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Friday, June 22, 2018

In Both Red And Blue States, Talk Of Middle-Class Tax Cuts

Both Democrats and Republicans are looking at new tax cuts in 2015.

February 18, 2015

State Lawmakers Respond To Income Inequality

By Jake Grovum, WASHINGTON — The two U.S. counties with the worst income inequality couldn’t be more different. No. 1 is Manhattan. The second is a rural Native American reservation in North Dakota. The two illustrate how widely inequality is spread around the country, and how the issue presents itself in different ways. The far-reaching […]

June 15, 2014

Top Obama Advisor Urges Expansion Of Tax Credits To Cut Poverty

When the modern income tax was first instituted in 1913, it was levied on only the top 1 percent of earners, and when the payroll tax was added in 1937, it started at a rate of only 2 percent. As a result, the tax system effectively ignored low-income households. But a steady broadening of the […]

March 19, 2014

Obama’s Budget Would Shift Tax Benefits From Wealthy To Poor

By Kathleen Hennessey, Tribune Washington Bureau WASHINGTON — President Barack Obama will propose a series of changes to the tax code in a budget plan Tuesday that would shift benefits from top earners to middle- and lower-income Americans, the White House said. In his 2015 budget plan, Obama will propose expanding or making permanent tax […]

March 4, 2014