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 [...]

We’re a little over a month away from the recommendations of the cat food commission, and while they are expected to fall mainly on the spending side, Damian Paletta sees the possibility of a number of tax expenditures falling by the wayside. Sacrosanct tax breaks, including deductions on mortgage interest, remain on the table just [...]