Tax Hikes

WASHINGTON -- The number of Americans filing new claims for unemployment benefits jumped last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity. Initial claims for state unemployment benefits jumped by 32,000 to a seasonally adjusted 360,000, the ...

The tax package that Congress passed in the final hour of New Year's Day will protect 99 percent of Americans from an income tax increase, but almost every person will still see a hit to their paychecks. That's because the legislation did nothing to prevent a reduction in the Social Security payroll tax from ...