Despite pressure from national tax executives, the U.S. Supreme Court has refused to hear an Iowa-based case involving fried chicken giant KFC, which means the company will be liable for a quarter of million in back corporate income taxes on franchised restaurants in the state.
The case, KFC Corporation v. More…
Today, President Barack Obama defended his economic policies in a rangy, hour-long, town hall–type interview organized and televised by CNBC.
Senate Democrats, back to business this week, are blasting out some snazzy graphics regarding the Bush tax cuts.
Speaking on Face the Nation on Sunday, Rep. John Boehner (R-Ohio), the House minority leader, said he would vote for the Obama administration’s proposal to let the Bush tax cuts expire for the wealthiest Americans and to make the middle-class tax cuts permanent — if the only other choice was More…
At the National Review, Reihan Salam, all-around smartypants, voices the conservative response to my post proposing that Congress should create more tax brackets. He argues that a new tax bracket for the very rich would do three bad things and therefore is not worth creating: it would increase More…
Tax cuts are generally less stimulative than spending measures, but among tax cuts, a holiday or slashing of the payroll tax is one of the best options, the Congressional Budget Office reports. So why did President Obama suggest cutting investment and research and development taxes for businesses, rather than More…
In response to former governor and current attorney general Jerry Brown’s (D-Calif.) positive ad selling his time in office to Californians who might not remember, his challenger for governor, former eBay CEO Meg Whitman (R), is relying on arguments made by — of all people — Bill Clinton.
Responding to an opinion piece by former director of the Office of Management and Budget Peter Orszag, President Obama plans to say during a speech in Cleveland that he opposes keeping the Bush tax cuts for individuals making more than $200,000 a year or households making more than $250,000 — More…
The Obama administration is this week proposing a series of expensive tax breaks for businesses as part of a larger effort to create new jobs: $100 billion to make permanent a research and development tax credit and $200 billion to let companies to deduct the full cost of the More…
Peter Orszag’s New York Times opinion piece has set off a flurry of discussion about whether to extend tax breaks for the wealthiest Americans and how the political fight over the Bush tax cuts might play out this fall. Policymakers’ ultimate goal is to keep the recovery going while More…
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