Skip navigation

RI gov vetoes tax break for unsold new homes

For the second year in a row Rhode Island's governor has vetoed legislation that would have placed a tax break on unsold new homes. Full story

Anti-tax advocate Norquist backs latest U.S. tax revamp effort

WASHINGTON (Reuters) - Grover Norquist, the influential anti-tax activist, on Wednesday threw his support behind the latest bid by Senate tax writers to overhaul the U.S. tax code. But he added caveats that highlight the challenges lawmakers face in their quest. Full story

Some lawmakers bristle at tax overhaul starting with 'blank slate'

WASHINGTON (Reuters) - The U.S. Senate's Republican leader and one of its most liberal members seldom agree on much, but on Tuesday both threw cold water on efforts by senior tax legislators to overhaul the U.S. tax code by starting with a "blank slate." Full story

Senate tax-writers give colleagues deadline for tax fixes

WASHINGTON (Reuters) - The Senate's top Democratic and Republican tax-writers, undertaking a rewrite of the U.S. tax code, on Thursday challenged their Senate colleagues to justify keeping popular tax breaks versus lowering rates. Full story

U.S. tax writers to propose a controversial tax code revamp

WASHINGTON (Reuters) - The top Democrat and Republican tax-writers in the Senate will propose a revamp of the tax code on Thursday that challenges their colleagues to justify retaining some of the country's most cherished tax breaks. Full story

Why mortgage rates are highest in a year

   Morgan Brennan joins Alex Witt to break down the week’s "Three Big Money Headlines." She explains the mortgage rates and why they are the highest they have been in more than a year. Another takeaway from the week is that middle income Americans get the least amount of tax breaks which will be a cont

Sponsored Links

Articles

Top tax breaks to cost $12 trillion over decade, benefit wealthy: CBO

NBC Politics: As Congress debates curbs on tax breaks, a new one debuts in 2014

Stern Advice: A tax strategy for all seasons

Special interests defend breaks in report on tax overhaul

Lawmakers, economists spar over "wasteful" U.S. mortgage tax break

Starbucks, under fire in UK, seeks U.S. tax breaks

Effect of cutting payroll tax break seen in dismal job numbers

NBC Politics: Higher taxes for some, tax breaks for others in Obama budget

New Jersey corporate tax breaks surge, but economy lags: study

Reform-minded Congress panel to eye state, local tax breaks

Video

  Which tax breaks were included in the fiscal cliff deal?

NBC’s Michael Isikoff joins The Daily Rundown's Chuck Todd to take a look at the tax breaks included in the fiscal cliff.

  The unemployment cliff is looming

Everyone has been focused on tax breaks for the wealthiest Americans throughout this entire fiscal cliff debate. But the fact is, unemployed Americans will be the hardest hit if we go over the cliff on January 1. Dr. Michael Eric Dyson talks to Rev. Frederick Haynes about what these cuts would mean

  Tax Breaks for Yacht Owners

Yacht owners can get tax breaks by filing their yachts as a business expense, reports CNBC's Robert Frank.

  Watch artists ink debate in time-lapse video

Artists teamed up with NBC News to sketch the presidential debate, illustrating the discussion on tax breaks, Big Bird and jobs. TODAY’s Natalie Morales takes a look.

  Tax Breaks for Billionaire Building

While many Americans are struggling to stay above water with their mortgages, the mega-rich are moving into a new condo building under construction are getting massive tax breaks, reports CNBC's Robert Frank.

advertisement | ad info

Related Photos

Subway platform
Subway platform

About 2.7 million families will benefit from the tax break for taking mass transit.