Related Content: taxes

Obama Goes on Offensive Over Taxes on Wealthy

On The Radar

All but certain now that his Republican opponent will be Mitt Romney, President Obama has made his proposed “Buffett Rule” minimum tax for the wealthiest Americans like Mr. Romney a centerpiece of his re-election campaign, defying the political risk of being seen as a tax-and-spender by wary voters.
Read More

Obama to Millionaires: Time to Pony Up!

On The Radar

WSJ's Laura Meckler checks in on Mean Street to discuss President Obama's plan to pressure Republicans into supporting a minimum tax on millionaires, also known as the 'Buffett Rule.'

Obama's 'Buffett Rule'

On The Radar

CNBC's Eamon Javers breaks down President Obama's tax policy that would ensure millionaires pay the same effective tax rate as the middle class.

The Buffett Rule Won’t Get You a Job

On The Radar

On the seventh and final page of its background report on the "Buffett Rule," out this morning, the Obama administration finally dives into what it calls “the economic rationale” for imposing a new minimum tax rate on millionaires. If you’re an unemployed American, that placement should be your first red flag. The second should be the rationale itself.
Read More

Obama to Make Case for ‘Buffett Rule’

On The Radar

Previewing the message that President Obama will take to Florida on Tuesday, his economic team released a brief report making the case for his “Buffett Rule,” a proposal that would ensure the wealthiest Americans pay at least 30 percent of their income in federal taxes.
Read More

Obama Postpones Many Issues Until Elections

On The Radar

Missile defense isn't the only area in which President Barack Obama will have "more flexibility" if he's re-elected. Immigration, the Canada-to-Texas oil pipeline, gay marriage, tax policy and other issues could invite bold initiatives by a president who knows he will never run for office again, especially if his party gains ground in congressional elections.
Read More

Clock Ticks on U.S.'s Fiscal Time Bomb

On The Radar

Pundits and pollsters speculate hourly on the outcome of the next Republican presidential primary. Business executives and investors increasingly focus on whether Congress and the president will defuse the fiscal time bomb they have built—or whether they will be so paralyzed that the bomb will go off at year-end.
Read More

$3B Facebook Tax Break?

On The Radar

Facebook could use a $3 billion stock-option loophole, allowing a deduction when employees cash in stock options says Sen. Carl Levin, (D-MI). CNBC's Eamon Javers reports.

Obama's Corporate Tax Plan Presages Election Debate

On The Radar

President Obama's corporate tax reform "framework" unveiled Wednesday is unlikely to become law in an election year, but a partisan and economically rooted debate about individual and business taxes will figure prominently before November. Two competing visions for fiscal rejuvenation after 2013 are guaranteed to clash when Obama and a GOP nominee finally face one another later this year.
Read More

Obama Readies Plan to Cut Corporate Tax Rate

On The Radar

The Obama administration will propose today reducing the U.S. corporate tax rate to 28 percent from 35 percent along with removing tax breaks for companies to help offset lost revenue, an administration official said. The plan would eliminate dozens of tax breaks and reshape the current manufacturing deduction to reduce the tax rate on manufacturing to 25 percent, according to the official, who outlined the proposal on condition of anonymity because it hadn’t been released.