tax cuts – News Stories About tax cuts - Page 2

Oct 17, 2017 10:45 AM CDT

Dow Makes History

It reaches 23K for the first time

(Newser) - Expect some presidential tweets after this: The Dow reached 23,000 for the first time in its history Tuesday morning. President Trump has been boasting of late about the stock market's rise during his presidency, and MarketWatch reports that the most recent surge seems to be tied to Wall...

Trump's Possible Savings
With New Tax Plan: $1B

Sep 29, 2017 7:05 AM CDT

Trump's Possible Savings With New Tax Plan: $1B

'NYT' runs some numbers, finds tax proposal might prove very good for Trump

(Newser) - It's hard to know for sure, but President Trump may save a pretty penny if his administration's "once in a generation" tax proposal goes into effect, despite Trump insisting earlier this week the plan is "not good for me." The New York Times put Trump'...

Trump Pushes Huge Tax Cut,
but There's One Big Problem

the rundown

Apr 25, 2017 10:35 AM CDT

Trump Pushes Huge Tax Cut, but There's One Big Problem

GOP lawmakers worried about the deficit may not play along

(Newser) - President Trump promises to outline his tax proposals on Wednesday, and the big headline in advance is that he wants to cut the corporate tax rate dramatically from 35% to 15% even if that raises the national debt. Here's a look at the ramifications, along with other aspects of...

Boehner Calls Off Plan B
Vote, Short of GOP Support

Dec 20, 2012 7:20 PM CST

Boehner Calls Off Plan B Vote, Short of GOP Support

Fiscal cliff gets a little more chaotic

(Newser) - Just what the fiscal cliff needed: more chaos and drama. House Republicans called off tonight's vote on John Boehner's Plan B legislation because he didn't have the support to pass it from within his own party, reports the Hill . The bill, which would have extended the Bush-era...

Boehner
to Obama:
Let's Make
a Deal

Nov 7, 2012 5:51 PM CST

Boehner to Obama: Let's Make a Deal

He's willing to accept 'new revenue' but not higher tax rates

(Newser) - It seems like a start anyway. John Boehner and the White House are at least talking about talking in regard to a deal to avoid the fiscal cliff , reports the Wall Street Journal .

Boehner: “For purposes of forging a bipartisan agreement that begins to solve the problem, we’re

...

Romney's Real Foe: This Guy

Ezra Klein

Oct 18, 2012 1:58 PM CDT

Romney's Real Foe: This Guy

Ezra Klein: His policies are depressingly similar to George Bush's

(Newser) - Romney's biggest problem this election season isn't Barack Obama; it's George W. Bush, argues Ezra Klein at Bloomberg . It's Bush, not Obama, "who has made voters skeptical of many of Romney's core policies." Yet when asked directly how he contrasted with Bush at...

The Payroll Tax Cut Is Doomed

Oct 1, 2012 2:34 PM CDT

The Payroll Tax Cut Is Doomed

No matter who wins in November

(Newser) - No matter who wins in November, your taxes are probably going up next year. That's because Congress has basically no interest in extending the payroll tax holiday that was so hotly contested earlier this year, the New York Times reports. Negotiators are fixated on the so-called "fiscal cliff,...

Romney Tax Plan 'Mathematically Impossible'

Ezra Klein

Aug 3, 2012 11:41 AM CDT

Romney Tax Plan 'Mathematically Impossible'

Non-partisan analysis says numbers don't add up

(Newser) - Mitt Romney has said that he has an economic plan and he's "not afraid to put it on the table." But the truth is that "the only thing he has put on table is dessert," writes Ezra Klein on Bloomberg . Romney says he'll cut...

White House: Stubborn GOP Will Cost You $1,600

Jul 24, 2012 9:59 AM CDT

White House: Stubborn GOP Will Cost You $1,600

Democrats, Republicans trade tax cut barbs

(Newser) - In its ongoing effort to extend the Bush tax cuts for (and only for) the bottom 98% of households, the White House today released a report calculating that the average family making less than $250,000 a year would see their taxes go up $1,600 if a deal isn'...

Tax the Rich:
Popular in Theory,
Not Practice

OPINION

Jul 17, 2012 11:55 AM CDT

Tax the Rich: Popular in Theory, Not Practice

Republicans manage to fool most voters: Steve Kornacki

(Newser) - Raising taxes on the rich is a popular idea, always performing well when people are polled about it. So why is it so hard to actually put into practice? Because most people don't understand what's actually going on, and the Republicans are to blame for that, explains Steve...

Obama Fires
Volley in War
Over Taxes

Jul 16, 2012 3:35 PM CDT

Obama Fires Volley in War Over Taxes

Mitt Romney's rep calls it a 'dishonest attack'

(Newser) - President Obama publicly made his case today for extending middle-class tax cuts and scorned Mitt Romney's tax plans for targeting the middle class, Politico reports. "We don't need a president who's going to give himself a tax break, we need a president who's going to...

The Tax Rate You Paid in
2009 Was Lowest in 30 Years

Jul 11, 2012 6:45 AM CDT

The Tax Rate You Paid in 2009 Was Lowest in 30 Years

Tax cuts plus falling incomes behind drop, CBO says

(Newser) - Anti-tax protesters were a major political force in 2009—which also happens to be the year Americans paid the lowest share of their income to the federal government in at least 30 years, according to the nonpartisan Congressional Budget Office. A CBO analysis released yesterday found that the average tax...

Romney
on Taxes:
I'd Kill These
Deductions

Apr 16, 2012 2:32 AM CDT

Romney on Taxes: I'd Kill These Deductions

At $2M fundraiser, Romney also pledges cuts to HUD, education

(Newser) - 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...

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

UPDATED

Dec 19, 2011 8:00 PM CST

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

Will instead call for quick talks on one-year extension

(Newser) - 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,...

House Passes Doomed Version of Payroll Tax Cut

Dec 13, 2011 5:59 PM CST

House Passes Doomed Version of Payroll Tax Cut

It links cut to oil pipeline, will likely die in Senate

(Newser) - 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

Dec 6, 2011 10:51 AM CST

Obama's Payroll Tax Cut Weapons: Clock, Calculator

See how much time we have left, how much money you could owe

(Newser) - 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

Dec 3, 2011 8:00 AM CST

Obama Pushes Payroll Tax Cut Amid GOP Split

President puts pressure on Congress to act

(Newser) - 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...

2 Americans Win
Nobel Prize in
Economics

Oct 10, 2011 6:42 AM CDT

2 Americans Win Nobel Prize in Economics

Thomas Sargent, Christopher Sims studied effects of tax cuts, interest rate hikes

(Newser) - 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...

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...