Security or the bill we are leaving our children and grandchildren to pay.
HuffingtonPost.com | Michael McAuliff | Posted 03.02.2012
WASHINGTON -- Congressional Democrats predict Republicans are headed for another train wreck in the House over the stalled transportation bill. The...
The Huffington Post | Harry Bradford | Posted 02.24.2012
Even with gas prices on the rise, it's rare Americans get to see them spike right before their very eyes. But that's exactly what happened Wednesd...
J.H. Snider | Posted 04.24.2012
Unmentioned is that the payroll-tax cut bill, by bipartisan agreement, sets in motion a much larger transfer of public assets to the top 1%.
Rep. Charles Rangel | Posted 04.23.2012
Since President Franklin Delano Roosevelt signed the historic Social Security Act of 1935, unemployment insurance has kept American families from falling into poverty. Seventy seven years later, this vital lifeline for unemployment insurance recipients continues to be weakened.
AP | By MARK S. SMITH | Posted 04.23.2012
WASHINGTON -- President Barack Obama signed the payroll tax cut extension into law Wednesday, notching an election-year victory and rare bipartisan ag...
AP | By JULIE PACE | Posted 04.22.2012
WASHINGTON -- Relishing a political victory, President Barack Obama said Tuesday that Congress "did the right thing" by extending payroll tax cuts for...
Leo W. Gerard | Posted 04.21.2012
In a presidential election year, Boehner & Co. surrendered to a simple calculus: the 99 percent has something that the 1 percent doesn't -- more votes. Way more.
AP | By ALAN FRAM | Posted 02.18.2012
WASHINGTON -- Bruised from the payroll tax cut brawl, congressional Republicans want to change the subject and push legislation they say would create ...
AP | By ANDREW TAYLOR | Posted 02.18.2012
WASHINGTON -- The $143 billion payroll tax cut won by President Barack Obama may be the last significant measure he receives from a deeply divided Con...
HuffingtonPost.com | Jason Linkins | Posted 02.20.2012
As you know, the White House's pursuit of a payroll tax cut extension, which many believed (based on their observation of how Washington has been work...
Michael Farr | Posted 04.18.2012
It likely means that investors will eventually get what they want yet again. Sometime down the road, while it may not be at the next couple of meetings, the Fed will likely implement QE3. But it has to end somewhere. So what are we to make of the divergent opinions within the Fed?
HuffingtonPost.com | Michael McAuliff | Posted 04.18.2012
WASHINGTON -- Congress passed the extension of the payroll tax holiday Friday, voting overwhelmingly to continue the 2 percent break and extend emerge...
Pearl Korn | Posted 04.18.2012
Of course, Boehner and McConnell and their cronies are already crying "foul" that the budget is all election year pandering by the president without a snowball's chance of being passed, since not enough is being offered to reduce the deficit. All smoke and mirrors and accounting tricks is their numbing refrain.
HuffingtonPost.com | Michael McAuliff | Posted 02.20.2012
WASHINGTON -- Sen. Tom Harkin slammed his own president and party for hatching the payroll tax cut deal that is expected to pass Congress Friday, sayi...
HuffingtonPost.com | Michael McAuliff | Posted 02.17.2012
WASHINGTON -- Lawmakers signed off on the final details of the bill to extend a payroll tax cut and unemployment benefits Thursday, likely clearing th...
HuffingtonPost.com | Michael McAuliff | Posted 02.16.2012
WASHINGTON -- The pending extension of the popular payroll tax holiday may have been a debacle for most Republicans in Congress, but it could be seen ...
AP | ANDREW TAYLOR | Posted 04.17.2012
WASHINGTON — Capitol Hill negotiators Thursday officially unveiled hard-fought compromise legislation to prevent 160 million workers from gettin...
HuffingtonPost.com | Michael McAuliff | Posted 04.16.2012
WASHINGTON -- Congressional negotiators reached a final deal to extend the popular payroll tax cut for the rest of the year, with Republicans agreeing...
HuffingtonPost.com | Michael McAuliff | Posted 04.16.2012
WASHINGTON -- Congressional negotiators reached a final deal to extend the popular payroll tax cut for the rest of the year, with Republicans agreeing...
Martin Sullivan | Posted 05.24.2012