tax cuts news stories on Newser

Romney on Taxes: I'd Kill These Deductions

Mark Russell — Mon, 16 Apr 2012 02:32:00 CDT

Having pretty much wrapped up the GOP nomination for president, but still months away from the party convention, Mitt Romney used his "spring break" for fundraising—pulling in a hefty $2 million in events yesterday alone, reports MSNBC . Yesterday afternoon, a reception at the $14 million home of investment company...

House Won't Pass 2-Month Payroll Tax Cut: Boehner

Matt Cantor — Mon, 19 Dec 2011 20:00:00 CST

The House will reject a Senate-approved plan to extend the payroll tax cut for two months, John Boehner said at a news conference today. The House's plan: to call for immediate negotiations on a yearlong extension that could create "certainty for people who are trying to create jobs," the speaker...

House Passes Doomed Version of Payroll Tax Cut

Tue, 13 Dec 2011 17:59:24 CST

Defiant Republicans passed legislation tonight to extend Social Security payroll tax cuts long sought by President Barack Obama—but they included a much-disputed Canada-to-Texas oil pipeline that has drawn a veto threat. The vote was 234-193. The bill now goes to near-certain demise in the Democratic-controlled Senate, triggering the final...

Obama's Payroll Tax Cut Weapons: Clock, Calculator

Kate Schwartz — Tue, 06 Dec 2011 10:51:51 CST

President Obama is pushing hard for the extension of the payroll tax cut, and has two weapons to aid him in his quest: a doomsday clock and a calculator. The countdown clock has been set up in the White House press room and appears, conveniently, behind the podium. The video...

Obama Pushes Payroll Tax Cut Amid GOP Split

Sat, 03 Dec 2011 08:00:00 CST

President Obama wants voters to get involved in the debate over extending the reduced payroll tax, and he's asking them to tell members of Congress to keep the cut in place. "Let your members of Congress know where you stand," Obama said today in his weekly radio and Internet address....

2 Americans Win Nobel Prize in Economics

Mon, 10 Oct 2011 06:42:10 CDT

Americans Thomas Sargent and Christopher Sims won the Nobel economics prize today "for their empirical research on cause and effect in the macroeconomy," the Royal Swedish Academy of Sciences announced. The prize committee said the winners have developed methods for answering questions such as how economic growth and inflation are...

Former AmEx CEO to Buffett: I Pay Enough Taxes

Evann Gastaldo — Mon, 22 Aug 2011 12:58:47 CDT

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 the truth...

So What's in the Debt Deal?

Matt Cantor — Mon, 01 Aug 2011 10:51:05 CDT

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

Kevin Spak — Thu, 09 Jun 2011 13:30:55 CDT

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 wealth, and “starve the...