Daily Deduction

Will they or won't they?

December 18, 2015 –

About that spending bill on the Hill. While the House easily passed a $622 billion tax cut package yesterday, the companion $1.1 trillion omnibus...

Tax Goodies, Magic Accounting, and Deferrals

December 17, 2015 –

A budget deal, still on the Hill… The White House praised the omnibus tax and spending deal reached by House leaders, but there are still some House...

It only feels like the longest week…

December 16, 2015 –

The House has reached a tax and spending deal. The tax deal would delay the Affordable Care Act’s 40 percent tax on high-cost healthcare plans and...

"After all, tomorrow is another day..."

December 15, 2015 –

Congress may unveil a $1.1 trillion spending bill as well as a tax extender package today. The latest deadline for federal funding expires tomorrow...

"Over the shutdown and through the breaks..."

December 14, 2015 –

No government shutdown, but there’s still work to be done. Congress wants to head home for the holidays this week so will spend its time on two last...

There’s no time like the present. Or next week.

December 11, 2015 –

On spending and extending: A few more days to work out the kinks. The Senate approved yesterday and the House will likely approve today a five-day...

Extenders, Thresholds, and the Tax Base

December 10, 2015 –

Are we closer to a tax extender deal? So far, the proposed deal includes includes a two-year delay on the medical device tax and the Cadillac tax. It...

"Time, time, time, is on my side... Yes, it is."

December 9, 2015 –

TPC crunches the numbers on Jeb Bush’s tax plan: A pricey gift for the wealthy. TPC’s analysis finds the former Florida governor would cut taxes at...

Exits, Powers, and Disputes

December 8, 2015 –

Hillary Clinton has another tax idea. Tomorrow the Democratic presidential candidate will share her plan for a corporate “exit tax.” The levy would...

Breaks, Increases, Cuts and… Death

December 7, 2015 –

On the Hill… Work continues this week on the spending bill. Meanwhile, lawmakers are still talking about what to do with the “tax extenders.” On...