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.
Former IRS official Lois Lerner, who managed the agency's controversial handling of Tea Party-related groups, may face possible criminal charges, while a House committee reportedly said they will vote on a resolution tomorrow to hold her in contempt of Congress.
The "fiscal cliff" deal's phaseout of itemized deductions is really a sneaky way to raise marginal income tax rates and creates an economic incentive to give to charities, Burman writes.
Gleckman profiles a single mom who likely owes no income tax thanks largely to the Earned Income Tax Credit and the Child Tax Credit.
When it comes to taxing the wealthiest Americans, some methods are better than others in leveling the playing field.
Estate tax provision would exempt first $5 million and charge only 35 percent on the rest of wealthy estates.
The Bipartisan Policy Commission has released a tax reform plan that slashes spending and reinvents tax policy: starting with a year-long payroll tax holiday.
The argument for extending the high-end tax cuts have gone wobbly. It would be more convincing if the Republican line were something other than “no new taxes, ever.” The economic and fiscal circumstances may change, but the prescription remains the same.