November 11th, 2012
09:00 AM ET
2 years ago

California governor sees tax referendum as sign of changing tide

(CNN) -– Gov. Jerry Brown sees California voters’ openness to temporarily increasing taxes on wealthy individuals’ income as a sign voters nationwide may be open to the idea.

“The cutting and the deficits are out of control,” the California Democrat said Sunday on CNNs “State of the Union.”
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Filed under: Budget • California • Jerry Brown • Taxes
Romney and America's biggest tax break
November 5th, 2012
07:02 AM ET
2 years ago

Romney and America's biggest tax break

New York (CNNMoney) – Among the questions about how Mitt Romney would pay for his $5 trillion tax plan is whether he would curb the biggest tax break of all: the largely invisible tax savings workers get when their employer provides health insurance.

The "health care exclusion" applies to the money a company contributes to help pay for an employee's coverage; that money is considered income to the worker, and the IRS treats it as tax-free.

Watch CNN's comprehensive coverage of Election Day starting at 6 p.m. ET Tuesday on CNN TV and follow online at CNN.com or via CNN's apps for iPhone, iPad and Android. For up-to-the-minute results, go to cnn.com/results and for our real-time Election Day live blog, check out cnn.com/conversation. Need other reasons to watch Election Day coverage on CNN's platforms? Click here for our list.

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Filed under: 2012 • CNNMoney.com • Mitt Romney • President Obama • Taxes
CEOs: Taxes have to be part of debt plan
October 25th, 2012
02:07 PM ET
2 years ago

CEOs: Taxes have to be part of debt plan

New York (CNNMoney) - As Congress dithers on resolving the fiscal cliff and long-term debt, 87 CEOs of major companies publicly urged lawmakers to compromise - and fast.

Their prescription: a debt-reduction plan that raises tax revenue and cuts spending.

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Filed under: Debt • Deficit • Taxes
Tax deduction cap: How much would it raise and who'd pay?
October 17th, 2012
06:07 PM ET
2 years ago

Tax deduction cap: How much would it raise and who'd pay?

New York (CNNMoney) - One of the big unknowns about Mitt Romney's $5 trillion tax plan is how he would pay for it.

According to a report released Wednesday, one of the options he has talked about wouldn't raise nearly enough money on its own.

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Filed under: Mitt Romney • Taxes
Romney tax plan: Two big unknowns
October 16th, 2012
08:52 AM ET
2 years ago

Romney tax plan: Two big unknowns

New York (CNNMoney) - The nature of campaigning is to make promises. The nature of governing makes it hard to keep all those promises. And so do unforeseen events, like recessions.

That may be why even those who broadly favor the kind of tax reform that Mitt Romney is proposing - lower tax rates, fewer tax breaks - worry that his $5 trillion plan might not deliver all that he's promised.

Watch CNN's coverage of Tuesday's presidential debate starting at 7 p.m. ET on CNN TV, CNN.com and via CNN's apps for iPhone, iPad and Android. Web users can become video editors with a new clip-and-share feature that allows them to share favorite debate moments on Facebook and Twitter. Click here for 13 reasons to watch the debate only on CNN.

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Filed under: Mitt Romney • Taxes
Ryan talks taxes in weekly podcast
October 13th, 2012
07:38 PM ET
2 years ago

Ryan talks taxes in weekly podcast

(CNN) - Republican vice presidential candidate Paul Ryan delivered a weekly podcast Saturday, charging President Barack Obama with raising taxes and further burdening the middle class.

For their part, Ryan and GOP presidential nominee Mitt Romney "will start with a permanent, across-the-board, 20% cut in marginal tax rates," Ryan said in his remarks.
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Filed under: 2012 • Paul Ryan • Taxes
October 12th, 2012
07:58 AM ET
2 years ago

The facts behind Romney's $5 trillion tax plan

New York (CNNMoney) – Mitt Romney promises to pay for his $5 trillion in proposed tax cuts so they don't add to deficits - and would do so in large part by curbing tax breaks on the rich.

He also has promised not to raise taxes on the middle class.

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Filed under: 2012 • CNNMoney.com • Mitt Romney • Paul Ryan • Taxes
New Romney ad pushes back at Obama tax charge
October 7th, 2012
06:00 AM ET
2 years ago

New Romney ad pushes back at Obama tax charge

(CNN) – A new ad released by Mitt Romney's campaign Sunday pushes back against a claim President Barack Obama repeatedly leveled at Wednesday's presidential debate - a claim CNN's Fact Check found to be false.

"President Obama continues to distort Mitt Romney's economic plan," the narrator in the spot says.
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Filed under: 2012 • Debate • Mitt Romney • President Obama • Taxes
Romney's pledge: No tax cut for the rich
October 4th, 2012
01:41 PM ET
2 years ago

Romney's pledge: No tax cut for the rich

New York (CNNMoney) - The first debate between President Obama and Mitt Romney was a fire hose of fiscal issues that nonetheless left many questions unresolved.

Romney did try to answer one unequivocally: He said he will not cut taxes for the rich.

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Filed under: 2012 • Mitt Romney • Taxes
Romney suggests $17,000 cap on tax deductions
October 3rd, 2012
05:44 PM ET
2 years ago

Romney suggests $17,000 cap on tax deductions

(CNN) – Mitt Romney detailed with fresh specificity this week how he would pay for large tax cuts he's proposed for all Americans, though his campaign says the suggestions were merely options and not a firm look into what policies he would seek to enact as president.

In the interview with CNN affiliate KDVR on Monday, Romney began by offering the broad strokes of his tax plan that he's been touting for months: lowering rates for all Americans and limiting deductions for higher income tax payers.

Tune to CNN for Wednesday's presidential debate coverage starting at 7 p.m. ET on CNN TV, CNN.com and via CNN's apps for iPhone, iPad and Android. Web users can become video editors with a new clip-and-share feature that allows them to share favorite debate moments on Facebook and Twitter.

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Filed under: 2012 • Mitt Romney • Taxes
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