Tax rates have been rising since 2009, and they will continue to do so for a few more years until they flatten out.
The budget deal announced Tuesday wouldn’t raise taxes. But the plan will collect billions of dollars in new revenue by boosting fees and increasing workers’ contributions to the Federal Employee Retirement System.
In an unexpected turn of events, Rep. Steve Stockman announced Monday that he plans to run against Senate minority whip John Cornyn in the Texas Republican primaries in March.
President Obama has been decrying our nation;s rising income inequality, and now he has some new ammunition. CBO's latest report on household income and taxes shows that the rich have indeed gotten richer.
In an effort to jumpstart international tax reform, Senate Finance Committee Chairman Max Baucus is suggesting major changes in the way U.S.-based multinational corporations are taxed on their overseas income. Though the plan is advancing tax reform discussions, it leaves many controversial issues unresolved, Gleckman explains.