Games, Spins, Ignorance and Patience
Congress keeps playing with the Highway Trust Fund—but why? The House Ways & Means Committee approved its effort to fund the Highway Trust Fund through May, 2015. To reach a bipartisan deal, the...
View ArticleOn Credits, Boycotts, and the Economy
Congress is in recess until Monday, September 8. The Daily Deduction will resume its regular schedule when Congress returns.“There will be credits.” Alaskans like the way oil industry profits are...
View ArticleHavens Abroad, Shelters Ashore
No more tax havens abroad? The Organization for Economic Cooperation and Development released its plan to limit corporate tax avoidance. All 34 OECD members plus 10 other countries including China and...
View ArticleClicks, Pumps, Dreams and Time… How Many May See Their Taxes Rise?
Cyber Monday will live to hear another click. Speaker of the House John Boehner has at least temporarily killed the Marketplace Fairness Act. The bill, which would allow states to require out-of-state...
View ArticleTaxed Reactions and Revenue Rules
House GOP on the President’s tax proposals: “Meh.” House Ways and Means Chair Paul Ryan told Treasury Secretary Jack Lew yesterday that “You have gradually, grudgingly taken a few steps in my opinion...
View ArticleSpending Cuts, Surpluses and Sales Opportunities
The House GOP Budget: No tax reform details. The House Budget Committee unveiled a budget with $5.5 trillion in spending cuts that promises balance by 2024. Committee Chairman Tom Price is confident...
View ArticleRevenues and Rate Hikes: What’s an Elected Official to Do?
There’s a revenue surge in California. The state is exceeding its 2013 tax collections and beating 2014 forecasts. The Franchise Tax Board netted $7.6 billion in personal income taxes between April 1...
View ArticleOne more step for equality, and two views on state EITCs
Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, July 6.Wyden promises tax changes in the wake of the Supreme Court’s decision on same-sex marriage. Following...
View ArticleHighway Drama Drives Contingency Planning
Still on the Hill: Extenders and highway funding drama. Today, the Senate Finance Committee is expected to mark-up its proposed restoration of expired tax breaks, and the full Senate plans to hold a...
View ArticleNot October yet, but, oh, the tax tricks and treats!
Donald Trump unveiled his tax plan—is it going to “cost him a fortune?”He has a tax cut for nearly everybody, but the highest income households would likely be the biggest beneficiaries. And his plan...
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