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Recent White House study on taxes shows the wealthy pay a lower rate than everybody else

When ProPublica compared the richest Americans’ wealth gains to the taxes they paid, we found a system that benefits billionaires. White House economists recently used a similar method to calculate tax rates, revealing stark inequality. ... Read more»

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Despite COVID-19 crime wave predictions, cops report mostly quiet in Southern Az

Despite recent protests across the nation and state over "stay at home" orders, law enforcement officials in Southern Arizona say they have found little need to enforce COVID-19 pandemic-related restrictions.... Read more»

Think again

Tax cuts: The faith and the facts

If there’s one thing that unites conservative politicians, it’s the economic value to all of society of tax cuts that disproportionately benefit the wealthy. While the arguments in favor of tax cuts for the wealthy have been known to change over time, the bottom line never does.... Read more»

Media General sells 63 newspapers to Buffett firm

Media General has sold 63 newspapers to Warren Buffett's Berkshire Hathaway for $142 million in cash.... Read more»

Press criticism

'Taxmageddon'? No, just a reprise of giving in to hostage-takers

Despite a Times story that features the potential impact on the middle class — look, we’re all in this together — it is entirely clear that no one is looking to raise taxes on the middle class. What is at issue, just as it was in 2010, is whether the era of enormous tax cuts for the wealthy will continue.... Read more»

Tax Day sets timing for fight over Buffett rule

With the deadline looming for Americans to file their income taxes, Democrats and Republicans in Congress have scheduled votes this week on their competing tax plans.... Read more»

FactCheck

Obama and the ‘Buffett Rule’

In their zeal to pass the "Buffett Rule," Obama and Biden leave the false impression that millionaires pay lower taxes than the middle class.... Read more»

Carlos Slim again tops Forbes billionaires list

Mexican tycoon Carlos Slim has again topped Forbes magazine's annual list of the world's billionaires. ... Read more»

'11's top 11

It was a big year, defined by the largest protest movement the Arab World has ever seen and shifting geopolitics around the euro-zone crisis. Global Post chooses its 11 people and things that rocked 2011.... Read more»

Warren Buffett buys hometown paper

Warren Buffett’s Berkshire Hathaway Inc. announced Wednesday that it is buying the Omaha World-Herald Co., which owns the local paper in Buffer's hometown.... Read more»

Factcheck: She's no 'Buffett's secretary'

A liberal group’s TV spot features a working mother who says she’s like “Warren Buffett’s secretary” and pays lower tax rates than “many billionaires and millionaires.” Not quite. ... Read more»

Warren Buffett OK with Obama's 'Buffett Rule'

Warren Buffett says he's "fine" with Barack Obama's chosen name for a plan to tax millionaires more — the "Buffett Rule." Obama was expected Monday to propose $1.5 trillion in tax increases targeting the wealthy and corporate preferences over the next decade.... Read more»

Bank of America could cut 40,000 jobs

Officials at Bank of America have considered cutting as many as 40,000 jobs during a company overhaul known as "Project New BAC."... Read more»

Buffett's 1-day score on BofA deal: $357 million

Billionaire investor Warren Buffett made headlines on Thursday when his company, Berkshire Hathaway, announced that it would invest $5 billion in Bank of America. And according to CNN, warrants related to the deal earned Buffett $357 million on Thursday alone. Nice work if you can get it.... Read more»

Think again

Life is good for the Kochs

Charles Koch justifies his puny tax rate with the argument that government spending often "does more harm than good," and adds, "my business and non-profit investments are much more beneficial to societal well-being than sending more money to Washington."... Read more»3

Comic: Politics

Buffett & Blankfein

Everyone's favorite billionaire, Warren Buffett is in the news, urging Congress to "stop coddling the super-rich".... Read more»

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