Page 39 - Tax Rules News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That's a lot but it is down more than $200 billion from its estimate as recently as february. the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual acti...

Insanity helps the politically connected. people in the know people like me. dumb tax rules once gave me a free golf cart. i got it because charlie rangel conceded a tax credit for electric cars was a ghouled thing. >> encouraging energy efficient products such as plug in hybrid cars. >> it let dealers like this one could authorize free cars. buy one and get a 6,000 dollar tax credit. i got this car totally free. >> free for me. you taxpayers paid for it and i gave it away. that tax credit no longer exists. it is things like that that keep the tax code complicated. this is just the income tax ...

All right. so, how about that? if you're one of the millions of americans waiting on getting your tax return back the irs says it is slowly catching up with their work. last minute changes in tax rules delayed the irs. a little bit slow. they have got about 10 days of a backlog. so far the irs has processed more than 77 million returns. are yours among them? are they already in? the average refund is $2827. that is pretty good. down slightly from last year. bill: if you got a refund it is coming on the way you get a little anxiety. martha: you want to see that check in the mail. bill: come on ...

Didn't want to be perceived as tax raisers. now, the speaker is at a loss. >> many of us believe on both sides of the aisle, the tax code will help us get our economy working faster and put more americans back to work and more americans with tax rules. how we get there, god only knows. >> god only knows? mr. speaker, you're supposed to know. you are supposed to lead your caucus. you clearly cannot. friday, president obama explained it this way. >> nobody can get 100% of what they want. this is not simply a contest between parties in terms of who looks good and who doesn't. there are real world...

Tomorrow, 11:00 a.m. eastern. joining him tomorrow former state department spokesman p.j. crowley, joe lock hart and democratic strategist doug thornall. "now with alex wagner" is up next. ari, what have you got coming up next, brother? >> thanks, craig. will congress be the grinch that stole christmas? a new white house report warns that failure to address the fiscal cliff could spoil holiday spending. we have cnbc's eamon to explain all that. plus more rinse are unpledging allegiance to grover norquist's tax rules. we'll look at how that may be unraveling and what it reveals about washin...