We are going to use our Friday Talking Points this week to point out why this deal is not just a pretty darn good one, but actually downright historic.
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...
WASHINGTON -- A powerful coalition of corporate executives on Wednesday praised a deficit reduction plan that has long been maligned by GOP leaders fo...
If a temporary personal income tax hike is the price we pay for long-term reforms that enhance infrastructure, encourage job growth, and make the tax system more equitable, then it is a price worth paying.
Have the Republicans in Congress painted themselves into a corner on taxes? They seem to be in the position of choosing between a number of courses of action, most of which would normally be seen as going against their principles.
U.S. Rep. Joe Walsh's (R-Ill.) scheduled appearance on WTTW's "Chicago Tonight" Wednesday will cover the economy, debt and revelations about his perso...
Update: The Chicago Teacher's Union rejected Schools chief Jean Claude Brizard's proposal to give teachers a 2 percent raise in exchange for working a...
WASHINGTON -- Less than two hours before a planned speech by the president, top Republicans said they will not support any debt-reduction plan that in...
I speak of the "value-added tax," or "VAT." Republicans are horrified that President Obama has a secret plan to pass this tax, and are shouting from the rooftops (of the nearest Fox News building).
The conventional wisdom is that higher taxes hurt the economy. There is no actual evidence of that. In fact if you plot tax rates against GDP, there is no observable correlation.