Obama Tax Cuts

I’ve never had a problem with money. It’s good, it’s green, you can do fun things with it. As a finance professor, though, I learned long ago that there is a difference between appreciating the power of money, and falling in love with it. America is a country that loves money the way Flava Flav […]

WASHINGTON — President Barack Obama has signed legislation extending a payroll tax cut for two months. The action concludes an end-of-year drama that split Republicans and threatened a tax hike on 160 million Americans. Obama acted Friday after the House and Senate approved the tax cut extension, which will maintain the Social Security tax at […]

WASHINGTON — The House Tuesday rejected legislation to extend a payroll tax cut and jobless benefits for two months, drawing a swift rebuke from President Barack Obama that Republicans were threatening higher taxes on 160 million workers on Jan. 1. SEE ALSO: 10 Most Watched YouTube Videos Of 2011

NEW YORK (AP) — Blending governing with re-election politics, President Barack Obama roused a cheering northeast Pennsylvania crowd Wednesday as he warned of a “massive blow to the economy” if Republicans block a payroll tax extension. But hours later, addressing donors in New York, he toned his rhetoric down and declared progress was possible. Obama […]

CANNON FALLS, Minn. — Hitting back against an emboldened GOP, President Barack Obama launched a rare direct attack Monday on the Republican presidential field, criticizing his potential 2012 rivals for their blanket opposition to any deficit-cutting compromise involving new taxes. “That’s just not common sense,” Obama told the crowd at a town hall-style meeting in […]

WASHINGTON — The massive new tax bill signed into law by President Barack Obama is filled with all kinds of holiday stocking stuffers for businesses: tax breaks for producing TV shows, grants for putting up windmills, rum subsidies for Puerto Rico and the Virgin Islands.

Washington — President Barack Obama on Friday signed an $858 billion tax bill into law, saying “this is progress and that’s what they (the American people) sent us here to achieve.”

WASHINGTON — A massive bipartisan tax package preventing a big New Year’s Day tax hike for millions of Americans is on its way to President Barack Obama for his signature Friday.

WASHINGTON — A massive tax package that would save millions of Americans thousands of dollars in higher taxes is headed for a vote in the House Thursday even as rebellious Democrats complain it is too generous to the wealthy.

WASHINGTON — In a reach across party lines, the Senate overwhelmingly passed sweeping legislation Wednesday to prevent a Jan. 1 income tax increase for millions and to renew jobless benefits for the long-term unemployed. A House vote is expected by Thursday.

WASHINGTON — The Senate Wednesday overwhelmingly passed a sweeping tax package that would save millions of Americans thousands of dollars in higher taxes while also reducing their Social Security taxes and extending jobless benefits.

WASHINGTON — House Democrats considered changes in legislation to avoid a Jan. 1 jump in income taxes on Tuesday, despite a warning from Republicans that the bill’s passage could be endangered as a result.