Tax Cuts | featured news

Democratic leaders called on Wednesday for new spending and tax cuts to boost the sluggish U.S. economy, setting up a fresh hurdle for bipartisan efforts to head off a government debt default this summer.

President Obama is ending a difficult year with two significant events which the White House hopes will change perceptions of his leadership and bolster his authority.

President Barack Obama signed into law an $858 billion bill extending for two years Bush-era tax cuts to boost a fragile economy and add jobs.

It's the most significant new tax law in a decade, but what does it mean for you? Big savings for millions of taxpayers, more if you have young children or attend college, a lot more if you're wealthy.

The House gives final congressional approval Thursday night to sweeping, bipartisan legislation to avoid a Jan. 1 spike in income taxes, sending the bill to President Obama for signing.

Liberals in the House have forced a vote on a different version of the estate tax provision. They also protest the terms of debate on the tax-cut bill, demanding a separate vote so they can voice opposition.

A deal that President Barack Obama struck with Republicans to extend expiring tax cuts for nearly every working American and spur job growth sailed through the Senate on Wednesday.

Former Massachusetts Gov. and potential GOP 2012 presidential candidate Mitt Romney today penned an op-ed in USA Today criticizing the tax deal, though he stopped short of urging Republicans in Congress to vote against it. "Death and taxes, it is said ...

Republicans and Democrats joined forces in the Senate on Monday to deliver the most significant bipartisan vote since President Obama took office, advancing a plan to extend tax cuts for virtually every American and to boost the economic recovery.

The Democratic-led U.S. Congress moved on Monday toward grudging approval of President Barack Obama's deal with Republicans to extend expiring tax cuts, even for the wealthiest Americans.