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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 ...
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.
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.
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.
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.