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Romney and America's biggest tax break
New York (CNNMoney) – Among the questions about how Mitt Romney would pay for his $5 trillion tax plan is whether he would curb the biggest tax break of all: the largely invisible tax savings workers...
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California governor sees tax referendum as sign of changing tide
(CNN) -– Gov. Jerry Brown sees California voters’ openness to temporarily increasing taxes on wealthy individuals’ income as a sign voters nationwide may be open to the idea. “The cutting and the...
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Curbing tax breaks: Does the math add up?
New York (CNNMoney) - Republicans have officially gotten on board with raising revenue for deficit reduction - by curbing tax breaks in conjunction with lowering tax rates. The idea of curbing tax...
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Chambliss fires off on Norquist's anti-tax pledge
(CNN) – A top Republican U.S. senator brushed off the anti-tax pledge pushed by activist Grover Norquist and embraced widely for years by GOP lawmakers. "I care more about my country than I do about a...
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Some Republicans move away from no-tax pledge
Washington (CNN) – Nothing riles up the tea party chattering class like a broken pledge against raising taxes. Just ask Sen. Saxby Chambliss, a veteran Georgia Republican who this week turned his back...
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The language of the loophole
Washington, DC (CNN) - We’re hearing a lot about tax loopholes these days, as Washington grapples with ways to solve the fiscal crisis. But what IS a tax loophole?
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Fiscal cliff tax deal: Getting to $1 trillion
New York (CNNMoney) - Leaders in Washington say they want to make a "down payment" on deficit reduction and avert the fiscal cliff. But the size of any down payment depends in large part on whether the...
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How to raise taxes on the rich
New York (CNNMoney) - The line in the sand in the fiscal cliff talks is clear: Democrats will only agree to a deal that raises the tax burden on high-income households. Democrats want to accomplish...
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Payroll tax cut: Is it in, or is it out?
New York (CNNMoney) – In all the rhetorical noise about the fiscal cliff, the discussion has focused most heavily on the Bush-era income tax cuts. Neither party wants to raise income taxes on the...
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GOP lawmakers debate politics of raising top tax rates
(CNN) – Divergent Republican views on raising tax rates for the wealthy were on display Sunday, as time grew shorter for reaching a deal to avoid fiscal crisis at the end of the year. Reps. Marsha...
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The real debt problem: What will eat the tax dollars
New York (CNNMoney) - Often missing from the hyper-politicized debate over spending cuts and tax increases is a central point: Why the federal budget is on an unsustainable course. Today, the United...
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Businesses hate higher taxes but say they'll take the hit
New York (CNNMoney) - They hate the idea of higher taxes, but some small business owners say they can handle paying a little more. That's how they feel about President Obama's plan to raise tax rates...
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Parents await fate of four key tax breaks
(CNNMoney) - As the countdown to a fiscal cliff reaches its final days, four key tax breaks for parents are hanging in the balance. Lawmakers and President Obama continue to butt heads about which tax...
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What happens if the payroll tax cut expires
New York (CNNMoney) – The payroll tax cut that boosted paychecks for millions of working Americans over the past two years may be on the brink of extinction. As Republicans and Democrats search for a...
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Clock ticking on mortgage tax break for struggling homeowners
(CNNMoney) - A tax break that has saved struggling homeowners from paying thousands of dollars to the IRS is just days away from expiring. If the Mortgage Forgiveness Debt Relief Act of 2007 does not...
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Biggest budget busters: Spending or tax cuts?
New York (CNNMoney) - What's to blame for the big growth in federal debt? Republicans blame runaway spending. Democrats blame tax cuts. Neither is quite right. The fact is both spending and taxes play...
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Tax breaks: Where big money is
New York (CNNMoney) – If Congress and President Obama are ever going to get serious about tax reform, they will have to rethink some of the biggest and most popular tax breaks. It won't be easy.
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Democrats Talk Tax Hikes, Part II
(CNN) - Senate Democrats are working on a temporary measure, which includes new tax measures, to avoid steep automatic spending cuts looming on March 1, CNN has learned. While a source familiar with...
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The rich pay majority of U.S. income taxes
New York (CNNMoney) – Many people think that the rich are able to weasel their way out of taxes, but they actually pay an overwhelming majority of the taxes in the United States. What's more, their...
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Parties still talking past each other on taxes and spending
Washington (CNN) – Despite a ballyhooed charm offensive by President Barack Obama, political leaders continued talking past each other on Tuesday in proposing partisan ideas on taxes and spending that...
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