Obama On Tax For Wealthy

• In 'fiscal cliff' bill, White House was key to corporate tax breaks

  As the U.S. Congress rushed last week to approve a "fiscal cliff" tax bill that raised income taxes on the wealthy, Washington lobbyists were fretting over a drama that was playing out within the negotiations: whether the bill would include about $64 billion in tax breaks for businesses.

• In 'fiscal cliff' bill, White House was key to corporate tax breaks

  As the US Congress rushed last week to approve a "fiscal cliff" tax bill that raised income taxes on the wealthy, Washington lobbyists were fretting over a drama that was playing out within the negotiations: whether the bill would include about $64 billion in tax breaks for businesses.

• Tentative deal on raising taxes on wealthy

  Furious last-minute negotiations between the White House and the Senate Republican leadership Monday secured a tentative agreement to allow tax rates to rise on affluent Americans, but the measure was not going to pass in time for Congress to meet its Dec. 31 deadline for averting automatic tax increases and spending cuts deemed a threat to the eco...

• Hopes rise for 'fiscal cliff' deal as Obama, Boehner meet

  The differences over how to resolve the "fiscal cliff" narrowed significantly Monday night as President Barack Obama made a counter-offer to Republicans that included a major change in position on tax hikes for the wealthy, according to a source familiar with the talks.

• Dow drops 185 points as impasse over budget deficit looms

  Investors drew little hope Wednesday for a quick compromise in U.S. budget talks after President Barack Obama insisted that higher taxes on wealthy Americans would have to be part of any deal.

• Obama pushes for higher taxes on the wealthy

  Intensifying his populist pitch, US President Barack Obama has made an aggressive case for imposing more taxes on the rich and criticised those opposing his 'Buffet Rule'.

• 'Buffett rule’ to yield only $47 bn over 10 years, finds US Congress tax body

  A bill designed to enact President Barack Obama's plan for a "Buffett rule" tax on the wealthy would rake in just $47 billion over the next 11 years.