NEW YORK (CNNMoney) - Texas Governor Rick Perry likes to brag that his state is an economic powerhouse. But don't tell that to the nearly one in five Texans who are living below the poverty line.
While it's true that Texas is responsible for 40% of the jobs added in the U.S. over the past two years, its poverty rate also grew faster than the national average in 2010.FULL STORY
Washington (CNN) - There is a war going on in Washington, and the politicians waging it can't even agree on what kind it is.
To Republicans, President Barack Obama and Democrats are waging class warfare by proposing tax reforms that would make wealthy Americans pay more than they do now.FULL STORY
(CNN) - Former President Bill Clinton said former Vice President Dick Cheney was playing politics when he suggested Secretary of State Hillary Clinton run for president in 2012 against President Barack Obama.
“I'm very proud of her. And so I'm always gratified whenever anyone says anything nice about her. And I very much agree that she's done a good job,” Clinton, a Democrat, said Sunday on CBS’ “Face the Nation.” “But I also have a high regard for Vice President Cheney's political skills. And I think one of those great skills is sowing discord among the opposition.”
(CNN) - Democratic Sen. Dick Durbin pointed his political arrow at House Speaker John Boehner on Sunday over the Republican Party's tax stance.
"I wonder if John Boehner knows what it sounds like when he continues to say the position of the Republican Party in America is that you can't impose one more penny in taxes on the wealthiest people," Durbin said on CNN's "State of the Union." "I wonder if he understands how that sounds in Ohio, to working families who are struggling paycheck to paycheck."
Washington (CNN) – The White House will propose a new tax rate for people earning more than $1 million a year to ensure that they pay at least the same percentage of their earnings in taxes as middle-income Americans, a senior administration official told CNN on Sunday.
Called the Buffett Rule, the proposal will be part of a comprehensive deficit reduction plan President Barack Obama will unveil on Monday, according to the official, who spoke on condition of not being identified.FULL STORY
(CNN)-It's early, and State of the Union is bringing you the best of the morning headlines to go with your cup of coffee.
On our radar this morning: President Obama's new tax plan for millionaires.
Check out what we're reading, and be sure to watch the show today at 9am/12pm ET.