President Obama’s ConnectED Funding Plan: ‘Obama Phones’ All Over Again?
As President Obama pushes his plans to expand high speed internet into American schools as part of the ConnectED program, is it “Obamaphone” all over again?
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Jacksons Will Go To Jail For Campaign Fund Abuse, Tax Fraud
Former U.S. Rep. Jesse Jackson Jr. and his wife, former Chicago Alderman Sandra Stevens Jackson, are both headed to jail on federal charges related to campaign fund abuse, including tax fraud.
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House Passes Bill To Keep IRS From Enforcing Obamacare
Today, the House passed the Keep the IRS Off Your Health Care Act of 2013. The purpose of the bill, H.R. 2009, as introduced by Rep. Tom Price (R-GA), is simple: to prohibit the Secretary of the Treasury from enforcing the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010.
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Did One Man’s Greed Drive Detroit Into Bankruptcy?
Detroit became the largest city in the United States to declare bankruptcy. Was it bad luck, bad management or something more? The story of Kwame Kilpatrick’s fall from political grace might offer some insight.
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Congress To Consider ‘Keep The IRS Off Your Health Care Act Of 2013’ This Week
Rep. Tom Price (R-GA) has introduced H.R. 2009, referred to as the Keep the IRS Off Your Health Care Act of 2013 to prohibit the Secretary of the Treasury from enforcing the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. The bill would bar IRS from enforcing the health care act as a result of the most recent tax exempt organization scandal.
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Baucus & Camp Talk Reform As Tax Road Show Rolls On
Senate Finance Committee Chairman Max Baucus (D-MT) and House Ways and Means Committee Chairman Dave Camp (R-MI) made a stop in Philadelphia as part of their bipartisan roadshow for tax reform. Small business owners talked tax and business – and no surprise, simplification and certainty topped their wish list.
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Rather Than Tackle Tough Tax Reform, Congress Focuses On The Death Tax. Again.
Congress introduces two more bills to repeal the estate tax.
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Ending Tax Breaks On Municipal Bonds Shifts Burden To The Rest Of Us
Better check that portfolio: the Obama administration is continuing to push for limits on the tax exemption of municipal bonds. The plan was tucked away in the President’s budget introduced in April but hasn’t attracted much public attention – until now, when it appears that the cap may actually happen. Traditionally, municipal bonds have attracted…
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Congress Threatens IRS With ‘Right-Sized’ Budget Cuts
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…
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As Second IRS Official Pleads The Fifth, Congress Pushes For ‘Lerner Rule’
Greg Roseman, a Deputy Director at the Internal Revenue Service, didn’t make any friends on the Hill last month when he refused to testify at a House Oversight Committee hearing. It was the second time in recent memory that an IRS employee had invoked a Fifth Amendment right not to testify: Roseman follows hot on…