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Economist Who Advises Romney: ‘Rich Are Taxed Enough’

Economist Who Advises Romney: ‘Rich Are Taxed Enough’David Paul Morris/Bloomberg via Getty Images(NEW YORK) -- “The rich are taxed enough,” argued Columbia Business School Dean Glenn Hubbard.The man who The New York Times called Mitt Romney’s “go-to economist” and who is con...

Economist Who Advises Romney: ‘Rich Are Taxed Enough’

Economist Who Advises Romney: ‘Rich Are Taxed Enough’David Paul Morris/Bloomberg via Getty Images(NEW YORK) -- “The rich are taxed enough,” argued Columbia Business School Dean Glenn Hubbard.The man who The New York Times called Mitt Romney’s “go-to economist” and who is con...

Rubio Nixes Some Deductions in Tax Negotiations

Rubio Nixes Some Deductions in Tax NegotiationsJoe Raedle/Getty Images(NEW YORK) -- Mitt Romney and Paul Ryan have declined to offer specifics on which tax deductions they’d eliminate in order to cut tax rates without cutting the amount of taxes paid, particularly for the rich, but Marco Rubi...

‘Jack Kennedy Moment’ at VP Debate Draws Attention to Taxes, History

‘Jack Kennedy Moment’ at VP Debate Draws Attention to Taxes, HistorySAUL LOEB/AFP/Getty Images(WASHINGTON) -- Vice President Biden's sharp retort to Rep. Paul Ryan's invocation of President John F. Kennedy was by far the single biggest single moment of the debate according to Twitter metrics. "Oh, now you're Jack Kenne...

Steven Seagal, Dionne Warwick on Tax Scofflaw List

Steven Seagal, Dionne Warwick on Tax Scofflaw ListMARK RALSTON/GETTY IMAGES(LOS ANGELES) -- Action movie star Steven Seagal and singer Dionne Warwick have one thing in common, according to the state of California’s Franchise Tax Board.The agency says pair both owe back taxes.  According to ...

Steven Seagal, Dionne Warwick on Tax Scofflaw List

Steven Seagal, Dionne Warwick on Tax Scofflaw ListMARK RALSTON/GETTY IMAGES(LOS ANGELES) -- Action movie star Steven Seagal and singer Dionne Warwick have one thing in common, according to the state of California’s Franchise Tax Board.The agency says pair both owe back taxes.  According to ...

Schumer Proposes New, Broad Plan to Avoid Fiscal Cliff

Schumer Proposes New, Broad Plan to Avoid Fiscal CliffWin McNamee/Getty Images(WASHINGTON) -- Calling it the best shot at avoiding going over the fiscal cliff come Jan. 1, Sen. Chuck Schumer, D-N.Y., Tuesday suggested tossing aside a tax reform compromise currently being negotiated on Capitol Hill in favo...

New Jersey No Longer Worst for Businesses

New Jersey No Longer Worst for BusinessesiStockphoto/Thinkstock(NEW YORK) -- The Tax Foundation, a non-profit conservative-leaning tax research group, is out Tuesday with its ranking of states most and least friendly to business. Gov. Chris Christie will be pleased to learn that New Jersey is...

New Jersey No Longer Worst for Businesses

New Jersey No Longer Worst for BusinessesiStockphoto/Thinkstock(NEW YORK) -- The Tax Foundation, a non-profit conservative-leaning tax research group, is out Tuesday with its ranking of states most and least friendly to business. Gov. Chris Christie will be pleased to learn that New Jersey is...

Biden Turns Attack Dog on Romney Day After Debate

Biden Turns Attack Dog on Romney Day After DebateWilliam Thomas Cain/Getty Images(COUNCIL BLUFFS, Iowa) -- One day after President Obama delivered what was by all accounts a lackluster debate performance, Vice President Joe Biden went on the attack against Mitt Romney, delivering zinger after zinger ...

Ryan Backs Biden on ‘Buried’ Middle Class

Ryan Backs Biden on ‘Buried’ Middle ClassJustin Sullivan/Getty Images(BURLINGTON, Iowa) -- Republican vice presidential candidate Paul Ryan found a rare point of agreement Tuesday with his Democratic opponent, after Vice President Joe Biden said earlier that the middle class has been “b...

Tax Policy Center Spells Out Repercussions of ‘Fiscal Cliff’

Tax Policy Center Spells Out Repercussions of ‘Fiscal Cliff’Comstock/Thinkstock(NEW YORK) -- Watch out for the 'fiscal cliff.'  A new study forecasts that unless Congress acts, soaring taxes at the beginning of next year could blow a hole in your wallet.The nonpartisan Tax Policy Center said on Monday that...

Tax Policy Center Spells Out Repercussions of ‘Fiscal Cliff’

Tax Policy Center Spells Out Repercussions of ‘Fiscal Cliff’Comstock/Thinkstock(NEW YORK) -- Watch out for the 'fiscal cliff.'  A new study forecasts that unless Congress acts, soaring taxes at the beginning of next year could blow a hole in your wallet.The nonpartisan Tax Policy Center said on Monday that...

What Would France’s 75% Tax Rate Look Like in US?

What Would France’s 75% Tax Rate Look Like in US?iStockphoto/Thinkstock(NEW YORK) -- The French government’s budget presented Friday, which is imposing a 75 percent tax rate for income exceeding 1 million euros ($1.39 million), is expected to inspire a number of wealthy French to move their res...

Romney: Obama ‘Did Not’ Raise Taxes

Romney: Obama ‘Did Not’ Raise TaxesWin McNamee/Getty Images(VANDALIA, Ohio) -- Paul Ryan stood by as Mitt Romney strayed from campaign talking points on President Obama’s tax record during a joint “reset” rally Tuesday in Ohio.In the midst of remarks ridiculing the pre...

Obama Hits Romney for His ‘Fair’ Tax Rate

Obama Hits Romney for His ‘Fair’ Tax RateABC/Donna Svennevik(NEW YORK) -- President Obama Monday pounced on rival Mitt Romney‘s comment that it’s fair for him to pay a lower tax rate than middle-class Americans, arguing his opponent’s remarks embody the different visions at ...

Obama Hits Romney for His ‘Fair’ Tax Rate

Obama Hits Romney for His ‘Fair’ Tax RateABC/Donna Svennevik(NEW YORK) -- President Obama Monday pounced on rival Mitt Romney‘s comment that it’s fair for him to pay a lower tax rate than middle-class Americans, arguing his opponent’s remarks embody the different visions at ...

Mitt Romney Paid 14.1 Percent Tax Rate in 2011

Mitt Romney Paid 14.1 Percent Tax Rate in 2011Mario Tama/Getty Images(LAS VEGAS) - After months of criticism for not being transparent enough as a presidential candidate, Mitt Romney has filed his 2011 tax returns which the campaign says shows the presidential candidate paid a 14.1 percent tax rat...

Mitt Romney Paid 14.1 Percent Tax Rate in 2011

Mitt Romney Paid 14.1 Percent Tax Rate in 2011Mario Tama/Getty Images(LAS VEGAS) - After months of criticism for not being transparent enough as a presidential candidate, Mitt Romney has filed his 2011 tax returns which the campaign says shows the presidential candidate paid a 14.1 percent tax rat...

Obama Ad Says Romney Tax Plan Dodges Details

Obama Ad Says Romney Tax Plan Dodges DetailsWin McNamee/Getty Images(WASHINGTON) -- The Obama campaign is doubling down on the argument that Mitt Romney’s budget plan doesn’t add up (or, as former President Bill Clinton tells it, doesn’t pass the “arithmetic test”),...

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