Middle-income | featured news

A comment by Republican presidential nominee Mitt Romney earlier this week regarding how he would overhaul the U.S. tax code set off a back-and-forth between the Romney and Obama campaigns on Wednesday.

In an abrupt reversal, Britain’s chancellor said Monday that the government would no longer pay child benefits to middle-income and high-earning families.

The White House said the economic stimulus bill created or saved about 2.5 million jobs through the first quarter, mostly as a result of tax relief and financial assistance to lower- and middle-income families.