The House’s top taxwriter wants to pursue tax reform legislation
next year, according to the Ways and Means Committee’s Republican
chief tax counsel. Read More.
Sharply reducing income tax rates was the first step in Reagan’s
economic recovery plan, which produced a record 25 year economic
boom, from late 1982 to late 2007. Read More.
The United States has the worst corporate tax system in the
developed world, according to the Tax Foundation’s 2016
International Tax Competitiveness Index. Read More.
Hillary Clinton’s proposed tax increases on people with high
incomes and on businesses would constrain economic growth,
leading to lower wages and about 697,000 fewer jobs, according to
a policy group’s analysis. Read More.
Citing the Internal Revenue Service’s investigation of 99
churches for potential violation of laws restricting political
speech, GOP and faith leaders held a press conference at the
Capitol Wednesday to announce the introduction of a bill to
restore free speech rights to all non-profits. Read More.
An Ohio congressman who has long sought the impeachment of IRS
Commissioner John Koskinen Wednesday argued Koskinen must be
punished for thwarting investigation of the scandal. Read More.
Families who have been paying a babysitter or nanny over the
summer to provide childcare may be able to cut back now that
school is in session, but that doesn’t mean they can avoid the
so-called “nanny tax.” Read More.
The Internal Revenue Service’s priorities when deciding which tax
debt cases to pursue in person through its field collection
agents are not altogether clear to its own employees, according
to a new report. Read More.
The Treasury Department sought Thursday to limit the benefits
that U.S. companies can claim when they pay taxes overseas, an
effort to cushion the blow from Europe’s demand that Apple pony
up $14.5 billion in unpaid taxes. Read More.
House Republicans reached an agreement late Wednesday to avoid a
potentially divisive floor vote on impeaching IRS Commissioner
John Koskinen. Read More.