2012 Elections

GOP Leaders Take on Far Right Pressure Groups

By Eric Pianin

There have been plenty of theories about why Senate Minority Leader Mitch McConnell (R-KY) strode onstage at a conservative gathering late last week carrying a rifle. Ostensibly, McConnell, the 72-...
Some CEOs Are Still Cashing In at Our Expense

By Josh Boak, The Fiscal Times

Many of the highest paid CEOs might be ripping off stockholders and taxpayers, according to a study released Wednesday by the progressive Institute for Policy Studies.
Tax Reform Could Be Easier Than Congress Thinks

By Yuval Rosenberg

The conservative-leaning Tax Foundation issued a press release Monday touting some “good news for tax reformers”: An analysis by experts at the foundation found that a plan to dramatically simplify...
‘The Daily Show’ Explains Why Our ‘Chicken$#!&’ Congress Hasn’t Reformed the Tax Code

By Yuval Rosenberg

Congress may be out on its month-long August recess, but that doesn’t mean “The Daily Show” stops its skewering. Last night, host John Oliver took on our broken tax code – and used the issue to take...
How 21 Major Corporations Dodged $93B in Taxes

By Eric Pianin and Josh Boak

Twenty-one of the top 100 publicly traded U.S. corporations – including such big names as Goldman Sachs, Apple and Walt Disney – have avoided paying $93 billion a year in federal taxes by parking...

Obama’s Bargain: Lower Rates for Higher Spending

By Eric Pianin

President Obama intends to make one last pitch for a “grand bargain” of new spending and tax policy on Tuesday that will attempt to marry corporate tax reform with funding for jobs to benefit the...
Ominous Signs for the GOP in 2014

By Bruce Bartlett, The Fiscal Times

The conventional wisdom is that Republicans are in good shape going into next year’s congressional elections. Gerrymandering and the enormous benefits of incumbency virtually guarantee them continued...
Trading Tax Write-Offs for Real Growth

By Andrew Fieldhouse, The Fiscal Times

Overhauling the tax code is a wonky fixation of the D.C. policymaking elite, for good reason — it’s an area loaded with policy nuance, lobbying intrigue and major ramifications for long-term fiscal...
IRS Scandal: How the Brouhaha Went Bust

By Peter Weber, TheWeek.com

Rep. Darrell Issa is still banging the scandal drum. Is anyone listening anymore?
Beer, Burgers, and a Two-Man Blitz on Tax Reform

By Josh Boak, The Fiscal Times

Sen. Max Baucus (D-MT) and Rep. Dave Camp (R-MI) are keeping hope alive that the tax code can be rewritten. Both peg the odds of successful reform at more than 50 percent, according to a joint lunch...

Obama Leaves His Successor a Deficit Mess

By Josh Boak, The Fiscal Times

President Obama likes to scapegoat George W. Bush for the country’s massive deficits. But Obama himself will likely take the blame for the deficit by the next occupant of the Oval Office, according...
How Obama Lost His Edge Over the GOP on Spending

By Edward Morrissey

At the beginning of the year, the media hailed Barack Obama as the winner of the standoff on the fiscal cliff – and it wasn’t difficult to see why. Obama forced House Republicans to swallow a tax-...
Cantor: Reducing Government Debt Helps Working Class

By Eric Pianin

House Majority Leader Eric Cantor, the pugnacious conservative who has championed tough fiscal measures to downsize the government and shred the social safety net, showed a kinder, gentler side today...
Carried Interest: What Is it? An Explainer

By Maureen Mackey, The Fiscal Times

When it comes to closing tax loopholes at a time of tremendous fiscal challenges, a type of income known as carried interest almost always gets a sharp look. The Fiscal Times explains why.
Behold “Fiscal Cliff II” as Obama Wants More Taxes

By Eric Pianin

As a month-long countdown to a min-fiscal cliff begins today, the White House and congressional leaders have begun hardening their positions on taxes and spending cuts in a revival of the political...

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