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Washington Post
| 7 months ago
Even with the total elimination of some of the biggest breaks in the tax code including popular deductions for mortgage interest, charitable contributions and state and local taxes the JCT found that the top rate could be pushed down from the...
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Asian Wall Street Journal
| 7 months ago
The government's deficitessentially the gap between how much money it spends and how much it brings in through taxes and other revenuehas become an important issue in the presidential election Tax revenue fell sharply during the financial crisis and...
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Miami Herald
| 7 months ago
Fifteen states have announced their support for Ohio's elections chief in a dispute over early voting in the presidential battleground being appealed to the U.S...With Election Day about three weeks away, a tight contest between President Barack...
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Virginian-Pilot Online
| 7 months ago
Good luck figuring out whether Republican presidential candidate Mitt Romney would cut or raise your taxes if he's elected president. President Barack Obama promises tax reform, too, but precious little detail. Unlike Romney, Obama wants to make sure...
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The Economic Times
| 7 months ago
The analysis from the non-partisan congressional Joint Committee on Taxation is timely ahead of the Nov. 6 presidential election. Republican challenger Mitt Romney has promised a 20 percent income tax cut for all Americans but said the move would be...
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Channel NewsAsia
| 7 months ago
The US budget deficit fell sharply in just-ended fiscal 2012 to $1.1 trillion, but remained at an uncomfortably high ratio to the size of the economy, the Treasury reported Friday. The fiscal shortfall topped $1 trillion for the fourth straight year,...
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CNN
| 7 months ago
The U.S. government rang up a $1.1 trillion deficit for fiscal year 2012, according to final numbers released Friday by the Treasury Department. It marked the fourth straight year that deficits exceeded $1 trillion...And as a share of the economy it...
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The New York Times
| 7 months ago
The federal deficit fell to $1.1 trillion in the 2012 fiscal year, down from about $1.3 trillion a year earlier, the Obama administration said on Friday. That is the smallest deficit since 2008 but represents the fourth year in a row that the deficit...
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SF Gate
| 7 months ago
The United States has now spent $1 trillion more than it's taken in for four straight years. The Treasury Department confirmed Friday what was widely expected: The deficit for the just-ended 2012 budget year the gap between the government's tax...
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Ledger-Enquirer
| 7 months ago
The amount by which spending exceeds revenue during a budget year...A government that runs a deficit each budget year must borrow to meet expenses.
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The Economic Times
| 7 months ago
The United States reported a budget surplus for the final month of the 2012 fiscal year, but the tiny bump in revenues did not prevent the country's deficit from exceeding $1 trillion for the fourth year in a row. The 2012 budget gap was $1.089...
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Merced Sun-Star
| 7 months ago
With the outcome of next month's presidential election increasingly hazy, here's a shred of clarity that investors can cling to: The tax rates they pay on investment income like stock profits and dividends are almost certain to change. Whether rates...
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National Public Radio
| 7 months ago
The figures are in for the federal government's fiscal 2012 and the deficit was $1.089 trillion, according to the Treasury Department and Office of Management and Budget . That's less than the previous year's $1.297 trillion and is the third...
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SF Gate
| 7 months ago
The federal budget deficit has topped $1 trillion for a fourth straight year. But a modest improvement in economic growth helped narrow the gap by $207 billion compared with last year. The Treasury Department said Friday that the deficit for the 2012...
