Essential reading: As companies seek tax deals, governments pay high price, and more

Essential reading:  As companies seek tax deals, governments pay high price, and more

A Times investigation has examined and tallied thousands of local tax incentives granted nationwide and has found that states, counties and cities are giving up more than $80 billion each year to companies. Continue reading

Essential reading: On ‘fiscal cliff,’ both sides lay groundwork, and more

On ‘fiscal cliff,’ both sides lay groundwork for debate’s next phase. Private talks between President Obama and top congressional leaders in search of a deal to avoid the year-end “fiscal cliff” are accelerating, officials said Monday, even as the president began ramping up pressure on Republicans to extend tax cuts for the middle class. Continue reading

Essential reading: Democrats like a Romney idea on income tax, and more

Democrats are latching on to an idea floated by Republican presidential candidate Mitt Romney to raise taxes on the rich through a hard cap on income tax deductions. Democrats now see it as an important element of a potential deficit reduction agreement. Continue reading