May 14, 2015 |
MANCHESTER, N.H. - Gov. Christie attacked President Obama's economic record while calling for lower income and corporate tax rates during a speech Tuesday, the latest installment in a push to gain presidential ground in the first-in-the-nation primary state. Christie, who also called for a less restrictive approach to government regulation and a national energy strategy that would include completion of the Keystone XL pipeline, said the Democratic president's "high-tax, heavy-regulation" policies were responsible for a slow economic recovery that has taken a particular toll on the middle class.
April 14, 2014 |
TRENTON - The Christie administration is proposing a series of "tax policy adjustments" in its next budget to "close loopholes, increase consistency, and support fairness. " But none of them, the Christie administration says, are new taxes or tax increases. Fees and adjustments are favored terms for both parties in modern political discourse. But the tax rhetoric being used by the administration is notable, in part, because the Republican governor repeatedly attacked his Democratic rival in his reelection campaign last year for voting to raise taxes and fees "154 times" in her legislative career.
March 26, 2013
By Aspen Gorry and Sita Nataraj Slavov In proclaiming March as Women's History Month, President Obama stated that "too many women feel the weight of discrimination on their shoulders. " Liberals often make this claim, citing the fact that women earn only 77 cents for every dollar earned by men, and call for stronger protection against gender-based discrimination by employers. Conservatives typically respond by pointing out that men and women tend to make different choices about occupation, working hours, and whether to take time off from the labor force.
March 18, 2013 |
WASHINGTON - The tax plan embedded in the House Republican budget would cut taxes by $5.7 trillion over the next decade, with the benefits flowing disproportionately to very wealthy households, according to a new analysis by the nonpartisan Tax Policy Center. Taxpayers earning more than $1 million a year would benefit the most from the GOP tax plan, the analysis shows, reaping an average $400,000 tax break that would send their after-tax income soaring by nearly 20 percent. Meanwhile, taxpayers earning between $40,000 and $50,000 a year - closer to the national average - would see their taxes cut by about $666 on average, increasing their after-tax income by less than 2 percent.
January 8, 2013
HERE'S A QUESTION: Have you seen your first 2013 paycheck (if you're lucky enough to have one)? Notice anything? Like, less money in your take-home pay? And - be honest - did you know that was coming? Or did you think that since you don't make $400,000, you were held harmless when we didn't dive off the "fiscal cliff"? "I think people will be surprised," says veteran economist David Kautter, managing director of American University's Kogod Tax Center. "It's one thing to listen to debates about taxes and spending, but it's not real until it impacts you. " You now may know that what happened to your paycheck is part of the deal between Congress and the White House.
January 7, 2013 |
Despite all the drama leading up to New Year's Day, the tax deal signed Thursday by President Obama did virtually nothing to change the trajectory of the U.S. government's debt-laden finances. The deal raised some taxes, but not enough to prevent the slow starvation of federal programs to help the poor and elderly, according to advocates for such programs. By leaving spending cuts off the table for the most part, the American Taxpayer Relief Act of 2012 set up what is sure to be an ugly fight over raising the nation's debt limit by early March.
January 3, 2013 |
WASHINGTON - The bill was 153 pages long. It was written only the day before, by Washington insiders working in the dark of night. It was crammed with giveaways and legislative spare parts: tax breaks for wind farms and race tracks. A change to nuclear-weapons policy. Government payments for cheese. And most significant, the bill would raise taxes but do relatively little to cut government spending or the huge federal deficit. To a tea-party-influenced crop of House Republicans, the bill to resolve the fiscal cliff crisis was everything they had wanted to change about the way Washington worked.
December 31, 2012 |
EFFORTS TO SAVE the nation from going over a year-end "fiscal cliff" were still in disarray as lawmakers returned to the Capitol to confront the tax-and-spend crisis. A tone-setting quotation was Democratic Sen. Harry Reid's assertion that the House under Republican Speaker John Boehner had been "operating with a dictatorship. " President Obama flew back to Washington from Hawaii after telephoning congressional leaders from his Christmas-vacation perch. Once back, he set up a meeting with leaders of both parties at the White House late Friday to make a fresh attempt to find a solution before Monday night's deadline.
December 31, 2012 |
WASHINGTON - If President Obama and Congress ring in the New Year by tumbling over the fiscal cliff, the people who feel the biggest immediate impact will be those already facing some of the most dire circumstances. Emergency unemployment benefits, which help people who have been out of work for more than 26 weeks and who have exhausted their state support, will be cut off without a deal, immediately ending financial aid for more than 2 million people across the country, including roughly 240,000 in Pennsylvania and New Jersey.
December 26, 2012 |
WASHINGTON - Workers probably won't feel the full brunt of next year's tax increases in their January paychecks, but don't be fooled by the temporary reprieve. No matter what Congress does to address the year-end fiscal cliff, it's already too late for employers to accurately withhold income taxes from January paychecks, unless all the current tax rates remain unchanged, which is unlikely. Social Security payroll taxes are set to increase on Jan. 1, so workers should immediately feel the squeeze of a 2 percent cut in their take-home pay. But as talks drag on over how to address other year-end tax increases, the Internal Revenue Service has delayed releasing income tax withholding tables for 2013.