President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenues by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday.
Just two days after the Pentagon outlined major cuts to the U.S. Army and other military programs, President Obama is calling for a whopping $300 billion commitment for America's roads, bridges and mass transit systems -- though as much as half comes from a tax plan that has bleak prospects on the
Michelin North America Chairman and President Pete Selleck on the latest in tire-making technology and the need for a lower corporate tax rate.
NFIB CEO Dan Danner weighs in on Obama's new tax plan .
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Two major U.S. small business groups say President Obama ’s corporate tax reform plan leaves SMBs out in the cold. The president called Tuesday to close tax loopholes and lower the top tax rate for corporations to
A flat tax and IRS overhaul will benefit the entire nation from top to bottom. The time to do it is now.
familiarly gridlocked over the budget. January's tax deal has stiffened GOP resolve against further tax increases. Obama 's recently unveiled plan for lower inflation increases for Social Security recipients -- an idea embraced by Bowles and Simpson
tax. The tax would raise an estimated $78 billion over the next decade to pay for early childhood education. Obama says his tax plan is part of a balanced approach to deficit reduction that includes painful cuts to benefit programs like Social
Medicare, the government's two biggest benefit programs, Obama is hoping to entice Republicans to consider tax increases. Obama called his plan "a fiscally responsible blueprint for middle class jobs and growth," during remarks he made Wednesday