President Obama on Tuesday night tapped Vice President Joseph Biden to lead “a tough, unprecedented oversight effort” to make sure the public’s money is not wasted in any of the administration’s multi-billion dollar reform and economic plans.
Fifty-one percent (51%) of U.S. voters say President Obama’s plan to raise taxes on those who earn more than $250,000 a year would be good for the economy, according to a new Rasmussen Reports national telephone survey.
Americans tend to believe they pay a higher share of their income in taxes than people in other income brackets.
One-out-of-three Americans (33%) already have filed their income taxes at this point, even though they're not due until April 15. This number is down 10 points from the beginning of March 2008, a reflection perhaps of the difficult economic times.
Transportation Secretary Ray LaHood on Thursday proposed that motorists be taxed on how many miles they drive to help pay for fixing and building roads and bridges, but President Obama quickly knocked the idea down.
An audit by the Internal Revenue Service has long been the nightmare scenario for most taxpayers. But in 2009, after bailouts and stimulus plans totaling trillions of dollars, there’s a bigger concern: a fear the government will run out of money before issuing taxpayer refunds.
