Taxes

Today, the House Ways and Means Committee held its first hearing on tax-reform of the 112th Congress. Several witnesses testified at the meeting...

Dr. Christina Romer is calling for President Obama to use his January 25th State of the Union address as a means to outline a credible plan to lower...

Can Dreams of Cooperation be Fulfilled? – Yesterday the nation celebrated the legacy of Dr. Martin Luther King, Jr. His vision of unity and...

In her latest commentary on CNN Money, CRFB President Maya MacGuineas says that despite the rhetoric on reducing the deficit, some of the high-profile...

Shooting Puts Legislative Business on Hold – The shooting of Congresswoman Gabrielle Giffords and 19 others in Tucson, Arizona has resulted in House...

In its annual report to Congress Wednesday, the National Taxpayer Advocate stated unequivocally that "the most serious problem facing taxpayers - and...

Deck the Halls with Bills of Folly – On Friday President Obama signed the $858 billion tax cut package that Congress passed earlier in the week...

Nearing the end of the week, markets are still wrestling with the same cross-currents they faced last week, but with a new wrinkle - Spain. The growth...

Update 12/17: The House approved of the tax cut package late Thursday on a 277-148 vote. The bill now goes to the White House for the president's...

Update: The Senate passed the tax cut legislation on a 81-19 vote. It now moves to the House, which may act Wednesday or Thursday. With the Senate...

The Senate is poised to pass a tax cut package that will add over $850 billion to our deficit. Meanwhile, a pork-laden $1.108 trillion omnibus...

With the Senate getting past a procedural vote in approving the tax deal, it appears more and more likely that this deal will soon become law. With...