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Obama Tax Plan

Obama Budget Would Hike Tax Revenue, Cut Deficits

 President  Barack Obama 's fiscal 2015 budget request would boost U.S. tax revenues by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the  Congressional Budget Office  said on Thursday.There is virtually no chance that  Congress  will advance Obama's plan in its entirety. But the CBO's latest analysis will feed campaign messaging by both Democrats and Republicans ahead of congressional elections in November.The analysis compares Obama's request to a new "baseline" estimate that CBO released last week that assumes no changes to current tax and spending laws.But Obama's budget plan is loaded with new policy changes, including an assumption that sweeping immigration reforms are enacted, producing a net 10-year deficit reduction of $158 billion.It proposes to boost revenues by limiting tax breaks for wealthy Americans and businesses, imposing a new tax on millionaires, raising tobacco taxes, and restoring estate and gif...

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  1. How Will Obama’s Re-Election Impact Your Taxes?

    WSJ Editorial Board Member Steve Moore on the potential tax hikes in an effort to reach a deal on the fiscal cliff.

  2. Raise Taxes or Cut Tax Subsidies?

    Grover Norquist of Americans for Tax Reform discusses Simpson-Bowles and the confusion over Mitt Romney’s tax plan versus President Obama ’s current tax reform.

  3. Who Gets the 'A' in Student Aid? Obama vs. Romney

    Higher education has taken a back seat to other issues in this election, but the outcome of the presidential vote will have a major impact on students and families p...

  4. Does Obama's Bash of Romney's Tax Plan Win Votes?

    Rate Coalition co-chair Elaine Kamarck weighs in on Romney's tax plan.

  5. FNC Video

    TheFiveInsider

  6. Did the town hall debate format work?

    Jeanne Zaino and Shane D’Aprile on whether it really helped undecided voters

  7. Norquist: Obama Will Raise Your Taxes

    Americans for Tax Reform president Grover Norquist weighs in on the tax debate.

  8. Obama: I've Cut Taxes 18 Times; Romney: I Know Why Jobs Come and Go

    Mirroring the first debate face-off between President Obama and Governor Romney, small business once again took center stage at Tuesday's town hall debate. The candi...

  9. Part Two: Judge Napolitano and the Special Report Panel Rate Romney’s Debate Performance

    Insider Napolitano

  10. Looking ahead at next debates

    All-Star panel weighs in

  11. Obama Takes Blows from Romney, But Doesn’t Return

    FOX News Contributor Tamara Holder and ABC Radio’s Bernard McGuirk discuss the Presidential debate.

  12. Would tax reform boost US economy?

    Romney pushes overhaul plan

  1. Michelin Chairman on Obama's Corporate Tax Plan

    Michelin North America Chairman and President Pete Selleck on the latest in tire-making technology and the need for a lower corporate tax rate.

  2. NFIB CEO: Tax Plan Slights Small Business

    NFIB CEO Dan Danner weighs in on Obama's new tax plan .

  3. Obama's Tax Reforms Don't Offer Much to Small Businesses

    Two of the nation’s largest small business organizations say a focus on lowering corporate tax reforms ignores the majority of small businesses in the U.S.

  4. Obama’s Corporate Tax Proposal

    Gov. Mike Huckabee on President Obama ’s tax plan proposal.

  5. Forbes: Climate Change Plan a Lump of Coal

    Forbes Media Chairman Steve Forbes sounds off on Obama's climate change plan and tax reform.

  6. GOP's Boehner Says No Progress in 'Fiscal Cliff' Talks

    House Speaker John Boehner sounded a downbeat note Friday about talks to avoid the so-called "fiscal cliff" in less than four weeks, saying that "there is no progres...

  7. Ablin: Market is Oversold

    Jack Ablin, Harris Private Bank CIO, on why he believes the market is oversold and why we’re seeing a post-election reset.

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