Taxes
  • Dumping the Mortgage Tax Break Can Cost, Not Give

    By Knowledge Wharton, Knowledge@Wharton

    The mortgage interest deduction, considered by many to be the sacred cow of tax breaks, has joined the list of possible items on the chopping block in the growing debate between President Obama and...

  • White House Says GOP Counteroffer Isn't Balanced

    By Josh Boak, The Fiscal Times

    President Obama has been pressing congressional Republicans for their alternative to his tax-heavy plan for trimming the budget deficit—but he might not be too thrilled with the substantial...

  • Your Money: Over the Cliff and Into Tax Hell

    By Kay Bell, Bankrate

    In a few weeks, tax laws U.S. taxpayers have enjoyed for more than a decade are scheduled to expire. Along with long-standing and historically low tax rates, several popular tax credits and...

  • Cliff Stalemate Takes a Huge Toll on Manufacturing

    By Edward Krudy, Reuters

    Manufacturing unexpectedly contracted in November to its lowest level in more than three years, as companies worried about whether lawmakers in Washington could reach a budget deal in time avert a...

  • 'Proud' Anti-Tax Pledge Signers Still Bow to Norquist

    By Peter Wallsten, The Washington Post

    At times, it has seemed that GOP lawmakers eyeing a fiscal compromise with President Obama were moving closer to a public split with Grover Norquist, author of the famous no-new-taxes pledge that has...