August 27, 2012 The Republican presidential candidate says he favors keeping all of the Bush-era tax cuts and then adding some more. To pay for these cuts, he would reduce or eliminate some of the tax deductions that many Americans have come to rely on. Economists support that plan, but Mitt Romney must win over Americans who benefit from them.
August 8, 2012 The U.S. government has been tightening the screws on Americans who hide money in offshore accounts, putting pressure on overseas banks, and joining forces with European and Japanese regulators. One effort, an amnesty program for unreported account holders, has brought in $5 billion in back taxes and penalties.