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Senate

Tax Deal Advances

13 December 2010

The tax deal will advance in the Congress. As of this hour, the Senate has secured at least 60 votes needed to take the measure to a vote tomorrow. The vote is expected to pass the Senate. (Update: As of 5:36 p.m., 79 Senators have voted to advance the measure)

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If At First You Don’t Succeed: Another Vote Scheduled for Tax Deal

10 December 2010

This one isn’t going down without a fight. After Democrats in Congress publicly defied President Obama by refusing to endorse the tax deal he negotiated with Republicans, the measure is going to another vote. On Monday, the Senate will take up a procedural vote to attempt to bring the deal to the floor. In response, [...]

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Vote on Tax Cuts Expected This Week

1 December 2010

House Speaker Nancy Pelosi (D-CA) indicated just a few weeks ago that a vote on the expiring Bush tax cuts would happen in mid-December. It turns out that the rest of the House is a bit more optimistic than she is: Rep. Chris Van Hollen (D-MD) has announced that he expects a vote on Thursday. [...]

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Tax Issues and Elections

3 November 2010

According to most post election polls, voters cited the economy as the #1 factor in influencing votes – more than health care, more than abortion, more than homeland security, more than immigration, more than education. This makes me wonder: what influenced your vote this year? If it was the economy, were taxes a factor? Or [...]

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Tax Talk 2010: Carly Fiorina

22 October 2010

Our next installment of Tax Talk 2010 features Carly Fiorina, the Republican candidate for California Senator. I emailed Ms. Fiorina a set of six questions related to tax. Follows are her unedited answers: 1. What’s the single most important tax issue facing Americans today? Americans need immediate tax certainty. Congress’ failure to prevent tax increases [...]

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Senate GOP Balks At Boehner’s Suggestion

13 September 2010

Gosh, just this morning, it was all hand holding and Kum ba ya in DC. Okay, maybe not so much. But House Minority Leader John Boehner (R-OH) did signal that he would likely support President Barack Obama’s plan to extend tax cuts for those families making less than $250,000. It clearly wasn’t his preference but [...]

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Congress Considers Jobs & Tax Bill (Again)

12 March 2010

Watching Congress do anything this year is kind of like being forced to sit through “Waterworld”… You thought you knew what you were in for but at some point it’s just tiresome and long and halfway through, you have no idea what’s really going on. Although, for the sake of clarification, I am in no [...]

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Jobs Bill Moving Through Senate

23 February 2010

For all that it’s popular today to play partisan politics, it’s clear that some officials in Congress are actually listening to voters. Newly elected Sen. Scott Brown (R-MA) knows that a significant issue in his most recent election was the economy. That’s likely why he – and four other Republican Senators (Kit Bond R-MO; Susan [...]

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Bipartisan Efforts to Reduce Unemployment In the Works

8 February 2010

If there’s one thing that both parties in Congress can agree on, it’s that any hope for economic recovery is going to hinge on getting unemployment under control. At the end of 2009, one out of every ten Americans able to work wasn’t working. Fortunately, there’s some good news. Last month, the national unemployment rate [...]

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ACORN Loses Federal Funding

17 September 2009

Just days after offering some “interesting” tax advice on film, ACORN was hit with a House bill that would deny federal funds to the group. Rep. Eric Cantor (R-VA) explained: ACORN has violated serious federal laws, and today the House voted to ensure that taxpayer dollars would no longer be used to fund this corrupt [...]

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