Automatic enrollment in 401(k) plans has been such a success that a lot of people want to duplicate it with IRAs. Proposals that would require employers to establish automatic payroll deductions for IRAs have been kicking around …
President Obama
Obama Wants to Make Cheaper Pennies and Nickels
It’s one of the more inconvenient truths about U.S. currency: It costs more than a penny to make a penny, and more than a nickel to make a nickel. Now, President Obama is trying to get Congress to grant him permission to lower …
Buffett Rule Shares Flaw with Tax it Would Replace
Say goodbye to the much-loathed Alternative Minimum Tax and hello to the Buffett Rule. Sweet relief. The AMT has perplexed taxpayers and agonized accountants for decades. But wait: Are the AMT and the Buffett Rule really so different?
Who Qualifies for the $26 Billion Foreclosure Settlement?
It took over a year for lawmakers and state AGs to agree to the terms of the $26 billion foreclosure settlement announced this week, and it could take up to another three years for eligible homeowners to see a share of that …
The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share?
As the nation frets over slow growth and large budget deficits, much has been made over how much Americas are and should be paying in income tax. President Obama and Democrats have argued that the wealthiest among us are not …
Obama Wants to Force Colleges to Reduce Tuition, but at What Cost?
In his State of the Union address on Tuesday night, President Obama “put colleges and universities on notice.” Find a way to stop tuition from going up, he told them, or risk losing federal aid money. Following up on that …
How Obama Plans to Stop Big College Tuition Hikes
President Obama said in his state of the union speech that it’s time to cut federal aid to any college that does not keep tuition increases in check. The hope is that they will then find ways to cut costs and make college more …
Romney’s Tax Plan Would Save Him Millions — But Not As Much As Gingrich’s Would
Republican Presidential candidate Mitt Romney would save $3.4 million a year — roughly 85 times the total pre-tax income of the average American citizen — if the tax plan he advocates were enacted in the year that he is seeking to be President. In fact, Romney’s policies would not only shrink what he pays to the government, they would …
Fixing the Housing Market: What to Expect from Obama’s SOTU Speech
What’s President Obama’s plan for getting the housing market back on track? Look for proposals—but not necessarily solutions—in tonight’s State of the Union address.
Almost Half of Americans Live in a Household Receiving Government Benefits
According to U.S. Census data, 48.6% of the population lived in a household that received some form of government aid in the second quarter of 2010, which rose slightly from the previous quarter — another sign of how dependent on federal aid Americans have grown during the Great Recession.
Money Milestones: What Kids Should Know About Money and When
President Obama and his top financial advisers in November were handed a blueprint for what kids at certain ages should be expected to know about money. The document is still a work in progress. But it’s far enough along to …
200,000 New Jobs Is a Good Start, But Good Times May Still Be a Decade Away
Companies are hiring again. That’s the good news. The bad news is those hires might not be coming fast enough.
