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 hopes up but do you think this means they’re going to read the darn thing?
Wait? You mean we just can’t keep cutting taxes and increasing spending? That’s the word from Majority Leader Steny Hoyer (D-MD). Hoyer indicated on yesterday that tax cuts for the middle class which are set to expire at the end of the year might only be extended for one year. Making them permanent would cost…
Things just keep getting worse for the Internal Revenue Service. Last week, a House Appropriations subcommittee proposed to slash the tax agency’s budget by nearly 25% for the next fiscal year. The cuts would bring the agency’s budget to the lowest level in more than ten years. The budget, which Chairman Hal Rogers (R-KY) has…
As Congress and the President collectively stomp their feet and stick their tongues out at each other over the debt ceiling, frequent travelers are catching something of a break… It turns out that one of the tax measures that has not been resolved involves federal taxes on airline tickets. Since Congress has not confirmed the…
John McCain and Barack Obama both promise to be fiscally responsible and not raise taxes on the middle class if elected president. It’s a tall order no matter who wins… the current White House has released information about the country’s economic status and it’s not good news. Last week, the White House estimated that the…
Over the years, I’ve represented a lot of clients. I’ve listened to hours and hours of IRS hold music. And I’ve had a lot of conversations with IRS reps and agents. But last week something happened that truly shocked me: the IRS hung up on me. On purpose. The details aren’t all that important. Basically,…
The Internal Revenue Service has concluded that Senator Barack Obama’s church, the United Church of Christ, did not violate nonprofit tax laws when Senator Obama addressed the denomination’s 50th anniversary General Synod in June 2007. You may recall that the IRS was investigating the denomination claiming that it had “reasonable belief” that the circumstances surrounding…
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And when is our 72 hour window for “public” review??
They don’t read much of anything and haven’t for many years
Fact is, most extreme political pundits rarely actually read most bills that they are OUTRAGED at
People don’t want the truth…they want what they want and anyone who doesn’t want to give them that….is whatever insult the people are coming up with
Seems to be more focused on corporations, with little real tax relief for working individuals. Can’t see any stand out credit or deduction akin to the stimulus credits of the last 2 years.