Posts tagged as:

American Jobs and Closing Tax Loopholes Act of 2010

We Have A Winner!

1 July 2010

Alrighty, this one was tough. I had some amazing entries in the contest to rename HR 4213. You can read them all here. Choosing a winner was not easy. A lot of thoughtfulness and wit went into the entries but in the end (drumroll, please), I opted for: Charlie. I loved the backstory. Congrats, Charlie, [...]

1 comment Read the full article →

Congress Fiddles While We Burn: No Movement on Tax Bill

25 June 2010

So here’s where we are on HR 4213, also called the Tax Extenders Bill or the ever-so-catchy American Jobs and Closing Tax Loopholes Act of 2010: nowhere. The bill, which has been proposed in one form or another for over six months, failed yet another test this week when a revised version failed in the [...]

6 comments Read the full article →

Senate Votes to Eliminate Tax Deduction for Punitive Damages

21 June 2010

When I was a little girl, rather than completely clean up my room, I used to decorate it. I’d make a tissue flower and put it in the corner or hang a lovely paper chain on the bed. I guess I figured that if I prettied it up a bit, it would distract my parents [...]

5 comments Read the full article →

Tax Bill Still in the Senate

17 June 2010

The American Jobs and Closing Tax Loopholes Act of 2010 (also referred to as HR 4213) may need to be renamed the American Jobs and Closing Tax Loopholes Act of 2011. More than six months after its introduction, the bill is still sitting in Congress with just about a month and a half to go [...]

1 comment Read the full article →

Forecast: More Snowe in June

12 June 2010

As small businesses collectively hold their breath this summer over the inane Congressional proposal to tax some – but not all – s corporations differently, Sen. Olympia Snowe (R-ME) is offering some hope. Together with Mike Enzi (R-WY), she is filing an amendment to strike the provision from the bill altogether. Calling the tax a [...]

3 comments Read the full article →

Congress Hates Small Businesses

30 May 2010

When I got up this morning, I was all set to blog more about the disaster that is (and let me type it out one more time) the American Jobs and Closing Tax Loopholes Act of 2010. Specifically, I was going to focus on the S corporation provisions, which seem to be taking a beating [...]

13 comments Read the full article →

Congress Moves on Tax Vote

28 May 2010

It’s almost like Congress is dragging this thing out just to make me have to type the phrase American Jobs and Closing Tax Loopholes Act of 2010. There’s not even a good acronym for it since there’s too many consonants and not enough vowels: AJCTLA, which kind of sounds like something Gwen Stefani would name [...]

9 comments Read the full article →

Congress Gives Itself “Window” to Consider New Tax Bill

22 May 2010

Hmm. Maybe Congress is listening after all. After vowing to rush the American Jobs and Closing Tax Loopholes Act of 2010 (the revised Tax Extenders Bill) through, they’ve taken a step back. On Friday, members of the House decided to give themselves a 72 hour window for “member review.” I don’t want to get anybody’s [...]

4 comments Read the full article →

New Tax Bill Raising Eyebrows

21 May 2010

Apparently, Congress is on a roll. Just a couple of months after they pushed through the massive health care bill (referred to as the Patient Protection and Affordable Care Act, signed into law in March 2010) and debated the similarly hefty Tax Extenders Bill (referred to as the American Workers, State, and Business Relief Act [...]

14 comments Read the full article →