Taxes

Budget Battles

  • New Formula Could Cut Future Benefits, Raise Taxes

    By STEPHEN OHLEMACHER

    Just as 55 million Social Security recipients are about to get their first benefit increase in three years, Congress is looking at reducing future raises by adopting a new measure of inflation that...

  • Can Corporate Tax Reform Really Be Revenue Neutral?

    By Bruce Bartlett, The Fiscal Times

    There is growing evidence that many large corporations are paying well less than their fair share of taxes. On November 3, Citizens for Tax Justice, a liberal group, published a study of taxes paid...

  • Tax Bill for 30 Big Companies Zero

    By Jia Lynn Yang, The Washington Times

    Many of this country’s biggest companies paid no federal taxes — or even made money through credits and refunds from the government — over the past three years by using an array of loopholes and tax...

  • Corporate Tax Reform Hits a 25 Percent Roadblock

    By Michelle Hirsch, The Fiscal Times

    A new report from the Joint Committee on Taxation sheds doubt on whether eliminating corporate tax expenditures is enough to cut the U.S. corporate tax rate from 35 percent to 25 percent and remain...

  • Holy Support for Robin Hood Tax

    By ROBERT BARR

    The leader of the world's Anglican Christians is backing a so-called Robin Hood tax on financial transactions as one response to the global financial crisis. Archbishop of Canterbury Rowan Williams,...