Tax Policy Center

Dick Durbin

: TaxVox
The White House plans to release its budget on February 2. It would be the first time since 2010 that the Administration would meet the deadline for the roll-out. The Hill reports that the OMB hopes such timeliness will restore some discipline to an old and broken-down process . Broken down perhaps
January 9, 2015Renu Zaretsky
: TaxVox
As expected: Paul Ryan will succeed Dave Camp as House Ways & Means Chair. Representative Kevin Brady removed himself from consideration earlier this week, though he had more committee seniority. The full House GOP conference approved its Steering Committee’s chairmanship recommendations,
November 20, 2014Renu Zaretsky
: TaxVox
Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then. What’s a multinational to do? Where is it to go? Senator Dick Durbin and Senate Finance Committee Chair Ron Wyden seem pleased that Chicago-based AbbVie’s decided to drop its deal with Dublin
October 20, 2014Renu Zaretsky
: TaxVox
Have it your way… unless you’re Burger King. Five Senate Democrats—Illinois’ Dick Durbin, Michigan’s Carl Levin, Rhode Island’s Jack Reed, Vermont’s Bernie Sanders and Ohio’s Sherrod Brown—asked Burger King to not move its legal headquarters to lower-tax Canada. They accused it of trying to avoid
September 12, 2014Renu Zaretsky
: TaxVox
Maybe the duck will walk again? Lawmakers are putting down their markers on anti-inversion legislation. Top Senate Democrats Dick Durbin and Chuck Schumer have introduced a bill to curb “earnings-stripping” by multinational corporations—a practice where firms maximize U.S. tax deductions for
September 11, 2014Renu Zaretsky
State and Local Issues: TaxVox
A bipartisan group of 10 U.S. senators would allow states to require online retailers to collect sales taxes on all purchases, as long as the states first agree to simplify their sales tax rules. And, remarkably, their idea has broad support in the business community and may actually pass. The
November 17, 2011Howard Gleckman