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    Constructive Small Business Expensing Bill Introduced

    Representatives Pat Tiberi (R–OH) and Ron Kind (D–WI), both Ways and Means Committee members, have introduced the America’s Small Business Tax Relief Act of 2014 (H.R. 4457). This legislation would make permanent section 179 expensing and allow businesses to deduct up to $500,000 annually in expenses incurred buying machinery, equipment, … More

    Baucus Heads Wrong Way on Important Part of Tax Reform — Again

    Chairman of the Senate Finance Committee Max Baucus (D–MT) continues to release draft proposals on important parts of tax reform. His latest draft proposal is a deeply troubling plan. Baucus proposes to change the way businesses deduct the cost of their capital expenses—things such as machinery, equipment, structures, property, and … More

    Gandolfini’s Death and the Need to Repeal the Death Tax

    James Gandolfini died of a heart attack last month while traveling in Rome. The Sopranos star was estimated to be worth nearly $70 million, leaving this money to his two children, wife, and two sisters. If the actor’s sudden and untimely death weren’t enough for his grieving family to deal … More

    Baucus–Hatch “Blank Slate” Tax Reform a Positive Step but Too Narrowly Focused

    Chairman of the Senate Finance Committee Max Baucus (D–MT) and Ranking Member Senator Orrin Hatch (R–UT) recently proposed a “blank-slate” approach to tax reform. This new effort helps strengthen the growing momentum for tax reform, but it is too narrow to result in the fundamental reform to the tax code … More

    Too Big to Fail: Some Questions for the House Financial Services Committee

    Tomorrow, the House Finance Committee, chaired by Representative Jeb Hensarling (R–TX), is holding a hearing on one of the most damaging legacies of the 2008 financial crisis: the “too big to fail” doctrine. Simply put, the doctrine holds that some firms are so essential to the functioning of the U.S. … More

    Senate Democrats Want Unnecessary $1.5 Trillion Tax Increase

    It has been nearly four years since the last time the Senate passed a budget. In that time, it hasn’t as much as proposed a budget. That at long last changed yesterday when Senate Budget chairwoman Patty Murray (D–WA) released a budget plan for next year. Now that the Democrats … More

    The Senate Cloakroom: Nov. 9 – 13

    Analysis – With Veterans’ Day on Wednesday, the Senate will have a shorter than normal workweek – Monday and Tuesday. Senators will spend the remainder of the week back home honoring veterans and, presumably, hearing from constituents about health care. The timeline for Senate action on the Reid-Obama health care … More

    Morning Bell: The Baucus Bait And Switch

    Throughout the health care debate, President Barack Obama repeatedly promised the American people that his health care plan “will help bring our deficits under control in the long term.” The problem is that the White House could not get the Congressional Budget Office to cooperate. Throughout the summer the CBO … More

    Read the Bill! What Bill?

    Live from the Senate Finance Committee Mark-up During the Senate Finance Committee mark up of the Baucus health bill today Senator Bunning of Kentucky put forth an innovative amendment. This amendment stipulated that before voting on the measure in Committee, legislative language would have to be accessible to the public … More

    Passing a Shell of A Bill: Congress' Secret Plan to Ram Through Health Care Reform

    With the President and Congress’s plan to pass comprehensive health care reform reaching increasingly high levels of unpopularity, and reconciliation becoming an impediment, the leadership of the Senate is rumored to be preparing a new secret plan to railroad the bill through the Senate in record time by using a … More