May 14, 2020
The $10,000 annual limit on the state and local tax (SALT) deduction was one of the most contentious provisions of the 2017 Tax Cuts and...
May 12, 2020
Congress is headed toward a fourth COVID-19 relief package – and arguably the first one directly addressing state and local governments’ pandemic-induced fiscal crisis ...
May 12, 2020
Last week, President Trump said the Administration will urge the US Supreme Court to overturn the entire 2010 Affordable Care Act. While the High Court...
May 11, 2020
Back in 1991, Saturday Night Live spoofed politicians who see capital gains tax cuts as a panacea. In one sketch, after being frozen for eons,...
May 8, 2020
Treasury Secretary Steven Mnuchin and the IRS are right: Because the hundreds of billions of dollars the businesses are getting through the Coronavirus Aid, Relief,...
May 7, 2020
One of President Trump’s demands for the next COVID-19 relief bill is restoration of the tax deduction for business meals and entertainment expenses. Since the...
May 6, 2020
What’s it like to be—or not be—on the receiving end of expanded UI benefits, PPP loans, or direct payments?
April 30, 2020
Did the Treasury Department’s decision to put President Trump’s name on the coronavirus stimulus checks slow the mailing of those checks? Of course it did,...
April 29, 2020
President Trump continues to promote a payroll tax holiday as a piece of the next coronavirus relief bill. The idea fails as either relief or stimulus...
April 28, 2020
The IRS has done an impressive job delivering over 80 million rebate payments authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. But...