President Barack Obama’s budget proposal resurrects a series of tax increase. Republicans, who now control the House, are signaling they will not be receptive. The plan unveiled Monday includes tax increases for oil, gas and coal producers, investment managers and U.S.-based multinational corporations. The plan would allow Bush-era tax cuts to expire at the endRead more about Obama Again Proposes Tax Increase[…]
President Obama on Monday may propose limiting tax breaks for the rich, budget and policy experts say. In the president’s past two budget requests, he called for limits on the value of itemized deductions for those in the top two tax brackets. That would include deductions for mortgage interest and charitable contributions. The proposals wentRead more about Proposal to Limit Tax deductions[…]
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America’s tax system is broken. It’s needlessly complex, economically harmful, and often unfair. It fails at its most basic task, raising enough money to pay our government’s bills. And it’s increasingly unpredictable, with large, temporary tax cuts not only in the individual income tax, but also in corporate, payroll, and estate taxes. For all thoseRead more about our tax system cries out for reform[…]
