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...
WSJ Editorial Board Member Steve Moore on the potential tax hikes in an effort to reach a deal on the fiscal cliff.
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.
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...
Rate Coalition co-chair Elaine Kamarck weighs in on Romney's tax plan.
Jeanne Zaino and Shane D’Aprile on whether it really helped undecided voters
Americans for Tax Reform president Grover Norquist weighs in on the tax debate.
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...
All-Star panel weighs in
FOX News Contributor Tamara Holder and ABC Radio’s Bernard McGuirk discuss the Presidential debate.
Romney pushes overhaul 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.
NFIB CEO Dan Danner weighs in on Obama's new tax plan .
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.
Gov. Mike Huckabee on President Obama ’s tax plan proposal.
Forbes Media Chairman Steve Forbes sounds off on Obama's climate change plan and tax reform.
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...
Jack Ablin, Harris Private Bank CIO, on why he believes the market is oversold and why we’re seeing a post-election reset.