Posts tagged as:

Max Baucus

Congress Breaks Out Thesaurus for Super-Committee

17 September 2011

It’s taken the country more than 100 years to make the Tax Code as complicated as it stands today. And yet, in clear DC fashion, Congress is making noise about reforming the code… in a mere two and a half months. Ah, the pandering optimism of Congress. The so-called “super committee” of 12 members of [...]

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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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Joan Rivers, Cher In Trouble: Congress to Tax Plastic Surgery

28 July 2009

You’re so vain, I’ll bet you think this blog is about you, don’t you? That’s because Americans spent $10.3 billion on 12.1 million cosmetic procedures last year. And Congress thinks it’s time to cash in. The Senate is currently considering imposing a 10% excise tax on cosmetic procedures which are not medically necessary. These would [...]

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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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Liddy’s Terrible, Horrible, No Good, Very Bad Day

18 March 2009

When Ed Liddy took the reins of troubled insurance giant AIG, he probably thought it would be tough. I’m guessing he had no idea how tough. Today, Liddy will face the House Financial Services subcommittee on capital markets in DC, and chances are, he’s in for a flogging. It’s now been made clear that AIG [...]

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