Tim Geithner, US treasury secretary, suggested there was little room for compromise on the Obama administration's plans to let tax cuts for wealthy Americans enacted under George W. Bush expire at the end of the year, saying even a delay until 2011 would hurt the economic recovery

Tim Geithner, US treasury secretary, suggested there was little room for compromise on the Obama administration's plans to let tax cuts for wealthy Americans enacted under George W. Bush expire at the end of the year, saying even a delay until 2011 would hurt the economic recovery

Duncan argues that a wealth tax might be a good way of raising more revenue post-recession. There is a lot of discussion about how income tax is evaded and avoided. A wealth tax may well face the same problems - however it also offers the potential to tax accumulated wealth that may not have faced income tax. It also widens the tax burden to cover those who may have large amounts of assets but are...

The White House has seized on growing signs of a split within the Republican party over whether to extend the George W. Bush-era tax cuts for the wealthy

The Conservatives now have two whole policies: giving massive inheritance tax cuts to millionaires; offering tiny tax advantages for marriage*. But what values link these two ideas together? For example, Liberal Democrat plans to close tax loopholes for the richest, tax pollution and tax multi-million mansions will fund tax cuts of £700 for everyone on low and middle incomes (so you can make...

We are, as Richard Nixon once said, all Keynesians now. George Bush, Barack Obama, Gordon Brown and David Cameron are all backing tax cuts to boost economic growth. From Washington to Beijing, governments have decided that they need to do more than cut interest rates to end the global financial crisis. They need a looser fiscal policy too. In reality, John Maynard Keynes never saw tax cuts or incr...

The Conservatives now have two whole policies: giving massive inheritance tax cuts to millionaires; giving tiny tax bribes for marriage*. But what values link these two ideas together? For example, Liberal Democrat plans to close tax loopholes for the richest, tax pollution and tax multi-million mansions will fund tax cuts of £700 for everyone on low and middle incomes (so you can make your ...

71% agree with a new wealth tax on earnings above £250,000; Wealth is a stock, income or earnings a flow. A wealth tax is thus a tax on the stock of stuff that people already have. A tax on earnings would be a tax on the flow and would be an earnings or an income tax. A "wealth

A great deal of back and forth is being generated over the extension of the Bush-era tax levels. Notice, I don't refer top them as tax cuts, because nobody's taxes are actually being cut..just maintained at the same level. The Left is in full class warfare mode, with the Democrat Lame Ducks passing a so-called 'middle class tax cut' that extends the Bush tax percentages to only...

Times have changed, voters want the pendulum to swing back from spending towards tax cuts. Rumours are circulating in the Westminster Village that Gordon and Alastair are preparing to announce tax cuts. Which will, even if they are only rhetorical tax cuts, in a stroke make Dave and George look ridiculous as both Labour and the LibDems promise tax cuts and the Tories are left high and dry stranded...