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tax increase News

tax increase News From AOL News

Illinois Passes 66 Percent Tax Increase; Twitter Responds

By Mary Phillips-SandyJan 12th 2011 – 3:17PM

In a drastic move to cope with their state's $15 billion budget crisis, Illinois lawmakers have approved a bill that will temporarily raise the income tax rate by 66 percent. Gov. Pat Quinn, a Democrat, has said he supports the bill and will sign it soon. Under the new measure, Illinois' personal tax rate will climb from...

Opinion: Red Ink Rising

Dec 14th 2009 – 7:00AM
Timothy A. Clary, AFP / Getty Images

Timothy A. Clary, AFP / Getty Images

(Dec. 14) -- While many U.S. households are struggling with their own personal debt, citizens face an even larger – although less visible – threat from the mounting U.S. government debt. True, they don't receive a monthly mortgage statement or credit card bill for their share, but the effects will slowly chip...

tax increase News From AOL

THE HUFFINGTON POST - LOCAL

Jerry Brown Cuts A Compromise

By carly@huffingtonpost.com(Carly Schwartz) Mar 19th 2012 - 06:25PM

If there's one thing Governor Jerry Brown has learned during his five decades in the business, it's how to make a deal.

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Paul Ryan, Herman Cain Push For Tax Increases On Middle Class

By The Huffington Post News Editors Sep 18th 2011 - 10:28AM

Rep. Paul Ryan (R-Wis.) said on Sunday that House Republicans would oppose President Barack Obama's payroll tax cuts for both employers and employees, arguing that the policy had already failed to provide a sufficient boost to the economy.

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Grover Norquist: Ending Bush Tax Cuts Not A Tax Hike

By Elise Foley Jul 21st 2011 - 11:06AM

Ending the Bush-era tax cuts for the wealthy would not be a tax hike, according to Grover Norquist, the man behind a pledge against increasing taxes.

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Gary Hart: Question: When Is a "Tax Increase" Not a Tax Increase?

By Gary Hart Apr 18th 2011 - 11:26AM

When a tax resumes its original level as required by law.

Background on tax increase

The Tax Increase Prevention and Reconciliation Act of 2005 (or TIPRA, , ) is an American law, which was enacted on May 17, 2006.

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