Income Tax

The day Gov. Jerry Brown took office in 2011, the state budget was more than $25 billion in the red — the latest installment in a long-running drama of boom-and-bust budgeting. Since then, lawmakers have slashed billions of dollars from education,...

WASHINGTON (AP) - President Barack Obama rolled to re-election Tuesday night, vanquishing former Massachusetts Gov. Mitt Romney despite a weak economy that plagued his first term and put a crimp in the middle class dreams of millions. In victory, he...

Obamacare, same-sex marriage and marijuana legalization dominated the hot-button ballot initiatives before voters in a number of states on Tuesday. A key component of President Barack Obama's signature health care reform law is on the line in a...

WASHINGTON (AP) — President Barack Obama and former Massachusetts Gov. Mitt Romney dueled for the White House on Tuesday in a tight-to-the-finish election shadowed by a weak economy and high unemployment that crimped middle class dreams for...

MEET THE CANDIDATES   When Marylanders head to the polls Nov. 6, they will elect members of the U.S. Senate and House of Representatives in addition to casting their ballots for president. Dozens of people are running for a chance to represent the...

WASHINGTON (AP) — In the rough-and-tumble of a town hall-style presidential debate, the facts took something of a beating Tuesday night. Mitt Romney wrongly claimed that it took 14 days for President Barack Obama to brand the assault on the U.S....

In the great pile of email that arrived after last Sunday's column on millionaires who whine about "class warfare," there were numerous defenses of wealthy "job creators like Mitt Romney," and an equal number of attacks on "liberals like President Obama"...

SACRAMENTO — Gov. Jerry Brown may still pull out a victory for his beleaguered tax measure. Then he can tell all us kibitzers to go eat a big Thanksgiving plate of crow. Polls show "yes" votes in the high 40s with the "no" side in the low 40s....

A counterpart to the biblical adage that the poor will always be with us is the notion that the rich will always be one tax hike away from leaving us. That's the foundation stone, after all, of the argument against raising taxes on "job creators" and...

SACRAMENTO — Gov. Jerry Brown's tax proposal is terrible public policy. Plain and simple. But it offers the only plausible path to rescuing California schools from more painful budget slashing. So it's not so simple. Politics is the art of the...

Whoever wins the presidential election in November will confront urgent problems: Should tax cuts scheduled to expire be renewed? Should federal spending be cut to reduce the deficit or would that weaken an already lackluster economy? After one of the...

How the federal debt would look in terms of a household Editor: The information below cuts thru political hype and helps put things into perspective. Let's remove eight zeros from the federal figures and pretend it's a household budget: U.S. Tax...