Thursday, February 23, 2012
After promising a new business tax plan in his State of the Union Address last month, President Obama revealed his corporate tax overhaul on Wednesday. The plan includes fewer tax loopholes, reduces tax rates to from 35 percent to 25 percent for manufacturers, creates a new minimum tax for foreign earnings and simplifies the tax code for small businesses. Critics, like Mitt Romney, argue for even lower taxes for corporations. But what do manufacturers and small business owners have to say about Obama’s plan?
Wednesday, February 01, 2012
President Obama's "Buffett Rule," requiring at least a 30 percent effective tax rate on millionaires, was introduced in the Senate on Wednesday. Here's what your tax return could look like if he—or any of the other candidates for president—has his way.
Thursday, December 08, 2011
John Petro, urban affairs policy analyst at the Drum Major Institute, and E.J. McMahon, Tax and Budgetary Studies senior fellow at the Manhattan Institute and director of the Empire Center for New York State Policy, discuss why they think the Cuomo tax plan will hurt city services and benefit the wealthy.