Americans strongly oppose proposed gas tax hike

WASHINGTON (Reuters) – Americans by a wide margin oppose a proposal to raise the U.S. gasoline tax by 15 cents a gallon to help cut U.S. budget deficits and support cutting the federal work force, a Reuters/Ipsos poll showed on Tuesday. Read more

Obama defends White House deal with GOP on tax cuts

President Obama on Tuesday forcefully defended the deal his administration has struck with Republicans to temporarily extend Bush-era tax cuts for all income levels, saying the concessions – some of which have infuriated liberals – are necessary to avoid a tax increase for nearly all Americans at… Read more…