Taxes
Latest
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‘Line’ Items: Oscars Edition
Temporary Tax Extensions Avoid “The Hurt Locker” – The Senate passed H.R. 4691, a 30-day extension of several expired tax breaks and unemployment and...
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CBO/JCT Reports Roundup
A number of very interesting and relevant government reports came out the week of February 22, 2010.
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Wyden and Gregg Release Tax Reform Proposal
Earlier today, Senators Judd Gregg (R-NH), and Ron Wyden (D-OR) released what they call A Bipartisan Plan for Tax Fairness. Read the press release...
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Wyden and Gregg to the Rescue
Rescuing us from the disaster that is the U.S. tax code while reducing the federal debt will require nothing short of a superhuman feat; Senators Ron...
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‘Line’ Items: Tax Reform, the Fed, and Congress Back to Work
Commission Commencement – President Obama signed Thursday the Executive Order officially creating the National Commission on Fiscal Responsibility and...
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Interesting Tax Idea
If the President's new deficit commission comes up with this idea, you can count on a lot of hilarious lines from Co-Chair Al Simpson.
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‘Line’ Items: Commissions, Summits, Caps and Dogs
Commission Coming – The White House says President Obama will create a fiscal commission by executive order within days. Meanwhile, Republicans still...
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President Releases $3.8 Trillion Budget
President Obama released a Fiscal 2011 budget request today that would spend some $3.834 trillion next year and projects a deficit of $1.267 trillion...
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TPC Takes the Tax Challenge with Income Tax Rates
We recently invited folks to take the spending challenge and show how they would close the budget gap without raising taxes (or alternatively, take...
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Obama Proposes Bank Fee to Recoup Bailout Costs
President Obama has just proposed a fee on financial firms, stating his commitment “to recover every single dime the American people are owed.” The...
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Moving the Tax Expiration Goal Posts
The President may choose to submit a budget in which he extends the Bush tax cuts only temporarily—say for two years, rather than permanently as was...
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Obama Said to Support Tax on Health Insurance
According to the Associated Press, President Obama has encouraged House leaders to support the Senate's excise tax on high-cost insurance plans. As we...