Related Content: taxes

Middle class faces quick impact from fiscal cliff in form of alternative minimum tax

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The best hope for a deal to avoid the “fiscal cliff” may lie with the alternative minimum tax, an obscure provision of the tax code that is about to become alarmingly relevant to millions of middle-class taxpayers.

Officials: Obama ready to veto a bill blocking ‘fiscal cliff’ without tax hike for rich

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President Obama is prepared to veto legislation to block year-end tax hikes and spending cuts, collectively known as the “fiscal cliff,” unless Republicans bow to his demand to raise tax rates for the wealthy, administration officials said.

Romney shifts to more moderate stances on taxes, immigration, health care, education

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The final weeks of the presidential campaign are bringing Mitt Romney full circle, back to a question that has tugged at him for nearly two decades: What does he really believe?

Romney refines message on taxes and abortion

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Continuing to embrace a more moderate political persona, Mitt Romney offered assurances on Tuesday that he would protect tax deductions for the middle class on home mortgages and charitable donations.

On Economy, Romney Blurs Contrast

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Apparently Mitt Romney likes government regulation, loves Medicare the way it is, agrees fairly regularly with President Obama, and does not, in fact, want to cut taxes very much. Those are gross simplifications of Romney’s economic platform, and ones very much at odds with the antitax, antiregulation, pro-entitlement-reform campaign the former Massachusetts governor has waged for more than a year.

Report: Nearly 90 percent of Americans would see taxes rise if ‘fiscal cliff’ hits

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Nearly 90 percent of Americans would face higher taxes next year if Congress lets the nation hurtle over the “fiscal cliff,” the year-end precipice of tax hikes and spending cuts that threatens to throw the nation back into recession.

Romney on tax loopholes

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Romney aims to neutralize Obama's narrative

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Read Mitt’s lips: no new taxes on the middle class, no net tax decrease for high earners, no cuts in defense spending.

Recession imminent if ‘fiscal cliff’ of tax hikes, budget cuts not averted, CBO says

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The U.S. economy will hurtle into a recession if Congress fails to avert a series of tax increases and budget cuts due in January, the Congressional Budget Office said Wednesday, warning that a fiscal impasse would have consequences even more dire than previously forecast.

Romney: Never paid less than 13 percent in taxes

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Republican presidential contender Mitt Romney declared Thursday he has paid at least 13 percent of his income in federal taxes every year for the past decade, offering that new detail while still decrying a "small-minded" fascination over returns he will not release. President Barack Obama's campaign shot back in doubt: "Prove it."