Posts tagged as:

Baucus

Senate Holds Onto 1099 Reporting Requirement

30 November 2010

Remember those expanded 1099 reporting requirements that were included in the health care bill? It was all anyone could talk about for quite awhile. Clearly underestimating the rage of voters and business owners, members of Congress (yes, the same ones that voted it in) vowed left and right to do away with it. Apparently, those [...]

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Gulf Spill Yields Tax Talk About Multinationals

5 July 2010

In the middle of all the “tax loopholes closing” that’s been going on in Congress, a big, fat one may have remained open. Sen. Max Baucus (D-MT), who chairs the powerful Senate Finance Committee, has opened an investigation into whether Transocean, Ltd., has been exploiting tax law loopholes by moving their headquarters overseas (spoiler alert, [...]

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Fix the Tax Code Friday: Health Care Reform

9 October 2009

It’s Fix the Tax Code Friday! This week, health care reform is in the news again, this time with a focus on the proposed excise tax for high-premium insurance plans. The latest proposal for health care reform includes a controversial excise tax for high-premium insurance plans which exceed certain thresholds. Much of the concern, especially [...]

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Obama Opposes Taxing Health Care Benefits

13 July 2009

Don’t call it the Obama health care tax. On Sunday, Health and Human Services Secretary Kathleen Sebelius clarified on CNN’s State of the Union that the proposal being considered in Congress to tax employer provided health care benefits was not endorsed by her boss. Obama had opposed such a tax during his candidacy; his opponent, [...]

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Health Care Plan Leaves Huge Hole in the Budget

9 July 2009

In an effort to fund their massive health care plan, members of Congress are scrambling to find revenue. After searching under their car seats and sofa cushions for extra change, they have basically admitted that the well is simply dry. And that proposal to tax employer provided health care benefits? It’s just not picking up [...]

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Will Obama Make Employee Health Benefits Taxable?

12 March 2009

Senator Max Baucus (D-MT) isn’t a fan of limiting the itemized deductions for higher wage earners. I’ve said before that I’m not a fan of the idea and I don’t think it will pass in Congress. But Baucus has another idea. He’s asked Treasury Secretary Geithner whether the Obama administration would consider changing the current [...]

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