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Boehner, Ryan: Romney’s Taxes a Grand Distraction

Boehner, Ryan: Romney’s Taxes a Grand Distraction

Alex Wong/Getty Images(WASHINGTON) — Amid increasing pressure and persistent demands for Mitt Romney to disclose an exhaustive account of his tax returns, House Speaker John Boehner and Rep. Paul Ryan, a top contender to join the presumptive GOP nomin…

Lawmakers, Business Experts Launch Campaign To ‘Fix the Debt’

Lawmakers, Business Experts Launch Campaign To ‘Fix the Debt’

Andrew Harrer/Bloomberg via Getty Images(WASHINGTON) — It’s “a life threatening problem,” a “crisis,” the “single greatest long-term threat to [business'] ability to compete the global marketplace” that risks,…

Lawmakers, Business Experts Launch Campaign To ‘Fix the Debt’

Lawmakers, Business Experts Launch Campaign To ‘Fix the Debt’

Andrew Harrer/Bloomberg via Getty Images(WASHINGTON) — It’s “a life threatening problem,” a “crisis,” the “single greatest long-term threat to [business'] ability to compete the global marketplace” that risks,…

Obama Mocks Romney Tax Plan at Playful Town Hall

Obama Mocks Romney Tax Plan at Playful Town Hall

Jay LaPrete/Getty Images(CINCINNATI) — At his first town hall meeting of the 2012 campaign, President Obama Monday continued his personal assault on rival Mitt Romney, mocking the presumptive GOP nominee over a new report that estimates his jobs plan …

Obama Ad Draws Contrasts with Romney on Taxes

Obama Ad Draws Contrasts with Romney on Taxes

Joe Raedle/Paul J. Richards/AFP/Getty Images(WASHINGTON) — President Obama’s re-election campaign is putting some money behind its pitch to voters on the issue of tax fairness.A new TV ad airing in nine battleground states this week promotes Oba…

Romney On Taxes: "We’ve…Released All the Financial Statements Required by Law"

Romney On Taxes: "We’ve…Released All the Financial Statements Required by Law"

Win McNamee/Getty Images(WASHINGTON) — Addressing the issue again, Mitt Romney Wednesday said he’s released two years of tax returns and that he has released the, “same level of information” as John McCain and John Kerry.”We’ve of co…

Obama Calls for Tax Cut Extension for Middle-Income Earners

Obama Calls for Tax Cut Extension for Middle-Income Earners

Alex Wong/Getty Images(WASHINGTON) — President Obama offered a familiar tune on taxes today in the East Room of the White House, calling for an end to Bush-era tax cuts for the wealthy while urging an extension of current rates for the middle class. &…

Obama Campaign Renews Call on Romney to Release Tax Returns

Obama Campaign Renews Call on Romney to Release Tax Returns

Joe Raedle/Getty Images(WASHINGTON) — The Obama campaign is renewing calls on Mitt Romney to release more of his tax returns, saying a fuller disclosure is the only way to resolve questions about his secretive offshore finances, which Democrats have b…

Obama Challenges China at WTO over Auto Tariffs

Obama Challenges China at WTO over Auto Tariffs

Chip Somodevilla/Getty Images(MAUMEE, Ohio) — As he embarked on a campaign swing across northern Ohio, President Obama announced new action against China in the World Trade Organization, challenging duties imposed last year on U.S. auto exports.&ldquo…

No North Carolina Taxpayer Dollars for Virtual Charter School

No North Carolina Taxpayer Dollars for Virtual Charter School

Digital Vision/ThinkStock(RALEIGH, N.C.) — The North Carolina Virtual Academy, a charter school that plans to enroll students from kindergarten through 10th grade, was back in court Friday, fighting school boards across the state for its right to rece…

White House Sticks to Individual Mandate as ‘Penalty,’ Not Tax

White House Sticks to Individual Mandate as ‘Penalty,’ Not Tax

iStockphoto/Thinkstock(WASHINGTON) — The White House and the Obama campaign Friday insisted that the individual mandate in the president’s health care bill is a “penalty,” not a tax, despite the Supreme Court’s ruling to uphold…

Health Care Law Mandate ‘Tax’: How Much Is It?

Health Care Law Mandate ‘Tax’: How Much Is It?

Creatas/Thinkstock(WASHINGTON) — Beginning in 2014, if you are uninsured, not exempt from the new mandate, and refuse to sign up for health care coverage, how much will you owe Uncle Sam?The health care law sets out a formula to determine your penalty…

FHA Gave Mortgage Help to Thousands of Tax Deadbeats

FHA Gave Mortgage Help to Thousands of Tax Deadbeats

iStockphoto/Thinkstock(WASHINGTON) — Several thousand homeowners who got federal help to avoid defaulting on their mortgages were tax deadbeats who owed the government more than $77 million in back taxes, a new report has determined. Despite owing the…

R. Kelly Owes HOW MUCH in Taxes?

R. Kelly Owes HOW MUCH in Taxes?

Randee St. Nicholas(NEW YORK) — R. Kelly owes the IRS $4.8 million after skipping out on his tax bill for five years.According to TMZ, the “I Believe I Can Fly” singer didn’t pay his taxes between 2005 and 2010.  He owes $1,472,…

North Dakota Votes Against Abolishing Property Tax

North Dakota Votes Against Abolishing Property Tax

Creatas/Thinkstock(BISMARCK, N.D.) — North Dakotans took their angst against property taxes to the polls on Tuesday, an issue that’s been gaining traction in other parts of the U.S.  Polls closed at 8 p.m. central time and results show voters ult…

Republicans Take Aim at Pillar of GOP Tax Policy

Republicans Take Aim at Pillar of GOP Tax Policy

NICHOLAS KAMM/AFP/Getty Images(WASHINGTON) — The Taxpayer Protection Pledge has been the gold standard of Republican tax orthodoxy for decades.Known informally as “The Pledge” and cooked up by conservative strategist Grover Norquist in 198…

North Dakota Votes on Measure to Eliminate Property Taxes

North Dakota Votes on Measure to Eliminate Property Taxes

Stockbyte/Thinkstock(NORTH DAKOTA) — North Dakotans take their angst against property taxes to the polls Tuesday. It’s an issue gaining traction in other parts of the U.S., though opponents of a measure to eliminate the tax say the state isn’t as cash…

Lauryn Hill Says She Didn’t Pay Taxes Because She Went ‘Underground’

Lauryn Hill Says She Didn’t Pay Taxes Because She Went ‘Underground’

David Wolff – Patrick/Redferns via Getty Images(NEW YORK) — Former Fugees singer Lauryn Hill says she didn’t cheat on her taxes; she went “underground.” A day after federal prosecutors in New Jersey charged Hill, 37, with three counts of “knowingly an…

Lauryn Hill Charged with Failing to File Three Years Worth of Taxes

Lauryn Hill Charged with Failing to File Three Years Worth of Taxes

David Wolff – Patrick/Redferns via Getty Images(NEWARK, N.J.) — Lauryn Hill has been called the greatest female rapper.  Federal prosecutors in New Jersey call her a tax cheat.  “Singer and actress Lauryn N. Hill was charged today with…

California Split on Proposition 29 to Raise Tax on Cigarettes

California Split on Proposition 29 to Raise Tax on Cigarettes

Jupiterimages/Thinkstock(SACRAMENTO, Calif.) — Proposition 29, California’s statewide referendum to raise the tax on cigarettes by $1 per by pack, currently has voters evenly divided.With roughly 34 percent of precincts reporting, Californians w…

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