Where tax policy meets politics — legislation, elections, and the debates in Washington that decide how (and how much) you’re taxed.
If Senator Charles Schumer (D-NY) gets his way, the cost of calling for tech support is going up. Under a new proposal, US companies would be taxed 25 cents per call outsourced to a foreign call center; there would be no fee for calls transferred to a call center inside the US. The bill would…
When I got up this morning, I was all set to blog more about the disaster that is (and let me type it out one more time) the American Jobs and Closing Tax Loopholes Act of 2010. Specifically, I was going to focus on the S corporation provisions, which seem to be taking a beating…
It’s almost like Congress is dragging this thing out just to make me have to type the phrase American Jobs and Closing Tax Loopholes Act of 2010. There’s not even a good acronym for it since there are too many consonants and not enough vowels: AJCTLA, which kind of sounds like something Gwen Stefani would…
Hmm. Maybe Congress is listening after all. After vowing to rush the American Jobs and Closing Tax Loopholes Act of 2010 (the revised Tax Extenders Bill) through, they’ve taken a step back. On Friday, members of the House decided to give themselves a 72 hour window for “member review.” I don’t want to get anybody’s…
Hmm. Maybe Congress is listening after all. After vowing to rush the American Jobs and Closing Tax Loopholes Act of 2010 (the revised Tax Extenders Bill) through, they’ve taken a step back. On Friday, members of the House decided to give themselves a 72 hour window for “member review.” I don’t want to get anybody’s…
Apparently, Congress is on a roll. Just a couple of months after they pushed through the massive health care bill (referred to as the Patient Protection and Affordable Care Act, signed into law in March 2010) and debated the similarly hefty Tax Extenders Bill (referred to as the American Workers, State, and Business Relief Act…
New Jersey Governor Chris Christie (R) wasn’t kidding when he claimed he would veto the so-called “millionaire’s tax” bill. Moments after the Senate passed the bill on a 46-32 vote, Senate President Steve Sweeney walked the bill down to Gov. Christie, who was waiting with his veto pen. Christie vetoed the bills immediately. Christie’s official…
In a remarkable change, South Carolina has voted to increase its cigarette tax for the first time since 1977. Well, sort of for the first time. The legislature originally increased the cigarette tax earlier in the month. But it was subsequently vetoed by Governor Sanford (R-SC). Today, however, the legislature managed to override the veto,…
Imagine for a moment that the top wage earners in the land were forced to throw their funds into a common pot that would be shaken up and redistributed to those less fortunate than themselves – a sort of a take from the rich and give to the poor scheme. No, it’s not a promo…
Well, one thing we know about Sanford (alrighty, two, if you count the whole cheating on his wife and lying about it bit) is that he keeps his word… to the legislature. The governor of South Carolina vetoed a bill yesterday that would have increased the cigarette tax in the state by 50 cents. The…