Congress, Tax Deal | featured news

Congressional leaders prepared for a meeting at the White House on Friday as top aides said lawmakers were pursuing a proposal that would prevent tax increases on income of $400,000 or below.

A deal that President Barack Obama struck with Republicans to extend expiring tax cuts for nearly every working American and spur job growth sailed through the Senate on Wednesday.

Former Massachusetts Gov. and potential GOP 2012 presidential candidate Mitt Romney today penned an op-ed in USA Today criticizing the tax deal, though he stopped short of urging Republicans in Congress to vote against it. "Death and taxes, it is said ...

The Democratic-led U.S. Congress moved on Monday toward grudging approval of President Barack Obama's deal with Republicans to extend expiring tax cuts, even for the wealthiest Americans.

House Democrats voted not to bring up a tax deal President Obama negotiated with the GOP, raising questions over the president's influence in his own party.