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Americans frustrated by congressional stalemates
As Americans watch yet another political drama play out on Capitol Hill — this time over whether to extend the payroll tax cut and jobless benefits — they have a question for Congress: Can't you all just get along? For once?"It's like, 'Kids, kids, kids,'" said Brenda Bissett, a lawyer from Santa Clarita, Calif., as she waited for coffee Wednesday at a Starbuck's in downtown Los Angeles.

Obama wants payroll tax extended for entire year

President Barack Obama, rebuffed by Congress on a yearlong extension of a Social Security payroll tax cut, said Saturday that it would be "inexcusable'" for lawmakers not to lengthen the

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Bush tax cut debate dooms deal to cut deficit

A long-running war between Democrats and Republicans over Bush-era tax cuts doomed the chances of the deficit-reduction supercommittee reaching a deal. Efforts to overhaul the tax code may await

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Tax cuts could set off India wine boom

Cash-rich emerging Asian markets, especially India, could see an explosion in wine consumption in the future -- if their government scraps import taxes altogether, the way Hong Kong did in 2008,

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Obama mulls tax cuts beyond republican plans

US President Barack Obama may press Congress for tax cuts that would exceed his past proposals as well as some of the offerings from House Republicans to strengthen his hand in talks on measures to

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Data looking dire

US economy: It’s starting to feel like stagflation in America. Gross domestic product rose just 1.8 per cent in the first quarter, despite the injection of additional fiscal

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