pension smoothing

: TaxVox

“You Got to Know When to Fold ‘Em”

Gambling with the Highway Trust Fund: The House always wins? As expected , the House rejected the Senate’s four-and-a-half month $8 billion highway funding patch passed earlier this week. The House returned its own 10-month $10.8 billion patch—the one that includes pension smoothing — back to the

August 1, 2014Renu Zaretsky

: TaxVox

Pensions and Tax Bases: Realities and Hopes

The thing about pension smoothing: The bumps always come back. Neither the Committee for a Responsible Federal Budget nor TPC’s Len Burman will suspend disbelief when it comes to the latest gimmick to patch the Highway Trust Fund. Maybe “stupid tax tricks” work politically but “pretending to raise

July 10, 2014Renu Zaretsky

: TaxVox

Whither the Highway Trust Fund?

Smoothing pensions to fund highways: A bumpy, short road. The House Ways & Means Committee will include “ pension smoothing ” in a $10.9 billion highway funding bill to be marked up tomorrow . In 2012 lawmakers covered two years of highway and transit funding by allowing employers to delay tax-

July 9, 2014Renu Zaretsky