Daily Deduction

“To make money you have to spend money…”

November 12, 2015 –

A computing giant’s merger plans might attract IRS scrutiny. Dell wants to thread the needle of US tax laws to purchase storage company EMC. Dell...

Elaboration, Exaggeration, and Reconciliation?

November 11, 2015 –

About last night… GOP presidential candidates used last night's debates as an opportunity to tout the highlights of their tax plans. Kentucky Senator...

A Debate, A New Plan, A Vote, and Two Mulligans

November 10, 2015 –

Who could forget: There’s another GOP debate tonight. This one is on the Fox Business channel. Moderators promise to stick to substantive economic...

Repeal, Reform, and Maybe Retaliation

November 9, 2015 –

On the Hill, a stronger push to repeal the Cadillac Tax? Senate Minority Leader Harry Reid and House Minority Leader Nancy Pelosi want to nix the 40...

“Looks like we made it…”

November 6, 2015 –

The House passed its highway bill. It voted yesterday to approve the $325 billion measure. The bill includes reauthorization of the Export-Import...

“Keep movin’, movin’, movin’, though they’re disapprovin'…”

November 5, 2015 –

The House Steering Committee choice for Ways & Means Chair is (drumroll, please) Kevin Brady. The Republican from Texas beat out Pat Tiberi of...

“Take me home, bumpy road…”

November 4, 2015 –

Another bumpy stretch for the highway bill… House Transportation and Infrastructure Committee chairman Bill Shuster just can’t wait to go through 280...

Let's Make a Deal...

November 3, 2015 –

Budget deal, done deal. The President signed the budget deal yesterday. The two-year measure keeps the government open and prevents a debt default...

Tax Credits: Taking credit before credit’s due?

November 2, 2015 –

The angel investor tax credit: A tarnished halo? In Minnesota, a tax break for wealthy investors in start-up companies helped generate 579 jobs...

“Senators, congressmen, please heed the call… the times, they are a changin’…”

October 30, 2015 –

Officially elected: Speaker Paul Ryan. The former Ways & Means chairman won the election for Speaker of the House yesterday morning. He is the...