Related Content: taxes

While Washington Fights, Your Taxes Set to Rise

On The Radar

WSJ's David Wessel offers analysis of Washington's battle over payroll tax reductions as Social Security tax increases are slated to kick in at the end of December.

 

Payroll tax break: Extension proposals from both parties fail in Senate

On The Radar

The Senate late Thursday rejected competing partisan visions for extending a temporary tax break that benefits virtually every American worker, clearing the way for more serious negotiations over how to cover the cost of the tax cut. All but a handful of Democrats voted in favor of their party’s proposal, but in a surprising turn, more Republicans voted against the GOP plan than in favor of it. Senate Minority Leader Mitch McConnell (R-Ky.) predicted this week that a majority of his conference would vote for the party’s plan to extend the payroll tax cut.

Democrats See an Advantage in Debate Over Payroll Tax

On The Radar

After struggling all year for an economic message that resonates broadly with Americans in hard times, President Obama and Congressional Democrats have settled on one they believe can carry through next year’s election as they use a fight over payroll taxes to portray Republicans as defenders of the wealthy at the expense of the middle class. With Mr.

War savings and debt reduction, take two

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The congressional “supercommittee” is looking to count as budget savings as much as $700 billion that the nation no longer plans to spend on the wars in Iraq and Afghanistan over the next decade, an accounting gimmick that has drawn fire from both Democrats and Republicans.

Super Committee & the Budget Debate

On The Radar

The Super Committee is just weeks away from having to decide on a massive new budget plan. CNBC's John Harwood has the details on whether Europe's deal has put more pressure on Congress to follow suit.

Perry calls for sweeping tax cuts, benefit changes

On The Radar

Republican presidential candidate Rick Perry proposed dramatic tax and spending changes Tuesday, saying he would let Americans choose between a 20 percent flat tax and the current system, allow private Social Security accounts and slash government spending and regulation.

Democrats Float Tax on Top Earners

On The Radar

Senate Democratic leaders on Wednesday proposed a new 5.6% tax on people earning more than $1 million a year to cover the cost of President Barack Obama's $447 billion jobs plan, a move designed to stem Democratic defections from a top White House priority.

Rep. Wolf Blasts Grover Norquist

On The Radar

Americans for Tax Reform President Grover Norquist is normally greeted with open arms by House Republicans seeking the anti-tax activist’s endorsement and advice. But not by Virginia Republican Rep. Frank Wolf on Tuesday.

PBS NewsHour: Obama's Deficit Plan Hits Opposition on Hill, But Frames 2012 Fight

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President Obama on Monday called for $1.5 trillion in new taxes aimed at wealthy Americans as part of a plan to reduce the deficit by $3 trillion over 10 years. Gwen Ifill discusses the proposal with Phillip Swagel of the American Enterprise Institute and Robert Greenstein of the Center on Budget and Policy Priorities.

PBS NewsHour: Political Checklist: GOP Calls Obama's Deficit-Reduction Plan 'Class Warfare'

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President Obama on Monday unveiled his new recommendations to the Joint Select Committee on deficit reduction -- a $3 trillion, 10-year package that would increase taxes on the wealthy and make some changes to entitlement programs. President Obama also said he would veto any plan that comes from the committee, also known as the super committee, that does not include tax increases as part of the deficit-reduction formula.

Gwen Ifill and David Chalian sort out the politics behind what is likely to be among the major campaign issues in 2012: jobs, spending and the economy. Gwen and David also take a look at Florida's importance in the GOP primary as well as the general election. The Republican candidates will face off in another debate this week in Orlando.