The vast majority of tax breaks in the U.S. tax code would be difficult to eliminate because they promote important social goals or are “hugely popular” with voters, according to a new congressional analysis that casts doubt on Republican promises to substantially lower tax rates without increasing budget deficits. Read full article >>

Sections:  news   politics   
Topics:  budget deficit   congress   tax breaks   tax code   tax rate   taxes   
RELATED ARTICLES
  • Owner of Mystic Pizza pleads guilty to tax charges
    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
  • Portman among 47 GOP senators to sign letter to Iran
    WASHINGTON — In a move Democrats denounced as trying to sabotage the Obama administration’s foreign policy, Sen. Rob Portman and 46 other Senate Republicans yesterday warned Iran’s leadership that any agreement to limit Tehran’s apparent efforts to build a nuclear bomb would need Senate approval to stay in effect beyond 2016. More
  • Coalition on immigration bill clears first tests
    The bipartisan coalition behind a contentious overhaul of immigration laws stuck together on a critical early series of test votes Thursday, turning back challenges from conservative critics as the Senate Judiciary Committee refined legislation to secure the nation's borders and offer eventual citizenship to millions living illegally in the United States. More
  • Republicans to back Obama's student loan plan
    House Republicans are willing to give President Barack Obama a rare win, the chairman of the Education and Workforce Committee said Thursday in outlining a deal that would let college students avoid a costly hike on their student loans. More
  • GOP boycotts health care advisory board
    House and Senate Republican leaders told President Barack Obama Thursday that they will refuse to nominate candidates to serve on an advisory board that is to play a role in holding down Medicare costs under the new health care act. More
BING NEWS:
  • Four big things the winners of Congress will have to tackle in 2025
    Whichever party wins control of the House and Senate will get to decide how to handle a slew of consequential policy matters.
    11/4/2024 - 9:21 am | View Link
  • A wave of private energy spending is coming — but may be too late to help Democrats
    After Biden signed the climate law, companies announced plans to build or expand an estimated 555 manufacturing facilities that could benefit from the IRA’s tax breaks and other ... are poised to be ...
    11/4/2024 - 8:00 am | View Link
  • World on Edge as US Presidential Election Holds Tomorrow
    Tens of millions of US citizens will be going to the polls tomorrow (Tuesday) for the country’s tightly contested presidential election, a two-horse race between Vice President Kamala Harris and ...
    11/3/2024 - 3:46 pm | View Link
  • The Races for Congress
    The Senate math is daunting for Democrats. Their caucus now has 51 senators, meaning they can lose only one seat and retain control in a Harris presidency. (The vice president breaks 50-50 Senate ties ...
    10/31/2024 - 11:46 pm | View Link
  • Can Donald Trump do better in California than he did in the past?
    He wants tax breaks ... tough environmental regulations are popular in California. “There are stark differences between where the public lands and where Trump lands on these issues,” Baldassare said.
    10/29/2024 - 2:28 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News