Taxing The Wealthy | featured news

A majority of Americans would rather see higher taxes on the wealthy before cuts are made to public services such as food safety and border security, according to a survey released Monday by a major federal employee union.

Americans support raising taxes on the rich by a two-to-one margin, with many believing an increase would both help the economy and make the tax system fairer, according to a Pew poll released Monday afternoon. Forty-four percent of adults surveyed said that raising taxes on incomes above $250,000 would help the economy and increase fairness, while 22 percent said it would hurt the economy and 21 percent that it would make the system less fair.

To see where the presidential candidates stand on taxing the rich, just look at how they'd tax themselves. To see where the presidential candidates stand on taxing the rich, just look at how they'd tax themselves. Under his own proposal, Mitt Romney would pay half what he would under President Barack Obama's tax plan. For a man of Romney's means, that could save almost $5 million a year.

The political battle over President Obama’s plan to keep student loan interest rates from skyrocketing escalated as Senate Republicans blocked a Democratic proposal to tax wealthier earners to pay for it.

The Republican-controlled U.S. House of Representatives on Thursday passed a tax break for small businesses, giving voters a stark alternative to President Barack Obama's politically popular "Buffett Rule" surtax on the wealthy.

The Senate rejected consideration Monday of the “Buffett rule ,” a key election-year Democratic initiative that would impose a minimum tax rate on those making more than $1 million per year, as a philosophical debate over taxes that will define this year’s elections occurred on Capitol Hill.

President Barack Obama's proposal to impose a "Buffett rule" tax on the rich is generating enormous political wattage, but the plan itself would directly affect only a tiny fraction of Americans.

President Obama used a Tuesday speech to not only push legislation enacting the so-called "Buffett Rule," but also outline his vision for the economy versus Republican presidential rivals.

Republicans are ready to ram through the House an election-year, $3.5 trillion budget that showcases their deficit-cutting plan for revamping Medicare and slicing everything from food stamps to transportation while rejecting President Barack Obama's call to raise taxes on the rich....

An Associated Press-GfK poll shows that President Barack Obama's proposal to make millionaires pay a significant share of their incomes in taxes is widely popular. But the plan is not shaking the public's embrace of spending cuts as the best way to balance the budget....