Tag Archives: taxes

Obama Calls For Tax Cut Extension On Middle Class; Romney Does Or Does Not Agree

(Read the full article here: Obama Calls For Tax Cut Extension On Middle Class; Romney Does Or Does Not Agree)

Just days after the third woeful jobs report in a row, Barack Obama will call on Congress Monday to extend the Bush-era tax cuts for one year on individuals making less than $250,000.

Obama extended the Bush tax cuts almost two years ago, striking a lame-duck session deal that exchanged tax cuts for the wealthy for middle-class tax cuts and stimulus measures. The compromise proved a winning one for Obama, who came out of the lame duck session with the wind at his back, but was deeply unpopular with liberals. More damaging, the extension of the tax cuts on the wealthy exacerbated the deficit, for which the Republicans have hammered him ever since. Not surprisingly, Obama has been adamant that the compromise will not happen again, and today’s announcement is a confirmation of that determination….Read More

 

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A lot has been made over Jeb Bush’s recent comments about taxes and spending, so much so that I thought he had proposed turning venture capital firms into kibbutzes or something. 

Nope. Bush has made two statements, one against Grover Norquist’s anti-tax pledge and the other in favor of the 10-to-1 spending-cuts-to-new-taxes deal that every Republican candidate in GOP primary refused to endorse. Only one of them is anywhere near a moderate position in respect to his party… Read more

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A lot has been …

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Four Ways Mitt Romney Will Have to Change What He Believes for the General Election

 

With the election all but sealed after three wins on Tuesday and multiple endorsements from a variety of establishment and tea party figures, Mitt Romney no longer has to woo the hardcore portions of the GOP base: the evangelicals, the hardcore libertarians, the tea partiers, the blue collar workers, etc. In fact, an opposite relationship will likely emerge in the next few months, in which those interests, wanting to matter to a Romney White House, will be trying to appeal to him…Read More

Related: Obama v. Romney: The 2012 General Election Has Begun (VIDEO)

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Obama Unveils Corporate Tax Reform, Sets Trap For Republicans

 

 

 

 

 

 

 

 

 

 

The Obama Administration announced Wednesday that it would lower the corporate tax ratefrom 35 percent to 28 percent in exchange for manufacturing incentives and closed loopholes. The move is expected to raise $250 million over 10 years and relocate jobs back to the United States. It’s also a complicated political maneuver, as Obama is attempting to usurp the job-creator narrative while forcing Republicans to defend profitable but unpopular segments of the corporate world…Read More

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Romney Debuts Flatter Tax Plan: Are His Troubles With The Republican Base Over?

 

 

 

 

 

 

 

 

Former Massachusetts Gov. Mitt Romney debuted a slightly more ambitious tax reform proposal on Wednesday hours before a critical Republican presidential debate. His plan exchanges spending cuts and lower rates which will broaden the tax base in exchange for the elimination of tax shelters and loopholes that allowed high income earners to pay fewer taxes. No doubt, this proposal is stronger than his previous “59 point” plan which his Republican opponents called “timid,” but will this new plan cure Romney’s chronic problems with the Republican base?…Read More

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President Obama Will Call For Tax Code Reform In State Of The Union

 

 

 

 

 

 

 

 

In a preview of President Obama’s third State of the Union address tonight, the White House announced that Obama will propose a comprehensive tax code reform, among other “common sense” solutions to America’s economic woes…Read More

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Romney Releases Two Years of Tax Returns Amid Heavy Scrutiny

 

 

 

 

 

 

 

 

Mitt Romney released his 2010 and prepared 2011 tax returns early Tuesday morning, hoping to quell growing suspicions over his financial status, tax rate, and potential improprieties…Read More

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Romney Admits To Paying Just 15 Percent Tax Rate

 

 

 

 

 

 

 

 

Mitt Romney doesn’t think the wealthy should pay higher taxes. Apparently, he’s leading by example.

While the candidate still refuses to release his tax returns, he did reveal today that he pays about 15 percent in taxes, far below most taxpayers. “It’s probably closer to the 15 percent rate than anything,” he  said at a press conference. “My income comes overwhelmingly from some investments made in the past, rather than ordinary income or earned annual income.” Read More

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