Kim Dixon

U.S. budget experts raised their forecast on Wednesday of how many Americans will probably have to pay a penalty in 2016 for not buying health insurance to 6 million from 4 million.

Working Americans would receive a set of capped tax credits to cover their health care costs under a proposal by Republican vice presidential candidate Paul Ryan, who believes excluding employer-provided coverage from federal taxes provides an unfair advantage.

President Barack Obama's health care overhaul law contains a slew of new tax provisions, and their fate is unclear as the Supreme Court weighs the law's constitutionality.

President Barack Obama made an opening offer in what could be a long negotiation with corporate America on Wednesday, putting forward his first detailed plan to cut the corporate tax rate.

Republican governors across the United States are betting that now is the time to cut corporate taxes, despite the tattered condition of state budgets.