Tag Archives: fiscal-cliff

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

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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

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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

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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 →