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Republicans unveil tax proposal

GOP plan to extend array of tax breaks would raise deficits unless dramatic spending cuts are made.

Senh: This is beyond stupid. They're complaining about the deficit, and they're gonna raise it by extending tax cuts for the rich - people who can more than get by without it.

GOP seeks distance from Boehner

GOP colleagues of House Minority Leader John Boehner are distancing themselves from the Ohio Republican's recent remarks that he would support President Obama's tax proposal.

Boehner would back U.S middle-class tax cuts alone

The top Republican in the House said on Sunday he would support an extension of tax cuts for middle-class Americans even if tax cuts for the wealthy are allowed to expire.

Senh: This is progress. It seems like common sense. Give tax relieve to people who need it. The rich don't need more money.

Live-Blogging Obama's News Conference

President Obama held his first full-scale White House news conference in three months and the first of the fall campaign season. He announced his promotion of the White House economist, Austan D. Goolsbee, to succeed Christina Romer as chairman of the president’s Council of Economic Advisers, and also addressed other issues of the day, including the Middle East peace talks and the debate over extending the Bush tax cuts.

GOP Proposes Renewing Tax Cuts, Freezing Spending

House Republican Leader John Boehner (BAY'-nur) is proposing a two-year freeze on all tax rates and a cut in government spending to the levels of 2008, before the recession hit. In a broadcast interview, the Ohio Republican offered an alternative to ...

Senh: Rich people don't need anymore money.

Obama Economic Team Weighing Tax Cuts, Infrastructure Spending To Spur Economy: WSJ

The Obama administration is considering a range of new measures to boost economic growth, including tax cuts and a new nationwide infrastructure program, according to people familiar with the discussions. On the list of possible actions: additional tax cuts for small businesses beyond those included in a $30 billion small-business lending bill before the Senate. It's not clear what those tax breaks would target or how much they might cost in lost revenue to the government.

Analysis Looks at Effect of Letting Tax Cuts Lapse for Rich

Taxes would not rise for 98 percent of American households under the president’s plan; those earning $1 million or more would pay an average $100,000 more than they are now.

Greenspan Calls for Repeal of Bush Tax Cuts

The former chairman of the Federal Reserve said keeping the cuts would drive up borrowing costs and could lead to another financial crisis.

Senh: Something like this is common sense, isn't it? If you don't have the money to spend, why are you giving it away to people who don't need it? The rich don't need to be richer.

Geithner: 'Responsible' to End Tax Cuts for Wealthy

Treasury Secretary Timothy Geithner on Sunday disputed claims that allowing a portion of the Bush tax cuts to expire will choke economic growth, saying the government needs to do the "responsible" thing and show the world it is capable of tackling the deficit.

Mike Pence Explains Why America Can Afford Tax Cuts For The Rich But Not Jobless Aid

The unsavory task of explaining why America apparently can't afford to help the unemployed but can afford tax cuts for the rich fell to Rep. Mike Pence (R-Ind.) on Sunday.

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