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Tax Credit

Hanged For A Lamb

Robert Kuttner | Posted 05.09.2014 | Politics
Robert Kuttner

To the extent that the Obama budget is intended as a "campaign blueprint" -- to signal to working families that Obama cares about them and to force the Republicans to cast difficult votes -- it is a very small step in the right direction. But it probably will sway a few voters, because it doesn't make enough of a difference. Obama is being branded a populist by the establishment press and irresponsible by Republicans for what is really a very tame program. He should at least earn these adjectives and get the public's attention. As it is, he might as well be hanged for a sheep. He might as well come out for policies that would make a real difference. That would actually be worthy of the terms "populist" and "campaign blueprint."

Good News: Obamacare Clearly Isn't Stifling the Economy

Anthony W. Orlando | Posted 02.26.2014 | Politics
Anthony W. Orlando

The more of the law that's implemented, the better the economy seems to perform. How can that be?

The 1 Move That Would Suddenly Pull 300,000 Workers Out Of Poverty

The Huffington Post | Posted 07.17.2013 | Business

Legislation introduced in both the Senate and the House of Representatives could pull hundreds of thousands of the country's working poor out of pover...

Guess Who Benefits From Most Major Tax Breaks

AP | ANDREW TAYLOR | Posted 07.29.2013 | Politics

WASHINGTON -- Wealthier households benefit significantly more than lower earners from big tax breaks such as deductions for mortgage interest and char...

52 Reasons to Vote for Obama: #7, Cut Taxes and Provided Capital for Small Business

Bernard Whitman | Posted 12.15.2012 | Politics
Bernard Whitman

President Barack Obama understands just how critical small businesses are to the American economy. That's why he's cut taxes for small businesses eighteen times since taking office.

Why Nobody Cares About The Obamacare Small Business Tax Cut For Health Care

The Huffington Post | Catherine New | Posted 10.11.2012 | Small Business

If the IRS wants to say the Small Business Health Care Tax Credit is a total fail, it has a funny way of saying it. Last spring, the IRS went on a...

Sabrina Siddiqui

Obama Touts Clean Energy in Battleground State

HuffingtonPost.com | Sabrina Siddiqui | Posted 05.24.2012 | Politics

Despite sustained criticisms from the oil industry and his presumptive general election opponent on energy issues, President Barack Obama has, in rece...

Knowing Which Financial Records to Save, Toss

Jason Alderman | Posted 07.02.2012 | Money
Jason Alderman

If the memory of hours spent hunting for and organizing paperwork for tax season is still fresh in your mind, maybe it's time to do some financial spring cleaning so preparing next year's taxes won't be such an ordeal.

Beware Of Free Money

AP | Posted 03.08.2012 | Money

OKLAHOMA CITY -- Attorney General Scott Pruitt is warning Oklahomans about fraudulent tax refund schemes that involve criminals that are trying to che...

Sharon Silke Carty

Obama Wants To Boost Electric-Car Rebates To $10,000

HuffingtonPost.com | Sharon Silke Carty | Posted 02.15.2012 | Business

President Obama's proposed Fiscal Year 2013 budget includes a new provision for hybrid and electric car tax credits that would broaden the program, in...

Congressional Democrats' Advice for Obama's Jobs Speech

Chris Weigant | Posted 11.07.2011 | Politics
Chris Weigant

The nation is waiting to hear what President Obama is going to say tomorrow night, when he gives an address to a joint session of Congress on the subj...

Spring Buying Sends Home Prices Up In Most Cities

AP | DEREK KRAVITZ | Posted 10.30.2011 | Business

WASHINGTON — Spring buying pushed home prices up for a third straight month in most major U.S. cities in June. But the housing market remains sh...

State Assembly Extends Tax Breaks For Filming

AP | ADAM WEINTRAUB | Posted 08.01.2011 | Los Angeles

SACRAMENTO, Calif. — The state Assembly voted Tuesday to extend incentives for California's entertainment industry for five more years, approvin...

How Tax Credits Ended Up Costing Home Buyers

SmartMoney | JACK HOUGH | Posted 07.10.2011 | Business

The government's recent $8,000 cash incentive for first-time home buyers has proved even more costly for recipients than for taxpayers, according to d...

IRS Gives $513M In Homebuyer Credits To Unqualified Taxpayers

AP | BY STEPHEN OHLEMACHER | Posted 06.15.2011 | Business

WASHINGTON -- The Internal Revenue Service has paid out more than a half-billion dollars in homebuyer tax credits to people who probably didn't qualif...

Adoptive Parents Receive Unbelievable Tax Refund

CNNMoney | Blake Ellis | Posted 06.01.2011 | Business

SMITHFIELD, N.C. (CNNMoney) -- The Wards couldn't believe the news when their tax preparer called to tell them they're getting a $54,000 refund this y...

IRS: Tax Refunds Could Be Delayed Due To Government Shutdown

Bloomberg | Richard Rubin and Steven Sloan | Posted 05.31.2011 | Business

Internal Revenue Service Commissioner Douglas Shulman said the Obama administration has not decided whether the IRS would process tax returns and issu...

Weekly Audit: GOP Plays Chicken with the Debt Ceiling

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

Weekly Pulse: GOP Plays Chicken with the Debt CeilingBy Lindsay Beyerstein, Media Consortium blogger Sen. Jim DeMint (R-SC) is calling for a "big show...

Congress: Don't Wait to Extend HIRE Act Before it Expires

Brandon Edwards | Posted 05.25.2011 | Politics
Brandon Edwards

Extend the HIRE Act and make sure that one of the better incentive programs continues to encourage employers to give jobs to those who need them the most.

Small Business Jobs Act: Real Value to Small Manufacturers

Brandon Edwards | Posted 05.25.2011 | Business
Brandon Edwards

Manufacturers with revenues under $50 million should pay close attention to the Small Business Jobs Act, particularly the elimination of the Alternative Minimum Tax barrier regarding business tax credits.

Let's Get Back The First-Time Homebuyer Tax Credit

Peter G. Miller | Posted 05.25.2011 | Impact
Peter G. Miller

The news from the National Association of Realtors for August is fairly brutal and speaks for itself: "Existing-home sales, which are completed trans...

William Alden

Home Prices Could Drop For The Next Three Years

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

Thinking about buying a home? You might want to proceed cautiously. The housing market may continue to decline, potentially for at least three more ye...

It's Time to Make R&D Tax Credit Permanent, Assure U.S. Remains World's Top Innovator

Brandon Edwards | Posted 05.25.2011 | Politics
Brandon Edwards

It's time to put questions about the future availability of the R&D credit to rest so that companies will stop discounting its value and take full advantage of it as a key driver of innovation.

Small Business Tax Credit Could Pay 35 Percent Of Health Care Premiums

AP | RICARDO ALONSO-ZALDIVAR | Posted 05.25.2011 | Business

WASHINGTON — The Obama administration Monday unveiled a tax cut for small companies that provide health insurance, but business groups gave it a...

Five Major Reasons the Economy is Screwed

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

What other the obstacles that stand in the way of prosperity? What are some reasons we will pull out of this economic mess?