Compromises, Delays, Derivatives and Daze
A highway bill could soon head down Pennsylvania Avenue. The House Rules Committee plans to send to the floor the Ways & Means panel’s short-term highway funding bill today. After a floor vote...
View ArticleA Ditch, an Add, and Maybe an End Run
Australia repeals its two-year-old carbon tax. It’s been a contentious issue for seven years. Australia is one of the biggest producers of carbon emissions per capita. Its government is committed to...
View ArticleOne Downside Of Inversions: Higher Tax Bills For Stockholders
Corporate inversions are all the rage these days as U.S. businesses merge with foreign firms and then restructure the combined businesses as foreign-based corporations. That yields tax benefits and may...
View ArticleExecutive Privilege, Budget Consequences, and Rolling with the Taxes
Shutdown, Omnibus Spending, Continuing Resolution: So many choices in the wake of an Executive Action. The newly emboldened GOP (or is it?) has several options when responding to last night’s executive...
View ArticleWill Tax Reforming Be Forgot and Never Brought to Mind?
Congress is adjourned. The Daily Deduction will appear Mondays until it reconvenes. Could Dave Camp’s proposal and the corporate inversion debate prompt tax reform in 2015? TPC’s Bill Gale considers...
View ArticleTo Build a Better Tax Code, You Could Follow the Money
Death and taxes: Inevitable, but not always paired. President Obama wants to change that. In a wide-ranging tax plan he’ll highlight at tonight’s State of the Union address, he’d close “arguably the...
View ArticleTaxing the Rich: It’s a Plan Abroad, Too
The State of the Union: Tax reform depends on where you are sitting. In his State of the Union Address last night, President Obama called on Congress to address wealth inequality through the tax code,...
View ArticleTax Policy and Politics: More of the Same
Wait, are Ds and Rs really on the same page? In remarks yesterday, Treasury Secretary Jack Lew expressed optimism for a business tax overhaul, noting a “great deal of overlap” between the White House...
View ArticleOn Tiny Steps, King Edward, and Hidden Assets
Tax reform: Go big or go home, or at least, not very far. TPC’s Len Burman says that senators Marco Rubio’s and Mike Lee’s proposal to eliminate the tax on capital gains would do more harm than good....
View ArticleJust the Facts, Ma’am: On Filing and Reform
Congress is in recess and the Daily Deduction will post Mondays until it reconvenes. We’ll be back to our regular schedule on April 13. With just over two weeks till Tax Day, Treasury wants to clarify...
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Hillary Clinton’s Off-the-Mark Proposal to Encourage More Patient Investors
Democratic presidential hopeful Hillary Clinton has proposed to radically rejigger top capital gains tax rates to encourage investors to take a longer-term perspective. But I think she’s misdiagnosed...
View ArticleA Ditch, an Add, and Maybe an End Run
Australia repeals its two-year-old carbon tax. It’s been a contentious issue for seven years. Australia is one of the biggest producers of carbon emissions per capita. Its government is committed to...
View ArticleOne Downside Of Inversions: Higher Tax Bills For Stockholders
Corporate inversions are all the rage these days as U.S. businesses merge with foreign firms and then restructure the combined businesses as foreign-based corporations. That yields tax benefits and may...
View ArticleExecutive Privilege, Budget Consequences, and Rolling with the Taxes
Shutdown, Omnibus Spending, Continuing Resolution: So many choices in the wake of an Executive Action. The newly emboldened GOP (or is it?) has several options when responding to last night’s executive...
View ArticleWill Tax Reforming Be Forgot and Never Brought to Mind?
Congress is adjourned. The Daily Deduction will appear Mondays until it reconvenes.Could Dave Camp’s proposal and the corporate inversion debate prompt tax reform in 2015? TPC’s Bill Gale considers how...
View ArticleTo Build a Better Tax Code, You Could Follow the Money
Death and taxes: Inevitable, but not always paired. President Obama wants to change that. In a wide-ranging tax plan he’ll highlight at tonight’s State of the Union address, he’d close “arguably the...
View ArticleTaxing the Rich: It’s a Plan Abroad, Too
The State of the Union: Tax reform depends on where you are sitting. In hisState of the Union Address last night, President Obama called on Congress to address wealth inequality through the tax code,...
View ArticleTax Policy and Politics: More of the Same
Wait, are Ds and Rs really on the same page? In remarks yesterday, Treasury Secretary Jack Lew expressed optimism for a business tax overhaul, noting a “great deal of overlap” between the White House...
View ArticleOn Tiny Steps, King Edward, and Hidden Assets
Tax reform: Go big or go home, or at least, not very far. TPC’s Len Burman says that senators Marco Rubio’s and Mike Lee’s proposal to eliminate the tax on capital gains would do more harm than good....
View ArticleJust the Facts, Ma’am: On Filing and Reform
Congress is in recess and the Daily Deduction will post Mondays until it reconvenes. We’ll be back to our regular schedule on April 13. With just over two weeks till Tax Day, Treasury wants to clarify...
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