After a revolt by unhappy Democrats, the tax bill has finally passed. Obama’s compromise deal extends Bush-era tax reductions on income, capital gains and dividends through 2012. But there were also some changes. Here’s how the…
With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift — a change in the tax rules that lets the rich pass their…
The biggest question many investors have about President Obama’s compromise tax cut deal is how it will benefit the economy. But so far, there is little agreement on Wall Street about what the stimulative effects of the deal wi…
Nearly half of Americans in a recent poll believe China has surpassed America as having the strongest economy in the world, and more than half blame outsourcing and the loss of manufacturing jobs for the shift.
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The Senate presented the final price tag of $858 billion for President Obama’s tax deal Republican leaders and began debating the package Thursday night.
The Senate aims to vote on the bill Monday, a week after it was first announced, The Wall Street…