Tax Hikes

Government Squabbling Could Push The U.S. Into Recession, CBO Says

Reuters | Posted 05.23.2012

Read More: Organization for Economic Cooperation and Development, Video, Cbo, House of Representatives Speaker John Boehner, Spending Cuts, Reuters, Fiscal Cliff, Tax Hikes, President George W. Bush, Congressional Budget Office, Recession, Business News

* Fiscal restraint in 2013 could lead to contraction-CBO * No restraint over long run not sustainable-CBO By Lucia Mutik...

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'Spain Is Going To Stop Being A Problem'

AP | The Associated Press | Posted 05.30.2012

Read More: Prime Minister Mariano Rajoy, European Debt Crisis, Video, Economy Minister Luis De Guindos, Spending Cuts, Wages, Greece Debt Crisis, European Union, Euro Zone, Spain, Austerity Budget, Olli Rehn, Tax Hikes, Copenhagen, Euro, Business News

THE PLAN: Spain's new conservative government has unveiled a (EURO)27 billion ($36 billion) deficit-reduction package that it hopes will convince its ...

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CEOs Embrace Tax Hike Plans Rejected By Paul Ryan

HuffingtonPost.com | Zach Carter | Posted 03.08.2012

WASHINGTON -- A powerful coalition of corporate executives on Wednesday praised a deficit reduction plan that has long been maligned by GOP leaders fo...

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Italy Approves Austerity Budget, Stymieing Crisis

Posted 12.22.2011

Read More: European Debt Crisis, Debt, Video, Parliament, Silvio Berlusconi, Italian Premier Mario Monti, Italy, Chamber of Deputies, Tax Hikes, Austerity, Business News

ROME — Italian Premier Mario Monti easily won a vote of confidence in the Senate on Thursday, signaling parliamentary approval of the government's e...

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The Tax Hike Both Parties Support

HuffingtonPost.com | Alice Hines | Posted 12.01.2011

Read More: Ebay, Taxes, Marketplace Fairness Act, John Conyers, Internet, Congress, State Governments, Overstock, Tax Loopholes, Municipal Bankruptcies, State Budget Deficits, State Taxes, Online Shopping, Tax Hikes, Amazon, Business News

State governments, pushed to the brink of default, may finally get their way in a battle with Amazon.com. At a congressional hearing Wednesday, repres...

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99 Percenters Hurt More By Austerity Measures Than The 1 Percent: Study

The Huffington Post | Jillian Berman | Posted 01.23.2012

Read More: Austerity Budgets, Video, Super Committee, One Percent, Income Inequality, Budget Cuts, Spending Cuts, Business News, Tax Hikes, Wealth Gap, Business News

Government belt tightening hurts the budgets of the 99 percent more than those of top earners, a recent study finds. Income inequality rises when ...

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Why Are Many U.S. Mayors Saying They Feel Like 'Bad Guys'?

Posted 11.22.2011

Read More: Video, Housing Bust, Housing Market, Labor Market, Budget Gaps, National League of Cities, Reader's Digest, Tax Hikes, Budget Crises, Housing Crisis, Mayors, Business News

Mayors of U.S. cities and towns feel they are being cast as the "bad guys" as they attempt to address budget crises, often through tax hikes and s...

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Democrats Reportedly Want Tax Hikes To Be First Item Negotiated By Super Congress

Reuters | Richard Cowan and Tim Reid | Posted 11.30.2011

Read More: Taxes, Super Congress, Deficit, Video, Super Committee, Super Congress Taxes, Deficit Reduction, Super Congress Talks, Democrats, Tax Hikes, Super Committee Talks, Republicans, Politics News

By Richard Cowan and Tim Reid WASHINGTON (Reuters) - Democrats want tax hikes to be the first item negotiated in "super committee" deficit-reductio...

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Americans Guess Over Half Of Federal Tax Dollars Are Wasted: Gallup

The Huffington Post | Harry Bradford | Posted 11.20.2011

Read More: State Government, Deficit Reduction Plan, President Barack Obama, Tax Cuts, Democrats, Federal Spending, Tax Hikes, Gallup, Local Government, Republicans, Video, Business News

Never in recorded history have Americans been more distrustful of how the U.S. government spends its money. According to a new Gallup poll, Americ...

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Mark Cuban: The 'Most Patriotic Thing' The Rich Can Do Is Pay 'Lots Of Taxes'

The Huffington Post | Posted 11.19.2011

Read More: Taxes, Obama Deficit Reduction, Obama Buffett Rule, Wealthy, Money, Taxing the Rich, President Barack Obama, Dallas Mavericks, Tax Hikes, Barack Obama, Buffett Rule, Mark Cuban Dallas Mavericks, Mark Cuban, Mavericks, Obama Taxes, Tax Increases, Politics News

Mark Cuban, owner of the Dallas Mavericks, said wealthy Americans should pay "lots of taxes" in a post on his blog on Monday. Titled "The Most Patr...

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GOP Congressman Says He Makes Just $400,000, Can't Afford Tax Hike

Posted 11.19.2011

Read More: Taxes, John Fleming, Rep. John Fleming, President Barack Obama, Jobs, Deficit Reduction, Barack Obama Taxes, Tax Hikes, Barack Obama, Buffett Rule, Obama Jobs, Video, 112th Congress, Warren Buffett, Obama Tax Increases, Politics News

Rep. John Fleming (R-La.) appeared on MSNBC Monday morning to express opposition to President Barack Obama's deficit reduction plan, which includes a ...

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Paul Ryan, Herman Cain Push For Tax Hikes On Middle Class

HuffingtonPost.com | Ryan Grim | Posted 11.18.2011

Read More: Bill Clinton, Video, Middle Class Tax Cuts, Herman Cain, Elections 2012, Tax the Rich, Tax Hikes, Paul Ryan, Tax Increases, Bush Tax Cuts, Politics News

WASHINGTON -- Rep. Paul Ryan (R-Wis.) said on Sunday that House Republicans would oppose President Barack Obama's payroll tax cuts for both employers ...

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IMF Report: Austerity Measures Hurt Income, Makes Unemployment Worse

The Huffington Post | Alexander Eichler | Posted 11.13.2011

Read More: Taxes, Unemployment, Household Spending, Long-Term Unemployment, International Monetary Fund, Government Spending, Christine Lagarde, Imf, Austerity Measures, Tax Hikes, Income, Austerity, Video, Business News

The problem of runaway national debt is real. But cutting government spending too quickly will do more harm than good, according to a new paper from t...

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What's Your Idea For Solving The U.S. Unemployment Crisis?

The Huffington Post | Harry Bradford | Posted 11.01.2011

Read More: White House, Infrastructure, Newsweek, President Bill Clinton, Jobs Crisis, Congress, Unemployment, President Barack Obama, World War II, Tax Hikes, Arianna Huffington, Progessive Groups, Business News

Nearly three years into Barack Obama's presidency, major solutions to the jobs crisis appear to be in as short supply as the jobs themselves. Do yo...

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GOP Rep: Obama Riding In 'Darth Vader Bus'

Huffington Post | Paige Lavender | Posted 10.17.2011

Read More: Star Wars, Economy, President Barack Obama, Rep. Louie Gohmert, Jobs, Tax Hikes, Barack Obama, Obama Bus Tour, Video, Barack Obama Bus Tour, Bus Tour, The Midwest, Debt Deal, Louis Gohmert, Job Crisis, Darth Vader, Politics News

U.S. Rep. Louis Gohmert (R-Texas) criticized President Barack Obama's bus tour of the Midwest during an appearance on Fox Business Tuesday night. T...

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It's the Stupid Economy

Larry Beinhart | Posted 10.01.2011

Read More: Christina Romer, Depression, Bush, Ronald Reagan, Tax Cuts, Obama, Tax Hikes, George H.W. Bush, Recession, Great Depression, Politics News

OK, a quick trip down memory lane. Kids and young adults, anyone under 25, ask your parents, because I know it wasn't covered in school.

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States Raise Fines And Fees To Avoid Tax Increases

Associated Press | David Klepper and Brian Witte | Posted 09.23.2011

Read More: Budget Solutions, Fines Taxes, California Fees, State Budget, City Fees, Fees Taxes, States Fees, States Fines, Tax Hikes, City Fines, City Budget, Business News

NARRAGANSETT, R.I. (AP) -- Twenty dollars for a parking place wasn't going to ruin Ellen Majka's day at the beach. But she was still taken aback when ...

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Cash-Strapped States Turn To Budget Cuts Over Higher Taxes To Patch Shortfalls

The Wall Street Journal | Leslie Eaton And Kris Maher | Posted 09.06.2011

Read More: State Budgets, Budget Cuts, State Budgets 2012, Budgets 2012, Budgets, Tax Hikes, State Legislatures, State Budgets 2011, Tax Increases, Budgets 2011, Politics News

Forty-six states began a new fiscal year Friday after lawmakers spent the spring hashing out budgets that largely avoid big tax increases in favor of ...

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Bill Clinton's Warning On The Debt Ceiling Debate

HuffingtonPost.com | Tyler Kingkade | Posted 09.05.2011

Read More: Bill Clinton, Federal Deficit, Debt Ceiling, Spending Cuts, Simpson-Bowles, Debt Negotiations, Former President, Tax Hikes, Campus Progress, President Clinton, Politics News

WASHINGTON -- Former President Bill Clinton said Wednesday that any deficit-cutting deal worked out between Democrats and Republicans shouldn't take e...

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Greek Parliament Passes Key Austerity Bill, Paving Way For Bailout

Posted 08.29.2011

Read More: European Debt Crisis, Greece Parliament, Greece, Spending Cuts, European Union, Austerity Bailout, Imf, Tax Hikes, Greece Austerity, Sovereign Debt Crisis, Business News

ATHENS, Greece (AP) -- Greece's lawmakers have approved a key austerity bill, paving the way for the country to get its next vital bailout loans that ...

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Poll Shows Where Americans Stand On Raising Taxes In Debt Fix

Posted 07.12.2011

Read More: Taxes, Debt Poll, National Debt, Debt Ceiling, Federal Deficit, Deficit Poll, John Boehner, Tax Raies, Debt Limit, Federal Debt, Government Spending, Taxes Poll, Tax Hikes, Barack Obama, Tax Increases, Politics News

WASHINGTON (Reuters) – More than half of Americans say higher taxes should be part of a fix to tame the $14.3 trillion U.S. debt, a Reuters poll...

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E. Hampton Della Femina To Close, Owner Blames Obama

East Hampton, NY Patch | Taylor K. Vecsey | Email the Author | April 20, 2011 | Posted 06.21.2011

Read More: East Hampton, Della Femina, Della Femina Hamptons, NY Restaurants, Tax Hikes, Jerry Della Femina, Tax, Patch, New York News

Jerry Della Femina has sold the restaurant that bear's his last name and has become a staple East Hampton restaurant for almost two decades. Mei Li...

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Weird Tax Myths #2 -- Recessions, Depressions and Tax Policy

Larry Beinhart | Posted 05.25.2011

Read More: Taxes, Depression, Reagan Tax Cuts, Kennedy Tax Cut, Boom, Johnson Tax Cut, Tax Cuts, 2008 Recession, Bubble, Tax Hikes, Recession, Crash, Bush Tax Cuts, Politics News

Our prevailing mythology is that tax cuts help: They stimulate the economy, promote growth, create jobs. The truth is that tax cuts cause crashes. Tax hikes end depressions and recessions.

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Tax Cuts Vs. Unemployment

Larry Beinhart | Posted 05.25.2011

Read More: Tax Cuts, Facts, Unemployment, Reagan Tax Cuts, Tax Hikes, Bush Tax Cuts, Business News

NEVER EVER LET THE FACTS MATTER TAX CUTS USUALLY LEAD TO HIGHER UNEMPLOYMENT TAX INCREASES LEAD TO LOWER UNEMPLOYMENT Since 1950 we have had five tax...

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GOP: Masters of Message

Rick Horowitz | Posted 05.25.2011

When it comes to taking credit for tilting the pre-election playing field so smoothly in their direction, the GOP is the very picture of modesty.

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