Category Archives: Tax

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 [...]

Also posted in Government, IRS, Presidental | Leave a comment

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 IRS, Presidental, State Of The Union | Leave a comment

Obama aims to reward businesses that invest in US

By doris | Published: January 19, 2012

Full Story at NBCPolitics.msnbc.msn.com President Barack Obama said Wednesday he wants to reward companies that invest in America and eliminate tax breaks for companies that don’t, and he’s planning new tax proposals to do it. A day after his Republican foes competed in the New Hampshire primary, Obama sought to grab back the spotlight and [...]

Also posted in American, Economy, Presidental | Leave a comment

Payroll tax cut OK’d by Congress, signed by Obama

By doris | Published: December 24, 2011

Full Story at msnbc.com WASHINGTON — Shortly after Congress approved a two-month renewal of payroll tax cuts for 160 million workers and unemployment benefits for millions, President Barack Obama on Friday signed a bill formalizing the extension and won a convincing victory for his jobs agenda.  The voices of Americans “made a difference” in persuading [...]

Also posted in Benefits, Bill, Congress, Payroll, Unemployment | Leave a comment

Obama to talk about payroll tax impasse

By doris | Published: December 23, 2011

Full Story at CNN.com Washington (CNN) — President Barack Obama is expected to make a statement Thursday on the partisan standoff over how best to extend the expiring payroll tax cut, according to the White House. Obama will be joined by “Americans who would see their taxes go up if the House Republicans fail to [...]

Also posted in American, House of Representatives, Presidental | Leave a comment

House rejects payroll tax stopgap, hardening standoff

By doris | Published: December 21, 2011

Full Story at FirstRead.msnbc.msn.com House Republicans moved Tuesday to reject a Senate-passed tax cut extension, hardening a standoff over whether to extend an expiring payroll tax cut and clouding the prospects for a clear resolution to prevent a tax hike on Jan. 1. The House passed a measure that served the twin purposes of implicitly [...]

Also posted in House of Representatives, Republican, Senate, Stop | Leave a comment

House to vote Tuesday on Senate payroll tax plan

By doris | Published: December 20, 2011

Full Story at CNN.com Washington (CNN) — House Republican leaders put off until Tuesday a vote on a Senate plan to extend the payroll tax cut and said they were willing to work until the end of the year to negotiate a compromise with Senate Democrats. The vote had been expected Monday night, but after [...]

Also posted in Democrat, Republican, Senate, Voters | Leave a comment

Senate approves two-month extension of payroll tax cut

By doris | Published: December 17, 2011

Full Story at CNN.com Washington (CNN) — The Senate on Saturday voted to extend the payroll tax cut by two months, after both sides were unable to reach a comprehensive agreement to extend the payroll tax cut and unemployment benefits for a full year. The deal, passed in a 89-10 vote, includes a provision to [...]

Also posted in Payroll, Senate | Leave a comment

Deal made to avoid government shutdown

By doris | Published: December 16, 2011

Full Story at NBCPolitics.msnbc.msn.com WASHINGTON — Congressional negotiators reached agreement Thursday on a compromise spending bill to avert a weekend federal shutdown. They also worked toward a deal renewing the payroll tax cut and unemployment benefits for another year but prepared a shorter version as a fallback. Senate Majority Leader Harry Reid, D-Nev., told reporters [...]

Also posted in Benefits, Bill, Congress, Federal, Shutdown, Unemployment | Leave a comment

Treasury to stop producing unneeded dollar coins

By doris | Published: December 13, 2011

Full Story at whitehouse.blogs.CNN.com Vice President Joe Biden and several cabinet secretaries announced today the administration’s efforts to identify and eliminate misspent tax dollars. My favorite – the savings of $50 million annually by no longer minting unneeded and unwanted dollar coins. Deputy Secretary of the Treasury Neal Wolin says they currently have a decade [...]

Also posted in Money, Stop, Treasury | Leave a comment

Senate GOP leader predicts a payroll tax deal

By doris | Published: December 12, 2011

Full Story at CNN.com Washington (CNN) — Congress will agree to extend the payroll tax cut before it expires at the end of the year, two leading conservative Senate Republicans said Sunday. The comments demonstrated the GOP shift on a proposal originally opposed by Republican leaders, even as each side continues trying to persuade the [...]

Also posted in Benefits, Congress, Payroll, Republican, Unemployment | Leave a comment

Billionaires with 1% tax rates

By doris | Published: December 7, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — In case you haven’t heard, President Obama wants the wealthiest to pay more in taxes. Noting the rise in income inequality in recent years and the need to reform the U.S. tax system, the president on Tuesday said that some of the wealthiest in America pay far [...]

Also posted in Presidental, Wealthy | Leave a comment