As Congress delays action on extending the 2001-03 tax cuts, state revenue officers may be secretly hoping for continued legislative paralysis. Why? Because the federal...

The one-year lapse of the federal estate tax this year came with the unwelcome requirement that heirs assume their benefactors’ bases for some assets they...

The President shall, by the first Tuesday in October, address a joint session of Congress on the Fiscal State of the Union. Those words are...

No joke: The other day a financial planner told me about a client who asked if he could rework his father’s end-of-life advance directive to...

The alternative minimum tax , America’s favorite stealth levy, threatens to hit 27 million taxpayers this year if Congress doesn’t patch it once again. Given...

It is a good thing the “Creating American Jobs and Ending Offshoring Act ,” which died in the Senate today, was never supposed to pass...

Now it is official. Neither Democrats nor Republicans will run in 2010 on a serious platform to address the budget deficit . We knew the...

President Obama’s plan to raise taxes on the nation’s highest income households may not quite mean what you think. A closer look suggests that fewer...

Senate Republican Leader Mitch McConnell (R-KY) wants to permanently extend all of the Bush-era tax cuts. He’s also rejected even modest efforts by President Obama...

America ’s long-term fiscal challenge will drive the nation’s domestic policy for years to come. But in an age of partisan noise and name-calling, it...