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The economy is not doing well. Unemployment is too high and big deficits threaten the credit worthiness of the federal government, and only genuine tax reform will make things right.With 46 percent of Americans paying no income taxes and many more who pay very little, it is no wonder federal spending is at record levels. It's simply too easy to vote for politicians that promise free health care services and other worthy benefits by raising taxes on someone else—the wealthy.Taxing the well off is not free—it slows growth, smothers jobs creation and pushes down wages for the middle class and working poor.Much of the U.S. economy is not large multinationals but rather are innovative startups, the local restaurant and other small business services, who are mostly organized as limited liability corporations and pay the highest personal tax rates. For those jobs creators the combination of federal, state and local taxes often increases the bite on income to well above 50 percent.The impact i...
FBN’s Lou Dobbs on the complicated tax process.
The Del Monte Group President Richard Del Monte, Forbes Contributor Rick Ungar, MaxFunds.com’s Jonas Max Ferris and The Weekly Standard’s Steve Hayes on the potential impact of Obama’s budget proposal.
University of Maryland economist Philip Swagel weighs in on President Obama's budget plan.
More Americans disapprove of the president's job performance
In his State of the Union address Tuesday, President Obama hammered away on two resounding themes—fairness and the economy.Both of them rang hollow from a president ...
The most important takeaway from Tuesday night's Florida primary results is that with nearly 4-in-10 (38%) of primary voters saying that they are not satisfied with ...
Intermedia Partners’ Leo Hindery on the flaws in the tax code that make it unfair.
Harvard University’s Martin Feldstein on why nothing needs to be eliminated, but cuts are needed to entitlements.
Mitt Romney is now almost certain to win a commanding victory tomorrow night in the Florida primary – most likely by double digits.But he has a lot of work to do if ...
Berkshire Hathaway CEO Warren Buffett discusses why he and other “ultra-wealthy” Americans should pay more in taxes.
FBN’s Liz Claman discusses why the Oracle of Omaha doesn’t mind having his name attached to a bill increasing taxes on wealthy Americans.
Breaking down the tax code
Former Reagan economic advisor Art Laffer on the Fed’s internal debate over quantitative easing.
Cashin' In: 6/19
Richard DeKaser, Wells Fargo economist, on tax breaks and how they impact the fiscal cliff.
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The following is a transcript of the vice presidential debate between Vice President Joe Biden and Rep. Paul Ryan in Danville, Kentucky on Oct. 11, 2012. Check back,...
Mitt Romney's off the record remarks are potentially a very serious problem for him. By dividing the country into those who pay taxes and those who don't pay taxes, ...
American Action Forum president Doug Holtz-Eakin says that aside from Obama’s Social Security proposal, this budget is very similar to his former proposals.
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