A key panel of Japan’s ruling party agrees to postpone a planned sales tax increase amid rising opposition to the move.

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Japan delays sales tax increase

House Republicans, on the eve of Tuesday’s vote denying tax relief to 160 million Americans, huddled in a conference room in the Capitol basement for more than two hours. Were they puzzling over how to explain to constituents why they were effectively ordering a tax increase on the middle class after fighting for much larger tax breaks for the wealthy? Were they justifying the killing of a bipartisan compromise that had the support of all but eight Senate Republicans and the tacit approval of House Speaker John Boehner? Read full article > >

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Braveheart Republicans? Or false-hearted?

The Senate agreed Saturday to extend the payroll tax cut for two months, in a deal that would avert a New Year’s tax increase for millions of workers. The agreement, approved in an 89-to-10 vote, also would require the administration to decide quickly whether to allow construction of a controversial transcontinental oil pipeline. Read full article > >

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Senate votes to extend payroll tax cut, keep government open

Republican presidential candidate Herman Cain acknowledged Sunday that some Americans would see a tax increase under his “9-9-9” plan, but insisted that “most people will pay less” under his proposal to overhaul of the country’s tax code. Surging in national polls, the pizza magnate who casts himself as an outsider found himself on the defensive over his tax plan during a 25-minute appearance on NBC’s “Meet the Press.” Read full article > >

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Cain defends ‘9-9-9’ tax overhaul plan

The only groups likely to face a tax increase are the poorest.

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Tax Package Will Aid Nearly All, With the Highest Earners Benefiting Most

President Obama and congressional Republicans expressed determination Tuesday to reach an agreement on the tax cuts due to expire at year’s end, raising the possibility of a compromise that could avert a tax increase for virtually every American worker.

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After meeting, hope for a deal on tax cuts