By David M. Drucker | 03/04/14 01:32 PM
The tax reform plan from Michigan Rep. Dave Camp was unimaginable as a Republican document just a few years ago, the result of a shifting political landscape that has seen the triumph of President Obama's tax message and the influence of conservative populism. The House Ways and Means...
By Meghashyam Mali | 03/04/14 01:04 PM
At an event at Powell Elementary School in Washington, D.C., Obama said the $3.9 trillion plan followed through on his promise in February’s State of the Union address to push policies that helped the middle class and fight income inequality.
By Joseph Lawler | 03/04/14 12:30 PM
The White House set out a statement of the Democratic Party's election-year priorities Tuesday morning, unveiling a $3.9 trillion budget for fiscal 2015 that would boost spending on domestic priorities, raise taxes on the rich and shrink the military. The plan would raise taxes by almost $1...
By Philip Klein | 03/04/14 11:46 AM
President Obama on Tuesday released a budget proposal that would raise taxes and fees and rely on optimistic economic projections to increase revenue by $3.15 trillion over the next decade -- bringing federal revenue to record levels. Among the new tax hikes, the Obama budget would restrict...
By Joseph Lawler | 03/03/14 08:56 PM
Ahead of Tuesday's release of President Obama's budget request for fiscal year 2015, the White House is drawing attention to the tax cuts that will be included in the plan.
By Gary Fineout | 03/03/14 09:28 AM
Gov. Rick Scott will kick off the 2014 legislative session by asking legislators to approve his tax cut package and by asking to keep tuition rates low.
By Associated Press | 03/01/14 01:37 PM
The Wisconsin state Senate is scheduled to vote Tuesday on Gov. Scott Walker's proposed property and income tax cut plan.
02/28/14 06:15 AM
JACKSON, Miss. (AP) — Jackson's additional 1 percent local sales tax kicks in Saturday, but with a list of exemptions designed to be easy on the pocketbooks of low-income residents. Food and medications are among items excluded from the additional tax The Clarion-Ledger reports...
By Susan Ferrechio | 02/28/14 05:14 AM
The comprehensive tax reform plan introduced Wednesday by House Ways and Means Committee Chairman Dave Camp could push taxpayers into higher tax brackets by changing the way earning thresholds are indexed. It’s a move that incorporates “chained CPI, “ a controversial way of measuring...
By Philip Klein | 02/27/14 06:00 PM
When Republican presidential candidate Mitt Romney infamously wrote off much of the electorate at a 2012 fundraising event, he argued that, “47 percent of Americans pay no income tax. So our message of low taxes doesn't connect.” Given that attitude, it isn't surprising that President...
By Sean Higgins | 02/27/14 11:59 AM
Sen. Bob Corker, R-Tenn., told reporters Thursday morning that comprehensive immigration reform and serious entitlement reform were both dead for the year in the Senate. He blamed President Obama and Senate Democratic leaders for creating a toxic atmosphere and refusing to negotiate with...
02/27/14 11:15 AM
ALBANY, N.Y. (AP) — Local sales tax collections statewide were boosted last year in part by spending after Superstorm Sandy and rose $739 million, or 5.2 percent, exceeding the previous year's increase, the New York comptroller reported Thursday. In the annual report, state tax data from all...
By Philip Klein | 02/27/14 09:41 AM
Rep. David Camp, R-Mich., who has jurisdiction over tax policy as chairman of the House Ways and Means Committee, on Wednesday unveiled a sweeping proposal to overhaul the tax code following years of work and 30 hearings. But before even publicly releasing the plan, tax reform was declared dead...
By David Espo | 02/27/14 08:39 AM
Ordinarily, the late-winter introduction of major legislation by the chairman of a powerful committee might signal a major push in Congress for an election-year accomplishment. That's not the case with tax reform.
02/27/14 03:15 AM
WASHINGTON (AP) — Ordinarily, the late-winter introduction of major legislation by the chairman of a powerful committee might signal a major push in Congress for an election-year accomplishment. That's not the case with tax reform, which now takes its place in the "do not disturb" corner with...
By Ashe Schow | 03/10/14
By Byron York | 03/10/14
By Michael Barone | 03/10/14
By Ashe Schow | 03/10/14
By Susan Ferrechio | 03/11/14