Elections 2012 Issues: Taxes

Latest on Taxes

White House: Families' taxes could go up $1,600 AP
A standoff with Congress that results in the January expiration of wide-ranging tax cuts would mean 114 million families would see average tax increases of $1,600 next year, the White House says.

Top Tax and Income News

Video

Obama hits Romney on taxes

Featured Tax and Income Videos

- Obama: Romney 'whiffed' on explaining tax plan
- Romney, Obama joust over tax plans, debt

More Video »

Senate Democrat Baucus to retire, may boost tax revamp by Kim Dixon and Thomas Ferraro
Reuters
By Kim Dixon and Thomas Ferraro WASHINGTON (Reuters) - Max Baucus, the Democratic chairman of the U.S. Senate Finance Committee, said on Tuesday he will not seek re-election next year, improving Republican … More » Senate Democrat Baucus to retire, may boost tax revamp
Obama's income fell in election year, paid 18.4 percent tax rate by Jeff Mason and Kevin Drawbaugh
Reuters
By Jeff Mason and Kevin Drawbaugh WASHINGTON (Reuters) - President Barack Obama paid an effective federal tax rate of 18.4 percent in 2012 and saw income from his best-selling books drop as he ran for … More » Obama's income fell in election year, paid 18.4 percent tax rate
Louisiana Governor Jindal's popularity slumps after bold tax plan by Stephanie Grace
Reuters
By Stephanie Grace NEW ORLEANS (Reuters) - Louisiana Governor Bobby Jindal, one of the nation's most prominent Republicans and a possible 2016 presidential candidate, has fallen out of favor with local … More » Louisiana Governor Jindal's popularity slumps after bold tax plan
GOP warns Obama against tax increases, spending by KEN THOMAS
AP
WASHINGTON (AP) — Republicans dismissed President Barack Obama's State of the Union address as nothing more than big government spending and more tax increases. But a brief sip of water may have gotten … More » GOP warns Obama against tax increases, spending
GOP to warn Obama against tax increases, spending by KEN THOMAS
AP
WASHINGTON (AP) — Republicans warned Tuesday that President Barack Obama's second-term agenda would bring more tax increases and escalate deficit spending, casting the president's policies as impediments … More » GOP to warn Obama against tax increases, spending
Anti-tax conservatives say no to tax-increase deal by STEVE PEOPLES
AP
In the city where a protest over tax policy sparked a revolution, modern day tea party activists are cheering the recent Republican revolt in Washington that embarrassed House Speaker John Boehner and … More » Anti-tax conservatives say no to tax-increase deal
Fiscal cliff splits big, small businesses on taxes by By JIM KUHNHENN
AP
The "fiscal cliff" debate is splitting the business community over taxes, driving a wedge between two natural Republican allies: the nation's corporate leaders who are helping strengthen President Barack … More » Fiscal cliff splits big, small businesses on taxes
Higher rates or fewer tax breaks -- what's worse? by ALAN FRAM
AP
In the fiscal cliff wars, a pivotal battle is raging between Democrats demanding to raise revenue by boosting tax rates on the nation's highest earners and Republicans insisting on eliminating deductions … More » Higher rates or fewer tax breaks -- what's worse?
Poll shows support for raising taxes on the rich by ALAN FRAM and JENNIFER AGIESTA
AP
Americans prefer letting tax cuts expire for the country's top earners, as President Barack Obama insists, while support has declined for cutting government services to curb budget deficits, an Associated … More » Poll shows support for raising taxes on the rich
Tax increases could factor in MLB negotiations by RONALD BLUM
AP
Baseball team executives and agents wandered into the Agave Sunset lounge at the resort where the general managers' meetings were held in Indian Wells, Calif. Four of the six flat-screen televisions were … More » Tax increases could factor in MLB negotiations
Correction: Wind Tax Credit story by The Associated Press
AP
In a story Nov. 14 about a wind energy tax credit, The Associated Press misidentified Iowa's governor. He is Terry Branstad, not Tom Branstad. More » Correction: Wind Tax Credit story
Survey: Taxes on consumers big issue for small biz by JOYCE M. ROSENBERG
AP
Small business owners who are worried about the so-called fiscal cliff are concerned beyond their own finances — they're also uneasy about higher taxes on consumers, according to a survey released We … More » Survey: Taxes on consumers big issue for small biz

Fact check: Taxes

SPIN METER: 'Middle class' turns fuzzy in politics
In a recent speech, President Barack Obama referred to the "middle class" 14 times, defining it as a family that makes up to $250,000 a year. Republican challenger Mitt … More »SPIN METER: 'Middle class' turns fuzzy in politics
In a recent speech, President Barack Obama referred to the "middle class" 14 times, defining it as a family that makes up to $250,000 a year. Republican challenger Mitt Romney has looked at it from the other direction, saying that someone who falls into poverty "is still middle class."