Topic: Citizens for Tax Justice
The candidate's estimated 250 million dollars will be administered by federal officials on his behalf if he becomes President.
To achieve his goal of 'insourcing,' Obama proposes rewarding firms that create jobs in the US while imposing higher effective taxes on profits earned by overseas operations.
Another decade of these lower tax rates for the wealthiest 5 percent of Americans would cost the US Treasury around $2 trillion – more than the amount of deficit reduction (at least $1.2 trillion) the debt super committee must find.
11/02/2011 10:55 am
Why changing the way corporations pay taxes is more difficult than it seems.
10/01/2011 05:00 pm
The oil industry is under fire from congressional Democrats for reaping big tax breaks even while amassing huge profits. Executives from major oil companies testified Thursday on Capitol Hill.
05/12/2011 08:03 pm
As Republicans square off with the Obama administration on how much to tax the wealthiest Americans, a new report suggests the overall tax burden does not vary much by income level.
04/15/2011 09:55 pm
Two years ago, bankers visited the White House to talk about a bailout. Last year, President Obama met with bankers to discuss improving the economy. What will today's meeting discuss?
12/15/2010 03:24 pm
Ranchers want to die before year end to avoid the estate tax, claims Rep. Lummis. Whether or not the story is true, the underpinnings are myths: the family ranch and a looming 'death tax.'
11/03/2010 09:05 am
If Congress fails to increase tax revenues and cut costly programs, the federal deficit promises to be more than $1 trillion a year for the next decade.
08/09/2010 02:46 pm
As a first step, Congress may extend the estate tax. There are faster methods, too.
12/28/2009 10:54 am