Daily Deduction

Pizza, Expats and Drugs

May 13, 2014 –
As expected, the Senate could vote today on tax extenders. Senate Republicans are likely to want to make changes on the floor— meaning even more tax...

Moving, Marijuana and More Money

May 12, 2014 –
Relocating: It’s not about the taxes. A new study from the Center on Budget and Policy Priorities finds that few people migrate from one state to...

Tax Preferences, Sliding Revenues, Fracking and Subversions

May 9, 2014 –
No PAYGO for R&D. The House plans to vote today to make permanent a research tax credit for businesses, despite Democratic opposition in the...

Contempt, Audits, Health Care, and Highways

May 8, 2014 –
On the Hill yesterday… The House voted 231 to 187 to hold former IRS official Lois Lerner in contempt of Congress. She is the third government...

Retirement, Driving, Greenhouse Gases and Tax Burdens

May 7, 2014 –
On the Hill today… IRS Commissioner appears before the House Ways and Means Subcommittee on Oversight to review the 2014 tax filing season and other...

Infrastructure, Implied Messages, Inequality, and Inversions

May 6, 2014 –
On the Hill this morning: The Senate Finance Committee will explore “New Routes for Funding and Financing Highways and Transit” at a hearing this...

A Tax News Update in Three Acts, and an Encore

May 5, 2014 –
Act 1: Some Pennsylvania school districts may need to raise taxes this year. In setting their budgets for the coming year, nearly 1/3 of school...

Tax Impacts: Health Insurance, Housing, Prisons, and Expirations

May 2, 2014 –
Tax subsidies for health and housing top $600 billion in 2014. The latest Tax Facts from TPC’s Georgia Ivsin and Donald Marron reports that tax...

Competition and Tax Reform: A Thorn in Everybody’s Side

May 1, 2014 –
Running abroad like they’re being chased? Officials are making it known that the Treasury would like to crack down on US companies that change their...

Funding Tax Breaks, the IRS, and Public Pensions, Safety, and Schools

April 30, 2014 –
Six business tax breaks move ahead. The House Ways and Means Committee has approved by a largely party-line vote $310 billion in business tax breaks...