National income tax was a key victory for progressives after Gilded Age when money ruled. The 16th Amendment, authorizing a national income tax, was the first new amendment in 40 years.
The increase in reliance on government assistance is the problem, not a lack of people who pay income tax.
With more than 13 million Americans out of work and wage increases so modest they’re failing to keep up with inflation, voters have put the economy and jobs at the top of their checklist of presidential issues. The Republican candidates all share the same broad approach: Spur private-sector confidence and job creation through permanent tax cuts, reduced federal deficits, and lighter regulatory burdens on businesses. In the same vein, they generally call for efforts to boost trade, encourage domestic oil and gas production, and limit the power of organized labor. But who has the best economic plan?
Rick Perry follows Herman Cain in proposing a flat tax. Ron Paul has endorsed the idea before, too. But the hot new idea among GOP presidential candidates is as old as the Civil War.
Flat tax plan would scrap the current tax system, although Perry offered no details. He plans to explain his flat tax plan next week.
The fight over raising levies on the wealthy, a theme of the 'Occupy Wall Street' protests, is about more than money. It's a clash over fundamental American values.
The Democrats need a Falstaff to point out the absurdities of GOP positions. The views of Rick Perry, Mitt Romney, and Michele Bachmann would give him plenty of comic fodder.
Budget stalemate has many on Capitol Hill crunching numbers. With any new budget, taxes may be the real third rail of politics. Can the U.S. solve its fiscal woes without more revenue?
Senate Majority Leader Harry Reid unleashed his first negative ad on Friday depicting Sharron Angle as a heartless extremist.