Daily Deduction

Don’t Call It a Comeback… Yet.

November 6, 2014 –

Betting on tax reform in the 114th Congress? Consider some insight from TPC’s Bill Gale . GOP control won’t make gridlock disappear, even if...

A Hail Mary or Two on the Hill

September 18, 2014 –

Congress is not quite “ready for some football.” With trouble in the Middle East, an Ebola outbreak in Africa, and mid-term elections, the National...

Taxes Take Center Stage This Week—At Least on the House Floor

September 15, 2014 –

Shutting down talk of a shutdown… The House is expected to vote on a continuing resolution to fund the government—including the IRS—through December...

Tax Rates: Growth, Competition, and Debt

August 25, 2014 –

Congress is in recess until September 8. The Daily Deduction will next appear on Tuesday, September 2. It will resume its regular schedule on Monday...

Use It or Lose It: The Authority to Tax, or Not

August 18, 2014 –

Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, September 8. Until then: We’ll see you every Monday morning...

Reincorporation, Renunciation, and a Dose of Reality

July 30, 2014 –

There’s more than one way for a corporation to reduce taxes. It doesn’t have to reincorporate itself overseas. It could instead spin off a part of...

There’s No Joy in Inversion-Ville

July 25, 2014 –

Corporate inversions: Not exactly a home-run campaign issue. But some Democrats are swinging for the fences anyway, including President Obama: “You...

The Tax Man Cometh, But Sometimes Collects Less

June 30, 2014 –

The FATCA wait is over. The Foreign Account Tax Compliance Act goes into effect tomorrow. It is designed to prevent tax evasion by US citizens with...

In Search Of… Email, Debt Reduction, and a Cheaper Buzz

June 23, 2014 –

“My kingdom for a hard drive!” Tonight, the House Oversight and Government Reform Committee begins its two-part hearing on missing IRS emails—lost...

IRS Has New Woes in Congress; Taxes in Minnesota Pay Off

June 18, 2014 –

House Republicans would slash IRS funding. Their fiscal year 2015 financial services budget includes roughly $11 billion for the IRS. This would cut...