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  • Copies of the fiscal 2013 budget are delivered and ready to be picked up Feb. 13, 2012, at the Cannon House Office Building on Capitol Hill in Washington. (Rod Lamkey Jr./The Washington Times)

    Obama's proposed tax hikes at odds with GOP rivals

    President Obama proposed tax increases on wealthy individuals and some corporations Monday, setting the stage for an ideological battle that won't be resolved until after the November election — if then.

  • Patricia Gillaird, a Government Printing Office receiving clerk, displays for news crews a copy of the fiscal 2013 budget at the Cannon House Office Building on Capitol Hill in Washington on Monday, Feb. 13, 2012. (Rod Lamkey Jr./The Washington Times)

    Obama to unveil budget with higher taxes, more deficits

    President Obama's budget request to Congress on Monday will forecast a deficit of $1.33 trillion in the current fiscal year and calls for $1.5 trillion in tax increases over the next decade, senior administration officials said Friday night.

  • American Scene

    The state official in charge of figuring out how to fix an enormous financial shortfall in Pennsylvania's capital city said in a proposed recovery plan released Monday that "significant and difficult" steps lie ahead, and that Harrisburg may end up seeking bankruptcy protection.

  • Illustration by Alexander Hunter for The Washington Times

    KNIGHT: With many claiming his mantle, it's important to get Reagan right

    Ronald Reagan, who would have turned 101 on Feb. 6, no doubt would have been amused by the number and ideological diversity of people claiming some part of the Reagan mantle.

  • Illustration by John Camejo for The Washington Times

    MURDOCK: Newt's flat-tax option beats Mitt's plan

    Despite losing Tuesday's Florida primary, Newt Gingrich showcased his voluntary, 15 percent flat tax - 2012's smartest idea yet, both strategically and substantively. Through the Nov. 6 election, this concept can inoculate Republicans from the Democrats' ceaseless lies about the wealthy "not paying their fare share" of taxes. If implemented, Mr. Gingrich's plan would reinvigorate America's feeble economy.

  • The Washington Times

    RAHN: Obama's odd sense of fairness

    President Obama keeps demanding that the rich pay more because "it is only fair." In his State of Union address, he said millionaires should pay a minimum of 30 percent of their income in taxes. The 30 percent number seems to have come from divine inspiration rather than an exercise in logic.

  • Illustration: Warren Buffett by Alexander Hunter for The Washington Times

    MILLER: Tax the 'rich'

    Each presidential candidate's position on investment tax rates is a critical issue. The current rates, set by President George W. Bush, will expire at the end of this year, so whoever sits behind the desk in the Oval Office next January will have the power to stop the capital-gains tax rate from jumping to 20 percent and qualified dividends rising to 39.6 percent.

  • First lady Michelle Obama stands among several guests of the White House at the State of the Union address Tuesday night. In the front row (from left) are Adm. William McRaven; Jackie Bray; Mrs. Obama; retired Navy Capt. Mark Kelly; Jill Biden, wife of the vice president; and Sgt. Ashleigh Berg. Two of the celebrity guests were Debbie Bosanek (second row with glasses), longtime secretary to billionaire Warren Buffett, and Laurene Powell Jobs (second row right with blond hair), widow of Apple co-founder Steve Jobs. (Associated Press)

    Obama guests add celebrity to State of Union

    The secretary for one of the world's wealthiest men and the wife of late Apple co-founder Steve Jobs were among those invited by the White House to attend President Obama's State of the Union address Tuesday evening.

  • Rep. Gabrielle Giffords, with husband Mark Kelly, gives her first public interview in November since she was shot in the head in Tucson, Ariz., last January. (ABC via Associated Press)

    Buffett's secretary, Jobs' widow to attend State of the Union

    The secretary for one of the world's wealthiest men and the wife of late Apple co-founder Steve Jobs are among those invited by the White House to attend the State of the Union address.

  • On the day of his State of the Union address, President Barack Obama walks from the Oval Office along the Colonnade of the White House in Washington, Tuesday, Jan. 24, 2012. (AP Photo/Haraz N. Ghanbari)

    State of the Union: Obama to say U.S. must reclaim fairness

    President Obama is pledging an economic revival that will work for everyone and not just the rich, declaring that "the defining issue of our time" is the endangered promise of the American dream.

  • Inside Politics

    he House of Representatives has passed a bill confirming the use of religious symbols at military memorials. It was also voting on legislation to order that a prayer issued by President Franklin Roosevelt on D-Day be installed at the World War II Memorial in Washington.

  • President Barack Obama pauses before he delivers his State of the Union address on Capitol Hill. At left are Vice President Joe Biden and House Speaker John Boehner. (AP Photo/Saul Loeb, Pool)

    Obama calls for taxes, investments

    Delivering a broad defense of tax increases on the wealthy to help pay America's bills and finance new investments, President Obama used his final pre-election State of the Union address Tuesday to urge Congress to act, warning that he was prepared to leave them behind if they fail.

  • Buffett

    Buffett would profit from Keystone cancellation

    Warren Buffett, whom President Obama likes to cite as a fair-minded billionaire while arguing for higher taxes on the wealthy, stands to benefit from the president's decision to reject the Keystone XL oil pipeline permit.

  • The Washington Times

    LAMBRO: Obama's tax-rate demagoguery

    Former Massachusetts Gov. Mitt Romney estimates the federal tax rate he pays on most of his income is about 15 percent because it comes from his past investments.

  • Inside Politics

    First lady Michelle Obama is challenging assertions she's forcefully imposed her will on White House aides, saying she's tired of people portraying her as "some kind of angry black woman."

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Quotations
  • Giga-wealthy investor Warren Buffett claims that he pays a smaller share of his income in taxes than does his secretary, Debbie Bosanek.

    MURDOCK: Newt's flat-tax option beats Mitt's plan →

  • The reason billionaire stock picker Warren Buffett pays just 15 percent on most if not all of his earnings - a lower rate than his secretary, he says - is because virtually all of his income comes from capital gains and dividends, which are taxed at a lower rate for a number of good reasons.

    LAMBRO: A speech about nothing →

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