Over the years, tax policy has been a key tool in keeping the safety net that protects the nation's poor intact.
Gleckman asks: Will it take the fear of a financial market collapse and a cliff-driven recession to change the karma on Capitol Hill? Or, can Congress find an easier route to fiscal sanity by ducking the coming showdown?
As a matter of pure tax policy, our tax analyst analyzes the different option on the table. Ideally, Congress should build the best possible tax base and then adjust the rates to meet an agreed-upon revenue target. But in a partisan Congress, few things are 'ideal.'
Tax reform will be difficult, but with a four-step road map, it can be done.
If 'the rich' are defined as those who can afford and ought to be expected to pay higher income taxes, then the categorization is really much broader than multimillionaires.
Republicans elect new chairman, Michael Steele, but are split on the future direction of the party.
Both pick mainstream experts, but Obama’s are more interventionist.