This 14th day of December, we’ll focus on the
Reduces Tax Demand as Budget Talks Inch Forward - Businessweek
President Barack Obama reduced his
demand for tax increases to $1.4 trillion from $1.6 trillion as he and House
Speaker John Boehner traded another round of offers and inched toward a budget
Backers in a Battle Over Taxes – New York
A broad swath of the nation’s
leading chief executives dropped its opposition to tax increases on the
wealthiest Americans on Tuesday, while the White House quietly pressed Wall
Street titans for their support as well.
Taxes on Table in Cliff Talks – The Wall
Corporate taxes hadn't until now
been part of budget talks aimed at averting spending cuts and tax increases set
for January. Much of the focus has instead been on the expiring individual
Businesses Might Still Hire If Taxes Are Raised - NPR
Now to one of the big sticking
points in Washington these days. Much of the debate over impending tax hikes
and budget cuts centers on the tax rate for top earners. President Obama argues
the tax rate for income over $250,000 a year should be allowed to go up.
Republicans say there should be no change in tax rates. When Democrats talk
about raising taxes on the wealthy, Republicans hear it as raising taxes on
small businesses and killing jobs.
Benefits Hang on 'Fiscal Cliff' Deal – CNBC and
A crucial jobs issue hangs on the
"fiscal cliff" negotiations: will lawmakers extend unemployment
benefits for millions of Americans?