President Obama is sticking to his position on tax cuts for the wealthy: he doesn't want them extended. Reporter Scott Tong talks with Jeremy Hobson about whether the president is trying to pit the middle class against the rich.
To pay for some of President Obama's economic ideas -- like more roads and rails -- some tax breaks may be eliminated. Specifically, some deductions that oil and gas companies currently enjoy that allow them to lower their tax bills. Scott Tong reports.
UCLA's Anderson School of Management would like to have a more predictable, stable income -- so they want to opt out of millions in state funds. But with California's economy so unstable, the school's wish makes sense.
The Obama Administration announced several proposals to stimulate the economy, including tax break extensions. Marketplace's Mitchell Hartman sees how tax breaks could influence business growth and if it'll result in job creation.
The White House is proposing another economic stimulus idea. This time, the plan is to speed up a tax break for companies to build new factories and buy equipment. Reporter Scott Tong talks the details with Jeremy Hobson.
Despite trillions of dollars in government stimulus and lower interest rates the economy is only in a tepid recovery. Is it time for something new? Could changing the tax code spark some job creation? John Dimsdale reports from Washington.