Topic: Alternative Minimum Tax
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6 ways to avoid the 'fiscal cliff'
Republican congressional leaders and President Obama sharply disagree over how to deal with the impending “fiscal cliff.” But a successful plan shouldn’t be that hard to put in place. Here are six ways Washington can avoid the “fiscal cliff.”
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Briefing
Obama vs. Romney 101: 5 ways they differ on debt and deficits
President Obama and Mitt Romney offer sharply different views on how to get the nation back on a sustainable fiscal path. Here are five ways they differ on policies to cope with a soaring debt.
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The Paul Ryan budget: your guide to what's in it
Rep. Paul Ryan, Mitt Romney's running mate, is best known for drawing up a series of spending-and-tax plans meant to challenge the Obama administration's policies from the right. But it's been some time since his latest budget, which Mr. Ryan terms a "path to prosperity," was released. Here's a primer on what's in it.
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Could 'fiscal cliff' push US into recession? Four questions answered.
The nonpartisan Congressional Budget Office (CBO) warned in a report Tuesday that if Congress does not deal with a raft of fiscal measures by Dec. 31, the US could enter another recession. So what is this fiscal cliff and what is Congress doing about it?
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Who's who on Congress's debt 'super committee'
Congress has created a special super committee to find at least $1.2 trillion in US budget cuts. If the plan is voted down, automatic spending cuts are slated to occur. Here are the 12 lawmakers named to the super committee.
All Content
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'Fiscal cliff' deal: What will it mean for you?
Some aspects of the fiscal cliff deal are well-known – such as rising tax rates on the rich. But, actually, everyone will be paying more taxes. Here's a look at the deal's details.
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House Republicans' 'fiscal cliff' gripe: When will we ever get spending cuts? (+video)
What riles House Republicans isn't the taxes on the rich in the Senate's 'fiscal cliff' bill, it's the absence of significant spending cuts. But changes at this late date could scuttle the bill.
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Tax VOX
Worst fiscal policy ideas of 2012TaxVox's Lump of Coal Awards covers a broad swath of fiscal policy missteps for the year.
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Will GOP's 'Plan B' push Obama closer to 'fiscal cliff' deal?
House Republican leaders hope to pass their own 'fiscal cliff' bill Thursday. But Obama and Senate Democrats are solidly against the plan, which could leave the sides no nearer a deal.
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John Boehner's fiscal 'Plan B': What is it for and can it pass?
With a 'fiscal cliff' deal appearing closer than ever, Boehner offered up a fallback 'Plan B.' It seems designed to make Democrats uncomfortable and provide cover for Republicans ... if they pass it.
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Tax VOX
Fiscal cliff talks stall. Middle class tax bill won't help.Fiscal cliff talks are at an impasse, and there has been talk that House Republicans will pass the Middle Class Tax Cut Act approved by the Senate last summer. It's a problematic and ineffective idea.
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'Fiscal cliff' talks: Could they sink US job market?
The 'fiscal cliff' talks are about more than taxes. How they are resolved could have a significant impact on the US job market, experts say.
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GOP 'fiscal cliff' counteroffer: What's in it?
GOP leaders responded to President Obama's 'fiscal cliff' proposal with their own. It calls for new tax revenue and turns to a Democratic idea for spending cuts, but it doesn't raise tax rates.
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Robert Reich
Fiscal cliff: Why is the White House helping Republicans?A new report by the White House's Council of Economic Advisers scares the middle class about the effects of the fiscal cliff, Reich writes.
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6 ways to avoid the 'fiscal cliff'
Republican congressional leaders and President Obama sharply disagree over how to deal with the impending “fiscal cliff.” But a successful plan shouldn’t be that hard to put in place. Here are six ways Washington can avoid the “fiscal cliff.”
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Tax VOX
Washington dances away from the fiscal cliffDemocrats and Republicans may say they're far apart, but both sides are looking for a deal on the fiscal cliff, Gleckman writes.
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Tax VOX
Five tough challenges for Obama's second termWith his reelection Tuesday, President Obama faces a second term full of painful choices on issues ranging from the fiscal cliff to Medicare and Medicaid, Gleckman writes.
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Tax VOX
The end of a disappointing campaign for both Obama, RomneyGleckman asks: How do both presidential candidates get away with dodging critical fiscal issues on the campaign trail? We let them, he answers.
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Tax VOX
What is Mitt Romney’s tax plan?Howard Gleckman offers a breakdown of Republican presidential candidate Mitt Romney's proposed tax plan.
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Tax VOX
What is President Obama's tax plan?Gleckman offers a description of what President Barack Obama has pledged to do on tax policy if he is reelected president in November.
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Tax VOX
What the Joint Tax Committee really said about tax reformGleckman takes a closer look at a new analysis of tax reform by the Joint Committee on Taxation. His perspective may offer some relief to tax reformers.
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Tax VOX
What did we learn from Obama and Romney in the presidential debate? Not muchThe presidential debate showed almost nothing new about how either Romney or Obama would govern over the next four years, Gleckman writes.
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Mitt Romney's 14 percent tax bite: your guide to deciphering what's 'fair'
Many millionaires pay an effective tax rate much closer to Mitt Romney's 14 percent than to the official 35 percent top bracket. Preferential rates for investment income, including capital gains, are the reason. Is it time to change that?
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Tax VOX
What happens if Congress goes over the fiscal cliff? Taxes rise.Americans could face an average tax hike of almost $3,500 in 2013 if Congress goes over the fiscal cliff, Gleckman writes. The looming fiscal cliff poses a major threat for the US economy.
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Romney tax plan: Is it 'mathematically impossible' or not?
One study said Mitt Romney's tax-reform numbers don't add up. Another says they do. The reality: It depends a lot on the assumptions made about how deeply Romney is willing to cut tax breaks for the rich, including incentives for investment.
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Mitt Romney tells voters: If I'm elected, don't expect huge tax cuts
Mitt Romney provided nuance to his proposed tax cuts, saying they must fit his goal of reducing federal deficits. But left unanswered is the question of how this will affect the middle class.
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Tax VOX
Romney, the middle-class and taxesRomney has promised a 20 percent across-the-board tax rate cut, and some say he'll pay for it with higher taxes on low- and middle-income households. Gleckman's not convinced.
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Tax VOX
Do corporate tax breaks benefit the middle class?Revisions in the definition of the corporate income tax may assume that workers bear some of the corporate tax burden.
- Briefing
Obama vs. Romney 101: 5 ways they differ on debt and deficits
President Obama and Mitt Romney offer sharply different views on how to get the nation back on a sustainable fiscal path. Here are five ways they differ on policies to cope with a soaring debt.
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Tax VOX
Where was tax reform at the GOP convention?In last night’s acceptance speech, Mitt Romney sketched out his personal biography and delivered an effective brief on why we shouldn’t reelect President Obama. But, oddly, when it came to taxes he was nearly silent.
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