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This post has been updated. See below for details.WASHINGTON — The House gave final approval Tuesday night to a bill to rescind tax increases for the vast majority of Americans, but only after a day of closed-door debate among Republicans, who were forced to allow a vote on a compromise many in...
By complaining that state and federal tax hikes are forcing him to make "drastic changes," Phil Mickelson quickly became the poster boy for conservatives and liberals alike. The former said Mickelson epitomizes what happens when lawmakers try to fix their...
Close your eyes in Washington these days and you can almost hear the echoes of 1932. Eighty years ago, just like today, a fiscal crisis almost totally dominated the nation's capital. Then, as now, fiscal conservatives demanded immediate action to fix...
Whoever wins the presidential election in November will confront urgent problems: Should tax cuts scheduled to expire be renewed? Should federal spending be cut to reduce the deficit or would that weaken an already lackluster economy? After one of the...
WASHINGTON — Here's some encouraging news for financially stressed homeowners across the country: The Senate Finance Committee has approved a bipartisan bill that would extend the Mortgage Forgiveness Debt Relief Act through 2013. Why is this...
PolitiCalRep. Brad Sherman (D-Sherman Oaks) on Tuesday released his federal income tax returns. He challenged Rep. Howard Berman (D-Valley Village),his main opponent for the 30th Congressional District seat, to do the same....
Opinion L.A.When it comes to the federal debt, Republicans are more willing to seek their own goal of no tax hikes than they are a solution for the nation, The Times editorial board said Tuesday. Meanwhile, after ignoring the recommendations of......
Opinion L.A.Amazon and California are in a high-stakes battle over collecting sales taxes....
Money & CompanyIRS report finds that 1,470 millionaires paid no taxes in 2009 while 2 million taxpayers dropped out of the pool...
Opinion L.A.A common complaint among readers of Opinion L.A. goes something like this: "Under President Obama, 50% of the country pays no taxes." That's flatly false. But it is true that almost half of Americans pay no income taxes -- 46%, to be precise, according to...
L.A. NOWMinister who sold phony herbal cure to dying cancer patients guilty...
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