tax cuts – News Stories About tax cuts - Page 3

Former AmEx CEO Harvey Golub to Warren Buffett: I Pay Enough Taxes, Thanks

Former AmEx CEO to
Buffett: I Pay Enough Taxes

OPINION

Aug 22, 2011 12:58 PM CDT

Former AmEx CEO to Buffett: I Pay Enough Taxes

Harvey Golub rebuts Warren Buffett's argument

(Newser) - Former AmEx CEO Harvey Golub is wealthy, just like Warren Buffett, but unlike Buffett, he has no desire to fork over a larger portion of his income to the federal government. How dare Buffett assume he’s “coddled” with low taxes, writes Golub in the Wall Street Journal , when...

So What's in the Debt Deal?

explaining the 'trigger'

Aug 1, 2011 10:51 AM CDT

So What's in the Debt Deal?

$1T in cuts now with more later—and a 'trigger' to ensure a second deal

(Newser) - No revenues, big budget cuts—what exactly is in the debt-ceiling deal? Ezra Klein sums it up in the Washington Post : $1 trillion in immediate cuts with at least $1.5 trillion more to come; a vote on a balanced budget amendment; and an immediate $900 billion increase to the...

Happy Birthday,
Bush Tax Cuts:
You're a Total
Failure

OPINION

Jun 9, 2011 1:30 PM CDT

Happy Birthday, Bush Tax Cuts: You're a Total Failure

By every metric, the cuts delivered less than promised

(Newser) - This week marks the 10th anniversary of the Bush tax cuts, and Annie Lowrey of Slate is looking for reasons to celebrate. Unfortunately, she can’t find any. They’re “a failure in every conceivable way,” she writes. In 2001, Bush promised the cuts would create jobs, generate...

Dems, GOP
Back Push to
Cut Corporate
Tax Rate

Apr 20, 2011 2:01 AM CDT

Dems, GOP Back Push to Cut Corporate Tax Rate

Bipartisan support builds behind effort to close loopholes

(Newser) - With deficit reduction on the agenda and America's corporations sitting on a record amount of cash, Democrats and Republicans have found something they agree on: It's time to slash the corporate tax rate. Bipartisan support is building for plans to eliminate many loopholes and tax breaks and use...

Walter Monday: US Must Raise Taxes to Fix Its Deficit Problems, He Writes in Washington Post Essay

Walter Mondale:
We Must Raise Taxes

opinion

Apr 16, 2011 10:53 AM CDT

Walter Mondale: We Must Raise Taxes

It's a politically risky but necessary for the country, says former VP

(Newser) - Walter Mondale returns to a familiar theme in a Washington Post op-ed: "We will not be able to control our budget deficits without raising taxes," he declares in the first sentence. As Mondale himself acknowedges, he's become the poster boy for why candidates should never bring up...

Paul Ryan Unveils
Massive Cuts
in GOP Budget

Apr 5, 2011 9:49 AM CDT

Paul Ryan Unveils Massive Cuts in GOP Budget

At the same time, it would lower taxes on corporations, the rich

(Newser) - Republicans unveiled a bold 2012 budget proposal today that, architect Paul Ryan boasts in a Wall Street Journal op-ed, “moves the debate from billions in spending cuts to trillions.” Ryan’s budget comes in at $3.53 trillion , or $179 billion less than President Obama’s . But he...

Beware Republicans'
New Voodoo Economics

paul krugman

Dec 31, 2010 11:14 AM CST

Beware Republicans' New Voodoo Economics

Paul Krugman: How do big tax cuts square with concern over the deficit?

(Newser) - Paul Krugman warns against what he sees as a new version of "voodoo economics" that Republicans plan to codify in the House: "The belief that deficits created by tax cuts just don't matter." Jon Kyl and crew think that any tax cut is a good tax cut,...

President Obama Signs Massive Tax Bill

it's official

Dec 17, 2010 3:30 PM CST

President Obama Signs Massive Tax Bill

He praises $858B tax cut deal

(Newser) - The Bush tax cuts live on. President Barack Obama signed the $858 billion tax bill today, praising the new law as a "substantial victory for middle-class families across the country." Before signing the bill, the president reiterated that "there are some elements of this legislation that I...

House Passes
Sweeping Tax Bill

tax cut deal

Dec 17, 2010 7:56 AM CST

House Passes Sweeping Tax Bill

Tax cut package sent to Obama's desk

(Newser) - The House of Representatives, acting with uncommon speed, has given final approval to a bipartisan bill that will avoid a scheduled rise in income taxes for millions on the first of January. The vote was 277-148 late last night on the legislation, which is the result of a compromise between...

Senate Passes
Tax-Cut Deal 81-19

Dec 15, 2010 1:01 PM CST

Senate Passes Tax-Cut Deal 81-19

Heads for tougher fight in the House

(Newser) - President Obama's compromise tax deal with Republicans—a package of cuts that would add nearly a trillion dollars to the US debt—won approval in the Senate today in a 81-19 vote. The measure still faces stiff opposition in the House where Democrats see it as overgenerous to the wealthy....

First Debate for
GOP 2012: Tax Deal

Dec 15, 2010 10:57 AM CST

First Debate for GOP 2012: Tax Deal

Tea Partiers hate it, mainstream contenders support it

(Newser) - There’s still a while to go before the official 2012 debates begin—but we have the first unofficial one on our hands, in the form of President Obama’s tax deal. Despite strong support in a vote Monday (only five Republican senators voted against it), 2012 contenders are drawing...

Tax Deal Cutting Into
Obama's Hawaiian Getaway

Dec 14, 2010 9:14 AM CST

Tax Deal Cutting Into Obama's Hawaiian Getaway

As Congress heads toward overtime, the president may be stuck in DC

(Newser) - Someone break the news to Sasha and Malia: They may have to body surf the Hawaiian waves without dad this year. With Congress’ lame duck session likely headed into overtime, President Obama has resolved to stay in Washington to sign anything it passes, meaning he may not find himself en...

Tax Cut Deal Garners
60 Votes in Senate

Dec 13, 2010 4:09 PM CST

Tax Cut Deal Garners 60 Votes in Senate

Measure could go to House tomorrow

(Newser) - Legislation to avert a Jan. 1 increase in US income tax rates has gained 60 votes in the Senate, the level needed to advance toward a final vote. The roll call is continuing, and the test vote is not final. But the bipartisan show of support is a strong indication...

69% of Americans Support Obama's Tax Deal

Dec 13, 2010 2:25 PM CST

69% of Americans Support Obama's Tax Deal

Even when confronted with deficit issues, support only drops to 62%

(Newser) - Bernie Sanders may not like President Obama's tax deal, but most of America supports it. A new ABC News /Washington Post poll shows 69% support the tax-and-benefits package and only 29% oppose it. Even when confronted with the fact that it could add $900 billion to the deficit, the level...

Democrats: Fine, We'll Pass Your Crummy Tax Deal

Dec 13, 2010 1:06 PM CST

Democrats: Fine, We'll Pass Your Crummy Tax Deal

Bill to see vote this week, says House majority leader

(Newser) - Democrats haven't stopped complaining about President Obama’s tax cut deal—one House member even called it Obama's "Gettysburg"—but it looks like they’ll pass it anyway, Time reports. “We're not going to hold this thing up at the end of the day,” said Chris...

Bloomberg to Dems:
Suck It Up on Tax Deal

Dec 12, 2010 1:05 PM CST

Bloomberg to Dems: Suck It Up on Tax Deal

Also, he's not running in 2012. Just so you know.

(Newser) - Joe Biden isn't the only one fed up with Democrats howling about President Obama's tax cut deal with the GOP—Michael Bloomberg today chimed right in, telling Obama he should tell his party faithful to "Suck it up." “This is the best I can do,"...

Democrats Too Dumb to Realize Obama Won Tax Deal

Charles Krauthammer

Dec 10, 2010 11:29 AM CST

Democrats Too Dumb to Realize Obama Won Tax Deal

Krauthammer: GOP gave him his stimulus, and looked bad doing it

(Newser) - Barack Obama pulled off a huge coup with his tax-cut deal, but House Democrats are too dim to realize it. Obama slyly negotiated “the biggest stimulus in American history,” complains Charles Krauthammer in the Washington Post . Republicans boast that this is their kind of stimulus—meaning mostly tax...

Senate Begins Debate on
$858B Tax Cut Bill

Dec 10, 2010 6:39 AM CST

Senate Begins Debate on $858B Tax Cut Bill

Deems House objections 'irrelevant'

(Newser) - The Senate voted to begin debate on a bill based on Barack Obama’s tax cut deal last night, with the final vote expected to be held Monday. The Senate’s version of the bill will add $858 billion to the deficit over 10 years, the Wall Street Journal reports....

Big-Time Dem Donors Defecting Over Tax Cuts for Wealthy

Dec 10, 2010 5:46 AM CST

Big-Time Dem Donors Defecting Over Tax Cuts for Wealthy

'Cave-in to GOP' sapping support for 2012

(Newser) - Wealthy liberals will have more money in their pockets because of President Obama's extension of tax cuts for the richest Americans—but they don't plan on sharing it with Obama's re-election campaign. Donors angered by the tax-cut deal say the president has caved to Republican pressure and they plan to...

Senate Democrats
Warm to Obama's Tax Deal

Dec 9, 2010 9:50 AM CST

Senate Democrats Warm to Obama's Tax Deal

But Biden makes little progress in the House

(Newser) - Democrats are coming around on the tax cut deal President Obama struck with Republicans—at least in the Senate. Yesterday, the White House was showing off independent forecasts predicting that the concessions Obama won in the deal could create up to 2.2 million jobs, the Washington Post reports. “...