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By Melanie Waddell, AdvisorOne |
February 13, 2012
President Barack Obama on Monday released his 2013 budget to Congress, which includes boosting taxes for higher income earners as well as allocating more funds to the SEC.
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By Melanie Waddell, AdvisorOne |
January 25, 2012
A central focus of President Barack Obama’s State of the Union address was economic fairness, and requiring the wealthiest to pay more in taxes, but tax specialists and wealth managers say hiking taxes for the rich will do nothing to fix the tax code.
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By James J. Green, AdvisorOne |
December 6, 2011
Baucus quotes Buffett on limiting ‘potential for mischief;’ witnesses criticize Congress’ piecemeal approach to taxing financial products.
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By David Tittsworth, IAA |
November 15, 2011
Everything you wanted to know about the Congressional supercommittee, and when its recommendations need to be made.
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By Joyce Hanson, AdvisorOne |
October 20, 2011
For the first time since 2009, the U.S. government said Wednesday that it will raise Social Security benefits with a cost-of-living adjustment, up 3.6%, and the announcement was followed by praise—and criticism.
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By Marlene Y. Satter, AdvisorOne |
September 29, 2011
This week in new hires, New York Life realigned its practice groups and named new team leaders, and also named Sue Ericksen as CIO; Sen. Max Baucus praised Senate approval of three tax court nominees for second terms.
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By Joyce Hanson, AdvisorOne |
September 15, 2011
America’s workers are relying more than ever on their employers to ensure they’ll have enough money to retire—and this trend toward paternalism is being embraced by mutual fund and insurance companies.
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By Melanie Waddell, AdvisorOne |
September 14, 2011
At a hearing held by the Senate Finance Committee on Wednesday to discuss the committee’s ongoing efforts to reform the tax code, Sen. Max Baucus, D-Mont., chairman of the committee, said the lower tax rates for the nation’s wealthiest workers must expire, “rather than making major cuts to Social Security...
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By Melanie Waddell, AdvisorOne |
September 9, 2011
An economist to former President George H.W. Bush unveiled a proposal to reform the retirement savings system by replacing the deduction for contributions to retirement savings accounts with a flat-rate refundable credit deposited directly into a saver’s account.
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By Marlene Y. Satter, AdvisorOne |
September 8, 2011
Witnesses testifying Thursday at the latest Senate Finance Committee meeting on tax reform regarding tax treatment of international businesses, found some common ground but also considerable disagreement on the best strategies to employ.