Half of U.S. pays no federal income tax

Half of U.S. pays no federal income tax Credits for low- and middle-income families exempt many Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem. About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, […]

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Yellin: Geithner faces a tough room

Slouching alone at the head table before a room of business reporters, Treasury Secretary Tim Geithner looked like an overgrown prep school student facing the expulsion board after violating the honors code. It wasn’t what he said, but his demeanor as he said it. Cautious, gazing out, he seemed to be shrinking from the room

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Critics question Obama’s pledge to end ‘pork’

As a spending bill loaded with pork makes its way through Congress, President Obama is getting pushback from members of his own party who are questioning his vow to end wasteful spending. The president on Wednesday pledged turn tide on an “era of fiscal irresponsibility,” reiterating his campaign promise that the days of “pork … as a strategy” are over

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