Daily Deduction

Compliance, Complications, and Competition

July 27, 2015 –

The latest from the Hill… The Senate continued its work on highway funding yesterday: It blocked Senator Ted Cruz’s effort to tie the bill to the...

Reruns, R-Rated Reform, and Gimmickry

July 22, 2015 –

Everything old is new again. It took the Senate Finance Committee about 90 minutes to move a bill to renew a slew of expired tax breaks for two years...

Is Congress on the road to highway resolution?

July 17, 2015 –

Next week on the Hill — A Senate vote on highway funding. Senate Majority Leader Mitch McConnell plans to hold a procedural vote on Tuesday on a six-...

All talk and no action keeps highways a bumpy mess.

July 16, 2015 –

The House passes a five-month highway patch. But the Senate still wants two years and Finance Chair Orrin Hatch thinks he might be able to fund five...

“Take me home, country road… To a fund (and a country), that’s not broke.”

July 10, 2015 –

Greece: "Ne" to new sales taxes and (maybe) tax reform. The beleaguered Greek government has offered a new reform plan in return for $55 billion in...

Baskets, A Balk, Borders, and Budgets

July 9, 2015 –

The IRS goes after the “worst of the worst.” Bloomberg reports that the IRS will now classify the use of “basket options” —a strategy mastered by...

There are at least eleven billion ways to stop work on roads.

July 8, 2015 –

Thirty-fourth verse: Same as the first. A six-year plan to fund roads and transit, costing around $90 billion, has gotten nowhere fast on the Hill...

An Inversion, Taxing the Cloud, and Our Model

July 7, 2015 –

Corporations that ditched US mailing addresses may still get federal contracts. In a 2013 memo obtained by Bloomberg , manufacturer Ingersoll-Rand,...

The Long, Hot, Unfunded Summer?

July 6, 2015 –

On the Hill: Senate Democrats vow to block all GOP spending bills, while the House plans to spend the remaining weeks of July on two tasks. The first...

A Ruling, A Guide, and Progressive Taxation

June 26, 2015 –

The Affordable Care Act’s tax subsidies are legal in all 50 states. The US Supreme Court issued its ruling yesterday against the plaintiff in King v...