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.FULL STORY
New York (CNNMoney) – Remember the fiscal cliff?
It's the largest and most immediate domestic problem the next president will face. Yet it was barely mentioned during four presidential and vice presidential debates, and the candidates have said little about how they would address it.FULL STORY
NEW YORK (CNNMoney) - The looming spending cuts at the Pentagon played a starring role in Monday night's foreign policy debate.
Mitt Romney said several times he would "not cut our military budget by $1 trillion."FULL STORY
New York (CNNMoney) - The national debt is not on the official agenda for Monday's presidential debate on foreign policy.
But it may as well as be. A chorus of former military leaders, current administration officials and fiscal hawks have all labeled the country's debt a threat to national security.FULL STORY
New York (CNNMoney) - Mitt Romney has been saying that under his tax plan, high-income households would continue to pay the same share of taxes as they pay today.
During Tuesday night's town hall debate with President Obama, he got more specific.FULL STORY
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.FULL STORY
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.FULL STORY
New York (CNNMoney) – For all that divides President Obama and Mitt Romney, both candidates swear they'll protect the middle class from higher taxes.
But that's a promise that will be hard to keep given their other stated aims - to reduce deficits, reform entitlement programs and make what they call critical investments.FULL STORY
New York (CNNMoney) – It's one of the biggest decisions facing Congress: what to do about the fiscal cliff - the $7 trillion worth of tax increases and spending cuts that start taking effect next year.
Two major sticking points: whether to extend some or all of the Bush tax cuts and and how to replace the nearly $1 trillion in spending cuts.FULL STORY