The IRS acknowledges it gave additional scrutiny to the tax-exemption applications of conservative groups. Top Republican lawmakers are calling for a White House investigation into the agency.
Repealing laws by hollowing them out – failing to fund their enforcement or implementation – works because the public doesn’t know it’s happening, Reich writes. Enactment of a law attracts attention; de-funding it doesn’t.
Penny Pritzker is first member of the wealthy family to accept a federal post. President Obama has nominated Penny Pritzker as Commerce secretary.
The Supreme Court saved Obamacare by deeming the law's individual mandate a 'tax.' But in that case, the law violates the Constitution's Origination Clause, which says all tax bills must originate in the House, not the Senate. Letting the law stand sets a dangerous precedent.
Obama bangs joke at the White House correspondents' dinner Saturday night shows how, with professional help, presidents are now just as funny as the comedian hosts.
Echoes of one of Tolstoy's great works, inspired by the conflict between Russia and Chechnya, can be found in the final novel by David Foster Wallace.
The IRS will shut its doors to the public for five days in the coming months due to federal budget cuts. IRS closure dates and other news from around the economy this week.
President Obama is wealthy, but his income has been dropping in recent years, mainly due to a decline in book revenues. In releasing his 2012 return, the White House again pushed for tax reform.