Senate passes bill allowing states to tax online sales

(Photo: Lenny Ignelzi / AP)

The Senate sided with traditional retailers and financially strapped state and local governments Monday by passing a bill that would widely subject online shopping — for many a largely tax-free frontier — to state sales taxes.

Read the complete story.

Obama sees signs GOP might relent on tax hikes for wealthy

(Photo: Charles Dharapak / AP)

President Barack Obama on Wednesday suggested that some Republicans had begun to soften their opposition to increased tax rates on the wealthiest Americans, but sharply warned the GOP against looking to tie their budget fight to an upcoming debate over whether to increase the debt ceiling.

Obama cuts campaign-style video on raising taxes for top 2 percent


In a new 2-minute Web video, President Obama is reminding people of exactly what he campaigned for during the election: higher taxes on those making $250,000 or more a year.

Obama claims mandate on taxes

(Photo: Mandel Ngan / AFP - Getty Images)

President Barack Obama claimed a broad mandate for his vision on taxes at his first news conference since being re-elected, demanding that his negotiations with Congress yield a specific plan that results in a higher tax burden for the wealthiest Americans.

Read the complete story.

Obama sticks to guns on tax increase for wealthiest Americans

(Photo: Nicholas Kamm / AFP - Getty Images)

His hand strengthened by Tuesday’s re-election, President Barack Obama on Friday invited congressional leaders of both parties to the White House next week for talks on how to avoid the so-called fiscal cliff, but reiterated his insistence that the wealthiest Americans must pay higher taxes as part of a “balanced” deficit-reduction plan.

Obama says more to be done on jobs, as Romney decries ‘suffering’

(Photo: Pablo Martinez Monsivais / AP)

There are still to many Americans still looking for work, President Barack Obama said Friday in reaction to July’s jobs numbers, renewing his demand that Congress extend expiring tax cuts for most U.S. households.

Presumptive Republican nominee Mitt Romney, speaking at the same time in the swing state of Nevada, highlighted a report showing the economy added 163,000 jobs in July as an indictment of the president’s economic policies.

Read the complete story.

Obama calls for extending most tax cuts, setting up election year fight

President Barack Obama urged Congress on Monday to extend expiring tax cuts for most American households, injecting the issue of tax fairness into the 2012 campaign.

The president, speaking early this afternoon at the White House, again voiced support for allow tax cuts for households earning over $250,000 per year to expire at the end of 2012, while also preserving existing rates for households earning less than that.

Read the complete story.