Tax Cut or Tax Hike? Understanding Obama's Plans

Nearly a month has passed since Americans scrambled to file their income tax returns, but now a new type of tax frenzy is on: the rush to understand President Obama's tax proposals for 2011. Experts say that the president is adhering to his promise not to raise taxes for American couples earning less than $250,000, but making good on that pledge has not come without complications. "The mechanics of this are kind of daunting," said Tom Ochsenschlager, the vice president of taxation for the...Full Story
Commenting on this article is closed.