Remember last month when Secretary of the Treasury Timothy Geithner would not rule out a tax increase for the middle class to resolve our budget woes?
Well, apparently he’s changed his mind. Speaking this week, Geithner was asked the same question. This time, his answer was: “I don’t think so, no.”
So there you have it. Yes and no. (I still expect no.)
The folks at Thomson Reuters asked me to write a piece about the Bush tax cuts and I was happy to oblige. Give it a read… I think you’ll be surprised. Extending tax cuts eliminates uncertainty | Analysis & Opinion Kelly Phillips Erb Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and…
Philadelphia joined a host of other cities and towns – as well as states – across the nation hanging up “closed” signs on government funded institutions. Just months after Chicago ordered non-unionized employees to take unpaid furloughs and Hawaii warned of state employee furloughs, signs on Philadelphia public libraries and recreation centers warned of impending…
On April 20, President Obama put forth Mary L. Smith as his nominee to be the Assistant Attorney General for the Tax Division. A hearing to consider the nomination was held last month, on May 12. The report on the hearing was sent to the Senate for consideration earlier this week. And that’s where things…
We have a winner! It’s Elizabeth! For the answer, see the comments! Our first tax trivia question for the giveaway is: George H.W. Bush uttered the phrase, “Read my lips: no new taxes” while speaking at the Republican National Convention in what city? Don’t forget: the first correct answer wins free CCH tax prep software….
This week, I’ve asked readers to chime in on the Bush tax cuts. This guest post is courtesy of “A citizen proud to pay his fair share of taxes” (for more on the topic, see the original post): In the 1980’s the social security fund and the general fund were combined to make the deficits…
Last month, President Trump signed an executive order rolling back certain aspects of the Affordable Care Act (ACA). Now, the IRS appears to be easing off of enforcing the individual mandate.
