The Republican-controlled U.S. House of Representatives has approved legislation that will maintain tax cuts for all Americans regardless of income, setting up an election-year standoff with President Barack Obama and Senate Democrats. The measure approved Wednesday by a vote of 256-to-171 would extend the breaks passed during tenure of former President George W. Bush. The […]
US House Approves Extension of All Bush-Era Tax Cuts
Posted August 2nd, 2012 at 6:20 am (UTC-5)
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US Senate Republicans Block Millionaire Tax Plan
Posted April 17th, 2012 at 12:40 am (UTC-5)
Republicans in the U.S. Senate have blocked a bill that would have imposed a new minimum tax rate on millionaires, a plan President Barack Obama has pushed as both parties present election-year proposals on taxes and the economy. The Senate voted 51-45 largely along party lines Monday, with majority Democrats not able to get the […]
Obamas Paid More than $160,000 in Taxes Last Year
Posted April 13th, 2012 at 1:00 pm (UTC-5)
U.S. President Barack Obama and his wife, Michelle, paid more than $162,000 in taxes last year, a federal tax rate of 20.5 percent on their income of nearly $790,000. The White House released the president’s tax returns Friday, amid a debate over tax rates that has become a key issue in this year’s U.S. presidential […]
Obamas Paid More than $160,000 in Taxes Last Year
Posted April 13th, 2012 at 12:40 pm (UTC-5)
U.S. President Barack Obama and his wife, Michelle, paid more than $162,000 in taxes last year, a federal tax rate of 20.5 percent on their income of nearly $790,000. The White House released the president’s tax returns Friday, amid a debate over tax rates that has become a key issue in this year’s U.S. presidential […]
Obama Pushing for Corporate Tax Reform
Posted February 22nd, 2012 at 2:00 pm (UTC-5)
U.S. President Barack Obama aims to cut the country’s corporate tax rate from 35 to 28 percent, while eliminating dozens of tax-saving deductions American companies now enjoy. Treasury Secretary Timothy Geithner unveiled the tax overhaul Wednesday, two days before a tax proposal being offered by one-time venture capitalist Mitt Romney. He is one of the […]
Obama Pushing for Corporate Tax Reform
Posted February 22nd, 2012 at 12:10 pm (UTC-5)
U.S. President Barack Obama aims to cut the country’s corporate tax rate from 35 to 28 percent, while eliminating dozens of tax-saving deductions American companies now enjoy. Treasury Secretary Timothy Geithner unveiled the tax overhaul Wednesday, two days before a tax proposal being offered by one-time venture capitalist Mitt Romney. He is one of the […]
Obama to Push for Corporate Tax Reform
Posted February 22nd, 2012 at 11:10 am (UTC-5)
U.S. President Barack Obama is looking to cut the country’s corporate tax rate from 35 to 28 percent, while eliminating dozens of tax-saving loopholes American companies now enjoy. Treasury Secretary Timothy Geithner is to unveil the tax overhaul, two days before a tax proposal being offered by one-time venture capitalist Mitt Romney. He is one […]
Mitt Romney Releases Long Sought-After Tax Returns
Posted January 24th, 2012 at 8:10 am (UTC-5)
U.S. Republican presidential candidate Mitt Romney has released his federal tax records, showing he earned more than $42 million during the last two years and paid an estimated $6.2 million in taxes. The records for Romney and his wife Ann, released by his campaign early Tuesday, put their tax rate at 13.9 percent in 2010, […]
Mitt Romney to Release Long Sought-After Tax Returns
Posted January 24th, 2012 at 5:45 am (UTC-5)
U.S. Republican presidential candidate Mitt Romney has released his federal tax records, showing he earned over $42 million during the last two years and paid an estimated $6.2 million in taxes. The records for Romney and his wife Ann, released by his campaign early Tuesday, put their tax rate at 13.9 percent in 2010 with […]
Mitt Romney to Release Long Sought-After Tax Returns
Posted January 24th, 2012 at 5:10 am (UTC-5)
U.S. Republican presidential candidate Mitt Romney earned over $42 million during the last two years, according to federal tax forms released by his campaign Tuesday. Romney’s decision to release his tax records comes in the aftermath of his upset loss in last week’s South Carolina primary election to former House speaker Newt Gingrich, who attacked […]
