December 11, 2012 The estate tax is yet another piece of the fiscal cliff that needs to be worked out. Those who want to the raise what they call the "Paris Hilton tax" say it applies only to the very rich, who can afford to pay. Opponents of the increase, however, brand it the "death tax" and say it hurts farmers and small-business owners.
December 3, 2012 Republicans want to raise revenue by closing loopholes in the tax code instead of by raising rates. But tax breaks like the charitable deduction and the mortgage interest deduction come with interest groups willing to fight tooth and nail for them.
December 3, 2012 Mitt Romney may have lost the election, but the tax policy he floated is sticking with congressional Republicans. Rather than raising rates, the GOP would prefer to shrink or eliminate deductions. So what would that do to the deficit — and to the middle class?
December 1, 2012 The president is using email, social media and public appearances to promote his message in the fight over federal taxes on Capitol Hill. The president hopes the campaign will put pressure on Republican lawmakers to come to a deal that would avoid automatic, across-the-board tax hikes.