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…
As last year, I’ll be turning over the reins at taxgirl.com to my readers for the last week in August. This year, I’m offering you the chance to speak your mind about the proposed Bush tax cuts. As you know, unless Congress acts before the end of the year, there’s a lot set to happen….
I’m writing this particular post from my hotel room in Durham, NC, just across the way from Duke Hospital where my dad had surgery on yesterday. Thanks for all of your thoughts and prayers. He came through surgery just fine – although the family and I are quite worn out from dealing with Duke (yes,…
Remember those new reporting requirements for businesses that were tucked away inside the health care bill? “Unpopular” doesn’t even begin to describe the provision. So what’s a legislator to do in the midst of an election year? Repeal the very piece of legislation that you passed earlier in the year. Now you can take credit…
So what’s the punishment for Rangel’s numerous ethics violations, including financial wrongdoing and “harming the credibility of Congress”? A stern reprimand of course. That’ll teach him. CNN is reporting that House ethics committee investigators are recommending that Rep. Charlie Rangel (D-NY) be reprimanded as punishment for 13 ethics violations. Rangel, for his part, says the…
So here’s where we are on HR 4213, also called the Tax Extenders Bill or the ever-so-catchy American Jobs and Closing Tax Loopholes Act of 2010: nowhere. The bill, which has been proposed in one form or another for over six months, failed yet another test this week when a revised version failed in the…
The American Jobs and Closing Tax Loopholes Act of 2010 (also referred to as HR 4213) may need to be renamed the American Jobs and Closing Tax Loopholes Act of 2011. More than six months after its introduction, the bill is still sitting in Congress with just about a month and a half to go…
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…