Tax Code News
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Updated 5 minutes ago
U.S. companies led by General Electric Co. and Pfizer Inc. stockpiled an additional $187 billion in untaxed overseas profits over the past year, boosting their offshore holdings by 18.4 percent, according to data compiled by Bloomberg.
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What is a government program? And are you on one right now? Those are the questions Cornell University political scientist Suzanne Mettler has been posing.
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The following is the text of the Federal Reserve Board’s Seventh District-- Chicago.
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In President Barack Obama’s tax policy, $250,000 means $250,000 -- except when it means $247,450 or $267,500.
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Republican U.S. Senator Olympia Snowe of Maine cited frustration with Congress’s partisanship for her decision not to seek re-election in November, an action that hampers her party’s chances to seize control of the chamber in November.
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Like the Republicans, President Barack Obama recognizes that our high corporate-tax rate puts U.S. companies at a disadvantage to their foreign competitors.
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The Democratic Party’s tax-fairness campaign theme pits Senator Chuck Schumer of New York, among the chief architects of that message, against some of his most influential constituents and top campaign donors.
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Mitt Romney and Rick Santorum campaigned across Michigan yesterday in a final push ahead of the state’s primary election next week, a contest that could reshape the Republican presidential race.
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Republican presidential candidate Mitt Romney’s plan to cut income tax rates by 20 percent without increasing the U.S. budget deficit relies on unspecified assumptions about economic growth and unannounced details about the tax breaks he would curtail.
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President Barack Obama’s belief that the U.S. tax system pushes jobs overseas and Republican assertions that multinational companies are disadvantaged will make compromise on a new corporate tax code difficult.
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