Senate Vote On Tax Deal To Happen Today
Sen. Harry Reid (D-NV) has confirmed that the Senate will vote on the proposed tax deal today. Discussions were expected to precede a vote. I expect them to be somewhat lively. Stay tuned.
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Extending Tax Cuts Eliminates Uncertainty
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
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Ask The Taxgirl: Healthcare Bill Unconstitutional?
Taxpayer asks: I heard today that the courts ruled Obamacare unconstitutional. Does that mean that we don’t have to worry about those new 1099s now? taxgirl says: There are a couple of pieces to this question. First things first: the health care bill is still law. Procedurally, what happened was that a federal court in…
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Tax Deal Advances
The tax deal will advance in the Congress. As of this hour, the Senate has secured at least 60 votes needed to take the measure to a vote tomorrow. The vote is expected to pass the Senate. (Update: As of 5:36 p.m., 79 Senators have voted to advance the measure)
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Tax Deal Headed for Another Vote
It looks like Christmas will come early for Senate Republicans today. A procedural vote is scheduled for the tax deal negotiated by President Obama and the GOP with a final vote scheduled for tomorrow. As I predicted, the final deal will look very much like the original deal with few adjustments; to appease Democrats in…
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Bernie Sanders Takes a Break
At some point today, I’m sure many in the Senate wanted to check Sen. Bernie Sanders (I-VT) for Energizer batteries because he kept going and going and going. But don’t call it a filibuster. Because it’s not. Sanders said so. And he had a lot of time to think about it. Sanders took the floor…
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If At First You Don’t Succeed: Another Vote Scheduled for Tax Deal
This one isn’t going down without a fight. After Democrats in Congress publicly defied President Obama by refusing to endorse the tax deal he negotiated with Republicans, the measure is going to another vote. On Monday, the Senate will take up a procedural vote to attempt to bring the deal to the floor. In response,…
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Breaking News: Dems Say No to Tax Deal
In what can only be considered a huge setback for President Obama, Democrats in the House have said no to the tax deal that the President recently negotiated with the Republican leadership. Talks go on. Stay tuned!
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The Morning After: The Tax Deal Hangover
I’ll admit that I didn’t see yesterday’s tax deal coming. I was fairly certain that the drama would play out through this week. We still have drama but now it’s more of the “let me explain” variety. Let me see if I can sort out for you what happened and why. First, let’s talk timing….
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Tax Update Piece On Its Way
A lot has happened in the tax world over the past 24 hours. I’m working on a comprehensive article about the new tax bill. In the interim, you can catch some of the highlights in this piece I did for AOL’s WalletPop.