White House vows to kill deal to permanently extend business tax breaks - Minneapolis Star Tribune

Wed, 11/26/2014 - 3:39pm

White House vows to kill deal to permanently extend business tax breaks
Minneapolis Star Tribune
WASHINGTON — The White House is working feverishly to quickly scuttle a congressional effort to permanently renew generous tax breaks for businesses and individuals, saying a plan brewing on Capitol Hill favored corporations over the working class ...

White House veto threat shelves possible tax plan - The Detroit News

Wed, 11/26/2014 - 12:52pm

The Detroit News

White House veto threat shelves possible tax plan
The Detroit News
The White House immediately weighed in with a veto threat, saying Congress should also make permanent a top Obama administration priority: extending more generous tax credits for the working poor and people with children. They were left out of ... “The ...

GOP demands a pound of flesh in tax deal - MSNBC

Wed, 11/26/2014 - 12:06pm

MSNBC

GOP demands a pound of flesh in tax deal
MSNBC
House Republicans haven't had much success this Congress passing actual legislation into law, but they've nevertheless invested quite a bit of time focusing on one of their favorite pastimes: cutting taxes without paying for it. ... The Center on ...
GUEST COLUMN: Analysis of 2014 state elections from pharmacy perspectiveDrug Store News

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Tax showdown: Congress nears deal to avoid hikes, Obama vows veto - McClatchy Washington Bureau

Tue, 11/25/2014 - 10:04pm

McClatchy Washington Bureau

Tax showdown: Congress nears deal to avoid hikes, Obama vows veto
McClatchy Washington Bureau
WASHINGTON — Congressional leaders appeared near a deal late Tuesday to renew some $450 billion in tax deductions cherished by consumers, citizens and companies alike. The White House called it a bad ... Patty Murray, D-Wash., who for a few more weeks ...

Photo: Getty Images/Win McNamee - The New Republic

Tue, 11/25/2014 - 9:42pm

The New Republic

Photo: Getty Images/Win McNamee
The New Republic
Tax extenders are a collection of 55 tax breaks that Congress has traditionally renewed at the end of the calendar year. Ninety percent ... Deficit-focused organizations like the Committee for a Responsible Budget are blasting the emerging agreement ...

Tax showdown: Congress nears deal to avoid hikes, Obama vows veto - Charlotte Observer

Tue, 11/25/2014 - 9:18pm

Charlotte Observer

Tax showdown: Congress nears deal to avoid hikes, Obama vows veto
Charlotte Observer
Patty Murray, D-Wash., who for a few more weeks heads the Senate Budget Committee, has pushed for a permanent extension of the sales-tax deduction for states without an income tax. “She has also ... Aggravating the debate: annual deficits and rising debt.

Congressional Talks On Tax Breaks Stall -- Update - Nasdaq

Tue, 11/25/2014 - 8:42pm

Congressional Talks On Tax Breaks Stall -- Update
Nasdaq
Lawmakers had neared an agreement to make permanent a handful of temporary tax breaks in a deal expected to add $ 450 billion to the federal budget deficit over the next decade, according to people familiar with the discussions. But the threat of a ...

Veto threat derails Reid tax deal - The Hill

Tue, 11/25/2014 - 7:48pm

Veto threat derails Reid tax deal
The Hill
Congressional scorekeepers currently assume that the temporary tax breaks will expire as scheduled, even though lawmakers have consistently revived them. If the tax breaks are extended for good, tax writers wouldn't have to find offsets to keep them or ...

White House vows to kill deal to extend tax breaks - U-T San Diego

Tue, 11/25/2014 - 6:51pm

White House vows to kill deal to extend tax breaks
U-T San Diego
WASHINGTON (AP) — The White House is working feverishly to quickly scuttle a congressional effort to permanently renew generous tax breaks for businesses and individuals, saying a plan brewing on Capitol Hill favored corporations over the working ...

Obama Threatens To Veto Corporate Tax Cut Deal For Locking Out Middle Class - Huffington Post

Tue, 11/25/2014 - 6:37pm

Obama Threatens To Veto Corporate Tax Cut Deal For Locking Out Middle Class
Huffington Post
Making temporary tax cuts permanent makes it harder to cut a broader deal, because Congressional accounting allows lawmakers to count the expiration of a temporary deal as budget savings that reduces the deficit. Earlier on Tuesday, White House aides ...

White House threatens to veto tax deal - Politico

Tue, 11/25/2014 - 6:33pm

Politico

White House threatens to veto tax deal
Politico
“To be able to find hundreds of billions of dollars for other tax cuts and not find money for these families, when almost everything else Congress has done they felt the need to come up with money to pay for it … it's somewhat ironic.” Aides said ...

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Country Doesn't Have A Race Problem, No Sir [Grits Teeth, Turns Up Light Music ... - Huffington Post

Tue, 11/25/2014 - 6:18pm

Country Doesn't Have A Race Problem, No Sir [Grits Teeth, Turns Up Light Music ...
Huffington Post
HOORAY FOR THE HOLIDAY SCROOGE TAX - Classic Congress -- $400 billion in deficit spending for big biz at the holidays. Igor Volsky: "Senate Majority Leader ... DAILY DELANEY DOWNER - "More than 16 million people in low- and modest-income working ...

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Tom Schaller: The right systematically manufactures bogus news - Baltimore Sun

Tue, 11/25/2014 - 3:02pm

Tom Schaller: The right systematically manufactures bogus news
Baltimore Sun
Because as of late last Friday afternoon — when a Republican-led House committee admitted that disgraceful Republicans in Congress wasted two years and millions of taxpayer dollars investigating a Benghazi scandal largely of their own invention ...

Paul Ryan Plans A CBO Rubber Stamp For Trickle Down Disaster - PoliticusUSA

Tue, 11/25/2014 - 12:26pm

Paul Ryan Plans A CBO Rubber Stamp For Trickle Down Disaster
PoliticusUSA
If Americans recall, it was the CBO that projected Ayn Rand devotee Paul Ryan's Path to Prosperity budget would explode the nation's deficit, crush economic growth, kill jobs, and starve the federal government of revenue. ... Republicans in the House ...

More than 40000 immigrants in TN may benefit from Obama action - Watchdog.org

Tue, 11/25/2014 - 7:21am

More than 40000 immigrants in TN may benefit from Obama action
Watchdog.org
NASHVILLE — About 44,000 of Tennessee's estimated 130,000 illegal immigrants may benefit from President Obama's decision to provide them with temporary legal status and work permits. The costs to taxpayers are unknown, although Obama did say ...

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Regulatory Dump Truck - Fox Business

Mon, 11/24/2014 - 5:55pm

Regulatory Dump Truck
Fox Business
Gone AWOL in Reich's harangue is the fact that the administration has received what it wanted, a trickle-down government that got its stimulus and an overall $7 trillion in extra spending, the deficit now at $17 trillion from a $10 trillion level when ...

The economic case for immigration reform - CNBC

Mon, 11/24/2014 - 2:24pm

CNBC

The economic case for immigration reform
CNBC
"The reality is that they create more jobs through entrepreneurship, economic activity and tax revenues." Expanding the U.S. workforce with younger immigrants would also .... One widely cited study by the Congressional Budget Office last year found ...

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The economic case for immigration reform - CNBC

Mon, 11/24/2014 - 2:24pm

CNBC

The economic case for immigration reform
CNBC
"The reality is that they create more jobs through entrepreneurship, economic activity and tax revenues." Expanding the U.S. workforce with younger immigrants would also .... One widely cited study by the Congressional Budget Office last year found ...

and more »

Williams: Giving thanks for government - The Hill

Mon, 11/24/2014 - 7:06am

Williams: Giving thanks for government
The Hill
The only Socialist elected to Congress is excused from this caucus. But seriously, every Republican and every Democrat stirs ... Not only that, but income tax rates for most families are lower today than “at any time since the 1950s,” according to the ...

The Evolution of Ron Johnson - National Journal

Mon, 11/24/2014 - 6:10am

The Evolution of Ron Johnson
National Journal
I wanted to get some level of control over our debt and deficit. I haven't been ... Johnson has used the tax as a central argument for hope for bipartisan cooperation in the next Congress, while rarely mentioning the fact that the plastics company he ...

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