The Congressional Budget Office (CBO) just now released its score of the bill the Senate passed early this morning while everyone was celebrating the beginning of the New Year. Despite knowing for a long time that taxes would go up on all Americans today, the Senate waited until we technically went …
On December 31, a set of approximately 50 tax-reducing provisions commonly referred to as the “tax extenders” expired. These provisions, which apply to both individuals and businesses, include popular measures such as the Research and Experimentation credit for businesses and the optional deduction for state and local sales taxes for …
President Obama repeatedly asked members of Congress to pass the American Jobs Act last week. But when no Democrat filed Obama’s bill after he presented it to Congress, a conservative congressman swiped the name for his own legislation. The American Jobs Act introduced in the House of Representatives looks quite …
The tax bill (still being drafted in secret) is becoming a lobbyist’s dream, just in time for Christmas. The Democrat opposition to President Obama’s compromise has increased the negotiating power of every Representative and Senator, especially the Democrats. The vote by the House Democrat Caucus to denounce the unwritten bill …
