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Tag Archives: tax cuts

Rep. Mick Mulvaney Gets Senate Approval to Head OMB

The Senate voted 51-49 Thursday to confirm Rep. Mick Mulvaney (R-South Carolina) as director of the Office of Management and Budget, The Hill newspaper reported Thursday. Jordain Carney writes Mulvaney will administer the federal budget process, lead agency performance evaluations and implement strategies and policies for the acquisition of goods and services in the government. The …

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Congress Extends Payroll Tax Cut

The payroll tax cut will continue for at least two more months as Congress approved a temporary extension of the cut Friday, Reuters reported. Both the House and the Senate unanimously agreed to the measure by quick voice votes, according to C-SPAN. The payroll tax will remain at at 4.2 …

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Obama Wants to Tap Wealthy to Cover Jobs Bill Expenses

President Obama has proposed to pay for the American Jobs Act he sent to Congress on Monday largely through tax increases on wealthy Americans. The largest revenue-increasing measure applies to individuals with adjusted gross incomes of more than $200,000 or couples with more than $250,000. It would take effect on …

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