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Wednesday, April 7, 2010 as of 11:14 AM ET

George H. W. Bush

George Herbert Walker Bush (born June 12, 1924) is an American politician who served as the 41st President of the United States (1989–93).

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Is Facebook's Saverin Dodging Taxes?

FOX Business's Peter Barnes is reporting that Democrats want to introduce legislation to "reimpose" taxes on people who renounce US citizenship and bar their reentry to the U.

S.This D.C. harrumphing is over the decision by Eduardo Saverin, a Facebook co-founder, to give up his U.S. citizenship last September to become a citizen of Singapore in advance of  Facebook's lucrative initial public offering (Saverin was born and raised in Brazil, and moved to the U.S. in 1992).Take note that plenty of our elected officials have gamed the tax system to lower their bills, or defrauded the Treasury Department (see below) when taxes rise.Take note too that Saverin probably paid more than his "fair" share of taxes, because when you renounce your American citizenship, you have to fork over loads in taxes on all that you own, and then you get to move. Saverin has also created plenty of wealth, jobs and federal, state and local taxes by co-founding Facebook.Saverin's spokesman said, "Eduardo's decisio...

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  10. Supercommittee a Failure for Both Parties

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  11. U.S. Debt Panel Deadlocked

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    I’ve covered the IRS and taxes for years, and I’ve testified before Congress about IRS and tax reform.This country has never tried a flat tax. The federal government...

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    Radio host Monica Crowley discusses the strengths of the Romney and Obama campaigns.

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    Reason TV’s Nick Gillespie on the misuse of the Americans With Disabilities Act.

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  5. Fed Nominees Pledge To Be Non-partisan

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    FNC contributor Ed Rollins on the GOP Presidential race and the primaries in Alabama and Mississippi.

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    The Weekly Standard Editor Bill Kristol gives his outlook for the elections on Super Tuesday.

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