The House Committee on Ways and Means has announced that Rep. Charles B. Rangel (D-NY) has introduced legislation to tax executive bonuses. The legislation, if
Read MoreCategory: politics
Liddy’s Terrible, Horrible, No Good, Very Bad Day
When Ed Liddy took the reins of troubled insurance giant AIG, he probably thought it would be tough. I’m guessing he had no idea how
Read MoreWhat About Taxing Those Darn AIG Bonuses?
In response to the growing ire over the $165 million in bonuses paid out to AIG, Sen. Christopher Dodd (D-CT) has suggested that taxing the
Read MoreWill Obama Make Employee Health Benefits Taxable?
Senator Max Baucus (D-MT) isn’t a fan of limiting the itemized deductions for higher wage earners. I’ve said before that I’m not a fan of
Read MoreTax Trivia: Stimulus Bill & The GOP
We have a winner! See comments! Our next tax trivia question is: In February 2009, the House and Senate each initially approved their own version
Read MoreCongress To Obama: Not So Fast
Just days after President Obama outlined his proposed budget, which includes tax modifications (yeah, it’s a cheesy word, keep reading) for high wage earners, key
Read MoreDoes Anyone In DC Pay Taxes?
Because, at this point, I have to think the answer is no. After a string of Obama nominees disclosed tax issues – including confirmed Treasury
Read MoreObama’s Speech: We Are Not Quitters
If you missed Obama’s State of the Nation speech, you can read the full text here. The GOP response to the speech was delivered by
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Schwarzenegger To GOP Governors: We’ll Take Your Money
A number of Republican governors have indicated that they will turn down federal money offered to states as part of the stimulus package. The Republican
Read MoreNo April Fool’s: Adjusted Withholding For Stimulus Package To Begin April 1
President Obama has issued a target date for the adjusted withholding to begin as part of the stimulus package: April 1. Obama mentioned the date
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