Daily Deduction

Simple Is as Simple Does

August 10, 2015 –

Congress is in recess. The Daily Deduction will publish Mondays until Congress returns in mid-September. About those simple tax plans proffered in...

“If at first you don’t succeed, try, try, again.”

August 7, 2015 –

“ All by myself… ” Paul Ryan and international tax reform. The House Ways & Means chairman has his work cut out for him with his international...

Information: Additions, Disclosures, and Theft

August 6, 2015 –

Better revenues through form additions? The short-term highway funding extension gets about $1.8 billion in revenue over ten years from a change to...

On Carbon, Soda, and the Safety Net

August 5, 2015 –

Are carbon taxes in our future? President Obama unveiled strong new rules to reduce carbon emissions this week. States could use pollution trading or...

Tax-Exempt Status, Tax Breaks, and the Limits of Economic Recovery

August 4, 2015 –

Colleges that oppose same-sex marriage can keep their tax-exempt status. Granted, the US Supreme Court ruled that same-sex marriage is legal in all...

Happiness Is: Paying Your Taxes?

August 3, 2015 –

The Clintons earn a lot income, and pay a lot in taxes. Former President Bill Clinton and Democratic presidential candidate Hillary Clinton released...

“Although they’ve come… to the end of the road… They still can’t let it go…”

July 31, 2015 –

To the President’s desk: A short-term highway patch. Yesterday the Senate approved an $8 billion stop-gap authorization for federal transportation...

Long-term Highway Funding: “Ain’t no time like three months from now”

July 30, 2015 –

Another summer kick of the can…down the “highway.” The Senate will vote today on its long-term highway bill. Of course, the House has already gone...

Another Short-Term Rescue and a Misdiagnosed Problem

July 29, 2015 –

The latest on highway funding… Just before leaving town for its August recess, the House approved a three-month extension of highway funding until...

Running Out the Clock on the Hill?

July 28, 2015 –

Highway funding work continues. The Senate continues its work on highway funding legislation , scrambling to finish its work by the end of the week...