Billions of dollars in tax revenue is lost through Swiss bank accounts, a Senate panel charges. But hundreds of billions of dollars are lost through more mundane tax evasion. Why is Congress making it harder for the IRS to collect the much bigger sum?
The House will release a tax plan on Wednesday that would cut the top individual tax rate to 25 percent. Read on for the GOP's tax proposal and and teh rest of today's tax news.
Fox News' Bill O'Reilly asked the president: 'Do you think I'm unfair to you?' 'Absolutely,' Obama said. But experts differ on whether partisan news media are cause or symptom of a polarized electorate.
Bill O'Reilly showed no deference to the president during an interview Sunday, interrupting him several times. But some Obama critics say the Fox News host merely plowed old ground and asked questions that were easy to deflect.
Under the new budget agreement, the IRS would get just $11.3 billion, which is $526 million below its 2013 budget and $1.7 billion less than President Obama requested. It's political payback.