Politics Dec 19 Watch McConnell Details Spending Bill Fight, Push for War Funds GOP and Democratic lawmakers have sparred in recent weeks over a massive spending bill that, in addition to funding domestic programs, also seeks to include funds for the Iraq and Afghanistan wars. Senate Minority Leader Mitch McConnell, R-Ky., discusses legislative…
Politics Nov 09 Watch House Passes Bill to Ease Middle-Class Tax Burden The House passed a tax reform bill on Friday aimed at reducing the burden of the Alternative Minimum Tax for middle-class Americans. The bill would raise taxes on hedge-fund and private equity firm managers to offset lost revenue.
Politics Oct 29 Watch Alternative Minimum Tax Faces Chance of Repeal in Tax Code Overhaul Rep. Charlie Rangel, D-N.Y., has proposed a plan to eliminate the alternative minimum tax, designed in 1969 to ensure wealthy Americans paid their fair share of taxes but which was never indexed for inflation. Rangel and Rep. James McCrery, R-La.,…
Politics May 11 Watch Senate Votes to Extend Tax Cuts For Five Years The U.S. Senate voted to extend $70 billion dollars in tax cuts, first enacted in 2003, for five years. While Republicans credit these tax cuts with a surging economy, Democrats believe a majority of Americans are being left out.