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    Response to Club for Growth’s Chocola: Let’s Not Raise Taxes with the Extenders

    In today’s Wall Street Journal, the estimable Chris Chocola, former congressman from Indiana and current president of the Club for Growth, writes that Congress should allow all of the so-called tax extenders to expire. The tax extenders are a collection of roughly 50 tax-reducing policies that regularly expire and, just … More

    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

    Senator Hatch Gets It Right on Tax Extenders

    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 … More

    House and Senate Cloakroom: June 28 – July 2, 2010

    House Cloakroom: June 28 – July 2, 2010 Analysis: Moving in to the final week before the July 4th recess, the House is expected to take up the War Funding Supplemental, which is an $84.3 billion bill that includes only 39% for actual defense and military construction. The bill was originally … More

    New Extenders Bill Still Contains Irresponsible Spending

    The long-debated extenders bill failed to pass the Senate yesterday by a wide margin (45-52). That’s good new for taxpayers because the bill contained $48 billion in new taxes, $126 billion in new spending and added $79 billion to the national debt. Despite yesterday’s setback, Senate leaders are undeterred and … More

    A Fiscally Responsible Tax Extenders Bill

    Monday, Senate Majority Leader Harry Reid (D-NV) filed cloture on the tax extenders package. The bill would extend a variety of tax provisions that expire yearly and require Congress to pass them annually to prevent tax increases for many taxpayers, further extend unemployment benefits, and prevent a 21 percent decrease … More

    Now is the Worst Possible Time for Tax Hikes

    Friday brought yet another grim jobs report. The economy created 431,000 jobs in May according to the report, but 411,000 of them were temporary government jobs working on the Census. All those jobs will disappear when the Census is complete. The jobs report is the latest signal that the stimulus … More

    Tax Extenders Bill Still Contains Irresponsible Spending Increases and Dangerous Tax Hikes

    Congressional leaders have responded to the backlash against the original $174 billion cost of the “tax extenders” bill by reducing its cost by $47 billion. Even with the reduction, the bill will still add $84 billion to the deficit over the next decade. They have reduced the amount of spending … More

    House Bill Would Give States $2.5 Billion to Increase Welfare Rolls

    Speaker Nancy Pelosi (D-CA) is attempting this week to schedule a vote in the U.S. House of Representatives on a measure that would extend expiring tax breaks. But the “American Jobs and Closing Tax Loopholes Act of 2010” (H.R. 4213) would shut the door on the important success of welfare … More

    The Spending Must Stop

    Congress is at it again, spending more taxpayer money and significantly adding to the deficit in the process. This latest bout of irresponsible spending is $174 billion tacked on to an otherwise necessary bill to extend long-established, mostly sensible tax-reducing provisions known as the “tax extenders.”  The legislation, dubbed Stimulus … More