FROM Richard Rubin
Tax Day - Who Pays What? Yes, it’s April 15th … tax day! Are the rich paying more or less than their fair share? Now there’s a new report by Congress’ Joint Committee on Taxation. It takes a broad look at ALL the taxes we pay -- not just federal income tax -- to see what Americans’ true tax load really looks like.
E-filing Technology Increasing Tax Return Fraud With April 15 looming, tax-filing software makes paying the US Treasury more convenient — but it's also created a new industry for financial fraud. The IRS says it distributed $5.2 billion in fake tax refunds in 2013 alone. Richard Rubin reports on tax policy for Bloomberg News .
Obama Unveils Trillion Dollar Budget President Obama today unveiled a $4 trillion budget that lifts caps on defense spending and expands services for the middle class. It’s designed to challenge the Republican majorities in Congress. Richard Rubin covers taxes and budgets for Bloomberg News.
Can Corporations Be Patriots? Congress adjourned for the summer with tax reform still caught in political gridlock. Since then, President Obama has seized on a tax proposal once buried in his budget to attack a practice multi-national companies use to avoid paying taxes in the US; it’s called “corporate inversion.”
Bailout Bill Goes to the White House Congress reconsidered what's now called the "economic rescue" plan amid dismal news about employment and California's need for a big federal loan. Today the bailout passed by 263 to 171. Saying that passage of the bill won't get us out of the recession, Republican leader John Boehner admitted that "it'll be a whole lot rougher ride if we don't pass this bill." Democrat Nancy Pelosi, the House Speaker, acknowledged that in "my own state of California, officials -- including the governor -- are urgently calling for federal legislation to avoid economic catastrophe." Will the bill resolve the credit crisis? Will taxpayers make money on a $700 billion investment? We ask those questions today.
The flight bumping heard around 'round the world Recent video of a passenger forcibly removed from a United Airlines plane is a worst-case example of what's happened since consolidation into just four US-based carriers. Management seems to be tone-deaf to a decline in service — and even abuse — of passengers.
Border security and campaign promises President Trump has promised tightened borders and a big beautiful wall. Guest host Barbara Bogaev looks at two tent-poles of the President's immigration policy: extreme vetting of visa applicants and building the US-Mexico border wall.
The US gets deeper into Middle East wars. What's the endgame? President Trump welcomed Egypt's President Abdul Fattah al-Sisi to the White House today… just one of the changes in America's approach to the Middle East since Barack Obama left office. We hear about that and the escalation of warfare as well as civilian casualties.