For senators, tax questions are taxing

When Timothy Geithner appeared before the Senate Finance Committee last month, Sen. Jon Kyl (R-Ariz.) accused the soon-to-be treasury secretary of “dancing around” questions about his taxes.
When news broke that Tom Daschle had failed to pay taxes due on a car and driver, Sen. John Cornyn (R-Texas) declared himself “very troubled by it.”
But neither Kyl [...]

Obama Eyes $300 Billion Tax Cut

The Obama tax-cut proposals, if enacted, could pack more punch in two years than either of President George W. Bush’s tax cuts did in their first two years. Mr. Bush’s 10-year, $1.35 trillion tax cut of 2001, considered the largest in history, contained $174 billion of cuts during its first two full years, according to [...]

Obama lead on McCain grows to 12 points

Democrat Barack Obama’s lead over Republican rival John McCain has grown to 12 points in the U.S. presidential race, with crucial independent and women voters increasingly moving to his side, according to a Reuters/C-SPAN/Zogby poll released on Thursday. “Obama’s expansion is really across the board,” pollster John Zogby said. “It seems to be among almost [...]

Buffet: People like him can afford to pay taxes

LAST WEEK, superinvestor Warren Buffett, America’s second richest man, testified before the Senate Finance Committee on the subject of why people like him can well afford to pay taxes. In fact, Buffett is ceasing to be among the very wealthiest because he is giving most of his fortune away to philanthropies while he is still [...]

Obama’s tax plan: Robin Hood Approach

WASHINGTON (CNN) – Barack Obama unveiled his tax cut plan Tuesday in Washington. Some would call it a Robin Hood approach, taking from the rich and giving to the poor. (Related: Obama tax plan: $80 billion in cuts, five-minute filings)
“At a time when Americans are working harder than ever, we are taxing income from work [...]

Giuliani says a little too much about Democrats and taxes

SUMMARY: Rudy Giuliani trotted out a common, and in this case not inaccurate, Republican refrain when he said Democrats want to raise taxes, but he mishandled the evidence.
At a July 30, 2007 campaign event in New Hampshire, Giuliani said this: “Democrats are kind of falling over each other seeing who can raise taxes faster. It [...]