Obama Tax Cuts

WASHINGTON — Raising the direst alarm yet, the Obama administration warned fellow Democrats on Wednesday that if they defeat the big tax-cut compromise detested by many liberals, they could jolt the nation back into recession.

Two years ago, Members of Congress were forced to take a very difficult vote on what the federal government’s response would be to the worst economic collapse in modern history.

WASHINGTON — An outline of a bipartisan economic package is emerging that would temporarily extend the Bush-era tax rates for all taxpayers, while extending jobless benefits for millions of Americans.

Washington — Senate Republicans and a handful of Democrats Saturday defeated a bill to reauthorize unemployment benefits for the long-term jobless and a plethora of tax provisions for the middle class not because of the bill’s trillion-dollar deficit impact, but because it did not include tax cuts for the rich. “In economic times like these, […]

WASHINGTON — The White House held the door open Wednesday for a year-end compromise that would extend all the Bush-era tax cuts temporarily and the Senate’s top Republican said the only question that remained was how long current rates should be allowed to continue before they expire.

WASHINGTON — Senate Republicans intend to block action on virtually all Democratic-backed legislation unrelated to tax cuts and government spending in the current postelection session of Congress, officials said Tuesday, adding that the leadership has quietly collected signatures on a letter pledging to carry out the strategy.

Roland Martin and the “Washington Watch” roundtable to discuss the Obama Administration’s handling of the debate surrounding the Bush tax cuts.

What if a president cut Americans’ income taxes by $116 billion and nobody noticed?