Despite the Obama administration’s efforts to close the gap between decreasing revenues and increasing expenditures, the federal deficit is expected to soar this year. Congress
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Slight Majority Of Americans Favor Stimulus
As the stimulus plan works its way through the Senate, it appears to be losing popularity among US taxpayers. At the end of 2008, taxpayers
Read MoreGOP Counters Democrats' Proposed Second Stimulus Package
Earlier today, the GOP indicated that they are not on board with the Democrats’ proposal for a second economic stimulus package. There’s no surprise there.
Read MoreYou Get A Tax Perk! And You Get A Tax Perk!
I’ve been tossing around blog post after blog post in my head, trying to figure out what to write exactly about the tax provisions in
Read MoreFlood Victims May Get Additional Tax Relief
Not a lot was done right after Hurricane Katrina but Congress did step in with some disaster relief that include tax breaks for victims and
Read MoreGas Tax Holiday Takes Well… A Holiday
The proposed gas tax holiday has officially been scrapped. Of course, this shouldn’t be news – the tax holiday was planned to start on Memorial
Read MoreCongress Still Trying To Clean Up Housing Mess On Taxpayers’ Dime
The Senate voted overwhelmingly (76-10) to advance a mortgage rescue plan to save hundreds of thousands of homeowners from foreclosure. The plan focuses on a
Read MoreHouse Passes Tax Bill To Repeal AMT; White House Threatens Veto
Defying the White House, Representatives in the US House voted to prevent about 22 million taxpayers from being hit by the alternative minimum tax (AMT).
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Gas Tops $4/Gallon, IRS Finally Ups Mileage Rate
It cost me nearly $50 to fill my tank this week – $50! And I drive a pretty fuel efficient car. Gas in my home
Read MoreGOP Blocks “Extra” Tax On Big Oil
Senate Republicans blocked a proposal today that would tax the windfall profits of the country’s largest oil companies. The GOP put together 43 votes, which
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