President Obama promised during the election that he would not raise taxes on anyone earning less than $250,000. But commentator Lawrence Haas says the president has to, and likely will, raise taxes on the middle class once the economy recovers.
It's been almost a year since Lehman Brothers bit the dust, and creditors are still lining up to get their money back in bankruptcy court. Near the top of the list is a very familiar name: the City of New York. Amy Scott reports.
The era of steady, lifelong 9-to-5 employment seems to be waning. These days more people work for themselves or telecommute for different firms. Commentator Amelia Tyagi says the tax code needs to adapt to a changing workforce.
Consumers in Massachusetts have enjoyed a weekend-long holiday from state sales tax every August for the past five years. But this year, the break is gone and taxes are going up. Abigail Beshkin reports.