Obama pitches bank tax to recover bailout costs

President Barack Obama on Saturday pitched his proposed tax on banks to recover the cost of bailing them out during the financial crisis, saying if they can afford billions more in bonuses, they can pay back the taxpayers, too.


Labor angry over Obama-backed insurance tax

Labor leaders are pushing hard on President Barack Obama and Senate Democrats to drop a proposed new tax on high-value health insurance plans, warning of political consequences.


Union Leaders Press Obama On Health Plan Tax

WASHINGTON — Labor leaders irate over a proposed tax on high-value health insurance plans met with President Barack Obama on Monday to express their frustration over his support for the levy. Some labor officials have warned Democrats …


Obama proposes tax incentive to hire workers

President Barack Obama on Tuesday proposed a tax incentive for small businesses that add workers, even as Congress struggles to figure out how such an idea would work.


White House adviser won’t say no to tax increase

A top White House adviser says he can’t rule out a tax on middle-class Americans to pay for President Barack Obama’s health care overhaul.


Examples of how tax increases could hit the rich

The health care bill working its way through the House would impose $544 billion in new taxes over the next decade on families making more than $350,000 a year, on top of President Barack Obama’s plan to increase the top tax rates.


Rangel prefers no international tax in healthcare bill

The chairman of the powerful Ways and Means Committee in the U.S. House of Representatives said on Thursday he wants to keep President Barack Obama’s international tax proposals out of any effort to fund healthcare reform.


Euopean ‘tax havens’ face Obama action

President Barack Obama is proposing to close tax loopholes for US companies with operations overseas.