Hillary Clinton's relentless pursuit of tax breaks for the middle class puts her campaign narrative in stark contrast with that of the GOP of candidates. It is too early to tell which narrative will be more appealing.
Most low-income families that are benefiting from the Earned Income Tax Credit need the help of a paid preparer. These perparers can make mistakes at the expense of the families. Regulation may help stop this.
The new budget plan that House Speaker John Boehner and the Obama administration reached is filled with some fiscal tactics that won't reduce spending nearly as much as it appears. Although, some spending is cut, it is still unknown if Republicans will vote in favor of the bill.
The new Canadian Prime Minister, Justin Trudeau, plans on running a deficit for the next three years and promises to balance it by 2019. This brief will help keep you up to date on this and other tax news.
As presidential candidate campaigns heat up, big promises are being made by candidates on both sides of the political spectrum. The common denominator of the promises made so far is an inability to explain how they will be paid for without sinking the nation in debt.
Some think that a carbon tax may have prevented the Volkswagen diesel scandal. A straightforward carbon tax has the potential to replace the confusing stick-and-carrot system we have currently. There would be less incentive to cheat.