Business Tax VOX

  • 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?

  • Will Obama's immigration action kill tax reform? No.

    A popular Washington narrative is that President Obama will kill prospects for tax reform in 2015 if he grants legal status to undocumented immigrants. But even if Obama does nothing on this issue, the political headwinds against a tax code rewrite were already too strong. 

  • Now is the perfect time to raise gas taxes

    Congress needs to finance highway and transit projects but can’t agree on how. The traditional revenue source is the gas tax. Gas prices are at their lowest levels in years and dropping. Consumers would barely notice if they had to pay a bit more now at the pump. But a gas tax hike won't happen. 

  • Voters hate gas taxes, and that's bad news for states

    On Election Day, voters proved once again that increasing the gas tax is a political loser. And that’s a problem.

  • Six things to watch in the new GOP Congress

    Republicans had a very good day  in midterm elections yesterday. But can they translate their ballot-box success into a positive legislative agenda? Six things to watch. 

  • 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. 

  • Are tax-free ABLE accounts the right financial solution for the disabled?

    Many people with disabilities face financial challenges. To address this issue, Congress is on the verge of approving the Achieving a Better Life Experience (ABLE) Act that would create tax-free savings accounts to assist disabled people. However, it comes with its eligibility restrictions and cannot be a complete solution. 

December 18, 2014

Photos of the Day 12/18

A couple share a kiss as Russian conscripts, wearing military uniforms, bid farewell to acquaintances at a local railway station before their departure for their garrisons in Stavropol, southern Russia.

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