Democrats in debate urge taxes on rich
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Democratic presidential hopefuls called for higher taxes on the highest-paid Americans and on big corporations Thursday and agreed in an unusually cordial debate that any thought of balancing the federal budget would have to wait.
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House Democrats looking to spare millions of middle-class families from the expensive bite of the alternative minimum tax are considering adding a surcharge of 4 percent or more to the tax bills of the nation's wealthiest households.
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The poor are the people most likely to spend a tax rebate, if they are handed one in an economic revival plan. Whether that happens depends on who prevails Â the White House or the Democrats who run Congress.
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Any rebate included in an economic stimulus plan should include people who pay Social Security taxes, not just those who pay income taxes, a leading Democratic lawmaker said Sunday.
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If taxes are the price of civilization, election year is the time for bargain hunting. Over the past few months, President Bush and Sen. John Kerry, D-Mass.
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Private equity managers like Henry R. Kravis are fighting a fierce, uphill lobbying battle over one of the most contentious tax proposals in the last decade.
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Democratic presidential contender Barack Obama proposed up to $85 billion in tax cuts for about 150 million Americans on Tuesday, paid for by raising capital gains and dividend taxes on wealthy investors.
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Democratic presidential contender  Barack Obama proposed up to $85 billion in tax cuts for about  150 million Americans on Tuesday, paid for by raising capital  gains and dividend taxes on wealthy investors.
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Bloomberg - July 5 (Bloomberg) -- Democratic presidential candidate John Edwards embraced the idea of raising taxes on the managers of private-equity firms and hedge funds.
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Two US senators have proposed a sharp rise in the tax that private equity firms have to pay.
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Sen. Evan Bayh, weighing a run for president in 2008, challenged the Democratic Party to establish an agenda aimed at middle-class voters, a critical constituency that he said the party has let slip away.
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Democratic candidates for president tackled the economy as their debate got under way tonight in South Carolina. Sens. Hillary Clinton and Barack Obama and former Sen. John Edwards debate five days before the Democratic primary in South Carolina, where almost half of the voters are African-Americans.
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Almost a year after vowing to protect millions of middle-income families from a special tax meant for millionaires, Democratic leaders are still struggling to find ways to raise the billions of dollars needed to fix the problem.
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Liberal Democrats propose slashing basic rate of income tax in radical repositioning move.
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The Senate on Monday pressed ahead  with a Democrat-driven rewrite of American energy policy that  would strip nearly $15 billion in tax breaks from large  companies and put the money toward making energy from clean,  renewable sources like wind, solar and soybeans.
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Senate Democrats will move to add to a $150 billion economic stimulus package rebates for senior citizens living off Social Security and an extension of unemployment benefits, setting up a clash with the White House and House leaders who are pushing a narrower package.
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President Bush and his Democrat rival Sen. John Kerry sparred on Friday over the wisdom of giving tax cuts to the wealthy as their two campaigns converged on the battleground state of Oregon.