Where tax policy meets politics — legislation, elections, and the debates in Washington that decide how (and how much) you’re taxed.
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…
This week, I’ve asked readers to chime in on the Bush tax cuts. This guest post is courtesy of Renee Taylor, CPA (for more on the topic, see the original post): In the movie “Pay It Forward,” recipients of good deeds are supposed to perform a good deed for someone else rather than repay the…
This week, I’ve asked readers to chime in on the Bush tax cuts. This guest post is courtesy of Michael Rozbruch, IRS Problem Solver and Tax Relief Blogger (for more on the topic, see the original post): Tax cuts can actually be a good thing for the economy; they just have to be able to…
This week, I’ve asked readers to chime in on the Bush tax cuts. This guest post is courtesy of Michael J. Craig, EA (for more on the topic, see the original post): The Bush Tax Cuts are about to expire and does anyone want to do anything about it? The American political system is designed…
This week, I’ve asked readers to chime in on the Bush tax cuts. This guest post is courtesy of Stuart C. Wardlaw, CPA (for more on the topic, see the original post): On January 20, 2009, the Bush Administration handed over not only the keys to the White House; but also a box full of…