Christie’s $32.1 Billion Budget Counts on Rising Tax Revenue

Chris Christie

New Jersey Governor Chris Christie proposed a $32.1 billion spending plan, the biggest in five years, that counts on tax revenue increasing the most since before the recession began.

Obama’s Tax Policy Targets Rising Sector of His Base: The Affluent

Obama's tax policy

WASHINGTON — Partisan clashes over President Obama’s proposed tax increases have obscured something remarkable: that the affluent Americans targeted by his policy represent a growing share of his own party’s base.

Illinois lawmaker proposes strip club tax

strip club tax

From CarmiTimes.com SPRINGFIELD, Ill. — An Illinois lawmaker wants to tax admissions to strip clubs to raise money for sexual assault prevention, arguing that a mix of alcohol and nude dancing contribute to violence against women. Sen. Toi Hutchinson, D-Olympia Fields, is calling for the clubs to pay a $5 tax for every customer. She [...]

Christie’s New Jersey Tax Cut Imperiled by Increase in Debt, Pension Costs

Mitt Romney & Chris Chrisitie

New Jersey Governor Chris Christie will say next week how he’ll pay for the first phase of a 10 percent income-tax cut for the second-wealthiest U.S. state’s residents even as he deals with as much as $1.3 billion in higher costs for pensions and debt. Christie, a 49-year-old Republican who’s set to deliver his third [...]

Tea Partyers Angry at Boehner’s Stance on Payroll Tax Cut

payroll tax

Tea party supporters in the House of Representatives have vowed to make a last-ditch stand in a bid to stave off the extension to the payroll tax holiday that their leaders have agreed to.

Payroll tax cut won’t cover Obama gas price rise

payroll tax

Forget all the happy talk about how Americans, flush with their $1,000 payroll tax cut set to be extended by Congress, will be hitting the mall to spend, spend, spend. That cool grand won’t even cover the surge in gas prices under President Obama and will have to be nearly doubled if summer predictions of $5 regular come true.

White House Economic Adviser: ‘We Need a Global Minimum Tax’

Sperling

Gene Sperling, director of the White House’s national economic council, said today at an official meeting that “we need a global minimum tax”: “He supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, [...]

Charter school teachers fear IRS rules change

charter school teachers

A little-noticed proposed change in Internal Revenue Service regulations could have devastating effects for charter school teachers by making them ineligible for state retirement plans, and they could stand to lose much of the money that they already have accrued.

Obama to pitch lower corporate tax

obama corporate taxes

WASHINGTON (Reuters) President Barack Obama will call for cutting the top 35 percent corporate tax rate as early as this month, according to two sources close to the administration.

California Taxpayers Fund Sleep Treatment For Death Row Inmates

California Taxpayers Fund Sleep Treatment

SAN QUENTIN (CBS 5) — One out of every four Californians has no medical insurance. But $2 billion in taxpayer money is being spent each year to provide medical care to California’s prisoners.

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