Lead negotiators laid out the impasse in fiscal slope negotiations on the Sunday shows. It boils down to taxes, with the White House seeking that increase in the top tax rates, and Republicans claiming to be open on revenue, but only from the capping of deductions or closure of loopholes. Treasury Secretary Timothy Geithner said [...]

Mitt Romney plans a Friday afternoon news dump for releasing his 2011 tax returns, which so far he has only released in a partial fashion. The early report from the manager of Romney’s blind trust is that he paid an effective 14.1% tax rate in 2011, not much better than the 13.9% rate for 2010, [...]

Mitt Romney showed a little leg on the question of his tax returns today, responding to reporters by saying that he has never paid less than 13% in taxes. I just have to say, given the challenges that America faces – 23 million people out of work, Iran about to become nuclear, one out of [...]

I don’t have a huge problem with the Buffett rule, which will get a vote in the Senate and fail on Monday. But I do have a problem with the concept of a minimum tax based on adjusted gross income as a killer app in tax policy, rather than just raising rates and closing loopholes. [...]