The IRS is underestimating the effect new estate and gift tax
rules could have on small businesses across the country, the
Small Business Administration (SBA) warned. Read More.
Years after the Internal Revenue Service scandal broke and long
after the media lost interest in the agency’s practice of
subjecting conservative groups to special scrutiny and delays,
the government is quietly seeking to bury it. Read More.
Taxpayers are avoiding billions of dollars in withholdings
annually because of lax enforcement by the Internal Revenue
Service, according to a recent audit by the Treasury Inspector
General for Tax Administration. Read More.
Top Republicans on the tax-writing committees are asking the IRS
to explain itself after a watchdog found that the agency wasted
$12 million on subscriptions to an email system that it couldn’t
use. Read More.
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.