Where tax policy meets politics — legislation, elections, and the debates in Washington that decide how (and how much) you’re taxed.
(Update: A version of the bill passed the Senate on 3/25/2020, and is expected to pass the House.) Last week, the Senate introduced what I described as “a massive bill” intended to provide direct economic relief in response to the COVID-19 pandemic. That bill didn’t move forward over the weekend. The House responded with “hold my beer.”…
The Senate has introduced a massive bill intended to provide direct economic relief in response to the COVID-19 pandemic. COVID-19 is the official name for the infectious disease caused by the most recently discovered coronavirus. According to the World Health Organization, as of March 20, 2020, there are 209,839 confirmed cases of COVID-19 in 168 territories…
(Author’s Note: Updated to reflect that the President signed the bill into law.) The Senate has passed the House’s bill intended to provide economic relief in response to the COVID-19 pandemic. The original bill, H.R. 6201, Families First Coronavirus Response Act, cleared the House last week. COVID-19 is the official name for the infectious disease caused by…
More economic relief is on the way. That was the word out of the White House briefing today regarding the COVID-19 pandemic. COVID-19 is the official name for the infectious disease caused by the most recently discovered coronavirus. According to the World Health Organization, as of March 18, 2020, there are 193,029 confirmed cases of COVID-19…
As numbers of confirmed cases of COVID-19 continue to increase in the United States, the federal government is taking actions to reduce the impact on individual and business taxpayers. COVID-19 is the official name for the infectious disease caused by the most recently discovered coronavirus. According to the World Health Organization, as of March 14, 2020,…
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…
There’s snow on the ground, the calendar is winding down, folks are gearing up for the new year, so of course, we’re getting… EXTENDERS? Yes, it’s true. With the clock ticking, Washington appears to have reached a deal on tax extenders. Extenders are a term used to refer to expired or expiring tax provisions and…
Negotiations are ongoing, but it looks like the fiscal year 2020 spending bill will include permanent repeal of up to three Obamacare taxes: the so-called “Cadillac” tax on health insurance benefits, an excise tax on medical devices, and the Health Insurance Tax. The three taxes were part of the Patient Protection and Affordable Care Act,…
As concerns circulate about a potential recession, President Donald Trump insists that the economy remains healthy. Despite those assertions, there have been rumblings that White House officials are exploring the possibility of a temporary payroll tax cut to put more money in the hands of consumers. According to reports, economists inside the White House have drafted…
The second night of the Democratic debates marked a shift both in tone and topics. While the first night of the debates was short on tax policy, tax talk nearly doubled in the second debates. The candidates who were onstage during the second round of debates were Sen. Michael Bennet (D-CO), former Vice President Joe…