Content Tagged As tax_cuts

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  • Labor heads say Obama backs them on 'fiscal cliff'

    November 13, 2012 12:47 PM

    WASHINGTON - Labor leaders say President Barack Obama remains committed to preserving tax cuts for middle class families and ensuring that the wealthiest Americans pay more in taxes. The leaders of labor unions met with Obama Tuesday to discuss ways of averting the so-called "fiscal cliff" and find consensus on... more »
  • Obama will ask Congress to act

    November 9, 2012 9:36 AM

    WASHINGTON - Will he stand tough, or offer a compromise? Democrats and Republicans are waiting to see what kind of tone President Barack Obama will set as he talks today about the approaching "fiscal cliff" and the need to work out a deal with Congress to avoid automatic tax... more »
  • Fitch Ratings warns Obama must get deficit deal

    November 7, 2012 10:54 AM

    WASHINGTON - Fitch Ratings says President Barack Obama must pivot off his re-election victory and quickly forge an agreement with Congress to prevent a series of tax increases and spending cuts that kick in next year. The credit rating agency issued a news release Wednesday - hours after Obama won... more »
  • Senate OKs Dem tax-cut bill in showdown with GOP

    July 25, 2012 4:18 PM

    WASHINGTON - The Senate has voted to approve a Democratic bill renewing tax cuts next year for all but the highest-earning Americans. The partisan 51-48 vote was a victory for Democrats and averted what would have been a campaign-season embarrassment for them and the White House. The bill closely follows... more »
  • White House non-committal on paying for tax cut

    November 29, 2011 3:46 PM

    WASHINGTON - The White House is refusing to say whether President Barack Obama would sign into law an extension of payroll tax cuts that is not paid for. Spokesman Jay Carney says Obama would prefer that lawmakers find a way to pay for the cuts and not add to... more »
  • Tax bill hits 60 in Senate vote

    December 13, 2010 3:24 PM

    WASHINGTON - Legislation to avert a Jan. 1 increase in income tax rates has gained 60 votes in the Senate, the level needed to advance toward a final vote. The roll call is continuing, and the test vote is not final. But the bipartisan show of support is a strong... more »
  • Obama defends tax deal, says best for the nation

    December 7, 2010 1:43 PM

    WASHINGTON - Facing a Democratic rebellion, President Barack Obama on Tuesday staunchly defended his decision to compromise with Republicans and temporarily extend about-to-expire tax cuts for all Americans. "There are some who would have preferred a protracted political fight," the president said at a White House news conference a day... more »
  • Senate's GOP leader says tax cuts will be extended

    December 5, 2010 9:20 AM

    WASHINGTON - The Senate Republican leader says it's become clear now that taxes will not be raised for anyone during the current economic downturn. Sen. Mitch McConnell's assessment comes a day after Senate Republicans voted down Democratic efforts to limit any extension of the Bush-era tax cuts for the top-earning... more »
  • Bill blocked to let upper-income tax cuts expire

    December 4, 2010 10:27 AM

    WASHINGTON - Senate Republicans have blocked legislation allowing taxes to rise on upper income taxpayers on Jan. 1. The vote Saturday was 53-36 - seven short of the 60 needed to advance the measure. Without action by Congress, all income tax cuts enacted when George W. Bush was... more »
  • Obama challenges Republicans on tax cuts

    September 8, 2010 1:10 PM

    President Barack Obama says it's time to extend Bush-era tax cuts for the middle class - but the nation can't afford the Republican approach of extending tax cuts for the wealthy as well. In remarks he's prepared for a speech in Ohio, Obama directly addresses House Minority Leader John... more »
  • House passes bill to fund infrastructure, tax cuts

    March 24, 2010 2:58 PM

    The House has passed a bill that would send billions of dollars to local governments for construction projects and welfare programs. It's the latest in a series of election-year jobs bills Democrats are pushing. The bill combines $13.2 billion in interest subsidies for local construction bonds with $3.6... more »

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