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, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news, IRS updates, scams, financial crime, and money in plain English.
Imagine this scenario: I am a voracious spender, some would say reckless. I rack up tons of debt buying Jimmy Choo shoes (a good investment, I’d say), new furnishings for my house and iTunes. When I reach my limit, I panic. My friends panic. My family panics. But all is well when I get a…
Just days after the Department of Justice announced that there would be no charges in the Internal Revenue Service (IRS) tax exempt scandal, the Republican chair of the House Oversight Committee has decided that’s not enough. Today, Rep. Jason Chaffetz (R-UT) introduced a resolution to begin impeach proceedings against IRS Commissioner John Koskinen. You can…
There’s no shutdown in the cards: Washington has finally passed a spending bill. The Consolidated Appropriations Act, 2020, includes a wide range of provisions from healthcare tax repeal to extenders. As expected, the Act included the repeal of three Affordable Care Act-related taxes: the so-called “Cadillac” tax on health insurance benefits, an excise tax on medical devices, and…
Don’t get excited. It’s not Daschle. Today, Nancy Killefer withdrew her nomination to become chief performance officer in the Obama administration. The new position, created this year, was supposed to “restore fiscal order and reform government.” Apparently, not in her own house. Killefer withdrew her nomination due to “unspecified tax issues.” No further details were…
This week, Congress has been sparring over the best way to fix the economy. It looks like, one way or the other, we’re going to have some tax cuts. The specifics have yet to be worked out. Many are pushing for individual tax rate cuts while others believe that cutting corporate tax rates (something Speaker…
Tonight, Republican presidential candidates will have another opportunity to make their case to the American people in the party’s fourth debate. The debate will take place at the Milwaukee Theatre in Milwaukee, Wisconsin. At 7 p.m., the so-called “undercard” candidates took the stage to debate. Those candidates, Gov. Chris Christie, Mike Huckabee, Rick Santorum, and…