Sen. Patty Murray (D) of Washington rose to political prominence by espousing an environmentalist agenda. She also gathered grassroots support to strike down proposed preschool program budget cuts.
Retirement planning has a strong ally in qualified charitable distribution (QCD), a gifting strategy that has been availably to retirees since 2006. QCD is up for renewal in Congress, and its extension (or not) could have a major impact on retirement planning,
The House Ways and Means Committee will vote on how to fix Highway Trust Fund on Thursday. In Flint, Michigan, the city wants to cut its retirees' health benefits to avoid bankruptcy.
The House Oversight and Government Reform Committee will begin its two-part hearing on missing IRS emails today. Tomorrow, the Senate Finance Committee will examine the role of the tax system in reducing student debt.
This week, the DC Council voted to support $165 million in tax cuts and Rhode Island considers a bill to cut the state's corporate income tax rate. Renu Zaretsky has the scoop on the latest in taxes.
Those tax goodies – tax breaks for everything from corporate research to teachers' unreimbursed class expenses – have expired again. Congress always renews them. But Congress would do the nation a favor by not extending them until it tackled serious tax reform.
As the Senate's finance committee chairman, Ron Wyden, is expected to introduce a bill that would reinstate expired tax breaks, Illinois and Pennsylvania are raising some local taxes of their own.
No one seems to like to bring up arguments in favor of taxes -- except perhaps policy makers -- but the Tax Policy Center notes there are ways of making taxes simpler to implement and fairer to those who pay them.
In today's Daily Deduction, Tax VOX reports that President Obama's fiscal 2015 budget will include about $1 trillion in new taxes as several states look to make tax changes of their own.
Taxpayers are paying for CEOs to receive huge salaries, as corporations deduct executives' compensation from income taxes. What's the solution?