11:58am: Treasury Secretary Geithner unveils Obama proposal to reduce top rate to 28%, says code 'needs to be reformed and modernized.' More
Federal deficits are expected to fall over the next few years but then start to climb, the Congressional Budget Office says.
Republicans make the president out to be the tax-hiker-in-chief. Obama portrays himself as a tax cutter for the masses but not the rich. The truth is much more mixed.
Millionaires and billionaires stand to gain from several of the Republican presidential candidates' tax proposals.
A slew of tax breaks expired at the end of last year. But Congress may choose to renew them for 2012 - or not. The problem is no one can say for sure. Too bad, taxpayers.
There's a lot of revenue owed that doesn't get paid into federal coffers every year, even after audits. It's the kind of fiscal hole lawmakers want to fill but it's easier said than done.
President Obama plans to ask Congress for a $1.2 trillion increase in the debt ceiling, in line with the debt deal announced in July.
The 2011 end-of-year brawl over the payroll tax cut in Congress is likely to pale in comparison to the tax and spending fights that will taint the 2012 holiday season.
After yet another epic struggle, Congress finally approves and the president signs into law a two-month extension of the payroll tax cut, unemployment benefits and the Medicare 'doc fix.'
After yet another epic struggle, it appears the House GOP will get on board with a two-month payroll tax cut extension.
Lawmakers still haven't garnered enough support for either a 1-year extension or even a two-month stopgap. Here's what's on the line for your wallet and the economy.
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