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Jan 5, 2008 9:44 AM CST

Tax Issues Loom Over Campaign

Candidates offer differing views on 'fair tax,' extending Bush cuts

(Newser) - With President Bush’s tax cuts set to expire in 2010, tax reform could become a key issue in this year’s presidential race, the Christian Science Monitor reports. Most Republican candidates favor extending the cuts, though Mike Huckabee and Ron Paul support eliminating income tax altogether. The Democratic candidates...

Bush's Wins Now Could Be Trouble Later

Dec 15, 2007 4:53 PM CST

Bush's Wins Now Could Be Trouble Later

Victories over Dems may hurt his own initiatives, raise debt

(Newser) - Christmas came early for President Bush, who’s scored a slew of recent victories over the Democratic Congress. But the wins could threaten both the federal debt and some of his own pet projects, the Washington Post speculates. Bush’s steadfast opposition to tax-increasing spending measures from Democrats could push...

Looming Tax
Bill to Test
Dem Loyalties

Nov 7, 2007 8:04 PM CST

Looming Tax Bill to Test Dem Loyalties

Bill to help middle class hurts their hedge-fund backers

(Newser) - A bill to give tax breaks to middle- and low-income people by closing loopholes that keep equity executives’ tax rates low is set for a vote this week in Congress, the Washington Post reports, forcing Democrats to choose between standing up for the common man and protecting the hedge-fund managers...

Buffett: I Should Pay More Taxes

Oct 31, 2007 10:41 AM CDT

Buffett: I Should Pay More Taxes

'Oracle of Omaha' says scales have tipped toward the rich

(Newser) - America’s second-richest man, Warren Buffett, stood up for the little guy last night, telling NBC that he and über-wealthy people like him should pay more taxes. The system has dramatically “tilted toward the rich and away from the middle class,” he said. Surveying his office, Buffett...

Rangel Floats Sweeping Tax Reform Bill

Oct 25, 2007 2:06 PM CDT

Rangel Floats Sweeping Tax Reform Bill

Rolls back Bush cuts for wealthy; unlikely to advance soon

(Newser) - A Democratic bill unveiled today would dramatically alter the tax code, hiking taxes for those making more than $200,000 and slashing them for most others. The overhaul, which would effectively roll back Bush’s cuts for the wealthy, isn’t expected to get any traction until the White House...