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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: tax policy

tax policy stories: 9 news summaries

(Newser) - The $1.4 million the plastics industry spent to defeat a grocery bag tax initiative paid off yesterday when Seattle voters defied their green reputation to reject the tax, the Seattle Post-Intelligencer reports. The measure would have charged shoppers 20 cents per plastic or paper bag as an incentive to... More »

MORE ABOUT:
plastic bags • environmentalism • Seattle • lobbying • tax policy • voter referendum

Time May Be Right to Talk Raising Taxes

In poll, less than half
of Americans say
they pay too much

Aug 7, 09 9:51 AM CDT
(Newser) - If the administration must raise taxes, now could be its big chance, NPR reports. Only 46% of Americans in a recent Gallup poll said their taxes were too high—the smallest fraction since 1961. “Americans, relatively speaking, are more satisfied with the amount of taxes they pay than they... More »

MORE ABOUT:
taxes • White House • middle class • tax hikes • tax policy • Obama administration • Treasury secretary • Robert Gibbs • President Obama • Timothy Geithner

(Newser) - Boy, the winter of 2007-2008 seems like a lifetime ago. Back then, Ron Paul was "the class nerd" at Republican primary debates, eliciting eye-rolls and laughter with seemingly bizarre opinions. Now, Paul's "rants about the Federal Reserve, monetary policy and the devaluation of the dollar" are the... More »

MORE ABOUT:
Ron Paul • Republican Party • tax policy • conservatives

(Newser) - Main Street doesn’t hold a monopoly on victimhood, Gabriel Sherman writes in New York. From AIG execs and their disappearing bonuses to Wall Street bankers who get dirty looks, the once-privileged feel like they’re shouldering too much blame. “It is difficult to sympathize with these people,”... More »

MORE ABOUT:
executive compensation • recession • financial services • investment bankers • tax policy • Obama administration • Wall Street bailout • economic downturn

Madoff, Stanford Victims Can Get Break From IRS

Taxpayers may deduct up to 95% of Ponzi losses: commissioner

Mar 17, 09 12:35 PM CDT
(Newser) - Victims of Ponzi schemes—including those perpetrated by Bernard Madoff and R. Allen Stanford—can claim big deductions on their taxes, the IRA commissioner told lawmakers today. The matter, unclear in the tax code, had been a concern for victims, the New York Times reports. The IRS “is issuing... More »

MORE ABOUT:
taxes • IRS • Ponzi scheme • tax policy • Bernard Madoff • Robert Allen Stanford

ANALYSIS

McCain's Final Strokes Paint Obama With Lefty Brush

Democrat's tax plans amount to 'welfare,' Republican charges

Oct 24, 08 3:19 PM CDT
(Newser) - John McCain criticized Barack Obama’s economic plans yesterday as the Republican focuses on portraying his opponent as a tax-and-spend liberal with a socialist vision for America, the Los Angeles Times reports. McCain had hoped to iconic plumber Joe on his tour of central Florida, but Joe Wurzelbacher refused. Instead,... More »

MORE ABOUT:
Barack Obama • John McCain • small businesses • Election 2008 • Florida voting • tax policy • Joe Wurzelbacher • Joe the Plumber

ANALYSIS

With Economy Uncertain, So Is Obama's Plan

Presidential hopeful's top priorities would cost hundreds of billions

Aug 26, 08 1:55 PM CDT
(Newser) - Presumptive Democratic presidential nominee Barack Obama promises change, but if he’s elected in the current uncertain economy, those changes may come later rather than sooner, the Wall Street Journal reports. Obama’s big economic priorities–government-sponsored health care for millions, greenhouse-gas reductions, and tax increases—leave the government with... More »

MORE ABOUT:
China • Barack Obama • cap and trade • health care reform • economic stimulus package • tax policy • Obama administration • Obamanomics

ANALYSIS

Candidates Differ Most
Widely on Wealthy

McCain says tax cuts for wealthy will fuel economy; Obama sees taxing as means to an end

Aug 21, 08 3:58 PM CDT
(Newser) - John McCain and Barack Obama both target the very wealthy in plans to overhaul the tax code, to the opposite effect: Obama would raise their taxes and McCain would cut them. It's the most profound difference in their dueling proposals to stimulate the economy, the Los Angeles Times notes in... More »

MORE ABOUT:
Barack Obama • John McCain • tax breaks • Election 2008 • tax policy

McCain Outlines More Specific
Fiscal Stance

Candidate looks to cut taxes, project fiscal responsibility

Mar 3, 08 12:45 PM CST
(Newser) - How would John McCain run the economy, really? In an interview with the Wall Street Journal, the candidate tried to answer that question, positioning himself as a fiscally responsible defender of the Bush tax cuts. But the candidate’s tax proposals don’t quite add up, the Journal... More »

MORE ABOUT:
John McCain • US economy • domestic policy • tax cuts • Social Security • budget deficit • McCain 2008 • economic plans • tax policy • balanced budget

9 Stories


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