ACA tax subsidies

: TaxVox

Spending Caps? What Spending Caps?

Up next week: The President’s Budget. President Obama will release his budget for fiscal year 2016 on Monday. The plan would increase spending above the sequester limits of the Budget Control Act of 2011. Steep cuts were triggered in 2013 when Congress failed to reach a budget deal, but were then

January 30, 2015Renu Zaretsky

: TaxVox

The Amazing [Anti-Inversion] Race

There’s tougher talk from Treasury. Secretary Jack Lew affirmed administrative authority to curb inversions, telling Bloomberg that “If Congress doesn’t act, we have to take the steps we can, which will reduce the economic value of inversions .” There’s more talk on the Hill, too. Senate Finance

September 10, 2014Renu Zaretsky

: TaxVox

ACA Tax Subsidies Face Risk; IRS Enforcement Is Overtaxed

Two appeals courts deliver opposing rulings on Affordable Care Act tax subsidies. The DC Circuit Court ruled yesterday that the tax credits can only go to residents in states that run their own health exchanges. In Richmond, VA, the 4th Circuit Court said the ACA language isn’t clear, so the tax

July 23, 2014Renu Zaretsky