The Obama Administration yesterday backed down from its plan to tax the earnings on 529 savings accounts, a kind of saving account for higher education under section 529 of the tax code. At Bloomberg, Richard Rubin and...
Scott Hodge on the Debt Ceiling, Deficit Spending and Federal Taxes
Tax Foundation President Scott Hodge discusses the current negotiations between Congress and the White House over the debt ceiling and the federal budget process. He also answers caller questions on the burden of the federal income tax and whether U.S. corporations and high-income households are paying their "fair share" of taxes.
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