Daily Deduction

With Taxes, Timing Is Everything

June 23, 2015 –

When is a tax payment an “ advance ” payment? In the 1990s, Ford made an $875 million payment to the IRS to cover some of $2 billion in underpaid...

On Havens and Stalemates

June 18, 2015 –

There could be billions of reasons Wal-Mart’s prices are so low. A report from Americans for Tax Fairness finds that Wal-Mart stashed $76 billion in...

On Patience, Consistency, and Savvy

June 17, 2015 –

Corporate rate cuts: Maybe not this year, after all. Bloomberg reports that House Republicans have greater interest in reanimating expired tax breaks...

Raising or Cutting Taxes: Go Big or Go Home

June 16, 2015 –

Did Jeb Bush promise his own tax reform? Kinda. With many other GOP presidential hopefuls vowing bold tax reform, observers were wondering whether...

Tax Increases: The Ugly, the Bad, and the Good?

June 15, 2015 –

“ What’s [still] the matter with Kansas?” TPC’s Norton Francis explains . “The $423 million package proposed by the Senate backpedals on some...

“The Waiting Is the Hardest [and Most Constant] Part”

June 11, 2015 –

IRS funding bill sets the stage for a budget standoff. The House would cut the agency’s funding by 7.7 percent, or $838 million, from this year’s...

Does Saying “No Chance” Increase the Chances of Reform?

June 10, 2015 –

The House votes to ban taxes on Internet access. Again. But senators still want to link the prohibition to a separate measure that would clarify the...

There’s Always Room for Improvement

June 4, 2015 –

IRS data could have been better protected. White House cybersecurity official Ari Schwartz says, “The recent IRS fraud case may have been limited or…...

Let’s Make a Deal… Or Not

June 2, 2015 –

Nevada will soon see an historic tax hike for education. The Nevada Assembly passed $1.3 billion in new and extended taxes to reform public education...

Raising Revenues at the Eleventh Hour

June 1, 2015 –

Kansas Governor Sam Brownback has a new tax hike—aimed mostly at low- and middle-income households. The state legislature has been in session for...