Congress Strikes Back: Gives Taxpayers a 4% Approval Rating

Washington -- Still stinging from the lowly 10% approval rating it received from the American public, Congress has taken revenge, bestowing a measly four percent approval rating on taxpaying citizens. “Taxpayers...

Forget about the IRS Tax Refund Surprise this year

You are going to get turboed. According to this story Congress isn’t going to reform the tax code in an election year. However, last year I didn’t get relief at all and paid more than ever. " “Looking For Tax Reform This Year? It's Not Likely Mon, 02/06/2012 -...

Class Warfare Accusations and Rational Taxation Policies

Many in the anti-tax movement believe that taxes on higher incomes is "class warfare" or "punishing success." In fact, it is simple rationality. These people are wealthy enough that they can afford to pay a slightly higher tax. Whereas for people who do not have what they...

Checking the Status of Your Tax Refund

More than a little people are glad to learn they are due a tax refund after filling out their tax returns. If you are one of these populace, here is how to check the status of your refund online. Checking the Status of Your Tax Refund Online 2011 Previous to getting into...

Historical Tax Data and Tax Cuts

The history of income tax rates through the 20th century puts a lie to the claim that Reagan and Bush tax cuts benefit the middle class. Instead it shows that most of the tax cuts have gone to the highest incomes, whereas the middle and lower classes have...

Obama’s September Surprise: Taxes

Who said no drama? Don’t be too alarmed. It is a balanced approach. Let’s see how economists evaluate the mix. If the $1.5 billion is going to be exacted from the wealthy, the bankers, and corporations that...

Treasury Weighing Tax Cuts On Overseas Profits Of U.S. Companies

" The Treasury is weighing a proposal to eliminate some, but not all, of the taxes on overseas profits of U.S.-based companies, the Wall Street Journal reported on Saturday, citing two people familiar with the deliberations. Eliminating the taxes on some of the profits is...

Buffett is right: Raise taxes on the wealthy

By William G. Gale, Special to CNN(CNN) -- In Sunday's New York Times, Warren Buffett discusses the need to raise taxes on the wealthy. He's absolutely right. Tax increases, in general -- as well as tax...

Achieve growth and fiscal sanity. Restore Clintonomics.

All around the country, Republican candidates are running on the platform of cutting taxes. One often repeated claim is that cutting taxes has always created prosperity. That is the biggest lie. The last time the taxes were cut was under Bush. The Bush tax cuts for highest...

Take away taxes and live to fight again

Greedy Republicans Many economists will tell you that cutting government spending will cut jobs and increase unemployment. That is the price we pay to get out of debt, theoretically. However, if the economy isn’t...

Accept expense reductions, boot taxes to 2013

Expense and Revenue There are two dimensions to America’s debt problem: 1) expenses are too high and 2) revenues are too short. Republicans will address the spending problem now and so have Democrats. Accept a...

Wall Street Journal Lies About Obama's Position on Private Jets

"In a recent press conference, President Obama said: “I think it’s only fair to ask an oil company or a corporate jet owner that’s doing so well to give up that tax break….I don’t think that’s real radical.” However, in an article published by the Wall...

Pig-headed Republicans

Wallowing with the wealthy " ...

How Mitt Romney Became Wealthy By Helping Rich People Avoid Taxes

"Long before he entered politics, former Massachusetts Governor Mitt Romney was a partner at Bain & Company, a firm that helped wealthy people avoid paying taxes by setting up offshore accounts. While Romney didn’t do this for his own taxes, he charged other people...

Government Shutdown: Washington gets ready

"Washington has started getting ready for a possible government shutdown.Behind the scenes, federal agencies are working on their plans for shutting down operations and deciding how many workers they need to...

closeSign in to NowPublic

is reporting from