Today, Congress is considering extending a rule that would allow home builders to apply any current losses to tax returns up to four years back. That could set builders up for big rebates. Jeff Tyler has more.
Presidential candidates are making their cases for change to the federal tax system. But commentator and economist James Poterba says trying to change the tax code will be tricky, no matter who's in the White House.
Commentator Dan Ariely says that for many of us, the temptation to do a little creative accounting with our taxes is too tough to pass up. He did an experiment with some MIT students and got some interesting results.
Looking for new revenue sources, states are considering levying taxes on Internet retail. California is thinking about taxing music downloads, and New York says it's going to start hitting up companies like Amazon. Alisa Roth reports.
The tax code hasn't gotten much attention in the presidential debate so far. But commentator and business historian John Steele Gordon says proposals to raise capital gains taxes might not be so smart.