Ron Wyden, poised to become the Senate’s top Democrat on tax policy, said he will push to establish universal savings accounts for all newborns in the U.S. as a way to “really put a dent in the poverty rate.”
President Barack Obama urged Congress to back two of the top priorities of U.S. multinational corporations: broader authority for his administration to negotiate trade deals along with changes to immigration laws.
Vice President Joe Biden and Republican challenger Paul Ryan, a Wisconsin representative, made competing assertions during their debate last night in Danville, Kentucky. How did they square with the facts?
Here’s some holiday cheer: 120 million American families no longer have to file income tax returns; the top individual rate is lowered by 20 percent; the top corporate rate is cut by more than half; the government gets the same amount of revenue; and the tax system is slightly more progressive.