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October 6, 2008 6:52:49 AM CDT

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Stories related to: taxes

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Stories 1 - 20 of 66

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  • September 2008

    • Main Street Skeptics Slam Bailout Scheme

      Washington Post  |  Sep 22, 08 10:40 AM CDT

      Main Street Skeptics Slam Bailout Scheme

      (Newser) - While Wall Street stands to gain in the federal bailout, many on Main Street are deeply skeptical, the Washington Post finds in a heavily foreclosed-upon Virginia community. “I've been financially responsible with my own money. Why should I now be responsible for the fact that you were not?” wonders one local. Many agree, and the government has hardly tried to convince them otherwise. More »

      Tags

      George W. Bush  • US economy  • bailout  • taxes  • subprime mortgage crisis  • Main Street

    • Calif. Budget Deal Pays '08 Debt With '09 Taxes

      Los Angeles Times  |  Sep 15, 08 9:21 AM CDT

      Calif. Budget Deal Pays '08 Debt With '09 Taxes

      (Newser) - California lawmakers have finally come to an agreement on the new state budget, ending a stalemate in which Republicans refused to add new taxes and Democrats fought against cutting funding for education and health care. The compromise sees the state using next year's money to pay off its current debts, writes the Los Angeles Times . More »

    • 'Language Barrier', Not Tax Evasion: Rangel

      New York Times  |  Sep 11, 08 10:15 AM CDT

      'Language Barrier', Not Tax Evasion: Rangel

      (Newser) - Rep. Charles Rangel blamed his failure to pay taxes on his rental income from a Caribbean villa to “cultural and language barriers,” reports the New York Times . “Every time I thought I was getting somewhere, they’d start speaking Spanish,” Rangel said of his attempts to sort out his paperwork. The congressman admitted responsibility for his errors and submitted materials for an ethics investigation. More »

  • August 2008

    • Rangel Denied Chance to Speak in Denver

      Politico  |  Aug 14, 08 1:00 PM CDT

      Rangel Denied Chance to Speak in Denver

      (Newser) - Charles Rangel won’t be speaking at the Democratic National Convention, Politico reports. Representatives made a pitch for an address by the House Ways and Means Chairman, but the Obama campaign told them that Rangel’s early support for Hillary Clinton had given him low priority—even though the congressman played a crucial role in persuading Clinton to bow out. More »

    • McCain Policies Oddly Short on Specifics

      Politico  |  Aug 1, 08 12:07 PM CDT

      McCain Policies Oddly Short on Specifics

      (Newser) - John McCain’s policy cupboards are unusually bare for a presidential candidate, while his rival’s are unusually well stocked, Politico reports. McCain, for example, describes Social Security as "an absolute disgrace" but offers scant details for reforming it. "He has not offered very much in specifics that I have seen," said a budget analyst at the conservative Heritage Foundation. More »

      Tags

      Barack Obama  • John McCain  • taxes  • Douglas Holtz-Eakin

  • July 2008

    • Obama Will Plunge US Into Recession

      Wall Street Journal  |  Jul 29, 08 10:15 AM CDT

      Obama Will Plunge US Into Recession

      (Newser) - Barack Obama’s campaign promises on the economy—particularly on taxes and trade—would be a disaster for Americans at all income levels, an adviser to the first President Bush writes in the Wall Street Journal . On “tax, spending, energy, regulatory, and trade policy, if the proposals espoused by candidate Obama ever became law, the American economy would suffer a serious setback,” Michael Boskin says. More »

      Tags

      Barack Obama  • Election 2008  • economy  • taxes  • George H. W. Bush  • NAFTA  • free trade agreements  • Obamanomics

    • UBS: No More Swiss Cheese for US Clients

      Wall Street Journal  |  Jul 17, 08 3:08 PM CDT

      UBS: No More Swiss Cheese for US Clients

      (Newser) - A UBS executive told a Senate probe today the bank will no longer host accounts for US clients, the Wall Street Journal reports. The Swiss bank is under investigation by the IRS for marketing tax-evasion strategies involving its offshore accounts to wealthy Americans. The Senate panel estimates that the US loses about $100 billion annually due to offshore tax evasion. More »

      Tags

      Senate  • taxes  • UBS  • IRS  • tax evasion  • Swiss bank  • savings account

    • Not So Fast With Those Numbers, David Brooks

      TPM Cafe  |  Jul 2, 08 7:12 PM CDT

      Not So Fast With Those Numbers, David Brooks

      (Newser) - Despite David Brooks' attempts to “muddy” the mathematical waters, Barack Obama’s tax plan doesn’t hit the wealthy very hard—and it’s the one that helps the middle class, Jared Bernstein writes in Talking Points Memo Café. Brooks wrote in the Times that moneyed Americans would pay “over 50% of their income” under Obama, but Bernstein says the top 1% would fork over 36%, the top 0.1% only 39%—comparable to rates under Clinton. More »

      Tags

      Barack Obama  • John McCain  • Bill Clinton  • taxes  • wealth  • middle class  • David Brooks

  • June 2008

    • What's Your Salary? In Sweden, It's No Secret

      USA Today  |  Jun 19, 08 7:15 PM CDT

      What's Your Salary? In Sweden, It's No Secret

      (Newser) - In America, tax information is kept private by law. In Sweden, "you can see what your brother-in-law made, your neighbor made," says one Justice Ministry official. Like its Scandinavian counterparts Norway and Finland, Sweden makes all tax returns public every year—and no one seems to care, reports USA Today . More »

      Tags

      taxes  • Norway  • Sweden  • Finland  • federal income tax

    • $16B Deficit May Help Keep Gay Marriage Legal in Calif.

      The Advocate  |  Jun 18, 08 8:15 PM CDT

      $16B Deficit May Help Keep Gay Marriage Legal in Calif.

      (Newser) - With a constitutional amendment on the November ballot that could dam the just-unleashed tide of same-sex marriage in the state, proponents believe California's $16 billion budget deficit could be the deciding factor for voters, Julie Bolcer writes in the Advocate . "I think this is a huge opportunity for businesses and the community as a whole," one chamber of commerce rep says. More »

      Tags

      California  • economy  • gay marriage  • taxes  • same-sex marriage  • referendum  • weakening economy

    • Bush's 'Poison Pill' Haunts Both Parties

      New York Times  |  Jun 16, 08 9:28 AM CDT

      Bush's 'Poison Pill' Haunts Both Parties

      (Newser) - President Bush’s tax cuts have become the governmental equivalent of a corporate poison pill, Paul Krugman observes in the New York Times , aimed at hamstringing new stewardship. Both prospective replacements have tax plans very much haunted by the Bush cuts, with one-time critic John McCain promising not only to make them permanent, but add more—and without a plan to replace revenue. More »

    • War Spending Strategy: Soak the Grandkids

      Washington Post  |  Jun 11, 08 11:47 AM CDT

      War Spending Strategy: Soak the Grandkids

      (Newser) - As Congress tackles the latest "emergency" spending bill for Iraq and Afghanistan, bringing the total to more than $860 billion, Ruth Marcus notes in the Washington Post: "For the first time in American history, every penny of that amount will have been borrowed. For the first time, billions more will have been borrowed to finance tax cuts in the midst of war. " More »

      Tags

      George W. Bush  • Iraq war  •