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Senate Democrat's budget would reduce tax breaks

The Senate's top budget writer said on Tuesday he was drafting a budget plan that would reduce tax breaks in an effort to keep the country's debt at a sustainable level. Full story

Mo. Senate passes overhaul of tax incentives

The Missouri Senate passed an overhaul of the state's economic incentives Monday that would eliminate tax breaks for some low-income seniors and disabled residents while creating new aid programs to encourage international trade and the development of high-tech businesses. Full story

Lawmakers try to score points on high gas prices

With U.S. gasoline prices surging to $4 a gallon, lawmakers will be scrambling this week to assure voters they are working to ease their pain. Full story

Obama keeps up push to end gas, oil tax breaks

President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry. Full story

Texas House committee approves tax break on yachts

The Texas House Ways and Means Committee has approved a tax break for those who want to buy yachts costing $250,000 or more. Full story

House budget chair backs cutting oil subsidies

House Budget Committee Chairman Paul Ryan said on Thursday he supports cutting tax breaks for the oil industry as lawmakers search for ways to battle rising gasoline prices. Full story

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Articles

Calif. budget problems affect farmland protection

Amazon: No SC tax break means end to 1,250 jobs

Oil firm tax breaks must end quickly: Senator Reid

Georgia gov signs tax break for Delta Air Lines

Alabama Senate approves governor's jobs bill

Colo. ag tax break change heads to governor's desk

Obama reissues call to cut U.S. oil tax breaks

Boehner opens door to cutting U.S. oil tax breaks

RI approves tax break for Hasbro expansion

Iowa gov vetoes tax break for low-income workers

Video

  The political fallout of a troubled economy

David Brooks, Eugene Robinson, Alex Castellanos and Anita Dunn join moderator David Gregory to discuss.