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Taxes

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'Cliff' bill to House, but doubts on spending cuts

Andrew Taylor, Associated Press
WASHINGTON (AP) - The Senate-approved compromise to avert the 'fiscal cliff' ran headlong into opposition from the No. 2 House Republican and other GOP lawmakers Tuesday...
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obama-fiscal-cliff-meet-the-press

Obama ups pressure in fiscal cliff talks

Associated Press
WASHINGTON (AP) - President Barack Obama upped the pressure on Republican leaders to reach a fiscal deal, as the Senate tried to work out a compromise agreement as early as Sunday...
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President Barack Obama waves to reporters as he steps off the Marine One helicopter and walks on the South Lawn at the White House in Washington, Thursday, Dec. 27, 2012, as he returns early from his Hawaii vacation for meetings on the fiscal cliff. (AP Photo/Charles Dharapak)

White House meeting a last stab at a fiscal deal

Jim Kuhnhenn, Associated Press
WASHINGTON (AP) - Congressional leaders have arrived at the White House for a meeting with President Barack Obama in an eleventh-hour effort to avert a fiscal cliff...
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Scott Olson/Getty Images News

Republicans consider major shifts on key issues

Josh Lederman, Thomas Beaumont, Associated Press
DES MOINES, Iowa (AP) — For years, Republicans have adhered fiercely to their bedrock conservative principles, resisting Democratic calls for tax hikes, comprehensive immigration reform and gun control. Now, seven weeks after an electoral drubbing, some party leaders and rank-and-file alike are signaling a willingness to bend on all three issues...
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Alex Wong/Getty Images News

On 'fiscal cliff,' no deal in sight

Jim Kuhnhenn, Associated Press
WASHINGTON (AP) — Lawmakers are engaged in a playground game of "who goes first," daring each political party to let the year end without resolving a Jan. 1 confluence of higher taxes and deep spending cuts that could rattle a recovering, but-still-fragile economy.
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"Fat Joe," left, whose real name is Joseph Cartagena, leaves court with his attorney Jeffrey Lichtman in Newark N.J., Thursday, Dec. 20, 2012. The rap star faces up to two years in prison after pleading guilty in federal court to failing to pay taxes on nearly $3 million in income over two years. (AP Photo/Samantha Henry)

Rapper 'Fat Joe' admits tax evasion in NJ court

Samantha Henry, Associated Press
NEWARK, N.J. (AP) - The rap artist 'Fat Joe' pleaded guilty Thursday to failing to pay taxes on nearly $3 million in income he earned over two years for performances and music royalties...
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Bill Pugliano/Getty Images

Obama, GOP near fiscal cliff deal

Associated Press
WASHINGTON (AP) — Both President Barack Obama and Congress' most powerful Republican are making significant concessions just two weeks before the economy-threatening 'fiscal cliff'...
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President Barack Obama (R) shakes hands with Speaker of the House John Boehner (R-OH) during a meeting with bipartisan group of congressional leaders in the Roosevelt Room of the White House on November 16, 2012 in Washington, DC. Obama and congressional leaders of both parties are meeting to reportedly discuss deficit reduction before the tax increases and automatic spending cuts go into affect in the new year. (Photo by Olivier Douliery-Pool/Getty Images)

Boehner offers millionaire tax hike

Jim Kuhnhenn, Associated Press
WASHINGTON (AP) - House of Representatives Speaker John Boehner has signaled new movement in 'fiscal cliff' talks that had appeared stalled by proposing a tax hike for earners making more than $1 million...
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REDFORD, MI  - DECEMBER 10:  U.S. President Barack Obama speaks about the economy at the Daimler Detroit Diesel engine plant December 10, 2012 in Redford, Michigan. The President and Congress have not yet come to an agreement regarding how to extend the Bush-era tax cuts, which expire at the end of this year (the so-called "fiscal cliff"). Republicans in Congress want the tax cuts to continue to apply to all tax payers, whereas the President wants them to apply only to tax payers who earn less than $250,000 a year.  (Photo by Bill Pugliano/Getty Images)

Obama looks to use political capital in 'fiscal cliff' negotiations

Tom Raum, Associated Press
(AP) - President Barack Obama is trying to spend what former President George W. Bush called 'political capital'...
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Conservative author and pundit Ann Coulter delivers remarks to the Conservative Political Action Conference (CPAC) at the Marriott Wardman Park February 10, 2012 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

Ann Coulter: GOP should cave on tax hikes for rich

Brittany Tom
theGRIO REPORT - Her political about face came during Fox's Sean Hannity Show when the topic of the fiscal cliff was brought up and Coulter explained that Republicans need to stop giving into the media's negative perception of their party...
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