iOS app Android app

Bush Era Tax Cuts

How the Obama Administration, Congress, and the Keynesians Gutted the Budget

Jeffrey Sachs | Posted 04.08.2014 | Business
Jeffrey Sachs

The discretionary civilian budget -- the part that looks after your and your children's future other than social security, health, and emergency support -- is disappearing. What about America's future scientific and technological leadership? What about America's role in fighting climate change and promoting clean energy through new R&D? Forget about it.

Charities Fear New Tax Law Will Reduce Donations

AP | STEPHEN OHLEMACHER | Posted 01.16.2013 | Impact

WASHINGTON -- Charities and nonprofit organizations are worried that new limits on tax deductions for high earners will hurt donations just as charita...

What Donald Trump Really Doesn't Want You To Know

The Huffington Post | Harry Bradford | Posted 01.02.2013 | Business

The Donald Trump of today and the Donald Trump of 1999 probably wouldn’t be best buds. It turns out the outspoken anti-tax Republican once floate...

Averting the Fiscal Cliff: Retired Postal Worker Shames One Percent

Janet Mason | Posted 03.02.2013 | Politics
Janet Mason

The U.S. Treasury Department has been taking contributions toward the national debt since 1961. The largest single donation, made in 1992, was $3.5 million. Most contributions have been under $100 dollars.

Going Over the Cliff Is the Only Way to Save the Government

Jeffrey Sachs | Posted 02.28.2013 | Politics
Jeffrey Sachs

If the deal is reached, the Republicans have won: they have locked in a federal tax system that collects so little total federal revenue that government can afford almost nothing aside from the military, interest payments, retirement programs and health care.

LOOK: 7 Ways The Bush Tax Cuts Wrecked The Economy

The Huffington Post | Harry Bradford | Posted 12.17.2012 | Business

A decade later, America still can't figure out what to do with the Bush-era tax cuts. The cuts, initially enacted in 2001 and 2003, and then exten...

Ryan Grim

Top Two Percent To GOP: Tax Us

HuffingtonPost.com | Ryan Grim | Posted 12.06.2012 | Politics

WASHINGTON -- Congressional Republicans' opposition to any tax rate hike on the top two percent of earners shows few signs of letting up as the debate...

A Fiscal Cliff Compromise?

Daniel Simon | Posted 01.18.2013 | Politics
Daniel Simon

The fiscal cliff is quickly approaching and unlike what Americans were hearing for the previous four years, it looks as though Congress and the presid...

Warren Buffett: Republicans Needs To Put 'Country Over Party'

The Huffington Post | Harry Bradford | Posted 11.14.2012 | Business

Rest assured. Despite the fiscal cliff hysteria currently gripping the nation, an Oracle has spoken, and he says there's nothing to fear. Billionai...

Let's Not Make a Deal

Robert Kuttner | Posted 01.23.2014 | Politics
Robert Kuttner

The good news is that the Democrats won the election and President Obama's spine has been stiffened on the subject of taxes. The bad news is that the skids are greased for a budget deal that cuts more than necessary, risks putting the economy back into recession, and blurs differences between the parties on critical issues like Social Security and Medicare. If Obama will just realize it, he holds most of the cards. He prevailed in the election. Most voters agree that the rich should pay higher taxes. Most don't want cuts in Medicare and Social Security. But by all appearances, the eager-beaver bipartisan Obama that we saw in early 2009 (until he got his clock cleaned) is back. Despite his recent victory, if he is too eager to make a deal, he -- and we -- will get rolled. Last time, Boehner's Republicans saved Obama from himself. This time, it will be up to his fellow Democrats.

The Fairness Election

Gary Hart | Posted 01.10.2013 | Politics
Gary Hart

No one argues that resumption of pre-Bush tax rates on the wealthiest 1 percent will solve the deficit problem. What we do argue is equity -- fairness. The entire idea of progressive taxes is that those who benefit the most from our nation's services should pay a fair share.

Raising Taxes On The Wealthy Might Not Be Such A Bad Idea

Reuters | Posted 01.08.2013 | Business

WASHINGTON, Nov 8 (Reuters) - Allowing income tax rates to rise for wealthy Americans would not hurt U.S. economic growth much in 2013 if Congress e...

Catherine New

What's About To Happen To Your Tax Bill Looks Pretty Awful

HuffingtonPost.com | Catherine New | Posted 11.07.2012 | Money

The election is behind us, but a new uncertainty looms: Taxes. If Congress and the newly reelected president don't take action, most Americans will...

Americans Preparing For The Worst On Election Day

The Huffington Post | Caroline Fairchild | Posted 10.24.2012 | Money

Americans are hoping for the best, but very much preparing for the worst come election day. Fearful of how the outcome of the presidential electio...

Ouch! 10 Ways You'll Feel Fiscal Cliff Tax Bill Sticker Shock

The Huffington Post | Catherine New | Posted 10.19.2012 | Money

The dirty secret about the so-called fiscal cliff is that many taxpayers have already toppled over the edge. While much airtime is being devoted t...

WATCH: Tax Ben Stein's Money (Seriously, He Doesn't Seem To Mind)

The Huffington Post | Harry Bradford | Posted 10.18.2012 | Business

These days, it seems you don't have to win Ben Stein's money. You can just tax it. The actor, author and generally conservative-minded brainiac ap...

WATCH: MSNBC Hosts Spar With Rudy Giuliani

The Huffington Post | Rebecca Shapiro | Posted 10.04.2012 | Media

MSNBC's Chris Hayes clashed with former New York Mayor Rudy Giuliani after Wednesday night's presidential debate. Giuliani appeared on the program ...

Your Paycheck Will Likely Be Much Smaller Next Year

The Huffington Post | Catherine New | Posted 10.01.2012 | Money

Your paycheck is about to take a dive. The culprit: Payroll tax relief is set expire at the end of the year and Congress is unlikely to extend it, The...

Studies: Rich's Bush-Era Tax Cuts Do Little To Boost Economy, Job Market

Posted 09.25.2012 | Business

Tax breaks for the super-rich might be great for the super-rich. They just don’t do much for the rest of us. Extending the Bush-era tax cuts for...

Avoiding a Double-Dip Recession Doesn't Require Extending the Bush Tax Cuts

Andrew Fieldhouse | Posted 11.19.2012 | Politics
Andrew Fieldhouse

The "fiscal cliff" is a terrible metaphor -- it implies an all-or-nothing choice between continuing all current budget policies and running smack into the legislated trajectory for fiscal policy.

GRAPHIC: Bush-Era Tax Cuts Will Cost U.S. Nearly $1 Trillion Over Next Decade

The Huffington Post | Harry Bradford | Posted 08.25.2012 | Business

Keeping tax cuts for the wealthy could cost the U.S. big time. Letting the Bush-era tax cuts of 2001 and 2003 expire on schedule at the end of 201...

House Renews Bush-Era Legislation

AP | ANDREW TAYLOR | Posted 08.01.2012 | Politics

WASHINGTON -- Republicans controlling the House have passed a bill to extend tax cuts due to expire Dec. 31, officially laying down their marker in an...

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...

Jennifer Bendery

Obama Calls For Middle-Class Tax Cut Extension

HuffingtonPost.com | Jennifer Bendery | Posted 09.08.2012 | Politics

WASHINGTON -- President Barack Obama on Monday gave another push to Congress to let families keep their Bush-era tax cuts on their first $250,000 of t...

The Bush Tax Breaks and Small Business 101

J. Kelly Conklin | Posted 08.05.2012 | Business
J. Kelly Conklin

Any move to extend special breaks for income over a quarter of a million dollars a year is another giveaway for the richest Americans, and small business owners will pay the price as the middle class -- the bedrock of our customer base -- continues to disappear.