Category Archives: IRS

Obama’s tax record

By doris | Published: January 31, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Republicans portray President Obama as the tax-hiker-in-chief. Obama portrays himself as a tax cutter for the masses but not the rich. The truth isn’t so cut and dry. The fact is, the president’s record on taxes is a mixed bag. In three-plus years in office, Obama has [...]

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Obama’s 30% millionaire tax

By doris | Published: January 27, 2012

Full Story at moneh.cnn.com NEW YORK (CNNMoney) — President Obama this week defined what he believes should be the minimum “fair share” for millionaires and billionaires to pay in taxes. His answer: At least 30% of their income. “If you make more than $1 million a year, you should not pay less than 30% in [...]

Also posted in Presidental, State Of The Union, Tax | Leave a comment

GM’s sweetheart tax deal

By doris | Published: February 23, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The U.S. Treasury is giving up $14 billion in tax revenue because of a sweetheart deal it’s giving General Motors. The automaker is expected to post its first profitable year since 2004 when it reports fourth-quarter results on Thursday. But GM (GM) won’t have to worry about [...]

Also posted in Car, Endorsed, Government, Legal, Money, Treasury | Leave a comment

Poll: Most Americans say tax dollars are wasted

By doris | Published: April 20, 2010

Full Story at CNN.com (CNN) — Nearly three-quarters of Americans say that the government wastes their tax dollars, according to a new national poll. A CNN/Opinion Research Corp. survey released Thursday also indicates that roughly half the public believes the tax system is unfair, and as a result, four in 10 say they’re angry about [...]

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Obama advertises tax breaks ahead of Tax Day

By doris | Published: April 11, 2010

Full Story at msnbc.com WASHINGTON – Just ahead of Tax Day, President Barack Obama is urging Americans to take advantage of tax credits for first-time homebuyers, college students and others. Obama used his weekly radio and Internet address Saturday to promote some of the tax benefits in last year’s stimulus bill, saying they could save [...]

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IRS dumps private debt collectors, shifts pendulum

By doris | Published: March 7, 2009

Full Story At news.yahoo.com WASHINGTON – So much for privatizing the federal government. The Internal Revenue Service’s decision this week to quit using debt collectors to dun delinquent taxpayers was celebrated by public employee unions as a pendulum shift after watching the Bush administration often opt for private contractors over federal workers to deliver government [...]

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