The wealthiest Americans have avoided paying about $100 billion in taxes through a loophole that essentially makes estate taxes voluntary, according to the attorney who devised the legal maneuver.
If you want to gauge how effective a popular movement has become, compare the present statements of leading politicians with their prior positions. In the case of former Massachusetts Governor Mitt Romney (R), the difference is night and day.
During an appearance on CNBC Friday morning, billionaire investor Warren Buffett appeared to change course on President Barack Obama's jobs plan, admitting he had not read the plan and suggesting that he'll likely oppose parts of it.
President Barack Obama said on Friday he does not want to permanently extend tax cuts for the wealthiest Americans, sending another signal he is willing to forge some sort of compromise with newly emboldened Republicans to win an extension for the middle class.
President Barack Obama said on Friday he does not want to permanently extend tax cuts for the wealthiest Americans, sending another signal he is willing to forge some sort of compromise with newly emboldened Republicans to win an extension for the middle class.