Business Tax VOX

  • How Obama would cut childcare costs

    President Obama has proposed important changes for child care costs that could allow families of young children to save thousands. But some families, especially those with just one older child, could wind up paying more. 

  • The 10 worst tax ideas for 2014

    The past 12 months were a banner year for bad ideas and their perpetrators. We've picked out the worst top 10 ideas and hope history won't repeat itself for 2015. 

  • Will immigrants get a tax windfall from refundable credits?

    Lawmakers scuttled an effort to permanently extend a number of tax breaks—largely because many feared it would open the door to widespread use of refundable tax credits by undocumented immigrants covered by President Obama’s recent executive order. Is their concern justified?

  • Can Congress get more last minute deals done before the holidays?

    Congress yesterday announced a $1.01 trillion deal but still will need a short-term extension to prevent a government shut-down. Meanwhile, congressional negotiators scramble to wrap up several policy disputes, approve or pass other bills, budget cuts, and more before the holidays. 

  • Can the House compromise on a $1.1 trillion spending bill?

    The House is scheduled to vote tomorrow on a $1.1 trillion spending bill expected to be released today. Meanwhile, the IRS oversight report is out and the Congress is about to pass the compromise spending bill. 

  • Retirement security a priority for the Obama administration in 2015

    President Obama proposed that his administration would make retirement security a priority that would increase the ability of part-time workers to join their employer’s plan and improve tax incentives for businesses. 

  • Fixing the President's 'angel of death' capital gains tax

    President Obama's tax on capital gains at death makes enormous sense. But the problem is with the record-keeping involved. Having to keep track of every asset purchase ever made would be extremely difficult. Fortunately, there is an easy fix. 

  • The tax reform gap between Obama and the GOP is widening

    President Obama laid out his vision for the tax code. He's using a 'middle-class economics' agenda aimed at raising taxes on capital gains on high-income groups and redistribute the money from rich to working-class households. While, Republicans want to cut tax rates mostly. Will there be a middle ground? 

  • Obama wants to tax the rich. It's a plan abroad, too.

     President Obama called on Congress last night to address wealth inequality through the tax code. But taxing the rich isn't just an American thing; Russia, Great Britain, and Brazil have  rules or proposals in motion to put the tax code to work agains income inequality. 

  • President Obama targets the 'angel of death' capital gains tax loophole (+video)

    The president plans to announce new proposals that would substantially increase taxes for the wealthiest Americans. But the possible elimination of the 'angel of death' tax loophole is a more significant change, taxing the wealthy on inherited capital gains.

  • Is the budget deficit even a problem?

    Do deficits matter? It is an age-old question that’s going to get renewed attention in a Congress where Republicans have made no secret of their desire to cut government spending. Two tax experts take up the deficit debate. 

  • New Congress, new tax rules, old obstacles

     On the first day of the new Congress, new and old tax laws are being calculated, implemented, and executed. Tax prep firms are ready and waiting to help tax filers while repealing the medical tax device remains on the agenda. 

January 25, 2015

Photos of the weekend

Firefighter Travis Theurer signals to those on shore that he’s strapped fellow firefighter Donnie Corn in to be pulled out of the water Saturday, during ice rescue training in Portland, Indiana.

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