Taxes

President Obama released a Fiscal 2011 budget request today that would spend some $3.834 trillion next year and projects a deficit of $1.267 trillion...

We recently invited folks to take the spending challenge and show how they would close the budget gap without raising taxes (or alternatively, take...

President Obama has just proposed a fee on financial firms, stating his commitment “to recover every single dime the American people are owed.” The...

The President may choose to submit a budget in which he extends the Bush tax cuts only temporarily—say for two years, rather than permanently as was...

Earlier this week the Joint Committee on Taxation (JCT), the congressional group that provides cost estimates and tax expertise to Congress, issued...

According to the Associated Press, President Obama has encouraged House leaders to support the Senate's excise tax on high-cost insurance plans. As we...

Today’s New York Times article on the difficulty President Obama faces in keeping his promise about deficit reduction and tax cuts, Promise to Trim...

The IRS has agreed to give up billions in tax money in exchange for Citigroup’s repurchase of $20 billion of its assets held by TARP. In a notice...

On December 14, the Peterson-Pew Commission on Budget Reform hosted a public event at the National Press Club to announce the release of its report...

The Peterson-Pew Commission’s “Red Ink Rising” plan for American lawmakers has earned some black ink worldwide too since its release, not to mention...