Articles

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Republicans are already acknowledging they need to fix their gigantic tax law — but that could be impossible
The new Republican tax law sets up major changes to the US tax code. Republicans are already acknowledging they will need follow-up bills to help correct any implementation issues. Democrats may not go along with any attempts at fixing the law, given that Republicans blocked fixes to the Affordable Care Act under President Barack Obama. Read More.
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Tax Reform Changes To Recharacterizations And Roth IRA 2018 Contribution Limits
Despite lots of noise leading up to the passage of the tax reform bill, retirement planning was left mostly alone. While the tax cuts and changes might have a big impact on government program cuts to Medicare, Medicaid, and Social Security in the future and might also significantly impact how people save, spend, and invest money, only a few direct changes were made to retirement planning laws. Read More.
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Republicans Hunt for Ways to Pay for Tax Cuts
A day after House and Senate Republican leaders said they had reached agreement on a merged version of their tax bill, they continued looking for ways to pay for the tax overhaul and faced the possible defection of a Republican senator, Marco Rubio of Florida. Read More.
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Marco Rubio says he’s a ‘no’ on tax bill unless he gets child tax credit
Sen. Marco Rubio, a Republican from Florida, told congressional leadership that he will not support the latest version of the GOP tax bill if the legislation doesn’t make the child tax credit more generous. Read More.
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Chairman’s Report - December 15, 2017
In the 1990’s when I met with Bob Packwood, the Senator from Oregon who was the Senate Finance Committee Chairman in 1986, he told me a story about a request he made to the Senate Judiciary staff in 1986 during the weeks leading up to the passage of the 1986 Tax Reform bill. Packwood said one night he was very tired and some Senators were demanding that changes be made that would produce more income and lower the deficit from the tax cuts. Read More.
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Senate Republicans Pass Sweeping Tax Bill
The Senate passed the most sweeping tax rewrite in decades early Saturday, with Republicans lining up to approve an overhaul that will touch almost every corner of the United States economy, affecting families, small business owners and multinational corporations, with the biggest benefits flowing to the highest-earning Americans… Read More.
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Rich homeowners in blue states are among the biggest losers in the GOP tax plan
The GOP’s tax plan is likely to advantage wealthy Americans in numerous ways, including with estate-tax and private-tuition benefits. But where the housing market is concerned, proposed changes — particularly in the House version of the bill — are set to disproportionately hurt wealthier homeowners. Read More.
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The GOP tax bill could add billions to Amazon, Facebook and Google’s bottom lines
The GOP tax bill has long been expected to boost corporate profits. Now we know just how much the biggest tech companies in the US stand to save — and what that could mean for their bottom lines… Read More.
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Worry about the Republicans’ tax bill—and how it was passed
SOME political theorists argue that the law draws legitimacy not just from voting, but also from public debate before legislation is passed. In voting through a tax-reform bill on December 2nd, Republicans in Congress have tested this principle to destruction. The bill, like most, has its strengths and its weaknesses, but Republicans have rushed it through disregarding the value of consistency and evidence. Their success will weigh on the quality of American government. Read More.
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Chairman’s Report - December 8, 2017
In a recent Hill.com article entitled, Analysis: More than 6,000 lobbyists have worked on taxes in 2017 by Megan Wilson, she clearly illustrates why the Swamp loves to play with the income tax system and is deathly afraid of the FAIRtax… Read More.
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The Senate Is Rushing to Pass Its Tax Bill Because It Stinks
As more senators show signs of sacrificing their principles and embracing the Republican tax bill for minor and nebulous concessions, it bears looking more closely at the process that produced this terrible legislation and some of its lesser-known provisions. Read More.
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How the Tax Bills Would Hit Higher Ed
As Republican leaders in the Senate lobbied to secure the votes needed for a drastic overhaul of the U.S. tax system, higher education leaders and student groups have continued to keep the spotlight on provisions in both houses of Congress that would significantly affect – and, they believe, badly hurt – institutions and college-goers alike. Read More.
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Trump tax reforms could depend on little-known ‘scoring’ panel
President-elect Donald Trump’s goal of overhauling the U.S. tax code in 2017 will depend partly on the work of an obscure congressional committee tasked with estimating how much future economic growth will result from tax cuts. Read More.
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Tax Court Sustains IRS Strict Interpretation Of Charitable Acknowledgement Rules
The Tax Court had bad news for 15 West 17th Street LLC about how strict that rule is. Very, very strict. Read More.
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A taxing year ahead: Expect to pay more for your home, parking, water and more
Property owners hoping for a respite from rapidly rising taxes will be disappointed in 2017, when city government and Public Schools will continue digging deeper into their pocketbooks. Read More.

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