Taxing The Wealthy, Lawmaker | featured news

Obama to Congress: 'Keep going' on economy front

Relishing a political victory, President Barack Obama said Tuesday that Congress "did the right thing" by extending payroll tax cuts for millions of Americans. He urged lawmakers to push forward on more measures, from assistance to struggling homeowners to increased taxes on the wealthy, saying the looming election was no excuse for inaction in Washington.

 

New York Lawmakers Said to Reach Deal on ‘Millionaires’ Tax’

New York Lawmakers Said to Reach Deal on ‘Millionaires’ Tax’

The plan would generate $4 billion a year by raising taxes on the highest earners, in a move that would help to close the state’s budget deficit.

 

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