President Obama Says Immigrants Must Pay 'Fair Share Of Taxes'
Tonight, President Obama laid out his plan for immigration reform. It includes the requirement to “pay your fair share of taxes” – but what does that mean?
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State Of The Union 2014 LIVE
Join me as I live blog the State of the Union 2014.
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Does President Obama Want To Tax Your Retirement?
President Obama plans to tax your retirement. That was the subject of an email I received this morning. Only it wasn’t quite on target. You see, while it’s true that President Obama’s budget proposal, which is to be released on April 10, has included a proposal aimed at retirement accounts, he’s not targeting my retirement…
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Senate Fails To Push Through Measures To Avoid Sequestration
What do Republicans and Democrats have in common? Neither party can seem to muster a bill to head off the sequester looming on Friday. Two proposals were raised in the Senate today to address the sequester. Both failed. The Republican proposal would have let the cuts stand and allowed the President to decide on the…
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Taxes & The State Of The Union 2013
Last night, the President delivered his annual State of the Union speech to members of Congress and to the nation. Each year, this is the President’s opportunity to address Congress and the nation about how we’re doing as a country and what his particular agenda will be for the coming year. You can read the…
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Leadership Shakeup At Treasury Could Signal Change In Fiscal Strategy
The Treasury Department may be getting a new look … or two… or three. Just weeks after (now) former Internal Revenue Service (IRS) Commissioner Doug Shulman announced his plans to step down, Secretary of the Treasury Timothy Geithner will also be departing. Since the IRS is a bureau under the Treasury, the Commissioner generally reports…
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No, There Isn’t A Tax Cut Deal – Yet
Don’t believe the hype: there is no deal on the budget. Yes, I saw all of the headlines, too, some of them to prompt readers to write me for details. Is there a payroll tax holiday? What about the adoption credit? What’s happening to capital gains? The quick answer: nothing. What happened was this: the…
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Budget Talks Stall As Reid Calls GOP Move A ‘Poison Pill’
We were expecting a vote today on the budget. What we got was more fighting. With the House and the Senate back to work for a change today (I guess a raise will put some pep in your step), many were hopeful that Congress might reach a deal on the budget. But that all changed…
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Congress Gets A Raise, Hasn’t Yet Fixed The Budget
If you’ve been worried about what will happen to those poor folks in Congress once the tax increases hit, worry no more: they’re getting a raise! Yes, despite the fact that the current Congress is one of the most ineffectual in recent memory, President Obama signed an executive order boosting their pay after March 27….
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Budget Resolution May Come Down To One Question
Who is rich? After more than a year of arguing about the budget, the answer to that single question may be the answer to our economic woes. As talks continue, House Speaker John Boehner has signaled that he might be willing to compromise on raising tax rates but only for top wage earners. The problem…