Daily Deduction

Evasion, Cuts, Hikes, and Drops

October 6, 2015 –

A global crackdown on corporate tax evasion nears finalization. The Organization for Economic Cooperation and Development released its plan to curb...

Hope's Limits, Math, and Cuts

October 5, 2015 –

International tax reform bites the dust. The last shred of hope that this Congress could enact international tax reform faded when House Ways &...

On Taxes and Cost Containment

October 2, 2015 –

The “ Cadillac tax ” has a loyal pit crew. A bipartisan group of 101 economists and health experts have co-signed a letter urging Congress to retain...

A Resignation, and… Resignation

September 28, 2015 –

Speaker of the House John Boehner resigns. His resignation—in the wake of a conservative effort to overthrow him—increases the chances that Congress...

Fairness, Cheating, and Certainty

September 25, 2015 –

Next week on the Hill … Maybe a shutdown , maybe not, and also a couple of Senate Finance Committee hearings. On Tuesday, the panel will hold a...

A lawmaker's work is never done.

September 24, 2015 –

On the Hill today… The Senate plans to vote on a continuing resolution to fund the government from October 1 through December 11. The continuing...

That bipartisanship has sailed, for now.

September 23, 2015 –

Remember that bipartisan disdain for the carried interest loophole? Don’t count on its demise anytime soon . GOP lawmakers are willing to discuss it...

Inversions, Schools, and Supermarkets

September 22, 2015 –

Inversion rules are on hold, for now. It’s been a year since Treasury warned that it would crack down on corporate inversions—buying a share of...

All’s Fair in Tax Breaks and Hikes… Or Not.

September 18, 2015 –

Whither carried interest? The New York Times considers a growing bipartisan consensus against the loophole, fueled by this week’s GOP presidential...

Breaks, Penalties, and Extenders

September 17, 2015 –

Can’t we all just get along? (and end the carried interest tax break?) Private equity and hedge fund managers can currently count compensation from...