Complete coverage on


Republican sources say they're in a Catch-22 situation on how to reply to Senate Majority Leader Harry Reid's claims that GOP presidential candidate Mitt Romney went 10 years without paying taxes.

Latest Stories

Rep. Van Hollen on the Bush-era tax cutsupdated: Wed Aug 01 2012 20:45:00

Rep. Chris Van Hollen (D-MD) says, the president's plan "would provide tax relief for 100% of the American people"

Obama blasts Romney tax plan in Ohioupdated: Wed Aug 01 2012 16:28:00

Bolstered by a new poll that shows him leading in Ohio and two other battleground states, President Barack Obama on Wednesday made his ninth campaign trip this year to the Buckeye State to attack Republican rival Mitt Romney's tax plan as unfair to middle-class Americans.

Why House tax vote is really about drawing battle lines for the fallupdated: Mon Jul 30 2012 08:20:00

Republicans and Democrats on Capitol Hill are gearing up for a vote this week on a House Republican bill to extend all the current tax cuts, but the debate is really aimed at the vote that comes less than 100 days from now.

Taxmageddon is headed our wayupdated: Wed Jul 25 2012 08:59:00

Taxmaggedon is coming. Unless President Obama and Congress act, Americans will be hit with what would be in total dollars the largest tax increase in history in little more than five months.

Why won't Romney release more tax returns?updated: Wed Jul 18 2012 12:50:00

By announcing that he will release no further tax returns beyond his 2010 and 2011 returns, Mitt Romney appears to have exempted himself from the proud bipartisan tradition of presidential nominees displaying genuine financial candor with the electorate.

End the Bush tax cuts and start overupdated: Thu Jul 12 2012 07:47:00

Earlier this week, President Barack Obama proposed to extend the Bush-era income tax cuts, which expire at the end of this year, for one year for people with income below $250,000. People with higher income would continue to receive all of the benefits of lower taxes on their first $250,000 of income, but the tax rate they face on income above that amount would rise.

Obama vows tax breaks for middle classupdated: Mon Jul 09 2012 16:20:00

President Obama calls for the renewal of Bush-era tax cuts for Americans who make under $250,000.

Thieves may be stealing your tax refundupdated: Tue May 08 2012 14:56:00

Tax refund fraud is rampant, and officials blame the IRS for not doing enough to stop it. CNN's Randi Kaye reports.

Identity thieves could rake in $26 billion in tax refundsupdated: Tue May 08 2012 14:56:00

Criminals who file fraudulent tax returns by stealing people's identities could rake in an estimated $26 billion over the next five years because the IRS cannot keep up with the amount of the fraud, Treasury Inspector General J. Russell George said Tuesday.

Why America needs a tax reformationupdated: Tue Apr 17 2012 09:12:00

Tuesday is tax day, and the only thing more frustrating than paying taxes is Washington's refusal to fix the tax code.

Let's kill the progressive tax rate systemupdated: Tue Apr 17 2012 07:43:00

Last week we learned that Barack and Michelle Obama's effective tax rate for 2011 was 20.5%. They had adjusted gross income of $789,674. We also learned that their tax rate was slightly lower than President Obama's secretary, who had about $95,000 of income.

Why tax reform talk a dead endupdated: Tue Apr 17 2012 00:39:00

It turns out that Richard Nixon was a hippie.

CNNMoney: Buffett Rule: Not ready for prime timeupdated: Mon Apr 16 2012 13:32:00

The Buffett Rule makes for great stump speeches in an election year. But as tax policy it leaves much to be desired.

Ai Weiwei posts tax bill onlineupdated: Fri Mar 30 2012 06:11:00

Dissident artist Ai Weiwei discusses the scrutiny he's under in Beijing and why he's posted his taxes online.

IRS policies help fuel tax refund fraud, officials sayupdated: Tue Mar 20 2012 09:08:00

Criminals across the country are raking in billions of dollars in tax refunds through a new and brazen form of fraud that takes advantage of the IRS's fast online returns, law enforcement officials say.

Money Magazine: 5 tricky tax challengesupdated: Sat Mar 03 2012 07:04:00

With the Bush tax cuts slated to expire at the end of this election year, consider this filing season the calm before the tax storm: You'll face few new rules, tax rates are the same as last year, and popular deductions are still in place.

CNNMoney: Wealthy would cash in under Romney tax planupdated: Thu Mar 01 2012 17:31:00

Mitt Romney's new tax plan would mean lower taxes for most Americans. But some would benefit more than others.

CNNMoney: New Romney tax cuts would cost $3.4 trillionupdated: Wed Feb 29 2012 19:25:00

Mitt Romney made two big changes to his tax plan last week, and according to a new analysis, they will be very expensive.

Romney throws his economic plan overboardupdated: Mon Feb 27 2012 09:10:00

Compare and contrast the economic plan Mitt Romney released in September with the speech he delivered Friday in Detroit.

Gov. Jan Brewer: Romney is the right manupdated: Mon Feb 27 2012 09:10:00

Arizona Gov. Jan Brewer explains why she is endorsing Mitt Romney as the GOP presidential candidate.

CNNMoney: The corporate tax mythupdated: Thu Feb 23 2012 13:37:00

U.S. corporations pay one of the highest tax rates in the world. There's little debate about that.

President: 'Congress listened to America'updated: Wed Feb 22 2012 22:39:00

During a speech at the Boeing facility in Washington, Pres. Obama commends Congress for extending the payroll tax cut.

Obama signs payroll tax agreement into lawupdated: Wed Feb 22 2012 22:39:00

President Barack Obama on Wednesday signed into law the agreement passed by Congress last week to extend the payroll tax cut and unemployment benefits while preventing a cut in payments to Medicare doctors.

CNNMoney: Obama: Slash corporate tax breaks and ratesupdated: Wed Feb 22 2012 14:51:00

After more than a year in the making, the Obama administration on Wednesday released its plan to overhaul the corporate tax code.

Obama's corporate tax plan explainedupdated: Wed Feb 22 2012 09:53:00

CNN's Christine Romans explains what's in President Obama's corporate tax plan.

Obama to offer corporate tax reform planupdated: Wed Feb 22 2012 09:53:00

The Treasury Department will unveil President Barack Obama's corporate tax reform plan Wednesday -- a framework that would reduce the overall rate paid by corporations, a senior administration official told CNN.

CNNMoney: Chris Christie to Warren Buffett: Just 'shut up'updated: Wed Feb 22 2012 09:41:00

Outspoken New Jersey Gov. Chris Christie had some rather harsh words for billionaire investor Warren Buffett on Tuesday.

Obama to offer corporate tax planupdated: Tue Feb 21 2012 19:37:00

The Treasury Department will unveil President Barack Obama's corporate tax reform plan on Wednesday, senior administration officials told CNN.

CNNMoney: Business tax breaks booted from payroll dealupdated: Fri Feb 17 2012 12:54:00

The last legislative freight train has left the station, and a set of expired business tax breaks that regularly get extended was left on the platform.

CNNMoney: Election 2012: How the candidates' tax plans stack upupdated: Fri Feb 17 2012 05:25:00

Pretty much everyone in Washington agrees that the tax code is complicated, inefficient and -- in general -- a major drag.

Boehner defends payroll tax dealupdated: Wed Feb 15 2012 17:52:00

House Speaker John Boehner says a payroll tax agreement with Democrats was the only way to prevent a tax hike.

CNNMoney: Obama budget: Tax plans aim at richupdated: Mon Feb 13 2012 13:58:00

Raise taxes on those making more than $250,000. Limit deductions for the wealthy. Make an expanded college tax credit permanent.

CNNMoney: Obama unveils $3.8 trillion budgetupdated: Mon Feb 13 2012 13:37:00

President Obama unveiled a $3.8 trillion budget request Monday that hikes taxes on the rich, spends new money on infrastructure and education, but does little to reform the entitlement programs that pose the biggest long-term threat to the federal budget.

President Obama unveils $3.8 trillion budgetupdated: Mon Feb 13 2012 13:19:00

President Obama unveiled a $3.8 trillion budget request Monday that hikes taxes on the rich, spends new money on infrastructure and education, but does little to reform the entitlement programs that pose the biggest long-term threat to the federal budget.

Political clashes coming over budget, payroll tax cutupdated: Sun Feb 12 2012 12:34:00

President Barack Obama's new chief of staff on Sunday stopped short of predicting Congress would agree to extend the payroll tax cut for the rest of 2012.

CNNMoney: Obama budget: $901 billion deficit in 2013updated: Fri Feb 10 2012 19:01:00

President Obama will propose a budget on Monday that forecasts a $901 billion deficit in 2013, and includes plans to make targeted investments in areas like infrastructure while hiking taxes on the rich.

CNNMoney: Facebook's Zuckerberg may face $2 billion tax billupdated: Tue Feb 07 2012 17:59:00

Facebook's upcoming IPO will make founder and CEO Mark Zuckerberg a billionaire -- but it will also stick him with an eye-popping tax bill that could reach as high as $2 billion.

CNNMoney: Obama's tax recordupdated: Mon Jan 30 2012 11:39:00

Republicans portray President Obama as the tax-hiker-in-chief.

CNNMoney: The lessons of Mitt Romney's tax returnsupdated: Thu Jan 26 2012 08:27:00

Joseph J. Thorndike is a contributing editor at Tax Analysts and a columnist for Tax Notes Today, where a longer version of this article first appeared. He is also director of the Tax History Project at Tax Analysts, which includes an archive of presidential tax returns. The opinions expressed in this commentary are solely his own.

Obama pushes campaign themes in Arizona and Iowaupdated: Thu Jan 26 2012 05:26:00

President Barack Obama on Wednesday launched a three-day visit to five battleground states in the November election by pressing State of the Union themes of core American values and having the wealthy pay more taxes.

CNNMoney: Obama focuses State of the Union on income inequalityupdated: Tue Jan 24 2012 22:37:00

President Obama delivered a State of the Union address Tuesday that was deeply saturated with the message of income inequality, a populist idea that the White House hopes will resonate on the campaign trail.

Romney's returns show progressive taxes are dead for the superrichupdated: Tue Jan 24 2012 17:05:00

For a century, the bedrock principle of our tax code has been progressivity: The rich pay a larger share of income than the middle class and poor. Yet Mitt Romney's revelation that he paid 14% in federal income taxes on more than $40 million in income in 2010 and 2011 reveals an increasingly open secret: Progressivity is dead for the superrich.

CNNMoney: Romney vs. Gingrich on the economyupdated: Mon Jan 23 2012 17:03:00

Newt Gingrich is the latest Republican candidate to challenge the conventional wisdom that Mitt Romney is destined to capture his party's nomination.

Romney surprisingly ill-prepared on tax issueupdated: Fri Jan 20 2012 10:12:00

One of the lessons of modern American presidential history is that there is nothing more devastating than turning a candidate's supposed strength into a weakness. Karl Rove masterfully made John Kerry's distinguished military service a liability through a series of Swift Boat attacks in the 2004 campaign.

Romney: I'll release my returns in Aprilupdated: Fri Jan 20 2012 10:12:00

Mitt Romney says he pays full taxes and he's honest in his dealings; Gingrich and Santorum respond, talk about their taxes.

CNNMoney: Is Romney's effective tax rate lower than yours?updated: Thu Jan 19 2012 11:00:00

So Mitt Romney thinks his effective tax rate is about 15%.

Truth Squad: Romney tax-return pause consistent with recent GOP nominees?updated: Tue Jan 17 2012 03:16:00

During Monday's Republican presidential debate, former Massachusetts Gov. Mitt Romney said he probably would release a tax return in April -- though he declined to commit -- asserting that recent GOP nominees waited until tax season in election years.

CNNMoney: Average tax refund slips to $2,913 in 2011updated: Tue Jan 10 2012 12:27:00

The IRS not only doled out fewer tax refunds last year, but it also cut smaller checks with the average refund slipping by nearly $100.

CNNMoney: GOP tax plans: What would Buffett pay?updated: Tue Jan 10 2012 10:13:00

How would millionaire and billionaire investors like Warren Buffett fare under the GOP presidential hopefuls' tax plans?

CNNMoney: Mitt Romney's 'timid' tax planupdated: Thu Jan 05 2012 16:41:00

If Republican primary voters are inclined to reward candidates who have big, bold, game-changing plans for the tax code, Mitt Romney might be in trouble.

CNNMoney: Rick Santorum's tax planupdated: Thu Jan 05 2012 09:29:00

Presidential candidate Rick Santorum's proposals to change taxes haven't drawn much attention yet. But that is likely to change now that his standing in the Republican field has risen.

CNNMoney: Bush tax cuts, stock market widen income gapupdated: Wed Jan 04 2012 12:43:00

The rich have gotten richer, thanks to the stock market and the Bush tax cuts, a recent report has found.

CNNMoney: Same-sex spouses lose big on taxesupdated: Sat Dec 31 2011 07:54:00

Same-sex spouses are paying as much as $6,000 a year in extra taxes because the federal government doesn't recognize gay marriage, according to an analysis conducted for CNNMoney by tax specialists.

CNNMoney: Methodology: Same-sex spouses lose big on taxesupdated: Mon Dec 26 2011 19:32:00

CNNMoney asked tax preparer H&R Block to run a variety of scenarios comparing tax liabilities of same-sex and opposite-sex families for our story about gay marriage and taxes. Here's how H&R Block's Tax Institute did the math.

CNNMoney: White House: Congress inaction threatens economyupdated: Wed Dec 21 2011 13:09:00

A top White House economic adviser said on Wednesday that congressional deadlock on extending payroll tax cuts and unemployment insurance benefits could threaten the U.S. economy.

CNNMoney: Payroll tax deadlock could hobble economyupdated: Wed Dec 21 2011 11:37:00

If Congress fails to pass an extension of the payroll tax holiday, it would put a serious dent into economic growth in 2012 and could even help tip the U.S. back into a recession, according to economists.

Money Magazine: Retirement planning while still in your 20supdated: Tue Dec 20 2011 05:56:00

My fiancé and I are in our late 20s and we contribute to our 401(k) plans. But we'd like to supplement our retirement savings by making additional small contributions (maybe $100 a month) over time. We wouldn't touch this money except in an absolute emergency. Any suggestions? -- M. Barber

CNNMoney: Congress = Uncertainty Inc.updated: Mon Dec 19 2011 21:26:00

House Republicans say the two-month payroll tax cut extension passed overwhelmingly by the Senate would inject uncertainty into the economy.

CNNMoney: Newt Gingrich's 'mind boggling' tax planupdated: Tue Dec 13 2011 18:32:00

Every Republican presidential hopeful has a plan to cut taxes.

White House challenges Republican payroll tax planupdated: Mon Dec 12 2011 21:54:00

Republicans demanding specific ideological provisions as part of a deal to extend the payroll tax cut appear to be going against their party's anti-tax orthodoxy, White House spokesman Jay Carney said Monday.

Obama urges payroll tax cut extensionupdated: Mon Dec 12 2011 21:54:00

President Obama calls on Congress to do what's right for the American people by extending the payroll tax cut.

House Republicans to offer payroll tax planupdated: Thu Dec 08 2011 18:35:00

Setting up a showdown with the White House and Senate Democrats, House Republican leaders Thursday proceeded with plans to vote next week on a proposal to extend the payroll tax cut and unemployment benefits while easing the path for approval of the Keystone XL oil pipeline.

A bipartisan payroll tax plan?updated: Thu Dec 08 2011 18:35:00

Senators Collins and McCaskill propose bipartisan payroll tax cut plan

Why we should consider a per-mile road taxupdated: Thu Dec 08 2011 07:52:00

Based on recent history and what's likely to happen to the nation's infrastructure, it's an inescapable conclusion: We will need new and different sources of funding if we are to have the type of transportation system that is needed to support economic prosperity.

Impasse over payroll tax cut continuesupdated: Wed Dec 07 2011 19:18:00

All kinds of ideas are flying around Capitol Hill about how to extend the payroll tax cut set to expire at the end of the year, but a long-standing battle over tax increases and divisions among congressional Republicans have prevented any from gaining traction so far.

Five myths about your gasoline taxesupdated: Wed Dec 07 2011 08:13:00

A perpetual deadlock in Congress has resulted in eight extensions of the national transportation bill, causing roads to crumble, bridges to fall, and transit to break down.

Will pay-per-mile be a buzzkill for American road trips?updated: Wed Dec 07 2011 08:10:00

Remember your first road trip? That sweet taste of independence as you were finally unleashed on America's free and open highways?

CNNMoney: Billionaires with 1% tax ratesupdated: Wed Dec 07 2011 05:13:00

In case you haven't heard, President Obama wants the wealthiest to pay more in taxes.

Congress should act on payroll tax cutsupdated: Mon Dec 05 2011 16:27:00

President Obama urged Congress to act on the payroll tax cut before the Christmas recess.

Democrats offer payroll tax cut compromiseupdated: Mon Dec 05 2011 16:27:00

Senate Democrats on Monday offered a new proposal to extend the payroll tax cut before it expires at the end of the year, and President Barack Obama quickly urged Congress to help middle-class Americans by passing it.

CNNMoney: Amazon and eBay brawl over Web sales taxupdated: Fri Dec 02 2011 18:03:00

Amazon and eBay had it out in a public brawl in Washington on Wednesday during a congressional hearing about allowing states to collect sales tax on Internet purchases.

Senate blocks payroll tax dealupdated: Fri Dec 02 2011 13:31:00

The Senate blocked competing Democratic and Republican proposals for a payroll tax cut extension.

Republican leaders shifting stance on payroll tax cutupdated: Fri Dec 02 2011 13:31:00

A top Republican leader agreed Thursday with President Barack Obama and Democrats that extending the payroll tax cut would help the economy, but the parties remained divided over how to pay for the move.

CNNMoney: Payroll tax cut: What's at stakeupdated: Fri Dec 02 2011 10:04:00

Come January, will 160 million American workers owe a) more than; b) less than; c) the same as they've been paying in payroll taxes this year?

End welfare for the wealthyupdated: Thu Dec 01 2011 14:10:00

The debate in Congress this week about whether to pay for extending the payroll tax cut by imposing a new tax on millionaires will have nothing to do with solving our nation's economic challenges and everything to do with election-year politics. Senate Democratic leaders have already signaled they will use the debate as a purely partisan exercise designed to embarrass Republicans into opposing tax cuts for the poor while defending tax cuts for the rich.

Obama challenges Republicans on payroll tax cutupdated: Thu Dec 01 2011 05:27:00

President Barack Obama on Wednesday challenged Republicans to "fight as hard for middle-class families as you do for those who are more fortunate," telling a Pennsylvania crowd to push Congress to extend the payroll tax cut enacted a year ago.

CNNMoney: Newt's plan for the economyupdated: Tue Nov 29 2011 18:10:00

When Newt Gingrich first released his economic plan, Donald Trump was still considering a 2012 bid and NASA had a space shuttle program.

CNNMoney: Bush tax cuts: The real endgameupdated: Mon Nov 28 2011 05:45:00

Congress has a way of waiting to the very last minute to resolve big issues, so December is usually a busy month on Capitol Hill. This year will be no exception. But next year? Next year will be no exception on steroids.

Legislators squabble over extending the payroll tax cutupdated: Sun Nov 27 2011 12:06:00

Senate Democrats this week will propose extending the payroll tax cut and imposing a surtax on people earning more than $1 million to pay for it, Sen. Charles Schumer of New York said Sunday.

CNNMoney: Enough already about the Bush tax cutsupdated: Wed Nov 23 2011 05:36:00

No one ever said tax reform would be easy. But the failure of the super committee points up just how hard it will be in the next year.

Clock ticks down on super committeeupdated: Fri Nov 18 2011 19:56:00

Members of Congress's so-called super committee huddled in small groups behind closed doors on Capitol Hill on Friday, battling growing pessimism over their seeming inability to meet a now-imminent deadline for a bipartisan deficit reduction deal.

Supercommittee Deadline Nearsupdated: Thu Nov 17 2011 05:41:00

Brooke Baldwin talks to Bob Cusack of "The Hill" about the supercommittee's deadline for a plan to cut $1.2 trillion

Deficit talks shift toward blame gameupdated: Thu Nov 17 2011 05:41:00

A week before their deadline, Democrats and Republicans on a special joint deficit committee blamed each other for a failure to compromise on how to reform the tax code and entitlement programs such as Medicare and Social Security.

CNNMoney: Millionaires ask Congress to raise their taxesupdated: Wed Nov 16 2011 17:36:00

A group of two dozen millionaires stormed Capitol Hill on Wednesday, demanding lawmakers raise their taxes.

Super committee: 9 days to deadline and no deal imminentupdated: Mon Nov 14 2011 18:57:00

They have been meeting for two months, poring over concepts and ideas already hashed out by three other groups over the past year.

CNNMoney: What Republicans mean by 'revenue'updated: Tue Nov 08 2011 05:00:00

It's been a big bone of contention from Day 1 on the congressional debt committee. Will Republicans accept any kind of revenue dedicated to debt reduction, and if so what kind and how much?

CNNMoney: GOP and taxes: Mixed messageupdated: Fri Nov 04 2011 17:57:00

Republicans on Capitol Hill gave conflicting messages to the debt committee this week.

CNNMoney: Many companies pay no income taxes, study findsupdated: Thu Nov 03 2011 15:11:00

The corporate tax rate is 35%. But an examination of 280 of the nation's largest corporations suggests that many aren't paying anything close to that.

Tax evasion is a national pastime afflicting southern Europeupdated: Thu Nov 03 2011 11:20:00

"Wherever the olive tree grows, you won't find much tax being collected," the mayor of a small town in southern Spain told me a few years ago. He shrugged; such was life.

History of the euroupdated: Thu Nov 03 2011 11:20:00

CNN's Max Foster takes a look at the history of the euro and the controversy surrounding it.

CNNMoney: Perry's flat tax plan: The rich make outupdated: Mon Oct 31 2011 21:50:00

No matter how you slice it, the richest Americans would do better under Rick Perry's tax proposals, but the picture is more of a mixed bag for those on the lower rungs, according to an analysis released Monday by a nonpartisan tax research group.

CNNMoney: Perry's flat tax: Why it's a bad ideaupdated: Fri Oct 28 2011 10:24:00

Howard Gleckman is a resident fellow at the Urban Institute and editor of TaxVox, the blog of the nonpartisan research organization Tax Policy Center. The opinions expressed in this commentary are solely those of the writer.

EBOF: Rick Perry's Flat Taxupdated: Thu Oct 27 2011 14:43:00

CNN's Erin Burnett talks to David Malpass, economic adviser to Rick Perry, about the governor's new flat tax proposal.

Greece faces stormy waters in its bid to cut tax evasionupdated: Thu Oct 27 2011 09:14:00

The Greek government says it seized 555 yachts last year in a clamp-down on tax evasion.

CNNMoney: Perry's simple tax plan not so simpleupdated: Tue Oct 25 2011 18:10:00

Rick Perry has said he wants to scrap the tax code and make taxes simpler.

Obama campaign: Romney, Perry tax plans help wealthy, hurt those who workupdated: Tue Oct 25 2011 06:23:00

A new Obama campaign memo slams Texas Gov. Rick Perry's and former Massachusetts Gov. Mitt Romney's tax proposals, leveling a charge that's now a campaign theme: the rich will benefit at the expense of the middle class if a Republican claims the White House in 2012.

Herman Cain: It's 9-0-9 for the poorupdated: Tue Oct 25 2011 06:23:00

GOP presidential hopeful Herman Cain changes the math on his 9-9-9 tax plan. CNN's Joe Johns reports.

We recommend