Where tax policy meets politics — legislation, elections, and the debates in Washington that decide how (and how much) you’re taxed.
At around 6:00 p.m., the so-called “undercard” candidates took the stage to debate. Those candidates, Mike Huckabee, Rick Santorum, Lindsey Graham, and George Pataki, are those who are trending at the low end of the polls. At around 8:30 p.m., those candidates polling higher will take the main stage. Those candidates are Donald Trump, Ted…
Seven former Internal Revenue Service (IRS) commissioners have signed onto a joint letter to Congress speaking out against further reductions in the IRS’ fiscal year 2015 budget. In the letter, the commissioners note that cuts of $838 million in the House and $470 million in the Senate would be the sixth year of cuts in…
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…
As concerns mount over the recent proposal to turn over delinquent tax accounts to private debt collectors, Ways and Means Oversight Subcommittee Ranking Member John Lewis (D-GA), Ways and Means Committee Ranking Member Sander Levin (D-MI), and Budget Committee Ranking Member Chris Van Hollen (D-MD) have issued the following statement: It is misguided and harmful…
Those who fail to learn from history are doomed to repeat it. – Winston Churchill Sometimes it feels like the government does this best. Failed policies are often recycled – often many times – in some sort of desperate attempt to make them work. Or to spend taxpayer dollars to promote self-serving agendas. Sometimes it’s…
(Author’s update: This morning (10/29/2015), the full House officially elected Rep. Paul Ryan as the 54th Speaker of the House. He won 236 votes – he just needed 218.) Republicans officially nominated Rep. Paul Ryan (R-WI) yesterday to serve as Speaker of the House. Today, the nomination will move to the full House of Representatives…
Tonight, the remaining GOP presidential hopefuls will take the stage at the University of Colorado for further debate about the economy. The debate will be aired on CNBC. I’ll be live blogging the debate: stay tuned throughout the evening. At 6 p.m., four candidates at the bottom of the polls took the stage. The debate was…
According to the National Rifle Association (NRA), Americans have acquired over 170 million new firearms since 1991. While it’s tough to pinpoint the number of guns currently in the U.S., a 2012 Congressional Research Service suggests that the number hit 310 million in 2009. A U.S. Congresswoman believes that those numbers present a unique opportunity…
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…
Earlier this year, Greece teetered on the brink of financial ruin. Unable to pay its debts, the country went begging to the Eurozone for another chance. Despite reservations from its colleagues, including an increasingly weary Chancellor Merkel in Germany, Greece was given that chance. This time, however, the deal came with strings – including stepping…