Taxes
Latest
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IRS Taxpayer Advocate to Congress: The Time for Tax Reform is Now
In its annual report to Congress Wednesday, the National Taxpayer Advocate stated unequivocally that "the most serious problem facing taxpayers - and...
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‘Line’ Items: Happy Holidays Edition
Deck the Halls with Bills of Folly – On Friday President Obama signed the $858 billion tax cut package that Congress passed earlier in the week...
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MARKETWATCH: December 13– December 16, 2010
Nearing the end of the week, markets are still wrestling with the same cross-currents they faced last week, but with a new wrinkle - Spain. The growth...
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Taxing Time for Fiscal Sanity
Update 12/17: The House approved of the tax cut package late Thursday on a 277-148 vote. The bill now goes to the White House for the president's...
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Senator Coburn Offers Amendment to Offset Some of the Tax Deal
Update: The Senate passed the tax cut legislation on a 81-19 vote. It now moves to the House, which may act Wednesday or Thursday. With the Senate...
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Amid Fiscal Frustration, Some Signs for Hope
The Senate is poised to pass a tax cut package that will add over $850 billion to our deficit. Meanwhile, a pork-laden $1.108 trillion omnibus...
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Moody's Warns U.S. over Tax Cut Deal
With the Senate getting past a procedural vote in approving the tax deal, it appears more and more likely that this deal will soon become law. With...
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CNN Money Exclusive: Tax Plan: Get Ready for a Big Debt Hangover
In her latest commentary on CNN Money, CRFB President Maya MacGuineas discusses the challenges ahead with the recent deal on tax cuts and how...
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Line Items: Botched Snap Edition
Washington Drops the Ball – To many federal budget watchers, the tax cut debate has been more frustrating than watching the Redskins play. The...
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Who Won from the Tax Deal?
Update: The White House recently stated that the tax cut deal would create or save 2.2 million jobs, which would bring the budgetary cost to $390,000...
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MarketWatch: December 6 - December 10, 2010
Markets this week have been dominated by the White House announcement of a fiscal package deal with Republican Congressional leaders that would add...
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Tax Cut Compromise a Costly "Deal"
The Senate began debate late Thursday on the tax cut compromise hammered out by some lawmakers and President Obama. The debate began even as House...