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Tax Hikes

Obama's Wants A New Ally In The Fiscal Cliff Debate

Reuters | Posted 01.27.2013 | Business

WASHINGTON, Nov 27 (Reuters) - President Barack Obama will launch a multipronged push this week to garner support for his proposals to solve U.S. fi...

White House: Raising Taxes On The Middle Class Will Doom Everyone

Reuters | Posted 01.26.2013 | Business

* Report says economy would suffer if AMT tax not patched * Latest salvo from White House in fiscal cliff battle By Jeff...

Stock Market Set To Freak Over Fiscal Cliff Talks

Reuters | Rodrigo Campos | Posted 11.25.2012 | Business

NEW YORK (Reuters) - Volatility is the name of this game. With the S&P 500 above 1,400 after five days of gains, traders will be hard pressed not t...

The President's Opening Bid on the Grand Bargain (III): The Difference Between "Broadening the Tax Base" and Raising Taxes on the Rich

Robert Reich | Posted 01.14.2013 | Politics
Robert Reich

If Republicans won't budge on raising tax rates but insist on broadening the base, Democrats should take aim at the biggest tax loophole of all for America's wealthy: the preference for capital gains. Capital gains should be taxed the same as ordinary income.

'Real Throttle On This Country's Growth'

Reuters | Posted 01.23.2014 | Business

* Partisan spat over budget crisis could hurt economy * Economists expect politicians to avert budget crisis * Investor,...

Paul Krugman: Deficit Hawks 'Squirming' Over Fiscal Cliff

The Huffington Post | Harry Bradford | Posted 11.12.2012 | Business

Those deficit hawks who've been clamoring for the reduction of America's debt are in an odd position now that the "fiscal cliff" may help them get wha...

There's Even More Reason To Panic About The Fiscal Cliff

Reuters | Posted 12.29.2012 | Business

By Jason Lange WASHINGTON, Oct 28 (Reuters) - The United States runs the risk of a recession far deeper than many investors and polic...

Anti-Obama CEO On His Employees: 'They're Like My Children, And I'm The Jewish Mother'

The Huffington Post | Harry Bradford | Posted 10.15.2012 | Business

By now it’s pretty clear that infamous Westgate Resorts CEO David Siegel is not a fan of President Obama. What's not so clear is why, given that his...

France Rethinks Tax Scheme After Small Business Outcry

Reuters | Mark John | Posted 10.04.2012 | Small Business

(Reuters) - President Francois Hollande's Socialist government will likely ease tax hikes on small businesses in the 2013 budget after a chorus of com...

Patrick Svitek

Defense Contractors OK With Tax Hikes To Save Their Bottom Line

HuffingtonPost.com | Patrick Svitek | Posted 07.18.2012 | Politics

WASHINGTON -- Executives for some of the leading defense industry corporations told Congress on Wednesday that tax hikes should be among the remedies ...

'I Don't Want My City Dissolved'

Reuters | Posted 09.16.2012 | Business

By Laura L. Myers GOLD BAR, Washington, July 17 (Reuters) - Residents of a century-old Washington state town facing possible municipal...

Majority Of Americans Support Tax Hike For Rich

The Huffington Post | Ariel Edwards-Levy | Posted 07.17.2012 | Politics

Americans support raising taxes on the rich by a two-to-one margin, with many believing an increase would both help the economy and make the tax syste...

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

Reuters | Posted 07.23.2012 | Business

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

Zach Carter

CEOs Embrace Tax Hike Plans Rejected By Paul Ryan

HuffingtonPost.com | Zach Carter | Posted 03.08.2012 | Politics

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

Italy Approves Austerity Budget, Stymieing Crisis

Posted 12.22.2011 | Business

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

Alice Hines

The Tax Hike Both Parties Support

HuffingtonPost.com | Alice Hines | Posted 12.01.2011 | Business

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...

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

The Huffington Post | Jillian Berman | Posted 01.23.2012 | Business

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

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

Posted 11.22.2011 | Business

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 servi...

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

Reuters | Richard Cowan and Tim Reid | Posted 11.30.2011 | Politics

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

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

The Huffington Post | Harry Bradford | Posted 11.20.2011 | Business

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...

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

The Huffington Post | Posted 11.19.2011 | Politics

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...

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

Posted 11.19.2011 | Politics

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

Ryan Grim

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

HuffingtonPost.com | Ryan Grim | Posted 11.18.2011 | Politics

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

IMF Report: Austerity Measures Hurt Income, Makes Unemployment Worse

The Huffington Post | Alexander Eichler | Posted 11.13.2011 | Business

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...

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

The Huffington Post | Harry Bradford | Posted 11.01.2011 | Business

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...