The political compromise does little to address the consistent headwinds that undermine growth, hold back corporate investment, and dampen job creation.
By Mohamed El-Erian
FORTUNE -- The compromise reached by Congress, after multiple rounds of painful negotiations, makes some political sense. The economic benefits are mixed, at best. The social dimension is notable, but will need to be quickly reinforced by measures to reinvigorate economic growth and job creation.
The political MOREJan 2, 2013 6:47 AM ET
It seemed like a great idea at the time: sweeping tax cuts that would never go away because of an endless economic boom. The day of reckoning has come.
FORTUNE -- What seems brilliant today can come back to bite you in the butt tomorrow when the world changes. That's my major takeaway from the fiscal cliff soap opera.
It's a lesson that Republican tax-cutting zealots are now learning, painfully, as their MOREAllan Sloan, senior editor-at-large - Dec 21, 2012 5:00 AM ET
Whether or not the president and lawmakers reel us in from the fiscal cliff, the tax debate is sure to keep going.
By Becky Quick, contributor
FORTUNE -- It's an argument as old as politics itself: How do we responsibly finance the system of government that provides the basic framework of our society? Taxation without representation was at the core of forming this country. Now the rate and distribution of taxes MOREDec 7, 2012 5:00 AM ET
Data shows investors tend to pay less for stocks when capital gains rates are high.
FORTUNE -- Taxes, so the saying goes, are certain. What they do to stocks is, apparently, up for debate.
Famed investor Warren Buffett, in a New York Times opinion piece and elsewhere, has been making the case that tax rates, which are set to go up on capital gains and dividends on January 1st, won't affect the MOREStephen Gandel, senior editor - Nov 28, 2012 10:06 AM ET
Like three presidents before him, Mitt Romney told the voters what they wanted to hear about taxes. But this time they weren't buying it.
By John Cassidy, contributor
FORTUNE -- Poor Mitt Romney. From the GOP primaries, when members of his own party labeled him a "vulture capitalist," to the start of the campaign proper, when one of his top aides vouchsafed that he would follow an "Etch A Sketch" strategy, MORENov 15, 2012 5:00 AM ET
Instead of taking them down, shouldn't we figure out how to lift everyone up?
By Nina Easton, senior editor
FORTUNE -- Alexis de Tocqueville famously chronicled American society's love of equality -- and its equally passionate pursuit of money. "The love of wealth," the French historian wrote in the 1840s, "is … at the bottom of all that the Americans do." America stands out among Western nations for its grudging, and MORESep 6, 2012 5:00 AM ET
Resolving Romney's fee waiver issue.
FORTUNE -- Mitt Romney paid taxes at a much lower rate than did many other Americans, but he may have paid at a higher rate than his former colleagues at Bain Capital.
The underlying issue is management fee waivers.
In short, private equity funds receive annual management fees that are used to cover overhead like salaries and office leases. Typically 2% of capital commitments, paid by fund investors MOREDan Primack - Sep 4, 2012 2:54 PM ET
The President, key conservatives, and even some of the nation's biggest corporations are leaning toward trading special breaks for lower rates.
By Nina Easton, senior editor-at-large
FORTUNE -- The economy coughs and sputters and threatens to stall out -- again. Growth slows; unemployment ticks back up to 8.3%. Congress shamelessly convenes a five-week recess, while the President camps out under the comforting applause of the campaign trail.
The absurdity of Washington's inaction MOREAug 29, 2012 5:00 AM ET
Romney is finally talking private equity, but not private equity taxes.
FORTUNE -- If President Obama's supporters want to attack Mitt Romney over his time at Bain Capital, there may be a more productive tact than fruitlessly searching for illegal tax dodges in old investor presentations. Make it about tax policy.
Romney today indicated an increased willingness to get specific on his private equity history, through an op-ed in The Wall Street MOREDan Primack - Aug 24, 2012 12:06 PM ET
Selling shares before the tax rates rise.
FORTUNE -- Accel Partners yesterday distributed approximately 50 million shares of Facebook (FB) stock, following the expiration of a 90-day lockup. We don't yet know how many of those shares made it to market, but we do know that many limited partners in venture capital funds are effectively required to liquidate upon receipt.
My first thought was to criticize Accel for such a massive distribution. MOREDan Primack - Aug 17, 2012 12:26 PM ET
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