Companies that hire the unemployed would claim new tax breaks under a jobs-promoting bill that’s expected to pass the Senate on Wednesday.
The bill up for a vote Wednesday would exempt businesses hiring the unemployed from the 6.2 percent Social Security payroll tax through December and give them an additional $1,000 credit if new workers stay [...]
Democratic senators Durbin, Max Baucus and Kent Conrad will serve on a presidential commission to tackle the countrys stubborn budget deficits, Senate Majority Leader Harry Reid said on Tuesday.
Durbin is the No. 2 Democrat in the Senate, while Baucus chairs the tax-writing Finance Committee. Conrad, who chairs the Budget Committee, has led the push [...]
Sens. Ron Wyden, D-Ore., and Judd Gregg, R-N.H., on Tuesday unveiled a proposed tax code overhaul built around a broader tax base and lower rates. They contended they could build support for the measure by emphasizing the job-creation benefits of a simpler tax system.
It would lower the top corporate tax rate from 35 percent to [...]
The daughter of a man who crashed his plane into an IRS building in Texas says her father chose the wrong method to express legitimate grievances and is not a hero.
Authorities say the 53-year-old Stack targeted the building in Austin last week, killing an employee and himself, after posting online an anti-government manifesto.
A bipartisan jobs bill cleared a GOP filibuster on Monday with critical momentum provided by the Senate’s newest Republican, Scott Brown of Massachusetts.
Brown and four other Republicans broke with GOP leaders to advance the measure. Most other Republicans voted in favor of the filibuster because of strong-arm tactics by Democratic Majority Leader Harry Reid of [...]
A scaled-back jobs measure is facing a key Senate hurdle Monday, with Republicans hoping to stall the legislation in hopes of adding more provisions to it.
Reid’s measure would exempt businesses hiring the unemployed from Social Security payroll taxes through December and give them a $1,000 credit if new workers stay on the job for a [...]
Joseph Stack’s views on taxation follow a long line of protesters who believe tax laws don’t apply to them.
A 3,000-word manifesto posted on a Web site registered in Stack’s name accuses the IRS of ruining his life.
Stack is the man accused of ramming a plane into an Internal Revenue Service building in Austin, Texas, last [...]
Erskine Bowles, named to head a newfederal deficit commission, said President Barack Obamais considering putting a corporate CEO on the panel, whileRepublican co-chairman Alan Simpson said he favors adding formerSenator John Danforth to it.
Simpson said he would urge the selection of Danforth, 73, aformer Missouri Republican senator who served three terms beforestepping down in 1994.
President Barack Obama says Social Security is slowly running out of money but that it can exist well into the future with a slight fix.
Without an adjustment, Obama said Social Security will start to run out of money in about 20 years as more people begin collecting benefits.
The system is funded with a tax on [...]
About 2,500 people in Germany have confessed to tax evasion to avoid punishment amid a heated debate over whether authorities should buy stolen data from Swiss bank accounts, experts said Friday.
“Judging from the first cases, an average of euro100,000 to euro150,000 per case have been paid,” Union head Dieter Ondracek told Bayerischer Rundfunk Radio.
