Where tax policy meets politics — legislation, elections, and the debates in Washington that decide how (and how much) you’re taxed.
Today, at a hardware store in Virginia, the GOP hopes to with their “Pledge for America.” I had hoped to upload it to the site but it’s a bit larger than my blogging software wanted to deal with: it’s an astounding 135 MB. If you want to check it out in its entirety, you’ll have…
As the debate over extending those Bush tax cuts continues, another tax break is slipping away… The Making Work Pay Credit, in place for the 2009 and 2010 tax years, is likely to not be extended to 2011 or beyond. Tax preparers (and tax software manufacturers) are likely breathing a sigh of relief. The tax…
I’ve been writing a lot this year about the upcoming Congressional election. It’s important for a number of reasons not the least of which is the sheer number of seats up for grabs. In the middle of all of this red versus blue, liberal versus conservative, Dems versus GOP, it can be difficult to sort…
For months/years, Congress has been happy to sit back and take a “wait and see” position on the economy as it relates to small businesses. But now they care. They really, really care. *** Oh wait, I’m just getting this in… This flurry of activity is just meant to make them look like they care…
And by “suddenly” I mean months later, after they passed it as part of a bill that they clearly didn’t read… But now that folks are ramping up their complaints over the new tax reporting requirement that was included, logically (not), in the health care bill, both Dems and the GOP have decided that they…
Gosh, just this morning, it was all hand holding and Kum ba ya in DC. Okay, maybe not so much. But House Minority Leader John Boehner (R-OH) did signal that he would likely support President Barack Obama’s plan to extend tax cuts for those families making less than $250,000. It clearly wasn’t his preference but…
Okay, maybe he didn’t take it *quite* that far. But taking a break from his earlier position, House Minority Leader John Boehner (R-OH) has signaled that he would vote for President Obama’s plan to extend the Bush tax cuts only for the middle class. But then he added a big “if.” Boehner said he would…
Terry Jones, the controversial pastor of Evangelical Dove World Outreach Center in Gainesville, has been making news all week for his plans to burn copies of the Koran. It’s his little protest to mark the anniversary of 9/11. He has the support of his entire church – all 50 members or so of them. And…
Where were you on December 1, 2007? It’s one of those dates that you’re likely not to remember. But according to the National Bureau of Economic Research, that’s about when the recession really started. If you believe that we’re still in a recession (and most economists seem to), that makes 34 months. We’ve had stimulus…
This week, I’ve asked readers to chime in on the Bush tax cuts. This guest post is courtesy of Belinda Roberts (for more on the topic, see the original post): For a long time I’ve considered myself a Democrat. During law school, I competed with other liberal students for the title of most progressive. I…