President Barack Obama's proposal to limit the tax deductibility of charitable contributions would effectively transfer more than $7 billion a year from the nation's charitable institutions to the federal government. But the high-income taxpayers affected by the rule change are likely to cut their charitable giving by as much as the increase in their tax bills, which would, ironically, leave their remaining income and personal consumption unchanged. ...more

March 29, 2009

President Obama's proposal to limit the tax deductibility of charitable contributions would effectively transfer more than $7 billion a year from the nation's charitable institutions to the federal government. But the high-income taxpayers affected by the rule change are likely to cut their charitable giving by as much as the increase in their tax bills, which would, ironically, leave their remaining income and personal consumption unchanged. ...more

March 29, 2009

Removing the glut of foreclosed, abandoned and unsellable homes from the market is key in reinvigorating the local economy, business and economic development committee members said Tuesday. ...more

March 19, 2009

There was a time when house calls were common. Don Frederick of Sun City Center, a tax counselor with AARP's Tax Aide program, said homebound senior citizens are tickled to death he offers just such a service. ...more

February 25, 2009

Moving with lightning speed, key lawmakers announced agreement today on a $789 billion economic stimulus measure designed to create millions of jobs in a nation reeling from recession. President Barack Obama could sign the bill within days. ...more

February 11, 2009

Moving with lightning speed, key lawmakers announced agreement today on a $789 billion economic stimulus measure designed to create millions of jobs in a nation reeling from recession. President Barack Obama could sign the bill within days. ...more

February 11, 2009

Obama promotes a recovery plan that would feature spending on roads and infrastructure, schools, and green technology. ...more

December 18, 2008

Eager to calm economic anxieties, President-elect Barack Obama is rolling out an economic vision that will require congressional cooperation even before he settles into his new desk in the White House's Oval Office. ...more

November 24, 2008

Millions of taxpayers, thousands of businesses, and groups as diverse as solar power developers and natural disaster victims will see tax relief with the House vote Friday to approve and send to the president a $700 billion bailout. ...more

October 4, 2008

Reports of rising inflation and weak gains in wages kept the paycheck struggles of Americans at the center of the presidential campaign Friday. ...more

June 14, 2008