Daily Deduction

On Winners, Gimmicks, and Billions…

December 4, 2015 –

Another step on the road to highway funding. The House easily approved the highway bill by a vote of 359 to 65 , and the Senate will soon follow suit...

A rush to the finish...

December 3, 2015 –

The highway bill is almost a done deal. The House may vote on the $305 billion measure today, and the White House has indicated that the President...

“The Hill is alive, with the sound of tax breaks…”

December 2, 2015 –

How do you solve a problem like tax extenders? As TPC’s Howard Gleckman explains, you don’t. Congress continues to try to reach a deal on dozens of...

An Exit Tax, a Carbon Tax Bonus, a Sugar Tax, and… Militants

December 1, 2015 –

There’s more than one way to skin offshore earnings. TPC’s Steve Rosenthal explains how Congress could slow tax-motivated departures like corporate...

On Highways and Tax Bases

November 30, 2015 –

On the Hill… With the short-term highway funding patch due to expire on Friday, House and Senate conferees will continue work on a longer-term...

Creativity, Caregiving, and Continuing Study

November 23, 2015 –

Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, November 30. Happy Thanksgiving. Without a gas tax increase...

Risk, Security, and Reform

November 20, 2015 –

The IRS Advisory Council says the tax system is “increasingly at risk.” The council released its annual report this week. Of all issues facing the...

Budgeting, Wooing, and Taxing

November 18, 2015 –

Today on the Hill. The House and the Senate will go to conference over the multi-year highway bill. The House Budget Committee holds a hearing on the...

Maybe peace, definitely another patch, and many refunds…

November 17, 2015 –

Speaker Ryan says he’d work with the President on tax issues. He told 60 Minutes that deals on highway spending, funding the federal government, and...

How Far Is Too Far?

November 13, 2015 –

Affordable Care Act signs up 540,000 in first week of open enrollment—how much of the law will the Senate vote to repeal next week? The Department of...