Obama pays lower tax rate than his secretary
New York (CNNMoney) - Move over Warren Buffett.
The White House said Friday that President Obama has a lower effective tax rate than his secretary.
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Gingrich think tank files for bankruptcy
NEW YORK (CNNMoney) - The health care think tank founded by Newt Gingrich is going under.
The Gingrich Group, also called the Center for Health Transformation, filed for Chapter 7 bankruptcy protection Wednesday in an Atlanta federal court.
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Mitt Romney's new general election message
NEW YORK (CNNMoney) - After hammering Republican rivals for months, Mitt Romney is gearing up for the main event and turning his full attention to President Obama.
The two camps are now openly trading broadsides - and the first salvos are over the economy, a topic likely to be at the fore of political discourse until Election Day.
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Obama and Biden sharpen attacks over economy
New York (CNNMoney) - The Obama re-election campaign has recently started drawing battle lines around what is likely to be the most talked about issue until Nov. 6: the economy.
The campaign has dispatched Joe Biden to talk autos in Ohio, Social Security and Medicare in Florida and manufacturing in Iowa - three touchstone issues in three swing states.
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Wealthy would cash in under Romney tax plan
New York (CNNMoney) - Mitt Romney's new tax plan would mean lower taxes for most Americans. But some would benefit more than others.
According to a new analysis from the Tax Policy Center, wealthy Americans would see their taxes fall precipitously under Mitt Romney's new plan - which scraps the Alternative Minimum Tax and cuts marginal tax rates by 20%.
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New Romney tax cuts would cost $3.4 trillion
New York (CNNMoney) - Mitt Romney made two big changes to his tax plan last week, and according to a new analysis, they will be very expensive.
Like $3.4 trillion expensive.
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How Congress is killing the recovery
New York (CNNMoney) - Since the economy dropped off a cliff in 2008, members of Congress have not exactly been shy about casting blame for no-or-slow growth on a variety of bureaucrats, outside institutions and Wall Street power players.
But if lawmakers are looking for an explanation as to why the recession lasted so long, they should look no further than their own actions.
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Mitt Romney's plan to cut your taxes
New York (CNNMoney) - In a switch to a more aggressive tax plan, Mitt Romney said Wednesday that he now favors cutting marginal tax rates for individuals by 20%.
The candidate had previously said he would "maintain current tax rates on personal income" as president before moving to a "fairer, flatter, simpler tax structure" in the future.
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PayPal co-founder donates millions to Ron Paul super PAC
New York (CNNMoney) - Silicon Valley renaissance man Peter Thiel donated another $1.7 million in January to a super PAC that backs Ron Paul, according to disclosure documents filed Monday.
The PayPal co-founder donated $1 million on January 3, and followed that up 10 days later with an additional $700,000 gift.
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Santorum's charitable donations lag rivals
New York (CNNMoney) - White House hopeful Rick Santorum lags behind both his 2012 competitors and wealthy Americans in general when it comes to charitable giving, according to tax documents.
Santorum gave $81,500 to charity over the past four years, or 2.2% of the more than $3.6 million in total income he earned since leaving the Senate, the documents showed.
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From CNN Politics
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