South Korea's ruling party will block further tax cuts for companies and individuals and instead boost financial support for the poor, a newly appointed party leader said Monday, as the crisis-hit government strives to boost its popularity.Full story
The state collected $377 million in tax revenue in April, topping the month's forecast by $14 million and adding to optimism among leaders that Idaho's economy is recovering from the deepest recession since the Great Depression. Full story
Consumer-electronics maker Motorola Mobility said Friday that it will keep its headquarters in the Chicago suburb of Libertyville after the state promised the company $100 million in tax breaks over the next decade, easily one of the largest incentive packages the state has ever given a company. Full story
“Too many loopholes make the system unfair” and untenable, Treasury Secretary Tim Geithner says, adding that the administration’s plans to fix these issues should garner broad bipartisan support.
Tax expert David Cay Johnston and Leo Gerard of United Steelworkers explains how Rep. Paul Ryan’s budget proposal will be detrimental to entitlement spending.
Must Read Op-Eds: Mika Brzezinski and Joe Scarborough read from an editorial in Wednesday’s New York Times which says that if Republicans continue to press for billions of cuts to discretionary spending, then Democrats will continue to say no.
CNBC’s Nicole Lapin discusses some of the kinks in the tax system that may affect your return, including no early filing before Valentine’s Day.
A new tax deal, which will help fill the state’s $15 billion budget hole, was passed by Illinois Democrats Wednesday morning, before the new General Assembly was sworn into office. Ralph Martire, executive director of the Center for Tax and Budget Accountability, discusses the impact.
"Teague's Tax for Families" tv spot by Americans for Job Security
