A U.S. carbon tax has the support of both environmentalists and business leaders (including Michael Bloomberg, New York Mayor, and Rex Tillerson, ExxonMobil CEO). It would be a rare political twofer that produces massive revenues while lowering emissions of carbon dioxide.

BOSTON — The Republican Party seems as divided and angry as ever. Infighting has penetrated the highest levels of the House GOP leadership. Lon...

Corporations want to be treated as individuals when it comes to political contributions but not when it comes to paying their taxes. I think we should change that. It's the most logical and reasonable solution to balancing the budget and reducing the deficit.

WASHINGTON — Americans prefer letting tax cuts expire for the country's top earners, as President Barack Obama insists, while support has declin...

There's a way out of this mess. It's an easy one, really, although it does require some suspension of disbelief on everyone's part. Just change the date on the floor of Congress. No, not the date on the bill, the actual date.

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.

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

Our historically low tax rates on the very rich are unsustainable. It's now time for President Obama to bang the bully pulpit, and time for Congressional Democrats to put aside their timidity and join the fight.

WASHINGTON -- A new Quinnipiac University poll finds New Yorkers overwhelmingly back the Occupy Wall Street protesters, and even Republicans think the...

WASHINGTON -- Listening to Republicans on the campaign trail or the House floor, one might think the quickest way to eliminate the deficit is to make ...

In a time of a recession when jobs are hard to come by, Grover Norquist has invented a job for himself. His job is to make sure that those in Congress take a loyalty oath to say that they will never raise taxes.

Americans are caring. And what those who are opposed to raising the debt ceiling are essentially attempting to do is insist that we stop caring.

For the past several weeks, Congress and the White House have been debating what to do about the nation's debt limit before a projected default on Aug...

When you declare "Everything is on the table" and "All of us must sacrifice" -- and the only thing you take off the table is raising taxes on the wealthy -- then the only sacrifice you are actually asking for is from those who can least afford it.

Permitting a temporary tax cut to expire as the original law provided is not raising taxes. The Bush tax cuts were but one more failed experiment in the flawed "supply side" theory of taxes.

Many have described my 1984 presidential campaign promise to raise taxes as exemplifying the folly of proposing tax hikes during an election. Although...